High Pressure Pumps Market Share

APAC Market Statistics

Asia Pacific industry is poised to hold largest revenue share of 31% by 2037. The growth of the market can be attributed majorly to the increasing adoption of pressure pumps in industries, followed by the surge in power plants, the increase in several automobiles, and others. Owing to rapid economic development, there has been surging demand for high-pressure pumps from countries such as India, and China. Furthermore, rising investment in the oil, and refining exploration projects in the region, is further expected to boost the growth of the market in the Asia Pacific region. Furthermore, the growing use of high-pressure pumps for the generation of power in Southeast Asian countries is anticipated to rise the market’s growth in the region. According to the Indian Brand Equity Foundation, the ONGC announced the pan to invest USD 4 billion to increase exploration efforts in India, in May 2022.

North American Market Forecast

The North American market is estimated to be the second largest, registering a share of about 27% by the end of 2037. The growth of the market can be attributed majorly to the rising fire safety regulations, which increase the demand for high-pressure pumps, in the commercial as well as residential sectors. In addition, the increasing replacement of aging boiler feed pumps is rising the demand for high-pressure boiler feed pumps in a conventional power plant. Furthermore, the growing concern related to the sewage system among the countries, such as the U.S is also increasing the high-pressure pumps demand. Therefore, all these factors are estimated to expand the growth of the high-pressure market in the region over the forecast period.

Europe Market Forecast

Further, the market in the European, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The growth of the market can be attributed majorly to the steady growth of traditional automobiles in the region. Furthermore, there is an increase in the presence of automotive manufacturers in the European region, which is raising the demand for high-pressure pumps. Moreover, these pumps are responsible for generating a high enough pressure, so that the fuel fully atomizes.  Along with the manufacturers, there are also increase in car wash businesses for the maintenance of automobiles, that use the high-pressure pumps for the water facility. Therefore, it is anticipated to rise the growth of the market in the region by the end of the year 2037.