Press release
Global Oil Refining Pumps Market To Record Significant Growth In Revenue During Forecast Period : Fact.MR
The global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.The report offers actionable and valuable market insights of Oil Refining Pumps. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Oil Refining Pumps Market across various industries and regions.
The top 6 players in the oil refining pumps market account for nearly 45% share. With diverse product portfolio, leading players in oil refining pumps market are planning to consolidate their position globally.
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Global Oil Refining Pumps Market by Category
By Product Type :
Centrifugal Pumps
Single Stage
Multi-Stage
Axial and Mixed
Submersible
Seal less and Circular
Reciprocating Pumps
Piston
Plunger
Diaphragm
Rotary Pumps
Gear
Vane
Screw
Lobe
Progressive Cavity Pumps
Piston
Peristaltic
By Capacity :
Small (Up to 500 gpm)
Medium (500-1,000 gpm)
High (More than 1,000 gpm)
By Application :
Refinery Process Oil Refining Pumps
Water Circulating Oil Refining Pumps
Special Purpose Oil Refining Pumps
Water/Wastewater Oil Refining Pumps
By Region :
North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA
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Key developments in oil refining pumps market by major players
Xylem recently signed a MoU with Ethiopia's Ministry of water, irrigation, and energy to improve water-security standards by providing additional sewage coverage and water-system optimization services.
Grundfos is planning to open its third pump production unit in India by 2020. Meanwhile, the company has already opened a new facility in Florida to serve water and wastewater industry.
KSB has added new submersible borehole pumps to its product portfolio. The newly launched pumps are capable of handling flow rate of up to 5000 m³ per hour.
Alfa Laval has won two orders to supply pumping systems for oil platforms in North Sea. The combined value of the orders is approximately SEK 175 million. The order includes offshore pumping system for injection of seawater in production wells and for firewater.
Gardner Denver Holdings Inc. has acquired DV systems. The acquisition will support the company to expand in Canadian market and leverage the company's operational, commercial and R&D capabilities
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Competitive Landscape: Top Companies in Oil Refining Pumps Market
The global oil refining pumps market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced oil refining pumps.
Fact.MR has provided detailed information about price points of top manufacturers of oil refining pumps market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
For instance:
Weir Group won a 3-year contract in 2020, from a national oil company in the UAE to repair and service motor and pumps.
Alfa Laval in 2020, won a supply contract to supply Framo pumping systems for two Floating Production Storage and Offloading (FPSO) vessels which comprises marine pumping systems for seawater and firewater lift service, operating outside the coast of Brazil
Source - https://www.factmr.com/report/2434/oil-refining-pumps-market
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