Oil & Gas Pumps Market

Sulzer (Switzerland) and KSB (Germany) are the Leading Players in the Oil & Gas Pumps Market

The global pumps market in oil & gas industry is expected to grow from an estimated USD 8.47 billion in 2018 to USD 10.36 billion by 2023, at a CAGR of 4.12%. In 2018, the market in North America is estimated to be the largest, followed by Asia Pacific. Factors such as growth of unconventional resources in the North American, South American, and Asia Pacific regions and development of gas terminals are expected to drive the oil & gas pumps market during the forecast period.

The global pumps market in oil & gas industry is dominated by a few major players that have a wide regional presence. The leading players in the pumps market are Flowserve (US), Sulzer (Switzerland), KSB (Germany), Weir Group (UK), and Grundfos (Denmark).  

The major strategies adopted by the players include contracts & agreements, new product developments, investments & expansions, mergers & acquisitions, and partnerships. Contracts & Agreements was the most commonly adopted strategy from January 2015 to August 2018. The industry players also adopted new product developments and investments & expansions, which were the second and third most widely followed strategies during the same period.

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Sulzer is a global industry player that delivers reliable and sustainable solutions. It offers pumping solutions, services for rotating equipment, and separation, mixing, and application technology. The company provides its products and services to industries such as the oil & gas, power, and water. Sulzer operates through 4 business segments, namely, pumps equipment, rotating equipment services, Chemtech, and applicator systems. It offers oil & gas pumps through its pumps equipment segment, which accounted for 36.7% of the total net sales in 2017. The pumps equipment segment focuses on production, transport, crude oil & gas processing, supply, treatment, transport of water as well as wastewater collection, fossil-fired, nuclear, and renewable power generation. Sulzer operates worldwide through its strong network with over 180 production and service locations in more than 40 countries. In January 2018, Sulzer partnered with Al Majal Technical Services (AMTS) as its authorized repair partner in Iraq. The partnership aimed to strengthen each other’s capability to execute the overhaul, site service, repair and maintenance of pumps, turbines, and compression equipment as well as their  associated ancillaries.

KSB is one of the leading manufacturers of pumps and industrial valves. These are used in a large variety of applications such as building services, industry, water transport, wastewater treatment, and power plant processes. It operates through 3 business segments, namely, pumps, valves, and service. The pump business segment consists of single- and multistage pumps and associated control and drive systems. These pumps are used across various applications such as manufacturing, chemical/petrochemical, transport, energy supply, water transport and wastewater treatment, construction/building services, and the hydraulic transport of solids in mining. KSB has a strong global presence in more than 100 countries and operates through 170 service centers. In March 2017, KSB established an independent operation in Zambia. The expansion aimed to ensure that its rapidly expanding customer base has access to the company’s sales and support services.  

Related Reports:

Oil & Gas Pumps Market by Type (Centrifugal, Positive Displacement (Screw Pumps, Reciprocating Pumps, Rotary & Gear Pumps, Progressive Cavity Pumps), Cryogenic), Application (Upstream, Midstream, Downstream), Region - Global Forecast to 2023

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Report Code
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