The market for oil and petrol pumps is expected to reach USD 6,900,000,000 in 2022 and will likely surpass USD 10,800,000,000 by 2032, expanding at a CAGR of 4.9% from 2022 to 2032.
In 2022, the market for industrial pumps will comprise 11% of the overall oil and gas pump industry. During the evaluation period of 2022–2032, the global market for oil & petrol pumps is predicted to have an absolute $ potential of USD 4,100 Million.
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Competitive Landscape: Top Companies in Oil & Gas Pumps Market
The global oil & gas pumps market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced oil & gas pumps.
Fact.MR has provided detailed information about price points of top manufacturers of oil & gas pumps market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
For instance:
- Alfa Laval in 2020, won a supply contract to supply Framo pumping systems for two Floating Production Storage and Offloading (FPSO) vessels which comprises marine pumping systems for seawater and firewater lift service, operating outside the coast of Brazil
- Weir Oil & Gas Dubai won a 3-year contract in 2020, from a national oil company in the UAE to repair and service motor and pumps.
Key Companies Profiled
- oil sandsXylem
- GRUNDFOS
- Weir Group
- Flowserve Corporation
- KSB SE & Co. KGaA
- Sulzer Ltd.
- Nikkiso
- Trillium Flow Technologies
- Halliburton
- Baker Hughes Company
- Groman-Rupp EBARA Corporation
- Tsurumi Manufacturing Co. Ltd.
- Gemmecotti
Global Oil & gas pumps Market by Category
- By Product Type :
- Centrifugal Pumps
- Single Stage
- Multi-Stage
- Axial and Mixed
- Submersible
- Seal less and Circular
- Reciprocating Pumps
- Piston
- Plunger
- Diaphragm
- Rotary Pumps
- Gear
- Vane
- Screw
- Lobe
- Progressive Cavity Pumps
- Piston
- Peristaltic
- By Capacity :
- Small (Up to 500 gpm)
- Medium (500–1,000 gpm)
- High (More than 1,000 gpm)
- By Pump Characteristics :
- Engineered Pumps
- Standard Pumps
- Special Purpose Pumps
- By Deployment Type :
- Onshore
- Offshore
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA