Oil & Gas Pumps Market is expected to grow at a CAGR of 4.4% during the next five years, according to a newly added report by Stratview Research. Increasing unconventional resources in North America, South America, and the Asia-Pacific region along with the development of gas terminals are the major factors driving the growth of the oil & gas pumps market.
The report offers detailed insights into relevant market segments, their growth rates, latest market trends, forecasts, and other essential details. The market has been segmented in three ways and the report has more than 150 figures and tables providing the most comprehensive information about the market segments and their growth prospects for the forecast period of 2020-2025.
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As per the report, among different application types, the midstream segment is expected to dominate the market during the forecast period. The growth of unconventional resources has led to the need for expanded midstream networks of pipelines, rails, tankers, and terminals for ease in transportation, which is the major factor behind the dominance of the midstream segment.
The centrifugal pump segment is projected to register the largest share of the market in the coming five years, in the segment of type.
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North America is expected to remain the largest market for oil & gas pumps in the coming five years, according to the analyst. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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The report further mentions the key manufacturing players Alfa Laval AB, The Flowserve Corporation, Gardner Denver Holdings, Inc, GE Oil & Gas, KSB Aktiengesellschaft, Sulzer Ltd., and Schmitt Centrifugal Pumps GmbH & Co. KG who are emerging fast and their roles in the growing market. It also portraits the important mergers, acquisitions, and other current happenings in the oil & gas pumps market that can be helpful for interested clients in analyzing the market and making the right decisions accordingly.
Salient Features of the Report
The report on Oil & Gas Pumps Market is a well-researched work after analyzing various data from different reliable sources. The report included some of the salient features such as:
- Market structure,
- Market environment analysis,
- Market trend and forecast analysis,
- Market segment trend and forecast,
- Competitive landscape and dynamics,
- Attractive market segments and associated growth opportunities,
- Emerging trends,
- Strategic growth opportunities for the existing and new players,
- Key success factors
About Stratview Research:
Stratview Research is a global research company offering custom research and market research reports for interested clients in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Healthcare & Life Sciences, and Oil & Gas. All the reports generated are based on proper data collected from reliable sources and are scrutinized carefully before releasing so that the interested clients and companies can make the most out of it.
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