openPR Logo
Press release

Oil Refining Pumps Market |

04-29-2019 12:51 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

/ PR Agency: Fact.MR
Oil Refining Pumps Market

Oil Refining Pumps Market

The global demand for oil refining pumps is expected to surpass 3 million tons by 2018 end, according to a latest Fact.MR report on oil refining pumps market. Rising oil and gas production, and increase in petroleum-based power generation are driving oil refining pumps demand. The oil supply has sharply increased from Russia, Middle East, and the US, compensating for fall in oil production in Iran and Venezuela.

The demand for centrifugal pumps is constantly rising in upstream oil and gas industry in multiphase or tri-phase pumping application. With the increasing demand for oil, especially in developing regions, transporting a large amount of liquid has become necessary to ensure operational efficiency. This is driving the demand for centrifugal pumps to transport a significant amount of liquid in a short period.

Request Sample Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=2434 

APAC to Continue Strong Position in Oil Refining Pumps Market

The Fact.MR study projects that APAC continues to register significant growth in the oil refining pumps market and is likely to account for over 40% of total demand by 2018 end. The positive outlook in the region can be attributed to the growing demand for diesel and gasoline in emerging nations like India and China.

The upgradation of existing oil refineries and robust investment in the construction of new oil refineries is fueling the growth in the oil refining pumps market in the region. Rising oil demand and faced with strict emission regulations, India is also moving towards development of new and modern refineries.

According to the International Energy Agency (IEA’s) latest World Outlook Projection, India’s refining capacity is likely to grow by two-thirds in the next 25 years. This is expected to make India world’s third largest refining center by 2040, following the US and China.

Browse Full Report @ https://www.factmr.com/report/2434/oil-refining-pumps-market 

Major oil companies in Southeast Asia are also investing in increasing their refining capacity. Malaysia, Indonesia, Vietnam, and Thailand are likely to see growth in new refining capacity in the coming years. The development of new and advanced oil refineries in APAC is expected to create growth opportunities for oil refining pumps manufacturers.

Energy Transition Emerging as Serious Challenge for Oil Companies and Oil Exporting Countries

Global oil companies and oil exporting countries are likely to face a challenge with the rise in energy transition. The biggest challenge for oil companies make changes in their business model and integrating low-carbon assets in their portfolios. With the growing trend of renewable energy sources, oil exporting countries with good reserves-to-production ration are facing the risk of loss in export revenues and monetizing their large reserve base.

Penetration of renewables has increased in Europe to meet the energy demand, resulting in reduced oil demand. Moreover, regulation by national governments and European Union is likely to further reduce refined oil demand in the region. Oil refineries in Europe are unable to find buyers, resulting in constant drop in profit margins. Inability to find buyers and drop in profit margins is forcing oil refinery operators to shut down the plants.

You can Buy This Report from Here @ https://www.factmr.com/checkout/2434/S 

More refinery plants shutdown expected in the coming years in Europe is likely to impact the oil refining pumps market in the region. Moreover, key oil companies across various regions are also planning to invest more in low-carbon energy sources with aim to reduce carbon footprints.

The Fact.MR report tracks the oil refining pumps market for the period 2018-2028. According to the report, the oil refining pumps market is expected to reach 2.9% CAGR during 2018-2028.

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: www.factmr.com/

Read Industrial News : https://theswisstimes.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Oil Refining Pumps Market | here

News-ID: 1721938 • Views: 136

More Releases from Fact.MR

Vehicle Trip Computers Market – Future Growth Strategies by 2029 | Linear Logi …
Vehicle Trip Computers Market Introduction Vehicle trip computers refer to a trip monitoring device installed in vehicles that helps the driver gauge efficiency of the vehicle and also help in the planning of refueling stops. Vehicle trip computers can measure the speed of the vehicle, the distance covered in that speed, and fuel consumed besides the amount of fuel left in the vehicle fuel tank. Furthermore, the offerings in vehicle trip
Pyrimidine Market – Future Need Assessment 2029 | Cayman Chemical,Synerzine, I …
Pyrimidine Market Introduction Pyrimidine is an organic compound with aromatic and heterocyclic chemical structure similar to the pyridine compound. Naturally, Pyrimidine is an essential component of nucleic acids (DNA) and comprises of three different types of pyrimidines. These are Uracil, Thymine and Cytosine. Pyrimidine can also be produced synthetically and the prominent consumption of pyrimidine is in the pharmaceutical industry where it used for the production of various drugs such as
Memory Foam Market – Global Competition Outlook by 2029 | Foam Factory, Inc.,I …
Memory Foam Market Introduction Memory foam is also referred to as low-resilience or viscoelastic polyurethane foam. Memory foam is majorly composed of polyurethane and other additives that increase the viscosity and density of the final product. Memory foam is characterized by its ability to recover to its initial shape and size after the removal of pressure and hence the nomenclature derived from this property. The property of elasticity of memory foam
Bio-Based Coolants Market - Industry Current Trends, Opportunities & Challenges …
Bio-Based Coolants Market Introduction Bio-based coolants are produced from the sustainable and renewable substitutes of raw material for the conventional chemical based coolants. Bio-based coolants are identified as a promising alternative to the conventional chemical based coolants as they have reduced carbon content, are more environment friendly and biodegradable. The intensity of participation in the global bio-based coolants market is expected to increase as it offers a promising growth in coming

All 5 Releases


More Releases for Oil

Oil Sands - Thematic Research
Oil Sands - Thematic Research Summary Oil sands, an unconventional hydrocarbon resource, holds vast growth potential for crude oil production amid declining output from maturing conventional fields and slowing pace of new discoveries. The oil sands deposits in Alberta, which are among the world's largest hydrocarbon reserves, are playing an influential role in driving the oil and gas industry in Canada. Despite facing severe backlash from environmentalists around the world, there has
Gingelly oil Market
https://www.qandqmarketresearch.com/reports/7431261/gingelly-oil-market-48 The global Gingelly oil market is valued at million US$ in 2018 is expected to reach million US$ by the end of 2025, growing at a CAGR of during 20192025. This report focuses on Gingelly oil volume and value at global level, regional level and company level. From a global perspective, this report represents overall Gingelly oil market size by analyzing historical data and future prospect. Regionally, this report focuses on
Oil & Gas Explosion Lawyer
Concerns about gas and oil explosions and worker safety have been at the forefront of Oklahoma state officials’ minds as they continue to investigate a recent Pittsburg County explosion that left five workers dead and 17 with minor injuries. The explosion has shaken a state that is heavily invested in the fuel industry and has been said to be the worst incident of its kind since the Deepwater Horizon tragedy. Oklahoma
Cottonseed Oil Market
Global cottonseed oil market is expected to grow at a steady rate as the product is used in processing of many food & beverage products. It has neutral flavour and is said to enhance the natural taste of food products in which they are used. Thus, they are used extensively for frying and baking purposes. Margarines, whipped toppings, icings, salads, potato chips & french fries, cereals, baked goods, stir-fried and
Automotive Gear Oil Market
Automobile gears (or cogs) are rotating machine part having cut teeth, or cogs which mesh with another toothed part in order to transmit torque. The arrangement of two or more gears forms automotive transmission system. Automotive gear oil can be petroleum or synthetic based, used especially for lubricating automotive gears for all class of vehicles. It provide high transmission efficiency, reduce engine heating, provides proper clutch friction, insure better oxidation
Global Base Oil Market 2016: by Application - Automotive Oil, Industrial Oil, Me …
Base oil is the name given to lubrication grade oils initially produced from refining crude oil (mineral base oil) or through chemical synthesis (synthetic base oil). Base oil have a high boiling point ranging between 550F to 1050F. Base oil can be either paraffinic or naphthenic in nature depending on the chemical structure of the molecules. Go For Sample Report @ http://bit.ly/2bSaaNb Increasing usage of automotive oil for various lubricating applications in