- 14 November 2007 -

NA positive displacement market could reach US$3 billion

The North American pump market earned revenues of US$2.30 billion in 2006 and could reach US$3.01 billion in 2013, says a new report by Frost & Sullivan, North American Positive Displacement Pumps Markets.

The peristaltic pumps segment of the positive displacement market is likely to grow the fastest, with a projected compound annual growth rate of 7.5% during 2006 to 2013.

Positive displacement (PD) pumps continue to gain favour due to their relatively compact design, high-viscosity performance, continuous flow regardless of differential pressure, and ability to handle high differential pressure, the report says, and this is particular true in the North American market which could experience increased revenues due to investments in specialized and sophisticated technologies.

"Saturated traditional industry applications compel manufacturers to penetrate new markets," said Frost & Sullivan senior research analyst Dushyant Mehra.

"The PD pumps market has traditionally been highly application focused, with different pump types being used in specific applications in matured end-user industries, such as chemical processing, pulp and paper, and power generation."

www.frost.com

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