Press release
High Pressure Pump Market Size to Surpass US$ 3.2 billion by 2027 - ANDRITZ AG, GEA Group and more
High Pressure Pump Market
the global high pressure pump market is expected to grow from US$ 2.5 billion in 2020 to US$ 3.2 billion by 2027, at a CAGR of 5.2% during the forecast period.
The global high pressure pump market is expected to witness significant growth in the forecast period due to the rising demand for high pressure pumps in various end-use industries such as oil & gas, water treatment, and manufacturing. High pressure pumps are extensively used for applications such as cleaning, cutting, pressure washing, and descaling, among others. The increasing need for energy-efficient pumps and the adoption of automation in various industries are driving the growth of the high pressure pump market. However, the high initial investment and maintenance costs of high pressure pumps may hinder the growth of the market.
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The report provides a comprehensive analysis of the high pressure pump market, covering key market trends, growth drivers, challenges, and opportunities. The report also includes an in-depth analysis of the competitive landscape, market segmentation, and regional analysis. The market size and revenue forecasts for the period 2022-2027 are also provided in the report.
Key Findings:
• The global high pressure pump market is expected to grow at a CAGR of 3.8% from 2021 to 2027.
• The oil & gas industry is anticipated to be the largest end-use industry for high pressure pumps owing to the growing demand for high pressure pumps in upstream, midstream, and downstream operations.
• The triplex plunger pump segment is expected to dominate the market owing to its high efficiency and durability.
• The Asia Pacific region is anticipated to dominate the market owing to the growing demand for high pressure pumps in emerging economies such as China and India.
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Market Segmentation:
The global high pressure pump market is segmented on the basis of type, pressure range, end-use industry, and region. The detailed segmentation is as follows:
By Type
• Triplex Plunger Pumps
• Reciprocating Pumps
• Centrifugal Pumps
• Diaphragm Pumps
• Others
By Pressure Range
• 30-100 Bar
• 101-500 Bar
• 501-1000 Bar
• Above 1000 Bar
By End-Use Industry
• Oil & Gas
• Water Treatment
• Manufacturing
• Chemical & Pharmaceuticals
• Power Generation
• Others
By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
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Competitive Landscape:
The global high pressure pump market is highly competitive and fragmented, with the presence of several regional and international players.
The major players operating in the market include
• ANDRITZ AG
• GEA Group
• Danfoss A/S
• The Weir Group PLC
• Maximator GmbH
• Hammelmann GmbH
• Sulzer Ltd.
• KSB Aktiengesellschaft
• Grundfos
• Cat Pumps
• The Mcfarland Group
The companies are focusing on strategic collaborations, mergers & acquisitions, and product launches to expand their market presence and enhance their product portfolio.
Conclusion:
The global high pressure pump market is expected to witness significant growth in the forecast period due to the rising demand for high pressure pumps in various end-use industries such as oil & gas, water treatment, and manufacturing. The triplex plunger pump segment is expected to dominate the market owing to its high efficiency and durability. The Asia Pacific region is anticipated to dominate the market owing to the growing demand for high pressure pumps in emerging economies such as China and India. The major players operating in the market are focusing on strategic collaborations, mergers & acquisitions, and product launches to expand their market presence and enhance their product portfolio.
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