Despite subdued growth in recent years due to low oil prices and a sluggish North American economy, several factors are causing resurgence in the North American diaphragm pumps market. These include robust need for air-operated double-diaphragm (AODD) pumps and metering pumps in the water and chemicals industries, and booming infrastructural development. Growth will be augmented by strong sales of diaphragm pumps in the oil and gas, food and beverage, power generation, and pharmaceutical sectors.
Original equipment manufacturers (OEMs) and suppliers will need to expand channel, distribution, and partnerships initiatives, and consider acquisitions to drive product line expansion, customer base and market share in a competitive and fragmented ecosystem.
A focus on infrastructure development will help Canada dominate the diaphragm pumps market in North America until 2019, after which its percentage share of the total industry will begin to decline. Trends and developments driving growth include:
- Low initial cost of purchase;
- Cheaper repair and maintenance, and easier installation
- Wide application range for pumping fluids with varying viscosities;
- Rising focus on the development of the water and wastewater industry in the US and Canada;
- Booming organic chemical industry, buoyed by focus on shifting consumer preferences in Canada;
- Stabilization of energy and commodity prices;
- Advancements in technology, improved labor force skills, and enhanced productivity levels;
- Growth in replacement demand for pumps and pump parts; and
- Accuracy of mechanical diaphragm pumps in critical processes.
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Regards,
Industrial Automation & Process Control team
Frost & Sullivan
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