An exclusive market study published by Fact.MR on the Oil Refining Pumps market offers insights related to how the market is projected to grow over the forecast period (2019-2029). The objective of the report is to enable our readers to understand the various aspects of the Oil Refining Pumps market and assist them to formulate impactful business strategies. Furthermore, the different factors that are expected to influence the current and future dynamics of the Oil Refining Pumps market are discussed in the presented study.
According to the report, the Oil Refining Pumps market is set to reach a market value of ~US$ XX by the end of 2029 and register a CAGR growth of ~XX% during the assessment period. The report offers an in-depth understanding of the Oil Refining Pumps supply chain, value, and volume chain across the various regional markets.
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Important Insights Enclosed in the Report:
- Technological developments within the Oil Refining Pumps market sphere
- Growth prospects for new market players across different regions
- Company profiles of leading players in the Oil Refining Pumps market
- Up-to-date insights related to the key success factors impacting the growth of the Oil Refining Pumps market
- Recent mergers, acquisitions, partnerships, and strategic alliances
The published report provides a deep understanding of the Oil Refining Pumps market by segregating the market into different segments such as region, application, and end-use industry.
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Oil Refining Pumps Market Segmentation
The regional analysis of the Oil Refining Pumps market dives deep to understand the market scenario in different regions. The market size, share, and value of each regional market is analyzed and presented in the report along with informative tables and figures.
The report offers a clear picture of how the Oil Refining Pumps is utilized in various applications. The different applications covered in the report include:
By End-Use Industry
The end-use industry assessment throws light on the consumption of the Oil Refining Pumps across various end-use industries including:
The competitive landscape in the report on oil refining pumps market provide details on the leading players in the market. This section includes compelling insights on the latest developments, key strategies, new product launches, and focus areas of the major players in the oil refining pumps market. A dashboard view along with the SWOT analysis of companies in the oil refining pumps market is also included in the report.
Key developments in oil refining pumps market by major players,
- Xylem recently signed a MoU with Ethiopia’s Ministry of water, irrigation, and energy to improve water-security standards by providing additional sewage coverage and water-system optimization services.
- Grundfos is planning to open its third pump production unit in India by 2020. Meanwhile, the company has already opened a new facility in Florida to serve water and wastewater industry.
- KSB has added new submersible borehole pumps to its product portfolio. The newly launched pumps are capable of handling flow rate of up to 5000 m³ per hour.
- Alfa Laval has won two orders to supply pumping systems for oil platforms in North Sea. The combined value of the orders is approximately SEK 175 million. The order includes offshore pumping system for injection of seawater in production wells and for firewater.
- Gardner Denver Holdings Inc. has acquired DV systems. The acquisition will support the company to expand in Canadian market and leverage the company’s operational, commercial and R&D capabilities.
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Oil refining pumps are used to transfer fluid from one location to another. Various types of oil refining pumps are centrifugal pumps, rotary pumps, and reciprocating pumps. Different types of oil refining pumps are integrated in the refining system for a specific purpose and play an important role in purifying and transporting different fluids.
About the Report
The report on oil refining pumps market provides key insights and forecast on the market. The important factors in the oil refining pumps market influencing the growth are also offered in the report. The objective of the report is to offer authentic information on the oil refining pumps market, enabling the readers to plan business strategies accordingly. The report also focuses on the challenges in the oil refining pumps market and growth opportunities for market participants.
The oil refining pumps market is segmented on the basis capacity, product type, application, and pumps characteristics. These major segments are further divided into sub-segments to offer clear picture on the oil refining pumps market.
Based on the capacity, the market is segmented into small (upto 500 gpm), medium (500-1000 gpm), and high (more than 1000 gpm). On the basis of product type, oil refining pumps market is segmented into reciprocating pumps, centrifugal pumps, and rotary pumps.
By application, the oil refining pumps market is segmented into refinery process, water circulating, special purpose, and water/wastewater. Based on pump characteristics, the oil refining market segment includes standard pumps, engineered pumps, and special purpose pump.
Additional Questions Answered
The report on the oil refining pumps market also offers answers to some important questions.
- What will be the revenue share of centrifugal pumps in the oil refining pumps market?
- Which region is expected to dominate the oil refining pumps market?
- Which type of pumps based on capacity will witness highest growth in oil refining pumps market?
- Which country in APAC will witness significant growth in oil refining pumps market?
The report on the oil refining pumps market provides critical information on the market with the help of constructive research methodology. The research methodology to gain actionable and valuable insights on the oil refining pumps market includes both primary and secondary research. Interviews were conducted with the oil refining pumps market experts to gain important information on the growth of the oil refining pumps market along with the forecast. The insights garnered in the report are also cross-validated by interactions with industry experts during primary research.
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Important queries addressed in the Oil Refining Pumps market report:
- How will the evolving trends impact the growth of the Oil Refining Pumps market over the forecast period?
- Which companies are currently dominating the Oil Refining Pumps market in terms of market share?
- How can market players capitalize on the lucrative opportunities in Region 1?
- What is the projected growth rate of the Oil Refining Pumps market in various regions during the forecast period?
- Is the current market scenario favorable for the growth of new market players?
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