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Dive into the growth of the oil and gas pumps market, reaching $18.3 billion by 2028 with an 8.0% CAGR. This comprehensive market is segmented into centrifugal, positive displacement, cryogenic.<br>
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Oil And Gas Pumps Global Market Report 2023 Market Size, Trends and Global Forecast 2023-2032
Oil And Gas Pumps Market Segments The Business Research Company segments it’s Oil And Gas Pumps market report as: Centrifugal, Positive Displacement, Cryogenic By Type By Capacity Small (up to 500 gpm), Medium (500-1000 gpm), High (more than 1000 gpm) By Application Upstream, Midstream, Downstream
Market Statistics The oil and gas pumps market size has grown strongly in recent years. It will grow from $12.55 billion in 2023 to $13.45 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The oil and gas pumps market size is expected to see strong growth in the next few years. It will grow to $18.3 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. Click Here To Get A Sample Report
Key Market Drivers And Trends • Drivers The development of oil and gas pipeline infrastructure contributed to the growth of the oil and gas pumps market. Trends Internet of Things (IoT) in oil and gas refineries is an emerging trend in the oil and gas pumps market. • Region Asia-Pacific was the largest region in the oil and gas pumps market in 2023. The regions covered in the oil and gas pumps market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Market Players • Major players in the Oil And Gas Pumps market are: • KSB SE & Co. KGaA • Flowserve Corporation • Sulzer Ltd • Xylem Inc • Alfa Laval AB • And more. Get More Information On The Oil And Gas Pumps Market Report
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