Glycol Pumps Market

Glycol Pumps Market Outlook (2024 to 2034)

The global glycol pumps market was valued at US$ 131.7 million in 2023 and has been forecast to expand at a noteworthy CAGR of 6.1% to end up at US$ 252.6 million by 2034.

The glycol pumps market is being driven by several key factors, including the rising demand for energy-efficient solutions, advancements in automation, and the need for sustainable industrial processes.

Centrifugal glycol pumps dominate the market due to their excellent efficiency at handling huge volumes of glycol fluids. These pumps are widely utilized in several industries, including oil and gas, chemical processing, and HVAC. Positive displacement pumps, which are noted for their precision and controlled flow, are gaining popularity in applications that need perfect fluid measurement and energy conservation.

Report Attributes	Details
Glycol pumps Market Size (2023A)	US$ 131.7 Million
Estimated Market Value (2024E)	US$ 139.7 Million
Forecasted Market Value (2034F)	US$ 252.6 Million
Global Market Growth Rate (2024-2034)	6.1% CAGR
East Asia Market Share (2024)	22.4%
China Market Growth Rate (2024-2034)	6.1% CAGR
Key Companies Profiled	Bifold; Cat Pumps; Exterran; Goulds Pumps; Heat Exchange & Transfer, Inc.; HERMETIC-Pumpen GmbH; John Wood, Inc.; Kimray; LEWA; March Pumps; Mcmaster; North Ridge Pumps; Rotor Tech; Sintech; T-Mag; TriRotor Inc; Verder; Viking Pump; Xylem; Other Prominent Players.

Sales Analysis of Glycol pumps (2019 to 2023) Vs Market Forecasts (2024 to 2034)

• Short Term (2024 to 2027): The short-term growth of the glycol pumps market will show a moderate trend, as the demand for oil & gas chemicals & petrochemicals industries remains sustained. Further, growing concern for decarbonization and sustainability goals shall further push industries toward energy-efficient pumping solutions. In addition, the trend of smart technologies like IoT-enabled pumps will see surge demand in operationalizing efficiency and real-time monitoring.
• Medium Term (2027 to 2030): The medium-term outlook remains very optimistic for the market, as it predicts that global industrialization will continue to surge, which increases the demand for sustainable infrastructure. By 2027, glycol pumps are estimated to be an integral part of several industrial processes, whereby vast-scale adaption of green energy initiatives is expected to take place across the world's regions in order to achieve carbon neutrality. Higher efficiency, low consumption of energy, and better automation are some of the new product launches that might emerge in the market in the next few years.
• Long Term (2030 to 2034): By 2030 and beyond, the market for glycol pumps will see sustained growth as industries around the world move to embrace energy-efficient and automated solutions in earnest. The shift toward smart manufacturing and Industry 4.0 will drive up demand for IoT-integrated glycol pumps that can offer predictive maintenance and remote monitoring, among other enhanced operational performances. Long-term growth will be driven by a greater replacement of older pump systems with next-generation technologies that are more efficient and ecologically benign.

On the back of the aforementioned facts, the Glycol pumps market is anticipated to grow at a CAGR of 6.1% during the forecast period from 2024-2034, According to the Fact.MR, a market research and competitive intelligence provider.

Market Dynamics

What are the Factors Propelling Global Sales of Glycol pumps?

“Natural Gas Industry Driving Demand for Advanced Glycol Pump Systems”

Glycol is presently employed in a wide range of applications, including mechanical, oil and gas, food and beverage, and pharmaceuticals. With the increase in application, leading companies in the glycol pumps market are merging modern technologies into pumps through research and development to provide cost-effective, highly efficient, and low-maintenance pumps.

For example, as worldwide natural gas consumption rises, there is a greater demand for advanced electrical glycol pump systems that can endure conditions such as fewer downtime, cheaper cost, reduced leakage, and longer duty cycles. Increased demand from application sectors has encouraged companies to expand manufacturing output, resulting in 6.1% market growth for glycol pumps between 2024 and 2034.

“Industries Shifting Towards Environmentally Friendly Alternatives”

The industries have been trying to find environmentally friendly and financially feasible alternative solutions for both meeting the continuously changing environmental regulations and the needs of the industry.

ASTM International, formerly the American Society for Testing and Materials (ASTM), issued new standards indicating that glycerin's applications related to engine coolant and antifreeze are much more environmentally friendly and cost-effective than those of ethylene glycol, today's most used component. Such alternative solution advancements provide a risk to the growth of the glycol pump industry.

Country-wise Insights

Which Country Accounts for More Enhanced Demand for Glycol Pumps Market in North America?

“Rising Multi-Industry Demand Boosting U.S. Glycol Pump Market Expansion”

By 2024, the U.S. glycol pump market is projected to account for 44.5% of the North American market share, growing at a rate of 6.5% during the assessment period. This growth is driven by advancements in manufacturing capabilities, favorable government initiatives, and increased demand for glycol pumps across various sectors, including oil & gas, chemicals, and pharmaceuticals.

The U.S. market is benefiting from the adoption of advanced technologies and energy-efficient systems in pumps, alongside a growing focus on sustainability. Businesses are expanding their production capacities to meet the rising demand, further boosting the market’s development trajectory.

What is the Market Scenario in China in East Asia Region Glycol Pumps Market?

“China’s Industrial Growth Fuels Glycol Pump Market Expansion in East Asia”

China is projected to hold approximately 48.9% of the East Asia glycol pumps market by 2024, with an anticipated growth rate of 6.1% during the forecast period from 2024 to 2034. This expansion is fueled by the rapid growth of key sectors such as chemicals, pharmaceuticals, plastics, and manufacturing, all of which heavily rely on efficient glycol pump systems for various industrial processes.

As these industries continue to expand, driven by technological advancements and increased production capacities, the demand for glycol pumps in China is expected to rise significantly, making it a key growth hub in the East Asian market.

Category-wise Insights

Which Type Holds Dominant Market Share In Glycol Pump Market?

“Chemical Properties and Low Toxicity Drive Demand for Ethylene Glycol Pumps”

The glycol pump market is segmented into glycol type, that is, ethylene glycol pumps, and propylene glycol pumps. The ethylene type dominates the market by holding 55.1% of the overall market share in 2024.

The segment is projected to rise at the rate of 6.4% CAGR during the assessment period owing to factors such as chemical properties, toxicity level that is suitable for the end use application industries. Temperature, flow rate, and pressure are important parameters that are taken into consideration when pumping Glycol.

Which End-use Segment is Estimated to Support Market Growth?

“Glycol Pumps Critical for Gas Dehydration Systems in Natural Gas Processing”

The glycol pump market is divided into end-user segments such as chemicals and petrochemicals, food and beverage, pharmaceuticals, cosmetics, automotive and transportation, oil and gas, plastics, paints and inks, and others.

Among them, the oil and gas industry is expected to account for 15.0% of the global glycol pumps market in 2024. The glycol pumps market for the oil and gas industry is expected to increase at a CAGR of 6.0% over the next several years. The glycol pump for gas dehydration systems aids in the removal of water vapor from natural gas and the recirculation of the liquid. It is critical to this process since glycol is very hygroscopic and may easily absorb and retain water.

Competitive Landscape

Key players in the glycol pumps market are Bifold, Cat Pumps, Exterran, Goulds Pumps, Heat Exchange & Transfer, Inc., HERMETIC-Pumpen GmbH, John Wood, Inc., Kimray, LEWA, March Pumps, Mcmaster, North Ridge Pumps, Rotor Tech, Sintech, T-Mag, TriRotor Inc, Verder, Viking Pump, Xylem & Others.

Companies devote a significant portion of their revenue to R&D to resolve problems and offer creative solutions to draw in new customers and stay competitive. Companies are developing customized offerings for issues that meet industry-specific needs to compete with other players.

• LEWA is reputed to be one of the largest manufacturers of glycol pumps. In 2023, the company announced the expansion of production facilities due to high demand, among others, from industries such as oil & gas and chemicals.
• Kimray has continued to advance in developing glycol pumps, focusing on products with low maintenance and high reliability meant for gas dehydration systems. Innovations continue by incorporating comments from users on customer needs into the design of products.

Fact.MR has provided detailed information about the price points of key manufacturers of glycol pumps positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Glycol pumps Industry Research

• By Type :

  • Ethylene
  • Propylene

• By Capacity :

  • Less than 5 Gpm
  • 5-10 Gpm
  • 10-15 Gpm
  • Above 15 Gpm

• By Operating Pressure :

  • Less than 50 Bar
  • 50-100 Bar
  • 100-150 Bar
  • Above 150 Bar

• By Pump Type :

  • Centrifugal Pumps
  • Positive Displacement Pumps

• By End-use Industry :

  • Chemicals & Petrochemicals
  • Food & Beverages
  • Pharmaceuticals
  • Automotive & Transportation
  • Oil & Gas
  • Cosmetics
  • Plastics
  • Paints and Inks
  • Others

• By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa