Oil & Gas Pumps Market by Type, Pump, Category, Application

List of Tables

[193 Pages Report] The Oil & Gas Pumps Market size was estimated at USD 12.39 billion in 2023 and expected to reach USD 13.49 billion in 2024, at a CAGR 8.99% to reach USD 22.65 billion by 2030.

Oil and gas pumps are a crucial component in the petroleum industry, serving as the mechanical devices responsible for moving various types of fluids, including natural gas, crude oil, and their derivatives, through pipelines, refining processes, and storage facilities. These pumps are designed to handle the high pressure, temperature variances, and corrosive nature of the fluids encountered in the extraction, transportation, refining, and distribution stages of oil and gas operations. Increased investments in the oil & gas industry's upstream sector, expansion of refineries, and rising demand for petroleum products are significant drivers for the growth of oil and gas pumps. Furthermore, the shift towards renewable energy sources has compelled the industry to improve the operational efficiency of pumps, thereby spurring innovation and growth. However, limitations associated with decreased flow rates, reduced head pressures, and increased power consumption impede the widespread adoption of oil and gas pumps. Additionally, cases of product recalls caused by failures of components of oil and gas pumps further raise concerns about the reliability and safety of the pumps. To circumvent technical challenges and failures of oil and gas pumps, key players are exploring advancements in smart and automated pump technologies that enable predictive maintenance, increased operational efficiency, and minimized downtime. Additionally, the integration of IoT in pump systems for better monitoring and data analysis offers significant opportunities for growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 12.39 billion
Estimated Year [2024]	USD 13.49 billion
Forecast Year [2030]	USD 22.65 billion
CAGR (%)	8.99%

Type: Advancements and initiatives to improve the performance of submersible pumps

Non-submersible pumps, also known as surface pumps, operate with the pump and motor located above ground level. These pumps are widely preferred for tasks where direct access to the pumped fluid is available, and there is no requirement for the pump to be placed within the fluid reservoir. They are often used in crude oil transmission, refinery processes, and transportation of large volumes of fluids at relatively low pressures. Submersible pumps are fully immersed in the liquid being pumped and are well suited for applications requiring the pumping of liquid from below ground level, such as in offshore drilling rigs, underwater operations, and wells. They are typically used for deepwater drilling, artificial lift, and other operations that require high-pressure fluid movement from below ground.

Pump: Rising number of centrifugal pumps in expanding oil and gas projects

Centrifugal pumps are the most commonly used oil and gas pump types. They operate using rotational energy, typically from an engine or electric motor, to move fluids through a system. These pumps are preferred when a uniform and continuous flow is required. They are notably efficient for the transfer of light oils and petrochemicals. Cryogenic pumps are utilized in applications involving extremely low temperatures, typically for the movement of liquefied natural gas (LNG) and other cryogenic fluids. Positive displacement (PD) pumps are vital for handling high-viscosity fluids or where precise volumetric flow control is required. They function by trapping a fixed amount of fluid and then forcing (displacing) that trapped volume into the discharge pipe. A progressive cavity pump (PCP) is a type of positive displacement pump commonly used in the oil and gas industry to handle viscous and multiphase fluids as well as abrasive and corrosive substances. Reciprocating pumps are another type of positive displacement pump that operates on the principle of a piston or plunger moving back and forth within a cylinder, which displaces the fluid and creates a variable flow under high pressure. Rotary gear pump facilitates the smooth flow of viscous fluids, and screw pumps can be used with versatility flow rates, pressures, liquid types, and viscosities.

Category: Dynamic pumps are preferred choice due to its efficiency and low maintenance in transferring large and diverse range of viscous volumes

Dynamic pumps, also known as kinetic pumps, transfer fluid by increasing the velocity of the fluid through an impeller. They are primarily used in applications where a high flow rate and lower pressure are required. They are suited for continuous operations and are commonly used for water supply, cooling, and fuel transfer systems in the oil and gas industry. Positive displacement pumps move fluid by trapping a fixed amount and forcing (displacing) that trapped volume into the discharge pipe. These pumps are ideal for applications requiring consistent flow rates regardless of fluid viscosity and pressure conditions. They are often selected for high-viscosity, high-pressure, and high-accuracy applications, such as in upstream oil and gas operations involving heavy crude or precise metering. The choice between dynamic and positive displacement pumps in the oil and gas sector primarily hinges on the specific fluid handling requirements. Dynamic pumps are favored for their efficiency in transferring large volumes of fluid at lower pressures, which is particularly useful for midstream and downstream operations. Positive displacement pumps, on the other hand, excel in upstream activities where higher pressures and precise volumetric flow management are necessary. When comparing maintenance needs, dynamic pumps typically require less routine service than positive displacement pumps due to having fewer moving parts. However, the latter's ability to handle a wider range of fluid types often outweighs the higher maintenance consideration in complex operations such as handling high-viscosity fluids or mixed-phase flows.

Application: Intended push towards using more sustainable pumping solutions with lower emissions

Downstream applications refer to the processing of crude oil into refined products, including the operation of refineries, petrochemical plants, and the distribution and sales of the final products. Pumps are crucial in downstream processing for transferring refined products, maintaining process flow, and handling multiple chemicals and fluids. Downstream users prioritize equipment that minimizes maintenance and operation costs while maximizing safety and ease of operation. Midstream applications primarily involve the transportation and storage of unrefined crude oil and refined products before they reach the downstream facilities. They include pipelines, terminals, and storage facilities. Pumps designed for the midstream sector are built to handle high-pressure, long-distance transport requirements. Reliability is of particular importance in these applications, as downtime can have significant implications on supply chains and can incur high costs. Upstream applications include the exploration, drilling, and production of crude oil and natural gas from onshore and offshore fields. Pumps in the upstream segment must withstand extreme conditions, as they are often employed in remote and harsh environments. Efficiency, rugged design, and dependability are key to ensuring continuous operation in the upstream sector.

Regional Insights

The Americas region, particularly the US and Canada, is involved in product innovations for oil and gas pumps due to the presence of a robust technological sector. Additionally, the production and exploration activities drive the demand for robust pumping systems for extraction purposes. Modernization and expansion of pipeline infrastructure contribute to the rising need for oil and gas pumps within the region. Sustainability considerations and regulations pertaining to energy efficiency in the oil and gas industry have driven innovations in the European Union and led to highly energy-efficient oil and gas pumps. Furthermore, dependency on gas imports and the need for secure energy supplies are propelling the demand for gas pumps for storage and distribution. The presence of a robust and advanced oil and gas sector in the Middle East sectors drives demand for advanced oil and gas pumps. APAC region serves as a crucial manufacturing hub for oil and gas pumps due to the presence of a cost-effective labor force and expansive manufacturing facilities. A trend toward local production and supply chain enhancement is fostering the creation and growth of regional pump manufacturing capabilities.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Oil & Gas Pumps Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Oil & Gas Pumps Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Oil & Gas Pumps Market, highlighting leading vendors and their innovative profiles. These include ALFA LAVAL Corporate AB, Baker Hughes Company, Debem Srl, EBARA CORPORATION, Elliott Company, Flowserve Corporation, Gemmecotti Srl, Halliburton Energy Services, Inc., HYDROMASHSERVICE by HMS Group, Ingersoll Rand Inc., ITT Goulds Pumps, JEE Pumps, KSB SE & Co. KGaA, Nikkiso Co., Ltd., Rodelta Pumps International, Roto Pumps Ltd., Ruhrpumpen, Inc., Schmitt Kreiselpumpen GmbH & Co. KG, Sulzer Management Ltd., The Gorman-Rupp Company, Trillium Flow Technologies, and Xylem Inc..

Market Segmentation & Coverage

This research report categorizes the Oil & Gas Pumps Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Non-Submersible Pumps
- Submersible Pumps

Pump
- Centrifugal Pump
- Cryogenic Pump
- Positive Displacement Pump
  - Progressive Cavity Pump
  - Reciprocating Pump
    - Diaphragm Pump
    - Multi-Plunger Pump
    - Piston Pump

Rotary & Gear pump
Screw Pump

Category
- Dynamic
- Positive Displacement

Application
- Downstream
- Midstream
- Upstream

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Oil & Gas Pumps Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Oil & Gas Pumps Market?

3. What are the technology trends and regulatory frameworks in the Oil & Gas Pumps Market?

4. What is the market share of the leading vendors in the Oil & Gas Pumps Market?

5. Which modes and strategic moves are suitable for entering the Oil & Gas Pumps Market?

Product Code: MRR-FB6C9E793331

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increase in the demand for conventional oil & gas owing to the increasing population and industrialization
  - 5.1.1.2. Rapid expansion of storage capacity, and pipeline infrastructure in the current oil & gas terminals
- 5.1.2. Restraints
  - 5.1.2.1. Shift toward the renewable energy usage
- 5.1.3. Opportunities
  - 5.1.3.1. Rising investments in refineries, to adopt energy efficiency pumps
  - 5.1.3.2. Discovering new oil and gas fields and advancement in developing deepwater and ultra-deepwater exploration
- 5.1.4. Challenges
  - 5.1.4.1. Stringent government regulations and policies to reduce the carbon emission
5.2. Market Segmentation Analysis
- 5.2.1. Type: Advancements and initiatives to improve the performance of submersible pumps
- 5.2.2. Pump: Rising number of centrifugal pumps in expanding oil and gas projects
- 5.2.3. Category: Dynamic pumps are preferred choice due to its efficiency and low maintenance in transferring large and diverse range of viscous volumes
- 5.2.4. Application: Intended push towards using more sustainable pumping solutions with lower emissions
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Oil & Gas Pumps Market, by Type

6.1. Introduction
6.2. Non-Submersible Pumps
6.3. Submersible Pumps

7. Oil & Gas Pumps Market, by Pump

7.1. Introduction
7.2. Centrifugal Pump
7.3. Cryogenic Pump
7.4. Positive Displacement Pump

8. Oil & Gas Pumps Market, by Category

8.1. Introduction
8.2. Dynamic
8.3. Positive Displacement

9. Oil & Gas Pumps Market, by Application

9.1. Introduction
9.2. Downstream
9.3. Midstream
9.4. Upstream

10. Americas Oil & Gas Pumps Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Oil & Gas Pumps Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Oil & Gas Pumps Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. ITT Signs Deal to Acquire Svanehoj Group for USD 395 Million
- 13.3.2. Amarinth Forms Strategic Alliance in Brazil's Oil and Gas Sector
- 13.3.3. Celeros Signs Pump Maintenance Agreement with India's ONGC
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio