High-Pressure Pumps Market to Grow from $2.5B in 2020 to $3.4B by 2030, Achieving 3.1% CAGR

WILMINGTON, DE , UNITED STATES, July 10, 2024 /EINPresswire.com/ -- 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.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: https://www.alliedmarketresearch.com/request-sample/2159

High-pressure pump is broadly defined as any pump that can generate high discharge pressure, generally in excess of 800 psi. These pumps are extensively used across oil & gas, power generation, chemical, pharmaceuticals, and manufacturing industries.

Demand for high-pressure pumps has witnessed tremendous growth driven by increase in manufacturing and infrastructural activities in Southeast Asia; growing investments in sectors other than oil & gas in the Middle East & North Africa (MENA); and growing green chemical industry in the U.S. All industry players are investing heavily to find new commercial avenues for their product segments via contracts & agreements with other companies, business expansion, new product development, and mergers & acquisitions. 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.

𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐎𝐧 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/checkout-final/9589321bd157a54196ae9a2d00da9411

By type, the global high-pressure pumps market size is studied across dynamic and positive displacement. The dynamic segment accounted for the largest market share in 2020, owing to their increased applications in various industries as they generate different flow rates and cost-effective adoption. The dynamic segment dominated the global market with more than half of the total market share in 2020.

By pressure, the global high-pressure pumps market is studied across 30 Bar-100 Bar, 101 Bar to 500 Bar, and above 500 Bar. The 30 Bar-100 Bar segment accounted for the largest market share 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. The 30 Bar-100 Bar segment dominated the global market with more than half of the total market share in 2020.

By end-use industry, the global high-pressure pumps market is studied across oil & gas, power generation, manufacturing industries, chemical & pharmaceuticals, and others. The oil & gas segment emerged as a leader 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. The oil & gas segment dominated the global high-pressure pumps market with more than one-third of the total market share in 2020.

Region-wise, the global high-pressure pumps market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for the largest market share 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. Asia-Pacific accounted for a major high-pressure pumps market share in 2020, and dominated the global market with two-fifths of the total market share in 2020.

𝐈𝐟 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐚𝐧𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬, 𝐏𝐥𝐞𝐚𝐬𝐞 𝐟𝐞𝐞𝐥 𝐟𝐫𝐞𝐞 𝐭𝐨 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐨𝐮𝐫 𝐚𝐧𝐚𝐥𝐲𝐬𝐭 𝐚𝐭: https://www.alliedmarketresearch.com/connect-to-analyst/2159

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐭𝐮𝐝𝐲:

In 2020, Asia-Pacific dominated the global high-pressure pumps market with around 40.0% share, in terms of revenue. In addition, it is also projected to grow at the highest CAGR of 3.5% in terms of value.
The dynamic high-pressure pumps segment dominated the global high-pressure pumps market with around 55.0% of the share in terms of revenue. In addition, it is also projected to grow at the highest CAGR of 3.6% in terms of value.
The 30 Bar-100 Bar segment dominated the global high-pressure pumps market with around 55.0% of the share in terms of revenue. In addition, it is also projected to grow at the highest CAGR of 3.3%, in terms of value.
The oil & gas segment dominated the global high-pressure pumps market with 34.0% of the share in terms of revenue.
The manufacturing industries segment is projected to grow at the highest CAGR of 3.8% in terms of revenue.

David Correa
Allied Market Research
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