High-Pressure Pumps Market 2020-2026 Global Review and Outlook | Sulzer Ltd.,Grundfos Holding A/S, CAT Pumps

Global High-Pressure Pumps Market, delivering a must-read report for industry stakeholders wanting to understand the strategic landscape of this increasing sector. Readers will find an in-depth analysis of the market and how it will impact existing traditional markets, as well as insights into future development and opportunities across the globe.

According to the study, the global high pressure pumps market expected to witness a significant growth of CAGR greater than 3% majorly due to increasing end-user industry such as oil & gas, chemicals & petrochemicals, food & beverage, pharmaceuticals, etc. However, the volatile nature of oil and gas prices is expected to hinder the high-pressure pump market during the forecast period.

Some of the major players in the market are:

Sulzer Ltd.,Grundfos Holding A/S, CAT Pumps, Comet S.p.A, Maximator GmbH, Andritz AG, Zhejiang Danau Industries Co., Ltd., Danfoss A/S, amongst others.

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Market Overview:

- The manufacturing industries sector is expected to dominate the market growth owing to the growth of the textile industry, the steel manufacturing sector, the food processing, and the automotive industry. The demand for high-pressure pumps from the steel manufacturing industry is growing rapidly on account of massive demand for steel from growing economies. This, in turn, is expected to propel the high-pressure pump market during the forecast period
- Furthermore, The manufacturing of pumps has witnessed a combination of 3D printing technology combines with computer modeling has led to a cutting edge development in pump design, repair, and replacement which, in turn, drives the global market for high-pressure pumps and provide an opportunity for the market in coming future.
- Asia-Pacific dominated the market growth across the globe in 2018, with most of the demand coming from China and India, owing to rising economies and growing population. The Asia Pacific is the fastest-growing region and this trend is expected to be the same in the forecast period.

Key Market Trends

Manufacturing Industries Sector to Dominate the Market

- The global manufacturing sector is equally important for both the developing and the developed world. The former is provides a means to support growing economies and increasing population, while in latter it is a means of innovation and competitiveness.
- The manufacturing sector related to steel production, processed food and beverages, and the automotive industry has seen rapid growth in recent years and is expected to follow this trend in the forecast period. High pressure has a variety of applications in the manufacturing industries sector, from handling water in steel manufacturing to transporting chemicals and fluids in the automotive sector.
- The steel manufacturing industry has also been on a rise in recent years, with China, Japan, and India holding top three positions in steel manufacturing. High-pressure pumps are used to spray water on newly made steel to remove scales.
- Therefore, the increasing population, rising economies, and dropping prices of high-pressure pumps are expected to drive the demand for high-pressure pumps in the manufacturing industry sector during the forecast period.

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Asia-Pacific to Dominate the Market

- Asia-Pacific is witnessing huge economic growth which has resulted in the development of industrial infrastructure. The industrial infrastructure in the region witnessing growth with policy level focus on driving the industrial sector.
- Most of the countries in the Asia-Pacific region are in a growing phase and the high rate of population growth has led to increased demand for various manufactured items such as food, textile, steel, electricity, etc. The majority demand is coming from China and India owing to rapid economic growth and increasing population, which in turn is expected to increase the market for high-pressure pumps.
- India’s investment in the refining and petrochemicals industry is expected to pave a way for the high-pressure pump market in India. The refining capacity of India grew to 22495.43 TMT in March 2019, an increase of 6.51% from March 2018. The refining capacity of China is also on the rise, with a recent contract for 1 MTA ethylene and refinery expansion project of Sinochem Quanzhou Petrochemical.

Table of Contents:

1 Introduction
2 High Pressure Pumps Market Research Methodology
3 Executive Summary
4 High Pressure Pumps Market Dynamics
5 High Pressure Pumps Market Segmentation
6 Competitive Landscape
7 High Pressure Pumps Market Opportunities And Future Trends

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Note:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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