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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Competitive Analysis
The inventions
in products and services is the chief factor contributing to the market's
success and influencing the trends that gain distinction in the market. The
availability to a good labor force along with resources is contributing to the
general market growth. The external factors are determining the market
expansion which is reliant on the practices and the strategic roadmaps that are
engaged by market players. The market is moderately well defined in terms of
its value and volume. The main success factors and competitors’ inclinations
are gradually improving by the strategies being utilized by market players. The
noteworthy contenders in the markets for High Pressure Pumps System are
Maximator GmbH, Cat pumps, Andritz, Grundfos, GEA Group, The Weir Group Plc,
Sulzer Ltd., KSB Pumps, Danfoss and Hammelmann.
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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.
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.
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