High Pressure Pumps Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
High pressure pumps are machines which enhance the pressure of fluid. They might be employed with gases or liquids, but the manufacturing and design detailing are likely to vary depending on the type of fluid. High pressure pumps exert excess pressure on the fluid or gas as compared to a normal pump and is basically deployed in industries requiring advanced pressure pumps and at places where heave load work is on the go. These high pressure pumps may be driven hydraulics, electric motor, manually via a lever system or through high or low pressure air.
Investments by high pressure pump manufacturers in industries other than that of the oil and gas sector in the Middle East and the progress of the South Asian Manufacturing Sector are likely to aid the growth of the global high pressure pumps market. There are several opportunities that the players operating in the market can gain from the sequestration and carbon capture and the industry of wastewater treatment. The challenges that are likely to occur in the track of growth of the global high pressure pumps market are the difficulties from the enhancing gray market, slowing pace of the oil and gas industry, and slowing growth of the major Chinese industries. The employment of high pressure pumps in the treatment of water and wastewater for processing palatable water are also expected to give the market the much needed boost.
Experts see good place for high pressure pumps in the global market and predict strong growth between 2017 and 2025. Among the key regional segments, Asia Pacific holds lucrative opportunities for ongoing business in the forthcoming years. With leading pump manufacturers looking to reduce energy consumption in their pumping systems, the demand for high pressure pumps is expected to rise at an accelerated pace in the near future.
The report includes a comprehensive overview of the global high pressure pumps market. It covers the growth drivers and restraints impacting the market’s trajectory, its development over the years, impact of government policies, and the investment feasibility for new players, besides other exhaustive information. Information thus compiled is presented in a coherent chapter-wise format, interspersed with relevant statistics, graphs, infographs, and tables.
As per reports pumps consumer over 22% of the global energy consumption. However, with intelligent pump systems, advance materials, and efficient fluid technologies it is possible to reduce energy consumption and reduce cost incurred on the operation too. This has been made possible through innovations and investments in research and development by the leading market players. As they focus on manufacturing advanced pumping systems with lesser energy consumption, the market for high pressure pumps is expected to grow in response.
Furthermore, the global high pressure pumps market is also gaining from the implementation of stringent government regulations aimed at curbing emission. The market will therefore report strong gains, driven by the increasing output and rising application in power generation, chemical and pharmaceuticals, and oil and gas industries.
Regionally, Asia Pacific is poised to emerge as the leading market for high pressure pump in the world. In addition, the market players will also witness substantial opportunities across the Americas, Europe, and the Middle East and Africa. Besides the high economic growth exhibited by leading economies across Asia Pacific, the high pressure pumps market will also gain from the spike in manufacturing and development activities in India and China.
With regard to segments based on type, dynamic high pressure pumps are likely to constitute the highest grossing segment between 2017 and 2021. The dominance of the segment is ascribable to their use in removing paint from metal structures, tube dechoking, cleaning heat exchanges, and application in the oil and gas sector. Furthermore, high pressure pumps are also used in water and wastewater treatment, for processing drinking water, and in machine tool lubrication. Such diverse application will help the dynamic high pressure pumps segment attain dominance and retain the same through the course of the report’s forecast period.
To study the market’s vendor landscape, and how the trajectory of most major players would be during the forecast period, the report presents profiles of some of the leading companies. Strategies adopted by companies such as Grundfos (Denmark), Andritz (Austria), Sulzer Ltd. (Switzerland), GEA Group (Germany), and The Weir Group Plc. (U.K.) are evaluated. Experts observed that a majority of established brands in the high pressure pumps market are focusing on penetrating into the emerging economies. The focus on expanding their geographic footprint could be an outcome of the stagnating opportunities in developed regions as compared to their emerging counterparts.
Besides this, SWOT analysis is conducted on the companies profiled to help readers identify strengths and weaknesses of these enterprises, The analysis is also intended to provide clear insight into the opportunities and threats that these companies may witness during the course of the forecast period.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report