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Pressure Pumping Market Outlook Report

Published On: Feb, 2025
|
Pages: 140+

The Pressure Pumping Market is estimated to be USD 55,380.3 million in 2024. Furthermore, the market is expected to grow to USD 76,892.6 million by 2031, with a Compound Annual Growth Rate (CAGR) of 4.8%.

Pressure Pumping Market Overview

Pressure pumps are designed primarily to generate high pressure to provide cooling and lubrication, transfer fluids for processing, and provide motive force in hydraulic systems. These pressure pumps operate the pressure from 20 bar to 3000 bar. Pumping systems are essential to the daily operation of most manufacturing plants, commercial buildings, and municipalities. The technology is effective in lowering costs and improving results when compared to other methods. 
Pressure pumps account for 27% of the electricity consumed by industrial systems in the manufacturing sector. While Pressure pumps are primarily used in the commercial sector to provide water for heat transfer in heating, ventilation, and air conditioning (HVAC) systems, municipalities use them for water and wastewater transfer and treatment, as well as land drainage. 

Latest Trends in Pressure Pumping Market

Rising investments in the oil and gas industry:
Compressor and pump failures have an impact on safety and field operations, resulting in lower profits and revenues for oil and gas pump manufacturers. As a result, the oil and gas industry is increasingly demanding pumps that are integrated with smart pumping technology to have operational efficiency and lead to efficient machine operation, boosting market growth by 25% of current demand levels. Furthermore, the transition from single-phase to multi-phase pumping is causing an increase in demand. These multi-phase oil and gas pumps eliminate the need to separate gas, oil, or water, allowing production to be transported directly from the field to central processing units.
Growing investments in the oil and gas industry are increasing the demand for global pressure pumps. Furthermore, expansion of oil and gas exploration activities around the world, for instance, Oil and Natural Gas Corporation (ONGC) spent over $2,730.0 million on oil rigs, according to a report released by the India Brand Equity Foundation (IBEF), is expected to drive pressure pumps market.

Driving Factors

Increasing construction activities in the residential sector:
As the world's population expands, so does the water demand, propelling the pressure pump market to new heights. Increased residential construction activity, an increase in the number of high-rise buildings requiring pumps to maintain water pressure until the top, rapid urbanization, and groundwater depletion are some of the key factors driving market growth. Over the years, there has been a significant increase in the construction of new residential and commercial structures. Various public and private entities are making significant investments in various developing and developed countries to renovate existing facilities and build new ones. These pumps assist in dealing with variable or low-pressure problems, as well as providing energy-efficient solutions to meet water transfer and HVAC (Heating, Ventilation, and Air-conditioning) needs in buildings. 

Market Challenges

Increased Competition from Local Players and Unorganized Sector:
By providing low-cost alternatives and cost-effective maintenance services, grey market products pose significant challenges to brand owners. Local and grey market players in the pump industry provide these alternative products. The unorganized sector, which includes grey market and local players, can outperform well-established companies in this market in terms of price competitiveness and an efficient local supply network. Furthermore, because local players are close to customers, they can respond to their needs quickly. This is a bonus for purchasing alternative locally manufactured products. As a result, the easy availability of local alternative products impedes global pump manufacturers' entry into the local market and poses a threat to the market.


Companies Mentioned

  1. Sulzer, Ltd.
  2. Danfoss, Inc.
  3. Halliburton Company
  4. Schlumberger Limited
  5. Baker Hughes Company
  6. Weatherford International plc
  7. National Oilwell Varco Inc.
  8. Superior Energy Services Inc.
  9. Calfrac Well Services Inc.
  10. Cudd Energy Services Company
  11. NexTier Oilfield Solutions Inc.
  12. ProFrac Holding Corp.
  13. Basic Energy Services Inc.
  14. Horizon Wellbore Completion Inc.
  15. BJ Services Company
  16. ChampionX Inc.

*The companies above are listed in no particular order.

Report Scope

Details

Market Value- $ Million,2024

55,380.3

Market Growth (Value), (2024-2031)- %

4.8

 Leading Region

Xx

Base Year

2023

Forecast Period

2024 to 2031

Segments Covered

By Type, By Pressure, By End User

Geography Covered

North America, Europe, Asia-Pacific, South and Central America, and Middle East & Africa

Market Segmentation

Pressure Pumping Market, By Type

  • Centrifugal
  • Positive Displacement
  • Others

Pressure Pumping Market, By Pressure

  • Low
  • Medium
  • High

Pressure Pumping Market, By End User

  • Energy
  • Mining
  • Water Management
  • Petrochemical
  • Construction
  • Agriculture
  • Others

Pressure Pumping Market, By Geography

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, South Korea, Indonesia, Malaysia, Vietnam, Rest of APAC)
  • The Middle East and Africa (Saudi Arabia, South Africa, UAE, Iran, Egypt, Rest of MEA)
  • South and Central America (Brazil, Argentina, Chile, Rest of SCA)
     

TABLE OF CONTENTS

1. TABLE OF CONTENTS
1.1. LIST of TABLES
1.2. LIST of FIGURES

2. GLOBAL PRESSURE PUMPING MARKET REVIEW, 2023
2.1. Pressure Pumping Market Industry Overview
2.2. Research Methodology
2.2.1. Market Scope and Definition
2.2.2. Study Assumptions

3. PRESSURE PUMPING MARKET INSIGHTS
3.1. Key Types of Pressure Pumping Market to 2031
3.2. Leading Pressure of Pressure Pumping Market to 2031
3.3. Dominant End-User Industry of Pressure Pumping Market to 2031
3.4. High Prospect Geography for Pressure Pumping Market to 2031

4. PRESSURE PUMPING MARKET TRENDS, DRIVERS, AND RESTRAINTS
4.1. Latest Trends and Recent Developments in the Pressure Pumping Market
4.1.1. Rising investments in the oil and gas industry
4.1.2. Technological Advancements such as AI and Sensors
4.1.3. Wide-scale adoption of carbon capture and storage (CCS) is a major opportunity area for the pressure pumps market.
4.1.4. Growing Need for Water/Wastewater Treatment
4.1.5. Demand for Advanced Machinery with High Productivity and Efficiency
4.1.6. Centrifugal Pumps Witnessing Extensive Demand
4.1.7. Depletion of Groundwater Level another Major Reason for Market Growth
4.2. Key Factors Driving the Pressure Pumping Market Growth
4.2.1. Increasing construction activities in the residential sector
4.2.2. Rapid Urbanization Is Driving Market
4.2.3. Growing manufacturing sector
4.3. Major Challenges to the Pressure Pumping Market industry, 2023-2031
4.3.1. Increased Competition from Local Players and Unorganized Sector
4.3.2. Regular Priming Requirements along with Formation of Cavitation Conditions May Obstruct Growth
4.3.3. Stringent Regulations Poses Challenges
4.4. Five Forces Analysis for Global Pressure Pumping Market

5. GLOBAL PRESSURE PUMPING MARKET DATA - INDUSTRY SIZE, SHARE, AND OUTLOOK
5.1. Pressure Pumping Market Annual Sales Outlook, 2023-2031 ($Million)
5.2. Global Pressure Pumping Market Annual Sales Outlook by Type, 2023-2031 ($Million)
5.2.1. Centrifugal Market Outlook, 2023-2031
5.2.2. Positive Displacement Market Outlook, 2023-2031
5.2.3. Others Market Outlook, 2023-2031
5.3. Global Pressure Pumping Market Annual Sales Outlook by Pressure, 2023-2031 ($Million)
5.3.1. Low-Pressure Pump Market Outlook, 2023-2031
5.3.2. Medium Pressure Pump Market Outlook, 2023-2031
5.3.3. High-Pressure Pump Market Outlook, 2023-2031
5.4. Global Pressure Pumping Market Annual Sales Outlook by End-User Industry, 2023-2031 ($Million)
5.4.1. Energy, Market Outlook, 2023-2031
5.4.2. Mining, Market Outlook, 2023-2031
5.4.3. Water Management, Market Outlook, 2023-2031
5.4.4. Petrochemical, Market Outlook, 2023-2031
5.4.5. Construction, Market Outlook, 2023-2031
5.4.6. Agriculture, Market Outlook, 2023-2031
5.4.7. Other End-user Industries, Market Outlook, 2023-2031
5.5. Global Pressure Pumping Market Annual Sales Outlook by Geography, 2023-2031 ($Million)

6. ASIA PACIFIC PRESSURE PUMPING MARKET INDUSTRY STATISTICS - MARKET SIZE, SHARE, COMPETITION AND OUTLOOK
6.1. Asia Pacific Market Insights, 2023
6.2. Asia Pacific Pressure Pumping Market Revenue Forecast by Type, 2023-2031 (USD Million)
6.3. Asia Pacific Pressure Pumping Market Revenue Forecast by Pressure, 2023-2031 (USD Million)
6.4. Asia Pacific Pressure Pumping Market Revenue Forecast by End-Use, 2023-2031 (USD Million)
6.5. Asia Pacific Pressure Pumping Market Revenue Forecast by Country, 2023-2031 (USD Million)
6.5.1. China
6.5.2. Japan
6.5.3. India
6.5.4. Rest of Asia Pacific

7. EUROPE OUTLOOK AND GROWTH OPPORTUNITIES
7.1. Europe Market Insights, 2023
7.2. Europe Pressure Pumping Market Revenue Forecast by Type, 2023-2031 (USD Million)
7.3. Europe Pressure Pumping Market Revenue Forecast by Pressure, 2023-2031 (USD Million)
7.4. Europe Pressure Pumping Market Revenue Forecast by End-User Industry, 2023-2031 (USD Million)
7.5. Europe Pressure Pumping Market Revenue Forecast by Country, 2023-2031 (USD Million)
7.5.1. Germany
7.5.2. United Kingdom
7.5.3. France
7.5.4. Italy
7.5.5. Spain
7.5.6. Rest of Europe

8. NORTH AMERICA OUTLOOK AND GROWTH OPPORTUNITIES
8.1. North America Market Insights, 2023
8.2. North America Pressure Pumping Market Revenue Forecast by Type, 2023-2031 (USD Million)
8.3. North America Pressure Pumping Market Revenue Forecast by Pressure, 2023-2031 (USD Million)
8.4. North America Pressure Pumping Market Revenue Forecast by End-User Industry, 2023-2031 (USD Million)
8.5. North America Pressure Pumping Market Revenue Forecast by Country, 2023-2031 (USD Million)
8.5.1. United States
8.5.2. Canada
8.5.3. Mexico

9. SOUTH AND CENTRAL AMERICA OUTLOOK AND GROWTH OPPORTUNITIES
9.1. South and Central America Market Insights, 2023
9.2. South and Central America Pressure Pumping Market Revenue Forecast by Type, 2023-2031 (USD Million)
9.3. South and Central America Pressure Pumping Market Revenue Forecast by Pressure, 2023-2031 (USD Million)
9.4. South and Central America Pressure Pumping Market Revenue Forecast by End-Use, 2023-2031 (USD Million)
9.5. South and Central America Pressure Pumping Market Revenue Forecast by Country, 2023-2031 (USD Million)
9.5.1. Brazil
9.5.2. Argentina
9.5.3. Rest of South and Central America

10. MIDDLE EAST AFRICA OUTLOOK AND GROWTH OPPORTUNITIES
10.1. Middle East Africa Market Insights, 2023
10.2. Middle East Africa Pressure Pumping Market Revenue Forecast by Type, 2023-2031 (USD Million)
10.3. Middle East Africa Pressure Pumping Market Revenue Forecast by Pressure, 2023-2031 (USD Million)
10.4. Middle East Africa Pressure Pumping Market Revenue Forecast by End-User Industry, 2023-2031 (USD Million)
10.5. Middle East Africa Pressure Pumping Market Revenue Forecast by Country, 2023-2031 (USD Million)
10.5.1. Middle East
10.5.2. Africa

11. PRESSURE PUMPING MARKET STRUCTURE AND COMPETITIVE LANDSCAPE
11.1. BAKER HUGHES.
11.2. HALLIBURTON.
11.3. SCHLUMBERGER LTD.
11.4. SULZER, LTD.
11.5. DANFOSS, INC.

12. PRESSURE PUMPING MARKET, RECENT DEVELOPMENTS
13. APPENDIX
13.1. About Us
13.2. Sources
13.3. Research Methodology
13.4. Contact Information

  

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FAQ's

The Global Pressure Pumping Market is estimated to generate USD 55380.3 million in revenue in 2024.

The Global Pressure Pumping Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period from 2025 to 2032.

The Pressure Pumping Market is estimated to reach USD 80583.4 million by 2032.

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