Oil and Gas Pumps Market by Type (Centrifugal Pump and Positive Displacement Pump), Application (Upstream, Midstream, Downstream), and by Region, Global Forecast, 2018 to 2028
Sep 2020
Total Pages: 100
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Oil & gas pumps are most important part in oil & gas industry as these are used to transfer oil & gas from one location to another. Diaphragm, positive displacement pump, oil transfer, and centrifugal pump plays important role in delivering fluid from ground to vessel and to refinery.
_1.png "Global Oil & Gas Pumps Market 2018-2028 (USD Billion)")
The global oil & gas pumps market revenue was valued at >USD 8.50 Billion in 2019. This can be attributed to the increasing oil & gas exploration activities, rising crude oil demand, development of gas terminals, and rise in unconventional resources in Asia Pacific, Latin America, and North America. Additionally, new discoveries of oil & gas reserves in African countries are expected to open new opportunities for oil & gas pumps over the coming years. However, growing government initiatives towards renewable energy sources followed by increasing environmental concern due to carbon emission is expected to hamper market growth.
Key Segments of the Global Oil & Gas Pumps Market
Type Overview, 2018-2028 (USD Million)
- Centrifugal pump
- Positive Displacement Pump
Application Overview, 2018-2028 (USD Million)
- Upstream
- Midstream
- Downstream
Regional Overview, 2018-2028 (USD Million)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global oil & gas pumps market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global oil & gas pumps market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the oil & gas pumps industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on type and application. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global oil & gas pumps market. The report will benefit: Every stakeholder involved in the oil & gas pumps market.
- Managers within the oil & gas pumps industry looking to publish recent and forecasted statistics about the global oil & gas pumps market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global oil & gas pumps market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Increasing carbon emission followed by reducing crude oil prices over the past few years are expected to be the major market challenges over the coming years. Moreover, stringent government regulations towards implementation of renewable energy and clean energy programs are further expected to hamper market growth. Mandatory renewable energy target set by different governments in order to increase specific portion of electricity generation from renewable sources are major threat for the industry in coming years. Additionally, low crude oil prices over the past few years may open new challenges in front of oil & gas industry. For instance, in WTI crude oil price at the end of August 2020 was nearly $40 per barrel; reduced from nearly $85 per barrel in August 2010.
Type Segment
Based on the type, the market is segmented into centrifugal pump and positive displacement pump. Positive displacement pumps are screw pump, reciprocating pump, rotary pump, gear pump, progressive cavity pump, diaphragm pump, multi-plunger pump, and piston pump. The centrifugal pump type segment leads the market growth in 2019 and it is anticipated to hold its position during the forecast years. The market growth of this segment is mainly attributed to the growing adoption of these pumps for crude oil transportation. Additionally, increasing liquified natural gas demand worldwide is expected to open new opportunities for centrifugal pump over the coming years.
Application Segment
In terms of the application, the market is segmented into upstream, midstream, and downstream. Oil & gas pumps upstream applications include safety & firefighting, seawater lift pump, water & CO2 injection, and gathering & separations. Oil & gas pumps midstream applications include pipeline & transportation, terminal, and CO2 pipeline. Oil & gas pumps downstream applications include primary processing, secondary processing, and storage & transfer. In 2019 downstream segment accumulated the major market share and it is expected to do so over the forecast years. On the contrary, the upstream segment accumulated the major growth and it is estimated to be the fastest growing segment over the forecast years. The market growth of the upstream segment is mainly ascribed to the increasing exploration and production activities
The Asia Pacific region dominated the overall market in 2019 and it is projected to keep its position during the forecast years 2018-2028. Additionally, the region is anticipated to gather the highest growth over the forecast years. The market growth in this region is mostly ascribed to the growing oil & gas demand in China, India, Japan, and Southeast Asia by virtue of rapid industrialization. Additionally, increasing exploration and production activities in this region is further expected to add market growth in coming years.
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The major players of the global oil & gas pumps market are Alfa Laval, Flowserve, Gardner Denver, GE Oil & Gas, Grundfos, HMS, KSB, Sulzer, Weir Group, and Xylem. Moreover, the market comprises several other prominent players in the oil & gas pumps market that are Lewa, Schmitt Kreiselpumpen, PCM SA, SPP Pumps, and ITT Oil & Gas. The oil & gas pumps market consists of well-established global as well as local players. In addition, the previously recognized market players are coming up with new and advanced strategic solutions and services to stay competitive in the global market.
Oil & gas pumps are most important part in oil & gas industry as these are used to transfer oil & gas from one location to another. Diaphragm, positive displacement pump, oil transfer, and centrifugal pump plays important role in delivering fluid from ground to vessel and to refinery.
The global oil & gas pumps market revenue was valued at >USD 8.50 Billion in 2019. This can be attributed to the increasing oil & gas exploration activities, rising crude oil demand, development of gas terminals, and rise in unconventional resources in Asia Pacific, Latin America, and North America. Additionally, new discoveries of oil & gas reserves in African countries are expected to open new opportunities for oil & gas pumps over the coming years. However, growing government initiatives towards renewable energy sources followed by increasing environmental concern due to carbon emission is expected to hamper market growth.
Key Segments of the Global Oil & Gas Pumps Market
Type Overview, 2018-2028 (USD Million)
- Centrifugal pump
- Positive Displacement Pump
Application Overview, 2018-2028 (USD Million)
- Upstream
- Midstream
- Downstream
Regional Overview, 2018-2028 (USD Million)
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global oil & gas pumps market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global oil & gas pumps market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the oil & gas pumps industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on type and application. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global oil & gas pumps market. The report will benefit: Every stakeholder involved in the oil & gas pumps market.
- Managers within the oil & gas pumps industry looking to publish recent and forecasted statistics about the global oil & gas pumps market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global oil & gas pumps market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.1 Introduction
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
4.1 Introduction
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Increasing oil & gas demand
4.3.2 Restraints
4.3.2.1 Low crude oil price
4.3.2.2 Opportunities
4.3.3.1 Increasing exploration and production activities
4.4 Porter’s Five Forces Analysis
4.5 PEST Analysis
4.6. Regulatory Landscape
4.7 COVID-19 Impact Analysis
Chapter 5 Oil & Gas Pumps Market by Type
5.1 Introduction
5.1.1 Centrifugal pump
5.1.2 Positive Displacement Pump
Chapter 6 Oil & Gas Pumps Market by Application
6.1 Introduction
6.1.1 Upstream
6.1.2 Midstream
6.1.3 Downstream
Chapter 7 Oil & Gas Pumps Market by Region
7.1 Introduction
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.3 Europe
7.3.1 Germany
7.3.2 France
7.3.3 UK
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Middle East & Africa
7.5.1 UAE
7.5.2 South Africa
7.5.3 Rest of Middle East & Africa
7.6 South America
7.6.1 Brazil
7.6.2 Rest of South America
Chapter 8 Competitive Landscape
8.1 Overview
8.2 Strategic Initiatives
8.2.1 Mergers & Acquisitions
8.2.2 New Product Launch
8.2.3 Investments
8.2.4 Expansion
8.2.5 Customer Targeting
Chapter 9 Company Profiles
9.1 Alfa Laval
9.1.1 Overview
9.1.2 Products and Services Portfolio
9.1.3 Recent Initiatives
9.1.4 Company Financials
9.1.5 SWOT
9.2 Flowserve
9.2.1 Overview
9.2.2 Products and Services Portfolio
9.2.3 Recent Initiatives
9.2.4 Company Financials
9.2.5 SWOT
9.3 Gardner Denver
9.3.1 Overview
9.3.2 Products and Services Portfolio
9.3.3 Recent Initiatives
9.3.4 Company Financials
9.3.5 SWOT
9.4 GE Oil & Gas
9.4.1 Overview
9.4.2 Products and Services Portfolio
9.4.3 Recent Initiatives
9.4.4 Company Financials
9.4.5 SWOT
9.5 Grundfos
9.5.1 Overview
9.5.2 Products and Services Portfolio
9.5.3 Recent Initiatives
9.5.4 Company Financials
9.5.5 SWOT
9.6 HMS
9.6.1 Overview
9.6.2 Products and Services Portfolio
9.6.3 Recent Initiatives
9.6.4 Company Financials
9.6.5 SWOT
9.7 KSB
9.7.1 Overview
9.7.2 Products and Services Portfolio
9.7.3 Recent Initiatives
9.7.4 Company Financials
9.7.5 SWOT
9.8 Weir Group
9.8.1 Overview
9.8.2 Products and Services Portfolio
9.8.3 Recent Initiatives
9.8.4 Company Financials
9.8.5 SWOT
9.9 Sulzer
9.9.1 Overview
9.9.2 Products and Services Portfolio
9.9.3 Recent Initiatives
9.9.4 Company Financials
9.9.5 SWOT
9.10 Xylem
9.10.1 Overview
9.10.2 Products and Services Portfolio
9.10.3 Recent Initiatives
9.10.4 Company Financials
9.10.5 SWOT
9.11 Other Companies