(MENAFN- Ameliorate Digital Consultancy) At Stunning 6.4% CAGR, The global Oil & gas Pumps market was valued at over 6.6 Billion in 2022. The market is expected to see significant growth over the coming years, with a forecasted market value of over USD 10.8 Billion by 2028.
The global“oil & gas pumps market Size” is expected to rise with an impressive CAGR and generate the highest revenue by 2029. Exactitude Consultancy in its Latest News, Updates & Trend analysis report published this information. The report is titled“Oil & Gas Pumps Market Size, Share and Trends Forecast”. The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period.
The report evaluates the important characteristics of the market based on present industry scenarios, market demands and business strategies. Also, the research report separates the industry based on the Oil & Gas Pumps Market share, types, applications, growth factor, key players and regions.
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Recent Developments
In September 2020, Alfa Laval won a contract to supply Framo pumping systems for two FPSO (Floating Production, Storage and Offloading) vessels to operate outside the coast of Brazil. The orders have a total value of approximately USD 16.5 million (SEK 155 million), with deliveries scheduled for 2021. The two orders comprise marine pumping systems for firewater and seawater lift service. In August 2020, Weir Oil & Gas Dubai won a three-year contract from a national oil company in the UAE for servicing and repairing pumps and motors. The contract secures the provision of Weir Oil & Gas Rotating Equipment services, machine shop services, emergency manufacturing, and site works. In April 2020, Atlas Copco launched a new addition to the WEDA submersible dewatering pump range with the WEDA S50. The WEDA S range is designed for thick, soft, wet mud or other similar mixtures. These pumps are ideally suited for construction dewatering, industrial, or refining applications. In August 2019, Flowserve won a contract from Shell Australia to provide general maintenance services for Shell's Prelude Floating Liquefied Natural Gas (FLNG) facility, which is producing natural gas from an offshore field in Western Australia.
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2023 Updated Report Introduction, Overview, and In-depth industry analysis 100+ Pages Research Report (Inclusion of Updated Research) Provide Chapter-wise guidance on Request 2023 Updated Regional Analysis with Graphical Representation of Size, Share & Trends Includes Updated List of table & figures Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis Facts and Factors research methodology
Market Dynamics
The Oil & Gas Pumps Market variables explored for estimating the market valuation are growth engines, hurdles, opportunities, and threats. These variables and their role in predicting the ups and downs of the industry make the majority of the report. They are used in sizing the value of segments and sub-segments of the market. Moreover, the insights gleaned through astute market research are based on proven methodologies such as Porter's Five Forces model and can prevent investment mistakes.
Segmentation
The segments and sub-segments within the Oil & Gas Pumps Market are highlighted and expounded in detail with value and growth revenue predictions. The estimations are gained from a SWOT analysis conducted by research analysts and based on the demand-supply chain, consumer sentiment, brand acceptance, and socio-economic factors. Government policies and their impact on the segments are taken into consideration.
Regional Outlook
Regions considered in the market are gauged on the basis of performance metrics which differ by economic growth, government support, and investment scenario. Ease of business index and other growth metrics which foster market growth are considered before estimating its value. Figures and statistics from reputed government organizations are included in the report for cementing its value.
By Geography
North America Europe Asia Pacific Latin America Middle East & Africa
Research Methodology
The research methodology contains Oil & Gas Pumps Market research conducted in two major steps – primary and secondary research. Primary research comprises raw information acquired from interviews with subject matter experts, corporate executives, and decision-makers of major companies. The focus on qualitative and quantitative research by cross-checking the primary data against fact-checking websites and trustworthy databases comes under secondary research.
Competition Landscape
The competition is analysed with regard to the concentration of players. The Oil & Gas Pumps Market trends and patterns are studied and strategies are formulated to navigate through various obstacles and unforeseen circumstances. Expansions, agreements, partnerships, mergers, acquisitions, and collaborations are strategies considered by the players to stay afloat in the industry. The range of products is benchmarked and sized according to features, consumer demand, and price.
Companies Profiled in Oil & Gas Pumps Market Report:
alfa laval, flowserve, ksb, sulzer, weir group, grundfos, hms, gardner denver, xylem and nikkiso.
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Key Offerings:
Past Market Size and Competitive Landscape (2019 to 2022) Past Pricing and price curve by region (2019 to 2022) Market Size, Share, Size & Forecast by different segment | 2023−2029 Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region Market Segmentation – A detailed analysis by Voltage. Type, and End User and region Competitive Landscape – Profiles of selected key players by region from a strategic perspective Competitive landscape – Market Leaders, Market Followers, Regional player Competitive benchmarking of key players by region
PESTLE Analysis PORTER's analysis Value chain and supply chain analysis Legal Aspects of business by region Lucrative business opportunities with SWOT analysis Recommendations
Segments Covered in the Report
(Note*: We offer report based on sub segments as well. Kindly, let us know if you are interested)
By Type
Submersible Non- Submersible
By Application
Upstream Midstream Downstream
Key Features of Market Research Report:
This Oil & Gas Pumps Market report provides detail analysis of the market and have a comprehensive understanding of the market and its commercial landscape.
Learn about the various Oil & Gas Pumps Market strategies that are being adopted by leading companies.
It provides a five-year forecast assessed based on how the market is predicted to grow.
It provides insightful analysis of changing competition dynamics and keeps you ahead of competitors.
To understand the future scope and outlooks for the market.
Market Forecast by regions, type and application, with sales and revenue, from 2022 to 2029.
Market Share, distributors, major suppliers, changing price patterns and the supply chain of raw materials is highlighted in the report.
Oil & Gas Pumps Market Size (sales, revenue) forecast by regions and countries from 2022 to 2029 of industry.
The global market growth is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2029. In 2021, the market was growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
What are the Report Highlights?
The industry analysis Oil & Gas Pumps Market report offers a comprehensive overview of the Market and its major growth prospects such as drivers, restraints, challenges, and upcoming opportunities. It also throws light on the current industry trends, major developments, and other interesting insights useful for this market. It further discusses the nature of the market competition, list of players and their key strategies to stay put in the competition. It also describes the table of segmentation and the names of the leading segment with market figures. The report is provided on the company website.
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