High-Pressure Pumps Market – Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018-2028F, By Type (Dynamic High-Pressure Pump and Positive Displacement High Pressure Pump), By Pressure (30 Bar–100 Bar, 101–500 Bar, And Above 500 Bar), By End-User (Oil & Gas, Power Generation, Chemical & Pharmaceuticals, and Manufacturing Industries) By Region, Competition.
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Water and Waste Management | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationHigh-Pressure Pumps Market – Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018-2028F, By Type (Dynamic High-Pressure Pump and Positive Displacement High Pressure Pump), By Pressure (30 Bar–100 Bar, 101–500 Bar, And Above 500 Bar), By End-User (Oil & Gas, Power Generation, Chemical & Pharmaceuticals, and Manufacturing Industries) By Region, Competition.
is anticipated to grow at a steady pace in the forecast period 2024-2028
Additionally, due to the rising need for the manufacturing of vehicles, the high-pressure pump market is anticipated to expand rapidly over the course of the projected period. Furthermore, the manufacturing of pumps has seen the integration of 3D printing technology with machine simulation, leading to the development in pump design, replacement, and repair which, in turn, increases the demand for high-pressure pumps, presenting a market opportunity in the years to come.
High-pressure pumps work in the 20 bars to 3000 bar pressure range. High-pressure plunger pumps can be used for a wide range of tasks, including desalination, reverse osmosis, industrial cleaning, boiler feed pumps, hydraulic mining stations, stress tests for pipelines, water mist injection for gas turbines, automobile fuel injection, firefighting systems, and water mist injection. Since high-pressure pumps' performance range is so wide-ranging, the ideal pump solution may be devised for any application.
Growing Applications of High-Pressure Pumps in the Oil and Gas Sector
Drilling operations require high-pressure pumps. They supply the pressure needed to circulate drilling fluids (mud) through the bit, through the annulus, and back down the drill pipe, which cools the drill bit, transports cuttings to the surface, and stabilizes the wellbore. High-pressure pumps are used to maintain wellbore stability, increase drilling rates, and assure effective drilling operations.
For instance, to a record 101.7 mb/d in 2023, the world's oil consumption is anticipated to increase by 1.9 mb/d.
Rising Demand for Water and Wastewater Treatment Accelerating the Market Growth
A rise in demand for water and wastewater treatment is being driven by urbanization, population growth, and environmental concerns. Reverse osmosis, ultrafiltration, and desalination, all depend heavily on high-pressure pumps, leading to the growth of water treatment sector. For instance, in November 2021, Kemira increased its ability to produce chemicals for water treatment in the United Kingdom. The yearly output of ferric-based water treatment chemicals in Goole has risen by approximately 100 kilotonnes because of this development. In January 2021, the company was also raised by 30,000 tones chemical treatment capacity, which is the amount of aluminum-based water treatment chemicals produced at Ellesmere Port. Due to rising demand for water and wastewater treatment, the requirement for high-pressure pumps is also growing in the forecast period.
Advancements in Manufacturing Processes and Acceptance of High-Pressure Pumps in the Construction Sector
Modern industrial processes require high-pressure pumps for precise cleaning, cutting, and surface preparation. These operations have become more automated and reliant on technology. These pumps are essential to the effective and dependable functioning of sectors, including automotive, aerospace, and electronics. Moreover, high-pressure pumps are being developed with an emphasis on energy efficiency, which lowers power consumption and operating costs. The demand for energy-efficient high-pressure pumps is rising as energy conservation and sustainability become more and more significant concerns.
Additionally, high-pressure pumps are necessary for positions like concrete spraying, grouting, and pressure testing on infrastructure development projects like the building of roads, trains, and buildings. The demand for high-pressure pumps is anticipated to increase as growth in building activities spread around the globe. For instance, over the next several years, the construction industry is anticipated to expand due to the rising building activity in emerging economies. China, Brazil, India, Saudi Arabia, and Indonesia were among the emerging economies with active building sectors. For instance, the National Bureau of Statistics reported that the contribution of the construction industry to China's GDP increased from 6.2% in 2019 to 25.9% in 2020. The high-pressure pump market grew as a result of the quick increase in construction activities. Moreover, Hydro demolition has been in rising popularity since it is a non-destructive approach to removing concrete from building and maintenance projects. To remove degraded or damaged concrete without causing additional damage, it employs high-pressure water jets. Also, high-pressure pumps are becoming more and more essential as the demand for hydro demolition rises.
IIOT In Industries Will Drive The Market Growth
The market for high-pressure pumps is being impacted by the implementation of IIoT in industrial settings. IIoT makes it possible for pumps and other systems to communicate and exchange data, improving monitoring, performance optimization, and preventative maintenance. Both downtime and operating efficiency are improved. The durability and dependability of high-pressure pumps have improved because of developments in materials and coatings. The use of corrosion-resistant materials, wear-protective coatings, and high-strength components are examples of innovations. These advancements lengthen the useful life of pumps and require less maintenance.
Recent Developments
- Additionally,
developments in India's petrochemical and refining sectors are anticipated
to open up the country's market for high-pressure pumps. India's refining
capacity increased by 6.51% from March 2018 to 22495.43 TMT in March 2019.
- In
June 2019, Morocco constructed the world’s largest seawater desalination
plant which costed around USD 310 million. Now they have treatment
capacity of around 75 million cubic meters of water per year.
- In
order to fulfil country's rising demand for gasoline and petrochemicals,
Saudi Aramco and its Chinese partners plan to begin full operations at a
refinery and petrochemical complex in northeast China in 2026. The
USD 10 billion project at Panjin, Liaoning province, will be Aramco's
second significant refining-petrochemical venture in China. This project
is expected to create a huge opportunity for market players.
Market Segmentation
The Global High-Pressure Pumps Market is divided into type, pressure, end-user, and region. Based on type, the market is segmented into Dynamic High-Pressure Pump and Positive Displacement High Pressure Pump. Based on pressure, the market is segmented into 30 Bar–100 Bar, 101–500 Bar, And Above 500 Bar. Based on end-user, the market is segmented into Oil & Gas, Power Generation, Chemical & Pharmaceuticals, and Manufacturing Industries. Based on region, the market is divided in North America, Asia-Pacific, Europe, South America, Middle East & Africa
Market Players
Major market players in the Global High-Pressure Pumps Market are Grundfos, Andritz AG, GEA Group AG, Comet S.p.A, Danfoss Group, Sulzer Ltd., The Weir Group PLC., CAT Pumps, Teledyne Isco, Zhejiang Danau Industries Co., Ltd, Udor S.P.A.
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historic Data |
2018 –
2021 |
|
Estimated Year |
2023 |
|
Forecast Period |
2024
– 2028 |
|
Quantitative Units |
Revenue in USD Million, and CAGR for 2018-2022
and 2024-2028 |
|
Report coverage |
Revenue forecast, company share, growth factors, and
trends |
|
Segments covered |
Type Pressure End User Region |
|
Regional scope |
North America, Asia-Pacific, Europe, South America, Middle East & Africa |
|
Country scope |
United States, Canada, Mexico, China,
Indian, Japan, South Korea, Indonesia, Germany, United Kingdom, France, Russia,
Spain, Brazil, Argentina, Saudi Arabia, South Africa, UAE, Egypt, Israel |
|
Key companies profiled |
Grundfos, Andritz AG, GEA Group AG, Comet S.p.A,
Danfoss Group, Sulzer Ltd., The Weir Group PLC., CAT Pumps, Teledyne Isco,
Zhejiang Danau Industries Co., Ltd, Udor S.P.A. |
|
Customization scope |
10% free report customization with
purchase. Addition or alteration to country, regional & segment scope. |
|
Pricing and purchase options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery Format |
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request) |
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