Explosion Proof Diesel Pump Market
Explosion-Proof Diesel Pump Market Forecasts to 2030 - Global Analysis By Type (Diaphragm Pumps, Gear Pumps and Centrifugal Pumps), End User (Oil & Gas, Mining, Construction, Agriculture and Other End Users) and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $63.9 BN |
|
Projected Year Value (2030) |
US $98 BN |
|
CAGR (2023 - 2030) |
6.3% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Explosion-Proof Diesel Pump Market is accounted for $63.9 billion in 2023 and is expected to reach $98 billion by 2030 growing at a CAGR of 6.3% during the forecast period. An explosion-proof diesel pump is a specialized industrial pump designed for use in potentially hazardous environments where the presence of flammable gases, vapours, or dust could lead to the risk of an explosion. These pumps are engineered to prevent the ignition of flammable substances and provide a high level of safety when handling and transferring diesel fuel, which is commonly used in various industrial applications.
Market Dynamics:
Driver:
Industrial growth
As industries expand and develop, their demand for reliable and safe equipment, including explosion-proof diesel pumps, increases for various applications. Explosion-proof diesel pumps are essential to the oil and gas sector for a number of operations, such as dewatering, fuel transfer, and drilling. Additionally, there are now more opportunities for explosion-proof pumps to be used in backup power systems due to the growth of the renewable energy sector, particularly wind and solar power. These factors propel the market growth,
Restraint:
High cost
Explosion-proof diesel pumps are engineered with specific design features and materials to prevent sparks, overheating, and other potential sources of ignition in hazardous environments. These design considerations add complexity and cost to the manufacturing process. These pumps have a much higher initial acquisition cost than their non-explosion-proof equivalents. This upfront cost could turn off potential customers, especially in industries where efficiency is crucial. As a result, one of the main obstacles to market expansion is the high cost.
Opportunity:
Eco-friendly solutions
Eco-friendly diesel pumps use less fuel and emit fewer greenhouse gases because they are made to run more efficiently. This aligns with global efforts to reduce carbon footprints and energy waste. Cutting-edge technologies can be incorporated into contemporary diesel pump systems to minimize harmful emissions. This is especially crucial for applications where reducing emissions is necessary to comply with regulations and improve the quality of the air. Therefore, eco-friendly solutions are the factors boosting market demand.
Threat:
Stringent regulations
Governments and safety authorities demand rigorous compliance with safety standards for hazardous environments, compelling manufacturers to invest in extensive testing, certifications, and compliance documentation. Meeting these requirements adds to manufacturing costs and complexities. Constantly evolving safety and environmental standards necessitate ongoing product updates, further raising operational expenses. Failure to meet these stringent regulations can result in legal consequences and damage to a company's reputation. This can limit market entry and hinder growth.
Covid-19 Impact
The COVID-19 pandemic has had a notable impact on the explosion-proof diesel pump market. Lockdowns and restrictions in various regions caused a decline in industrial activities. Over the course of the pandemic, demand for explosion-proof diesel pumps decreased in sectors such as construction, chemicals, and oil and gas. Moreover, when safety and adherence to hazardous area regulations were given top priority in a variety of industries handling flammable materials, the requirement for explosion-proof equipment, including diesel pumps, became even more crucial.
The diaphragm pumps segment is expected to be the largest during the forecast period
The diaphragm pumps segment is estimated to hold the largest share. These pumps are designed to meet strict safety standards, making them a preferred choice in hazardous environments. As positive displacement pumps, they ensure accurate and regulated fuel transfer by moving a fixed volume of fluid with each cycle. This is critical for uses where exact metering is required, like refuelling. The flexible diaphragm of a diaphragm pump serves as a barrier between the diesel fuel and the surrounding air and has a sturdy construction. This design prevents leaks and cross-contamination, a vital feature when working with flammable fuels in potentially explosive atmospheres.
The oil & gas segment is expected to have the highest CAGR during the forecast period
The oil & gas segment is anticipated to have lucrative growth during the forecast period. In the oil and gas industry, there is a constant need to transport flammable liquids such as crude oil, gasoline, and volatile chemicals. In order to ensure the safe and effective transfer of these substances while lowering the risk of fire or explosions, explosion-proof diesel pumps are employed. Explosion-proof diesel pumps are used in emergency dewatering situations to prevent potential disasters caused by the mixing of hydrocarbons and water. Additionally, because offshore oil and gas platforms are frequently located in harsh environments, explosion-proof pumps are essential to maintaining security and dependability in these far-off places.
Region with largest share:
North America commanded the largest market share during the extrapolated period. North America is characterized by stringent safety standards and regulations, making the demand for explosion-proof diesel pumps relatively high. Due to their hazardous environments, industries like mining, oil and gas, and chemical manufacturing are major users of such equipment, which further propels market growth. Furthermore, explosion-proof equipment innovation and technological advancements are centered in North America, due to the abundance of producers and suppliers in the area, there is fierce competition and ongoing product development.
Region with highest CAGR:
Europe is expected to witness profitable growth over the projection period. Europe is an important continent with a wide range of nations, each with a distinct industrial landscape and regulatory framework. The stringent safety standards and environmental regulations imposed by European countries such as Germany, the UK, France, and others are driving the need for explosion-proof diesel pumps. More developed industrialized countries might have more established markets with steady demand, but Eastern European emerging economies can present opportunities for expansion. Important industries like mining, energy, and logistics, as well as the existence of numerous industrial clusters, further increase the demand for explosion-proof equipment in this region.
Key players in the market
Some of the key players in the Explosion-Proof Diesel Pump Market include TOPS Equipment and Manufacturing, GESPASA, Beijing Beijieer Electromechanical Device, BTS Engineering, Aulank, Debem, Sunyear and PIUSI.
Key Developments:
In July 2019, Gespasa, has released the new model BRM-88 ATEX manual rotary hand pump for the transfer of petrol, solvents and fluids compatible with Viton. The BRM-8880A ATEX combines the MG-80A flow meter and the BRM-88 ATEX pump. The pump is adaptable for barrels between 50-200 litres and has a 2-inch BSP bung adapter for connecting to 205 litre drums and a telescopic suction tube which is adjustable in height to suit different barrel sizes.
Types Covered:
• Diaphragm Pumps
• Gear Pumps
• Centrifugal Pumps
End Users Covered:
• Oil & Gas
• Mining
• Construction
• Agriculture
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Explosion-Proof Diesel Pump Market, By Type
5.1 Introduction
5.2 Diaphragm Pumps
5.3 Gear Pumps
5.4 Centrifugal Pumps
6 Global Explosion-Proof Diesel Pump Market, By End User
6.1 Introduction
6.2 Oil & Gas
6.3 Mining
6.4 Construction
6.5 Agriculture
6.6 Other End Users
7 Global Explosion-Proof Diesel Pump Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 TOPS Equipment and Manufacturing
9.2 GESPASA
9.3 Beijing Beijieer Electromechanical Device
9.4 BTS Engineering
9.5 Aulank
9.6 Debem
9.7 Sunyear
9.8 PIUSI
List of Tables
1 Global Explosion-Proof Diesel Pump Market Outlook, By Region (2021-2030) ($MN)
2 Global Explosion-Proof Diesel Pump Market Outlook, By Type (2021-2030) ($MN)
3 Global Explosion-Proof Diesel Pump Market Outlook, By Diaphragm Pumps (2021-2030) ($MN)
4 Global Explosion-Proof Diesel Pump Market Outlook, By Gear Pumps (2021-2030) ($MN)
5 Global Explosion-Proof Diesel Pump Market Outlook, By Centrifugal Pumps (2021-2030) ($MN)
6 Global Explosion-Proof Diesel Pump Market Outlook, By End User (2021-2030) ($MN)
7 Global Explosion-Proof Diesel Pump Market Outlook, By Oil & Gas (2021-2030) ($MN)
8 Global Explosion-Proof Diesel Pump Market Outlook, By Mining (2021-2030) ($MN)
9 Global Explosion-Proof Diesel Pump Market Outlook, By Construction (2021-2030) ($MN)
10 Global Explosion-Proof Diesel Pump Market Outlook, By Agriculture (2021-2030) ($MN)
11 Global Explosion-Proof Diesel Pump Market Outlook, By Other End Users (2021-2030) ($MN)
12 North America Explosion-Proof Diesel Pump Market Outlook, By Country (2021-2030) ($MN)
13 North America Explosion-Proof Diesel Pump Market Outlook, By Type (2021-2030) ($MN)
14 North America Explosion-Proof Diesel Pump Market Outlook, By Diaphragm Pumps (2021-2030) ($MN)
15 North America Explosion-Proof Diesel Pump Market Outlook, By Gear Pumps (2021-2030) ($MN)
16 North America Explosion-Proof Diesel Pump Market Outlook, By Centrifugal Pumps (2021-2030) ($MN)
17 North America Explosion-Proof Diesel Pump Market Outlook, By End User (2021-2030) ($MN)
18 North America Explosion-Proof Diesel Pump Market Outlook, By Oil & Gas (2021-2030) ($MN)
19 North America Explosion-Proof Diesel Pump Market Outlook, By Mining (2021-2030) ($MN)
20 North America Explosion-Proof Diesel Pump Market Outlook, By Construction (2021-2030) ($MN)
21 North America Explosion-Proof Diesel Pump Market Outlook, By Agriculture (2021-2030) ($MN)
22 North America Explosion-Proof Diesel Pump Market Outlook, By Other End Users (2021-2030) ($MN)
23 Europe Explosion-Proof Diesel Pump Market Outlook, By Country (2021-2030) ($MN)
24 Europe Explosion-Proof Diesel Pump Market Outlook, By Type (2021-2030) ($MN)
25 Europe Explosion-Proof Diesel Pump Market Outlook, By Diaphragm Pumps (2021-2030) ($MN)
26 Europe Explosion-Proof Diesel Pump Market Outlook, By Gear Pumps (2021-2030) ($MN)
27 Europe Explosion-Proof Diesel Pump Market Outlook, By Centrifugal Pumps (2021-2030) ($MN)
28 Europe Explosion-Proof Diesel Pump Market Outlook, By End User (2021-2030) ($MN)
29 Europe Explosion-Proof Diesel Pump Market Outlook, By Oil & Gas (2021-2030) ($MN)
30 Europe Explosion-Proof Diesel Pump Market Outlook, By Mining (2021-2030) ($MN)
31 Europe Explosion-Proof Diesel Pump Market Outlook, By Construction (2021-2030) ($MN)
32 Europe Explosion-Proof Diesel Pump Market Outlook, By Agriculture (2021-2030) ($MN)
33 Europe Explosion-Proof Diesel Pump Market Outlook, By Other End Users (2021-2030) ($MN)
34 Asia Pacific Explosion-Proof Diesel Pump Market Outlook, By Country (2021-2030) ($MN)
35 Asia Pacific Explosion-Proof Diesel Pump Market Outlook, By Type (2021-2030) ($MN)
36 Asia Pacific Explosion-Proof Diesel Pump Market Outlook, By Diaphragm Pumps (2021-2030) ($MN)
37 Asia Pacific Explosion-Proof Diesel Pump Market Outlook, By Gear Pumps (2021-2030) ($MN)
38 Asia Pacific Explosion-Proof Diesel Pump Market Outlook, By Centrifugal Pumps (2021-2030) ($MN)
39 Asia Pacific Explosion-Proof Diesel Pump Market Outlook, By End User (2021-2030) ($MN)
40 Asia Pacific Explosion-Proof Diesel Pump Market Outlook, By Oil & Gas (2021-2030) ($MN)
41 Asia Pacific Explosion-Proof Diesel Pump Market Outlook, By Mining (2021-2030) ($MN)
42 Asia Pacific Explosion-Proof Diesel Pump Market Outlook, By Construction (2021-2030) ($MN)
43 Asia Pacific Explosion-Proof Diesel Pump Market Outlook, By Agriculture (2021-2030) ($MN)
44 Asia Pacific Explosion-Proof Diesel Pump Market Outlook, By Other End Users (2021-2030) ($MN)
45 South America Explosion-Proof Diesel Pump Market Outlook, By Country (2021-2030) ($MN)
46 South America Explosion-Proof Diesel Pump Market Outlook, By Type (2021-2030) ($MN)
47 South America Explosion-Proof Diesel Pump Market Outlook, By Diaphragm Pumps (2021-2030) ($MN)
48 South America Explosion-Proof Diesel Pump Market Outlook, By Gear Pumps (2021-2030) ($MN)
49 South America Explosion-Proof Diesel Pump Market Outlook, By Centrifugal Pumps (2021-2030) ($MN)
50 South America Explosion-Proof Diesel Pump Market Outlook, By End User (2021-2030) ($MN)
51 South America Explosion-Proof Diesel Pump Market Outlook, By Oil & Gas (2021-2030) ($MN)
52 South America Explosion-Proof Diesel Pump Market Outlook, By Mining (2021-2030) ($MN)
53 South America Explosion-Proof Diesel Pump Market Outlook, By Construction (2021-2030) ($MN)
54 South America Explosion-Proof Diesel Pump Market Outlook, By Agriculture (2021-2030) ($MN)
55 South America Explosion-Proof Diesel Pump Market Outlook, By Other End Users (2021-2030) ($MN)
56 Middle East & Africa Explosion-Proof Diesel Pump Market Outlook, By Country (2021-2030) ($MN)
57 Middle East & Africa Explosion-Proof Diesel Pump Market Outlook, By Type (2021-2030) ($MN)
58 Middle East & Africa Explosion-Proof Diesel Pump Market Outlook, By Diaphragm Pumps (2021-2030) ($MN)
59 Middle East & Africa Explosion-Proof Diesel Pump Market Outlook, By Gear Pumps (2021-2030) ($MN)
60 Middle East & Africa Explosion-Proof Diesel Pump Market Outlook, By Centrifugal Pumps (2021-2030) ($MN)
61 Middle East & Africa Explosion-Proof Diesel Pump Market Outlook, By End User (2021-2030) ($MN)
62 Middle East & Africa Explosion-Proof Diesel Pump Market Outlook, By Oil & Gas (2021-2030) ($MN)
63 Middle East & Africa Explosion-Proof Diesel Pump Market Outlook, By Mining (2021-2030) ($MN)
64 Middle East & Africa Explosion-Proof Diesel Pump Market Outlook, By Construction (2021-2030) ($MN)
65 Middle East & Africa Explosion-Proof Diesel Pump Market Outlook, By Agriculture (2021-2030) ($MN)
66 Middle East & Africa Explosion-Proof Diesel Pump Market Outlook, By Other End Users (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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