Oil and Gas Pumps Market to Reach US$ 9.8B by 2030 | CAGR 5.7% | North America Leads with 35% Share | Key Players: Schlumberger, Baker Hughes, Weatherford, NOV, Flowserve, Weir Group, Sulzer, Grundfos, KSB, Wilo

Leander, Texas and Tokyo, Japan - Jan.23.2026
Global Oil and Gas Pumps Market reached US$ 6.3 billion in 2022 and is expected to reach US$ 9.8 billion by 2030, growing with a CAGR of 5.7% during the forecast period 2024-2031.

The oil and gas pumps market is expanding steadily as upstream, midstream, and downstream operations increasingly rely on advanced pumping systems to support exploration, production, refining, and transportation activities. Pumps play a critical role in handling crude oil, refined products, water injection, chemicals, and high-pressure fluids across harsh and demanding environments. Innovations in energy-efficient designs, smart pump monitoring, corrosion-resistant materials, and digital condition monitoring are enhancing reliability, reducing downtime, and lowering total cost of ownership. Rising global energy demand, offshore and shale development, and infrastructure upgrades are driving strong growth in the oil and gas pumps market worldwide.

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Oil and Gas Pumps Market: Competitive Intelligence
Schlumberger | Baker Hughes | Weatherford International | NOV (National Oilwell Varco) | Flowserve Corporation | Weir Group | Sulzer Ltd | Grundfos | KSB SE & Co. KGaA | Wilo SE

In the Oil and Gas Pumps Market, Schlumberger, Baker Hughes, Weatherford International, NOV, Flowserve Corporation, Weir Group, Sulzer, Grundfos, KSB, and Wilo collectively reinforce a highly engineered segment focused on reliability, performance, and operational efficiency. These companies design and supply centrifugal, positive displacement, and specialty pumps for drilling, production, water injection, refining, and pipeline operations. Their strong global service networks, advanced materials engineering, and digital monitoring platforms enable operators to optimize uptime and manage complex fluid-handling challenges. Together, they strengthen the oil and gas pumps ecosystem by delivering mission-critical pumping solutions across onshore, offshore, and deepwater environments.

Individually and in combination, these organizations create competitive advantage by combining mechanical engineering excellence with digitalization and field service expertise. Schlumberger, Baker Hughes, and Weatherford integrate pumps with broader oilfield services and production systems to improve asset performance. NOV supports large-scale drilling and production infrastructure with high-capacity pump solutions. Flowserve, Weir Group, and Sulzer lead in heavy-duty centrifugal and slurry pump technologies for refining and midstream applications. Grundfos, KSB, and Wilo contribute energy-efficient and process-optimized pump systems for auxiliary, water handling, and utility applications. Together, these companies drive innovation, operational resilience, and long-term efficiency in the global oil and gas pumps market.

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United States: Recent Industry Developments
✅ In January 2026, U.S. shale operators expanded deployment of smart pumps with IoT-based condition monitoring to reduce unplanned downtime and optimize production efficiency.

✅ In November 2025, major U.S. refineries upgraded centrifugal and multistage pump systems to improve energy efficiency and comply with stricter emissions and operational standards.

✅ In August 2025, offshore operators in the Gulf of Mexico adopted high-pressure injection pumps to enhance enhanced oil recovery (EOR) and reservoir pressure maintenance.

✅ In June 2025, U.S. midstream companies invested in advanced pipeline pump stations with predictive maintenance systems to improve throughput and reduce maintenance costs.

Japan: Recent Industry Developments
✅ In January 2026, Japanese engineering firms deployed high-efficiency industrial pump systems for LNG terminals and refining facilities to improve energy performance and operational reliability.

✅ In October 2025, Japan-based refiners adopted corrosion-resistant pump technologies to support long-term operation in high-temperature and high-sulfur processing environments.

✅ In July 2025, Japanese EPC contractors integrated smart pump monitoring platforms for offshore and coastal energy infrastructure projects.

✅ In April 2025, Japan increased investment in advanced pump systems for hydrogen and alternative fuel processing, supporting energy transition initiatives.

Segment Covered in the Oil and Gas Pumps Market
By Type
The market is segmented into centrifugal pumps and positive displacement pumps. Centrifugal pumps dominate due to their widespread use in refining, pipeline transport, and water handling. Positive displacement pumps are critical for high-pressure, low-flow, and viscous fluid applications such as chemical injection and well servicing.

By Pump
Pump categories include single-stage pumps, multistage pumps, submersible pumps, diaphragm pumps, gear pumps, and piston pumps. Multistage and submersible pumps dominate due to their use in high-pressure production and artificial lift systems. Diaphragm and gear pumps are widely used for chemical dosing and specialty applications.

By Application
Applications include upstream, midstream, and downstream. Upstream dominates due to extensive use of pumps in drilling, production, artificial lift, and water injection. Midstream uses pumps for pipeline transport and storage operations. Downstream relies on pumps for refining, petrochemical processing, and product transfer.

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Regional Analysis
North America - 35% Share
North America leads with approximately 35% share driven by strong shale production in the U.S. and Canada, extensive pipeline infrastructure, and high investment in digital oilfield technologies. Upstream and midstream applications dominate demand.

Europe - 25% Share
Europe holds around 25% share supported by offshore operations in the North Sea, strong refining capacity, and upgrades to aging energy infrastructure. Energy efficiency and compliance requirements drive adoption of advanced pump systems.

Asia Pacific - 25% Share
Asia Pacific accounts for approximately 25% share due to rising energy demand, refinery expansions, and offshore developments in China, India, Southeast Asia, and Australia. LNG and downstream processing support strong pump demand.

Latin America - 10% Share
Latin America records about 10% share driven by offshore developments in Brazil and increasing upstream activity in Mexico and Argentina. Deepwater and pipeline projects support market growth.

Middle East & Africa - 5% Share
Middle East & Africa hold approximately 5% share supported by large-scale upstream production, refinery expansions, and enhanced oil recovery projects in Saudi Arabia, UAE, and Africa. High-capacity and high-reliability pump systems dominate demand.

Market Dynamics:

Innovative Advances Shape Oil and Gas Pump Industry :
The oil and gas pump industry is expected to be driven by new advancements and innovations in pump technology, shaping the way fluids are handled throughout upstream and downstream operations. Pumps reduce maintenance and service costs while maintaining continuous high-pressure operation, making them indispensable in applications like gas drying, water and chemical injection, and well stimulation.

Nidec Tosok Corporation has developed a second-generation electric oil pump (EOP) that is 50% less in volume and weight than its predecessor, making it the lightest-in-class product in the world. The EOP is used to supply lubricant oil to CVT, A/T, and other transmission components when the car's engine is stopped, due to the rise in the use of no-idling gasoline and other vehicles. Nidec Tosok is utilizing the know-how from the production of the first generation of the pumps to successfully debut an EOP that is far more cost-competitive than those of others and is receiving inquiries from China, Europe, and U.S.

Growing Global Oil & Gas Industry :
The growing oil and gas industry worldwide increases the demand for oil & gas pumps, with the projected growth in energy service demand driven by population growth and economic expansion. As the sector navigates the complexities of energy transitions and the efforts to align with the goals of the Paris Agreement, oil and gas companies find themselves at an important point, which can further increase the oil and gas industry equipment demand such as pumps.

Furthermore, the global transition towards renewable energy sources is rapidly gaining momentum which is supported by the implementation of new policies and initiatives by governments worldwide. According to projections from the International Energy Agency, the capacity of renewable energy is expected to increase by an impressive 75% between 2022 and 2027. As this shift unfolds, investments in natural gas and liquified natural gas projects are poised to continue growing which can subsequently impact the market for oil and gas pumps.

Challenges and Environmental Impact of Inefficient Oil & Gas Pumps :
The oil and gas pump industry is seeing a downfall due to the inefficiency it the technology which causes certain environmental concerns. A staggering 90% of pumps worldwide operate at low efficiencies, leading to massive energy wastage and emissions of carbon dioxide. Inefficient pumps, particularly those running below their optimal efficiency point, consume more energy and emit more carbon dioxide to achieve the same output, contributing to climate change.

The energy-intensive nature of pumping systems in mining results in substantial carbon emissions. For instance, a single large reclaim water pumping system emits a significant amount of carbon annually, comparable to the emissions from thousands of cars. Despite this, the mining sector has been slow to adopt measures to improve energy efficiency and reduce its carbon footprint in pumping operations.

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