High-Pressure Pumps System Market Highlights
High-Pressure Pumps System Market is expected to register a CAGR of 3% by 2022. The invention in products and services is the chief factor that contributes the best to the market’s success and influencing the trends that gain distinction in the market. On this track, the high-pressure pumps are the invention in the mumping market mainly designed to withstand high pressure above the normal range. These new high-pressure pumps are extensively used across oil & gas, power generation, chemical, pharmaceuticals, and manufacturing industries.
High Pressure Pumps is a pump that is designed to withstand a pressure above normal pressure. High pressure pumps move the fluid throughout the machine to various parts which become pressurized. Development in sectors like automotive, power plants, infrastructure, water processing & steel manufacturing industry, are the major driving factor for the High Pressure Pumps market. Slowdown in the Oil & Gas industry, will hinder the growth of High pressure pumps market.
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- Cat pumps,
- Maxima or GmbH,
- GEA Group,
- Sulzer Ltd.,
- The Weir Group Plc,
- KSB Pumps,
- Danfoss and
Top Factors Impacting High-Pressure Pumps System Market
According to the recent reports published by Market Research Future, the high-pressure pumps market is steadily growing due to its large-scale application water processing industry, automotive, steel manufacturing infrastructure and more. With industrial processes rising at a rapid pace, the high-pressure pumps are boosting the market’s demand considerably with a higher CAGR.
Moreover, these pumps are installed among the oil & gas sector for cleaning of the heat exchanger, rust and paint removal from metal structures, and prevention of choking of tubes. Also, the high-pressure pumps are utilized across the water & wastewater treatment industry for processing drinking water, in the reverse osmosis process, and machine tool lubrication.
Recently, there has been a shift of exploration projects from conventional oil and gas to shale oil and gas across the world. This has involved high-pressure pumping process, which works as pumping a large volume of water to extract oil and gas from the well. In order to inject water with high pressure into shale well, exploration and production (E&P) companies use high-pressure pumps, which, in turn, has become a key trend and equally impacting the global high-pressure pumps market. In recent years, several U.S. oil and gas companies are making huge investments in exploration & production activities with the help of high-pressure pumps.
Despite these drivers, a slowdown in the oil & gas industry and a decrease in industrial growth in some regions are significant restraints hindering the growth of the high-pressure pump system market. Emerging markets, carbon capture, and wastewater treatment industry are creating profitable opportunities for the high-pressure pumps market during the forecast period by 2022.
High-Pressure Pumps System Market Segmentation
The global high-pressure pumps system market research report provides market segmentation by type, pressure range and by end-users.
By mode of type, the market has been segmented as dynamic and positive displacement.
By pressure range, the market has been segmented into 30 bar-100 bar, 101 bar-500 bar and above 500 bar.
By end-users, the market has been segmented into oil & gas, chemical and pharmaceutical, power generation and manufacturing industries.
In the reports of MRFR, the market for high-pressure pumps system has covered the regions of North America, South America, Europe, Asia-Pacific, and Middle East & Africa.
Asia Pacific region is accounted to be leading the global high-pressure pumps market driven by countries like China, Japan, and India, where industrial developments are carried out with high rates and proliferating. These are creating ultimate increase ways for the high-pressure pumps market with a higher CAGR.
Also, North America region is set to grow at significant pace during the forecast period due to the sectors like pharmaceutical, food & beverages, water treatment which are heavily reliant on water thus pushing the sales in the high-pressure pump market.
- October 2018: KNAUER Wissenschaftliche Geräte GmbH launched high-pressure metering pumps that played an essential role in the development of the ground-breaking new manufacturing process of methane sulfonic acid.
- September 2018: A German pump manufacturer Uraca GmbH has expanded in high pressure cleaning with Dynajet acquisition.
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