Rotary Pumps Market Report

Modern technologies that are rapidly reshaping the industrial automation sector include the Internet of Things (IoT) and Industry 4.0. Pump manufacturers are looking for ways to profit from modern technology's growing dominance in industrial sectors by manufacturing highly efficient and cost-effective pumps. Improved smart manufacturing facilities with cloud-connected pumps are expected to provide important information such as machine status. Thus, offering new smart rotary pump designs and establishing one's position as a complete solution provider in the rotary pumps market is expected to emerge as a key industry trend in the coming years.

For instance, Sensata Technologies, announced the launching of a new asset monitoring system in May 2022. This system offers predictive maintenance for rotating equipment and gives relevant data to plant managers. The sensors are designed to be easily retrofitted into a variety of existing rotary pumps. Data from the sensor is evaluated for irregularities at the edge by Nanoprecise utilising strong AI-driven algorithms for rotating assets, and then forwarded to the Sensata IQ cloud-based platform for further analysis. Furthermore, the application of advanced agricultural technologies to boost total factor productivity in order to satisfy the rising demand for agricultural goods is likely to drive the market for rotary pumps.

Increased taxes and charges, tariff implementation, and production delays in metal ore-producing countries have all had a detrimental influence on the pricing of raw materials such as stainless steel. Due to the costs of raw materials fluctuate, different versions of rotary pumps on the market use a variety of materials sourced from a variety of sources. These situations make it difficult for manufacturers to set pump prices. Purchasing bulk quantities of raw materials raises inventory and manufacturing expenses. These factors may result in a drop in rotary pump revenue, which would have a negative influence on market growth over the forecast period.

In addition, the initial investment for rotary pumps is often higher than for other pump types, creating a financial hurdle for smaller enterprises or budget-constrained industries. Additionally, the maintenance and repair costs can be substantial, adding to the overall operational expenses. These pumps are not suitable for applications that need high precision or minimal pulsation because of design limitations. Moreover, the market contends with stiff competition from alternative technologies such as centrifugal, peristaltic, and diaphragm pumps, which are continuously evolving and may offer more suitable solutions for specific needs.

Major industry leaders utilize strategies that focus on launching new products, merging with competitors, and purchasing companies to grow their customer base and enhance their range of products. In June 2024, Ingersoll Rand Inc. significantly expanded its market presence by acquiring ILC Dover, along with Complete Air and Power Solutions, Del PD Pumps & Gear Pvt Ltd., and Fruvac Ltd. This strategic move positions Ingersoll Rand to capture a broader market share in rotary pumps and related sectors. The integration of ILC Dover enhances their portfolio with advanced technologies tailored for life sciences, including innovative solutions for biopharma and cell therapy applications. This acquisition strengthens Ingersoll Rand's position in the growing rotary pump market.

Furthermore, in March 2023, Flowserve Corporation revealed the SIHI Boost UltraPLUS dry-running vacuum pump, a significant advancement in rotary pump technology. This innovative unit enhances batch processing efficiency by reducing cycle times by over 50%. With its cutting-edge design, the UltraPLUS offers unprecedented pump-down speeds and reduced re-acceleration times, thanks to improved cooling and durable materials. This advancement builds on the 2013 SIHI Boost series, promising higher performance and energy efficiency in a compact form.

Asia-Pacific is projected to dominate the global rotary pump market due to increased product demand in the wastewater, mining, power, and chemicals industries. To capitalise on the cost-effective qualities of rotary pumps and enhance revenue from business in India, China, and other high-potential markets, industry participants are shifting production operations to Asian nations with lower labour costs. According to the Global Energy Institute, the Asia Pacific region will account for approximately 65% of the increase in developing country energy consumption. Focusing only at the rate of increase, demand in India is expected to more than double by 2040, while demand in South East Asia is expected to grow by 67% and China's consumption is expected to climb 26%. The Asia Pacific region will utilise 46% of the world's energy by 2040. The adoption of progressive capacity pumps, which are the most common in the power generating industry due to their efficiency benefits, is estimated to grow. China is a significant manufacturer of rotary lobe pumps in Asia-Pacific, and its products are utilised in a wide range of applications. Pharmaceuticals are another key commercial use. China is investing a lot of effort into local drug manufacturing. As a result, the pharmaceutical business has a growing requirement for rotary lobe pump installation. In June 2022, China released its 14th Five-Year Plan. The IEA has set an ambitious goal of generating 33% of its electricity from renewable sources by 2025, with a target of 18% for wind and solar technologies. Throughout the forecast period, these factors are expected to have a major impact on market growth in this region.