The report on the Oil & Gas Pumps Market provides a bird’s eye view of the current proceedings and the impact on the COVID-19 pandemic. Further, the report ponders over the various factors that are likely to impact the overall dynamics of the Oil & Gas Pumps Market once the COVID-19 pandemic subsides. The current trends, growth opportunities, restraining factors, and drivers are discussed in the report in detail.
For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=2435
The oil & gas pumps market is likely to witness sluggish growth, with global demand surpassing 9 million 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 to meet stringent emission standards.
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.
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=2435
As per the report, the demand for submersible pumps is also likely to grow in the near future. Electric submersible pumps are being used on a large scale as water and oil separators. The centrifugal pumps are also expected to witness increasing demand for crude oil transportation. Manufacturers in oil and gas pumps market are focusing on pump modification to save significant amount of energy and improve performance.
Onshore Oil & Gas Pumps to Find Large Application in Projects across Countries
The Fact.MR study opines that the onshore oil & gas pumps are likely to witness a rapid growth in the coming years. Demand for onshore oil & gas pumps is expected to exceed 4.8 million units in 2018. With rise in energy demand from various sectors and growth in the transportation industry, many countries, especially in Asia Pacific, are moving towards development of new oil & gas projects.
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/2435
India, China, and Indonesia are expected to significantly contribute to the growth of oil and gas industry in the region. With the signs of recovery in oil prices, many state-owned oil companies in the Asia Pacific region are spending on onshore oil and gas production to ensure energy security.
Upgradation of existing onshore oil and gas facilities and development of new facilities is also accelerating in Southeast Asia. Moreover, in recent years, regulation in the UK has removed legal hurdles in the development of onshore petroleum resources. Moreover, in terms of gas transportation by the onshore gas producers in the UK, the government has removed requirement to hold a gas transporter license, and a class exemption has been introduced to cover all types of onshore gas production.
Chapter 1- Executive Summary
This chapter in the report offers the market overview along with the details on the growth opportunities in the oil & gas pumps market.
Chapter 2- Market Introduction
This chapter provides a brief introduction to the oil & gas pumps market. The product specific definition of oil & gas pumps is also offered in the report. The chapter also includes market taxonomy.
For comprehensive insights on this market adoption, ask an analyst here – https://www.factmr.com/connectus/sample?flag=AE&rep_id=2435
Chapter 3- Market Dynamics
This section in the report focuses on the key trends and drivers in the oil & gas pumps market. It also provides details on the challenges in the oil & gas pumps market.
Chapter 4- Associated Industry Assessment
This chapter in the report provides overview of the global pumps market along with the market analysis and forecast based on the key regions and products. Market attractiveness analysis is also offered in the chapter
Chapter 5- Key Indicator Assessment
The chapter focuses on the supply chain including oil and gas pump manufacturers, distributors, suppliers, and end-users. The report also includes cost structure and macro-economic factors influencing the growth in the oil & gas pumps market.
Chapter 6- Oil & Gas Pumps Market Analysis and Forecast
This chapter in the report provides market outlook along with the segment-wise analysis of the oil & gas pumps market. The key segments included in the report are capacity type, product type, pump characteristics, and deployment type. The report provides data in form of value and volume on each segments. Pricing analysis and absolute opportunity is also included in this chapter. The key segments are further bifurcated into sub-segments.
The 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.
Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2018/12/05/1662329/0/en/Mining-Pumps-Market-Benefits-from-Resurgence-in-Mining-Activities-says-Fact-MR.html
Explore Fact.MR’s Comprehensive Coverage on Industrial Goods Landscape
Modular Cleanroom Solutions Market, Forecast, Trend, Analysis & Competition Tracking- Global Market Insights 2024 to 2030: https://www.factmr.com/report/modular-cleanroom-solutions-market
Vacuum Loaders Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2024 to 2030: https://www.factmr.com/report/vacuum-loaders-market
Flexitanks Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2024 to 2031: https://www.factmr.com/report/flexitanks-market
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: [email protected]
Visit Our Website: https://www.factmr.com
