What are Drum Pumps?
Due to the increase in industrialisation in developing and developed countries, the demand for oil and lubricants is growing. Liquids like oil and lubricants are usually stored in drums, tanks, and barrels. A drum pump is a type of small, portable pump that is a lightweight solution to the problem of emptying these liquids from drums, tanks, and barrels. Drum pumps are suitable for the transfer of diesel oil, engine oil, gasoline, milk, acid, alcohol, hydraulic oil, and vegetable oil as well as other corrosive and lubricative liquids.
Many industrial fluids are extremely heavy when it put into drums or barrels for transportation. In order to get the liquid out of these vessels, manufacturers such as Flux Pumps make use of drum pumps in preference to tipping the drum or barrel to get the liquid out. High demand for drum pumps is generated by various industries and the market is expected to grow during the forecasted period. A drum pump is the best solution for transferring liquid from drums and tanks as it reduces the incidence of spillage and wastage and also reduces the risk of injury or accidents. Due to its multiple advantages, a drum pump is the best choice for transferring liquid from drums, tanks, or barrels.
Drum Pump Market – Dynamics
The growth in demand in the drum pump industry is expected to increase exponentially for a number of reasons. One of the most significant factors that contribute to the growth of the drum pump industry is a growing demand by various industries for oil, milk, chemicals, and lubricants. Industries normally export and import these liquids in large containers instead of smaller containers in order to save transportation and shipping costs. Drum pumps are the perfect solution for dispensing liquids from these large containers into smaller vessels which are driving the drum pump market positively.
A drum pump allows the speedy transfer of liquid from one container to another with no spillage which is another factor that contributes to the growth of the market. The liquid is easy to pump out of the container by utilising a flow control at the outlet through a ball valve. In addition, using a drum pump also saves a considerable amount of time as well as manpower resources. These are some of the reasons why the drum pump market is expected to witness an above-average growth period fuelled by the high demand from various industries.
Drum Pump Market – Segmentation
The global drum pump market can be segmented by product type, material, and application.
In the product type segment, the drum pump market can be further segregated by the following types: Hydraulic, Electric driven, Pneumatic, Rotary/Manual pumps among others.
In the material type segment, it has two additional types: metal and plastic. The plastic is further segmented into subsections that include: CPC (Chlorinated Polyvinyl Chloride), PP (Polypropylene, PVDF (Polyvinylidene Fluoride), and others.
In the segment of application type, the drum pump market includes the Petroleum industry, Food processing plants, the Automotive Industry, Laboratories, Manufacturing plants, Chemical Plants, Wastewater treatment plants, etc.
Drum Pump Market – Regional Outlook
Globally the drum pump market includes the following countries: Latin America, North America, Middle East, Europe, Asia Pacific, and Africa. North America is currently expected to be the largest market for drum pumps, primarily driven by the preference of manufacturers for drum pumps as cost-effective and efficient dispensing tools for a variety of different liquids. Latin America is also emerging as a good presence in the drum pump market with Eastern Europe, followed by the Middle East, anticipated to be the second and third largest markets for drum pumps. A recent development in the drum pump market has seen a shift in the production base to the east, in particular, Asia with emerging players from the Middle East, China, and India taking a share.