Single-Acting Plunger Pumps Global Market Opportunities and Strategies to 2034

This report describes and explains the single-acting plunger pumps market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global single-acting plunger pumps market reached a value of nearly $1.08 billion in 2024, having grown at a compound annual growth rate (CAGR) of 3.18% since 2019. The market is expected to grow from $1.08 billion in 2024 to $1.35 billion in 2029 at a rate of 4.58%. The market is then expected to grow at a CAGR of 4.39% from 2029 and reach $1.68 billion in 2034.

Growth in the historic period resulted from rise in the oil and gas industry, growth in chemical and petrochemical processing and expansion in construction activities. Factors that negatively affected growth in the historic period were high initial capital investment and installation costs and fluctuating raw material prices.

Going forward, expansion in power generation sector, growth in water and wastewater treatment plants, increase in mining activities and growth in pharmaceutical manufacturing will drive growth. Factors that could hinder the growth of the single-acting plunger pumps market in the future include regulatory compliance challenges, maintenance and downtime issues and trade war and tariffs.

Asia-Pacific was the largest region in the single-acting plunger pumps market, accounting for 40.02% or $434.29 million of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the single-acting plunger pumps market will be Asia-Pacific and South America where growth will be at CAGRs of 5.29% and 5.11% respectively. These will be followed by Africa and Eastern Europe where the markets are expected to grow at CAGRs of 4.72% and 4.66% respectively.

The global single-acting plunger pumps market is fairly fragmented, with a large number of small players operating in the market. The top 10 competitors in the market made up 20.92% of the total market in 2024. IDEX Corporation (through its subsidiary ABEL GmbH) was the largest competitor with a 4.14% share of the market, followed by Dresser Utility Solutions with 3.84%, SPX FLOW, Inc. with 3.38%, Weatherford International plc, with 2.68%, Ingersoll Rand Inc., with 1.74%, GL Sciences Inc. with 1.62%, Maximator GmbH with 1.47%, SEKO S.P.A with 1.12%, TXAM Pumps with 0.48%. and ProMinent GmbH with 0.45%.

The single-acting plunger pumps market is segmented by type into horizontal single-acting plunger pumps and vertical single-acting plunger pumps. The horizontal single-acting plunger pumps market was the largest segment of the single-acting plunger pumps market segmented by type, accounting for 67.22% or $729.49 million of the total in 2024. Going forward, the horizontal single-acting plunger pumps segment is expected to be the fastest growing segment in the single-acting plunger pumps market segmented by type, at a CAGR of 4.57% during 2024-2029.

The single-acting plunger pumps market is segmented by drive type into pneumatic, electric, hydraulic and other drive types. The electric market was the largest segment of the single-acting plunger pumps market segmented by drive type, accounting for 50.95% or $552.9 million of the total in 2024. Going forward, the electric segment is expected to be the fastest growing segment in the single-acting plunger pumps market segmented by drive type, at a CAGR of 5.23% during 2024-2029.

The single-acting plunger pumps market is segmented by end-use industry into oil and gas, water and wastewater, chemicals, power plants, mining, pharmaceuticals and other end-use industries. The oil and gas market was the largest segment of the single-acting plunger pumps market segmented by end-use industry, accounting for 29.06% or $315.34 million of the total in 2024. Going forward, the pharmaceuticals segment is expected to be the fastest growing segment in the single-acting plunger pumps market segmented by end-use industry, at a CAGR of 6.07% during 2024-2029.

The top opportunities in the single-acting plunger pumps market segmented by type will arise in the horizontal single-acting plunger pumps segment, which will gain $192.19 million of global annual sales by 2029. The top opportunities in the single-acting plunger pumps market segmented by drive type will arise in the electric segment, which will gain $160.41 million of global annual sales by 2029. The top opportunities in the single-acting plunger pumps market segmented by end-use industry will arise in the oil and gas segment, which will gain $69.88 million of global annual sales by 2029. The single-acting plunger pumps market size will gain the most in China at $66.59 million.

Market-trend-based strategies for the single-acting plunger pumps market include innovative pulse control features improve industrial fluid handling and advancements in high-pressure plunger pumps drive efficiency and durability for industrial applications.

Player-adopted strategies in the single-acting plunger pumps market include focus on new launches to expand their business expertise.

To take advantage of the opportunities, the analyst recommends the single-acting plunger pumps market companies to focus on enhancing pump performance with quick motion setting, focus on developing high-pressure plunger pumps, expand in emerging markets, focus on strengthening distribution channels, focus on horizontal single-acting plunger pumps, focus on electric single-acting plunger pumps, provide competitively priced offerings, focus on targeted digital promotion, focus on partnerships for promotional leverage and focus on water and wastewater applications.