High Pressure Pump Market
High Pressure Pump Market Forecasts to 2028 - Global Analysis By Product (Centrifugal Pump, Positive Displacement Pump, Dynamic), Pressure (30 Bar-100 Bar, 101 Bar-500 Bar and Above 500 Bar), Application, End-User and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $2.78 BN |
|
Projected Year Value (2028) |
US $3.77 BN |
|
CAGR (2022 - 2028) |
5.19% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global High Pressure Pump Market is accounted for $2.78 billion in 2022 and is expected to reach $3.77 billion by 2028 growing at a CAGR of 5.19% during the forecast period. A high-pressure pump is a machine that propels gases or liquids into pipelines, where they flow under pressure. For instance, a pump can pressurize a water supply system, enabling it to deliver higher pressures and flow rates than would be possible with just gravity. The automotive, textile, food, and chemical industries all use high-pressure pumps extensively. Pumps that can withstand pressure above that of the surrounding air are known as high pressure pumps. The type of liquid to be pumped, its volatility, and the maximum level at which solids can be present in the liquid all play a role in the pump selection process.
According to the India Brand Equity Foundation (IBEF) Report, Oil and Natural Gas Corporation (ONGC) has invested $2,730.0 million on drilling oil and gas wells from 2018-2019.
Market Dynamics:
Driver:
Usage in residential purposes
The global High Pressure Pump market expected to drive growth during the forecast period. Especially in homes or other residential areas, booster pumps have many advantages. A better sprinkler system, easier dishwashing, and improved water pressure are all benefits of having better water pressure, in addition to the obvious benefits of taking a shower. If the customer installed an automatic sprinkler system, the booster pump can help provide enough pressure to allow the water to reach each sprinkler head.
Restraint:
Increase in electricity price and not ecofriendly
Domestic booster pumps that are currently available are entirely powered by electricity, increasing the cost of electricity as a result. Additionally, these domestic electric booster pumps are not energy-efficient or environmentally friendly. The main obstacle to the domestic booster pump market's expansion will be the technical difficulties associated with these pumps. Therefore, it is anticipated that these factors will slow the market's growth during the forecast period.
Opportunity:
End-user capacity expansions and joint venture activities
The industrial sector has grown rapidly in developing regions and steadily in developed or mature markets over the last decade. Participants in the industry are eager to meet the demand in developing economies. The key market players are pursuing strategies such as expansion and joint ventures to boost their competitiveness, increase production capacity, and gain a better foothold in high-growth regions such as APAC. Rapid industrialization, rising living standards, a large population base, and low-cost labor in APAC have encouraged companies to set up shop and meet demand. Metering pump demand is expected to rise as new manufacturing units are set to open during the forecast period. Manufacturing facilities are focusing on automation to reduce lead times, unnecessary waste, and unplanned downtime while also ensuring environmental and personnel safety. During the forecast period, this is also expected to propel the market.
Threat:
End-user customization demands are increasing.
The metering pump requirements in various industries vary depending on the application. The flow rate and discharge pressure must be adjusted to meet the dosing requirements. Furthermore, different OEM manufacturer requirements vary by industry in terms of product design and performance. Metering pumps with measuring and control technology, terminal boxes, control cabinets for larger systems, and PLC programmable logic controllers are all in high demand. As a result, in order to meet process requirements, the company manufactures custom-made functional blocks. This makes it difficult for businesses to achieve economies of scale.
Covid-19 Impact:
COVID-19 pandemic was spread across the globe in 2020. Many countries are under strict lockdowns, which have forced several sectors to shut down their operations. This has halted manufacturing activities and reduced the demand and production of high-pressure pumps. The Micro, Small & Medium Enterprises (MSME) sector across developing economies, such as India, has been worst affected due to the COVID-19 outbreak and the lockdown imposed thereafter. This is expected to decline the demand for high-pressure pumps from various end-use industries such as building & construction, automotive, and paints & coatings.
The dynamic segment is expected to be the largest during the forecast period
The dynamic segment accounted for a significant share of the high-pressure pump market in 2020, owing to their increased applications in various industries due to their ability to generate different flow rates and cost-effective adoption. Furthermore, chemical manufacturers who need to generate high pressure use a series of dynamic pumps to reduce the cost of equipment in various chemical processes. Growing manufacturing, chemical and pharmaceutical, and oil and gas industries in developing economies such as China, India, and Brazil.
The 30 bar to 100 bar segment is expected to have the highest CAGR during the forecast period
The 30 bar to 100 bar segment is anticipated to witness the fastest CAGR growth during the forecast period. The segment's growth is due to manufacturers who use a series of these pumps to produce high pressure due to their low cost, small footprint, and ease of installation and maintenance. Furthermore, as the manufacturing industry in various developing countries expands, demand for high-pressure pumps is expected to rise, boosting demand for the segment.
Region with highest share:
Due to massive economic growth and the development of industrial infrastructure, Asia-Pacific will account for a significant market share in 2020. With a policy focus on driving the industrial sector, the region's industrial infrastructure is growing. Most Asian countries are growing, and the rapid rate of population growth has increased demand for a variety of manufactured goods such as food, textiles, steel, and electricity. The majority of demand for high-pressure pumps comes from China and India, where rapid economic growth and population growth are expected to drive market growth during the forecast period. Most Asia-Pacific countries have a positive outlook for industries such as manufacturing, steel, and oil and gas, which are expected to drive demand for high-pressure pumps during the forecast period.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period. The region is the largest market for the construction industry. The region's high-pressure pump market is expected to be driven by the growth of the manufacturing sector, particularly in Southeast Asian countries, as well as an increase in power generation capacity in India. Additionally, the rapid growth of manufacturing and other sectors in Asia-Pacific countries such as China and India is expected to boost demand for high-pressure pumps in the near future.
Key players in the market
Some of the key players in High Pressure Pump market include Andritz, CAT Pumps, Comet S.P.A, Danfoss Group, GEA Group, Gorman-Rupp Pumps, Grundfos , Hammelmann GmbH, KAMAT, KSB SE & Co. Danfoss , Maximator GmbH, MP Pumps, INC., Robert Bosch GmbH, Sulzer Ltd , Teledyne Isco, The Weir Group PLC., Thyssenkrupp, Udor S.P.A, WOMA GmbH and Zhejiang Danau Industries Co., Ltd.
Key Developments:
In July 2019, High Pressure Equipment Company (HiP), a subsidiary of Graco Inc., has introduced PT2020 Automated Controller System for air-driven high-pressure hydraulic pumps. The PT2020 controller is designed to provide automated pressure control for a wide range of hydrostatic testing. The automated pump controller comes in five pressure ratings: 10,000 psi, 25,000 psi, 40,000 psi, 60,000 psi and 75,000 psi.
In June 2019, Morocco is constructing the world’s largest seawater desalination plant which costs around $310 million. It will have a treatment capacity of around 75 million cubic meters of water per year. The plant is expected to be operating in 2021.
In Mar 2018, GEA presented its first high-pressure pump for membrane filtrations such as reverse osmosis and nanofiltration in dairies at Anuga FoodTec 2018. The GEA Hilge HYGIA H is a systematic further development of the GEA pump portfolio and expands the range of products for the dairy industry
Products Covered:
• Centrifugal Pump
• Positive Displacement Pump
• Dynamic pump
• Other Products
Pressures Covered:
• 30 Bar-100 Bar
• 101 Bar-500 Bar
• Above 500 Bar
Applications Covered:
• Industrial
• Green Houses
• Residential
• Other Applications
End-Users Covered:
• Oil & Gas
• Power Generation
• Manufacturing Industries
• Chemical
• Construction
• Pharmaceuticals
• Minerals & Mining
• Water & Wastewater Treatment
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global High Pressure Pump Market, By Product
5.1 Introduction
5.2 Centrifugal Pump
5.2.1 Axial Flow Pump
5.2.2 Radial Flow Pump
5.2.3 Mixed Flow Pump
5.3 Positive Displacement Pump
5.3.1 Reciprocating
5.3.2 Rotary
5.3.3 Others
5.4 Dynamic
5.5 Other Products
6 Global High Pressure Pump Market, By Pressure
6.1 Introduction
6.2 30 Bar-100 Bar
6.3 101 Bar-500 Bar
6.4 Above 500 Bar
7 Global High Pressure Pump Market, By Application
7.1 Introduction
7.2 Industrial
7.3 Green Houses
7.4 Residential
7.5 Other Applications
8 Global High Pressure Pump Market, By End-User
8.1 Introduction
8.2 Oil & Gas
8.3 Power Generation
8.4 Manufacturing Industries
8.5 Chemical
8.6 Construction
8.7 Pharmaceuticals
8.8 Minerals & Mining
8.9 Water & Wastewater Treatment
8.10 Other End Users
9 Global High Pressure Pump Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Andritz
11.2 CAT Pumps
11.3 Comet S.P.A
11.4 Danfoss Group
11.5 GEA Group
11.6 Gorman-Rupp Pumps
11.7 Grundfos
11.8 Hammelmann GmbH
11.9 KAMAT
11.10 KSB SE & Co. Danfoss
11.11 Maximator GmbH
11.12 MP Pumps, INC.
11.13 Robert Bosch GmbH
11.14 Sulzer Ltd
11.15 Teledyne Isco
11.16 The Weir Group PLC.
11.17 Thyssenkrupp
11.18 Udor S.P.A
11.19 WOMA GmbH
11.20 Zhejiang Danau Industries Co., Ltd.
List of Tables
1 Global High Pressure Pump Market Outlook, By Region (2020-2028) ($MN)
2 Global High Pressure Pump Market Outlook, By Product (2020-2028) ($MN)
3 Global High Pressure Pump Market Outlook, By Centrifugal Pump (2020-2028) ($MN)
4 Global High Pressure Pump Market Outlook, By Axial Flow Pump (2020-2028) ($MN)
5 Global High Pressure Pump Market Outlook, By Radial Flow Pump (2020-2028) ($MN)
6 Global High Pressure Pump Market Outlook, By Mixed Flow Pump (2020-2028) ($MN)
7 Global High Pressure Pump Market Outlook, By Positive Displacement Pump (2020-2028) ($MN)
8 Global High Pressure Pump Market Outlook, By Reciprocating (2020-2028) ($MN)
9 Global High Pressure Pump Market Outlook, By Rotary (2020-2028) ($MN)
10 Global High Pressure Pump Market Outlook, By Dynamic Pump (2020-2028) ($MN)
11 Global High Pressure Pump Market Outlook, By Other Products (2020-2028) ($MN)
12 Global High Pressure Pump Market Outlook, By Pressure (2020-2028) ($MN)
13 Global High Pressure Pump Market Outlook, By 30 Bar-100 Bar (2020-2028) ($MN)
14 Global High Pressure Pump Market Outlook, By 101 Bar-500 Bar (2020-2028) ($MN)
15 Global High Pressure Pump Market Outlook, By Above 500 Bar (2020-2028) ($MN)
16 Global High Pressure Pump Market Outlook, By Application (2020-2028) ($MN)
17 Global High Pressure Pump Market Outlook, By Industrial (2020-2028) ($MN)
18 Global High Pressure Pump Market Outlook, By Green Houses (2020-2028) ($MN)
19 Global High Pressure Pump Market Outlook, By Residential (2020-2028) ($MN)
20 Global High Pressure Pump Market Outlook, By Other Applications (2020-2028) ($MN)
21 Global High Pressure Pump Market Outlook, By End-User (2020-2028) ($MN)
22 Global High Pressure Pump Market Outlook, By Oil & Gas (2020-2028) ($MN)
23 Global High Pressure Pump Market Outlook, By Power Generation (2020-2028) ($MN)
24 Global High Pressure Pump Market Outlook, By Manufacturing Industries (2020-2028) ($MN)
25 Global High Pressure Pump Market Outlook, By Chemical (2020-2028) ($MN)
26 Global High Pressure Pump Market Outlook, By Construction (2020-2028) ($MN)
27 Global High Pressure Pump Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
28 Global High Pressure Pump Market Outlook, By Minerals & Mining (2020-2028) ($MN)
29 Global High Pressure Pump Market Outlook, By Water & Wastewater Treatment (2020-2028) ($MN)
30 Global High Pressure Pump Market Outlook, By Other End Users (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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