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    Oil & Gas Pumps Market Size, Share & Forecast

    Oil & Gas Pumps Market Size, Share & Forecast
    Report code - SROG107 Delivery - 2 Weeks
    Oil & Gas Pumps Market Size, Share, Trend, Forecast, & Industry Analysis.
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    Oil & Gas Pumps Market Insights

    Oil & gas pumps market is likely to witness an impressive CAGR of 4.4% during the forecast period. Increasing unconventional resources in North America, South America, and the Asia-Pacific region along with the development of gas terminals are the major factors driving the growth of the market.

    Oil & Gas Pumps Market - Snapshot

    Growth

    4.4% for next five years

    Major Type

    Centrifugal Pump

    Dominant Application

    Midstream

    Region with the highest demand

    North America

    Key Players

    Alfa Laval AB, The Flowserve Corporation, Gardner Denver Holdings, Inc, GE Oil & Gas, KSB Aktiengesellschaft, Sulzer Ltd., and Schmitt Centrifugal Pumps GmbH & Co. KG.

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    Oil & Gas Pumps Market Share: By Type

    Based on the type, the market is segmented as centrifugal pump, positive displacement pump, and cryogenic pump. The centrifugal pump segment is estimated to lead the market during the forecast period. Centrifugal pumps are preferred for the processes that handle low viscosity fluids and high flow rates. They are employed in a wide array of applications, such as electric submersible pumps which are used as a water and oil separator. Further, by using submersible pumps the water separated from oil can be reinjected into a reservoir without lifting it to the ground surface.

    Oil & Gas Pumps Market Share: By Application Type

    Based on the application type, the market is segmented as upstream, midstream, and downstream. The midstream segment is expected to dominate the market during the forecast period. Growth of unconventional resources has led to the need for expanded midstream network of pipelines, rails, tankers, and terminals for ease in transportation, which is the major factor behind the dominance of the midstream segment.

    Oil & Gas Pumps Market Share: By Region

    In terms of regions, North America is estimated to be the largest market for oil & gas pumps during the forecast period. The market is driven by the increasing use of alternative resources in the region. Growth in unconventional resources mainly in the US and Canada along with the growing demand from onshore & offshore fields in the Gulf of Mexico are the major factors behind the dominance of North America in the oil & gas pumps market. Europe and Asia-Pacific are also expected to offer substantial growth opportunities to the industry players owing to the rising energy requirement in both the regions.

    Some of the major players in the oil & gas pumps market is Alfa Laval AB, The Flowserve Corporation, Gardner Denver Holdings, Inc., GE Oil & Gas, Grundfos, KSB Aktiengesellschaft, Sulzer Ltd., and Schmitt Centrifugal Pumps GmbH & Co. KG.

     

    Market Scope & Segmentation

    Oil & Gas Pumps are referred to as the array of pumps that are required for extracting and processing oil and gas and then delivering them to the associated equipment. These pumps are helpful in getting oil and gas from different reservoirs or fields and delivering them again to different markets or even for export purposes.

    Oil and Gas Pumps are of various types today but the centrifugal pump is the most common type that is being used.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Oil & Gas Pumps Market Research Report – Features

    Market Segmentation

    3 ways

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    9

     

    The oil & gas pumps market is segmented into the following categories. 

    Oil & Gas Pumps Market Size, Share & Forecast, by Type:

    • Centrifugal Pump (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Positive Displacement Pump
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (By Type Analysis: Screw Pump, Reciprocating Pump, Rotary & Gear Pump, Progressive Cavity Pump, Diaphragm Pump, Multi-Plunger Pump, and Piston Pump)
    • Cryogenic Pump (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Oil & Gas Pumps Market Size, Share & Forecast, by Application Type:

    • Upstream
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: Seawater Lift Pump, Water & CO2 Injection, Safety & Firefighting, and Gathering & Separations)
    • Midstream
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: Pipeline & Transportation, Terminal, CO2 Pipeline, and Others)
    • Downstream
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Application Type Analysis: Primary Processing, Secondary Processing, and Storage & Transfer)

    Oil & Gas Pumps Market Size, Share & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

     Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    General Frequently Asked Questions (FAQs)

    What are Oil & Gas Pumps?

    Oil & Gas Pumps are referred to as the array of pumps that are required for extracting and processing oil and gas and then delivering them to the associated equipment. These pumps are helpful in getting oil and gas from different reservoirs or fields and delivering them again to different markets or even for export purposes. Oil and Gas Pumps are of various types today but the centrifugal pump is the most common type that is being used.

    What will be the CAGR of the Oil & Gas Pumps Market?

    Oil & Gas Pumps Market is likely to witness an impressive CAGR of 4.5% during the forecast period. The major factors underpinning the growth of the market are increasing unconventional resources in the Asia Pacific, North American, and South American regions along with the development of gas terminals.

    Which country/region is expected to remain the largest Oil & Gas Pumps Market?

    In terms of regions, North America is estimated to lead the oil & gas pumps market during the forecast period as the countries, such as the US and Canada are likely to show considerable growth in unconventional resources.

    Who are the key players in the Oil & Gas Pumps Market?

    Some of the major players in the oil & gas pumps market are Flowserve, Sulzer, KSB, Weir Group, Grundfos, Flowserve, Sulzer, and KSB.

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