Pune, November 16, 2016 /PRNewswire/ – A report published by MarketsandMarkets, predicts the market size for high pressure pumps is expected to grow from an estimated USD 2.34 bn in 2016 to USD 2.76 bn by 2021, registering a CAGR of 3.2% from 2016 to 2021.

The report "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" says the global market is set to witness significant growth, due to the focus on the water & wastewater treatment sector, the growth of the manufacturing sector in South Asian countries, and the growing green chemical industry in the US.

The manufacturing industries segment is expected to hold the largest share of the high pressure pumps market, by end-user, during the forecast period. This segment is primarily driven by the growth of the automobile, food processing, and textile industries, and is expected to create new revenue pockets for the high pressure pumps market during the forecast period.

With regard to the type segment, dynamic high pressure pumps are expected to constitute 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.

To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the High Pressure Pumps Market. These players include Andritz (Austria), GEA Group (Germany), Grundfos (Denmark), Sulzer Ltd (Switzerland), and The Weir Group Plc (UK). Leading players are trying to penetrate the markets in developing economies, and are adopting various strategies to increase their market share.