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Drum Pump Market Share Charges Ahead with Huge Growth by 2016-2024

Press Release   •   Nov 27, 2017 08:05 EST

Drum pump is an innovative solution to empty the liquids from the drums, tanks, barrels, etc. The benefit of using the drum pump is that it is small, portable, and light in weight. The drum pump is used for the transferring of the gasoline, vegetable oil, hydraulic oil, alcohol, diesel oil, engine oil, milk, acid, and any other type of liquids.

In the market, there is now the availability of the drum pumps that have portable MDF progressive cavity and have PTFE housing, titanium internals, and explosion proof motors. On the suction side, a positive pressure is applied which helps in the transfer of the fluids and the pumping materials are introduced.

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The global market for the drum pump is fragmented into its product type, material, and by the application. Based on the type of the product, the global market is segregated into hydraulic, pneumatic, electric driven, rotary/manual pump, and others. Based on the type of the material, the market is categorized into metal and plastic. The plastic segment is sub-divided into polypropylene, chlorinated polyvinyl chloride, polyvinylidene fluoride, and others. The metal segment is sub-categorized into cast iron, stainless steel, aluminum, and others. Based on the application, the market is bifurcated into chemical plants, manufacturing plants, wastewater treatment, petroleum industry, food processing plants, automotive industry, laboratories, and others.

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In the coming years, the market for the drum pump will grow at a significant rate. The key factor that is contributing towards the growth of the market is the increasing demand for the drum pump from the several end-user industries such as chemical, lubricant, oil, milk, and others. Different industries follow the concept that they export or import the liquid products in huge containers in order to save their shipping cost. In order to dispense the liquid from the big containers, the drum pump is required thus increasing its demand in the global market. With the help of the drum pump, the liquids are transferred at a good speed and there is no spillage thus being cost-effective. The use of the drum pump saves a lot of time and there is no necessary requirement of manpower for the liquid dispensing. Owing to all these factors the demand for the drum pumps are triggering in several industries.

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The region that anticipates having a large market in the drum pump is the North America. The factor that contributes to the growth of the market in this region is the increasing preference of the manufacturers towards the drum pump as it is a cost-effective and a proficient dispenser tool. The market is growing at a very good rate in the Latin American region. The other significant markets for the drum pump are the Middle East and Eastern Europe. The noticeable change in the drum pump market is that many of the manufacturers have shifted their base in the Asia Pacific region especially in the emerging economies such as India and China.

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The key market players that are involved in the drum pump market include FLUX, Iwaki Pumps Australia Pty Ltd., Finish Thompson Inc., NZ Pump Company Inc., Fluidyne Instruments Pvt. Ltd., Kecol Pumping Systems Ltd., Jessberger GmbH., Lutz Pumps, Inc., Graco, and others.

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