Oil and Gas Pumps Market Recent Developments, Research Analysis Forecast 2032

 Sales of oil and gas pumps are predicted to increase from an anticipated USD 6,900 million in 2022 to USD 10,800 million by 2032. From 2022 to 2032, the market is projected to increase at a compound annual growth rate (CAGR) of 4.9%.

By 2022, the market for industrial pumps worldwide will consist of around 11% of oil and gas pumps. The global market for oil and gas pumps is anticipated to have an absolute dollar potential of USD 4,100 million during the evaluation period of 2022–2032.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=2435

Geographical Insights

The Middle East and Africa (MEA), which is expected to maintain its dominance in the industry and account for 32.7% of the overall market share, is the most lucrative market for oil and gas pumps. The need for oil and gas pumps in Saudi Arabia, the United Arab Emirates, and Qatar is anticipated to rise at a compound annual growth rate (CAGR) of 3.9% between 2022 and 2032 due to the Middle East's profusion of oil and gas companies. Furthermore, due to investments made in the oil and gas sector in regions that generate a lot of crude oil, market increase is predicted in the upcoming years.

Category-Specific Analysis

Centrifugal pumps are widely used in many different applications and are often selected for processes that call for low viscosity and high flow rates. The segment holds a 35.1% market share in the oil and gas pump industry. The demand is expected to expand by 1.7X because of its increased use in multi-phase pumping applications and the upstream portion. Additionally, it's predicted that in the upcoming years, investments made by rising economies in the oil and gas sector would increase market demand by 23%.

Due to rising demand from various businesses, there is anticipated to be a considerable increase in the onshore use of gas and oil pumps in the approaching years. The current 56.1% market share of this segment is anticipated to increase due to the expansion of new oil and gas projects in the transportation sector in a number of countries, especially in the Asia-Pacific area.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://www.factmr.com/report/2435/oil-gas-pumps-market

Competitive Landscape

Due to the presence of several local and regional competitors, the worldwide market for oil and gas pumps is extremely competitive and fragmented. Key players use a range of marketing techniques, including partnerships, expansions, mergers & acquisitions, and collaborations.

Leading organizations also use new product creation as a strategic technique to improve their market position among consumers. Modern oil and gas pumps have been incorporated as a result of these tactics.

True.In the recently released research, MR has offered comprehensive details regarding the price points of leading producers of oil and gas pumps, their regional market positioning, sales growth, production capacity, and their speculative technical advancement.

For instance:

  • In 2020, Alfa Laval was awarded a supply contract to provide Framo with marine pumping systems for seawater and firewater lift service, which are used for operations outside of Brazil, for two Floating Production, Storage, and Offloading (FPSO) vessels.
  • A national oil corporation in the United Arab Emirates awarded Weir Oil & Gas Dubai a three-year contract in 2020 for the repair and maintenance of motors and pumps.

Key Companies Profiled

  • oil sandsXylem
  • GRUNDFOS
  • Weir Group
  • Flowserve Corporation
  • KSB SE & Co. KGaA
  • Sulzer Ltd.
  • Nikkiso
  • Trillium Flow Technologies
  • Halliburton
  • Baker Hughes Company
  • Groman-Rupp EBARA Corporation
  • Tsurumi Manufacturing Co. Ltd.
  • Gemmecotti

Global Oil & gas pumps Market by Category

  • By Product Type :
    • Centrifugal Pumps
      • Single Stage
      • Multi-Stage
      • Axial and Mixed
      • Submersible
      • Seal less and Circular
    • Reciprocating Pumps
      • Piston
      • Plunger
      • Diaphragm
    • Rotary Pumps
      • Gear
      • Vane
      • Screw
      • Lobe
      • Progressive Cavity Pumps
      • Piston
      • Peristaltic
  • By Capacity :
    • Small (Up to 500 gpm)
    • Medium (500-1,000 gpm)
    • High (More than 1,000 gpm)
  • By Pump Characteristics :
    • Engineered Pumps
    • Standard Pumps
    • Special Purpose Pumps
  • By Deployment Type :
    • Onshore
    • Offshore
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia
    • Oceania
    • MEA

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=2435

𝐀𝐛𝐨𝐮𝐭 𝐅𝐚𝐜𝐭.𝐌𝐑

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