Global Oil Gas Pumps Market Overview
Introduction:
Pumps are important component of the oil and gas industry. From delivering oil from the ground to a ship, oil refinery, or storage to speeding up the fluid flow from one point to another, pumps are used in various ways in the oil and gas industry. A centrifugal pump is the most common type of pump used in the oil & gas industry. It comprises one or more impellers, which move fluids by rotation and draw them into the suction end of the pump and then, through centrifugal force, push the fluid towards the end. There are two types of gear pumps. External and Internal gear pump. The centrifuged pumps are designed for wide range of applications and is preferred to handle low viscosity liquids and high flow rates. The main purpose of pumps is to circulate engine oils under the pressure to the bearings, pistons and the camshaft. Refineries pumps are used to transport petroleum and its derived products in refineries, petrochemical plants and the chemical industry. They are used in temperature ranges from 120°C to 450°C at pressure of about 65 bar. The global oil & gas pumps market accounted for US$ 6.6 billion in 2020 and is estimated to be US$ 12.01 billion by 2030 and is anticipated to register a CAGR of 6.2%.
Global Oil Gas Pumps Market Dynamics
Rising oil and gas demand
Growing development in gas terminals across the globe, coupled with the growing oil and gas sectors are some factors expected to drive growth of the global oil & gas pumps market, in the near future. Moreover, development in transportation sector worldwide also fuel the growth of this specific market. Increasing fuel charges and taxes are another key driver of the target market. Rising fuel production by major market players to meet the global demand is the propelling the growth of the market. Additionally, government initiatives and policies on supply of the gas directly the house also boost the global oil & gas pumps market.
However, fluctuating prices associated with crude oil, coupled with growing sector of renewable energy are major factors expected to hamper growth of the global oil & gas pumps market over the forecast period.
Global Oil Gas Pumps Market Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The global oil & gas pumps market is segmented based on type, application, and region.
The type segment includes centrifugal, positive displacement (screw pumps, reciprocating pumps, rotary & gear pumps, progressive cavity pumps), cryogenic. The application segment is further sub segmented into upstream, midstream, downstream.
Regional Insights:
The global oil & gas pumps market accounted for US$ 6.6 billion in 2020 and is estimated to be US$ 12.01 billion by 2030 and is anticipated to register a CAGR of 6.2%. On region the global oil & gas pumps market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America currently dominates the market for oil & gas pumps and is expected to continue its strong hold for a few more years owing to growing unconventional resources in the countries such as us and Canada, of the region. The markets in Asia-Pacific and Europe are expected to register high growth rate, owing to the increasing adoption from oil and gas sectors in the countries of the region, over the forecast period
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
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Market Segmentation |
By Type- Centrifugal, Positive Displacement (Screw Pumps, Reciprocating Pumps, Rotary & Gear Pumps, Progressive Cavity Pumps), Cryogenic By Application– Upstream, Midstream, Downstream |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global oil & gas pumps market report based on type, application, and region.
Global Oil & Gas Pumps Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Oil Gas Pumps Market Key Players
The key players operating in the global oil & gas pumps market includes Alfa Laval SpA, Flowserve Corporation, Gardner Denver Petroleum Pumps LLC, GE Oil & Gas Inc., Grundfos Pumps Corporation, HMS pumps OJSC, KSB Limited, Sulzer Pumps India Ltd, Weir Group Inc., and Xylem Inc.
Gardner Denver Petroleum Pumps LLC:
GD, the global provider of high-pressure pumps, parts and services, has expanded its suite of pump offerings for the horizontal directional drilling (HDD) market with new GD 800HDD pump.
Global Oil Gas Pumps Market Company Profile
- Alfa Laval SpA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Flowserve Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Gardner Denver Petroleum Pumps LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- GE Oil & Gas Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Grundfos Pumps Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- HMS pumps OJSC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- KSB Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sulzer Pumps India Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Weir Group Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Xylem Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Oil Gas Pumps Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Oil & Gas Pumps Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Oil & Gas Pumps Market, By Type 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Centrifugal
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Positive Displacement
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Cryogenic
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Oil & Gas Pumps Market, By Application 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Upstream
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Midstream
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Downstream
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Oil & Gas Pumps Market, By Region, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Alfa Laval SpA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Flowserve Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Gardner Denver Petroleum Pumps LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- GE Oil & Gas Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Grundfos Pumps Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- HMS pumps OJSC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- KSB Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sulzer Pumps India Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Weir Group Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Xylem Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Global Oil & Gas Pumps Market report segments the market basis into type, application and region.
The increased use of unconventional energy sources such as shale gas and liquids, tight gas and oil, and coal bed methane is driving the market for oil and gas pumps.
Asia-Pacific and Europe are expected to register high growth rate, owing to the increasing adoption from oil and gas sectors in the countries of the region, over the forecast period.
The leading players operating in the Global Oil & Gas Pumps Market includes Alfa Laval SpA, Flowserve Corporation, Gardner Denver Petroleum Pumps LLC, GE Oil & Gas Inc., Grundfos Pumps Corporation, HMS pumps OJSC, KSB Limited, Sulzer Pumps India Ltd, Weir Group Inc., and Xylem Inc.