DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "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 & Manufacturing Industries) - Global Forecast to 2021" report to their offering.
The global high pressure pumps market is projected to grow at a CAGR of 3.2% from 2016 to 2021, to reach a market size of USD 2.76 Billion by 2021.
This growth is attributed to the development of the manufacturing sector in South Asian countries and investments in sectors other than oil & gas in the Middle East and North Africa (MENA) region.
The report segments the high pressure pumps market on the basis of type into positive displacement and dynamics. The dynamic segment is projected to dominate the high pressure pumps market.
The high pressure pumps market has been segmented based on pressure ranging from 30 bar-100 bar, 101 bar-500 bar, and above 500 bar. The segment ranging from 30 bar-100 bar accounted for the largest market share in 2015. These high pressure pumps are being increasingly adopted due to their wide application in various industries for cleaning purposes.
The report segments the high pressure pumps market based on end-user into oil & gas, power generation, chemical & pharmaceuticals, manufacturing industries, and others. The manufacturing industries segment is expected to grow at the fastest rate during the forecast period. Manufacturing industries include textile, food processing, and automotive. The growth of these sectors, particularly food processing and automotive, will likely drive the manufacturing industry segment. This segment is expected to create new revenue pockets for the high pressure pumps market during the forecast period.
In this report, the high pressure pumps market has been analyzed with respect to six regions, namely, North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. Asia-Pacific is expected to dominate the global high pressure pumps market during the forecast period, owing to the extensive use of these devices in manufacturing industries such as steel and automotive, among others.
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.).
For more information about this report visit http://www.researchandmarkets.com/research/x6v6h8/high_pressure