Global Oil and Gas Pumps Market, 2019

Global Oil and Gas Pumps Market, 2019

With Short-term Economic Setbacks, There is a Need to Curtail Operating Costs and Improve Well Productivity to Solidify Pump Sales and Boost the Adoption of Industrial Internet of Things (IIoT) Based Solutions in the Long Run

RELEASE DATE
17-Mar-2020
REGION
Global
Research Code: K3DC-01-00-00-00
SKU: IA01573-GL-MR_24168

$4,950.00

Special Price $3,712.50 save 25 %

In stock
SKU
IA01573-GL-MR_24168

$4,950.00

$3,712.50 save 25 %

DownloadLink

Pay by invoice

ENQUIRE NOW

Description

The aim of this research study is to identify and analyze various market trends impacting and influencing the pumps landscape in the oil and gas industry. Oil price volatility, economic uncertainties, trade conflict, and political tensions have severely affected the investment sentiment in the oil and gas industry. Moreover, the increasing concern toward well productivity and Operational Expenditure (OPEX), especially in shale reserves, has caused momentary roadblocks in the upstream activities. In this study, Frost & Sullivan correlates various political, economic, and technological factors that have a direct impact on the growth of the pumps industry and those that cause a roadblock in pushing order volumes. The sales of pumps is assessed across 3 segments of the oil and gas industry, namely upstream, midstream, and downstream. An in-depth analysis of pumps types that include centrifugal and Positive Displacement (PD) is offered in the study where its impact across regions and the 3 segments of the oil and gas industry is discussed. Furthermore, the competitive assessment of pumps in the oil and gas industry offers insights on the leading market participants and pivotal factors that enable to outperform in this market. Additionally, 5 major growth opportunities are identified for pump manufacturers in the oil and gas industry that will enable to unlock new revenue streams.

This research embraces a specific methodology that includes discussion with the senior management of pump manufacturers both in PD and centrifugal, and oil and gas enterprises and is supported by secondary research.


Research Highlights

  • In-depth analysis with market sizing of product segments: centrifugal pumps: single stage, multi stage, axial and mixed, submersible and seal-less and circulator; and positive displacement (PD) pumps: diaphragm, piston, gear, lobe, vane, progressive cavity, screw and peristaltic
  • Regional perspective includes North America, Europe, the Middle East and Africa, Asia-Pacific, and Latin America
  • End-user market is focused on oil and gas, capturing upstream, midstream, and downstream sectors
  • New product capabilities: Energy-efficient pumps, smart pumps and pump monitoring solutions

This research also discusses the role of disruptive technologies, such as Industrial Internet of Things (IIoT) and its role in addressing some of the pressing concerns of oil and gas enterprises such as energy efficiency, cutting down operational costs, enhancing production efficiency, and improving profitability. This study discusses the need for new-age pumps that are embedded with smart and intuitive features enabling plant engineers to redefine plant maintenance strategy by enhancing pump efficiency and its consequent impact on the production throughput. Oil and gas companies, known for their conservative approach, are gradually exploring new methods such as digital transformation, to remain competitive and relevant in this cut-throat business environment. This beginning is expected to be witnessed at plant-level assets and particularly support IoT-based pump solutions that are used in critical operation.

Key Issues Addressed

  • What is the market size of pumps in the oil and gas industry? What are its growth prospects in the short, medium, and long terms?
  • What are the key drivers and restraints influencing the pump industry growth in oil and gas?
  • Which are the key market participants? What is their market share? Is it falling or increasing? How are they differentiating from others?
  • Are there any transformational growth opportunities in this mature market? What are they, and how can pump companies capitalize on the same?
  • Do existing pump products and associated services offered in the market meet customer requirements? Are there any market gaps? Is there a need for further development?
  • What is the future of the pumps industry? Will there be new business models?

?Author: Kiravani Emani

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
Click image to view it in full size

Table of Contents

Key Findings

Key Findings (continued)

Market Engineering Measurements

Market Engineering Measurements (continued)

CEO’s Perspective

Research Scope

Key Questions this Study will Answer

Market Segmentation

Market Segmentation (continued)

Market Distribution Channels

Market Drivers

Drivers Explained

Drivers Explained (continued)

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Restraints Explained (continued)

Restraints Explained (continued)

Market Engineering Measurements

Market Engineering Measurements (continued)

Forecast Assumptions

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast by Application

Revenue Forecast Discussion by Application

Oil and Gas Industry—Oil Price Analysis

Oil and Gas Industry—Shift Toward a Carbon Neutral Economy

Oil and Gas Industry—Global Rig Count

Percent Revenue Forecast by Region

Revenue Forecast by Region

Revenue Forecast Discussion by Region

Revenue Forecast Discussion by Region (continued)

Percent Revenue Forecast by Distribution Channel

Percent Revenue Forecast Discussion by Distribution Channel

Market Share

Market Share Analysis

Competitive Environment

Competitive Factors and Assessment

5 Major Growth Opportunities

Growth Opportunity 1—Energy-efficient Pumps

Growth Opportunity 2—Pump Real-time Monitoring

Growth Opportunity 3—New Business Models

Growth Opportunity 4—Industrial Mobility

Growth Opportunity 5—Pump Analytics

Strategic Imperatives for Success and Growth

Mega Trends’ Impact on the Market

Mega Trends’ Impact on the Market (continued)

Mega Trends Explained

Mega Trends Explained (continued)

Centrifugal Pumps Segment Key Findings

Market Engineering Measurements

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast by Pump Type

Revenue Forecast Discussion by Pump Type

PD Pumps Segment Key Findings

Market Engineering Measurements

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast by Pump Type

Revenue Forecast Discussion by Pump Type

North America—Key Findings

Revenue Forecast

Revenue Forecast Discussion

Revenue Forecast Discussion (continued)

Europe—Key Findings

Revenue Forecast

Revenue Forecast Discussion

The Middle East and Africa—Key Findings

Revenue Forecast

Revenue Forecast Discussion

Asia-Pacific—Key Findings

Revenue Forecast

Revenue Forecast Discussion

Latin America—Key Findings

Revenue Forecast

Revenue Forecast Discussion

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

Additional Sources of Information on This Study Topic

List of Companies in “Others”

List of Companies in “Others” (continued)

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Related Research
The aim of this research study is to identify and analyze various market trends impacting and influencing the pumps landscape in the oil and gas industry. Oil price volatility, economic uncertainties, trade conflict, and political tensions have severely affected the investment sentiment in the oil and gas industry. Moreover, the increasing concern toward well productivity and Operational Expenditure (OPEX), especially in shale reserves, has caused momentary roadblocks in the upstream activities. In this study, Frost & Sullivan correlates various political, economic, and technological factors that have a direct impact on the growth of the pumps industry and those that cause a roadblock in pushing order volumes. The sales of pumps is assessed across 3 segments of the oil and gas industry, namely upstream, midstream, and downstream. An in-depth analysis of pumps types that include centrifugal and Positive Displacement (PD) is offered in the study where its impact across regions and the 3 segments of the oil and gas industry is discussed. Furthermore, the competitive assessment of pumps in the oil and gas industry offers insights on the leading market participants and pivotal factors that enable to outperform in this market. Additionally, 5 major growth opportunities are identified for pump manufacturers in the oil and gas industry that will enable to unlock new revenue streams. This research embraces a specific methodology that includes discussion with the senior management of pump manufacturers both in PD and centrifugal, and oil and gas enterprises and is supported by secondary research.--BEGIN PROMO--

Research Highlights

  • In-depth analysis with market sizing of product segments: centrifugal pumps: single stage, multi stage, axial and mixed, submersible and seal-less and circulator; and positive displacement (PD) pumps: diaphragm, piston, gear, lobe, vane, progressive cavity, screw and peristaltic
  • Regional perspective includes North America, Europe, the Middle East and Africa, Asia-Pacific, and Latin America
  • End-user market is focused on oil and gas, capturing upstream, midstream, and downstream sectors
  • New product capabilities: Energy-efficient pumps, smart pumps and pump monitoring solutions

This research also discusses the role of disruptive technologies, such as Industrial Internet of Things (IIoT) and its role in addressing some of the pressing concerns of oil and gas enterprises such as energy efficiency, cutting down operational costs, enhancing production efficiency, and improving profitability. This study discusses the need for new-age pumps that are embedded with smart and intuitive features enabling plant engineers to redefine plant maintenance strategy by enhancing pump efficiency and its consequent impact on the production throughput. Oil and gas companies, known for their conservative approach, are gradually exploring new methods such as digital transformation, to remain competitive and relevant in this cut-throat business environment. This beginning is expected to be witnessed at plant-level assets and particularly support IoT-based pump solutions that are used in critical operation.

Key Issues Addressed

  • What is the market size of pumps in the oil and gas industry? What are its growth prospects in the short, medium, and long terms?
  • What are the key drivers and restraints influencing the pump industry growth in oil and gas?
  • Which are the key market participants? What is their market share? Is it falling or increasing? How are they differentiating from others?
  • Are there any transformational growth opportunities in this mature market? What are they, and how can pump companies capitalize on the same?
  • Do existing pump products and associated services offered in the market meet customer requirements? Are there any market gaps? Is there a need for further developm
More Information
No Index No
Podcast No
Author Kiravani Emani
Industries Industrial Automation
WIP Number K3DC-01-00-00-00
Is Prebook No
GPS Codes 9593,9420