Oil and Gas Pump Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The global oil & gas pumps market is projected to reach a size of USD 9.0 billion by 2028, at a CAGR of 6%, from an estimated USD 6.6 billion in 2020.

The oil and gas pumps market will see strong growth as the use of non-traditional resources, including coal bed methane, requiring pumps of various designs and specifications, including shale gas and liquid, tight gas and oil, coal bed methane, etc. Increasing use of natural gas, coupled with the government’s favorable policy on natural gas, has led to an increase in demand for gas pumps in the industry. Expanding investments in liquid natural gas supply infrastructure in certain key markets will increase pump sales in the midstream segment significantly.

 Company Profile

The oil & gas pump market is fragmented. Some of the key companies operating in the market include  Xylem Inc., Flowserve Corporation, KSB SE & Co. KGaA, Alfa Laval AB, and Gardner Denver Holdings Inc

Market Segmentation

Based on type, the Oil & gas pumps market has been segmented as follows:

• Submersible Pumps
• Non-submersible Pumps

Based on pump type, the Oil & gas pumps market has been segmented as follows:

• Centrifugal Pump
• Positive Displacement Pump
• Screw Pump
• Reciprocating pump
• Diaphragm pump
• Multi-plunger pump
• Piston pump
• Rotary & Gear pump
• Progressive Cavity pump
• Cryogenic Pump

Based on application, the Oil & gas pumps market has been segmented as follows:

• Upstream
• Midstream
• Downstream

Scope of the Report

The research study analyzes the global Oil and Gas Pump industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Oil and Gas Pump Market Report

1. What was the Oil and Gas Pump Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Oil and Gas Pump Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Oil and Gas Pump Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.