Atlas Copco AB (Sweden), KSB SE & Co. KGaA (Germany) and Nikkiso Co., Ltd. (Japan) are leading players in Oil and Gas Pumps Market
The global oil and gas pumps market is projected to reach USD 10.9 billion by 2028 from an estimated USD 8.7 billion in 2023, at a CAGR of 4.7% during the forecast period. The growth of the oil and gas pumps market is propelled by the substantial demand for oil, continuous shale development activities and development of gas terminals.
Due to their strong supply network, a few global and regional players hold a strong foothold in the oil & gas pumps market. Atlas Copco AB (Sweden); Flowserve Corporation (US); Sulzer Ltd (Switzerland); KSB SE & Co. KGaA (Germany); Nikkiso Co., Ltd. (Japan) are the market leaders in the global oil & gas pumps market. These companies have adopted strategies such as partnerships, contracts, agreements, acquisitions, and expansions to increase their market share.
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Atlas Copco AB offers compressors, vacuum solutions, pumps, generators, power tools, and assembly tools. The company operates through four reporting business segments: Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique. It offers pumps through its Power Technique business segment. Under this segment, the company also offers mobile compressors, light towers and generators, and several other complementary products like construction tools, remanufactured equipment etc. The company also offers rental services through a dedicated global network. The Power Technique business segment caters to multiple industries, including construction, manufacturing, oil & gas, and exploration drilling.
The company has a presence in more than 180 countries, with product development and manufacturing units in Belgium, Spain, the US, China, and India.
KSB SE & Co. KGaA manufactures and distributes pumps, valves, and related systems. The company has a significant presence in the oil and gas pumps market and provides a wide range of solutions for various applications, ranging from building services and water transport to wastewater treatment and power plant processes. It operates through three business segments: Pumps, Valves, and SupremeServ.
The Pumps business segment consists of single-/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 hydraulic transport of solids in mining.
KSB SE & Co. KGaA has a strong global presence in more than 100 countries and operates through 190 service centers to provide local inspection, servicing, maintenance, and repair under the SupremeServ brand.
Nikkiso Co., Ltd. is a Japanese multinational company that operates in various industries, primarily focusing on the development and manufacturing of precision instruments, equipment, and systems. It operates through two business segments: Industrial and Medical segments. It offers pumps through its Industrial Division business segment. Other products offered under this segment include systems for operations in extreme conditions, including high pressure, high temperature, and ultralow temperatures, which can occur during crude oil and natural gas production, LNG transportation, and liquid transportation processes in petrochemical plants.
The company also offers pumps through its subsidiaries such as LEWA GmBH and Cryogenic Industries. The company has a major presence in Japan, the Americas, Asia/Oceania, Europe, and the Middle East.
Related Reports:
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
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