Wednesday, 11 January 2017

Pumps Market for Oil and Gas Market - Global Industry Analysis, Size, Share, Growth and Forecast Report To 2016-2020

Market Reports Center Announces the Publication of its Research Report – Global Pumps Market for the Oil and Gas Industry 2016-2020

Market Reports Center recognizes the following companies as the key players in the global pumps market for the oil and gas industry: Flowserve, Grundfos, ITT, KSB, and Sulzer

Other Prominent Vendors in the market are: HMS Group, Schmitt-Kreiselpumpen GmbH & Co.KG, GE Oil and Gas, Alfa Laval, Gardner Denver, Weir Group, LEWA, and Xylem

Commenting on the report, an analyst from Market Reports Center’s team said: “The advent of the digital revolution, which has transformed one industry after another, also affected the industrial automation industry wherein the transformation led to mainframe computers displacing analog controls. These mainframes were soon replaced by microprocessor controllers, which resulted in the first distributed control systems (DCS) and programmable logic controllers (PLC) coming into existence.”
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According to the report, oil and gas refineries represent one of the extensive applications of pumps in the oil and gas industry. In the current scenario of low oil prices, the refinery capacity addition is expected to be slow, however, the projected refining product demand especially from the developing countries will drive of investments in the sector.

Further, the report states that the oil industry is plagued by high volatility. The market dynamics is highly dependent on the prevailing crude oil prices. The industry in its current stage is going through a period of turmoil wherein the prices have fallen sharply and reached an all-time low. This is expected to pose a threat to the pumps market, also because companies have stalled their projects in order to bring down the CAPEX.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

About Pumps for the Oil and Gas Industry

The global oil and gas industry remains volatile with high fluctuations in crude oil prices. This is directly impacting the demand for pumps from the industry, especially through depressed upstream investments in the current scenario of low crude oil prices. The current state of the pumps market in the oil and gas industry can be considered as significantly dormant. The sluggish nature of the market can be attributed to the global crude oil price scenario.
Market Reports Center’s analysts forecast the global pumps market for the oil and gas industry to grow at a CAGR of 3.79% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global t pumps market for the oil and gas industry market for 2016-2020. To calculate the market size, the report considers the demand for different pumps from the oil and gas industry.

The market is divided into the following segments based on geography:
• Americas

Market Reports Center's report, Global Pumps Market the Oil and Gas Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Flowserve
• Grundfos
• Sulzer

Other prominent vendors
  HMS Group
• Schmitt-Kreiselpumpen GmbH & Co.KG
• GE Oil and Gas
• Alfa Laval
• Gardner Denver
• Weir Group
• Xylem

Market driver
• Need for improved and enhanced oil recovery
• For a full, detailed list, view our report

Market challenge
• Investment justification in era of low oil prices
• For a full, detailed list, view our report

Market trend
• Emergence of micro-grid technology
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
About Us:
Market Reports Center is an e-commerce platform obliging the needs of knowledge workers, experts, professionals who are subject to market research information for their work, or to make strategic business decisions. Market Reports Center’s team consistently works to update and extend our existing repository of market research reports by partnering with new publishers and adding their studies to our website.
Media Contact:
Sam Collins
Market Reports Center
Phone No: 1-646-883-3044 (US)

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