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Global Oil & Gas Pump Market By Type (Centrifugal Pump, Cryogen Pump, Positive Displacement Pump), By Application (Upstream, Midstream, Downstream), By Capacity (Low, Medium, High), By Region, Forecast & Opportunities to 2026

The global oil & gas pump market accounted for a value of USD 5.4 billion in 2019 and is projected to register growth at a CAGR of 5.5% during forecast period.

COVID-19 has impacted the oil & gas pump market. The oil & gas industry is negatively affected due to outbreak of corona virus. The oil & gas exploration and production activities are significantly impacted due to COVID-19. The projects are getting delayed due to outbreak of pandemic and the supply chain and construction activities are disrupted due to lockdown and travel restriction. The oil & gas pumps market is likely to witness decline due to COVID-19.


Pumps are vital in the oil & gas industry as they are used to displace oil in several instances such as inside refineries and oil drilling rigs. The pumps are used for chemical transfers, injection tasks, steam stripping and gasoline transfers. It is difficult to operate oil & gas industry without pumps. The centrifugal pump type is majorly used in the oil & gas industry.

Market Dynamics (Drivers/Opportunities):

The technological advancement and innovations are rising around the world. The innovation in horizontal drilling and hydraulic fracturing is growing. The utilization of unconventional resources like shale gas & liquids, coal bed methane and tight oil & gas requires pumps. This increases adoption of pumps in oil & gas industry and drives growth in oil& gas pump market during forecast period.

The rising use of natural gas is increasing which requires gas pumps. The governments across various regions are adopting policies to support pertaining of natural gas. The investment in the supply infrastructure of liquid natural gas is increasing around the world. This increases the sales of pumps and drives growth in the oil & gas pumps market during forecast period.

Market Insights, by Type

On the basis of type, the oil & gas pump market is segmented into centrifugal pump, cryogen pump and positive displacement pump. The centrifugal pump segment is estimated to dominate the market during forecast period. The centrifugal pumps are widely used in refineries and are used to transport petroleum and its derived products. The refining capacity is increasing and this increases the demand for centrifugal pumps in refineries. Many refineries are upgrading their existing infrastructure which increases demand for pumps. This drives growth in centrifugal pumps during forecast period.

Market Insights, by Application

On the basis of application, the oil & gas pump market is segmented into upstream, midstream and downstream. The midstream segment is estimated to be largest contributor during forecast period. The oil & gas midstream segment is considered as a critical infrastructure for storage and transport of hydrocarbons. The shale oil & gas production is increasing is increasing immensely in the market which creates need for an expanded midstream network of tankers, terminals, pipelines and rails. The pumps are largely employed in midstream segment in transportation & pipelines, CO2 pipeline, terminals and others. This boosts growth in midstream segment during forecast period.

Regional Insights

Asia-Pacific region is estimated to hold largest market share during forecast period. The China is estimated to grow at highest rate in Asia-Pacific region. The China is major importers of oil & gas and its demand is higher than their production. The adoption of automation is increasing in oil & gas sector which optimum utilization of resources and curbs imports and it helps in reducing human interference and labor cost. There are various stringent labor laws in this region which is a major concern in this region. The demand for oil products is rapidly increasing due economic growth in this region. This increases demand for pumps in oil & gas industry in this region and drives growth in this region during forecast period.

Key Companies & Market Share Insights

The key market players in oil & gas pump industry are Alfa laval, Flowserve, KSB, Sulzer, Weir Group, Grundfos, HMS, Gardner Denver, Xylem, Nikkiso, Schmitt Kreiselpumpen, Trillium Flow Technologies, Atlas Copco, Wilo SE, Corporation E.G., Halliburton, Baker Huges, Groman-Rupp and Ebra Corporation.

Segments Covered in the Report

This report forecasts The Global Oil & Gas Pump Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global oil & gas pump market report on the basis of type, capacity and application.


Oil & Gas Pump Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Oil & Gas Pump Market, By Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Centrifugal Pump
  • Cryogen Pump
  • Positive Displacement Pump
  1. Oil & Gas Pump Market, By Capacity, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Low
  • Medium
  • High
  1. Oil & Gas Pump Market, By End-Users, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Upstream
  • Midstream
  • Downstream
  1. Oil & Gas Pump Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Type
    • By Capacity
    • By End-Users
    • By Country
      • USA
        • By End-Users
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Type
      • By Capacity
      • By End-Users
      • By Country
        • Brazil
          • By End-Users
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Type
        • By Capacity
        • By End-Users
        • By Country
          • UK
            • By End-Users
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Type
          • By Capacity
          • By End-Users
          • By Country
            • China
              • By End-Users
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Type
            • By Capacity
            • By End-Users
            • By Country
              • Saudi Arabia
                • By End-Users
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Baker Huges
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Alfa Laval
    • Flowserve
    • KSB
    • Sulzer
    • Weir Group
    • Grundfos
    • HMS
    • Gardner Denver
    • Xylem
    • Nikkiso
    • Schmitt Kreiselpumpen
    • Trillium Flow Technologies
    • Atlas Copco
    • Wilo SE Corporation E.G.
    • Halliburton
    • Groman-Rupp
    • Ebra Corporation
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista


1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:


1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.


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