Oil and Gas Pumps Market: Product Type, Pump Type, By Application and Region Forecast 2019-2030

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Oil and Gas Pumps Market Size, Share, Growth, Trends, and Global Industry Analysis: Product Type (Submersible Pumps, Non-submersible Pumps), Pump Type (Centrifugal Pump, Positive Displacement Pump, Cryogenic Pump), By Application (Upstream, Midstream, Downstream) and Region Forecast 2019-2030

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Oil And Gas Pumps Market size was valued at US$ 7,012.3 million in 2023 and is expected to grow at a significant CAGR of 5.3% from 2024-2030. The global market provides a detailed overview of market and that can be segmented by Product Type, Pump Type, and Application. By product type, the market has been segmented into Submersible Pumps, Non-submersible Pumps. The submersible pumps segment is likely to be the largest and fastest-growing segment in terms of type. Based on pump type market is segmented into Centrifugal Pump, Positive Displacement Pump, and Cryogenic Pump.  Among these, the centrifugal pump segment is expected to have the fastest-growing market during the forecast period 2023-2029. Based on application, market is segmented into Upstream, Midstream, and Downstream. The upstream segment accounts for the largest share in 2022. Midstream is the second-largest share during the forecast period 2023-2029 according to Precision Business Insights.

Oil And Gas Pumps Market Key Development

  • In September 2020, Alfa Laval won a contract to supply Framo pumping systems for two FPSO (Floating Production, Storage and Offloading) vessels to operate outside the coast of Brazil. The orders have a total value of approximately US$ 16.5 million (SEK 155 million), with deliveries scheduled for 2021. The two orders comprise marine pumping systems for firewater and seawater lift service.

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Oil And Gas Pumps Market Summary

Study Period

2025-2031

Base Year

2024

CAGR

5.3%

Largest Market

Asia-Pacific

Fastest Growing Market

Asia-Pacific

Oil and Gas Pumps Market Dynamics

The growth was possible due to technological innovation in horizontal drilling and hydraulic fracturing. Shale is one of the fastest-growing energy sectors, with a series of discoveries and technological advances.

Oil And Gas Pumps Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2025-2031

Market Size in 2023

US$ 7,012.3 million

Market CAGR

5.3%

By Product Type

  • Submersible Pumps
  • Non-submersible Pumps

By Pump Type

  • Centrifugal Pump
  • Positive Displacement Pump
  • Cryogenic Pump

By Application

  • Upstream
  • Midstream
  • Downstream

By Region

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Key Features of the Report

  • The oil and gas pumps market report provides granular level information about the market size, regional market share, historic market.
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis

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Frequently Asked Questions

The oil and gas pumps market size was valued at US$ 7,012.3 million in 2023 and is expected to grow at a significant CAGR of 5.3% by 2030

The major players in the market are Alfa Laval AB, Flowserve Corporation, Sulzer AG, Weir Group PLC, Baker Hughes Co, Gardner Denver Holdings Inc, Grundfos Holding A/S, ITT Inc., KSB SE & Co. KGaA, Xylem Inc., NOV, Inc.

Asia Pacific is the fastest-growing region market

1. Executive Summary
2. Global Oil and Gas Pumps Market Introduction
2.1. Global Oil and Gas Pumps Market - Taxonomy
2.2. Global Oil and Gas Pumps Market - Definitions
2.2.1. By Product Type
2.2.2. By Pump Type
2.2.3. By Application
2.2.4. By Region
3. Global Oil and Gas Pumps Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Oil and Gas Pumps Market Dynamic Factors - Impact Analysis
3.6. Global Oil and Gas Pumps Market - Competition Landscape
4. Global Oil and Gas Pumps Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Oil and Gas Pumps Market, By Product Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.1. Submersible Pumps
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Non-submersible Pumps
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
6. Global Oil and Gas Pumps Market, By Pump Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
6.1. Centrifugal Pump
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Positive Displacement Pump
6.2.1. Screw Pump
6.2.1.1. Market Analysis, 2016-2020 and Forecast, 2021-2027 (Revenue, USD Mn)
6.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.1.3. Market Opportunity Analysis
6.2.2. Reciprocating pump
6.2.2.1. Market Analysis, 2016-2020 and Forecast, 2021-2027 (Revenue, USD Mn)
6.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.2.3. Market Opportunity Analysis
6.2.3. Rotary & Gear pump
6.2.3.1. Market Analysis, 2016-2020 and Forecast, 2021-2027 (Revenue, USD Mn)
6.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3.3. Market Opportunity Analysis
6.2.4. Progressive Cavity pump
6.2.4.1. Market Analysis, 2016-2020 and Forecast, 2021-2027 (Revenue, USD Mn)
6.2.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.4.3. Market Opportunity Analysis
6.3. Cryogenic Pump
6.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
7. Global Oil and Gas Pumps Market Forecast, By Application, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
7.1. Upstream
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Midstream
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Downstream
7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
8. Global Oil and Gas Pumps Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Oil and Gas Pumps Market - Opportunity Analysis Index, By Product Type, By Pump Type, By Application and Region, 2024 - 2030
9. North America Oil and Gas Pumps Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Submersible Pumps
9.1.2. Non-submersible Pumps
9.2. Pump Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Centrifugal Pump
9.2.2. Positive Displacement Pump
9.2.2.1. Screw Pump
9.2.2.2. Reciprocating pump
9.2.2.3. Rotary & Gear pump
9.2.2.4. Progressive Cavity pump
9.2.3.  Cryogenic Pump
9.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.3.1. Upstream
9.3.2. Midstream
9.3.3. Downstream
9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Oil and Gas Pumps Market - Opportunity Analysis Index, By Product Type, By Pump Type, By Application and Country, 2024 - 2030
9.6. North America Oil and Gas Pumps Market Dynamics - Trends
10. Europe Oil and Gas Pumps Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
10.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Submersible Pumps
10.1.2. Non-submersible Pumps
10.2. Pump Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Centrifugal Pump
10.2.2. Positive Displacement Pump
10.2.2.1. Screw Pump
10.2.2.2. Reciprocating pump
10.2.2.3. Rotary & Gear pump
10.2.2.4. Progressive Cavity pump
10.2.3.  Cryogenic Pump
10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.3.1. Upstream
10.3.2. Midstream
10.3.3. Downstream
10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Rest of Europe
10.5. Europe Oil and Gas Pumps Market - Opportunity Analysis Index, By Product Type, By Pump Type, By Application and Country, 2024 - 2030
10.6. Europe Oil and Gas Pumps Market Dynamics - Trends
11. Asia-Pacific Oil and Gas Pumps Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
11.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Submersible Pumps
11.1.2. Non-submersible Pumps
11.2. Pump Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Centrifugal Pump
11.2.2. Positive Displacement Pump
11.2.2.1. Screw Pump
11.2.2.2. Reciprocating pump
11.2.2.3. Rotary & Gear pump
11.2.2.4. Progressive Cavity pump
11.2.3.  Cryogenic Pump
11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.3.1. Upstream
11.3.2. Midstream
11.3.3. Downstream
11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. China
11.4.2. India
11.4.3. Japan
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Oil and Gas Pumps Market - Opportunity Analysis Index, By Product Type, By Pump Type, By Application and Country, 2024 - 2030
11.6. Asia-Pacific Oil and Gas Pumps Market Dynamics - Trends
12. Latin America Oil and Gas Pumps Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
12.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Submersible Pumps
12.1.2. Non-submersible Pumps
12.2. Pump Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Centrifugal Pump
12.2.2. Positive Displacement Pump
12.2.2.1. Screw Pump
12.2.2.2. Reciprocating pump
12.2.2.3. Rotary & Gear pump
12.2.2.4. Progressive Cavity pump
12.2.3.  Cryogenic Pump
12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.3.1. Upstream
12.3.2. Midstream
12.3.3. Downstream
12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Oil and Gas Pumps Market - Opportunity Analysis Index, By Product Type, By Pump Type, By Application and Country, 2024 - 2030
12.6. Latin America Oil and Gas Pumps Market Dynamics - Trends
13. Middle East and Africa Oil and Gas Pumps Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
13.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Submersible Pumps
13.1.2. Non-submersible Pumps
13.2. Pump Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Centrifugal Pump
13.2.2. Positive Displacement Pump
13.2.2.1. Screw Pump
13.2.2.2. Reciprocating pump
13.2.2.3. Rotary & Gear pump
13.2.2.4. Progressive Cavity pump
13.2.3.  Cryogenic Pump
13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.3.1. Upstream
13.3.2. Midstream
13.3.3. Downstream
13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Oil and Gas Pumps Market - Opportunity Analysis Index, By Product Type, By Pump Type, By Application and Country, 2024 - 2030
13.6. MEA Oil and Gas Pumps Market Dynamics - Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Alfa Laval AB
14.2.2. Flowserve Corporation
14.2.3. Sulzer AG
14.2.4. Weir Group PLC
14.2.5. Baker Hughes Co
14.2.6. Gardner Denver Holdings Inc
14.2.7. Grundfos Holding A/S
14.2.8. ITT Inc.
14.2.9. KSB SE & Co. KGaA
14.2.10. Xylem Inc.
14.2.11. NOV, Inc.
15. Research Methodology
16. Key Assumptions and Acronyms

Key Market Players

  • Alfa Laval AB
  • Flowserve Corporation
  • Sulzer AG
  • Weir Group PLC
  • Baker Hughes Co
  • Gardner Denver Holdings Inc
  • Grundfos Holding A/S
  • ITT Inc.
  • KSB SE & Co. KGaA
  • Xylem Inc.
  • NOV, Inc.

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