Oil & Gas Pumps Market: Prospective Growth Trends & Incremental Opportunity Assessment till 2028
Verfasser: ashwani_kailiya on Monday, 17 February 2020The oil & gas pumps market is expected to witness sluggish growth, with the demand expected to reach 3.2% CAGR in terms of volume during 2018-2028, according to the Fact.MR report. The oil and gas pumps market is likely to witness sluggish growth, with global demand surpassing 9,000,000 units by the end of 2018, according to a latest report by Fact.MR. Rising demand for oil and gas is resulting in the growing demand for equipment such as oil & gas pumps. End-users in oil and gas industries are demanding efficient oil & gas pumps to ensure smooth operation and meet stringent emission standards.
Competitive Assessment: The oil & gas pumps market report includes global as well as emerging players:
- GRUNDFOS
- Weir Group
- Flowserve Corporation
- KSB SE & Co. KGaA
- Others
End-users of oil & gas pumps are using centrifugal pumps on a large scale owing to its low product and maintenance cost, and better load and pressure handling capabilities. The demand for centrifugal pumps is healthy in the upstream oil & gas industry as the part of multiphase pumping application.