Asia Pacific and manufacturing to drive high pressure pump sales through 2026
Rapid growth in automobile, textile, food, and chemical industries is projected to upsurge the demand of high pressure pumps through 2026, according to a new market study.
Persistence Market Research expects dynamic high pressure pumps to dominate the global high pressure pump market during the forecast period, but positive displacement (PD) pumps are also projected to witness significant growth in the near future.
Dynamic high pressure pumps are widely used in the oil and gas industry for paint and rust removal from metal parts, cleaning of heat exchangers, and de-choking of tubes.
Based on applications, the manufacturing sector is expected to lead the market, as the rapid increase in manufacturing industries across the globe, especially in the Asia Pacific region, escalates the demand for high pressure pump.
Many industries use high pressure pumps for the treatment of water and wastewater, coupled with modern water hydraulic applications in industries such as mining, water treatment, and paper, among others.
This is expected to increase the adoption of high pressure pump over the forecast period, mainly due to applications of high pressure pumps in underground mining stations, descaling systems, water-jet cutting systems, pool oil water circulation, and reverse osmosis for seawater in the mentioned industries.
One of the major factors restricting the growth of the global high pressure pump market is the slowdown in the oil and gas industry.
Persistence projects Asia Pacific will be the leading market region for high pressure pumps through 2026, as the rapid growth of manufacturing and other sectors in countries such as China and India is expected to increase demand.
North America is also expected to witness significant growth due to demand from the pharmaceuticals and food industry.