According to recent research, “Oil
& Gas Pumps Market by Type (Centrifugal, Positive Displacement (Screw
Pumps, Reciprocating Pumps, Rotary & Gear Pumps, Progressive Cavity Pumps),
Cryogenic), Application (Upstream, Midstream, Downstream), Region - Global
Forecast to 2023”, the global pumps market in oil & gas industry is
expected to grow from an estimated USD 8.47 billion in 2018 to USD 10.36 billion
by 2023, at a CAGR of 4.12%. In 2018, the market in North America is estimated
to be the largest, followed by Asia Pacific. Factors such as growth of
unconventional resources in the North American, South American, and Asia
Pacific regions and development of gas terminals are expected to drive the oil
& gas pumps market during the forecast period.
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The global pumps market in oil & gas industry is
dominated by a few major players that have a wide regional presence. The
leading players in the pumps market are Flowserve (US), Sulzer (Switzerland),
KSB (Germany), Weir Group (UK), and Grundfos (Denmark).
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The major strategies adopted by the players include contracts
& agreements, new product developments, investments & expansions,
mergers & acquisitions, and partnerships. Contracts & Agreements was the
most commonly adopted strategy from January 2015 to August 2018. The industry players
also adopted new product developments and investments & expansions, which were
the second and third most widely followed strategies during the same period.
Sulzer is a global industry player that delivers reliable
and sustainable solutions. It offers pumping solutions, services for rotating
equipment, and separation, mixing, and application technology. The company
provides its products and services to industries such as the oil & gas,
power, and water. Sulzer operates through 4 business segments, namely, pumps
equipment, rotating equipment services, Chemtech, and applicator systems. It
offers oil & gas pumps through its pump’s equipment segment, which accounted
for 36.7% of the total net sales in 2017. The pumps equipment segment focuses
on production, transport, crude oil & gas processing, supply, treatment, transport
of water as well as wastewater collection, fossil-fired, nuclear, and renewable
power generation. Sulzer operates worldwide through its strong network with
over 180 production and service locations in more than 40 countries. In January
2018, Sulzer partnered with Al Majal Technical Services (AMTS) as its authorized
repair partner in Iraq. The partnership aimed to strengthen each other’s
capability to execute the overhaul, site service, repair and maintenance of
pumps, turbines, and compression equipment as well as their associated
ancillaries.
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KSB is one of the leading manufacturers of pumps and
industrial valves. These are used in a large variety of applications such as building
services, industry, water transport, wastewater treatment, and power plant
processes. It operates through 3 business segments, namely, pumps, valves, and
service. The pump business segment consists of single- and multistage pumps and
associated control and drive systems. These pumps are used across various
applications such as manufacturing, chemical/petrochemical, transport, energy
supply, water transport and wastewater treatment, construction/building
services, and the hydraulic transport of solids in mining. KSB has a strong
global presence in more than 100 countries and operates through 170 service
centers. In March 2017, KSB established an independent operation in Zambia. The
expansion aimed to ensure that its rapidly expanding customer base has access
to the company’s sales and support services.
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USA : 1-888-600-6441
sales@marketsandmarkets.com
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