Diaphragm Pump Market Size, Share, and Key Trends: Meeting Growing Demand in Oil, Gas, and Beyond 2030
The global diaphragm pump market is poised for substantial growth in the coming years, driven by rising demand from the oil and gas sector and various other industries. According to the International Energy Agency (IEA), the worldwide oil demand is anticipated to surge by 2.1 million barrels per day in 2022 compared to the previous year. Recent disruptions in Russian oil production, along with the conflict in Ukraine, have created a significant oil supply shock, prompting countries like the United States and members of the Organization of Petroleum Exporting Countries (OPEC) to intensify exploration and production activities, further boosting the need for diaphragm pumps.
Technological advancements have led to the development of compact diaphragm pumps with simple designs, increasing their...
