High Pressure Pumps Market – Overview
High-Pressure Pumps as the name suggests are mechanical pumps used to impart a pulsating dynamic flow to a liquid. In other words, HP pumps are designed to boosts the pressure of fluid or water above normal pressure while acting as a pressure maintenance device for various process application, such as hydro-testing of pipeline, valves, and vessels.
Versatile HP pumps find their applications in a range of areas across the industries, majorly including water treatment, pharmaceuticals, O&G, Chemical, Power Generation and Manufacturing Industries. Attributing to their wide-spread application areas, High-Pressure Pumps witness an extensive demand, and hence, its market has become an ever-increasing space.
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Global High Pressure Pumps Market – Competitive Analysis
The market is highly competitive yet consolidated. Mergers & acquisitions, Innovation, brand reinforcement and partnership remain the key trends for leading players. They strive to develop HPP that can reduce the downtime and maintenance with longer life lowering the total costs. Due to the expected extensions in product, service, and product innovations, the market is soon expected to witness a fierce competition.
Industry/ Innovations/ Related News
June 15, 2018 – Annovi Reverberi Group, (Italy), a leading global manufacturer of high-pressure pumps and industrial pumps, announced the acquisition of Ace Pump Corp. (US), a manufacturer of pump solutions. The acquisition is for a 95% stake in the manufacturing of pump solutions for agricultural and off-highway applications, and Ace will retain a 5% stake in pumps. The deal is expected to widen Annovi’s international presence and mark the first US production site for the group.
June 19, 2018 – OTC Tools (US), a major manufacturer and supplier of professional equipment and a wide range of servicing tools and equipment introduced four fuel injector, fuel pump tools to help technicians complete fuel system jobs more efficiently. By launching these fuel injectors and tools – 6706 Injector Rail Assembly Remover, 6707 Injector Seal Installer Adapter, 6708 Injector Retaining Clip Replacer and 6710 Fuel Pump Installation Gauge, OTC has expanded its North American product line-up. Out of these four, the 6710 Fuel Pump Installation Gauge, verifies that the camshaft fuel pump lobe is at base circle position before installing the high-pressure fuel pump.
Global High Pressure Pumps Market – Segments
The High Pressure Pumps market can be segmented into 4 key dynamics for the convenience of the report and enhanced understanding;
By Types : Dynamic and Positive Displacement among others
By Pressure Range : 30 bar to100 bar, 101 bar to 500 bar, and above 500 bar.
By End-Users : Oil & Gas, Chemical & Pharmaceutical, Power Generation and Manufacturing Industries among others.
By Region : North America, Europe, APAC and Rest-of-the-World.
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Global High Pressure Pumps Market – Regional Analysis
Globally, the Asia Pacific High-Pressure Pumps Market accounts for the leading market. APAC countries such as China, India, and Japan backed by the increasing industrialization account for the major contributors to the market growth. The market is likely to retain its dominance throughout the forecast period, attributing to the burgeoning manufacturing sectors.
On the other hand, the North America market is expected to grow at significant pace during the forecast period. Factors such as growth in the sectors that are heavily reliant on water like pharmaceutical, food & beverages, water treatment are fostering the sales in the market.
Europe is one of the lucrative markets for High Pressure Pumps, which is growing mainly due to the flourishing food & beverage and water treatment industries. The Middle East has also shown immense potential mainly owing to their efforts of reducing dependency on their oil and gas market which provides opportunities to a flourishing water treatment market translating into demand for High-Pressure Pumps.
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