Eccentric Rotor Pump Market: Introduction
Eccentric rotor pump is a mechanical device used for transferring various types of fluid in different end use industries and is highly preferred for food-and-beverage, water purification, pharmaceutical and cosmetic-manufacturing applications. Eccentric rotor pumps are also known as eccentric disc pumps in the global market.
Various kinds of eccentric rotor pumps are available in the market, used in an array of applications across the globe. The eccentric rotor pump has several advantages over the competing pump lines in comparison with the conventional hydraulic pumps.
Additionally, the eccentric rotor pumps usually does not require any mechanical seals which eliminates the leaks and thus reduces the maintenance time. The eccentric pumps are directly coupled with the gear reduction unit or the motor eliminating the use of magnets. The eccentric rotor pump possess ideal properties such as excellent flushing, clean-in-place capability without the disassembly.
The process of product recovery from the pipelines which may require expensive recovery systems such as pigging can be replaced by an eccentric rotor pump, hence creating significant opportunity for expansion in the global market. The market for Eccentric Rotor Pump is estimated to grow at a good pace owing to its application in almost all the end use industry.
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Eccentric Rotor Pump Market: Dynamics
Global demand for eccentric rotor pump is directly correlated to industrial development and demand for clean-in-place activities worldwide. Governments of developing countries such as China and India are focusing on urbanization, which in turn is anticipated to fuel demand for eccentric rotor pumps particularly in domestic water & wastewater treatment industries. The Chinese government targeted urban wastewater infrastructure investments of around US$ 60 Bn in 2015.
Between the shift in commodity prices and costs, increased competition from prominent players in emerging markets, growing strength of private label brands, high quality food and beverage creates prominent pressure on the manufacturers.
Furthermore, with stringent regulations and the growing demand for scientific verification, cleanliness & quality checks, reduction in wastage of food & beverages and attaining high quality & traceability is now an industry necessity. Hence, the use of eccentric rotor pumps which are healthy and helps in recovering the leftover products is lifting the food & beverage market upwards.
Owing to their enhanced properties, eccentric rotor pump have abundant applications in the FMCG industry. The eccentric rotor pump market is forecasted to grow on account of its growing number of applications. Adding to that, further development is underway to produce safer and highly operational eccentric rotor pumps in the global market.
The eccentric rotor pump market is estimated to grow as regulatory authorities are pressing manufacturers to use products which are more ecofriendly and minimize wastage of natural resources and products during the production process.
The eccentric rotor pump market has a lot of scope in the research and development division; researchers and scientists are introducing new eccentric rotor pumps that are more efficient and economical.
Since food and beverage safety is a key concern for manufacturers now, they are opting for cost intensive products such as the eccentric rotor pump; this is expected to fuel the growth of the eccentric rotor pump market. The market for eccentric rotor pump is forecasted to grow at a healthy CAGR in the coming future.
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Eccentric Rotor Pump Market: Segmentation
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Eccentric Rotor Pump Market: Regional Outlook
Asia-Pacific is estimated to hold a prominent share of the eccentric rotor pump market. Developing countries, such as India and China, are significant players boosting the demand for infrastructural development, which in turn is supporting growth of the eccentric rotor pump market. Furthermore, automation and up gradation of technology are also propelling the demand for the global eccentric rotor pump market.
Europe, North America and the Middle East and Africa are continuously witnessing infrastructural growth, which is creating a lucrative demand for eccentric rotor pumps. Attributing to this, the eccentric rotor pump market is estimated to grow in the upcoming future in the mentioned regions.
Various end-user industries in all the developed and developing countries, particularly oil & gas, power and chemicals, are undertaking refurbishment activities of their plants and various pumping systems in order increase production efficiency.
Rising demand for effective industrial infrastructure, including that for energy and water in developing regions and retrofitting, upgrades and replacement of ageing components in developed regions is driving growth of the eccentric rotor pump over the forecast period.
Players operating in the aftermarket sales channel for eccentric rotor pump in particular are focusing on capitalizing on this ongoing trend and hence owing to the aforementioned factors the global market for eccentric rotor pump is estimated to grow with a healthy grow rate over the forthcoming years.
Product development is expected to remain the major focus area of leading players in the market. Enhancing product quality by implementing new technologies, tough and long-lasting pumps with added features at a competitive price point.
Moreover, focusing on enhancing the pumping capacity for the consumers with higher operational flexibility to reduce the overall cost as well the response time. Some of the key manufacturers in the global eccentric rotor pump market are Dover Corporation (PSG), AxFlow Holding AB, Spin Pumps, HURLL NU-WAY, LORENTZ, among others
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