The Global Oil And Gas Pumps Market Report By The Business Research Company Covers Oil And Gas Pumps Market’s Drivers And Restraints, Oil And Gas Pumps Market Size, Major Players, And The Impact Of COVID-19 On The Oil And Gas Pumps Market.
The oil and gas pumps market consists of sales of oil and gas pumps and related services by entities (organizations, sole traders, and partnerships) that manufacture oil and gas pumps. Oil and gas pumps are used in the oil & gas industry to transfer oil, grease, gas, and other fluids.
The development of oil and gas pipeline infrastructure contributed to the growth of the oil and gas pumps market
The global oil and gas pumps market is expected to grow from $9.69 billion in 2020 to $11.23 billion in 2021 at a compound annual growth rate (CAGR) of 15.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global oil and gas pumps market is expected to reach $13.29 billion in 2025 at a CAGR of 4.3%.
Request A Sample For The Global Oil And Gas Pumps Market Report:
Some oil and gas pumps market trends include the use of Internet of Things (IoT). IoT is used to monitor pipe thickness, flow rate, pipe pressure, and more. IoT enables to have connected machines in the oil and gas industry so that oil and gas companies can predict equipment failure and reduce overall downtime. For example, a single pump failure can cost hundreds of thousands of dollars in lost productivity, so if the condition of pumps is known in real-time, replacements can be ready for those deemed susceptible to failure. Therefore, IoT plays an important role in the oil and gas pumps market.
Global oil and gas pumps market segments include:
By Type: Centrifugal, Positive Displacement, Cryogenic
By Capacity: Small (up to 500 gpm), Medium (500-1000 gpm), High (more than 1000 gpm)
By Application: Upstream, Midstream, Downstream
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific accounts for the largest global oil and gas pumps market share.
Read More On The Oil And Gas Pumps Global Market Report 2020-30: COVID-19 Growth And Change At:
The Oil And Gas Pumps Global Market Report 2020-30: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides oil and gas pumps market overviews, analyzes and forecasts market size, share, oil and gas pumps market players, oil and gas pumps market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The oil and gas pumps identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Where To Learn More:
Read Oil And Gas Pumps Global Market Report 2020-30: COVID-19 Growth And Change from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: KSB SE, Flowserve, Sulzer, Xylem, Gardner Denver, Alfa Laval, SPP Pumps, ITT Oil & Gas, Kirloskar Brother Limited, HMS Group, Nikkiso, Trillium Flow Technologies, EBARA Corporation, Gemmecotti, PCM SA, Ruhrpumpen Global, EDUR-Pumpenfabrik Eduard Redlien, Wastecorp pumps, NETZSCH Pumps & Systems, Framo, SKF, Lewa, DXP, National Pump & Energy, and Enpro Subsea.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Oil And Gas Pumps Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Oil And Gas Pumps Sector: The report reveals where the global industry will put on most $ sales up to 2023.
Interested to know more about The Business Research Company?
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx
Here is a list of reports from The Business Research Company similar to the Oil And Gas Pumps Global Market Report 2021: