Latest Oil and Gas Pumps Market by Type: Submersible, Non-submersible | Application: Upstream, Midstream, Downstream

The oil & gas pumps market is projected to reach USD 9.0 billion by 2025 from an estimated USD 6.6 billion in 2020, at a CAGR of 6.4% during the forecast period. 

ReportsnReports added Oil and Gas Pumps Market Research Report created by Report Consultant, which offers detailed insights, revenue details, and other information regarding the global market, and the various trends, drivers, restraints, opportunities, and market till 2028. Oil and Gas Pumps Market Report offers detailed information regarding the leading key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions and mergers, and market footprint. Oil and Gas Pumps Market also provides a comparative analysis of the market dynamics pre and post Covid19 outbreak.

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Top Company Profile Analysis in this Report- Flow serve (US), Sulzer (Switzerland), Weir Group (UK), KSB (Germany), and Xylem(US).

The report defines, describes, and forecasts the oil & gas pumps market, by type,pump type, application,and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market, which include the analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the oil & gas pumps market.

Continuous shale development activities and the development of gas terminals are the key factors driving the growth of the oil & gas pumps market. Likewise, the development of pipeline infrastructure in Asia Pacific and the Middle East and the discovery of new reservoirs in the African region are expected to offer lucrative opportunities for the oil & gas pumps market during the forecast period.  However, the growing usage of renewable energy and managing lead time of product are expected to hinder the growth of the market.

Submersible pumps, as the name implies, can be submersed within a tank, well, or other containers. These pumps are designed to be suitable for immersion. Submersible pumps find applications in oil production and in supplying water for agriculture and industry. The type most widely used in the Soviet Union is the submersible centrifugal pump with electric drive for oil production and vertical pumping of water. In other countries, submersible pumps of the piston type with hydraulic drive are also used. The increasing offshore oil & gas activities are expected to boost the demand for submersible pumps in the oil & gas industry

Centrifugal pumps are used in the upstream segment as part of tri-phase or multi-phase pumping applications. Various types of centrifugal pumps are used in a wide variety of applications, for example, electrical submersible pumps are used as a water and oil separator, in which water can be reinjected into a reservoir without lifting it to the ground surface. Despite the slowdown in the oil & gas sector and the fall in oil prices, the oil & gas industry continues to be one of the largest end users of centrifugal pumps. Also, the oil & gas sector is expected to witness high investments in the coming years. Investments in the oil & gas sector from emerging economies and continuing developments in high crude oil-producing regions such as the Middle East, North America, and Russia are projected to drive the growth of the market for centrifugal pumps globally

The regional market is further segmented into China, Japan, India, South Korea, Australia, and Rest of Asia Pacific. The market in China is expected to grow as it is one of the major importers of oil and its domestic demand surpasses its production. Automation ensures optimum utilization of resources and curbs imports. It also helps in the reduction of labor costs and human interference, which is currently a major concern in Asia Pacific owing to stringent labor laws. The demand for oil products in the Asia Pacific region is rapidly increasing as the region experiences strong economic growth. The region has less than 9.0% of the world’s proven reserves, implying a high rate of redevelopment and rehabilitation of oilfields.

Substantial economic growth and the demand for oil & gas have led to an increase in offshore oil & gas E&P in the region. The increasing activities in deeper and more remote waters in the Philippines and Myanmar are expected to meet the growing energy demand. According to the BP Statistical Review of World Energy 2020, Asia Pacific accounted for 44.1% share of global primary energy consumption

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Key Benefits of Buying the Report-
The report identifies and addresses the key markets for oil & gas pumps application, which would help equipment manufacturers and raw material providers review the growth in demand.
The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.

Table of Contents in this Report-
1 Introduction
1.1 Objectives Of The Study
1.2 Definition
1.2.1 Oil & Gas Pumps Market, By Pump Type: Inclusions Vs. Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.4 Years Considered For Study
1.5 Currency
1.6 Limitation
1.7 Stakeholders
1.8 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Research Design
2.1.1 Market Breakdown & Data Triangulation
Figure 2 Data Triangulation Methodology
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Breakdown Of Primaries
Figure 3 Breakdown Of Primaries: By Company Type, Designation, & Region
Table 1 Oil & Gas Pumps Market: Players/Companies Connected
2.2 Scope
2.2.1 Impact Of Covid-19
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
Figure 4 Market Estimation Methodolgy: Bottom-Up Approach
2.3.2 Top-Down Approach
Figure 5 Market Estimation Methodolgy: Top-Down Approach
2.3.3 Ideal Demand Side Analysis
Figure 6 Oil & Gas Pumps Market: Demand Side Analysis
2.3.3.1 Assumptions For Demand Side Analysis
2.3.3.2 Demand Side Calculation
2.3.4 Supply Side Analysis
2.3.4.1 Supply Side Assumptions
2.3.4.2 Supply Side Calculation
Figure 7 Industry Concentration, 2019
2.3.5 Forecast
2.4 Key Industry Insights

3 Executive Summary
3.1 Scenario Analysis
Figure 8 Scenario Analysis: Oil & Gas Pumps Market, 2016–2025
3.1.1 Optimistic Scenario
3.1.2 Realistic Scenario
3.1.3 Pessimistic Scenario
Table 2 Oil & Gas Pumps Market Snapshot
Figure 9 Non-Submersible Pumps Segment To Dominate Market During Forecast Period
Figure 10 Centrifugal Pumps Segment To Lead Oil & Gas Pumps Market During Forecast Period
Figure 11 Midstream Segment To Lead Oil & Gas Pumps Market During  Forecast Period
Figure 12 North America Dominated Oil & Gas Pumps Market In 2019

4 Premium Insights
4.1 Attractive Opportunities In Oil & Gas Pumps Market
Figure 13 Continous Developments In Shale Reserves And Gas Terminals To Drive Growth Of Oil & Gas Pumps Market
4.2 Oil & Gas Pumps Market, By Type
Figure 14 Non-Submersible Pumps Segment Dominated Oil & Gas Pumps  Market In 2019
4.3 Oil & Gas Pumps Market, By Pump Type
Figure 15 Centrifugal Pumps Segment Dominated Oil & Gas Pumps  Market In 2019
4.4 Oil & Gas Pumps Market, By Application
Figure 16 Midstream Segment Dominated Oil & Gas Pumps Market In 2019
Figure 17 Asia Pacific To Register Highest Cagr During Forecast Period
4.5 North America Oil & Gas Pumps Market, By Application & Country
Figure 18 Midstream Segment And Us Dominate Oil & Gas Pumps Market In North America

and more.

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