High Pressure Pumps Market to Reach +3% CAGR to 2021 Led by Asia-Pacific

The high pressure pumps market is projected to grow at a CAGR of 3.2% from 2016 to 2021 while the dynamic segment is expected to grow at the highest CAGR from 2016 to 2021 dominated by Asia-Pacific.

The high pressure pumps market is projected to reach USD 2.76 billion by 2021, at a CAGR of 3.2% from 2016 to 2021. High pressure pumps are used in the oil & gas, power generation, chemical & pharmaceuticals, and manufacturing industries. Investments in sectors other than oil & gas in the Middle East and North Africa (MENA) and the growth of the manufacturing sector in South Asian countries, coupled with the revival of the manufacturing industry in North America, are expected to drive the high pressure pumps market. The slowdown in the oil & gas industry will likely hinder market growth, as oil & gas is a potential end-user market for high pressure pumps.

Complete report on high pressure pumps market spread across 132 pages, profiling 12 companies and supported with 64 tables and 50 figures is now available at http://www.reportsnreports.com/reports/754279-high-pressure-pumps-market-by-type-dynamic-and-positive-displacement-pressure-30-bar-100-bar-101-500-bar-and-above-500-bar-end-user-oil-gas-power-generation-chemical-pharmaceuticals-and-manufactu-st-to-2021.html .

With regard to the type segment, dynamic high pressure pumps are expected to constitute the largest as well as the fastest growing market from 2016 to 2021. These pumps are used in the oil & gas sector for cleaning heat exchanger, rust and paint removal from metal structures, and tube dechoking. In the water &wastewater treatment sector, it is used for processing drinking water, reverse osmosis process, and machine tool lubrication. Positive displacement high pressure pumps are typically used in the power generation, manufacturing, food & beverage, shipbuilding, and manufacturing industries.

Asia-Pacific is currently the largest market for high pressure pumps closely followed by North America. The Asian market is primarily driven by countries such as China, India, and Japan, where there are high demands for high pressure pumps. The market in this region is projected to grow at a high rate, with China expected to dominate the market. Despite the headwinds in the Chinese economy, increasing domestic demand for various manufacturing facilities is expected to raise the growth rates slightly in 2017; this will likely boost the demand for high pressure pumps.

The leading players in the high pressure pumps market include Andritz (Austria), GEA Group (Germany), Grundfos (Denmark), Sulzer Ltd. (Switzerland), and The Weir Group Plc. (U.K.). Request a discount on a copy of High Pressure Pumps Market by Type (Dynamic and Positive Displacement), Pressure (30 Bar–100 Bar, 101–500 Bar, And Above 500 Bar), End-User (Oil & Gas, Power Generation, Chemical & Pharmaceuticals, and Manufacturing Industries) - Global Forecast to 2021 research reports at http://www.reportsnreports.com/contacts/discount.aspx?name=754279 .

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

• By Company Type: Tier 1- 25%, Tier 2- 40%, Tier 3- 35%

• By Designation: C-Level- 18%, Manager-Level- 35%, Others- 47%

• By Region: Asia-Pacific- 30%, Middle East- 23%, Europe-20%, North America- 18%, and Africa- 9%

The report defines, describes, and forecasts the global high pressure pumps market by type, pressure, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues. It also covers various important aspects of the market.

Inquiry Before Buying on this Report @ http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=754279 .

About Us:

ReportsnReports.com is an online market research reports library of 500,000+ in-depth studies of over 5000 micro markets. Not limited to any one industry, ReportsnReports.com offers research studies on agriculture, energy and power, chemicals, environment, medical devices, healthcare, food and beverages, water, advanced materials and much more.

Contact Info:
Name: Ritesh Tiwari
Email: Send Email
Organization: ReportsnReports
Address: 2nd Floor, Metropole, Next to Inox Theatre, Bund Garden Road, Pune - 411001 Maharashtra, India.
Phone: +1-888-391-5441
Website: http://www.reportsnreports.com

Release ID: 147185