
Oil and Gas Pumps Market Size, Share, and Analysis, By Type (Submersible Pumps and Non-submersible Pumps), By Pump Type (Centrifugal Pump, Positive Displacement Pump, and Cryogenic Pump), By Application (Upstream, Midstream, and Downstream), and By Region
Description
Oil and Gas Pumps Market Size, Share, and Analysis, By Type (Submersible Pumps and Non-submersible Pumps), By Pump Type (Centrifugal Pump, Positive Displacement Pump, and Cryogenic Pump), By Application (Upstream, Midstream, and Downstream), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
Oil and Gas Pumps Market Size, Share, and Analysis, By Type (Submersible Pumps and Non-submersible Pumps), By Pump Type (Centrifugal Pump, Positive Displacement Pump, and Cryogenic Pump), By Application (Upstream, Midstream, and Downstream), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
PRODUCT OVERVIEW
Oil and Gas Pumps Market is expected to grow at a CAGR of 5.2% in the forecast period (2024-2034), with the market size valued at USD 7.8 billion in 2023 and projected to reach USD 13.7 billion by 2034.
Oil and gas pumps are mechanical devices that are important for transporting crude oil, natural gas, and refined petroleum products from extraction sites to processing facilities. They come in various types, such as centrifugal, reciprocating, and rotary pumps, that are customized to meet diverse operational needs. In addition, centrifugal pumps use revolving impellers to transfer kinetic energy to fluids and push them through pipes. Reciprocating pumps use pistons or diaphragms to create a back-and-forth motion, whereas, rotary pumps, such as gear or screw pumps, use rotating mechanisms to move the fluid. These pumps are important for the energy industry and ensure the continuous flow of oil and gas and improve operations. Furthermore, regular maintenance and monitoring are important for their efficiency and prevent costly disruptions. Thus, oil and gas pumps are essential components in the extraction and refining processes, that facilitate the global energy supply chain.
MARKET HIGHLIGHTS
Oil and Gas Pumps Market is expected to reach USD 13.7 billion, growing at a CAGR of 5.2% during the forecast period, driven by increasing global energy demands. This expansion is attributed to the rise in exploration and production activities in offshore and unconventional reserves. Innovations in the design and manufacturing operations of the pumps are improving their performance and attracting substantial investments. In addition, strict environmental regulations and the push for energy efficiency are promoting the adoption of modern pump technologies to reduce carbon emissions and enhance energy usage. The replacement and maintenance of aging infrastructure across existing oil & gas fields present lucrative opportunities for pump manufacturers and service providers. However, this growth may encounter several challenges due to the volatility of oil prices and the emergence of alternative energy sources.
Oil and Gas Pumps Market Segments:
- By Type
- Submersible Pumps
- Non-submersible Pumps
- By Pump Type
- Centrifugal Pump
- Positive Displacement Pump
- Cryogenic Pump
- By Application
- Upstream
- Midstream
- Downstream
Growth Drivers
Increasing Demand for Oil and Gas Pumps to Meet Rising Energy Needs
Increasing Oil and Gas Exploration Operations Has Boosted the Growth of the Market
Restraint
Rising Environmental Concerns Have Presented Major Challenges for the Oil and Gas Pump Sector
Key Players
- Sulzer Ltd.
- Xylem Inc.
- Baker Hughes Company
- Flowserve Corporation
- Schlumberger Limited
- Halliburton Company
- Weir Group PLC
- Grundfos Holding A/S
- SPX Flow Inc.
- Gardner Denver Holdings Inc.
- KSB SE & Co. KGaA
- Dover Corporation
- National Oilwell Varco, Inc.
- Weatherford International plc
- Ebara Corporation
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
Table of Contents
449 Pages
- 1. Executive Summary
- 1.1. Regional Market Share
- 1.2.Business Trends
- 1.3. Oil and Gas Pumps Market: COVID-19 Outbreak
- 1.4. Regional Trends
- 1.5. Segmentation Snapshot
- 2. Research Methodology
- 2.1.Research Objective
- 2.2. Research Approach
- 2.3. Data Sourcing and Methodology
- 2.4.Primary Research
- 2.5.Secondary Research
- 2.5.1.Paid Sources
- 2.5.2. Public Sources
- 2.6. Market Size Estimation and Data Triangulation
- 3. Market Characteristics
- 3.1.Market Definition
- 3.2.Oil and Gas Pumps Market: COVID-19 Impact
- 3.3. Key Segmentations
- 3.4.Key Developments
- 3.5.Allied Industry Data
- 4.Oil and Gas Pumps Market – Industry Insights
- 4.1. Industry Segmentation
- 4.2.COVID-19 overview of world economy
- 4.3.Industry Ecosystem Channel Analysis
- 4.4.Innovation & Sustainability
- 5. Macroeconomic Indicators
- 6. Recent Developments
- 7. Market Dynamics
- 7.1.Introduction
- 7.2. Growth Drivers
- 7.3. Market Opportunities
- 7.4.Market Restraints
- 7.5. Market Trends
- 8.Risk Analysis
- 9. Market Analysis
- 9.1.Porter's Five Forces
- 9.2. PEST Analysis
- 9.2.1.Political
- 9.2.2. Economic
- 9.2.3. Social
- 9.2.4. Technological
- 10.Oil and Gas Pumps Market
- 10.1.Overview
- 10.2. Historical Analysis (2019-2022)
- 10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
- 11. Oil and Gas Pumps Market Size & Forecast 2024A-2034F
- 11.1. Overview
- 11.2.Key Findings
- 11.3.Market Segmentation
- 11.3.1.By Type
- 11.3.1.1. Submersible Pumps
- 11.3.1.1.1.By Value (USD Million) 2024-2034F
- 11.3.1.1.2. Market Share (%) 2024-2034F
- 11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.1.2.Non-submersible Pumps
- 11.3.1.2.1. By Value (USD Million) 2024-2034F
- 11.3.1.2.2.Market Share (%) 2024-2034F
- 11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
- 11.3.2. By Pump Type
- 11.3.2.1.Centrifugal Pump
- 11.3.2.1.1. By Value (USD Million) 2024-2034F
- 11.3.2.1.2.Market Share (%) 2024-2034F
- 11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
- 11.3.2.2. Positive Displacement Pump
- 11.3.2.2.1.By Value (USD Million) 2024-2034F
- 11.3.2.2.2. Market Share (%) 2024-2034F
- 11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.2.3. Cryogenic Pump
- 11.3.2.3.1.By Value (USD Million) 2024-2034F
- 11.3.2.3.2. Market Share (%) 2024-2034F
- 11.3.2.3.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.3.By Application
- 11.3.3.1.Upstream
- 11.3.3.1.1. By Value (USD Million) 2024-2034F
- 11.3.3.1.2.Market Share (%) 2024-2034F
- 11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
- 11.3.3.2. Midstream
- 11.3.3.2.1.By Value (USD Million) 2024-2034F
- 11.3.3.2.2. Market Share (%) 2024-2034F
- 11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
- 11.3.3.3. Downstream
- 11.3.3.3.1.By Value (USD Million) 2024-2034F
- 11.3.3.3.2. Market Share (%) 2024-2034F
- 11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
- 12.North America Oil and Gas Pumps Market Size & Forecast 2024A-2034F
- 12.1.Overview
- 12.2. Key Findings
- 12.3. Market Segmentation
- 12.3.1. By Type
- 12.3.2.By Pump Type
- 12.3.3.By Application
- 12.4. Country
- 12.4.1. United States
- 12.4.2. Canada
- 13.Europe Oil and Gas Pumps Market Size & Forecast 2024A-2034F
- 13.1.Overview
- 13.2. Key Findings
- 13.3. Market Segmentation
- 13.3.1.By Type
- 13.3.2.By Pump Type
- 13.3.3.By Application
- 13.4.Country
- 13.4.1.Germany
- 13.4.2. United Kingdom
- 13.4.3. France
- 13.4.4. Italy
- 13.4.5. Spain
- 13.4.6. Russia
- 13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
- 14.Asia-Pacific Oil and Gas Pumps Market Size & Forecast 2024A-2034F
- 14.1. Overview
- 14.2. Key Findings
- 14.3.Market Segmentation
- 14.3.1.By Type
- 14.3.2. By Pump Type
- 14.3.3. By Application
- 14.4. Country
- 14.4.1.India
- 14.4.2. China
- 14.4.3. South Korea
- 14.4.4.Japan
- 14.4.5.Rest of APAC
- 15.Middle East and Africa Oil and Gas Pumps Market Size & Forecast 2024A-2034F
- 15.1.Overview
- 15.2. Key Findings
- 15.3. Market Segmentation
- 15.3.1.By Type
- 15.3.2.By Pump Type
- 15.3.3.By Application
- 15.4.Country
- 15.4.1. Israel
- 15.4.2. GCC
- 15.4.3. North Africa
- 15.4.4.South Africa
- 15.4.5. Rest of Middle East and Africa
- 16. Latin America Oil and Gas Pumps Market Size & Forecast 2024A-2034F
- 16.1.Overview
- 16.2. Key Findings
- 16.3. Market Segmentation
- 16.3.1. By Type
- 16.3.2.By Pump Type
- 16.3.3.By Application
- 16.4.Country
- 16.4.1. Mexico
- 16.4.2. Brazil
- 16.4.3. Rest of Latin America
- 17. Competitive Landscape
- 17.1.Company market share, 2023
- 17.2. Key player overview
- 17.3. Key stakeholders
- 18. Company Profiles
- 18.1.Sulzer Ltd.
- 18.1.1.Company Overview
- 18.1.2.Financial Overview
- 18.1.3.Key Product; Analysis
- 18.1.4.Company Assessment
- 18.1.4.1.Product Portfolio
- 18.1.4.2.Key Clients
- 18.1.4.3. Market Share
- 18.1.4.4. Recent News & Development (Last 3 Yrs.)
- 18.1.4.5. Executive Team
- 18.2.Xylem Inc.
- 18.3.Baker Hughes Company
- 18.4.Flowserve Corporation
- 18.5.Schlumberger Limited
- 18.6.Halliburton Company
- 18.7.Weir Group PLC
- 18.8.Grundfos Holding A/S
- 18.9.SPX Flow Inc.
- 18.10.Gardner Denver Holdings Inc.
- 18.11. KSB SE & Co. KGaA
- 18.12.Dover Corporation
- 18.13.National Oilwell Varco, Inc.
- 18.14.Weatherford International plc
- 18.15.Ebara Corporation
- 18.16.Other Prominent Players
- 19. Appendix
- 20.Consultant Recommendation
Pricing
Currency Rates
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