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Research Reports Pumps and Valves Market 2015 - 2023

The global oil and gas industry is the backbone of some of the most important industries in the world, take for instance fuel and power generation. The mounting global demand for oil and gas has led to several new exploration and production projects
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Pumps and Valves Market for Oil and Gas
Industry - Global Industry Analysis,
Market Size, Share, Growth, Trends and
Forecast 2015 - 2023
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Increasing production of oil and gas coupled with the need to transport and refined them is expected to
fuel the global pump and valves market for oil and gas industry. Hence, the global pumps and valves
market is anticipated to experience a boom during the forecast period.
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A device used to move fluids using mechanical fore is known as a pump. A valve is used to control and
directs the flow of fluids through a pipe. Pumps and valves are very essential for economical and safe
operations. Pumps and valves are used in upstream, midstream and downstream operations. In upstream
operations, pumps can be used for artificial lift, pumping drilling fluids, etc. in midstream and downstream
operations, pumps are used to increase the pressure of crude oil or refined products in pipelines. Valves
are used for flow control of crude oil or refined products in upstream, midstream and downstream
operations. The type and size of pump and valves used for a particular application depends upon the type
of fluids and operating as well as environmental conditions. For example, pumps and valves used in subsea
operations have to withstand harsh subsea conditions whereas in onshore operations, the conditions are
less severe.
The global pumps and valves market for oil and gas industry can be segmented on the basis of application
into onshore and offshore. The pumps and valves used for offshore applications are exposed to harsh
conditions such as high temperature and high pressure. Hence, they should be able to withstand such
harsh conditions for safe and reliable operations. Onshore segment is expected to dominate the global
pumps and valves market for oil and gas industry due to large number of exploration activities and new
pipeline projects are going on for production and transportation of oil and gas. On the basis of pump type,
the global pumps and valves market for oil and gas industry can be segmented into positive displacement
pump and centrifugal pumps. The global pumps and valves market for oil and gas industry can be
segmented on the basis of type of valves into needle valve, ball valve, gate valve, check valve, and others.
Growing energy demand has force oil and gas industry to increase the production of oil and gas. These
produced fluids need to be transported over long distance. This has resulted into construction of long
distance pipelines for oil and gas. This ultimately increases the demand of pumps and valves. Moreover,
the use of artificial lift for economical production of oil from wells is also boosting the global pumps and
valves market. The market is expected to grow during the forecast period owing to these factors. A large
number of planned projects for production and transportation of oil and gas in the coming years provides a
great opportunity to the global pumps and valves market for oil and gas industry.
Some of the key players in the global pumps and valves market for oil and gas industry are SPP Pumps,
Flowserve Corporation, CORTEC, LLC, The Weir Group PLC, DAFRAM S.p.A., LEWA GmbH, Cameron, Cornell
Pump Company, Oliver Valves Limited, PetrolValves, BuTech, FMC Technologies Inc., PERAR s.p.a, Sulzer
Ltd. and L.B. Bentley Limited among others.
This research report analyzes this market on the basis of its market segments, major geographies, and
current market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Middle East and Africa
Latin America
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market players and new entrants
along with detailed value chain analysis.
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of
It helps in making informed business decisions by having complete insights of market and by
making in-depth analysis of market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segments
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