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Residential Lighting Fixtures Market Report: Impact of COVID-19 on Industry Recovery

The global residential lighting fixtures market size is expected to reach USD 22.41 billion by 2030, expanding at a CAGR of 6.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rapid replacement of traditional lights with more energy-efficient and economical lighting fixtures is expected to remain a prominent trend. Furthermore, rising middle-class population in developing countries including China, India, Bangladesh, and Philippines as a result of urban development and increasing number of employment opportunities is projected to have a positive impact on the market.

The Light-emitting Diodes and Organic Light-emitting Diode (LED & OLED) led the market in 2018, contributing to over 50% of revenue share. High energy-efficiency and durability is anticipated to drive the growth. This segment is expected to witness steady growth in the upcoming years owing to the implementation of government initiatives aimed at encouraging the adoption of energy-efficient LED lighting instead of incandescent lighting.

Access the Residential Lighting Fixtures Market Size, Share & Trends Analysis Report By Product (Ceiling, Pendant & Chandeliers, Wall Mounted), By Source, By Distribution Channel, By Region, And Segment Forecasts, 2024 – 2030

Ceiling and wall mounted together held the largest share of the global residential lighting fixture market with over 60% of the total revenue share in 2018. These products illuminate the whole room and make it appear brighter and larger. In addition, availability of a wide range of ceiling and wall mounted fixtures appropriate for different types of homes and décor is anticipated to bode well for the product demand.

Asia Pacific held the leading market share of more than 45% in 2018. Rising number of residential buildings in emerging economies including China, India, and Philippines on account of easy loan assistance by banks for home construction is expected to expand the use of lighting equipment. Additionally, the increasing number of smartphone users in these countries is expected to encourage manufacturers to launch products in their online stores.

Key manufacturers include Koninklijke Philips N.V.; Cree Inc.; General Electric; Hubbell Lighting, Inc.; Acuity Brands, Inc.; Eaton Corporation; Panasonic Corporation; OSRAM Licht AG; Nichia Corporation; and Everlight Electronics Co., Ltd. New product launches is expected to remain a key competitive strategy in the forthcoming years.

Residential Lighting Fixtures Market Report Highlights

The ceiling segment accounted for the largest share of 38.0% in 2023.

LED and OLED product segment is expected to account for a market share of 69.3% in terms of revenue by the end of 2023, owing to excellent energy efficieny of the products.

Middle East and Africa is expected witness the fastest CAGR of 6.2% from 2019 to 2025. The scope for electrification along with government initiatives in African countries including Nigeria, Kenya, and Ethiopia is projected to open new avenues

Asia Pacific led the residential lighting fixture market with more than 45% of revenue share

The online segment is projected to grow at the fastest CAGR of 8.6% over the forecast period.

Order your free sample copy of “Residential Lighting Fixtures Market Report 2024 – 2030, published by Grand View Research

Key Residential Lighting Fixtures Company Insights

Some of the key companies in the residential lighting fixtures market include Koninklijke Philips N.V.; Hubbell Incorporated; Vorlane; Cree Lighting and Kichler Lighting LLC. Vendors in the market are focusing on increasing customer base to gain a competitive edge in the industry. Therefore, key players are taking several strategic initiatives, such as mergers and acquisitions and partnerships with other major companies.

Panasonic Corporation offers a wide range of lighting solutions for residential spaces, focusing on energy efficiency, design aesthetics, and technological innovation.

Key Residential Lighting Fixtures Companies:

The following are the leading companies in the residential lighting fixtures market. These companies collectively hold the largest market share and dictate industry trends.

Koninklijke Philips N.V.
Hubbell Incorporated
Vorlane
Cree Lighting USA LLC.
Kichler Lighting LLC.
Cooper Lighting LLC.
General Electric Company
ACUITY BRANDS, INC
Eaton.
Panasonic Corporation

Recent Developments

In March 2023, Signify acquired Intelligent Lighting Controls, Inc. (ILC), a wired control systems manufacturer. The acquisition is expected to add to Signify’s well established technology and energy-saving solutions in North American market.

About Grand View Research:

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit www.grandviewresearch.com

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Grand View Research, Inc.

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HVAC Systems Market Landscape: Key Segments and Regional Insights Explored

The global HVAC systems market size is anticipated to reach USD 382.66 billion by 2030, according to a new study by Grand View Research Inc. The market is expected to expand at a CAGR of 7.4% from 2024 to 2030. The rising adoption of energy-efficient and renewable energy products is anticipated to be a significant driving factor for HVAC demand. Demand for eco-friendly systems, and advanced technology usage in products including software and automation, are a few key factors contributing to the industry’s success. The growing usage of ACs in homes, as well as offices, has favored the HVAC industry over the years. To further boost this demand, rising incomes and standard of living in several emerging economies have also driven business profitability in recent years.

The growing popularity of ductless HVAC(Heating, ventilation, and air conditioning) is also gaining traction and will create avenues for market growth over the mid-term. Installing ACs in buildings without ducts is an impossible task and this is where ductless systems come to save the day. These compact units can be installed almost anywhere devoid of ducts. Apart from new product development energy-efficient and tech-savvy products are also carving a niche for themselves in the market. For instance, products that work on geothermal technologies or renewable energy sources are helping consumers cut energy costs while benefitting OEMs meet sustainability targets.

Access the HVAC Systems Market Size, Share & Trends Analysis Report By Equipment (Heat Pump, Air Purifier), By End-use (Residential, Commercial, Industrial), By Region, And Segment Forecasts, 2024 – 2030

Apart from efficiency, technology is also making this a lucrative market. Building automation systems are popular among contractors and architects. Therefore, the demand for Building Automation Systems (BAS) is gaining traction, as such creating avenues for the market. Further, ACs are no longer operated manually but can be controlled remotely with a smartphone, PC, or tablet. This functionality and smart feature is also emerging as a popular trend in the market creating revenue streams for manufacturers.

HVAC Systems Market Report Highlights

The heat pump equipment segment led the market and accounted for a share of 37.8% in 2023. The demand for heat pumps is experiencing a notable surge driven by a growing emphasis on energy efficiency, environmental sustainability, and a shift toward renewable heating solutions.

The demand for air purifiers is witnessing a robust increase as concerns about indoor air quality and respiratory health grow worldwide. Driven by factors, such as rising pollution levels, allergens, and awareness of airborne viruses, consumers and businesses are increasingly investing in air purification technologies.

Asia Pacific dominated the market and accounted for a revenue share of more than 46.5% in 2023. Rising temperatures and industrial growth in the region will favor demand over the forecast period

Since the outbreak of coronavirus, key players operating in the market are focused on introducing products that can improve the air quality. In February 2020, Havells India Ltd. launched Grande heavy Duty Air conditioner under its brand Llyod. The AC features Catechine coated dust filter and Green Bio air filter along with anti-bacterial Eva Coils, which enhances the room air quality

Order your free sample copy of “HVAC Systems Market Report 2024 – 2030, published by Grand View Research

Key HVAC Systems Company Insights

To increase market penetration and cater to changing technological requirements from various end-uses, such as residential, commercial, and industrial, product manufacturers use a variety of strategies, such as joint ventures, mergers, acquisitions, new product launches, and geographical expansions. Manufacturers are undertaking strategic acquisitions to gain an edge in the industry and increase their geographic presence.

For instance, in May 2023, Carrier Corporation introduced i-Vu Pro v8.5 for upgrading controller firmware, improving serviceability for customers, and reducing downtime of connected HVAC equipment. The latest enhancements are expected to help customers with Internet of Things (IoT) connectivity, robust security, and leading serviceability features. Furthermore, in February 2022, Johnson Controls, Inc. launched commercial rooftop units (RTUs) with series, such as Johnson Controls, YORK, and TempMASTER. These products are certified by the DOE 2023 efficiency standards.

Key HVAC systems Companies:

The following are the leading companies in the HVAC systems market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these HVAC systems companies are analyzed to map the supply network.

Carrier Corporation
Daikin Industries, Ltd.
Fujitsu
Haier Group
Havells India Ltd.
Hitachi Ltd.
Johnson Controls
LG Electronics
Lennox International Inc.
Mitsubishi Electric Corporation
Rheem Manufacturing Company
SAMSUNG
Trane

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Grand View Research, Inc.

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Increasing Demand for Sustainable Construction Propels the Waterproofing Membranes Market

The growing demand from the waste and water management sector has given a boost to the waterproofing membrane market in the recent few years. Waterproofing membranes are crucial components in construction, designed to protect buildings from water ingress and ensure structural integrity. As urbanization continues to drive demand for durable and sustainable infrastructure, the waterproofing membrane industry is expected to witness significant growth.

The global waterproofing membrane market size was pegged at USD 24.54 billion in 2023. This is expected to cross USD 40 billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030. In recent years, the market has seen a shift toward advanced materials such as modified bitumen, EPDM (ethylene propylene diene terpolymer), PVC (polyvinyl chloride), TPO (thermoplastic polyolefin), and others. These materials offer superior durability, flexibility, and resistance to environmental factors, thereby expanding their application scope across roofing, walls, tunnels, and basements.

Access the Waterproofing Membranes Market Size, Share & Trends Analysis Report 2024-2030, published by Grand View Research

Technological Innovations and Product Developments

Advancements in technology have played a pivotal role in the evolution of waterproofing membranes. Manufacturers are focusing on developing membranes that are easier to install and offer enhanced resistance to chemicals and UV radiation. For instance, self-adhesive membranes have gained popularity due to their convenience and efficiency in application.

Additionally, the integration of nanotechnology in membrane formulations is opening new avenues for improved performance characteristics, such as self-healing properties and increased tensile strength. These innovations are not only addressing traditional challenges but also paving the way for sustainable solutions in the construction industry.

Future Outlook

The waterproofing membrane market presents lucrative opportunities for stakeholders across the construction value chain. By leveraging technological innovations, expanding product portfolios, and adapting to evolving regulatory landscapes, companies can position themselves for sustained growth and success in this dynamic market.

The future of the waterproofing membrane market looks promising, driven by a combination of technological advancements, evolving regulatory landscapes, and increasing emphasis on sustainability in construction practices. Let us have a look at some of the key factors shaping the market’s outlook:

Technological Advancements: Technological innovations continue to redefine the capabilities of waterproofing membranes. Manufacturers are investing in research and development to enhance product performance, durability, and ease of installation. Self-healing membranes, nanotechnology-infused materials for enhanced strength and flexibility, and smart membranes that can monitor structural integrity in real-time are some of the cutting-edge developments expected to gain prominence.

Order Your Sample Copy of the Waterproofing Membranes Market Size, Share & Trends Analysis Report By Product ((Liquid Applied), Sheet (PVC, EPDM)), By Application (Roofing, Building), By Raw Material, By Construction, And Segment Forecasts, 2024 – 2030

Sustainability Initiatives: Sustainability is becoming a critical driver in the construction industry, influencing material choices and building practices. Waterproofing membranes play a crucial role in achieving energy efficiency, reducing carbon footprint, and improving indoor environmental quality. As regulations tighten globally to promote sustainable building practices, there is a growing demand for eco-friendly membranes made from recyclable materials.

Urbanization and Infrastructure Development: Rapid urbanization, particularly in emerging economies of Asia-Pacific, Latin America, and Africa, is expected to fuel significant growth in the waterproofing membrane market. Infrastructure projects such as roads, bridges, tunnels, and residential complexes require robust waterproofing solutions to ensure longevity and structural integrity. Investments in smart cities and sustainable urban development initiatives are also expected to create new opportunities for innovative waterproofing technologies.

Integration with Digital Technologies: The integration of digital technologies such as Building Information Modeling (BIM), the Internet of Things, and Artificial Intelligence is transforming the construction industry. Waterproofing membranes equipped with smart sensors and data analytics capabilities can provide real-time insights into building performance, maintenance needs, and predictive maintenance, thereby enhancing operational efficiency and lifecycle management.

To summarize, the future of the waterproofing membrane market is characterized by innovation, sustainability, and resilience. As stakeholders embrace advanced technologies, adhere to stringent regulatory standards, and respond to the growing demand for eco-friendly solutions, the market is poised for sustained growth and evolution. By aligning with these trends and leveraging opportunities in emerging markets, companies can navigate challenges and capitalize on the expanding scope of waterproofing solutions in global construction projects.

BASF SE, GAF Materials Corporation, Paul Bauder GmbH & Co. KG, Kemper System America, Inc., CICO Technologies Ltd., GAF Materials Corporation, Alchimica Building Chemicals, Fosroc Ltd., Maris Polymers, Bayer MaterialScience AG, and Isomat S.A. are some of the key companies in the global waterproofing membrane market.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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LED Lighting Market Poised for Substantial Growth Amidst Rising Demand for Sustainable Lighting Options

With its energy efficiency, durability, and versatility, LED lighting systems has caused a huge expansion of the LED lighting market in the past few years. LED lighting has emerged as a frontrunner, revolutionizing the way people illuminate surroundings. It has swiftly gained prominence across residential, commercial, and industrial sectors, reshaping the global lighting industry.

LED lighting technology converts electricity into light using semiconductor materials. Unlike traditional incandescent or fluorescent bulbs, LEDs emit light in a specific direction, reducing energy wastage and enhancing efficiency. This fundamental principle forms the cornerstone of LED lighting’s widespread adoption and success.

Access the LED Lighting Market Size, Share & Trends Analysis Report 2024-2030, published by Grand View Research

Driving Forces

The global LED lighting market had a size value of USD 81.48 billion in 2023. This is expected to reach USD 169 billion by 2030, growing at a compound annual growth rate (CAGR) of 11.0% from 2023 to 2030. There are several driving factors behind the growth of the market. LED lights provide an energy-efficient option. LED lights consume significantly less energy than traditional lighting sources, making them an attractive option for consumers and businesses seeking to reduce electricity bills and minimize environmental impact. With the rising level of construction, the adoption of LED has also risen multifold as the governments are promoting them due to their energy efficiency.

With an impressive lifespan, LED lights outlast conventional bulbs by a wide margin, resulting in reduced maintenance costs and fewer replacements. Moreover, LED lighting emits lower levels of greenhouse gases and contains no hazardous materials such as mercury, aligning with global sustainability initiatives and regulations.

Ongoing advancements in LED technology, including improvements in luminous efficacy, color rendering, and smart lighting capabilities, continue to expand the application scope and appeal of LED lighting solutions. While LED lighting initially carried a higher upfront cost compared to traditional alternatives, economies of scale and technological advancements have driven prices down, making LED lighting increasingly accessible to consumers across various income brackets.

Diverse Applications of LEDs

LED bulbs and fixtures are widely adopted in homes for general lighting, accent lighting, and outdoor illumination, offering homeowners energy savings, aesthetic appeal, and enhanced functionality. From offices and retail spaces to hotels and restaurants, LED lighting solutions are favored for their ability to create inviting atmospheres, optimize workspace functionality, and reduce operational costs.

In industrial settings such as warehouses, factories, and manufacturing facilities, LED lighting’s durability, efficiency, and low maintenance requirements make it the preferred choice for enhancing productivity and safety. LED technology also enables dynamic and customizable outdoor lighting designs, illuminating landmarks, bridges, facades, and landscapes with precision and energy efficiency.

Order Your Sample Copy of the LED Lighting Market Size, Share & Trends Analysis Report By Product (Lamps, Luminaires), By Application, By Installation Type, By Sales Channel, By End-use, By Region, And Segment Forecasts, 2024 – 2030

Market Trends & Future Outlook

The LED lighting market exhibits robust growth across regions, with Asia Pacific emerging as a key hub due to manufacturing prowess and increasing investments in infrastructure and urban development. North America and Europe follow closely, driven by stringent energy efficiency regulations and growing consumer awareness of environmental sustainability.

As the industry continues to mature, future developments are poised to focus on enhancing connectivity, automation, and sustainability. Smart lighting systems powered by IoT technology will enable remote monitoring, energy management, and personalized lighting experiences, further revolutionizing how we illuminate our surroundings.

Connectivity and IoT Integration: The integration of LED lighting with IoT technology will enable the creation of smart lighting systems that offer unprecedented levels of control, customization, and energy efficiency. These systems will allow users to adjust lighting settings remotely via smartphones or voice commands, optimizing comfort, productivity, and energy savings.

IoT-enabled LED lighting solutions will also gather and analyze data on occupancy patterns, environmental conditions, and energy consumption, providing valuable insights for building management and optimization. This data-driven approach will facilitate predictive maintenance, adaptive lighting schemes, and resource allocation strategies, further enhancing operational efficiency and cost savings.

Sustainable Innovations: With a growing emphasis on sustainability and resource conservation, future developments in LED lighting will focus on circular economy principles, including product design for disassembly, remanufacturing, and material recycling. Manufacturers can explore eco-friendly materials, such as biodegradable polymers and recycled components, to minimize environmental impact throughout the product lifecycle.

Recently, the German government revised its energy plan by shutting down 3 nuclear

power reactors and is rapidly phasing out nuclear-power energy production. The shutdown is expected to result in gaps in energy production. The developments

in the nuclear energy policy are expected to accelerate the demand for renewable energy sources and energy-efficient lighting solutions. Lighting vendors can contribute to the demand for energy-efficient lights by developing more efficient lighting technologies and developing new LED lighting solutions.

Advancements in energy harvesting technologies, such as kinetic energy harvesting and solar-powered lighting, will enable the development of self-sustaining LED lighting solutions. These innovations will enhance off-grid lighting capabilities, particularly in remote or rural areas with limited access to electricity, promoting social equity and economic development.

Human-centric Lighting: Human-centric lighting solutions are expected to prioritize creating dynamic lighting environments that mimic natural daylight patterns, fostering better sleep quality, mood regulation, and cognitive function. These advancements would have profound implications for various settings, including healthcare facilities, educational institutions, and workplace environments, where lighting plays a critical role in enhancing wellness and productivity.

Collaborative Ecosystems: Future developments in the LED lighting market will involve collaboration across diverse industries, including technology, architecture, healthcare, and urban planning. Cross-disciplinary partnerships will drive innovation, foster knowledge exchange, and address complex challenges related to sustainability, urbanization, and human well-being.

To conclude, the future of the LED lighting market is characterized by connectivity, sustainability, human-centricity, and collaboration. By embracing emerging technologies, adopting circular economy practices, and prioritizing user-centric design principles, the LED lighting industry is poised to illuminate a brighter, more sustainable future for generations to come.

Acuity Brands, Inc., Cree Lighting USA LLC, Dialight, Halonix Technologies Private Limited, Siteco GmbH, Syska, YEELIGHT, Zumtobel Group Ag, LSI Industries Inc., Nanoleaf, Panasonic Corporation, SAVANT TECHNOLOGIES LLC, Seoul Semiconductor Co., Ltd., and Signify Holding are some of the leading companies in the LED lighting market.

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Driving Efficiency: Insights into the Positive Displacement Pumps Industry 2023-2030

Positive Displacement Pumps Industry Data Book | Forecast 2030

The economic value generated by the positive displacement pump industry was estimated at approximately USD 18.35 billion in 2022. The demand from various industries such as oil & gas, chemicals, pharmaceuticals, and water treatment is driving this market’s growth. Positive displacement pumps, known for their precision and ability to handle a wide range of fluids, were increasingly adopted for critical applications where accuracy and reliability were paramount. Technological advancements, including the integration of smart and energy-efficient features, were enhancing the overall outlook of the sector. However, the specific outlook can be influenced by economic conditions, technological developments, and industry trends, so it is advisable to check more recent sources for the latest information.

Access the Global Positive Displacement Pumps Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Positive displacement pumps transfer the fluid mechanically by repeatedly enclosing a fixed volume with the help of seals or valves. The pump’s action is cyclic, which is driven by screws, lobes, diaphragms, vanes, or gears. These are preferred in the oil & gas industry mainly because of the limitations of the centrifugal pumps. Positive displacement pumps work at lower speeds which makes them less prone to damages caused by high viscosity oils and slurries. These are used when applications require accurate dosing. The industry is further segmented into reciprocating and rotary pumps.

The rise of Industrial IoT is poised to transform the manufacturing environment by developing a digitally connected ecosystem. End-users across multiple industry verticals are eager to invest in IoT technologies that enable them to make their assets smarter and more intuitive in the current context, with increased demand to control operating expenditure and improve production efficiency. This trend is influencing the positive displacement pumps industry, where several leading and niche manufacturers are actively investigating IoT-based solutions to integrate intelligence into their product offerings.

The integration of IoT in positive displacement pumps has revolutionized the industrial landscape by enhancing efficiency, predictive maintenance, and overall performance. IoT-enabled pumps gather real-time data, allowing for continuous monitoring of the key parameters such as pressure, temperature, and flow rates. This data is then analyzed to predict potential issues, enabling proactive maintenance to prevent downtime. Additionally, IoT facilitates remote monitoring and control, optimizing operations and reducing the need for on-site interventions. The connectivity and data-driven insights provided by IoT, empower businesses to make informed decisions, improve energy efficiency, and extend the lifespan of positive displacement pumps, thereby positively impacting the market through increased reliability and cost-effectiveness.

Order your copy of the Free Sample of “Positive Displacement Pumps Industry Data Book – Rotary Pumps and Reciprocating Pumps Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Rotary Pumps Market Report Highlights

The gear pump segment accounted for the largest share of 34.3% in 2023 owing to the characteristics of the pump that involve meshing of gears to generate pressure difference so that transfer of fluids can be done from one point to another

The oil & gas segment accounted for the largest revenue share of 27.3% in 2023 as rotary pumps are effectively used in the oil & gas industry for tasks, such as moving crude oil from wellheads to storage tanks, facilitating transfers between storage tanks, and handling the loading & unloading processes involving tankers and pipelines

Asia Pacific accounted for the largest share of 40.4% in 2023 due to growth in the agriculture and chemical & food processing industries. Furthermore, increased government expenditure in the water treatment and construction sector is expected to drive market growth

Middle East & Africa accounted for the second-largest CAGR of 5.1% from 2024 to 2030 owing to the rising oil production in the well-developed oil & gas industry

Atlas Copco AB expanded its product mix for rotary pumps by introducing new dry rotary vane vacuum pumps under its DVS Series in May 2023. This new product has product attributes, such as oil-free, low noise creation, and non-contamination of process, and is likely to reinforce the company’s position in the rotary vane pump segment

Go through the table of content of Positive Displacement Pumps Industry Data Book to get a better understanding of the Coverage & Scope of the study

Reciprocating Pumps Market Report Highlights

Based on type, the diaphragm pump segment held the largest revenue share of 57.6% in 2023. A diaphragm pump employs a diaphragm composed of flexible materials such as rubber or plastics to convey fluids instead of rod & piston assembly

In terms of end-use, the oil & gas segment held the largest revenue share of 24.2% in 2023. Reciprocating pumps are effectively employed in the oil and gas industry for tasks such as upstream exploration and production (ExoPE) of hydrocarbons

The Asia Pacific region held the largest revenue share of 40.1% in 2023 due to growth in agriculture, chemical & food processing industries. Furthermore, increased government expenditure in water treatment and construction sector is expected to drive the market growth

The Middle East and Africa region is anticipated to grow at the second fastest CAGR of 5.6% over the forecast period, owing to the rising oil production in the well-developed oil & gas industry

In August 2023, LEWA GmbH launched new pump sizes for diaphragm metering pumps, which are designed to cater to the needs of the chemical industry, food industry, and oil & gas industry. These new pump sizes can handle flow rates up to 1000 l/h

Competitive Insights

Major market players include Ingersoll Rand SPX Flow; Alfa Laval; Viking Pump, Inc.; Grundfos; Schlumberger Limited; KSB Group; and Sulzer Ltd. Positive displacement pump manufacturers adopt strategies such as mergers & acquisitions, partnerships & joint ventures, new product developments, distributor agreements, new online channels, and geographical expansions, to gain greater market presence and cater to the ever-changing consumer requirements.

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