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. A detailed analysis report of COVID-19
impact on Pressure Pumps Market is provided with the report.
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 by 2022 with registering CAGR of 3%.
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.
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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