Global Oil and Gas Pumps Market report gives complete study of Market growth drivers, Current growth, market trends, Market structure, Market projections for upcoming years.
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The Global Pumps Market in Oil & Gas Pumps industry is projected to reach US$ 10.36 Billion by 2023 from an estimated US$ 8.47 Billion in 2018, at a CAGR of 4.12%. This report spread across 142 Pages, Profiling 12 Companies and Supported with 85 Tables and 36 Figures is now available in this research.
Most Popular Companies in the Oil & Gas Pumps Market include are Flowserve (US), Sulzer (Switzerland), KSB (Germany), Weir Group (UK), Grundfos (Denmark).
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The Midstream segment is estimated to be the fastest growing during the forecast period. North America is estimated to hold the largest market in the midstream segment, followed by Asia Pacific.
Growth of unconventional resources in these regions is creating the need for an expanded midstream network of pipelines, rail, tankers, and terminals, thus, driving the pumps market in oil & gas industry during the forecast period.
“Middle East & Africa: The fastest growing market for oil & gas pumps”
The Middle East & Africa region is expected to be the third largest pumps market by 2023 and is projected to grow at the highest CAGR during the forecast period. The pumps market in the oil & gas industry in this region is mainly driven by the investments in the oil & gas sectors.
The government of Saudi Arabia is taking initiatives to control the oil & gas sector of the country by identifying new oil fields, expanding existing fields, and enhancing production.
Breakdown of primary participants’ profile:
- By Company Type: Tier 1 –60%, Tier 2 –27%, and Tier 3 – 13%
- By Designation: C-Level –35%, Director Level –25%, and Others –40%
- By Region: Asia Pacific –30%, North America –27%, Middle East & Africa – 25%, and Europe – 10%, and South America –8%
- To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
- To forecast the growth of the pumps market in oil & gas industry with respect to the 5 regions (Asia Pacific, Europe, North America, South America, and Middle East & Africa)
- To provide detailed information on the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To track and analyze developments such as contracts & agreements, investments & expansions, new product developments, and mergers & acquisitions in the pumps market in oil & gas industry
- To profile and rank key players and comprehensively analyze their market shares
Target Audience for Oil & Gas Pumps Market: Investment banks, Government and research organizations, Pump manufacturers, Raw material suppliers, Exploration and production companies, Rig manufacturers and suppliers, National and international drilling associations.
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Competitive Landscape of Oil & Gas Pumps Market:
2 Ranking of Players and Industry Concentration, 2017
3 Competitive Scenario
3.1 Contracts & Agreements, 2015–2018
3.2 New Product Developments, 2015–2018
3.3 Investments & Expansions, 2015–2018
3.4 Mergers & Acquisitions, 2015–2018
3.5 Partnerships, 2015–2018