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. 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.
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 market size 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.
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.
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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