Centrifugal Pumps Under Product Type Contributes 36.1% Of Market Share In Global Sales Of Oil Refining Pumps

The global oil refining pumps market is estimated at USD 6.2 Billion in 2022 and is forecast to surpass USD 8.6 Billion by 2032, growing at a CAGR of 3.3% from 2022 to 2032.

The global oil refining pumps market accounts for ~10% of the global industrial pumps market in 2022. The global oil refining pumps market is estimated to have an absolute $ opportunity of USD 2.4 Billion during the assessment period of 2022-2032.

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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.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Oil Refining Pumps market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Oil Refining Pumps

This newly published and insightful report sheds light on Market Insights of Oil Refining Pumps, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Oil Refining Pumps Market.

Key Companies Profiled
• Xylem
• Flowserve Corporation
• KSB SE & Co. KGaA
• Weir Group
• Sulzer Ltd.
• GRUNDFOS
• Gardner Denver
• ITT, Inc.
• March Pump
• TechnipFMC
• SPX Flow, Inc.
• Alfa Laval

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Global Oil Refining Pumps Market by Category
• By Product Type :
o Centrifugal Pumps
• Single Stage
• Multi-Stage
• Axial and Mixed
• Submersible
• Seal less and Circular

o Reciprocating Pumps
• Piston
• Plunger
• Diaphragm

o Rotary Pumps
• Gear
• Vane
• Screw
• Lobe
• Progressive Cavity Pumps
• Piston
• Peristaltic

• By Capacity :
o Small (Up to 500 gpm)
o Medium (500-1,000 gpm)
o High (More than 1,000 gpm)

• By Application :
o Refinery Process Oil Refining Pumps
o Water Circulating Oil Refining Pumps
o Special Purpose Oil Refining Pumps
o Water/Wastewater Oil Refining Pumps

• By Region :
o North America
o Latin America
o Europe
o East Asia
o South Asia
o Oceania
o MEA

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Centrifugal pumps are used widely for multiple application and often preferred for processes that are able to handle low viscosity, and high flow rates. The segment holds 36.1% market share of the oil refining pumps market. The demand is expected to boost by 1.7X owing to their enhanced usage in upstream oil & gas industry in multi-phase or tri-phase pumping applications. Additionally, transporting a large amount of liquid to fulfill the augmenting demand for oil in developing economies is projected to drive the market demand by 23% in coming years.

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This release was published on openPR.