Global Oil and Gas Pumps Industry

Global Oil and Gas Pumps Industry

  • April 2021 •
  • 364 pages •
  • Report ID: 6032372 •
  • Format: PDF
Abstract:
- Global Oil and Gas Pumps Market to Reach $9.2 Billion by 2027
- Amid the COVID-19 crisis, the global market for Oil and Gas Pumps estimated at US$6.4 Billion in the year 2020, is projected to reach a revised size of US$9.2 Billion by 2027, growing at aCAGR of 5.2% over the period 2020-2027. Submersible Pumps, one of the segments analyzed in the report, is projected to record 5.5% CAGR and reach US$6.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Submersible Pumps segment is readjusted to a revised 4.7% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 8.1% CAGR
- The Oil and Gas Pumps market in the U.S. is estimated at US$1.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2027 trailing a CAGR of 8.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

- Select Competitors (Total 34 Featured) -
  • Alfa Laval AB
  • Baker Hughes Co
  • Flowserve Corporation
  • Gardner Denver Holdings Inc
  • Grundfos Holding A/S
  • ITT Inc.
  • KSB SE & Co. KGaA
  • Sulzer AG
  • Weir Group PLC
  • Xylem Inc.