The Global Oil and Gas Pumps Market is expected to grow by US$ 2.45 billion during 2020-2026, progressing at a CAGR of 4.6% during the forecast period. Asia Pacific is the most significant revenue contributor in the global oil and gas pumps market, accounting for 33.1% of the market in 2019. The region is expected to witness significant developments in the oil and gas pumps market.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product types, applications, and regions. The global market data on oil and gas pumps can be segmented by product types: axial and mixed centrifugal pumps, diaphragm positive displacement pumps, gear positive displacement pumps, multi stage centrifugal pumps, piston positive displacement pumps, progressive cavity positive displacement pumps, seal-less and circulator centrifugal pumps, single stage centrifugal pumps, submersible centrifugal pumps, and others. The single stage centrifugal pumps segment held the largest market share of 31.2% in 2019. However, the multi stage centrifugal pumps segment is expected to witness the highest CAGR during the forecast period. Oil and gas pumps market is further segmented by applications: downstream, midstream, and upstream. In 2019, the downstream segment held the largest share of the market and is anticipated to register the highest CAGR during 2020–2026.

The study provides historical market data (2016-2019) and forecasts from 2020 till 2026. The market size and estimations are provided in terms of revenue (million USD) considering 2019 as base year and market forecast will be given from 2020 to 2026.

The data-centric report focuses on market trends, status and outlook for segments, and future growth. With comprehensive market assessment across the major geographies such as Asia Pacific, Europe, Middle East and Africa (MEA), North America, and South America the report is a valuable asset for the existing players, new entrants and the future investors.


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