Global Horizontal Acid Pumps Market Research Report – Segmentation By Pump (centrifugal pumps, diaphragm pumps, and peristaltic pumps), By End-user (chemical processing, petrochemical, pharmaceuticals, wastewater treatment, and others), By Application (acid transfer, circulation, dosing), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East - Africa) – Industry Forecast 2024 to 2032.

Updated On: June, 2024
ID: 14079
Pages: 150

Global Horizontal Acid Pumps Market Size (2024-2032):

The Global Horizontal Acid Pumps Market size is expected to grow with a CAGR of 4.8% during the forecast period 2024-2032. The market was valued at USD 2.61 billion in 2023 and is expected to reach USD 4 billion by 2032 from USD 2.74 billion in 2024.

Current Scenario of the Global Horizontal Acid Pumps Market

Horizontal acid pumps are specially designed pumps used to handle corrosive acids and other harsh chemicals in industries like chemicals, petrochemicals, and wastewater treatment. They have a horizontal orientation, with the shaft and impeller positioned parallel to the ground for easy maintenance. These pumps are made from corrosion-resistant materials like stainless steel to withstand the damaging effects of acids. They come with reliable sealing arrangements to prevent leaks and ensure safety. Their robust construction and efficient design allow them to handle demanding conditions while minimizing energy consumption. Horizontal acid pumps play a vital role in safely transferring corrosive liquids within industrial processes, ensuring smooth operations and worker safety.

MARKET DRIVERS

As the petrochemical sector grows, the demand for safe and efficient handling of aggressive chemicals increases. This drives the Horizontal Acid Pumps market as these pumps are designed to handle corrosive substances securely.

Industries seek reliable pumps to ensure smooth chemical transfer, leading to rising demand for horizontal acid pumps., worker safety is a top priority for industries dealing with corrosive acids. Horizontal acid pumps, equipped with advanced sealing and safety features, provide a secure solution. This focus on employee well-being drives the Horizontal Acid Pumps market as industries opt for these pumps to prevent leaks and accidents. The increased adoption of such pumps ensures a safer working environment while handling hazardous chemicals.

MARKET RESTRAINTS

The high initial costs of horizontal acid pumps can be a deterrent for budget-constrained industries.

These pumps are specially designed to handle corrosive substances, which requires the use of specialized materials and construction methods, leading to higher upfront expenses. Some industries may hesitate to invest in these pumps due to the financial burden, impacting the Horizontal Acid Pumps market growth in such segments.

MARKET OPPORTUNITIES

Continuous technological advancements in materials, design, and manufacturing processes present opportunities for the Horizontal Acid Pumps market. These innovations can lead to the development of more cost-effective and efficient pumps, making them appealing to a broader range of industries. With improved performance and reduced operational costs, horizontal acid pumps can find increased adoption in various sectors, driving market growth and expanding their applications in handling corrosive substances.

Exploring strategic partnerships with chemical manufacturers and other industries in need of acid-handling equipment can unlock new business opportunities for horizontal acid pump companies. By joining forces, they can create joint ventures, share expertise, and develop tailored solutions. Such collaborations can expand their customer base, increase market reach, and drive mutual growth, making strategic partnerships a promising opportunity in the Horizontal Acid Pumps market.

IMPACT OF COVID-19 ON THE GLOBAL HORIZONTAL ACID PUMPS MARKET

The COVID-19 pandemic had a significant impact on the Horizontal Acid Pumps market. During the initial outbreak, strict lockdown measures and disruptions in global supply chains led to project delays and reduced industrial activities, affecting the demand for pumps. Many industries, including chemical and petrochemical sectors, faced financial challenges, leading to cautious spending on new equipment like horizontal acid pumps. However, as the pandemic persisted, the need for chemical production and essential services remained, creating a modest demand for pumps. Manufacturers adapted by focusing on remote support and enhancing safety measures for employees. As vaccination efforts and economic recovery gained momentum, industrial activities gradually rebounded, positively impacting the Horizontal Acid Pumps market growth, which began to recover and stabilize.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2032

Base Year

2023

Forecast Period

2024 to 2032

CAGR

4.8%

Segments Covered

By Pump Type, Application, End-User, and Region.

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Grundfos, Flowserve Corporation, Sulzer Ltd., KSB SE & Co. KGaA, Xylem Inc., SPX Flow, Inc., EBARA Corporation, ITT Inc., The Weir Group PLC, IDEX Corporation, Verder Group, Metso Corporation, and Others.

SEGMENTAL ANALYSIS

Global Horizontal Acid Pumps Market Analysis By Pump Type

Centrifugal pumps are more dominating due to their widespread usage and efficiency in handling corrosive acids. Centrifugal pumps are commonly preferred for their robust construction, high flow capacity, and ability to handle various chemical fluids. They offer a reliable and cost-effective solution for acid transfer applications in industries like chemicals, petrochemicals, and wastewater treatment. While diaphragm and peristaltic pumps have their advantages, centrifugal pumps remain the dominant choice for their versatility and performance in acid-handling processes.

Global Horizontal Acid Pumps Market Analysis By End-User

The chemical processing industry is more dominating due to its extensive use of corrosive acids. Chemical processing plants require reliable pumps to transfer and circulate these aggressive chemicals, making horizontal acid pumps a vital component of their operations. While petrochemical, pharmaceutical, and wastewater treatment industries also use acid pumps, the higher demand from chemical processing plants and their ongoing expansion contribute to its dominance in the market.

Global Horizontal Acid Pumps Market Analysis By Application

Acid transfer is more dominating due to its widespread use in various industries. Horizontal acid pumps are extensively utilized for transferring corrosive acids from one location to another safely and efficiently. While circulation and dosing applications are also significant, acid transfer remains dominant because it is a fundamental requirement in chemical processing, petrochemical, and wastewater treatment industries, where the need for transferring corrosive substances is constant.

REGIONAL ANALYSIS

North America holds a big share of the horizontal Acid Pumps Market because it has a strong industry and many companies working in the field. They use acid pumps for tasks like oil and gas exploration and production. Europe also has a significant share in the market because it has a good manufacturing sector and industries like chemicals and pharmaceuticals that need acid pumps. The Asia-Pacific region is growing quickly in the market because countries like China and India are industrializing rapidly and need acid pumps for their industries. The Middle East and Africa have a presence in the market, too, because they have a lot of oil and gas activities that use acid pumps. Latin America is also promising in the market because countries like Brazil and Mexico are growing their industries and need acid pumps for tasks like mining and chemicals.

KEY PLAYERS IN THE GLOBAL HORIZONTAL ACID PUMPS MARKET

Companies playing a prominent role in the global horizontal acid pumps market include Grundfos, Flowserve Corporation, Sulzer Ltd., KSB SE & Co. KGaA, Xylem Inc., SPX Flow, Inc., EBARA Corporation, ITT Inc., The Weir Group PLC, IDEX Corporation, Verder Group, Metso Corporation, and Others.

RECENT HAPPENINGS IN THE GLOBAL HORIZONTAL ACID PUMPS MARKET

  • In 2021, Grundfos continued to focus on sustainability and energy efficiency in their pump solutions. They launched new high-efficiency pump models designed to reduce energy consumption and environmental impact.
  • In 2021, KSB focused on international expansion, strengthening its presence in emerging markets for horizontal acid pumps. They collaborated with local partners to enhance distribution networks and provide comprehensive pump solutions to a broader customer base.

DETAILED SEGMENTATION OF THE GLOBAL HORIZONTAL ACID PUMPS MARKET INCLUDED IN THIS REPORT

This research report on the global horizontal acid pumps market has been segmented and sub-segmented based on pump type, end-user, application, and region.

By Pump Type

By End-User

  • Chemical processing
  • Petrochemical
  • Pharmaceuticals
  • Wastewater treatment
  • Others

By Application

  • Acid transfer
  • Circulation
  • Dosing

By Region

  • North America 
  • Europe 
  • Asia Pacific
  • Latin America 
  • Middle East & Africa 

Please wait. . . . Your request is being processed

Frequently Asked Questions

1. What is the CAGR of the Horizontal Acid Pumps Market size from 2024-2032?

The Horizontal Acid Pumps Market size is expected to grow with a CAGR of 4.8% during the forecast period.

2. Which is the dominating region for the Horizontal Acid Pumps Market share?

North America is currently dominating the Horizontal Acid Pumps Market share by region.

3. Which End-User type is dominating the market for Horizontal Acid Pumps Market?

The chemical processing industry is currently dominating the Horizontal Acid Pumps Market by end-user type.

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample