2018 Global Oil & Gas Pumps Market to 2023 – Leading Players are Flowserve, Sulzer, KSB, Weir Group and Grundfos

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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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Paralleling Switchgear Market 2018 Global Industry Size, Demand, Growth Analysis, Share, Revenue, Manufacturers and Forecast 2023

According to recent research “Paralleling Switchgear Market by End-User (Industrial, Commercial), Application (Prime, Standby and Peak shave), Transition Type (Open Transition and Closed Transition), Voltage (Low Voltage and Medium Voltage), and Region - Global Forecast to 2023", the global paralleling switchgear market is estimated to grow at a CAGR of 5.82% from 2018 to 2023, to reach a market size of USD 1.55 billion by 2023. The increase in distributed generation, ageing and overburdening of power grids, and investment in industrial sectors such as power generation, oil & gas, telecommunication, construction, and mining are likely to drive the paralleling switchgear market during the forecast period. 

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The paralleling switchgear market is dominated by major players that are established brand names with a wide regional presence, along with many local and regional players in emerging economies. The leading players in the paralleling switchgear market include GE (US), Kohler (US), Caterpillar (US), Cummins (US), Schneider Electric (France), and Russelectric (US). 

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The industrial segment is estimated to be the fastest-growing segment of the paralleling switchgear market, by end-user, from 2018 to 2023. The growth of this segment is driven by the increasing demand for critical power from utilities/power generation in developing regions such as Asia Pacific, the Middle East & Africa, and South America. Increased focus on data center services in finance and e-commerce sectors and large investments in public infrastructure projects by governments globally are leading to the increased demand for generators for power generation, which, in turn, would drive the demand for paralleling switchgear used for paralleling multiple power sources in various end-user industries.

Based on transition type, the closed transition mode of paralleling switchgear market is expected to grow at the highest rate from 2018 to 2023. The growth of closed transition type switchgear can be attributed to its capability to maintain power supply to critical loads at all times with no interruption in electrical service. Closed transition equipment such as switchgear and automatic transfer switches uses a make-before-break operating sequence to maintain uninterrupted power to essential loads throughout a transfer between live sources. However, open transition segment is estimated to hold a higher market share as it is the more widely used technology and cost-effective in comparison to closed transition. The growing requirement from telecommunication, construction, distributed generation, and replacement demand also supports the higher share of the open transition segment in paralleling switchgear market.

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The standby segment of the paralleling switchgear market, by type, is estimated to grow at the highest rate from 2018 to 2023. Factors such as rising demand from data centers, hospitals, and solar PV sectors is driving the growth of this market. Growing demand from the Asia Pacific will continue to drive the standby segment of the paralleling switchgear market, led by demand from countries such as China and India. 

Low voltage segment of paralleling switchgear market, by voltage, will grow at the highest rate during the forecast period. Low voltage segment is primarily used for mission critical operations in hospitals, data centers, and telecom sector. Rising investments in healthcare and data centers industries, including the construction of new facilities, as well as extension and upgrade of existing facilities in the Asia Pacific, North America, and Europe, are expected to drive the demand for low voltage paralleling switchgear. 

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The paralleling switchgear market has been segmented, by region, into Asia Pacific, Europe, North America, South America, and the Middle East & Africa. The Asia Pacific market is projected to grow at the highest rate from 2018 to 2023, followed by North America and the Middle East & Africa. China and India are the largest markets in the Asia Pacific region and have seen increasing investments in data centers, public infrastructure, and telecommunication sectors in the recent past. The Indian market is projected to grow at the highest CAGR of 7.48% from 2018 to 2023 in the Asia Pacific region. Increasing investments in data centers, construction, telecommunication, manufacturing, water and wastewater treatment, and growing urbanization are the major factors driving the growth of the paralleling switchgear market in the region.

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. 

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Diesel Power Engine Market 2017 Analysis and In-depth Research on Market Size, Trends, Emerging Growth Factors and Forecasts

According to the new market research report "Diesel Power Engine Market by Operation (Standby, Prime, and Peak Shaving), Rated Power (Up To 0.5 MW, 0.5–1 MW, 1–2 MW, 2–5 MW, and Above 5 MW), End-User (Industrial, Commercial, Residential), and Region - Global Forecast to 2022 ", published by MarketsandMarkets™, the diesel power engine market is estimated to grow at a CAGR of 3.78% from 2017 to 2022, to reach a market size of USD 9.13 billion by 2022. Diesel power engines are used for power generation by end-users such as industries, commercial, and residential. The rising demand for reliable power and growing urbanization are some of the factors contributing to the growth of the diesel power engine market.  

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Asia Pacific is estimated to be the fastest growing market for diesel power engine from 2017 to 2022. The increasing need for power generation, particularly in China and India, along with rising investments in manufacturing, commercial complexes, process, and other industries, has increased the demand for a constant supply of uninterrupted power. Downtime in any industry is costly, and quick start power generation can aid in improving the overall plant efficiency and minimize unwanted cost overruns. These factors are expected to drive the growth of the diesel power engine market in Asia Pacific. China and India are estimated to be the two largest markets for diesel power engine in the region in 2017. In addition, the diesel power engine market is expected to grow significantly in countries such as Australia and Bangladesh during the forecast period. 

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The standby segment is expected to be the fastest-growing segment of the diesel power engine market from 2017 to 2022. The growth of this segment can be attributed to the widespread application of backup power across various end-users. The use of standby engines in commercial buildings, residential societies, and industrial applications in case of power interruption and backup applications in CHP and other power plants has also resulted in the higher demand for standby engines. Asia Pacific and South America are estimated to be the fastest growing markets for diesel power engine and offer lucrative business opportunities for standby manufacturers.

The 1 MW–2MW segment is expected to be the fastest growing market, by power rating, from 2017 to 2022. The diesel engines of this power rating find application in large residential areas and industrial applications. The 0.5MW–1 MW segment is expected to grow at the second highest CAGR from 2017 to 2022 as these are used in large applications in commercial spaces and universities. Thus, there are lucrative business opportunities in the 1 MW–2MW and 0.5MW–1 MW segments.

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The industries segment is expected to be fastest-growing diesel power engine market, by end-user, from 2017 to 2022 due to increasing industrialization in developing economies. The major industries that use diesel power engine include cement, pharmaceutical, datacenter, metals and mining, automotive, oil & gas, and paper and pulp. Various operations in these industries require an uninterrupted power supply, which helps to enhance the productivity. These factors are expected to create new revenue pockets for the diesel power engine market in the industries segment during the forecast period.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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