High
Pressure Pumps Market Analysis:
High Pressure Pumps is a pump that
is designed to withstand a pressure above normal pressure. Development in the
manufacturing sector is the major driving factor for the High Pressure Pumps
market. Growing green chemical industry and focusing on water & wastewater
treatment sector is also another driving factors for the High pressure pump
market. Slowdown in the Oil & Gas industry, will hinder the growth of High
pressure pumps market and it is expected to register a significant growth of 3%
in the next five years. 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 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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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.
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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.
Scope
of the report
This study provides an overview of
the High Pressure Pumps industry, tracking market segments across the
categorized five geographic regions. The report provides a five-year forecast
for the market size in terms of value for North America, Europe, Asia-Pacific,
Middle East & Africa, and South America. The scope of the study segments
the High Pressure Pumps market based on Types, Pressure Range, and End Users.
Key
Players
The leading players in the High
Pressure Pumps markets are Andritz, GEA Group, Grundfos, Sulzer Ltd., The Weir
Group Plc., KSB Pumps, Danfoss and Hammelmann.
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