High Pressure Pumps Market Analysis by End Use Industry (Chemical & Pharmaceuticals, Oil & Gas, Power Generation, Manufacturing Industries); Pressure (30 to 100, 101 to 500, Above 500 Bar); Type (Positive Displacement, Dynamic)– Global Supply & Demand Analysis & Opportunity Outlook 2023-2035
Buy Now Report ID: 4915 | Published Date: May 02, 2023
High Pressure Pumps Market size is estimated to reach ~USD 7.92 Billion by the end of 2035 by growing at a CAGR of ~6.20% over the forecast period, i.e., 2023 – 2035. In addition to this, in the year 2022, the market size of high-pressure pumps was ~USD 3.85 Billion. The growth of the market can be attributed to the increasing investment by the oil & gas industry in the exploration activities. Furthermore, the rise in oil and gas exploration activities is increasing the demand for high-pressure pumps. Hence, it is expected to surge the growth of the high pressure pumps market in the upcoming years. As per the reported data, the capital expenditure (capex) on development in the United States oil and gas industry was around 40 billion US dollars in 2021, whereas capex on exploration was roughly 8 billion US dollars.
A high-pressure pump is a plunger pump that uses plungers to transfer fluids from low to high pressure. The applications of high-pressure pumps are found in various fields, such as stress test for pipelines, automobile fuel injection, process pumps in the chemical industry, and others. Moreover, they are intended for bearing different high-pressure ranges in different industries. There are three ranges of high-pressure pumps, such as 30 to 100, 101 to 500, above 500 Bar. Moreover, the pump is selected on the basis of the form of liquid that needs to be pumped, the available space, and other factors.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~6.20% |
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Base Year Market Size (2022) |
~ USD 3.85 Billion |
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Forecast Year Market Size (2035) |
~ USD 7.92 Billion |
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Regional Scope |
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Growth Drivers
The global high-pressure pumps market is segmented and analyzed for demand and supply by end use industry into chemical & pharmaceuticals, oil & gas, power generation, manufacturing industries, and others. Out of these end use industries, the manufacturing industries segment is estimated to gain the significant market share by the year 2035. The growth of the segment can be attributed to the increasing demand for high-pressure pumps among the automotive, steel manufacturing, processed food & beverages, textile, automotive industries. The high-pressure pumps are used for various applications in the manufacturing industries, such as transporting chemicals in the chemical industry, handling water in steel production, and transporting fluids in the automotive sector. Therefore, all these factors are predicted to boost the segment in the market. For instance, Centrifugal pumps are the most commonly high-pressure pumps used for handling water in the steel production industries.
The global high-pressure pumps market is also segmented and analyzed for demand and supply by pressure into 30 to 100, 101 to 500, above 500 bar. Amongst these three segments, the 300 to 100 segment is expected to garner a significant share of around ~45% in the year 2035. This can be attributed to the rising adoption of a series of pumps with a range of 30 to 100 in the manufacturing industry. As these pumps are easy to install, and maintain, along with their low space requirement, and cost. Therefore, all these factors are projected to provide opportunities for the growth of the segment in the market.
Our in-depth analysis of the global high-pressure pumps market includes the following segments:
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By End Use Industry |
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By Pressure |
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By Type |
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The market share of high-pressure pumps in Asia Pacific, amongst the market in all the other regions, is projected to be the largest with a share of about ~31% by the end of 2035. The growth of the market can be attributed majorly to the increasing adoption of pressure pumps in industries, followed by the surge in power plants, the increase in several automobiles, and others. Owing to rapid economic development, there has been surging demand for high-pressure pumps from countries such as India, and China. Furthermore, rising investment in the oil, and refining exploration projects in the region, is further expected to boost the growth of the market in the Asia Pacific region. Furthermore, the growing use of high-pressure pumps for the generation of power in Southeast Asian countries is anticipated to rise the market’s growth in the region. According to the Indian Brand Equity Foundation, the ONGC announced the pan to invest USD 4 billion to increase exploration efforts in India, in May 2022.
The North American market is estimated to be the second largest, registering a share of about ~27% by the end of 2035. The growth of the market can be attributed majorly to the rising fire safety regulations, which increase the demand for high-pressure pumps, in the commercial as well as residential sectors. In addition, the increasing replacement of aging boiler feed pumps is rising the demand for high-pressure boiler feed pumps in a conventional power plant. Furthermore, the growing concern related to the sewage system among the countries, such as the U.S is also increasing the high-pressure pumps demand. Therefore, all these factors are estimated to expand the growth of the high-pressure market in the region over the forecast period.
Further, the market in the European, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2035. The growth of the market can be attributed majorly to the steady growth of traditional automobiles in the region. Furthermore, there is an increase in the presence of automotive manufacturers in the European region, which is raising the demand for high-pressure pumps. Moreover, these pumps are responsible for generating a high enough pressure, so that the fuel fully atomizes. Along with the manufacturers, there are also increase in car wash businesses for the maintenance of automobiles, that use the high-pressure pumps for the water facility. Therefore, it is anticipated to rise the growth of the market in the region by the end of the year 2035.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Payel Roy, Dhruv Bhatia
Ans: Surging need for irrigation facilities, growing chemical industry, and rise in the number of power plants are the major factors driving the market growth.
Ans: The market size of high-pressure pumps is anticipated to attain a CAGR of ~6.20% over the forecast period, i.e., 2023 – 2035.
Ans: Requirement of regular maintenance for high-pressure pumps, and adoption of an advanced technology as a substitute are estimated to be the growth hindering factors for the market expansion.
Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Ans: The major players in the market are Sulzer Ltd, Danfoss A/S, Maximator GmbH, Teledyne Group, ANDRITZ AG, The Weir Group PLC, GEA Group Aktiengesellschaft, Ardelyx, Inc., Comet Spa, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by end use industry, pressure, type, and by region.
Ans: The manufacturing industries segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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