Global Oil Refining Pumps Market Is Growing At A CAGR Of 3.3% From 2022 To 2032

Industry Insights

The global demand for oil refining pumps is expected to surpass 3 million tons by 2018 end, according to a latest Fact.MR report on oil refining pumps market. Rising oil and gas production, and increase in petroleum-based power generation are driving oil refining pumps demand. The oil supply has sharply increased from Russia, Middle East, and the US, compensating for fall in oil production in Iran and Venezuela.

The latest industry analysis and survey on Oil Refining Pumps provides sales outlook in 20+ countries, across key categories. Insights and outlook on Oil Refining Pumps market drivers, trends, and influencing factors are also included in the study.

Moreover, it also gives meaningful as well as actionable insights on the competitive analysis of Oil Refining Pumps Market that are developing the current market scenario and which will be lucrative for the future demand of Oil Refining Pumps Market.

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Competitive Landscape: Top Companies in Oil Refining Pumps Market

The global oil refining pumps market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced oil refining pumps.

Fact.MR has provided detailed information about price points of top manufacturers of oil refining pumps market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

  • Weir Group won a 3-year contract in 2020, from a national oil company in the UAE to repair and service motor and pumps.
  • Alfa Laval in 2020, won a supply contract to supply Framo pumping systems for two Floating Production Storage and Offloading (FPSO) vessels which comprises marine pumping systems for seawater and firewater lift service, operating outside the coast of Brazil

Global Oil Refining Pumps Market by Category

  • By Product Type :

    • Centrifugal Pumps
      • Single Stage
      • Multi-Stage
      • Axial and Mixed
      • Submersible
      • Seal less and Circular
    • Reciprocating Pumps
      • Piston
      • Plunger
      • Diaphragm
    • Rotary Pumps
      • Gear
      • Vane
      • Screw
      • Lobe
      • Progressive Cavity Pumps
      • Piston
      • Peristaltic
  • By Capacity :

    • Small (Up to 500 gpm)
    • Medium (500-1,000 gpm)
    • High (More than 1,000 gpm)
  • By Application :

    • Refinery Process Oil Refining Pumps
    • Water Circulating Oil Refining Pumps
    • Special Purpose Oil Refining Pumps
    • Water/Wastewater Oil Refining Pumps
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia
    • Oceania
    • MEA

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