Global Diaphragm Pumps Market to Witness 5.55% CAGR, Reaching US$ 5.01 Bn by 2029
Diaphragm Pump Market to Reach $5.01 Billion by 2029, Driven by Growth in Water & Wastewater Treatment$ The global diaphragm pump market is poised for steady growth, with a projected value of US 5.01 billion by 2029. This translates to a Compound Annual Growth Rate (CAGR) of 5.55% from 2 024, according to a new report by Maximize Market Research. The increasing demand for diaphragm pumps is attributed to several factors: Environmental Regulations and Water Treatment Needs: Stringent environmental regulations and rising concerns about water scarcity are driving the demand for efficient and reliable pumps for water & wastewater treatment applications. Diaphragm pumps are well-suited for these applications due to their ability to handle harsh chemicals, slurries, and solids. Growth in Chemical and Pharmaceutical Industries: The expanding chemical and pharmaceutical industries require pumps for various processes, including metering, dosing, and transferring sensitive fl