Nigeria Positive Displacement Pumps (PDP) Market Outlook (2023-2029) | Growth, COVID-19 IMPACT, Revenue, Forecast, Size, Share, Analysis, Industry, Trends, Value & Companies

Nigeria Positive Displacement Pumps Market | Country-Wise Share and Competition Analysis

In the year 2021, China was the largest exporter in terms of value, followed by the USA. It has registered a decline of -0.32% over the previous year. While the USA registered a decline of -30.47% as compared to the previous year. In the year 2017, China was the largest exporter followed by the USA. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Nigeria has a Herfindahl index of 2167 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of  3344 which signifies high concentration in the market.

Nigeria Positive Displacement Pumps Market - Export Market OpportunitiesTopics Covered in the Nigeria Positive Displacement Pumps (PDP) Market Report

Nigeria Positive Displacement Pumps Market report thoroughly covers the market by type and end user. The outlook report provides an unbiased and detailed analysis of the ongoing Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Nigeria Positive Displacement Pumps (PDP) Market Synopsis

Nigeria Positive Displacement Pumps (PDP) Market is likely to witness major growth in the forecast year mainly due to the favorable economic conditions of the country and industrial development.  The growing population and increasing urbanization have led to a rising need for efficient water and wastewater management systems in Nigeria

According to 6Wresearch, Nigeria Positive Displacement Pumps (PDP) Market size is projected to grow during 2023-2029. There are various factors that have led to the significant expansion of the market. The growing industrial sector which includes oil and gas, chemicals, manufacturing, and water and wastewater industries has created demand for positive displacement pumps. These pumps are widely used in the transfer of crude oil, slurry handling, dosing chemicals, and water treatment. Urbanization and population growth have also fuelled the growth of the market as there is a rising need for efficient water and wastewater management systems to cater to the various needs of the population.  The focus of the country on infrastructure development, including the construction of roads, bridges, water supply systems, and industrial facilities has propelled the growth of the market.  These factors have led to an increase in the Nigeria Positive Displacement Pumps (PDP) Market Share. There are certain challenges present in the market which has limited the potential and growth of the market. One of the major challenges is the limitation of the infrastructure such as inadequate power supply and transportation facilities. Economic fluctuations, including oil price volatility, political uncertainties, and global economic conditions have led to a reduction in investments in industrial projects and affect the demand for the pumps.

COVID-19 Impact on the Nigeria Positive Displacement Pumps (PDP) Market

The COVID-19 pandemic had a significant impact on Positive Displacement Pumps (PDP) Market in Nigeria. The pandemic led to economic fallout and affected several key sectors such as oil and gas, manufacturing, construction, and water and wastewater management, all of which are significant consumers of the pumps. The temporary shutdowns and reduction in operations in these sectors impacted the immediate demand for pumping equipment. The supply chain disruptions and logistic challenges during the pandemic affected the availability of raw materials in the region and components required for the production of Positive Displacement Pumps. There were fluctuations in the foreign exchange rate during the pandemic and it impacted the cost of imported pump components and machinery, affecting pricing and affordability for both producers and end users. The market is a vital part of the Africa Positive Displacement Pumps (PDP) Market and these negative factors affected the overall development of the market.

Nigeria Positive Displacement Pumps (PDP) Market: Key players

• Grundfos Group
• Xylem Inc.
• Flowserve Corporation
• Sulzer Ltd.
• KSB Nigeria Limited
• Kirloskar Brothers Limited
• ITT Inc.
• Watson-Marlow Fluid Technology Group
• SPX FLOW Inc.
• Rotech Pumps & Systems Inc.

These companies offer a wide range of positive displacement pumps to various industries such as oil and gas, water and wastewater management, chemicals, and manufacturing and this factor has led to a remarkable increase in Nigeria Positive Displacement Pumps (PDP) Market Growth.

Market by Type

Based on type, the rotary pumps segment is likely to dominate the Nigeria Positive Displacement Pumps (PDP) Industry due to its wide use in various industrial applications and efficiency.

Market by End User

According to Ravi Bhandari, Research Head, 6Wresearch, based on end users, the Water & Wastewater segment will have a significant share in the market on account of the wide use of equipment in sewage handling.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Nigeria Positive Displacement Pumps (PDP) Market Outlook
• Market Size of Nigeria Positive Displacement Pumps (PDP) Market, 2022
• Forecast of Nigeria Positive Displacement Pumps (PDP) Market, 2029
• Historical Data and Forecast of Nigeria Positive Displacement Pumps (PDP) Revenues & Volume for the Period 2019 - 2029
• Nigeria Positive Displacement Pumps (PDP) Market Trend Evolution
• Nigeria Positive Displacement Pumps (PDP) Market Drivers and Challenges
• Nigeria Positive Displacement Pumps (PDP) Price Trends
• Nigeria Positive Displacement Pumps (PDP) Porter's Five Forces
• Nigeria Positive Displacement Pumps (PDP) Industry Life Cycle
• Historical Data and Forecast of Nigeria Positive Displacement Pumps (PDP) Market Revenues & Volume By Type for the Period 2019 - 2029
• Historical Data and Forecast of Nigeria Positive Displacement Pumps (PDP) Market Revenues & Volume By Reciprocating Pumps for the Period 2019 - 2029
• Historical Data and Forecast of Nigeria Positive Displacement Pumps (PDP) Market Revenues & Volume By Rotary Pumps for the Period 2019 - 2029
• Historical Data and Forecast of Nigeria Positive Displacement Pumps (PDP) Market Revenues & Volume By Peristaltic Pumps for the Period 2019 - 2029
• Historical Data and Forecast of Nigeria Positive Displacement Pumps (PDP) Market Revenues & Volume By End-User for the Period 2019 - 2029
• Historical Data and Forecast of Nigeria Positive Displacement Pumps (PDP) Market Revenues & Volume By Water & Wastewater for the Period 2019 - 2029
• Historical Data and Forecast of Nigeria Positive Displacement Pumps (PDP) Market Revenues & Volume By Mining for the Period 2019 - 2029
• Historical Data and Forecast of Nigeria Positive Displacement Pumps (PDP) Market Revenues & Volume By Oil & Gas for the Period 2019 - 2029
• Historical Data and Forecast of Nigeria Positive Displacement Pumps (PDP) Market Revenues & Volume By Chemicals for the Period 2019 - 2029
• Historical Data and Forecast of Nigeria Positive Displacement Pumps (PDP) Market Revenues & Volume By Power Generation for the Period 2019 - 2029
• Historical Data and Forecast of Nigeria Positive Displacement Pumps (PDP) Market Revenues & Volume By Food & Beverage for the Period 2019 - 2029
• Historical Data and Forecast of Nigeria Positive Displacement Pumps (PDP) Market Revenues & Volume By Others for the Period 2019 - 2029
• Nigeria Positive Displacement Pumps (PDP) Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By End-User
• Nigeria Positive Displacement Pumps (PDP) Top Companies Market Share
• Nigeria Positive Displacement Pumps (PDP) Competitive Benchmarking By Technical and Operational Parameters
• Nigeria Positive Displacement Pumps (PDP) Company Profiles
• Nigeria Positive Displacement Pumps (PDP) Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Type

• Reciprocating Pumps
• Rotary Pump
• Peristaltic Pumps

By End User

• Water & Wastewater
• Mining, Oil & Gas
• Chemicals
• Power Generation
• Food & Beverage
• Others