High-Pressure Pumps Market is Expected to Grow with A High CAGR In the Forecast Period.
The global demand for
high-pressure pumps market is largely propelled by the rise in investments in
the oil & gas sector.
According to TechSci Research
report, High-Pressure Pumps Market - Global Industry Size,
Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F, The
market for high-pressure pumps will grow due to the increasing number of high-
pressure pumps used in the automotive sector to compress gasoline for
high-pressure injection in vehicles. For instance, In Asia Pacific region,
India is rapidly growing in the oil and gas sector. According to the
India Brand Equity Foundation (IBEF) Report, Oil and Natural Gas Company (ONGC)
invested USD 2,730.0 million in drilling oil and gas wells in the year
2019, owing to which huge number of high-pressure pumps are required
for the industrial process. Due to this, the market is anticipated to grow with
a high CAGR in the forecast period.
In the market for high-pressure
pumps, energy efficiency has occupied the lead. Manufacturers are making
investments in the development of energy-efficient pump designs, combining
elements like sophisticated controls, variable speed drives, and optimized
hydraulic systems. For end users, these developments assist lower energy usage
and operational expenses. To fulfill the demand for space-saving solutions,
high-pressure pumps are being created with small and modular designs. These
pumps are best suited for applications with constrained installation space,
such as transportable equipment, offshore platforms, and small factories.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global High-Pressure Pumps Market"
The Global High-Pressure Pumps
Market is divided into type, pressure, end-user, and region.
Based on type, the market is
segmented into Dynamic High-Pressure Pump and Positive Displacement High
Pressure Pump. In 2022, the market for high pressure pumps was led by the
dynamic High-Pressure Pump category, due to their expanded use in several
sectors, and their capacity to provide varying flow rates and practical
acceptance. A series of dynamic pumps are also used by chemical firms that need
to generate high pressure to lower equipment costs, across various chemical
processes.
Based on pressure, the market is
segmented into 30 Bar–100 Bar, 101–500 Bar, And Above 500 Bar. In terms of market
share for high-pressure pumps in 2022, the 30 Bar to 100 Bar sector was
dominant. Due to their low cost, small footprint, simple installation, and
minimal maintenance requirements, manufacturers that employ a variety of these
pumps to achieve high pressure are responsible for the segment's rise.
Furthermore, the requirement for high-pressure pumps is projected to increase
due to the expansion of the industrial sector in several emerging nations,
which in turn would increase demand for the sector.
Based on end-user, the market is
segmented into Oil & Gas, Power Generation, Chemical & Pharmaceuticals,
and Manufacturing Industries. In 2022, the manufacturing sector is going to
maintain the largest share of the market. The automobile, processed food
and beverage, and steel production industries, have all had strong growth in
recent years, and this pattern is expected to continue throughout the course of
the projection period. High-pressure pumps are used in a variety of
industrial processes, including the handling of water in the production of
steel and the transportation of fluids and chemicals in the automobile
industry. Over the course of the projection period, this is anticipated to
increase demand for the category.
Based on region, the market is
divided into North America, Asia-Pacific, Europe, South America, Middle East
& Africa. During the forecast period, the high-pressure pump market is
expected to be dominated by nations in the Asia-Pacific region. The
high-pressure pump market is expanding significantly because of the quick rise
in industrial activity, expansion of residential and commercial infrastructure,
and development in the number of cars and power plants, etc., in nations
like India, China, Vietnam, Bangladesh, etc.
Major market players in the
Global High-Pressure Pumps Market:
- Grundfos
- Andritz AG
- GEA Group AG
- Comet S.p.A
- Danfoss Group
- Sulzer Ltd.
- The Weir Group PLC.
- CAT Pumps
- Teledyne Isco
- Zhejiang Danau Industries Co., Ltd
- Udor S.P.A.
Download Free Sample Report
Customers can also request
for 10% free customization on this report.
"The Global High-Pressure
Pumps Market is anticipated to grow in the forecast period because demand of
oil and gas are rising rapidly in all countries. Moreover, rapid urbanization
in developing countries has led to an increase in the market for high pressure
pumps, as they are a cost-effective way to meet the demand for water supply. In
addition, increasing manufacturing industries all around the world is gaining
traction due to which the demand of high-pressure pump is growing, owing to
that Global High Pressure Pumps Market is anticipated to register a high CAGR
in the forecast period.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based Global management consulting firm.
High-Pressure Pumps
Market – Global Industry Size, Share, Trends, Opportunity, and Forecast.
2018-2028F, By Type (Dynamic High-Pressure
Pump and Positive Displacement High Pressure Pump), By Pressure (30 Bar–100
Bar, 101–500 Bar, And Above 500 Bar), By End-User (Oil & Gas, Power
Generation, Chemical & Pharmaceuticals, and Manufacturing Industries)
By Region, Competition has evaluated the future growth
potential of Global High-Pressure Pumps Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the Global High-Pressure Pumps Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com