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Oil & Gas Pumps Market worth $10.36 billion by 2023

The report "Oil & Gas Pumps Market by Type (Centrifugal, Positive Displacement (Screw Pumps, Reciprocating Pumps, Rotary & Gear Pumps, Progressive Cavity Pumps), Cryogenic), Application (Upstream, Midstream, Downstream), Region - Global Forecast to 2023", The global pumps market in oil & gas industry is projected to reach USD 10.36 billion by 2023 from an estimated USD 8.47 billion in 2018, at a CAGR of 4.12%. This growth can be attributed to the increasing unconventional resources in the North American, South American, and Asia Pacific regions and development of gas terminals.

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Oil & Gas Pumps Market worth $10.36 billion by 2023

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  1. Oil & Gas Pumps Market by Type, Positive Displacement, Application, Region - Global Forecast to 2023 www.MarketsandMarkets.com

  2. The centrifugal pump segment is expected to hold the largest share of the pumps market in oil & gas industry, by 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. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=72491540

  3. The midstream segment is expected to hold the largest share of the pumps market in oil & gas industry, 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. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=72491540

  4. Browse >> 85market data tables 36 figures 142 pagesand in-depth TOC on “Oil and Gas Pump Market - Global Forecast to 2023” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 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.

  5. North America: The leading market for pumps in oil & gas industry In this report, the pumps market in oil & gas industry has been analyzed with respect to 5 regions, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America.  North America is estimated to dominate the global pumps market in 2018 owing to the growth in unconventional resources in the US and Canada. The demand from the onshore & offshore fields in the Gulf of Mexico is also likely to impact the pump market positively during the forecast period. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=72491540

  6. Target Audience: • The target audience of this report includes: • Government and research organizations • Investment banks • Pump manufacturers • Raw material suppliers • Exploration and production companies • National and international drilling associations • Rig manufacturers and suppliers • Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.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 Pumpmarket. These include • Flowserve (US), • Sulzer (Switzerland) • KSB (Germany) • Weir Group (UK) • Grundfos(Denmark) • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=72491540

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 UK : 44-800-368-9399Email: sales@marketsandmarkets.com

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