Oil Refining Pumps Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028

Published on : Dec-2018 | List of Tables : 84 | List of Figures : 87 | No. of Pages : 170 | Report Code : FACT2434MR |

Key Insights

Top 6 Players Account for Nearly 45% of Oil Refining Pumps Market Share

The top 6 players in the oil refining pumps market account for nearly 45% share. With diverse product portfolio, leading players in oil refining pumps market are planning to consolidate their position globally. New product launches, acquisitions, and strategic partnerships are some of the key strategies of the leading players.

Leading players in the market are also focusing on integrating new technologies in their products to meet the evolving need of end-users. Xylem, Flowserve Corporation, KSB SE & Co. KGaA, Weir Group, Sulzer Ltd., and GRUNDFOS are among the top players in the oil refining pumps market.

Fact.MR’s study offers incisive insights on the oil refining pumps market. A summary of the report is available upon request.

Surge in Global Oil Demand to Drive Oil Refining Pumps Market Growth

According to the International Energy Agency (IEA), the global demand for oil is likely to rise 1.5 million b/d to 99.3 million b/d in 2018. Moreover, the demand for power is growing in developing regions, and heavy dependence on oil to meet the demand is likely to result in development of oil refineries, thereby, driving oil refining pumps sales.

As per the World Oil Outlook 2040 report by Organization of Petroleum Exporting Countries, OPEC member countries remain committed to supporting investment in construction of pipelines and building expansion of oil refineries and terminals. Moreover, energy demand in developing countries is likely to grow at an average rate of 1.9% p.a. during 2015-2040.

global oil refining pumps market market share dollar opportunity

Refineries are also likely to produce more distillate fuels blended with off-spec fuel oil. Growth in the US natural gas liquid and crude oil in recent years is resulting in rise in direct capital investment in oil and gas infrastructure.

Spain, Italy, and Germany are home to crude oil refining industry in Europe, with high refining capacity. Increasing demand for crude oil in these countries is also contributing to growing investment in oil refineries, resulting in increased demand for oil refining pumps.

Smart Oil Refining Pumps Gaining Traction

Digitization is steadily gaining traction in the oil and gas sector leading to cost-saving and profitability. Smart pumps are gaining popularity in the oil refineries across the globe. Industrial Internet of Things (IIoT) -enabled pumps and energy-efficient oil refining pumps are being introduced in the oil refining pumps market.

Pump manufacturers are integrating IIoT in their products to help oil refineries optimize operations and avoid unplanned outages. Players are focusing on adding smart technology to avoid outages and reduce processing costs. This trend is more pronounced in emerging nations.

Stringent regulations on energy consumption and pollution are also accelerating the adoption of intelligent oil refining pumps. Of particular significance is the growing adoption of wireless technology in data collection and data optimization. The demand for smart oil refinery pumps in oil refineries is growing to monitor flow rate, pipe thickness, pressure, and more.

Shift to Electric Vehicles Can Impact Sales

With the strict regulation of emissions worldwide, major oil companies are focusing on increasing their investments in low-carbon and non-fossil fuel energy sources. A significant percentage of oil-based power production comes from oil refineries. However, with few exceptions in the OECD countries, the use of petroleum products in power generation is declining.

Europe is witnessing a rapid transformation of energy system from oil and coal-based to renewables. Petroleum products from oil refineries are used on a large scale in the transportation sector. However, Electric Vehicles (EV) going mainstream in various countries will impact the oil refineries. Moreover, countries like the UK and France are planning to stop selling diesel and gasoline vehicles by 2040. A projected decline in petroleum demand is likely to impact the production, which in turn, is likely to impede sales of oil refining pumps.

The demand for refinery products such as marine fuel, jet fuel, and other products used in petrochemicals with no credible low-carbon substitute is likely to remain positive, thereby resulting in growing demand for oil refining pumps used in refineries.

Expanding Oil Refinery Capacity in Developing Regions to Create Growth Opportunities

global oil refining pumps market production and trade canvas

Fueled by growing demand from transportation and industrial sector, countries like India and China are focusing on increasing their refining capacity in the coming years. Oil companies in Southeast Asia are also pumping billions in expansion of downstream refining capacity to meet energy security targets. According to the Energy Information Administration (EIA), India will maintain its status quo as the fastest growing petroleum products market in Asia.

Steady demand from transportation industry is driving demand for crude oil in Southeast Asia. New refining investments are being made by state-run companies in Malaysia, Thailand, and Indonesia. Vietnam is also moving towards major refinery expansions.

The Middle-East region is likely to emerge as the global refining hub in the coming years with refining capacity expansion and modernization of existing refineries. Crude oil imports in India is also growing with increasing demand for heavier grades of crude by refineries in India.

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Competitive Landscape

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.  

For full coverage of the competitive landscape, get in touch with our experts

Definition

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.

Market Segmentation

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.

global oil refining pumps market taxonomy

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?

Research Methodology

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.

Request methodology of this Report.

The oil refining pumps market has been systematically analyzed in the latest research report offered by Fact.MR on oil refining pumps market. The study includes valuable insights along with the factors impacting the growth of the oil refining pumps market growth. The report also provides historical data along with the forecast on the oil refining pumps market. The data and information provided in the report is based on the primary and secondary research. The information on the competitive landscape in oil refining pumps market is also offered in the report.

Chapter 1- Executive Summary

This chapter in the report includes market overview along with the opportunity assessment of the oil refining pumps market.

Chapter 2- Oil Refining Pumps Market Introduction

This chapter offers a brief introduction on the oil refining pumps market. The report also provides product specific definition of oil refining pumps along with the market taxonomy.

Chapter 3- Market Dynamics

This section in the report provides details on market dynamics including growth opportunities, drivers, latest trends, and challenges in the oil refining pumps market.

Chapter 4- Associated Industry Assessment

This chapter in the report provides pumps market overview along with the analysis and forecast on region and product type. The report also includes market attractiveness analysis based on the product type.

Chapter 5- Key Indicator Assessment

This section of the report focuses on supply chain, cost structure, and macro-economic factors influencing the demand in the oil refining pumps market.

Chapter 6- Oil Refining Pumps Market Analysis and Forecast

This chapter provides market outlook, pricing analysis, and forecast scenario of the oil refining pumps market. The chapter also includes segment-wise analysis on basis of capacity, product type, pump characteristics, and application. These segments are further bifurcated into sub-segments in the report.

Chapter 7- North America Oil Refining Pumps Market Analysis

This chapter in the report provides key insights on the oil refining pumps market in North America. Country-wise analysis along with the market share and BPS analysis is also offered in the report.

Chapter 8- Oil Refining Pumps Market in Latin America

This chapter in the report offers important information on the growth opportunities for the manufacturers in the oil refining pumps market in Latin America. The report also focuses on all the important factors influencing the growth in the oil refining pumps market in Latin America along with the growth in key countries.

Chapter 9- Western Europe Oil Refining Pumps Market Analysis

This chapter in the report provides oil refining pumps market outlook in Western Europe. Important numbers in the form of year-on-year growth, value and volume is also provided in the report on oil refining pumps market in Western Europe.

Chapter 10- Oil Refining Pumps Market in Eastern Europe

The chapter offers analysis of the oil refining pumps market in Eastern Europe based on the key countries. Market share, BPS analysis, and year-on-year growth is also provided in the report on oil refining pumps market in Eastern Europe.

Chapter 11- APAC Oil Refining Pumps Market Analysis

This chapter in the report provides historical data and forecast on the oil refining pumps market in the APAC region. The report also highlights the latest trends, drivers, and challenges in the oil refining pumps market in APAC.

Chapter 12- MEA Oil Refining Pumps Market

This section in the report focuses on the growth opportunities for key manufacturers in the oil refining market in MEA. Country-wise analysis is also provided in the report.

Chapter 13- Competitive Assessment

This chapter includes market structure and a dashboard view of the major players in the oil refining pumps market. The chapter also offers oil refining pumps market company share analysis.

Chapter 14- Company Profiles

This chapter offers a detailed profiles of the leading companies in the oil refining market. The report also focuses on latest developments, new products, key strategies adopted by the key players in the oil refining pumps market.

1. Oil Refining Pumps Market- Executive Summary
   1.1. Market Overview
   1.2. FMR Analyzed
   1.3. Oil Refining Pumps Market Opportunity Assessment
        1.3.1. Winning and Losing Components
   1.4. Market White Spaces Analysis and Wheel of Fortune Opportunity Analysis

2. Global Oil Refining Pumps Market Introduction
   2.1. Introduction & Definition
   2.2. Market Taxonomy

3. Market Dynamics
   3.1. Key Market Trends and Drivers
   3.2. Key Challenges

4. Associated Industry Assessment
   4.1. Global Pumps Market Overview
        4.1.1. Global Pumps Market Analysis (US$ Mn and Units) and Forecast, 2013-2028
        4.1.2. Global Pumps Market Analysis and Forecast by Region, 2018 & 2028
        4.1.3. Global Pumps Market Analysis and Forecast by Product Type, 2018 & 2028
               4.1.3.1. Centrifugal Pumps
               4.1.3.2. Reciprocating Pumps
               4.1.3.3. Rotary Pumps
        4.1.4. Market Attractiveness Analysis by Product Type

5. Key Indicator Assessment
   5.1. Supply Chain
        5.1.1. Oil Refining Pumps Manufacturers
        5.1.2. Pumps Manufacturers
        5.1.3. Distributors/Suppliers
        5.1.4. End Users
   5.2. Cost Structure
   5.3. Macro-Economic Factors Influencing Demand

6. Global Oil Refining Pumps Market Analysis (2013-2017) and Forecast (2018-2028)
   6.1. Global Market Outlook
        6.1.1. Market Value (US$ Mn), Volume (Units) Forecast and Y-o-Y Growth, 2013-2028
        6.1.2. Market Absolute $ Opportunity, 2013-2028
   6.2. Pricing Analysis
        6.2.1. Price Index and Price Point Assessment
        6.2.2. Price Point Assessment by Capacity, 2017
   6.3. Forecast Scenario
        6.3.1. Forecast Factors and Relevance of Impact
   6.4. Global Oil Refining Pumps Market Analysis by Capacity
        6.4.1. Introduction
        6.4.2. Value (US$ Mn), Volume (Units) and Forecast by Capacity
               6.4.2.1. Small (upt500 gpm)
               6.4.2.2. Medium (500-1000 gpm)
               6.4.2.3. High (more than 1000 gpm)
        6.4.3. Market Share and BPS Analysis by Capacity
        6.4.4. Y-o-Y Growth Comparison by Capacity
        6.4.5. Absolute $ Opportunity by Capacity
        6.4.6. Market Attractiveness Analysis by Capacity
   6.5. Global Oil Refining Pumps Market Analysis by Product Type
        6.5.1. Introduction
        6.5.2. Value (US$ Mn), Volume (Units) and Forecast by Product Type
               6.5.2.1. Centrifugal Pumps

  • Single Stage
    • Single Entry-close Coupled
    • Single Entry-long Coupled
    • Double Suction
  • Multi Stage
  • Axial & Mixed
  • Submersible
  • Sealless & Circular

               6.5.2.2. Reciprocating Pumps

  • Piston
  • Plunger
  • Diaphragm

               6.5.2.3. Rotary Pumps

  • Gear
  • Vane
  • Screw
  • Lobe
  • Progressive Cavity Pumps
  • Piston
  • Peristaltic

        6.5.3. Market Share and BPS Analysis by Product Type
        6.5.4. Y-o-Y Growth Comparison by Product Type
        6.5.5. Absolute $ Opportunity by Product Type
        6.5.6. Market Attractiveness Analysis by Product Type
   6.6. Global Oil Refining Pumps Market Analysis by Application
        6.6.1. Refinery Process
        6.6.2. Water Circulating
        6.6.3. Special Purpose
        6.6.4. Water/Wastewater
   6.7. Global Oil Refining Pumps Market Analysis by Pump Characteristics
        6.7.1. Standard Pumps
        6.7.2. Engineered Pumps
        6.7.3. Special Purpose Pumps
   6.8. Global Oil Refining Pumps Market Analysis by Region
        6.8.1. Introduction
        6.8.2. Value (US$ Mn), Volume (Units) and Forecast by Region
               6.8.2.1. North America
               6.8.2.2. Latin America
               6.8.2.3. Western Europe
               6.8.2.4. Eastern Europe
               6.8.2.5. APAC
               6.8.2.6. MEA
        6.8.3. Market Share and BPS Analysis by Region
        6.8.4. Y-o-Y Growth Comparison by Region
        6.8.5. Absolute $ Opportunity by Region
        6.8.6. Market Attractiveness Analysis by Region

7. North America Oil Refining Pumps Market Analysis
   7.1. North America Market Outlook
        7.1.1. Value (US$ Mn), Volume (Units) Analysis and Forecast
   7.2. North America Oil Refining Pumps Market Analysis by Country
        7.2.1. Market Share and BPS Analysis by Country

  • US
  • Canada

        7.2.2. Y-o-Y growth Projections by Country
   7.3. North America Oil Refining Pumps Market Analysis by Capacity
        7.3.1. Market Share and BPS Analysis by Capacity
        7.3.2. Y-o-Y growth Projections by Capacity
   7.4. North America Oil Refining Pumps Market Analysis by Product Type
        7.4.1. Market Share and BPS Analysis by Product Type
        7.4.2. Y-o-Y growth Projections by Product Type

8. Latin America Oil Refining Pumps Market Analysis
   8.1. Latin America Market Outlook
        8.1.1. Value (US$ Mn), Volume (Units) Analysis and Forecast
   8.2. Latin America Oil Refining Pumps Market Analysis by Country
        8.2.1. Market Share and BPS Analysis by Country

  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
  • Venezuela

        8.2.2. Y-o-Y growth Projections by Country
   8.3. Latin America Oil Refining Pumps Market Analysis by Capacity
        8.3.1. Market Share and BPS Analysis by Capacity
        8.3.2. Y-o-Y growth Projections by Capacity
   8.4. Latin America Oil Refining Pumps Market Analysis by Product Type
        8.4.1. Market Share and BPS Analysis by Product Type
        8.4.2. Y-o-Y growth Projections by Product Type

9. Western Europe Oil Refining Pumps Market Analysis
   9.1. Western Europe Market Outlook
        9.1.1. Value (US$ Mn), Volume (Units) Analysis and Forecast
   9.2. Western Europe Oil Refining Pumps Market Analysis by Country
        9.2.1. Market Share and BPS Analysis by Country

  • Germany
  • UK
  • Italy
  • France
  • Switzerland
  • Spain
  • Sweden
  • Netherlands
  • Austria
  • Norway
  • Belgium
  • Denmark
  • Ireland
  • Finland
  • Portugal
  • Greece

        9.2.2. Y-o-Y growth Projections by Country
   9.3. Western Europe Oil Refining Pumps Market Analysis by Capacity
        9.3.1. Market Share and BPS Analysis by Capacity
        9.3.2. Y-o-Y growth Projections by Capacity
   9.4. Western Europe Oil Refining Pumps Market Analysis by Product Type
        9.4.1. Market Share and BPS Analysis by Product Type
        9.4.2. Y-o-Y growth Projections by Product Type

10. Eastern Europe Oil Refining Pumps Market Analysis
   10.1. Eastern Europe Market Outlook
        10.1.1. Value (US$ Mn), Volume (Units) Analysis and Forecast
   10.2. Eastern Europe Oil Refining Pumps Market Analysis by Country
        10.2.1. Market Share and BPS Analysis by Country

  • Russia
  • Poland
  • Romania
  • Hungary
  • Czech Republic
  • Bulgaria

   10.3. Eastern Europe Oil Refining Pumps Market Analysis by Capacity
        10.3.1. Market Share and BPS Analysis by Capacity
        10.3.2. Y-o-Y growth Projections by Capacity
   10.4. Eastern Europe Oil Refining Pumps Market Analysis by Product Type
        10.4.1. Market Share and BPS Analysis by Product Type
        10.4.2. Y-o-Y growth Projections by Product Type

11. APAC Oil Refining Pumps Market Analysis
   11.1. APAC Market Outlook
        11.1.1. Value (US$ Mn), Volume (Units) Analysis and Forecast
   11.2. APAC Oil Refining Pumps Market Analysis by Country
        11.2.1. Market Share and BPS Analysis by Country

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Singapore
  • Indonesia
  • Malaysia
  • Taiwan
  • Vietnam
  • Thailand
  • Hong Kong
  • Philippines
  • Pakistan
  • New Zealand

        11.2.2. Y-o-Y growth Projections by Country
   11.3. APAC Oil Refining Pumps Market Analysis by Capacity
        11.3.1. Market Share and BPS Analysis by Capacity
        11.3.2. Y-o-Y growth Projections by Capacity
   11.4. APAC Oil Refining Pumps Market Analysis by Product Type
        11.4.1. Market Share and BPS Analysis by Product Type
        11.4.2. Y-o-Y growth Projections by Product Type

12. MEA Oil Refining Pumps Market Analysis
   12.1. MEA Market Outlook
        12.1.1. Value (US$ Mn), Volume (Units) Analysis and Forecast
   12.2. MEA Oil Refining Pumps Market Analysis by Country
        12.2.1. Market Share and BPS Analysis by Country

  • UAE
  • South Africa
  • Saudi Arabia
  • Turkey
  • Iraq
  • Tunisia
  • Nigeria
  • Israel
  • Iran
  • Egypt
  • Oman
  • Morocco
  • Libya
  • Kuwait
  • Algeria
  • Qatar

        12.2.2. Y-o-Y growth Projections by Country
   12.3. MEA Oil Refining Pumps Market Analysis by Capacity
        12.3.1. Market Share and BPS Analysis by Capacity
        12.3.2. Y-o-Y growth Projections by Capacity
   12.4. MEA Oil Refining Pumps Market Analysis by Product Type
        12.4.1. Market Share and BPS Analysis by Product Type
        12.4.2. Y-o-Y growth Projections by Product Type

13. Competitive Assessment
   13.1. Global Oil Refining Pumps Market Structure
   13.2. Global Oil Refining Pumps Market- A Dashboard View
   13.3. Global Oil Refining Pumps Market Company Share Analysis by Tier 1 Players

14. Company Profiles
   14.1. Xylem
        14.1.1. Company Overview
        14.1.2. Sales, Production, Business Footprint
        14.1.3. Key Financials
        14.1.4. SWOT Analysis and Key Strategies
   14.2. Flowserve Corporation
   14.3. Weir Group
   14.4. Sulzer Ltd.
   14.5. TechnipFMC plc (FMC Technologies)
   14.6. GRUNDFOS
   14.7. KSB SE & Co. KGaA
   14.8. SPX Flow, Inc.
   14.9. Alfa Laval
   14.10. Gardner Denver, Inc.
   14.11. ITT, Inc.
   14.12. Other Key Players

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Oil Refining Pumps Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028