The global oil & gas pumps market is anticipated to grow at a CAGR of around 6.2% during the forecast period. The global oil & gas pump market growth is driven by the presence of major players such as Xylem Inc., Flowserve Corp., and KSB SE & Co. KGaA, operating in the market. These players are focusing on adopting inorganic growth strategies such as mergers and acquisitions, new product launches, business expansion, and others to stay in the competition and fulfill growing market demands. For instance, in September 2022, Sulzer launched new dewatering pumps for smaller tasks. With this launch, Sulzer completed its lineup of dewatering pumps. Similarly, in November 2022, Crest Pumps launched a new range based on its long-established ECC series. The EOV is designed to be as corrosion resistant to chemicals as possible making it suited for a wide variety of purposes.
Browse the full report description of “Oil & Gas Pumps Market Size, Share, and Trends Analysis Report by Product Type (Dynamic Pumps and Positive Displacement Pumps), and by Application (Upstream, Midstream, and Downstream) Forecast Period (2022 to 2028)” at https://www.omrglobal.com/industry-reports/oil-and-gas-pumps-market
Likewise, in June 2021, Alfa Laval launched DuraCirc circumferential piston pump for the food, dairy, beverage, home, and personal care industries. In April 2020, Gardner Denver High-Pressure Solutions (HPS) launched a new, next-generation, cost-efficient fluid end: the Gardner Denver VX Hydraulic Fracturing Pump Fluid End (VX). Further, in December 2019, Gardner Denver launched the new Thunder 5,000 HP Quintuplex pump. The pump is designed for duel fuel gas engines, electric motors, diesel engines, and gas turbine direct drives.
Apart from this, in February 2021, Caterpillar Inc. acquired the Oil & Gas Division ("Weir Oil & Gas") of the Weir Group PLC, a Scotland-based global engineering business. With this acquisition, the company aimed its strategy of providing its customers with expanded offerings and services which will now be one of the broadest in the well-service industry.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Product Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape- Xylem Inc., Flowserve Corporation, KSB SE & Co. KGaA, Alfa Laval AB, and Gardner Denver Holdings Inc., among others.Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Oil & Gas Pumps Market Report by Segment
By Product Type
By Application
Global Oil & Gas Pumps Market Report By Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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