Press release
Oil And Gas Pipeline Expansion Driving Growth In The Oil And Gas Pumps Market: A Significant Driver Propelling The Oil And Gas Pumps Market In 2025
Oil And Gas Pumps
What Is the Oil And Gas Pumps Market Size and Projected Growth Rate?
In recent years, the market size of oil and gas pumps has experienced robust growth. The value is expected to rise from $13.35 billion in 2024 to $14.27 billion in 2025, depicting a compound annual growth rate (CAGR) of 6.9%. This significant market expansion during the historical phase is credited to the surge in global demand for oil and gas products, increased activities in upstream exploration and production, enlargement of refining and petrochemical sectors, the necessity for upgraded efficiency and reliability in pump systems, and concentration on offshore oil and gas development.
Expectations are high for significant expansion in the oil and gas pumps market over the next few years, with projections estimating the market size to reach $19.97 billion in 2029, propelled by a compound annual growth rate (CAGR) of 8.8%. Several factors contributing to this anticipated growth within the forecast period can be counted as the incorporation of IoT and automation in pump systems, rising demand for low-emission and eco-friendly pumping solutions, and emphasis on high-pressure and high-temperature pumping through research and development. Other factors include the burgeoning expansion of natural gas processing and liquefied natural gas (LNG) facilities, as well as the focus on pumping solutions for carbon capture and storage (CCS). The market will also witness major trends in the forecast period, including digital twin and predictive maintenance, high-pressure and high-temperature pumps, subsea pumping solutions, progressing cavity pumps for heavy crude oil, hydraulic fracturing pumping equipment, and pumping solutions optimized for enhanced oil recovery (EOR).
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=4024
What Are the Major Segments in the Oil And Gas Pumps Market?
The oil and gas pumps market covered in this report is segmented -
1) By Type: Centrifugal, Positive Displacement, Cryogenic
2) By Capacity: Small (up to 500 gpm), Medium (500-1000 gpm), High (more than 1000 gpm)
3) By Application: Upstream, Midstream, Downstream
Subsegments:
1) By Centrifugal: Single-Stage Centrifugal Pumps, Multi-Stage Centrifugal Pumps, Axial Flow Pumps, Radial Flow Pumps, Submersible Pumps
2) By Positive Displacement: Reciprocating Pumps, Rotary Pumps, Gear Pumps, Diaphragm Pumps, Piston Pumps
3) By Cryogenic: Cryogenic Centrifugal Pumps, Cryogenic Positive Displacement Pumps, Vaporizer Pumps, Cryogenic Submersible Pumps
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=4024&type=smp
What Are The Driving Oil And Gas Pumps Market Evolution?
The escalation in the oil and gas pumps market is credited to the expansion of infrastructure related to oil and gas pipelines. These pipelines serve as a conduit for transporting crude oil or natural gas fluids, and they utilize pumps or compressors to facilitate the safe velocity of oil or gas through the pipeline. The India Brand Equity Foundation states that India's government is strategizing a $9.9 billion investment to amplify the gas pipeline network throughout the nation. Invest India reveals that an estimated 12,672 km of gas pipelines are currently under construction. Consequently, the burgeoning oil and gas pipeline infrastructure is projected to propel the oil and gas pumps market in the upcoming time frame.
Which Firms Dominate The Oil And Gas Pumps Market Segments?
Major companies operating in the oil and gas pumps market include KSB SE & Co. KGaA, Flowserve Corporation, Sulzer Ltd., Xylem Inc., Alfa Laval AB, Sigmund Pulsometer Pumps, ITT Inc., Kirloskar Brother Ltd., Hydromashservice, Nikkiso Co Ltd., Trillium Flow Technologies, EBARA Corporation, Gemmecotti Srl, PCM SA, Ruhrpumpen Global, EDUR-Pumpenfabrik Eduard Redlien GmbH & Co. KG, Wastecorp pumps Inc., NETZSCH Pumps & Systems, Framo AS, Svenska Kullagerfabriken, National Pump & Energy, Enpro Subsea Ltd., Weir Group Plc, Grundfos Pumps Pty Ltd., Baker Hughes a GE company LLC, Halliburton Company, Schlumberger NV, Weatherford International plc, Dover Corporation
What Trends Are Expected to Dominate the Oil And Gas Pumps Market in the Next 5 Years?
The incorporation of Internet of Things (IoT) in oil and gas refineries is a noteworthy trend in the oil and gas pumps market. By employing IoT, factors like pipe thickness, flow rate and pipe pressure can be constantly monitored. The feasibility of connecting machines boasts advantageous for oil and gas corporations since they can anticipate equipment malfunction and accordingly minimize downtime. To illustrate, if there's a malfunction in a single pump, this could result in lost productivity costing hundreds of thousands of dollars. However, with real-time updates on the pumps' condition, replacements can be arranged promptly for those determined to be prone to failure. As a result, the significant influence of IoT within the oil and gas pumps market is evident.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/oil-and-gas-pumps-global-market-report
Which Is The Largest Region In The Oil And Gas Pumps Market?
Asia-Pacific was the largest region in the oil and gas pumps market in 2024. This region is also expected to be the fastest growing region in the forecast period. The regions covered in the oil and gas pumps market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Oil And Gas Pumps Market?
2. What is the CAGR expected in the Oil And Gas Pumps Market?
3. What Are the Key Innovations Transforming the Oil And Gas Pumps Industry?
4. Which Region Is Leading the Oil And Gas Pumps Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 And Gas Pipeline Expansion Driving Growth In The Oil And Gas Pumps Market: A Significant Driver Propelling The Oil And Gas Pumps Market In 2025 here
News-ID: 3961899 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Pump
Asphalt Pumps Market Key Players: Johnson Pump, Viking Pump, Rotan Pump, Shanggu …
The Asphalt Pumps Market Research Reports 2021 – 2027 is an Analysis and In-depth study of the Asphalt Pumps Market Industry, with the target of global market trend. The report mainly focuses on the market size, market structure, market share, growth cost structure, and forecast for 2027. The Research Report is an analysis of quantitative of the Asphalt Pumps market and gives information for making strategies…
Automotive Pump Market Forecast to 2028 - Covid-19 Impact and Global Analysis - …
MARKET INTRODUCTION
Automotive pumps are utilized for transferring automotive fluids in the vehicles. These pumps are mainly used for improving vehicle performance and fuel efficiency. The increase in demand for environment-friendly solutions has pushed several manufacturers to design and develop advanced pumps. The pumps are used in various vehicle systems such as coolant, steering, fuel, transmission, and lubrication.
Download Sample Report in PDF Version @ www.theinsightpartners.com/sample/TIPRE00006033/?utm_source=openpr&utm_medium=10387
This report sample includes:
A brief introduction to…
Solar Pump Market Current & Future Growth Forecast To 2027 | CRI Pump, LORENTZ, …
Asia-pacific contributed to the highest share, accounting for more than half of the global solar pump market in 2019, and will maintain its dominance throughout the forecast period. This is attributed to increase in government initiatives in region such as India, drive the market growth in this region. However, Europe is expected to grow at the highest CAGR of 8.5% from 2020 to 2027. This is owing to means of…
Agricultural Pump Market Advancement Outlook 2020-2026: Sulzer, Dayuan Pump, Wil …
The Latest report about the Agricultural Pump market provides a detailed evaluation of the business vertical in question, alongside a brief overview of the industry segments. An exceptionally workable estimation of the present industry scenario has been delivered in the study, and the Agricultural Pump market size with regards to the revenue and volume have also been mentioned. In general, the research report is a compilation of key data with…
Agricultural Water Pump Market Growth Opportunities 2020: Lingxiao Pump, East Pu …
The newly issued research report provides comprehensive and an in-depth assessment of the "Global Agricultural Water Pump Market Forecast 2020-2026", which will also offer relevant data for the new industry entrants as well as well-established Agricultural Water Pump market players. According to the study, the worldwide Agricultural Water Pump market report unfolds the current and historical Agricultural Water Pump industry scenarios, Agricultural Water Pump market development patterns and is expected…
Global Agricultural Vortex Pump Market Key Players Grundfos,Franklin Electric,Sh …
According to this study, over the next five years the Agricultural Vortex Pump market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Agricultural Vortex Pump business.
Sample Request@ https://www.researchreportsinc.com/sample-request?id=247404
This report presents a comprehensive overview, market shares, and…
