Oil & Gas Pumps Market size will grow at a CAGR of 4.4% during 2020-2025Posted by Stratview Research on November 7th, 2019 Stratview Research in its recent report has offered an overlook of the current Oil & Gas Pumps Market scenarios and has also estimated the Oil & Gas Pumps Market size to grow at a CAGR of 4.4% during 2020-2025. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis. Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period of 2020 – 2025, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.
Click here for a Free Sample of the report (additional insights inside): https://www.stratviewresearch.com/Request-Sample/558/oil-&-gas-pumps-market.html Oil & gas pumps market is likely to witness an impressive CAGR of 4.4% during the forecast period. Increasing unconventional resources in North America, South America, and the Asia-Pacific region along with the development of gas terminals are the major factors driving the growth of the market.
Click here for description of the report: https://www.stratviewresearch.com/558/oil-&-gas-pumps-market.html Based on the type, the market is segmented as centrifugal pump, positive displacement pump, and cryogenic pump. The centrifugal pump segment is estimated to lead the market during the forecast period. Centrifugal pumps are preferred for the processes that handle low viscosity fluids and high flow rates. They are employed in a wide array of applications, such as electric submersible pumps which are used as a water and oil separator. Further, by using submersible pumps the water separated from oil can be reinjected into a reservoir without lifting it to the ground surface. Based on the application type, the market is segmented as upstream, midstream, and downstream. The midstream segment is expected to dominate the market during the forecast period. Growth of unconventional resources has led to the need for expanded midstream network of pipelines, rails, tankers, and terminals for ease in transportation, which is the major factor behind the dominance of the midstream segment.
Highlights of the Report: As per Stratview Research, North America is estimated to be the largest market for oil & gas pumps during the forecast period. The market is driven by the increasing use of alternative resources in the region. Growth in unconventional resources mainly in the US and Canada along with the growing demand from onshore & offshore fields in the Gulf of Mexico are the major factors behind the dominance of North America in the oil & gas pumps market. Europe and Asia-Pacific are also expected to offer substantial growth opportunities to the industry players owing to the rising energy requirement in both the regions. The report also throws light on the Oil & Gas Pump market share percentage, captured by specific key players in the industry; along with important mergers and acquisitions which have taken place till date. Some of the key players mentioned the Oil & Gas Pump Market are Alfa Laval AB, The Flowserve Corporation, Gardner Denver Holdings, Inc., GE Oil & Gas, Grundfos, KSB Aktiengesellschaft, Sulzer Ltd., and Schmitt Centrifugal Pumps GmbH & Co. KG.
Features of the Report This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. The oil & gas pump marketanalysis report discusses the following heads in great detail:
Know more about us and our reports: Stratview Research has been offering its insightful reports and custom researches to the interested clients in some of important industry sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. The data is collected for the reports is collected from reliable sources and is analysed carefully to come up with an end result that is resourceful and worthy for the interesting clients. For inquiries, Contact: Ritesh Gandecha Stratview Research E-mail: sales@stratviewresearch.com Direct: +1-313-307-4176 Like it? Share it! More by this author |