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Global Pumps Market for Oil and Gas Industry 2016-2020

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Crude oil prices ($/bbl)
      • Table Global crude oil pipeline market
      • Table Capital expenditure in oil and gas exploration 2010-2016 ($ billions)
      • Table Global pumps market in oil and gas industry by geography 2015-2020
  • Market landscape
    • Market overview
      • Table Global pumps market in oil and gas industry
    • Market size and forecast
      • Table Global CAPEX spending 2010-2015 ($ billions)
      • Table Global pumps market in oil and gas industry 2015-2020 ($ billions)
      • Table Crude price ($/bbl) vs. crude production quarterly (MMbbl) 2013-2015
      • Table Oil demand forecasts till 2020 (mb/d)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Table Global pumps market in oil and gas industry by product type 2015-2020
    • Centrifugal Pump
      • Table Global pumps market for oil and gas industry by centrifugal pump 2015-2020 ($ billions)
    • Positive displacement pumps
      • Table Global pumps market in oil and gas industry by positive displacement 2015-2020 ($ billions)
  • Geographical segmentation
    • Global pumps market in oil and gas industry by geography
      • Table Global pumps market in oil and gas industry by geography 2015-2020
    • Americas
      • Table Global pumps market in oil and gas industry in Americas 2015-2020 ($ billions)
      • Table US production vs. consumption with projected values (MMbbl)
    • EMEA
      • Table Global pumps market in oil and gas industry in EMEA 2015-2020 ($ billions)
      • Table Russian crude export destinations 2014
      • Table Saudi Arabia production share in global crude production
      • Table Iran production increase in 2016 (in Mbbl/d)
    • APAC
      • Table Global pumps market in oil and gas industry in APAC 2015-2020 ($ billions)
      • Table China production share in Asia
  • Market drivers
    • Need for improved and enhanced oil recovery
      • Table Import vs. production of crude oil in US 2010-2015 (in thousand barrels per day)
    • Refining capacity additions
      • Table New distillation capacity addition from planned projects 2015-2020
    • Opening up of new avenues for natural gas markets
      • Table Shifting bases of hydrocarbon exploration
    • Expansion of crude oil pipelines
      • Table Global crude oil pipeline market 2015-2020 (in thousand miles)
  • Market challenges
    • Deferred investments and projects
    • Change in energy mix
      • Table Global carbon emissions from fossil-fuels 1900-2011 (million metric tons carbon)
    • Investment justification in era of low oil prices
      • Table Global crude oil price variation over last decade
      • Table Comparison of profits at different crude prices (in $/barrel of crude oil)
    • Fluctuating raw material prices
      • Table Copper price index value 2014-2015 (Jan 2012 baseline = 100)
      • Table Global crude steel production 2010-2014 (million units)
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Long-term service agreements
    • Next-generation industrial automation
    • Emergence of micro-grid technology
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Flowserve
    • ITT
    • KSB
    • Sulzer
    • Grundfos
  • Appendix
    • List of abbreviations
  • Explore Technavio

Global Pumps Market for Oil and Gas Industry 2016-2020

About Pumps for the Oil and Gas Industry

The global oil and gas industry remains volatile with high fluctuations in crude oil prices. This is directly impacting the demand for pumps from the industry, especially through depressed upstream investments in the current scenario of low crude oil prices. The current state of the pumps market in the oil and gas industry can be considered as significantly dormant. The sluggish nature of the market can be attributed to the global crude oil price scenario.

Technavio’s analysts forecast the global pumps market for the oil and gas industry to grow at a CAGR of 3.79% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global t pumps market for the oil and gas industry market for 2016-2020. To calculate the market size, the report considers the demand for different pumps from the oil and gas industry.The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Pumps Market the Oil and Gas Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Flowserve
  • Grundfos
  • ITT
  • KSB
  • Sulzer
Other prominent vendors
  • HMS Group
  • Schmitt-Kreiselpumpen GmbH & Co.KG
  • GE Oil and Gas
  • Alfa Laval
  • Gardner Denver
  • Weir Group
  • LEWA
  • Xylem
Market driver
  • Need for improved and enhanced oil recovery
  • For a full, detailed list, view our report
Market challenge
  • Investment justification in era of low oil prices
  • For a full, detailed list, view our report
Market trend
  • Emergence of micro-grid technology
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Pumps Market for the Oil and Gas Industry 2016-2020

Technavio recognizes the following companies as the key players in the global pumps market for the oil and gas industry: Flowserve, Grundfos, ITT, KSB, and Sulzer

Other Prominent Vendors in the market are: HMS Group, Schmitt-Kreiselpumpen GmbH & Co.KG, GE Oil and Gas, Alfa Laval, Gardner Denver, Weir Group, LEWA, and Xylem

Commenting on the report, an analyst from Technavio’s team said: “The advent of the digital revolution, which has transformed one industry after another, also affected the industrial automation industry wherein the transformation led to mainframe computers displacing analog controls. These mainframes were soon replaced by microprocessor controllers, which resulted in the first distributed control systems (DCS) and programmable logic controllers (PLC) coming into existence.”

According to the report, oil and gas refineries represent one of the extensive applications of pumps in the oil and gas industry. In the current scenario of low oil prices, the refinery capacity addition is expected to be slow, however, the projected refining product demand especially from the developing countries will drive of investments in the sector.

Further, the report states that the oil industry is plagued by high volatility. The market dynamics is highly dependent on the prevailing crude oil prices. The industry in its current stage is going through a period of turmoil wherein the prices have fallen sharply and reached an all-time low. This is expected to pose a threat to the pumps market, also because companies have stalled their projects in order to bring down the CAPEX.

Companies Mentioned

Flowserve, Grundfos, ITT, KSB, Sulzer, HMS Group, Schmitt-Kreiselpumpen GmbH & Co.KG, GE Oil and Gas, Alfa Laval, Gardner Denver, Weir Group, LEWA, and Xylem

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