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According to IMARC Group’s latest report, titled “Diaphragm Pump Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global diaphragm pump market reached a value of US$ 3.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.3 Billion by ,2027 exhibiting a CAGR of 4.9% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The term “diaphragm pump” refers to a positive displacement mechanism used to transport fluid into and out of a pump chamber. It is used to control the pressure and flow rates that are regulated by the chamber size and diaphragms. Concrete, trash waste, stones, oil sludge, food waste, muck, clay, industrial fluids, and other materials can all be transferred using diaphragm pumps. These pumps are also utilised in the pharmaceutical business to generate pressure for cleaning and spraying applications in aircraft and cars.
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The market for diaphragm pumps is being bolstered by the developing oil and gas sector, as well as rising fuel consumption from the transportation, commercial, and residential sectors. Furthermore, the global demand for diaphragm pumps is being fueled by an increase in onshore and offshore exploration activities. Aside from that, increased investment in water treatment plant upgrades is increasing the use of diaphragm pumps to remove harmful components from highly viscous fluids, solids, and liquids. Air-operated double diaphragm pumps that can pump liquids containing large solid particles have also been introduced as a result of many product advancements. As a result, the global market will continue to be driven by the rising use of digital technology for diaphragm pumps to give high precision.
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List of Key Companies Covered in this Market Report:
The report has segmented the market on the basis of mechanism, operation, discharge pressure, end- use industry and geography.
Key highlights of the report:
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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