The global high pressure pumps market is projected to reach a market size of USD 2.76 Billion by 2021, at a CAGR of 3.2% from 2016 to 2021. Increasing manufacturing and infrastructural activities in Southeast Asia, investments in sectors other than oil & gas in the Middle East & North Africa (MENA), and the growing green chemical industry in the U.S. are the major factors driving the high pressure pumps market.
Dynamic high pressure pumps are expected to constitute the fastest growing market from 2016 to 2021. These pumps are used in the oil & gas sector for cleaning heat exchanger, rust and paint removal from metal structures, and tube dechoking. In the water & wastewater treatment sector, it is used for processing drinking water, reverse osmosis process, and machine tool lubrication.
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End-User:
- Oil & Gas
- Power Generation
- Manufacturing Industries
- Chemical & Pharmaceuticals
- Others
The report segments the high pressure pumps market based on end-user into oil & gas, power generation, chemical & pharmaceuticals, manufacturing industries, and others. The manufacturing industries segment is expected to grow at the fastest rate during the forecast period. Manufacturing industries include textile, food processing, and automotive. The growth of these sectors, particularly food processing and automotive, will likely drive the manufacturing industry segment. This segment is expected to create new revenue pockets for the high pressure pumps market during the forecast period.
Asia-Pacific: The leading market for high pressure pumps
In this report, the high pressure pumps market has been analysed with respect to six regions, namely, North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. Asia-Pacific is expected to dominate the global high pressure pumps market during the forecast period, owing to the extensive use of these devices in manufacturing industries such as steel and automotive, among others. The Asia-Pacific market is projected to grow at the highest CAGR from 2016 to 2021. The region is the largest market for the construction sector. The growth of the manufacturing sector, especially in Southeast Asian countries, coupled with an increase in power generation capacity in India, is expected to drive the high pressure pumps market in the region.
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Leading players in the high pressure pumps market include Andritz (Austria), GEA Group (Germany), Grundfos (Denmark), Sulzer Ltd. (Switzerland), and The Weir Group Plc. (U.K.).