Oil and Gas Pumps Market

Oil and Gas Pumps Market by Type (Submersible, Non-submersible), Pump Type (Centrifugal, Positive Displacement (Screw, Reciprocating, Progressive Cavity), Cryogenic), Application (Upstream, Midstream, Downstream) and Region - Global Forecast to 2028

Report Code: EP 6612 Nov, 2023, by marketsandmarkets.com

[206 Pages Report] The global oil and gas pumps market is estimated to grow from USD 8.7 billion in 2023 to USD 10.9 billion by 2028; it is expected to record a CAGR of 4.7% during the forecast period. Continuous shale development activities, along with the rapid expansion of gas terminals, and increased global demand for oil is fueling the expansion of the oil and gas pumps market.

Oil and Gas Pumps Market

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Oil and Gas Pumps Market

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Oil and Gas Pumps Market Dynamics

Driver: Rapid expansion of gas terminals

The expansion of gas terminals is a strategic response to the increasing global demand for cleaner energy sources, with natural gas emerging as a prominent component of the energy transition. Gas terminals serve as key nodes in the transportation network, facilitating the liquefaction, regasification, and storage of natural gas. The intricate processes involved in these terminals necessitate advanced pumping systems to ensure the smooth and secure flow of gas throughout the supply chain. Oil and gas pumps, powered by cutting-edge technologies, become indispensable in optimizing the performance of these terminals, from the unloading of liquefied natural gas (LNG) from carriers to the distribution of regasified gas to end users. As the demand for natural gas continues to grow, driven by environmental considerations and the shift toward cleaner energy alternatives, the need for reliable and efficient pumping solutions becomes increasingly pronounced. Industry stakeholders are, therefore, compelled to invest in research and development initiatives to enhance the technological capabilities of oil and gas pumps, ensuring they meet the specific requirements of gas terminal operations. Thus, with the increasing demand for natural gas, the networks for gas transportation are expanding at a rapid rate.

In a liquefied natural gas production process, gas from the field is sent to the liquefaction facility, and it undergoes several steps to become liquefied. Pumps are used in this process to calculate amine and facilitate reflux for scrub columns and fractionation towers. The commercial transportation of natural gas and CO2 is currently available. However, an efficient gas transport network requires large compressors and pumping stations to handle high-pressure volumes. The materials used to manufacture these pumps must withstand high pressures and be corrosion-resistant. In May 2020, Polskie LNG signed a contract for the extension of an existing liquefied natural gas regasification installation. This extension included an additional submerged combustion vaporizer (SCV) regasifier, which was designed and assembled along with cryogenic pumps. This investment was aimed at extending the functionality and technical capabilities of the terminal in Swinoujscie with the addition of two SCV devices, enabling regasification capacity of 7.5 billion m3/year of natural gas per year to be installed.

Further, the United States is expected to add 30 new gas terminals in the next decade to meet rising demand for natural gas. Floating LNG terminals (FLNG terminals) are becoming increasingly popular as they are more flexible and cost-effective to build than traditional land-based terminals. FLNG terminals can be located closer to offshore gas fields, which reduces the cost of transporting natural gas to market. These new terminals will create jobs, boost the economy, and help meet the growing demand for energy. All the upcoming plans to expand the gas transport networks are expected to support the growth of the pumps market in the oil & gas industry.

Restraint: Increasing focus on use of renewable energy

Governments and businesses globally are striving to diminish their dependence on fossil fuels and transition toward a sustainable future. Consequently, the anticipated decline in the demand for oil and gas products poses a challenge for the oil and gas pumps market. Over the past decade, the substantial growth of renewable energy in regions like Asia Pacific, Europe, and North America, propelled by decreasing power generation costs and heightened environmental concerns, has led to increased competition with traditional oil and gas sources. This shift is impacting the market share of oil and gas companies and complicating investment justifications for new pumps. Investing in new oil and gas pumps has become intricate for industry players, as stringent global environmental regulations raise operational costs, diminishing profitability. Simultaneously, the rising adoption of cost-effective and efficient renewable energy sources like solar, wind, and geothermal power is further challenging the oil and gas sector. The transition to renewable energy is contributing to a decrease in oil and gas prices, constraining companies from investing in new projects and expanding production capacities. This reduction in capital expenditures is directly influencing the oil and gas pumps market, potentially leading to decreased demand for pump systems.

Opportunities: Discovery of new oilfields

Companies within the oil and gas industry have directed their efforts towards exploration for new reserves, driven by the challenges posed by existing fields that may hinder cost-effective hydrocarbon production and lead to abandonment. Major industry players have achieved substantial discoveries in both onshore and offshore regions, with the BP Statistical Review of 2020 noting that around 1,733.9 billion barrels of proven oil reserves remained untapped by the end of 2019. This trend is anticipated to boost upstream activities, resulting in an increased demand for oil and gas pumps. Recent noteworthy discoveries by upstream operators include Talos Energy's oil strike at the Zama field offshore Mexico, ExxonMobil's significant oil and gas discoveries in Guyana, Gazprom's vast natural gas discovery in the Russian Arctic, and various findings by companies like Wintershall Dea, PTTEP, Shell, Equinor, and BP. These discoveries signify promising long-term growth prospects for entities operating in the oil and gas pumps market..

Challenges: High competition and volatile crude oil prices

Within the oil and gas pumps market, numerous competitors demonstrate comparable financial and technological capabilities, along with a similar global reach, enabling them to provide products and services across various continents. This heightened competition has compelled companies to employ assertive strategies, including alliances and acquisitions, in a bid to secure market share. Consequently, manufacturers experience thin profit margins, typically ranging from 5% to 10%, with a substantial portion of their revenue derived from after-sales services. Moreover, the industry contends with the challenge of low capital expenditure (CAPEX) by most oil and gas operators due to the volatility in crude oil prices. This dynamic further adds complexity for pump manufacturers in the oil and gas sector.

Oil and Gas Pumps Market Ecosystem

In this market, prominent companies stand out as well-established and financially stable providers of oil and gas pumps products and services. With years of experience, these companies boast a diverse product portfolio, cutting-edge technologies, and robust global sales and marketing networks. Their proven track record in the industry positions them as reliable and trusted partners for customers seeking oil and gas pumps solutions. These companies have demonstrated their ability to adapt to market dynamics and consistently deliver high-quality products and services, making them leaders in meeting the demands of the oil and gas sector. Prominent companies in this market include as Atlas Copco AB (Sweden); Flowserve Corporation (US); Sulzer Ltd (Switzerland); KSB SE & Co. KGaA (Germany); Nikkiso Co., Ltd. (Japan).

Oil and Gas Pumps Market

The positive displacement pumps segment, by pump type industry, is expected to be the second fastest growing market during the forecast period.

This report segments the oil and gas pumps market based on pump type into different types: centrifugal pumps, positive displacement pumps, and cryogenic pumps. Positive displacement pumps are further classified into screw pumps, reciprocating pumps, rotary and gear pumps, and progressing cavity pumps. The market for reciprocating pumps is further divided into diaphragm pumps, multi-plunger pumps, and piston pumps. Each type of pump serves specific purposes within the oil & gas industry, and their selection depends on the nature of the fluid to be handled, pressure requirements, and operational conditions, among several other factors.

By application, downstream is expected to be second-fastest growing market during the forecast period.

This report segments the oil and gas pumps market based on application into three segments: upstream, midstream, and downstream. Downstream oil and gas pumps find applications into primary processing systems, secondary processing systems, and storage and transfer systems. The downstream process refers to the oil and gas operations that occur after crude oil has been transported through the midstream process but before the final product is sold. This process involves refining by-products such as gasoline, natural gas liquids, and diesel, which are carried out by refining companies. Hence, refining, marketing, distribution, and selling of end products of oil are covered by the companies involved in the downstream process.

“Asia Pacific: The fastest growing in the oil and gas pumps market.”

Asia Pacific is expected to be the fastest growing region in the oil and gas pumps market between 2023–2028, followed by North America and Middle East & Africa. The regional market is further segmented into China, Japan, India, South Korea, Australia, and Rest of Asia Pacific. The region has less than 9.0% of the world’s proven reserves, implying a high rate of redevelopment and rehabilitation of oilfields. Oil demand is predicted to rise in the next years because of the increasing population and industrialization, as well as rapid technological advancements enabling deepwater and ultra-deepwater drilling. With rising energy consumption and infrastructural development in the region, Asia Pacific is predicted to be the fastest-growing market for oil and gas pumps.

Oil and Gas Pumps Market Size, and Share

Key Market Players

The oil and gas pumps market is dominated by a few major players that have a wide regional presence. The major players in the oil and gas pumps market include as Atlas Copco AB (Sweden); Flowserve Corporation (US); Sulzer Ltd (Switzerland); KSB SE & Co. KGaA (Germany); Nikkiso Co., Ltd. (Japan).. Between 2018 and 2023, Strategies such as contracts, agreements, acquisitions, and expansions are followed by these companies to capture a larger share of the oil and gas pumps market.

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Scope of the Report

Report Metric

Details

Market size available for years

2021–2028

Base year considered

2022

Forecast period

2023–2028

Forecast units

Value (USD Million/Billion)

Segments Covered

Oil and Gas Pumps Market by Type, Pump Type, Application, and Region.

Geographies covered

Asia Pacific, North America, Europe, South America,  and Middle East & Africa.

Companies covered

Atlas Copco AB (Sweden); Flowserve Corporation (US); Sulzer Ltd (Switzerland); KSB SE & Co. KGaA (Germany); Nikkiso Co., Ltd. (Japan), HYDROMASHSERVICE (Russai), Gardner Denver (US), Xylem (US), SEEPEX GmbH (Germany), Leistritz Pumpen GmbH (Germany), ITT Goulds Pumps (US), WILO SE (Germany), SCHMITT Kreiselpumpen (Germany), TSURUMI MANUFACTURING CO., LTD (Japan), EBARA CORPORATION (Japan), TRILLIUM FLOW TECHNOLOGIES (Scotland), Halliburton (US), Baker Hughes Company (US), Gorman-Rupp Pumps (US), EBARA CORPORATION (Japan)

This research report categorizes the oil and gas pumps market based on type, pump type, application, and region.

On the basis of type, the oil and gas pumps market has been segmented as follows:
  • Submersible Pumps
  • Non-submersible Pumps
On the basis of pump type, the market has been segmented as follows:
  • Centrifugal Pumps
  • Positive Displacement Pumps
  • Cryogenic Pumps
On the basis of application, the market has been segmented as follows:
  • Upstream
  • Midstream
  • Downstream
On the basis of region, the market has been segmented as follows:
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

Recent Developments

  • In May 2023, KSB SE & Co. KGaA added 19 sizes to its MegaCPK type series. The new seal chamber design allows the installation of gland packings, all common mechanical seals compliant with EN 12756, as well as a large number of cartridge-type mechanical seals. This expansion will ensure a high degree of reliability and improves the availability of an entire system.
  • In August 2022, Atlas Copco acquired LEWA GmbH, a German manufacturer of diaphragm metering pumps, process pumps, and complete metering systems, including its subsidiaries, and Geveke B.V., an expert in pump systems, compressors, and associated services, including its subsidiaries, to strengthen its industrial pumps business.
  • In April 2022, Atlas Copco acquired Pumpenfabrik Wangen GmbHGerman,  a manufacturer of progressive cavity pumps, especially for transferring fluids in the biogas and wastewater sectors, and twin-screw pumps for food & beverages and cosmetics industries. This acquisition is likely to help Atlas Copco create a solid foundation for further growth in new industrial pump segments.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 30)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS AND EXCLUSIONS 
    1.4 MARKET SCOPE 
           1.4.1 OIL AND GAS PUMPS MARKET SEGMENTATION
           1.4.2 REGIONAL SCOPE
           1.4.3 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
           1.8.1 IMPACT OF RECESSION
 
2 RESEARCH METHODOLOGY (Page No. - 36)
    2.1 RESEARCH DATA 
           FIGURE 1 OIL AND GAS PUMPS MARKET: RESEARCH DESIGN
    2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 2 DATA TRIANGULATION
           2.2.1 SECONDARY DATA
                    2.2.1.1 List of major secondary sources
                    2.2.1.2 Key data from secondary sources
           2.2.2 PRIMARY DATA
                    2.2.2.1 List of primary interview participants
                    2.2.2.2 Key data from primary sources
                    2.2.2.3 Breakdown of primaries
                               FIGURE 3 BREAKDOWN OF PRIMARIES: BY COMPANY TYPE, DESIGNATION, AND REGION
    2.3 MARKET SIZE ESTIMATION 
           2.3.1 BOTTOM-UP APPROACH
                    FIGURE 4 OIL AND GAS PUMPS MARKET: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 5 OIL AND GAS PUMPS MARKET: TOP-DOWN APPROACH
    2.4 DEMAND-SIDE ANALYSIS 
           2.4.1 DEMAND-SIDE METRICS
                    FIGURE 6 METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR OIL AND GAS PUMPS
                    2.4.1.1 Assumptions for demand-side analysis
           2.4.2 SUPPLY-SIDE ANALYSIS
                    FIGURE 7 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF OIL AND GAS PUMPS
                    FIGURE 8 OIL AND GAS PUMPS MARKET: SUPPLY-SIDE ANALYSIS
                    2.4.2.1 Calculations for supply side
                    2.4.2.2 Assumptions for supply-side analysis
           2.4.3 FORECAST
                    2.4.3.1 Risk assessment
                    2.4.3.2 Recession impact
 
3 EXECUTIVE SUMMARY (Page No. - 47)
    TABLE 1 OIL AND GAS PUMPS MARKET SNAPSHOT 
    FIGURE 9 NON-SUBMERSIBLE PUMPS TO CAPTURE LARGER MARKET SHARE IN 2028 
    FIGURE 10 CENTRIFUGAL PUMPS TO LEAD OIL AND GAS PUMPS MARKET THROUGHOUT FORECAST PERIOD 
    FIGURE 11 MIDSTREAM APPLICATIONS TO COMMAND OIL AND GAS PUMPS MARKET FROM 2023 TO 2028 
    FIGURE 12 NORTH AMERICA DOMINATED OIL AND GAS PUMPS MARKET IN 2022 
 
4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 ATTRACTIVE OPPORTUNITIES IN OIL AND GAS PUMPS MARKET 
           FIGURE 13 CONSTANT TECHNOLOGICAL DEVELOPMENTS IN DEEPWATER AND ULTRA-DEEPWATER OPERATIONS TO CREATE OPPORTUNITIES FOR PLAYERS IN OIL AND GAS PUMPS MARKET
    4.2 OIL AND GAS PUMPS MARKET, BY TYPE 
           FIGURE 14 NON-SUBMERSIBLE PUMPS SEGMENT DOMINATED OIL AND GAS PUMPS MARKET IN 2022
    4.3 OIL AND GAS PUMPS MARKET, BY PUMP TYPE 
           FIGURE 15 CENTRIFUGAL PUMPS LED OIL AND GAS PUMPS MARKET IN 2022
    4.4 OIL AND GAS PUMPS MARKET, BY APPLICATION 
           FIGURE 16 MIDSTREAM APPLICATIONS COMMANDED OIL AND GAS PUMPS MARKET IN 2022
           FIGURE 17 ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
    4.5 OIL AND GAS PUMPS MARKET IN NORTH AMERICA, BY APPLICATION AND COUNTRY 
           FIGURE 18 MIDSTREAM SEGMENT AND US ACCOUNTED FOR LARGEST SHARE OF NORTH AMERICAN MARKET IN 2022
 
5 MARKET OVERVIEW (Page No. - 54)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 19 OIL AND GAS PUMPS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Continuous shale development activities
                               FIGURE 20 TOP COUNTRIES WITH TECHNICALLY RECOVERABLE SHALE OIL RESOURCES
                               FIGURE 21 TOP COUNTRIES WITH TECHNICALLY RECOVERABLE SHALE GAS RESOURCES
                    5.2.1.2 Rapid expansion of gas terminals
                    5.2.1.3 Increased global demand for oil
                               FIGURE 22 GLOBAL OIL DEMAND, 2019–2028
                               TABLE 2 GLOBAL OIL DEMAND (OECD VS. NON-OECD), 2021–2028
           5.2.2 RESTRAINTS
                    5.2.2.1 Increasing focus on use of renewable energy
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Discovery of new oilfields
                    5.2.3.2 Ongoing pipeline infrastructure development projects in Asia Pacific and Middle East
           5.2.4 CHALLENGES
                    5.2.4.1 High competition and volatile crude oil prices
                    5.2.4.2 Difficulties in reducing delivery/lead time
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 23 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS OF OIL AND GAS PUMP PROVIDERS
    5.4 SUPPLY CHAIN ANALYSIS 
           FIGURE 24 OIL AND GAS PUMPS MARKET: SUPPLY CHAIN ANALYSIS
           5.4.1 RAW MATERIAL/COMPONENT PROVIDERS
           5.4.2 PUMPS MANUFACTURERS
           5.4.3 END USERS
    5.5 ECOSYSTEM ANALYSIS 
           FIGURE 25 OIL AND GAS PUMP ECOSYSTEM
    5.6 TECHNOLOGY ANALYSIS 
           5.6.1 VARIABLE SPEED DRIVES (VSDS)
           5.6.2 SUBMERSIBLE PUMPS
           5.6.3 INTELLIGENT PUMPS
           5.6.4 ROBOTICS AND AUTOMATION
    5.7 KEY CONFERENCES AND EVENTS 
           TABLE 3 LIST OF CONFERENCES AND EVENTS IN OIL AND GAS PUMPS MARKET, 2023–2024
    5.8 PATENT ANALYSIS 
           FIGURE 26 INNOVATIONS AND PATENT REGISTRATIONS PERTAINING TO OIL AND GAS PUMPS, 2012–2022
           5.8.1 LIST OF MAJOR PATENTS
    5.9 REGULATORY LANDSCAPE 
           5.9.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 4 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 5 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 6 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 7 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 8 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.9.2 REGULATORY FRAMEWORK
                    TABLE 9 REGULATIONS
    5.10 PRICING ANALYSIS 
           5.10.1 INDICATIVE PRICING TREND OF PUMPS, BY REGION
                    TABLE 10 INDICATIVE PRICE RANGE OF PUMPS, BY REGION, 2022–2028
           5.10.2 INDICATIVE PRICING TREND OF PUMPS, BY PUMP TYPE
                    TABLE 11 INDICATIVE PRICE RANGE OF PUMPS, BY PUMP TYPE, 2022–2028
    5.11 CASE STUDY ANALYSIS 
           5.11.1 CHEVRON OPTIMIZES PUMP SYSTEM PERFORMANCE WITH INTEGRATION OF VARIABLE SPEED DRIVES
           5.11.2 BP MINIMIZES DOWNTIME WITH INSTALLATION OF INTELLIGENT PUMP MONITORING SYSTEMS
           5.11.3 EXXONMOBIL REDUCES ENVIRONMENTAL IMPACT BY UTILIZING SOLAR-POWERED PUMPS
    5.12 EXPORT/IMPORT SCENARIOS, BY HS CODE 
           5.12.1 HS CODE 8413
                    5.12.1.1 Export scenario
                               TABLE 12 EXPORT SCENARIO FOR HS CODE 8413-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2022 (USD)
                               FIGURE 27 EXPORT SCENARIO FOR HS CODE 8413-COMPLIANT PRODUCTS FOR TOP 5 COUNTRIES, 2020–2022 (USD)
                    5.12.1.2 Import scenario
                               TABLE 13 IMPORT SCENARIO FOR HS CODE 8413-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2022 (USD)
                               FIGURE 28 IMPORT SCENARIO FOR HS CODE 8413-COMPLIANT PRODUCTS FOR TOP 5 COUNTRIES, 2020–2022 (USD)
    5.13 PORTER'S FIVE FORCES ANALYSIS 
                    FIGURE 29 OIL AND GAS PUMPS MARKET: PORTER’S FIVE FORCES ANALYSIS
                    TABLE 14 OIL AND GAS PUMPS MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.13.1 THREAT OF NEW ENTRANTS
           5.13.2 BARGAINING POWER OF BUYERS
           5.13.3 BARGAINING POWER OF SUPPLIERS
           5.13.4 THREAT OF SUBSTITUTES
           5.13.5 INTENSITY OF COMPETITIVE RIVALRY
    5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF PUMP TYPE
                    TABLE 15 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF PUMP TYPES (%)
           5.14.2 BUYING CRITERIA
                    FIGURE 31 KEY BUYING CRITERIA FOR OIL AND GAS PUMP TYPES
                    TABLE 16 KEY BUYING CRITERIA FOR OIL AND GAS PUMP TYPES
 
6 OIL AND GAS PUMPS MARKET, BY TYPE (Page No. - 78)
    6.1 INTRODUCTION 
           FIGURE 32 OIL AND GAS PUMPS MARKET SHARE, BY TYPE, 2022
           TABLE 17 OIL AND GAS PUMPS MARKET, BY TYPE, 2021–2028 (USD MILLION)
    6.2 SUBMERSIBLE PUMPS 
           6.2.1 INCREASING OFFSHORE OIL AND GAS ACTIVITIES TO ACCELERATE SEGMENTAL GROWTH
                    TABLE 18 SUBMERSIBLE PUMPS: OIL AND GAS PUMPS MARKET, BY REGION, 2021–2028 (USD MILLION)
    6.3 NON-SUBMERSIBLE PUMPS 
           6.3.1 GROWING INVESTMENTS IN MIDSTREAM INFRASTRUCTURE DEVELOPMENT TO FUEL SEGMENTAL GROWTH
                    TABLE 19 NON-SUBMERSIBLE PUMPS: OIL AND GAS PUMPS MARKET, BY REGION, 2021–2028 (USD MILLION)
 
7 OIL AND GAS PUMPS MARKET, BY PUMP TYPE (Page No. - 82)
    7.1 INTRODUCTION 
           FIGURE 33 OIL AND GAS PUMPS MARKET SHARE, BY PUMP TYPE, 2022
           TABLE 20 OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
    7.2 CENTRIFUGAL PUMPS 
           7.2.1 INCREASING INVESTMENTS IN OIL AND GAS SECTOR IN EMERGING ECONOMIES TO FUEL MARKET GROWTH
                    TABLE 21 CENTRIFUGAL PUMPS: OIL AND GAS PUMPS MARKET, BY REGION, 2021–2028 (USD MILLION)
    7.3 POSITIVE DISPLACEMENT PUMPS 
           7.3.1 GROWING FOCUS ON UPSTREAM ACTIVITIES TO BOOST DEMAND
           7.3.2 SCREW PUMPS
                    7.3.2.1 Implementation of advanced control systems and remote monitoring solutions to boost demand
           7.3.3 RECIPROCATING PUMPS
                    7.3.3.1 Utilization in most abrasive and corrosive applications to accelerate demand
                    7.3.3.2 Diaphragm pumps
                               7.3.3.2.1 Ability to handle many aggressive chemicals to increase adoption
                    7.3.3.3 Multi-plunger pumps
                               7.3.3.3.1 Capability to handle solid and viscous-containing media to fuel demand
                    7.3.3.4 Piston pumps
                               7.3.3.4.1 Deployment in water injection, water jet cutting, fluid transfer, and other industrial applications to foster market growth
           7.3.4 ROTARY AND GEAR PUMPS
                    7.3.4.1 Adoption in exploration, production, and refining processes in oil & gas sector for seamless flow of fluids to drive market
           7.3.5 PROGRESSING CAVITY PUMPS
                    7.3.5.1 Implementation of PCPs in crude oil production, water injection, and wastewater disposal to boost demand
                               TABLE 22 POSITIVE DISPLACEMENT PUMPS: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 23 RECIPROCATING PUMPS: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 24 POSITIVE DISPLACEMENT PUMPS: OIL AND GAS PUMPS MARKET, BY REGION, 2021–2028 (USD MILLION)
    7.4 CRYOGENIC PUMPS 
           7.4.1 ABILITY TO OPERATE IN EXTREMELY LOW-TEMPERATURE ENVIRONMENTS TO SURGE DEMAND
                    TABLE 25 CRYOGENIC PUMPS: OIL AND GAS PUMPS MARKET, BY REGION, 2021–2028 (USD MILLION)
 
8 OIL AND GAS PUMPS MARKET, BY APPLICATION (Page No. - 89)
    8.1 INTRODUCTION 
           FIGURE 34 OIL AND GAS PUMPS MARKET SHARE, BY APPLICATION, 2022
                    TABLE 26 OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
    8.2 UPSTREAM 
           8.2.1 INCREASING OIL AND GAS EXPLORATION AND PRODUCTION ACTIVITIES TO DRIVE SEGMENTAL GROWTH
           8.2.2 ARTIFICIAL LIFT PUMPS (ONSHORE)
                    8.2.2.1 Need to optimize production from mature fields to fuel market growth
           8.2.3 PRODUCED WATER HANDLING SYSTEMS (ONSHORE)
                    8.2.3.1 Growing adoption of water reuse technologies to boost demand
           8.2.4 SOLID CONTROL EQUIPMENT (ONSHORE)
                    8.2.4.1 Requirement to remove solids and contaminants during drilling activities to accelerate demand
           8.2.5 SEAWATER LIFT PUMPS
                    8.2.5.1 Implementation of advanced monitoring and automation technologies to increase adoption
           8.2.6 WATER AND CO2 INJECTION SYSTEMS
                    8.2.6.1 Pressing need to capture and store carbon and prevent its release into atmosphere to drive market
           8.2.7 SAFETY AND FIREFIGHTING SYSTEMS
                    8.2.7.1 Increasing focus on workplace safety to boost demand
           8.2.8 GATHERING AND SEPARATION SYSTEMS
                    8.2.8.1 Increasing production of natural gas to propel market
                               TABLE 27 UPSTREAM: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                               TABLE 28 UPSTREAM: OIL AND GAS PUMPS MARKET, BY REGION, 2021–2028 (USD MILLION)
    8.3 MIDSTREAM 
           8.3.1 INCREASING INVESTMENTS IN OIL AND GAS INFRASTRUCTURE DEVELOPMENT TO DRIVE MARKET
           8.3.2 PIPELINE BOOSTING (ONSHORE)
                    8.3.2.1 Expansion of oil and gas pipeline networks to fuel demand
           8.3.3 TERMINALS
                    8.3.3.1 Need to redistribute fluids during midstream activities to drive market
           8.3.4 OTHERS
                    TABLE 29 MIDSTREAM: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                    TABLE 30 MIDSTREAM: OIL AND GAS PUMPS MARKET, BY REGION, 2021–2028 (USD MILLION)
    8.4 DOWNSTREAM 
           8.4.1 RISING FOCUS ON ENHANCING REFINING CAPACITY TO DRIVE MARKET
           8.4.2 PRIMARY PROCESSING SYSTEMS
                    8.4.2.1 Increasing demand for refined petroleum products to fuel segmental growth
           8.4.3 SECONDARY PROCESSING SYSTEMS
                    8.4.3.1 Rising use of high-quality petroleum products to boost segmental growth
           8.4.4 STORAGE AND TRANSFER SYSTEMS
                    8.4.4.1 Increasing focus on expanding storage capacity of refined petroleum products to fuel market growth
                               TABLE 31 DOWNSTREAM: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                               TABLE 32 DOWNSTREAM: OIL AND GAS PUMPS MARKET, BY REGION, 2021–2028 (USD MILLION)
 
9 OIL AND GAS PUMPS MARKET, BY REGION (Page No. - 99)
    9.1 INTRODUCTION 
           FIGURE 35 OIL AND GAS PUMPS MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
           FIGURE 36 OIL AND GAS PUMPS MARKET SHARE, BY REGION, 2022
           TABLE 33 OIL AND GAS PUMPS MARKET, BY REGION, 2021–2028 (USD MILLION)
           TABLE 34 OIL AND GAS PUMPS MARKET, BY REGION, 2021–2028 (UNITS)
    9.2 ASIA PACIFIC 
           9.2.1 RECESSION IMPACT: ASIA PACIFIC
                    FIGURE 37 REGIONAL SNAPSHOT: ASIA PACIFIC
           9.2.2 BY TYPE
                    TABLE 35 ASIA PACIFIC: OIL AND GAS PUMPS MARKET, BY TYPE, 2021–2028 (USD MILLION)
           9.2.3 BY PUMP TYPE
                    TABLE 36 ASIA PACIFIC: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
           9.2.4 BY APPLICATION
                    TABLE 37 ASIA PACIFIC: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
           9.2.5 BY COUNTRY
                    TABLE 38 ASIA PACIFIC: OIL AND GAS PUMPS MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
                    9.2.5.1 China
                               9.2.5.1.1 Rising focus on increasing oil and gas production to meet energy demand to drive market
                               TABLE 39 CHINA: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 40 CHINA: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                    9.2.5.2 Japan
                               9.2.5.2.1 Strong focus on reducing import of oil and natural gas to boost demand for oil and gas pumps
                               TABLE 41 JAPAN: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 42 JAPAN: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                    9.2.5.3 India
                               9.2.5.3.1 Government initiatives to expand natural gas pipeline network to accelerate market growth
                               TABLE 43 INDIA: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 44 INDIA: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                    9.2.5.4 South Korea
                               9.2.5.4.1 Efforts to increase energy production to boost demand for oil and gas pumps
                               TABLE 45 SOUTH KOREA: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 46 SOUTH KOREA: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                    9.2.5.5 Australia
                               9.2.5.5.1 Development of natural gas reserves to drive market
                               TABLE 47 AUSTRALIA: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 48 AUSTRALIA: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                    9.2.5.6 Rest of Asia Pacific
                               TABLE 49 REST OF ASIA PACIFIC: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 50 REST OF ASIA PACIFIC: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
    9.3 NORTH AMERICA 
           9.3.1 RECESSION IMPACT: NORTH AMERICA
                    FIGURE 38 REGIONAL SNAPSHOT: NORTH AMERICA
           9.3.2 BY TYPE
                    TABLE 51 NORTH AMERICA: OIL AND GAS PUMPS MARKET, BY TYPE, 2021–2028 (USD MILLION)
           9.3.3 BY PUMP TYPE
                    TABLE 52 NORTH AMERICA: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
           9.3.4 BY APPLICATION
                    TABLE 53 NORTH AMERICA: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
           9.3.5 BY COUNTRY
                    TABLE 54 NORTH AMERICA: OIL AND GAS PUMPS MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
                    9.3.5.1 US
                               9.3.5.1.1 Rapid shale development activities to drive market
                               TABLE 55 US: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 56 US: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                    9.3.5.2 Canada
                               9.3.5.2.1 Installation of new pipeline projects to fuel demand
                               TABLE 57 CANADA: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 58 CANADA: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                    9.3.5.3 Mexico
                               9.3.5.3.1 Increasing offshore oil and gas activities to support market growth
                               TABLE 59 MEXICO: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 60 MEXICO: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
    9.4 EUROPE 
           9.4.1 RECESSION IMPACT: EUROPE
           9.4.2 BY TYPE
                    TABLE 61 EUROPE: OIL AND GAS PUMPS MARKET, BY TYPE, 2021–2028 (USD MILLION)
           9.4.3 BY PUMP TYPE
                    TABLE 62 EUROPE: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
           9.4.4 BY APPLICATION
                    TABLE 63 EUROPE: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
           9.4.5 BY COUNTRY
                    TABLE 64 EUROPE: OIL AND GAS PUMPS MARKET SIZE, BY COUNTRY, 2021–2028 (USD MILLION)
                    9.4.5.1 Russia
                               9.4.5.1.1 Rising focus on building new oil and gas pipelines to support market growth
                               TABLE 65 RUSSIA: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 66 RUSSIA: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                    9.4.5.2 Germany
                               9.4.5.2.1 Ongoing midstream and downstream infrastructure development projects to boost demand
                               TABLE 67 GERMANY: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 68 GERMANY: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                    9.4.5.3 France
                               9.4.5.3.1 In-progress underwater gas pipeline projects to contribute to market growth
                               TABLE 69 FRANCE: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 70 FRANCE: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                    9.4.5.4 Italy
                               9.4.5.4.1 Significant focus on enhancing oil and gas production capacity to foster demand
                               TABLE 71 ITALY: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 72 ITALY: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                    9.4.5.5 UK
                               9.4.5.5.1 Shifting focus toward brownfield projects to accelerate demand
                               TABLE 73 UK: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 74 UK: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                    9.4.5.6 Norway
                               9.4.5.6.1 Growing oil and gas exploration and production activities to fuel demand
                               TABLE 75 NORWAY: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 76 NORWAY: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                    9.4.5.7 Rest of Europe
                               TABLE 77 REST OF EUROPE: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 78 REST OF EUROPE: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
    9.5 MIDDLE EAST & AFRICA 
           9.5.1 RECESSION IMPACT: MIDDLE EAST & AFRICA
           9.5.2 BY TYPE
                    TABLE 79 MIDDLE EAST & AFRICA: OIL AND GAS PUMPS MARKET, BY TYPE, 2021–2028 (USD MILLION)
           9.5.3 BY PUMP TYPE
                    TABLE 80 MIDDLE EAST & AFRICA: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
           9.5.4 BY APPLICATION
                    TABLE 81 MIDDLE EAST & AFRICA: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
           9.5.5 BY COUNTRY
                    TABLE 82 MIDDLE EAST & AFRICA: OIL AND GAS PUMPS MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
                    TABLE 83 GCC COUNTRIES: OIL AND GAS PUMPS MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
                    9.5.5.1 GCC countries
                               9.5.5.1.1 Saudi Arabia
                                             9.5.5.1.1.1 Significant presence of proven oil reserves to boost demand
                               TABLE 84 SAUDI ARABIA: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 85 SAUDI ARABIA: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                               9.5.5.1.2 UAE
                                             9.5.5.1.2.1 Intension to become net gas exporter and provide long-term power source to fuel market growth
                               TABLE 86 UAE: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 87 UAE: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                               9.5.5.1.3 Kuwait
                                             9.5.5.1.3.1 Government plan to increase oil and natural gas production in coming years to drive market
                               TABLE 88 KUWAIT: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 89 KUWAIT: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                               9.5.5.1.4 Qatar
                                             9.5.5.1.4.1 Increasing production of LNG, crude oil, and petroleum products to contribute to market growth
                               TABLE 90 QATAR: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 91 QATAR: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                               9.5.5.1.5 Rest of GCC countries
                               TABLE 92 REST OF GCC COUNTRIES: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 93 REST OF GCC COUNTRIES: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                    9.5.5.2 Angola
                               9.5.5.2.1 Abundance of untapped oil and gas reserves to propel demand
                               TABLE 94 ANGOLA: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 95 ANGOLA: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                    9.5.5.3 Nigeria
                               9.5.5.3.1 Presence of deepwater and ultra-deepwater reserves to fuel demand
                               TABLE 96 NIGERIA: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 97 NIGERIA: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                    9.5.5.4 Rest of Middle East & Africa
                               TABLE 98 REST OF MIDDLE EAST & AFRICA: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 99 REST OF MIDDLE EAST & AFRICA: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
    9.6 SOUTH AMERICA 
           9.6.1 RECESSION IMPACT: SOUTH AMERICA
           9.6.2 BY TYPE
                    TABLE 100 SOUTH AMERICA: OIL AND GAS PUMPS MARKET, BY TYPE, 2021–2028 (USD MILLION)
           9.6.3 BY PUMP TYPE
                    TABLE 101 SOUTH AMERICA: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
           9.6.4 BY APPLICATION
                    TABLE 102 SOUTH AMERICA: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
           9.6.5 BY COUNTRY
                    TABLE 103 SOUTH AMERICA: OIL AND GAS PUMPS MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
                    9.6.5.1 Brazil
                               9.6.5.1.1 Increasing investments in exploration and production activities to drive market
                               TABLE 104 BRAZIL: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 105 BRAZIL: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                    9.6.5.2 Argentina
                               9.6.5.2.1 Increasing focus on producing natural gas and reducing gas import to fuel demand
                               TABLE 106 ARGENTINA: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 107 ARGENTINA: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                    9.6.5.3 Venezuela
                               9.6.5.3.1 Increasing oil and gas production to support market growth
                               TABLE 108 VENEZUELA: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 109 VENEZUELA: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                    9.6.5.4 Rest of South America
                               TABLE 110 REST OF SOUTH AMERICA: OIL AND GAS PUMPS MARKET, BY PUMP TYPE, 2021–2028 (USD MILLION)
                               TABLE 111 REST OF SOUTH AMERICA: OIL AND GAS PUMPS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
 
10 COMPETITIVE LANDSCAPE (Page No. - 144)
     10.1 OVERVIEW 
     10.2 STRATEGIES ADOPTED BY KEY PLAYERS, 2019–2023 
     10.3 MARKET SHARE ANALYSIS, 2022 
               TABLE 112 OIL AND GAS PUMPS MARKET: DEGREE OF COMPETITION
               FIGURE 39 MARKET SHARE ANALYSIS OF TOP PLAYERS, 2022
               TABLE 113 KEY PLAYERS: BY PUMP TYPE
     10.4 MARKET EVALUATION FRAMEWORK 
               TABLE 114 MARKET EVALUATION FRAMEWORK, 2019–2023
     10.5 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022 
               FIGURE 40 SEGMENTAL REVENUE ANALYSIS, 2018–2022
     10.6 COMPETITIVE SCENARIOS AND TRENDS 
             10.6.1 DEALS
                       TABLE 115 OIL AND GAS PUMPS MARKET: DEALS, 2019–2023
             10.6.2 OTHERS
                       TABLE 116 OIL AND GAS PUMPS MARKET: OTHERS, 2019–2023
     10.7 EVALUATION MATRIX OF KEY PLAYERS, 2022 
             10.7.1 STARS
             10.7.2 EMERGING LEADERS
             10.7.3 PERVASIVE PLAYERS
             10.7.4 PARTICIPANTS
                       FIGURE 41 OIL AND GAS PUMPS MARKET: EVALUATION MATRIX OF KEY COMPANIES, 2022
             10.7.5 KEY COMPANY FOOTPRINT
                       TABLE 117 TYPE FOOTPRINT (17 KEY COMPANIES)
                       TABLE 118 PUMP TYPE FOOTPRINT (17 KEY COMPANIES)
                       TABLE 119 APPLICATION FOOTPRINT (17 KEY COMPANIES)
                       TABLE 120 REGION FOOTPRINT (17 KEY COMPANIES)
                       TABLE 121 OVERALL FOOTPRINT (17 KEY COMPANIES)
     10.8 EVALUATION MATRIX OF START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES), 2022 
             10.8.1 PROGRESSIVE COMPANIES
             10.8.2 RESPONSIVE COMPANIES
             10.8.3 DYNAMIC COMPANIES
             10.8.4 STARTING BLOCKS
                       FIGURE 42 OIL AND GAS PUMPS MARKET: EVALUATION MATRIX OF START-UPS/SMES, 2022
             10.8.5 COMPETITIVE BENCHMARKING
                       TABLE 122 OIL AND GAS PUMPS MARKET: LIST OF KEY START-UPS/SMES
             10.8.6 START-UPS/SMES FOOTPRINT
                       TABLE 123 TYPE FOOTPRINT: (5 START-UPS/SMES)
                       TABLE 124 PUMP TYPE FOOTPRINT: (5 START-UPS/SMES)
                       TABLE 125 APPLICATION FOOTPRINT: (5 START-UPS/SMES)
                       TABLE 126 REGION FOOTPRINT: (5 START-UPS/SMES)
                       TABLE 127 OVERALL FOOTPRINT (5 START-UPS/SMES)
 
11 COMPANY PROFILES (Page No. - 162)
     11.1 KEY COMPANIES 
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
             11.1.1 ATLAS COPCO AB
                       TABLE 128 ATLAS COPCO AB: COMPANY OVERVIEW
                       FIGURE 43 ATLAS COPCO AB: COMPANY SNAPSHOT
                       TABLE 129 ATLAS COPCO AB: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 130 ATLAS COPCO AB: PRODUCT LAUNCHES
                       TABLE 131 ATLAS COPCO AB: DEALS
             11.1.2 FLOWSERVE CORPORATION
                       TABLE 132 FLOWSERVE CORPORATION: COMPANY OVERVIEW
                       FIGURE 44 FLOWSERVE CORPORATION: COMPANY SNAPSHOT
                       TABLE 133 FLOWSERVE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 134 FLOWSERVE CORPORATION: PRODUCT LAUNCHES
             11.1.3 SULZER LTD
                       TABLE 135 SULZER LTD: COMPANY OVERVIEW
                       FIGURE 45 SULZER LTD: COMPANY SNAPSHOT
                       TABLE 136 SULZER LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.4 KSB SE & CO. KGAA
                       TABLE 137 KSB SE & CO. KGAA: COMPANY OVERVIEW
                       FIGURE 46 KSB SE & CO. KGAA: COMPANY SNAPSHOT
                       TABLE 138 KSB SE & CO. KGAA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 139 KSB SE & CO. KGAA: PRODUCT LAUNCHES
                       TABLE 140 KSB SE & CO. KGAA: OTHERS
             11.1.5 NIKKISO CO., LTD.
                       TABLE 141 NIKKISO CO., LTD.: COMPANY OVERVIEW
                       FIGURE 47 NIKKISO CO., LTD.: COMPANY SNAPSHOT
                       TABLE 142 NIKKISO CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.6 HYDROMASHSERVICE
                       TABLE 143 HYDROMASHSERVICE: COMPANY OVERVIEW
                       TABLE 144 HYDROMASHSERVICE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.7 GARDNER DENVER
                       TABLE 145 GARDNER DENVER: COMPANY OVERVIEW
                       TABLE 146 GARDNER DENVER: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.8 XYLEM
                       TABLE 147 XYLEM: COMPANY OVERVIEW
                       FIGURE 48 XYLEM: COMPANY SNAPSHOT
                       TABLE 148 XYLEM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.9 SEEPEX GMBH
                       TABLE 149 SEEPEX GMBH: COMPANY OVERVIEW
                       TABLE 150 SEEPEX GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 151 SEEPEX GMBH: PRODUCT LAUNCHES
             11.1.10 LEISTRITZ PUMPEN GMBH
                       TABLE 152 LEISTRITZ PUMPEN GMBH: COMPANY OVERVIEW
                       TABLE 153 LEISTRITZ PUMPEN GMBH: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             11.1.11 ITT GOULDS PUMPS
                       TABLE 154 ITT GOULDS PUMPS: COMPANY OVERVIEW
                       TABLE 155 ITT GOULDS PUMPS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
                       TABLE 156 ITT GOULDS PUMPS: DEALS
             11.1.12 WILO SE
                       TABLE 157 WILO SE: COMPANY OVERVIEW
                       TABLE 158 WILO SE: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             11.1.13 SCHMITT KREISELPUMPEN
                       TABLE 159 SCHMITT KREISELPUMPEN: COMPANY OVERVIEW
                       TABLE 160 SCHMITT KREISELPUMPEN: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             11.1.14 TSURUMI MANUFACTURING CO., LTD.
                       TABLE 161 TSURUMI MANUFACTURING CO., LTD.: COMPANY OVERVIEW
                       FIGURE 49 TSURUMI MANUFACTURING CO., LTD.: COMPANY SNAPSHOT
                       TABLE 162 TSURUMI MANUFACTURING CO., LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             11.1.15 EBARA CORPORATION
                       TABLE 163 EBARA CORPORATION: COMPANY OVERVIEW
                       FIGURE 50 EBARA CORPORATION: COMPANY SNAPSHOT
                       TABLE 164 EBARA CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
     11.2 OTHER PLAYERS 
             11.2.1 TRILLIUM FLOW TECHNOLOGIES
             11.2.2 HALLIBURTON
             11.2.3 BAKER HUGHES COMPANY
             11.2.4 GORMAN-RUPP PUMPS
             11.2.5 DESIGNED & ENGINEERED PUMPS
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
 
12 APPENDIX (Page No. - 197)
     12.1 INSIGHTS FROM INDUSTRY EXPERTS 
     12.2 DISCUSSION GUIDE 
     12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     12.4 CUSTOMIZATION OPTIONS 
     12.5 RELATED REPORTS 
     12.6 AUTHOR DETAILS 

The study involved major activities in estimating the current size of the Oil and gas pumps market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

Secondary Research

This research study on the oil and gas pumps market involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg, Factiva, IRENA, International Energy Agency, and Statista Industry Journal, to collect and identify information useful for a technical, market-oriented, and commercial study of the oil and gas pumps market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research

The oil and gas pumps market comprises several stakeholders, such as oil & gas pumps  manufacturers, technology providers, and technical support providers in the supply chain. The demand side of this market is characterized by the rising demand for oil & gas pumps in various applications such as upstream, midstream, and downstream. The supply side is characterized by rising demand for contracts from the industrial sector and mergers & acquisitions among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Oil and Gas Pumps Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the oil and gas pumps market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market share has been determined through primary and secondary research.
  • The industry’s value chain and market size, in terms of value, have been determined through both primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Oil and Gas Pumps Market Size: Top-Down Approach

Oil and Gas Pumps Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Oil and Gas Pumps Market Size: Bottom-Up Approach

Oil and Gas Pumps Market Size, and Share

Data Triangulation

After arriving at the overall market size from the above estimation process, the total market has been split into several segments and subsegments. Data triangulation and market breakdown processes have been employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand- and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.

Market Definition

Pumps play a crucial role within the oil and gas sector, facilitating fluid transportation across upstream drilling sites, crude oil pipelines, and LNG export terminals. Traditionally powered by fixed-speed electric motors, they've now largely transitioned to variable-speed electric motors. These motors, linked with pumps, mitigate equipment failure risks by minimizing both electrical and mechanical strains, thereby reducing operational downtimes.

Key Stakeholders

  • Energy Regulators
  • Consulting companies in the energy and power sector
  • Distributors of oil & gas pumps solutions
  • Governments and research organizations
  • Power equipment and garden tool manufacturers
  • Oil & gas pumps providers
  • Spare parts and component suppliers

Objectives of the Study

  • To define, describe, and forecast the oil and gas pumps market based on type, pump type,  application and region in terms of value
  • To define, describe, and forecast the market across five key regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America, along with the country-level market analyses in terms of value
  • To provide detailed information about industry-specific key drivers, restraints, opportunities, and challenges influencing the growth of the oil and gas pumps market
  • To strategically analyze the oil and gas pumps market with respect to individual growth trends, prospects, and contributions of each segment to the market
  • To provide information pertaining to the supply chain, trends/disruptions impacting customers’ businesses, market mapping, pricing of oil & gas pumps, and regulatory landscape pertaining to the oil and gas pumps market
  • To strategically analyze the micromarkets1 with respect to individual growth trends, upcoming expansions, and their contributions to the overall market
  • To analyze opportunities for stakeholders in the oil and gas pumps market and draw a competitive landscape for market players
  • To benchmark players within the market using the company evaluation matrix, which analyzes market players on various parameters within the broad categories of business and product strategies
  • To compare key market players with respect to the market share, product specifications, and applications
  • To strategically profile key players and comprehensively analyze their market ranking and core competencies2
  • To track and analyze competitive developments in the oil and gas pumps market, such as expansions, product launches, partnerships, and acquisitions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Product Analysis

  • Product Matrix, which provides a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analyses and profiling of additional market players
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
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Published ON
Nov, 2023
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