High Pressure Pumps Market –
Overview
Pumps
are used in diverse range of functions and industries, this has led them to
become an integral part of the processes they are integrated in. 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
market is steadily growing due to its large-scale application in automotive,
steel manufacturing infrastructure and water processing industry. Rising demand
for industrial processes that include high pressure pumps is boosting the
market’s demand considerably. The increased level of efficiencies offered by
high pressure pumps is expected to stimulate market growth over the forecast
period.
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Industry Updates:
Aug
2018 Renowned pump manufacturer, KSB Group, has recently created a special
impeller to additionally improve the suction characteristics of its Movitec
multistage high-pressure pumps. The innovative impeller is chiefly useful in
applications with critical inlet conditions such as boiler feed applications,
as well as uses in which the pump requires to take in water from low-lying
tanks or at increased temperatures.
Segmental Analysis
The
market for high pressure pumps system is segmented on the basis of types,
pressure range, end user, and regions. On the basis of types, the market is
divided into Positive and Dynamic displacement. By Pressure Range, the market
is segmented into 101 bar-500 bar, 30 bar-100 bar, Above 500 bar. The End Users
segment of the market comprises of Chemical & Pharmaceutical, Oil &
Gas, Manufacturing Industries and Power Generation. By Regions, the market is
segmented into South America, North America, Asia Pacific, Europe, Middle East
& Africa.
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Detailed Regional Analysis
The
regional analysis of the market states that the high-pressure pumps market is
led by the Asia Pacific region. The Asian market is chiefly motivated by
countries like India, China, Japan where industrial & others sector are
rising speedily which will eventually raise the market’s growth pace. It is
expected to develop at a decent pace during the forecast period and will retain
its position. Similarly, the North America region will grow at a substantial
pace through the forecast period because the sectors such as food &
beverages, pharmaceutical, water treatment are deeply reliant on water,
therefore, driving the sales in the market for high pressure pump.
Prominent Players
The
leading players in the High-Pressure Pumps System markets are Cat pumps,
Maximator GmbH, Andritz, GEA Group, Grundfos, Sulzer Ltd., The Weir Group Plc,
KSB Pumps, Danfoss and Hammelmann.
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