Market Overview:
The global oil and gas pump market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil and gas across the globe. Additionally, the growing exploration and exploitation activities are also propelling the growth of this market. The centrifugal pump segment is expected to dominate the global oil and gas pump market during the forecast period owing to its high efficiency and ability to handle large volumes of fluid flow.
Product Definition:
An oil & gas pump is a machine used to move fluids, typically either oil or gas. The importance of an oil & gas pump is that it can help to extract resources from the ground, which can then be sold or used for other purposes.
Centrifugal Pump:
Centrifugal pump is a mechanical device used to move fluid. It is generally used for moving liquids in a radial or centrifugal direction. The working principle of these pumps can be easily understood by thinking of a spinning rotor as the driving force that drives the fluid movement.
Positive Displacement Pump:
Positive displacement pump (PDP) is a mechanical device used to move liquids. It consists of impeller and suction valve which creates a vacuum between the liquid being pumped and the discharge pipe, this vacuum then draws the liquid towards it’s discharge port. The Discharge Pressure Control (DPC) system uses PDP's for moving fluids in underground storage tanks, production wells or pipelines at high pressures.
Application Insights:
Pipeline transportation application segment led the global oil and gas pump market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to increasing production from unconventional sources, such as shale gas and tight oil, which has resulted in an increased demand for pipeline transportation services across the globe.
The growth of this industry can be attributed to its reliance on pipelines for transport operations as it requires continuous flow of petroleum products through these pipes for distribution throughout its various supply chains. These pipes are also used during emergencies when direct contact with Mother Nature is not possible such as during earthquakes or floods where liquid hydrocarbons are transported via tankers or barge trucks along with other cargo ships on sea routes around the world.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of oil and gas producing companies in this region. The U.S., being an energy-rich nation, is one of the prominent consumers of these pumps across various applications. However, Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period owing to increasing demand from countries such as China and India for drilling & exploration activities coupled with rising investments in LNG transportation facilities across various Asian countries including Indonesia, Malaysia, Thailand and Vietnam among others.
The Middle East & Africa (MEA) region also holds significant potential for growth due to continuous developments taking place within its major economies such as Saudi Arabia.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization in developing countries.
- Rising prices of crude oil in the international market.
- Technological advancements in drilling and production processes that have helped reduce the cost of production per barrel of oil.
- Proliferation of shale gas reserves in North America that has led to increased exploration and production activities in the region, boosting demand for pumps used in these operations. 5) Growing concerns over climate change and air pollution, which is driving investments towards renewable energy sources such as wind and solar, resulting in a decline in demand for oil & gas
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil & Gas Pump Market Research Report
By Type
Centrifugal Pump, Positive Displacement Pump
By Application
Exploration and Exploitation, PipelineTransportation, Machining
By Companies
Milton Roy, Sulzer, Xylem, Grundfos, Franklin Electric, Alfa Laval, Flowserve, Gardner Denver, GE Oil & Gas, KSB, HMS, Weir Group, Lewa
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Oil & Gas Pump Market Report Segments:
The global Oil & Gas Pump market is segmented on the basis of:
Types
Centrifugal Pump, Positive Displacement Pump
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Exploration and Exploitation, PipelineTransportation, Machining
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Milton Roy
- Sulzer
- Xylem
- Grundfos
- Franklin Electric
- Alfa Laval
- Flowserve
- Gardner Denver
- GE Oil & Gas
- KSB
- HMS
- Weir Group
- Lewa
Highlights of The Oil & Gas Pump Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Centrifugal Pump
- Positive Displacement Pump
- By Application:
- Exploration and Exploitation
- PipelineTransportation
- Machining
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Oil & Gas Pump Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An oil and gas pump is a machine that extracts oil or natural gas from the ground.
Some of the key players operating in the oil & gas pump market are Milton Roy, Sulzer, Xylem, Grundfos, Franklin Electric, Alfa Laval, Flowserve, Gardner Denver, GE Oil & Gas, KSB, HMS, Weir Group, Lewa.
The oil & gas pump market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oil & Gas Pump Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Oil & Gas Pump Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oil & Gas Pump Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Oil & Gas Pump Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Oil & Gas Pump Market Size & Forecast, 2018-2028
4.5.1 Oil & Gas Pump Market Size and Y-o-Y Growth
4.5.2 Oil & Gas Pump Market Absolute $ Opportunity
Chapter 5 Global Oil & Gas Pump Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Oil & Gas Pump Market Size Forecast by Type
5.2.1 Centrifugal Pump
5.2.2 Positive Displacement Pump
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Oil & Gas Pump Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Oil & Gas Pump Market Size Forecast by Applications
6.2.1 Exploration and Exploitation
6.2.2 PipelineTransportation
6.2.3 Machining
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil & Gas Pump Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Oil & Gas Pump Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Oil & Gas Pump Analysis and Forecast
9.1 Introduction
9.2 North America Oil & Gas Pump Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Oil & Gas Pump Market Size Forecast by Type
9.6.1 Centrifugal Pump
9.6.2 Positive Displacement Pump
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Oil & Gas Pump Market Size Forecast by Applications
9.10.1 Exploration and Exploitation
9.10.2 PipelineTransportation
9.10.3 Machining
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Oil & Gas Pump Analysis and Forecast
10.1 Introduction
10.2 Europe Oil & Gas Pump Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Oil & Gas Pump Market Size Forecast by Type
10.6.1 Centrifugal Pump
10.6.2 Positive Displacement Pump
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Oil & Gas Pump Market Size Forecast by Applications
10.10.1 Exploration and Exploitation
10.10.2 PipelineTransportation
10.10.3 Machining
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Oil & Gas Pump Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Oil & Gas Pump Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Oil & Gas Pump Market Size Forecast by Type
11.6.1 Centrifugal Pump
11.6.2 Positive Displacement Pump
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Oil & Gas Pump Market Size Forecast by Applications
11.10.1 Exploration and Exploitation
11.10.2 PipelineTransportation
11.10.3 Machining
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Oil & Gas Pump Analysis and Forecast
12.1 Introduction
12.2 Latin America Oil & Gas Pump Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Oil & Gas Pump Market Size Forecast by Type
12.6.1 Centrifugal Pump
12.6.2 Positive Displacement Pump
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Oil & Gas Pump Market Size Forecast by Applications
12.10.1 Exploration and Exploitation
12.10.2 PipelineTransportation
12.10.3 Machining
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Oil & Gas Pump Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Oil & Gas Pump Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Oil & Gas Pump Market Size Forecast by Type
13.6.1 Centrifugal Pump
13.6.2 Positive Displacement Pump
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Oil & Gas Pump Market Size Forecast by Applications
13.10.1 Exploration and Exploitation
13.10.2 PipelineTransportation
13.10.3 Machining
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Oil & Gas Pump Market: Competitive Dashboard
14.2 Global Oil & Gas Pump Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Milton Roy
14.3.2 Sulzer
14.3.3 Xylem
14.3.4 Grundfos
14.3.5 Franklin Electric
14.3.6 Alfa Laval
14.3.7 Flowserve
14.3.8 Gardner Denver
14.3.9 GE Oil & Gas
14.3.10 KSB
14.3.11 HMS
14.3.12 Weir Group
14.3.13 Lewa
