Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the global oil refining pumps market during the historical period of 2013-2017. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2019, and key prospects over the forecast period 2018 – 2028.

The global demand for oil refining pumps is expected to surpass 3 million tons by 2018 end, according to a latest Fact.MR report on oil refining pumps market. Rising oil and gas production, and increase in petroleum-based power generation are driving oil refining pumps demand. The oil supply has sharply increased from Russia, Middle East, and the US, compensating for fall in oil production in Iran and Venezuela.

The demand for centrifugal pumps is constantly rising in upstream oil and gas industry in multiphase or tri-phase pumping application. With the increasing demand for oil, especially in developing regions, transporting a large amount of liquid has become necessary to ensure operational efficiency. This is driving the demand for centrifugal pumps to transport a significant amount of liquid in a short period.

After reading the oil refining pumps market report, readers get insight into:

Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
New, promising avenues in key regions
New revenue streams for all players in emerging markets
Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
Demand and uptake patterns in key industries of the oil refining pumps market
New research and development projects in new technologies in key regional markets
Changing revenue share and size of key product segments during the forecast period
Technologies and business models with disruptive potential

The oil refining pumps market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period. Key regions covered comprise:

North America (U.S., Canada)
Latin America (Brazil, Mexico)
Europe (U.K., Germany)
APEJ (China, India)

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The evaluation of the competitive landscape in the oil refining pumps market covers the profile of the following top players:

Xylem
Flowserve Corporation
Weir Group
Sulzer Ltd.
TechnipFMC plc (FMC Technologies)
GRUNDFOS
KSB SE & Co. KGaA
SPX Flow, Inc.
Alfa Laval
Gardner Denver, Inc.
ITT, Inc.

To expand the understanding of opportunities in the global oil refining pumps market report looks at close quarters into the opportunities and new avenues in following key segments:

Standard Pumps
Engineered Pumps
Special Purpose Pumps

In addition to understanding the demand patterns of various end users, the report on the oil refining pumps market also enumerates trends expected to attract investments by other various associated industries.

On the basis of application, the oil refining pumps market report offers insight into major adoption trends for the following segments:

Refinery Process
Water Circulating
Special Purpose
Water/Wastewater

The global oil refining pumps market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.

Read the Media Release at: https://www.factmr.com/media-release/796/oil-refining-pumps-market

Some important questions that the oil refining pumps market report tries to answer exhaustively are:

Key strategic moves by various players in the oil refining pumps market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares.
Which strategies will enable top players in the oil refining pumps market to expand their geographic footprints?
Which new business models are expected to change the course of growth of key regional markets in near future?
Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants?
Which products segments have in recent years have seen new, lucrative application areas?