Global High Pressure Pumps Market by Type (Dynamic and Positive Displacement), by Pressure Range (30 Bar to 100 Bar, 101 Bar to 500 Bar and Above 500 Bar), by End User (Oil & Gas, Chemical & Pharmaceutical, Power Generation and Manufacturing Industries) and by Region.
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High-Pressure Pumps System Market Analysis
Market reports associated with the energy and power sector made accessible by Market Research Future along with published reports on other sectors have been lately put out along with a report on this industry. The market is projected to develop at a CAGR of 3% over the forecast period.
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.
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The selection of these high-pressure pumps depends on the available space, type of liquid to be pumped and its volatility and the limit up to which the liquid may contain solids. The growing drilling activities and expected growth in the demand of high-pressure pumps are supposed to be the primary drivers of the high-pressure pumps system market by 2022 with registering CAGR of 3%.
Prominent Players Analyzed in this Market are:
The leading players in the high-Pressure Pumps System markets are Cat pumps, Maxima or GmbH, Andritz, GEA Group, Grundfos, Sulzer Ltd., The Weir Group Plc, KSB Pumps, Danfoss and Himmelman.
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.
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.
Regional Outlook
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.
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Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
5 Market Dynamics
5.1 Introduction
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Porter’s Five Forces Analysis
5.6 Value Chain/Supply Chain Analysis
6 Global High-Pressure Pumps Market, By Type
6.1 Introduction
6.2 Dynamic
6.3 Positive Displacement
7 Global High Pressure Pumps Market, By Pressure Range
7.1 Introduction
7.2 30 Bar To 100 Bar
7.3 101 Bar To 500 Bar
7.4 Above 500 Bar
8 Global High Pressure Pumps Market, By End Users
8.1 Introduction
8.2 Oil & Gas
8.3 Chemical & Pharmaceutical
8.4 Power Generation
8.5 Manufacturing Industries
Continued…….
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