Global Mechanical Pressure Pump Market Report Size, Trends & Growth Opportunity, By Type (Plunger Pumps (Duplex pump, Simplex pump, Triplex plunger pump, Multiplex pump), Piston Pumps, Centrifugal Pumps), By Application (Water Affairs, Energy & Chemical, Construction, Oil & Gas, Pest Control, Other), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) And Forecast Till 2027.
Global Mechanical Pressure Pump Market
Global Mechanical Pressure Pump Market was valued at US$ 48,339.60 Million in 2021, estimated to reach US$ 68,433.26 Million in 2027, with a CAGR 4.77% from 2022-2027.
A pressure pump can be used in any instance where a higher flow rate or increased water pressure is required, or to get water from point A to point B. It serves in a wide range of applications such as pumping water from wells, aquarium filtering, pond filtering and aeration, in the car industry for water-cooling and fuel injection, in the energy industry for pumping oil and natural gas or for operating cooling towers and other components of heating, ventilation and air conditioning systems.
Market Drivers
The need for mechanical pressure pumps is anticipated to increase in the near future due to the growing preference for green chemical industries. In several end-use sectors, including mining, water treatment, and paper, pumps are used to treat water and waste water in conjunction with current water hydraulic applications.
Over the forecast timeline, this is anticipated to increase the utilisation of mechanical pressure pumps. The use of pressure pumps in underground mining stations, descaling systems, water-jet cutting systems, pool oil water circulation, and reverse osmosis for saltwater, among other uses in the aforementioned industries, are primarily responsible for this. Additionally, expanding manufacturing sectors around the world are anticipated to fuel market growth for mechanical pressure pumps during the anticipated timeframe.
Market Restraints
Increasing the overall cost of mechanical pressure pump maintenance and repairs, which would probably constrain market revenue growth over the projection period.
Additionally, it is projected that throughout the projection period, rising raw material price volatility and the high maintenance costs of pumps will restrain market expansion. The inability of manufacturers to create mechanical pressure pumps in accordance with precise specifications is negatively impacted by the rising volatility of raw material prices.
Market Segmentation
Global Mechanical Pressure Pump Market is segmented into major 4 categories. Based on Type, the market is divided into Plunger Pumps (Duplex pump, Simplex pump, Triplex plunger pump, Multiplex pump), Piston Pumps, Centrifugal Pumps. Based on Application, the market is segmented into Water Affairs, Energy & Chemical, Construction, Oil & Gas, Pest Control, Other. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.
Regional Analysis
Asia Pacific region dominates the Mechanical Pressure Pumps market across the world with CAGR 5.06% owing to the extensive use of these devices in manufacturing industries such as steel and automotive, among others. the extensive use of these devices in manufacturing industries such as steel and automotive, among others.
North America occupied the second-highest market portion after the Asia Pacific and is anticipated to grow at a significant CAGR as increasing focus from leading players on product development and technological advancements in order to meet end-user demand. In addition, high population density across countries such as Canada and the US drives industry growth in this region. Also, the high economic growth rate of these regions coupled with rising disposable income has fueled product demand in the market.
Market Key Players
Some of the key players operating in Global MECHANICAL PRESSURE PUMP Market are Interpump Group, KAMAT, Flowserve, Grundfos, Danfoss, URACA, GEA, Andritz, Sulzer, Comet.
Industry development
In February 2022, Uraca Launched The new high-pressure plunger pump model P3-19 features much more than just a new look: Smaller, lighter, stronger and at the same time technically up to date in the usual high quality - this is how the P3-19 presents itself to its users. With its higher power density, the pump not only replaces the previous KD708, it also opens up a wider field of application with a good 10% more power.
In June 2019, in a Partnership with China, International technology Group ANDRITZ will supply four two-stage vertical pumps for water transport as part of the Shanxi Xiaolangdi Yellow River Diversion Project in China.With two reservoirs, several tunnels, underground canals, pumping stations, pipelines, and aqueducts, the project is designed to handle and transport 247 million cubic meters of water annually. 116 million cubic meters are for irrigation, 116 million cubic meters for industrial and urban water supply, and 15 million cubic meters for ecological use.
In December 2018, Comet Pumps Launched the New IDS Pumps for heavy duty applications: IDS-HD line is Comet’s further step toward excellence in the field of heavy-duty orchard applications.
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