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Global Oil & Gas Pumps Market Overview - Forecast to 2025

The oil & gas pumps market size will grow to USD 9.0 billion by 2025 (forecast year) from USD 6.6 billion in 2020 (estimated year), at a CAGR of 6.4% during the forecast period. Continuous shale development activities and the development of gas terminals are the key factors driving the growth of the oil & gas pumps market. Likewise, the development of pipeline infrastructure in Asia Pacific and the Middle East and the discovery of new reservoirs in the African region are expected to offer lucrative opportunities for the oil & gas pumps market during the forecast period.<br>

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Global Oil & Gas Pumps Market Overview - Forecast to 2025

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  1. Oil & Gas Pumps Market by Type (Submersible, Non-submersible) Pump Type (Centrifugal, Positive Displacement (Screw, Reciprocating, Rotary and Gear, Progressive Cavity), Cryogenic), Application (Upstream, Midstream, Downstream), Region - Global Forecast to 2025 www.MarketsandMarkets.com

  2. The oil & gas pumps market size will grow to USD 9.0 billion by 2025 (forecast year) from USD 6.6 billion in 2020 (estimated year), at a CAGR of 6.4% during the forecast period. Continuous shale development activities and the development of gas terminals are the key factors driving the growth of the oil & gas pumps market. Likewise, the development of pipeline infrastructure in Asia Pacific and the Middle East and the discovery of new reservoirs in the African region are expected to offer lucrative opportunities for the oil & gas pumps market during the forecast period. View detailed Table of Content here -https://www.marketsandmarkets.com/Market-Reports/oil-gas-pump-market-72491540.html

  3. The centrifugal segment is expected to dominate the oil & gas pumps market, by pump type, during the forecast period. The centrifugal pump segment is estimated to dominate the pumps market in oil & gas industry in 2018 and is projected to have the largest market share during the forecast period. Centrifugal pumps are preferred for processes that handle low viscosity liquids and high flow rates. Various types of centrifugal pumps are used in a wide variety of applications. The ability of these pumps to be used across various applications has resulted in their higher market share. Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=72491540

  4. The midstream segment is expected to be the fastest-growing oil & gas pumps market, by application, during the forecast period. The midstream segment is estimated to dominate the pumps market in oil & gas industry in 2018 and is projected to have the largest market share during the forecast period. The midstream oil activities mainly include transportation of crude oil and refined products over land, using a network of pipes and pumping stations as well as trucks and rail cars. The growth of unconventional resources is creating the need for an expanded midstream network of pipelines, rail, tankers, and terminals. This is expected to drive the pumps market in the midstream segment. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=72491540

  5. Browse >> 191market data tables 56 figures 230 pagesand in-depth TOC on “Oil & Gas Pumps Market - Global Forecast to 2025” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $4950 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  6. Asia Pacific likely to emerge as the largest oil & gas pumps market In this report, the oil & gas pumps market has been analyzed for five regions, namely, North America, South America, Europe, Asia Pacific, Middle East & Africa. Asia Pacific is expected to be the largest oil & gas pumps market during the forecast period. Asia Pacific comprises China, India, Japan, Australia, and Rest of Asia Pacific. The market in China is expected to grow as it is one of the major importers of oil and its domestic demand surpasses its production. The demand for oil products in the Asia Pacific region is rapidly increasing as the region experiences strong economic growth. Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=72491540

  7. Key players - • To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Oil & Gas Pumps Market. These include • Flowserve (US), • Sulzer (Switzerland), • Weir Group (UK), • KSB (Germany), • and Xylem(US) • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=72491540

  8. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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