Oil And Gas Pumps Market
Paper, Plastics, Rubber, Wood And Textile Manufacturing

Global Oil And Gas Pumps Market Overview And Prospects

Learn about the global oil and gas pumps market through The Business Research Company, which provides information on oil and gas pumps market size, oil and gas pumps market drivers and restraints, oil and gas pumps market players, the COVID-19 impact on the oil and gas pumps market, and more.

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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%.

The development of oil and gas pipeline infrastructure are expected to drive innovation in oil and gas pumps manufacturing, thus driving the market during the forecast period.

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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.

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 was the largest region in the oil and gas pumps market in 2020.

Internet of Things (IoT) in oil and gas refineries is an emerging trend in the oil and gas pumps market. 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.

TBRC’s oil and gas pumps market report covers:

Major Market Players: 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)

The Oil And Gas Pumps Global Market Report 2021: COVID-19 Growth and Change to 2030 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, leading competitor revenues, profiles and market shares.

TBRC’s oil and gas pumps market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here is a list of similar reports from The Business Research Company:

Oil And Gas Global Market Report 2021

Natural Gas Global Market Report 2020

Oil & Gas Upstream Activities Global Market Report 2021

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