High-Pressure Pumps Market by Type (Dynamic and Positive Displacement), Pressure (30 Bar to 100 Bar, 101 Bar to 500 Bar, and Above 500 Bar) and End-Use Industry (Oil & Gas, Power Generation, Manufacturing Industries, Chemical & Pharmaceuticals, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

High-Pressure Pumps Market Outlook - 2030

The global high-pressure pumps market was valued at $2.5 billion in 2020, and is projected to reach $3.4 billion by 2030, growing at a CAGR of 3.1% from 2021 to 2030. 

COVID-19 pandemic outbreak across the globe has halted the industrial manufacturing and oil & gas exploration activities amid government imposed lock down measures owing to which the demand of high-pressure pumps has been declined across the globe.

High-pressure pumps are designed to bear pressure more than normal pressure. Selection of pump depends on available space, type of liquid to be pumped, and its volatility and limit up-to which the liquid may contain solids.

Get more information on this report : Request Sample Pages

The global demand for high-pressure pumps market is primarily driven by rise in investments in the oil & gas industry. 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. Hence, owing to surge in oil & gas exploration activities across the globe, demand for high-pressure pumps is anticipated to surge significantly during the forecast period. In addition, according to the India Brand Equity Foundation (IBEF) Report, automobile production increased at a CAGR of 7.08% CAGR from 2013–2018, with 29.07 million vehicles built in the country in 2108. From April 2018 to January 2019, automobile production increased by 9.84% year-on-year to reach 26.26 million vehicle units. This is expected to drive the growth of high-pressure pumps market as this would increase demand for high-pressure pumps from automotive industry to compress fuels at high-pressure injection in automobiles.

However, slowdown in the oil & gas industry is expected to hamper growth of the high-pressure pumps market during the forecast period. Furthermore, wide-scale adoption of carbon capture and storage (CCS) services is expected to provide growth opportunities for the market during the forecast period.

The global high-pressure pumps market size is segmented on the basis of type, pressure, end-use industry, and region. By type, it is analyzed across dynamic and positive displacement. By pressure, it is segmented into 30 Bar to 100 Bar, 101 bar –500 bar, and above 500 Bar. By end-use industry, it is divided into oil & gas, power generation, manufacturing industries, chemical & pharmaceuticals, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

The major key players operating in the global high-pressure pumps industry include Cat Pumps, Maximator GmbH, Andritz, GEA Group, Grundfos, Sulzer Ltd., The Weir Group PLC, KSB SE & Co., Danfoss, and Hammelmann. Other players operating in this market include Teledyne Isco, Zhejiang Danau Industries Co., Ltd., and Udor S.P.A.

Global High-pressure Pumps Market, By Region

Asia-Pacific accounted for a major market share in 2020, owing to huge economic growth, which has resulted in development of industrial infrastructure. Industrial infrastructure in the region is witnessing growth with policy level focus on driving the industrial sector. Most countries in Asia-Pacific are in its growing phase and high rate of population growth has led to rise in demand for various manufactured items such as food, textile, steel, and electricity. Majority demand for high-pressure pumps is coming from China and India, owing to rapid economic growth and increase in population is expected to drive growth of the market during the forecast period. In addition, investments in India in refining and petrochemicals industries are expected to pave a way for the high-pressure pump market in India. Refining capacity of India grew to 22495.43 TMT in March 2019, an increase of 6.51% from March 2018. Refining capacity of China is also on the rise, with a recent contract for 1 MTA ethylene and refinery expansion project of Sinochem Quanzhou Petrochemical. Most countries in Asia-Pacific have positive outlook pertaining to industries such as manufacturing sector, steel industry, and oil & gas, which, in turn, are expected to drive demand for high-pressure pumps during the forecast period.

Get more information on this report : Request Sample Pages

Global High-pressure Pumps Market, By Type

The dynamic segment accounted for a major share in the high-pressure pumps market in 2020, owing to their increased applications in various industries due to their ability to generate different flow rates and cost-effective adoption. In addition, chemical manufacturers who need to create high-pressure, use a series of dynamic pumps to reduce cost of equipment in different chemical processes.  Growing manufacturing, chemical & pharmaceuticals, oil & gas industries across developing economies such as China, India, and Brazil are anticipated to surge demand for dynamic high-pressure pumps during the forecast period.

Get more information on this report : Request Sample Pages

Global High-pressure Pumps Market, By Pressure

The 30 Bar to 100 Bar segment accounted for a major share in the high-pressure pumps market in 2020 as manufacturing industries are using a series of these pumps to generate high-pressure, owing to their low-space requirement, low-cost, and easy installation and maintenance. Owing to increase in foreign direct investments and rapid industrialization across developing economies such as China, India, and Brazil, have led to surge in setting up of various manufacturing or production units of various industrial verticals such as chemical, pharmaceutical, steel, and automotive across these countries. It is attributed to availability of raw materials and laborers at lower prices. Hence, owing to growth in the manufacturing industry across these developing economies, demand for high-pressure pumps is expected to surge significantly during the forecast period.

Get more information on this report : Request Sample Pages

Global High-pressure Pumps Market, By End-use Industry

The oil & gas industry accounted for a major high-pressure pumps market share in 2020, owing to adoption of several types of high-pressure pumps such as electric submersible pumps, helico-axial pumps, deep well pumps, progressive cavity pumps, and twin-screw pumps in exploration, production, and transportation activities. 

Get more information on this report : Request Sample Pages

COVID-19 analysis:

• According to the International Monetary Fund (IMF), owing to the outbreak of novel coronavirus (COVID-19), the global economy shrunk by 3.0% 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.
• According to the United Nations Industrial Development Organization (UNIDO), 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. In addition, in the second half of 2020, some countries started to lift restrictions and gradually start business operations in various sectors. Even with the gradual lifting of the lockdown, it is expected to be challenging for the manufacturing sector to get back to normal working conditions. This is expected to subsequently affect the high-pressure pumps market growth in the coming years.
• According to the UNIDO, 30.0%–70.0% of pre-COVID-19 workforce of various manufacturing industries, such as steel and chemical have migrated back to their hometowns due to uncertainties and loss of income during the lockdown. This non-availability or less availability of workforce is expected to directly affect production activities of these industries, thereby resulting in decline in demand for high-pressure pumps. This is expected to decline growth of the market during the forecast period. 

Key benefits for stakeholders

• The global high-pressure pumps market analysis covers in-depth information of major industry participants.
• Porter’s five forces analysis help analyze potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
• Major countries have been mapped according to their individual revenue contribution to the regional market.
• The report provides in-depth analysis of the global high-pressure pumps market forecast for the period 2021–2030.
• The report outlines the current global high-pressure pumps market trends and future scenario of the global high pressure pumps market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets. 
• Key drivers, restraints, & opportunities and their detailed impact analysis are explained in the global high-pressure pumps market study.

Key market segments

By Type

• Dynamic
• Positive Displacement

By Pressure

• 30 Bar to 100 Bar
• 101 Bar to 500 Bar
• Above 500 Bar

By End-Use Industry

• Oil & Gas
• Power Generation
• Manufacturing Industries
• Chemical & Pharmaceuticals
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest of Asia-Pacific
• LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA