The growth in the global high pressure pumps market is being driven by the growth in the manufacturing sector in South Asian countries and increasing investments in sectors other than oil and gas in Middle East and Africa (MEA). The manufacturing industries segment is expected to grow at a significant rate, during the forecast period (2016 – 2022). The growth of these sectors is attributed to growth in the food processing and automotive industries. Growth in the manufacturing industry is expected to create opportunities in the high-pressure pumps market during the forecast period. Additionally, the growing green chemical industry in the U.S. is expected to drive the high pressure pumps market. Also, the abundant supplies of cheap natural gas in the U.S., viability of solar power in Spain, western United States and other regions are causing a surge in the demand for high pressure pumps, across the globe.
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High pressure pumps are used in aerospace industry, petrochemical related fields, material testing, coating removal and cutting of materials. Oriented Strand Board (OSB) is used in building construction for roofs, sidewalls and flooring. High pressure pumps are used to supply phenyl resins and waxes to the blender, owing to their superior ability to handle viscous products, develop high pressure and provide excellent metering capabilities. In biofuel manufacturing, high pressure pumps offer a cost-effective solution for the processing of raw material. The diversity of pump types, designs and materials leads to an increasing range of applications where pumping is required. Moreover, new transformational technologies, including shale gas extraction, using hydraulic fracturing (“fracking”), geothermal energy, solar power, are fueling the demand for high pressure pumps. Exploitation of these technologies depend on whether the pump industry could respond to the existing and upcoming challenges.
Asia-Pacific is expected to be the largest high pressure pumps market during the forecast period, owing to increasing use of high pressure pumps in the manufacturing industries, including steel and automotive. The growth of the manufacturing sector in Southeast Asian countries, coupled with increase in power generation capacity in India is expected to drive the high pressure pumps market in the region.
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Some of the key players in the global high pressure pumps market include Andritz, GEA Group, Grundfos, Sulzer Ltd., RB Wagner, Inc., URACA GmbH & Co. KG, KAMAT GmbH & Co KG and The Weir Group Plc.
Global Pressure Pumps Market Segmentation
- Positive Displacement
- 30 Bar–100 Bar
- 101 Bar–500 Bar
- Above 500 Bar
- Oil & Gas
- Power Generation
- Manufacturing Industries
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