Description
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
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Technavio'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
•
APAC
•
EMEA
Technavio'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
•
ITT
•
KSB
•
Sulzer
Other prominent vendors
•
HMS Group
•
Schmitt-Kreiselpumpen GmbH & Co.KG
•
GE Oil and Gas
•
Alfa Laval
•
Gardner Denver
•
Weir Group
•
LEWA
•
Xylem
View Full Report at- https://www.radiantinsights.com/research/global-pumps-market-for-oil-and-gas-industry-2016-2020
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
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