Internet of Things (IoT) in oil and gas refineries is an emerging trend in the oil and gas pumps market. IoT is used to monitor pipe thickness, flow rate, pipe pressure, and more. IoT enables to have connected machines in the oil and gas industry so that

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Oil And Gas Pumps Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, we've seen significant growth in the market size for oil and gas pumps. The market, projected to increase from $13.35 billion in 2024 to $14.05 billion in 2025, has a compound annual growth rate (CAGR) of 5.3%. This notable development during the historic period can be linked to rising global demand for oil and gas products, burgeoning upstream exploration and production activities, as well as the expansion of refining and petrochemical industries. It's further driven by the need for improved system efficiency and reliability in pumping mechanisms, along with a focus on offshore oil and gas exploration.

Oil And Gas Pumps Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are high for robust growth in the oil and gas pumps market in the coming years. By 2029, it is predicted to expand to a market size of $19.33 billion, reflecting an 8.3% compound annual growth rate (CAGR). Factors contributing to this growth during the forecast period include the incorporation of IoT and automation into pumping systems, the demand for 'green' low-emission pumping solutions, cutting-edge developments in high-pressure and high-temperature pumping technology, the growth of natural gas processing and LNG facilities, and the focus on pumping solutions for carbon capture and storage (ccs). Looking ahead, the key trends for the forecast period encompass 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, as well as pumping solutions for enhanced oil recovery (eor).

View the full report here:
https://www.thebusinessresearchcompany.com/report/oil-and-gas-pumps-global-market-report

What Are the Drivers Transforming the Oil And Gas Pumps Market?
The expansion of oil and gas pipeline infrastructure has been a boost for the oil and gas pumps market. These pipelines serve the purpose of transporting crude oil or natural gas liquids. To maneuver the oil or gas safely through the pipeline, pumps or compressors are employed. With regards to a report by the India Brand Equity Foundation, the Indian government has plans to invest $9.9 billion to extend the gas pipeline network throughout the nation. Invest India informs that approximately 12,672 km of gas pipelines are currently under progress. As such, the continued expansion of oil and gas pipeline infrastructure is predicted to propel the oil and gas pumps market during the forecast period.

Get your free sample here:
#Claim Your Free Sample Report:#

What Long-Term Trends Will Define the Future of the Oil And Gas Pumps Market?
The application of the Internet of Things (IoT) in oil and gas refineries is a rising trend in the oil and gas pumps market. IoT is instrumental in tracking metrics such as pipe thickness, flow rate, and pipe pressure, among others. It facilitates machine connectivity in the oil and gas sector, allowing companies to foresee equipment breakdowns and diminish overall downtime. To illustrate, a singular pump failure could result in hundreds of thousands of dollars lost in productivity; thus, if pump conditions are monitored real-time, replacements can be prepared ahead of time for those identified to be prone to failure. Consequently, the part IoT plays in the oil and gas pumps market is of great significance.

Which Segments in the Oil And Gas Pumps Market Offer the Most Profit Potential?
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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=4024&type=smp

Which Firms Dominate the Oil And Gas Pumps Market by Market Share and Revenue in 2025?
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

Which Regions Offer the Highest Growth Potential 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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=4024

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info

The Business Research Company - www.thebusinessresearchcompany.com

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company

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.