Global High Pressure Pumps Market Analysis
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.
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%.
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.
Key Players
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.
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