The Diaphragm Pumps Market size is valued at USD 5,926.9 million in 2021 and is expected to grow at a significant CAGR of 5.5% during the forecast period 2022 to 2028. The global market provides a detailed overview of the Diaphragm Pumps market and that can be segmented by mechanism, by operation, by discharge pressure, and end-user. By mechanism, the diaphragm pumps market has been segmented into Air-Forced, Electrically Operated. The air-forced segment is likely to be the largest and fastest-growing segment in terms of Mechanism. Based on the operation the diaphragm pumps market is segmented into Single Acting, Double Acting. Among these, the single-acting segment is expected to have the fastest growing market during the forecast period 2022-2028. Based on discharge pressure, the diaphragm pump market is segmented into Up to 80 bar, 80 bar to 200 bar, and Above 200 bar. The up to 80 bar segment accounts for the largest share in 2021. 80 bars to 200 bars are the second-largest share during the forecast period 2021-2028. The end-user segment has been segregated into Water & Wastewater, Oil & Gas, Chemicals, Pharmaceuticals, Food & Beverage, and Others. The water & wastewater segment is expected to dominate other segments in the diaphragm pumps market. according to Precision Business Insights. By region, the Asia Pacific market is expected to witness the highest market share during the forecast period. According to the International Monetary Fund (IMF), the region’s economy is projected to grow from 6.5% in FY 2021 to 5.7% in FY2022. Water & wastewater treatment, pharmaceuticals, chemicals, oil & gas, power generation, and mining are amongst the major end-user of diaphragm pumps in this region.
In March 2022, IDEX Corporation acquired Nexight LLC and its market-leading businesses – Envirosight, WinCan, MyTana, and Pipeline Renewal Technologies (PRT)