"Actionable Insights to Fuel Your Growth"
Oil and Gas industry is crucial for the global economy. The oil and gas industry is not only responsible for the majority of primary energy generation but also acts as a significant supplier of raw materials for chemical products which include pharmaceuticals, solvents, fertilizers, pesticides, and plastics. For a reliable and stable operation of the oil and gas industry, pumps play an essential role. Efficient pumping decreases operating cost and increase profitability. Pumps play a crucial role in the oil and gas industry.
Pumps are used in every step of the oil and gas industry; right from oil and gas exploration to refinery — a different type of pumps in each stage of the oil and gas industry. Use of smart pumping has increased due to the failure of conventional pumping systems. Use of sensors, for monitoring and controlling performance of pumps, has enhanced the performance of pumps. Emerging IOT technology is integrated into modern pumping systems. New pumping technology, like multi-phase pumping and separation, has reduced capital as well as operational costs.
To gain extensive insights into the market, Request for Customization
Based on Type, oil and gas pumps are segmented into rotary, reciprocating and centrifugal. In the upstream sector, oil and gas pumps are primarily used for potential underground or underwater crude oil and natural gas fields, drilling exploratory wells, and subsequently drilling and operating the wells that recover and bring the crude oil or raw natural gas to the surface. Pumps can be differentiated into low, medium, and high on the basis of pumping capacity. Based on connectivity, oil and gas Pumps is divided into wired connections and wireless. Based on Application, the oil & gas pump market can be segmented as onshore and offshore.
The primary market driver for global oil and gas pumps market is the need for modernization, refurbishment, and up-gradation of the pumping infrastructure in the oil and gas industry. Automation and IoT based pumping system boosts efficacy and is beneficial to investors. Increase in demand for oil and gas in countries, growth in downstream activities, and economical extraction of shale gas are expected to influence the pumps market positively. Emerging long-distance surface pipeline and subsea pipelines for transport for crude and natural oil is a new avenue for pumping infrastructure. As a result of low crude oil prices, investment in oil and gas has reduced significantly. This acts as a significant restraint for oil and gas pumps market.
Some of the notable companies in the global Oil & Gas pumps market are PCM SA, SPP Pumps, Ruhrpumpen Global, Grundfos, Sulzer, KSB, ITT Oil & Gas, Flowserve Corporation, EDUR-Pumpenfabrik Eduard Redlien GmbH & Co. KG, Verder (UK) Ltd, Wastecorp Pumps, Designed and Engineered Pumps, NETZSCH Pumps & Systems, Framo, SKF, Lewa, Kirloskar Pumps, Xylem, DXP, Gardner Denver, National Pump & Energy, Enpro Subsea, and Sam Turbo Industry.
· North America (the USA and Canada)
· Europe (UK, Germany, France, Italy, Spain and Rest of Europe)
· Asia Pacific (China, India, Japan, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (GCC, South Africa, and Rest of the Middle East & Africa)
The global oil and gas pumps market are segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to positively influence oil and gas pumps market due to development of affordable shale gas exploration and extraction technology. Upgradation and refurbishment of aging oil and gas pipelines and new proposed pipelines in Europe and North America are expected to grow the oil and gas pumps market. New proposed pipelines in Asia-Pacific and Middle-East & Africa is expected to boost the use of pumps in mid-stream sector. Increase in petroleum refining activities in India, China, USA is expected to increase the use of pumps in the downstream market. Upgradation and modernization of infrastructure in OPEC countries can spur the oil and gas pump market.
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry