The High Pressure Pumps Market is projected to grow from USD 3,290.3 Billion in 2024 to USD 4,229.1 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.2% during the forecast period (2024 - 2032). According to the historical data, the High Pressure Pumps Market scored USD 3,203.8 in 2023.
High Pressure Pumps Market Scenario
High-pressure pumps are designed for bearing high-pressure amounts. These pumps play a role in agriculture, water supply, sewerage, and flood prevention. Hence, the market demand is propelling at the global level. The pumps are suitable for transferring liquid in washing systems, water-supply systems, cooling and air-conditioning systems, firefighting systems, industrial plants, water treatment systems, and boiler feeding systems. Therefore, the market’s demand in the commercial and residential sectors is growing higher.
The High-pressure pump systems Market is caused by rising heavy investments in the oil and gas sector. An increase in the demand in the metal fabrication and automotive verticals contributes to the market’s growth. The higher adoption rate of carbon capture and storage (CCS) services will lead to lucrative opportunities in the forecast period.
Additionally, the high pressure pumps global market is projected to grow at a high rate during the forecast period due to increasing demand for manufacturing automobiles. According to the India Brand Equity Foundation (IBEF) Report, the automobile production increased at 7.08 percent CAGR between FY13-18 with 29.07 million vehicles built in the country in FY18. During April 2018-January 2019, automobile production increased by 9.84 percent year-on-year to reach 26.26 million vehicle units. This would drive the Residential Booster Pumps market, as this would increase the demand for high pressure pumps to compress the fuel at a high pressure injection in automobiles. Adoption of carbon capture and storage (CCS) would act as an opportunity for the High-pressure pump technology market. As per the global status of CCS, released in December 2018,43 large-scale CCS facilities are in operation or under construction and development around the world.
High Pressure Pumps Market Key Players
The key players operating in the High Pressure Pumps Market are Cat Pumps (UK), Maximator GmbH (Germany), Andritz (Austria), GEA Group (Germany), Grundfos (Denmark), Sulzer Ltd (Switzerland), The Weir Group PLC (UK), KSB SE & Co. (Germany), Danfoss (Denmark), and Hammelmann (India).
Recent Developments in High Pressure Pumps Market
October 2023
Svanehj develops an LNG fuel high-pressure marine pump apparatus.
In response to the increased demand for vessels powered by LNG, Svanehj, an expert in marine pumps, is now providing a high-pressure pump solution for two-stroke engines.
Three combined frigid extremities on the new, compact HPP Triplex Unit are intended to optimize flow and extend service intervals.
Svanehj has developed the HPP Triplex Unit in order to satisfy the requirements of the maritime sector for durable, leak-proof critical components. By reducing friction, the frigid end's innovative low-pressure sealing system ensures extended service intervals. In an effort to decrease maintenance expenses even more, Svanehj has devised a cartridge replacement method that ensures prompt encapsulation. To optimize performance and minimize pressure loss, Svanehøj has implemented an innovative inlet valve configuration.
It is apparent that an increasing number of fuel gas supply system integrators are assuming a more significant role in the design of fuel supply systems, particularly for vessels powered by LNG, says Johnny Houmann, CSO in Svanehj. As a result, there is a growing demand for critical components that are specifically engineered to function in environments characterized by exceedingly low temperatures and high pressures. Drawing upon extensive decades of experience in low-pressure fuel and cargo pumps for LNG, we formulated a strategic determination to broaden our horizons and incorporate a greater segment of the LNG fuel supply system through the creation of a high-pressure pump unit that is specifically engineered for maritime applications.
Svanehj is dedicated to allocating 95% of its research and development (R&D) funds towards solutions and products that facilitate the energy transition in challenging-to-control sectors, in accordance with its ESG strategy. Pumps and equipment for carbon capture, Power-to-X, and LNG are included. Svanehj has made substantial investments in new products and services for the LNG segment in recent years, including the 2022 introduction of a submerged fuel pump and the 2023 acquisition of Complete Cryogenic Services (CCS), an American specialist in the service and overhaul of LNG pumps.
April 2022
- Clean Energy & Industrial Gases Group (Group), a cryogenic Industry, a part of Nikkiso Co., Ltd in Japan, is supplying one of the launch support systems in the world. For the last four decades, the company has provided uninterrupted operating systems for the space and launch industry.
- The units will supply continuous operations to fulfill mission tasks. Reliability is critical for the heavy-duty rocket launch because the pumps need to operate non-stop during the launching session. The Group is chosen for the launch support systems due to its 70 years of experience.
- D Group’s Cryogenic Pumps Unit (Nikkiso ACD) designed, engineered, and manufactured HD SLS is a vigorous, reliable addition to the reciprocating high-pressure line of pumps. These pumps are designed for rigorous requirements, including minimum cool-down time, wide turndown ratios, and maximized mean time between overhauls.
Moreover, several countries are expected to invest in CCS projects in the recent future. This indicates the future potential for the adoption of high pressure pumps and is expected to drive their demand during the forecast period. However, increasing fragmentation in the manufacturing of high pressure pumps would hinder the market growth, as it leads to declining profits.
Key players in the High Pressure Pumps global market such as Cat Pumps (UK), Maximator GmbH (Germany), Andritz (Austria), and GEA Group (Germany) are actively focusing on signing contracts and agreements with utilities and industries to supply High Pressure Pumps. Moreover, in 2018, Andritz signed a contract with Water Authority of Jordan to supply 12 multi-stage axial split case and high-pressure ring section pumps. This would add to the growth of the market, as the models have particularly high efficiency and, therefore, deficient energy consumption, and the new system lead to energy savings of up to 20 percent.
High Pressure Pumps Market Segmentation
The global high pressure pumps market has been segmented based on type, pressure range, end users, and region. Based on type, the global market is segmented into dynamic and positive displacement. The dynamic pump segment is expected to dominate the market worldwide. This is due to their increased applications in various industries, owing to their ability to generate different flow rates and cost-effective adoption. Moreover, chemical manufacturers who need to create high pressure, use a series of dynamic pumps to reduce the cost of equipment in different chemical processes.
On the basis of pressure range, the global market is divided into 30 Bar to 100 bar, 101 Bar to 500 Bar, and above 500 Bar. Among these, 30 to 100 Bar segment is estimated to register the higher growth during the forecast period. This is because manufacturers are using a series of these pumps to generate high pressure, owing to their low-space requirement, low cost, and easy installation and maintenance.
Based on end users, the global market is divided into oil & gas, chemical & pharmaceutical, power generation, and manufacturing industries. Among these, oil and gas segment is expected to dominate the market during the historical period, due to the adoption of several types of 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.
The global high pressure pumps market is expected to witness substantial growth during the forecast period owing to the increasing power generation capacity globally. According to Global Energy Statistical Yearbook 2019, China accounted for nearly 60% of global growth due to the high demand for gas and electricity, coupled with the increase in power generation capacity.
High Pressure Pumps Market Regional Analysis
On the basis of region, the global market is segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Asia-Pacific is expected to dominate the global market during the forecast period, owing to the extensive use of these devices in manufacturing industries such as steel and automotive, among others.
The region is the largest market for the construction sector. The growth of the manufacturing industry, especially in Southeast Asian countries, along with an increase in power generation capacity in India, is expected to drive the market in the region. China, under the 13th Five-Year-Plan (2016-2020), has planned to invest around RMB 559 billion or 0.75 percent of its GDP on its water treatment industry. Moreover, North America is expected to be the second largest market for high pressure pumps due to high investments in the oil and gas industry, majorly in E&P activities. The US is expected to dominate the market in North America, because the sectors like pharmaceutical, food & beverages, water treatment are heavily reliant on water, thus driving the growth of Industrial pumps Market.
Intended Audience in High Pressure Pumps Market
- High pressure pumps manufacturing companies
- High pressure pumps service provider
- Industry associations
- Consultants and investment bankers
- Government as well as independent regulatory authorities
- State and national regulatory authorities
- Process and manufacturing plants
- Power distribution utilities
- Investment and consulting firms
High pressure pumps are designed to bear pressure more than normal pressure. High pressure pumps play an active role in areas like water supply and sewerage, agriculture, and draining for flood prevention. High pressure pumps are widely suitable for liquid transfer in washing systems, cooling & air-conditioning systems, water-supply systems, water-treatment systems, firefighting systems, industrial plants, and boiler feeding systems. Increase in the demand of these pumps market among metal fabrication and automotive industries has led to the growth of the High Pressure Pumps Market.
Report Attribute/Metric
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Details
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Market Size 2023Â Â Â Â Â Â Â Â Â
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USD 3,203.8 Billion
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Market Size 2024Â Â Â Â Â Â Â Â Â
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USD 3,290.3 Billion
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Market Size 2032Â Â Â Â Â Â Â Â Â
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USD 4,229.1 Billion
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  Compound Annual Growth Rate (CAGR)
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3.2% CAGR (2024-2032)
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  Base Year
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  2023
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  Forecast Period
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  2024-2032
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  Historical Data
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  2019 & 2022
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  Forecast Units
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  Value (USD Billion)
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  Report Coverage
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  Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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  Segments Covered
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  Type, Pressure Range and End User
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  Geographies Covered
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  North America, Europe, Asia-Pacific, and Rest of the World (RoW)
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  Key Vendors
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  Cat Pumps (UK), Maximator GmbH (Germany), Andritz (Austria), GEA Group (Germany), Grundfos (Denmark), Sulzer Ltd (Switzerland), The Weir Group PLC (UK), KSB SE & Co. (Germany), Danfoss (Denmark), and Hammelmann (India)
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  Key Market Opportunities
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  Adoption of carbon capture and storage (CCS)
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  Key Market Drivers
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  Rising investments in the oil and gas industry
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High Pressure Pumps Market Highlights:
Frequently Asked Questions (FAQ) :
The market will reach USD 4,229.1 billion valuation by 2032.
The market gained a valuation of USD 3,203.8 in 2023.
The market recorded a CAGR of 3.2%.
The increase in the demand of these pumps among metal fabrication and automotive industries has led to the growth of the market.
Maximator GmbH (Germany), Cat Pumps (UK), and GEA Group (Germany) Andritz (Austria) are the key players of the market.