Oil and Gas Pumps Market size was valued at USD 10.25 Billion in 2024 and is forecasted to grow at a CAGR of 5.5% from 2026 to 2033, reaching USD 15.50 Billion by 2033.
In 2022, the global oil and gas pumps market was valued at approximately USD 8.32 billion and is projected to reach USD 13.15 billion by 2032, reflecting a compound annual growth rate (CAGR) of 4.70% over the forecast period. The markets expansion is driven by factors such as the exploitation of unconventional resources, including shale production in the United States, oil sands in Canada, and deep water discoveries in the Asia Pacific region. Among pump types, centrifugal pumps dominated the market in 2022, accounting for 74.45% of the share, equivalent to USD 6.19 billion, due to their widespread use in the oil and gas sector.Regionally, North America led the market with a 43.11% share, translating to approximately USD 3.59 billion in 2022, attributed to significant expansion in unconventional resources in the U.S. and Canada. The Asia Pacific region exhibited the highest growth, driven by increased petroleum refining activities in emerging economies like India and China. In terms of application, the midstream segment dominated, holding a 43.32% share, or USD 3.60 billion, in 2022, with new pipeline projects in the Middle East & Africa and Asia Pacific regions boosting pump usage in this sector.
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Alfa Laval
Flowserve
Gardner Denver
GE Oil & Gas
Grundfos
HMS
KSB
Sulzer
Weir
Xylem
Lewa
Schmitt Kreiselpumpen
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Oil and Gas Pumps Market
Positive Displacement Pumps
Centrifugal Pumps
Diaphragm Pumps
Gear Pumps
Upstream
Midstream
Downstream
Electric Pumps
Engine-driven Pumps
Hydraulic Pumps
Oil & Gas
Petrochemicals
Mining
Chemicals
Low Flow Rate
Medium Flow Rate
High Flow Rate
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Oil and Gas Pumps Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Oil and Gas Pumps Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Oil and Gas Pumps Market, By Type
6. Global Oil and Gas Pumps Market, By Application
7. Global Oil and Gas Pumps Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Oil and Gas Pumps Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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