The global mechanical pump market was valued at US$ 49.6 billion in 2021 and it is anticipated to grow up to US$ 82.0 billion by 2031, at a CAGR of 5.1% during the forecast period.
Mechanical pumps use mechanical devices such as pistons, claws, rolls, and diaphragms to create a vacuum by acting on the viscous properties of the exhausted gas or liquid. Mechanical vacuum pumps and their respective lubricants must be compatible with moving or containing fluids to prevent wear and corrosion and ensure safe and clean operation. Since most pumps pump different gases at different speeds, the type and consistency of the gas supply also affect the pump’s performance. These types of mechanical pumps are grouped by the technology or mechanism used.
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Global Mechanical Pump Market Segmentation
By Pump Type
- Positive Displacement
- Centrifugal Displacement
By Stage Type
- Single Pump
- Multi Pump
Key Players
- EBARA CORPORATION (Japan)
- Grundfos Holding A/S (India)
- KIRLOSKAR BROTHERS LIMITED (India)
- KSB SE & Co. KGaA (Germany)
- PumpWorks (U.S.)
- Sulzer Management Ltd. (Switzerland)
- T&T Pump Company Inc. (U.S.)
- The Weir Group PLC (UK)
- Tsurumi Manufacturing Co., Ltd. (Japan)
- Xylem Inc. (U.S.)
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Market Drivers and Trends
Currently, a majority of energy is being generated through conventional power plants, including coal-powered, gas-powered, nuclear, biogas-powered, and geothermal power plants. Water plays a key role in the electricity generation in these plants, as it is converted into steam to propel the turbines. Mechanical pumps are used for circulating water in these power plants. Owing to the increase in population, industrialization, and urbanization across the world, especially in Asia Pacific, the demand for energy is increasing at a high pace. As a result, several fossil fuel-powered power plants are being deployed across the world. For instance, in August 2021, China’s provincial governments approved the construction of 24 new coal power projects capable of generating 5.2 gigawatts (GW) of energy.
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