Market Overview:
The global pumps for oil and gas 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 production activities in offshore areas are also contributing to the growth of this market. The centrifugal pumps segment is expected to dominate the global pumps for oil and gas market during the forecast period. This segment is anticipated to account for a majority share of this market owing to its high efficiency, low maintenance cost, and easy installation.
Product Definition:
Pumps for oil and gas are devices that move fluids or gases from one place to another. They may be used for many different purposes, including transferring oil or gas from a well to a tank or pipeline, removing contaminants from water, and cooling equipment.
Centrifugal Pumps:
Centrifugal pumps are used to move fluid at high velocity and they can be categorized into two types as fixed-speed pumps and variable-speed pumps. The pump’s ability to transfer liquids with high viscosity is the key factor that drives its demand in oil & gas industry. Centrifugal pump has a rotating impeller that forces the fluid through the pipe at an increased pressure.
Positive Displacement Pumps:
Positive displacement pumps (PDP) are used to move liquids in a direction opposite to the flow of the liquid. The pump’s impeller creates a vacuum which draws the liquid into the pump body through an enclosed chamber. As soon as this process is completed, another vacuum is created in order to discharge or fill into desired containers/devices.
The major advantage of using PDP over conventional products is that it can displace air with ease.
Application Insights:
Onshore application dominated the global oil and gas market in 2017, accounting for over 75% of the overall revenue share. The segment is expected to maintain its dominance over the forecast period owing to factors such as increasing demand from existing wells and exploration activities coupled with low supply by way of new well drilling in onshore regions.
The offshore segment is anticipated to witness significant growth during the forecast period owing to rising investments by foreign companies in deep water locations. For instance, according to a January 2018 article published by Oilprice.com, Total¢â‚¬â„¢s investment portfolio includes projects worth USD 1 trillion across 60 countries worldwide, with around 55% of that amount invested outside France.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a significant increase in exploration activities owing to government support for infrastructural development, which includes oil & gas pipelines. In addition, increasing demand for energy resources due to growing population and industrialization is anticipated to drive product demand over the forecast period.
North America accounted for a share of more than 20% of total revenue in 2017 on account of high investments made by various companies including ExxonMobil Corporation; Anadarko Petroleum Corporation; Royal Dutch Shell Plc.; Total S.A.; Chevron U.S., Inc.; EOG Resources, Inc.; Chesapeake Energy Corp., among others toward developing unconventional sources such as shale gas and tight oil reserves across U.S., Canada, and Mexico (UCSM).
Growth Factors:
- Increasing demand for oil and gas due to growing population and industrialization
- Rising investment in oil and gas exploration and production activities
- Proliferation of new pump technologies that offer improved performance, efficiency, and reliability
- Growing concerns over energy security and the need to reduce greenhouse gas emissions
- Expansion of global trade in oil and gas products
Scope Of The Report
Report Attributes
Report Details
Report Title
Pumps for Oil and Gas Market Research Report
By Type
Centrifugal Pumps, Positive Displacement Pumps
By Application
Onshore, Offshore
By Companies
Flowserve, Grundfos, ITT, KSB, Sulzer, HMS Group, Schmitt-Kreiselpumpen, GE Oil and Gas, Alfa Laval, Gardner Denver, Weir Group, LEWA, Xylem, SPP Pumps, FMC Technologies, Danfoss, Ruhrpumpen, NETZSCH, Graco Inc., Castle
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
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global Pumps for Oil and Gas Market Report Segments:
The global Pumps for Oil and Gas market is segmented on the basis of:
Types
Centrifugal Pumps, Positive Displacement Pumps
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
Onshore, Offshore
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:
- Flowserve
- Grundfos
- ITT
- KSB
- Sulzer
- HMS Group
- Schmitt-Kreiselpumpen
- GE Oil and Gas
- Alfa Laval
- Gardner Denver
- Weir Group
- LEWA
- Xylem
- SPP Pumps
- FMC Technologies
- Danfoss
- Ruhrpumpen
- NETZSCH
- Graco Inc.
- Castle
Highlights of The Pumps for Oil and Gas 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 Pumps
- Positive Displacement Pumps
- By Application:
- Onshore
- Offshore
- 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 Pumps for Oil and Gas 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
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- 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?
Pumps for oil and gas are used to move fluids, such as oil or gas, up and down a well.
Some of the major companies in the pumps for oil and gas market are Flowserve, Grundfos, ITT, KSB, Sulzer, HMS Group, Schmitt-Kreiselpumpen, GE Oil and Gas, Alfa Laval, Gardner Denver, Weir Group, LEWA, Xylem, SPP Pumps, FMC Technologies, Danfoss, Ruhrpumpen, NETZSCH, Graco Inc., Castle.
The pumps for oil and gas market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pumps for Oil and Gas 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 Pumps for Oil and Gas Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pumps for Oil and Gas 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 Pumps for Oil and Gas 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 Pumps for Oil and Gas Market Size & Forecast, 2018-2028
4.5.1 Pumps for Oil and Gas Market Size and Y-o-Y Growth
4.5.2 Pumps for Oil and Gas Market Absolute $ Opportunity
Chapter 5 Global Pumps for Oil and Gas 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 Pumps for Oil and Gas Market Size Forecast by Type
5.2.1 Centrifugal Pumps
5.2.2 Positive Displacement Pumps
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Pumps for Oil and Gas 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 Pumps for Oil and Gas Market Size Forecast by Applications
6.2.1 Onshore
6.2.2 Offshore
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pumps for Oil and Gas 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 Pumps for Oil and Gas 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 Pumps for Oil and Gas Analysis and Forecast
9.1 Introduction
9.2 North America Pumps for Oil and Gas 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 Pumps for Oil and Gas Market Size Forecast by Type
9.6.1 Centrifugal Pumps
9.6.2 Positive Displacement Pumps
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 Pumps for Oil and Gas Market Size Forecast by Applications
9.10.1 Onshore
9.10.2 Offshore
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 Pumps for Oil and Gas Analysis and Forecast
10.1 Introduction
10.2 Europe Pumps for Oil and Gas 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 Pumps for Oil and Gas Market Size Forecast by Type
10.6.1 Centrifugal Pumps
10.6.2 Positive Displacement Pumps
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 Pumps for Oil and Gas Market Size Forecast by Applications
10.10.1 Onshore
10.10.2 Offshore
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 Pumps for Oil and Gas Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Pumps for Oil and Gas 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 Pumps for Oil and Gas Market Size Forecast by Type
11.6.1 Centrifugal Pumps
11.6.2 Positive Displacement Pumps
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 Pumps for Oil and Gas Market Size Forecast by Applications
11.10.1 Onshore
11.10.2 Offshore
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 Pumps for Oil and Gas Analysis and Forecast
12.1 Introduction
12.2 Latin America Pumps for Oil and Gas 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 Pumps for Oil and Gas Market Size Forecast by Type
12.6.1 Centrifugal Pumps
12.6.2 Positive Displacement Pumps
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 Pumps for Oil and Gas Market Size Forecast by Applications
12.10.1 Onshore
12.10.2 Offshore
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) Pumps for Oil and Gas Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Pumps for Oil and Gas 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) Pumps for Oil and Gas Market Size Forecast by Type
13.6.1 Centrifugal Pumps
13.6.2 Positive Displacement Pumps
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) Pumps for Oil and Gas Market Size Forecast by Applications
13.10.1 Onshore
13.10.2 Offshore
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 Pumps for Oil and Gas Market: Competitive Dashboard
14.2 Global Pumps for Oil and Gas Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Flowserve
14.3.2 Grundfos
14.3.3 ITT
14.3.4 KSB
14.3.5 Sulzer
14.3.6 HMS Group
14.3.7 Schmitt-Kreiselpumpen
14.3.8 GE Oil and Gas
14.3.9 Alfa Laval
14.3.10 Gardner Denver
14.3.11 Weir Group
14.3.12 LEWA
14.3.13 Xylem
14.3.14 SPP Pumps
14.3.15 FMC Technologies
14.3.16 Danfoss
14.3.17 Ruhrpumpen
14.3.18 NETZSCH
14.3.19 Graco Inc.
14.3.20 Castle
