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Global Oil and Gas Pumps Market to reach USD 12.3 billion by the end of 2030.

Global Oil and Gas Pumps Market Size study & Forecast, by Type (Submersible, Non-submersible) Pump Type (Centrifugal, Positive Displacement, Cryogenic), Application (Upstream, Midstream, Downstream) and Regional Analysis, 2023-2030

Product Code: OIRIME-62413561
Publish Date: 4-08-2023
Page: 200

Global Oil and Gas Pumps Market is valued approximately at USD 7.5 billion in 2022 and is anticipated to grow with a growth rate of more than 6.4% over the forecast period 2023-2030. Oil and Gas Pumps are used to move oil and gas from one location to another. These pumps are key components in the oil and gas industry, where they are used in a variety of applications, including drilling, production, and transportation and the processing of hydrocarbons. A growth in oil output is also projected throughout the projection period as a result of technological developments that have made deep-water and ultra-deep water drilling feasible and affordable. Continuous shale development activities due to technological innovation in horizontal drilling and hydraulic fracturing. Pumps play a crucial role in the oil and gas industry as increasing demand for dynamic pumps (centrifugal pumps) from refineries is also helping the market to prosper.

Pumps play a crucial role in the oil and gas industry and Pumps are used in every step of the oil and gas industry; right from oil and gas exploration to refinery – a different type of pumps in each stage of the oil and gas industry. Moreover, the rising oil and gas demand is anticipated to create the lucrative demand for the oil and gas pumps. As oil and gas demand increases, there is a need for more exploration and production activities to meet the growing demand. This leads to an increased demand for oil and gas pumps, which are used to extract and transport the oil and gas from the ground to the refineries and processing plants. According to the International Energy Agency, total oil demand across the globe was 91 million barrels per day in 2020, climbed to 99.4 million barrels per day in 2022, and is expected to reach 104.1 million barrels per day by 2026. As a result, the rising oil and gas demand is projected to support the market growth. Additionally, Development of pipelines infrastructure are likely to offer lucrative opportunities for the players operating in the oil & gas pumps market also the oil and gas pump industry is rapidly evolving, with new technologies being developed to improve pump efficiency, reduce downtime, and enhance safety. However, the strict government rules and plans to minimize carbon emissions are probably going to impede the expansion of the oil and gas industry under study throughout the projection period.

The key regions considered for the Global Oil and Gas Pumps Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the growth in demand from onshore and offshore markets, and the development of accessible shale gas exploration and extraction technologies appear to have had a beneficial overall influence on the market for oil and gas pumps. North America is expected to grow significantly during the forecast period, owing to be used more in the midstream industry as a result of new pipelines projected. Pump consumption is expected to increase in the downstream industry as petroleum refining operations expands and the renovation and enhancement of infrastructure in OPEC countries may drive the demand for oil and petrol pumps.

Major market player included in this report are:
Flowserve Company
Sulzer Ltd.
Weir Group Inc.
Klein, Schanzlin & Becker Aktiengesellschaft.
Xylem Inc.
Alfa Laval AB
Gardner Denver, Inc.
Grundfos Group
HMS Hydraulic Machines & Systems Group plc.
Nikkiso Ryuki Techno Co., Ltd.
Recent Developments in the Market:
Ø In September 2020, Alfa Laval, a global leader in heat transfer, centrifugal separation, and fluid handling, has received three contracts to deliver Framo pumping systems for three Chinese-built FPSO (Floating Production, Storage, and Offloading) vessels. The orders, totalling roughly SEK 275 million, are booked in the Marine Division’s Pumping Systems business.
Ø In August 2022, “The Giving Pump” Launches at More than 6,500 Shell Stations Nationwide to Offer Consumers the Opportunity to Fill-Up for Good and Proceeds from The Giving Pump will support 527 local charities making a positive impact on the lives of children
Global Oil and Gas Pumps Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Pump Type, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
By Pump Type:
Positive Displacement
By Application:
By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Oil and Gas Pumps Market, by region, 2020-2030 (USD Billion)
1.2.2. Oil and Gas Pumps Market, by Type, 2020-2030 (USD Billion)
1.2.3. Oil and Gas Pumps Market, by Pump Type, 2020-2030 (USD Billion)
1.2.4. Oil and Gas Pumps Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Oil and Gas Pumps Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Oil and Gas Pumps Market Dynamics
3.1. Oil and Gas Pumps Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Continuous shale development activities Growth of oil and gas industry
3.1.2. Market Challenges Strict government rules and regulations Increasing focus on use of renewable energy
3.1.3. Market Opportunities Development of pipeline infrastructure Increasing Demand for Dynamic Pumps (Centrifugal pumps) from Refineries
Chapter 4. Global Oil and Gas Pumps Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Oil and Gas Pumps Market, by Type
5.1. Market Snapshot
5.2. Global Oil and Gas Pumps Market by Type, Performance – Potential Analysis
5.3. Global Oil and Gas Pumps Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Oil and Gas Pumps Market, Sub Segment Analysis
5.4.1. Submersible
5.4.2. Non-Submersible
Chapter 6. Global Oil and Gas Pumps Market, by Pump Type
6.1. Market Snapshot
6.2. Global Oil and Gas Pumps Market by Pump Type, Performance – Potential Analysis
6.3. Global Oil and Gas Pumps Market Estimates & Forecasts by Pump Type 2020-2030 (USD Billion)
6.4. Oil and Gas Pumps Market, Sub Segment Analysis
6.4.1. Centrifugal
6.4.2. Positive Displacement
6.4.3. Cryogenic
Chapter 7. Global Oil and Gas Pumps Market, by Application
7.1. Market Snapshot
7.2. Global Oil and Gas Pumps Market by Application, Performance – Potential Analysis
7.3. Global Oil and Gas Pumps Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Oil and Gas Pumps Market, Sub Segment Analysis
7.4.1. Upstream
7.4.2. Midstream
7.4.3. Downstream
Chapter 8. Global Oil and Gas Pumps Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Oil and Gas Pumps Market, Regional Market Snapshot
8.4. North America Oil and Gas Pumps Market
8.4.1. U.S. Oil and Gas Pumps Market Type breakdown estimates & forecasts, 2020-2030 Pump Type breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Oil and Gas Pumps Market
8.5. Europe Oil and Gas Pumps Market Snapshot
8.5.1. U.K. Oil and Gas Pumps Market
8.5.2. Germany Oil and Gas Pumps Market
8.5.3. France Oil and Gas Pumps Market
8.5.4. Spain Oil and Gas Pumps Market
8.5.5. Italy Oil and Gas Pumps Market
8.5.6. Rest of Europe Oil and Gas Pumps Market
8.6. Asia-Pacific Oil and Gas Pumps Market Snapshot
8.6.1. China Oil and Gas Pumps Market
8.6.2. India Oil and Gas Pumps Market
8.6.3. Japan Oil and Gas Pumps Market
8.6.4. Australia Oil and Gas Pumps Market
8.6.5. South Korea Oil and Gas Pumps Market
8.6.6. Rest of Asia Pacific Oil and Gas Pumps Market
8.7. Latin America Oil and Gas Pumps Market Snapshot
8.7.1. Brazil Oil and Gas Pumps Market
8.7.2. Mexico Oil and Gas Pumps Market
8.8. Middle East & Africa Oil and Gas Pumps Market
8.8.1. Saudi Arabia Oil and Gas Pumps Market
8.8.2. South Africa Oil and Gas Pumps Market
8.8.3. Rest of Middle East & Africa Oil and Gas Pumps Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Flowserve Company Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Sulzer Ltd.
9.3.3. Weir Group Inc.
9.3.4. Klein, Schanzlin & Becker Aktiengesellschaft.
9.3.5. Xylem Inc.
9.3.6. Alfa Laval AB
9.3.7. Gardner Denver, Inc.
9.3.8. Grundfos Group
9.3.9. HMS Hydraulic Machines & Systems Group plc.
9.3.10. Nikkiso Ryuki Techno Co., Ltd.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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Market Size Estimation:
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Market driving trends and favorable economic conditions
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