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Oil and Gas Pumps Market to Reach US$ 10.36 Billion by 2023 | Flowserve, Sulzer , KSB , Weir Group, Grundfos and Others.

04-29-2019 10:47 AM CET | Energy & Environment

Press release from: ReportsandReports

Oil and Gas Pumps Market to Reach US$ 10.36 Billion by 2023 |

ReportsnReports always aims at offering their clients an in-depth analysis and the best research material of the various market. This new report on the global Oil & Gas Pumps Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts team. Oil & Gas Pumps Market spread across 142 Pages, Profiling 12 Companies and Supported with 85 Tables and 36 Figures is now available in this research report.

Download Here Free Sample Research Report Oil & Gas Pumps Market at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1669661 .

The Global Pumps Market in Oil & Gas Pumps industry is projected to reach US$ 10.36 Billion by 2023 from an estimated US$ 8.47 Billion in 2018, at a CAGR of 4.12%. This growth can be attributed to the increasing unconventional resources in the North American, South American, and Asia Pacific regions and development of gas terminals.

“The Midstream application segment is expected to be the fastest growing market from 2018 to 2023.”
The Midstream segment is estimated to be the fastest growing during the forecast period. North America is estimated to hold the largest market in the midstream segment, followed by Asia Pacific. Growth of unconventional resources in these regions is creating the need for an expanded midstream network of pipelines, rail, tankers, and terminals, thus, driving the pumps market in oil & gas industry during the forecast period.

“Middle East & Africa: The fastest growing market for oil & gas pumps”
The Middle East & Africa region is expected to be the third largest pumps market by 2023 and is projected to grow at the highest CAGR during the forecast period. The pumps market in the oil & gas industry in this region is mainly driven by the investments in the oil & gas sectors. The government of Saudi Arabia is taking initiatives to control the oil & gas sector of the country by identifying new oil fields, expanding existing fields, and enhancing production. According to Reuters, Kuwait is expected to witness an investment worth USD 1.1 billion by the Kuwait Foreign Petroleum Corporation in the oil & gas sector to boost its production.

Breakdown of primary participants’ profile:
• By Company Type: Tier 1 –60%, Tier 2 –27%, and Tier 3 – 13%
• By Designation: C-Level –35%, Director Level –25%, and Others –40%
• By Region: Asia Pacific –30%, North America –27%, Middle East & Africa – 25%, and Europe – 10%, and South America –8%

Report Highlights:
• To forecast the growth of the pumps market in oil & gas industry with respect to the 5 regions (Asia Pacific, Europe, North America, South America, and Middle East & Africa)

• To provide detailed information on the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)

• To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders

• To track and analyze developments such as contracts & agreements, investments & expansions, new product developments, and mergers & acquisitions in the pumps market in oil & gas industry

• To profile and rank key players and comprehensively analyze their market shares

Target Audience for Oil & Gas Pumps Market: Investment banks, Government and research organizations, Pump manufacturers, Raw material suppliers, Exploration and production companies, Rig manufacturers and suppliers, National and international drilling associations.

Most Popular Companies in the Oil & Gas Pumps Market include are Flowserve (US), Sulzer (Switzerland), KSB (Germany), Weir Group (UK), Grundfos (Denmark).

Competitive Landscape of Oil & Gas Pumps Market:
1 Overview
2 Ranking of Players and Industry Concentration, 2017
3 Competitive Scenario
3.1 Contracts & Agreements, 2015–2018
3.2 New Product Developments, 2015–2018
3.3 Investments & Expansions, 2015–2018
3.4 Mergers & Acquisitions, 2015–2018
3.5 Partnerships, 2015–2018

Get Discount at https://www.reportsnreports.com/contacts/discount.aspx?name=1669661 .

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