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COVID-19 Impacts: Pumps Market for Oil and Gas Industry will Accelerate at a CAGR of almost 4% through 2020-2024 | Growing Need for Energy-Efficient Pumps to Boost Growth | Technavio


Technavio has been monitoring the pumps market for oil and gas industry and it is poised to grow by USD 2.23 billion during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

Frequently Asked Questions-

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Danfoss AS, Enerpac Tool Group Corp., Flowserve Corp., General Electric Co., Grundfos Holding AS, Ingersoll Rand Co., ITT Inc., Robert Bosch GmbH, Sulzer Management Ltd., and The Weir Group Plc are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The growing need for energy-efficient pumps has been instrumental in driving the growth of the market.

Pumps Market for Oil and Gas Industry 2020-2024: Segmentation

Pumps Market for Oil and Gas Industry is segmented as below:

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41542

Pumps Market for Oil and Gas Industry 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our pumps market for oil and gas industry report covers the following areas:

This study identifies the development of 3D-printed impellers as one of the prime reasons driving the growth of the pumps market for oil and gas industry during the next few years.

Pumps Market for Oil and Gas Industry 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the pumps market for oil and gas industry, including some of the vendors such as Danfoss AS, Enerpac Tool Group Corp., Flowserve Corp., General Electric Co., Grundfos Holding AS, Ingersoll Rand Co., ITT Inc., Robert Bosch GmbH, Sulzer Management Ltd., and The Weir Group Plc. Backed with competitive intelligence and benchmarking, our research reports on the pumps market for oil and gas industry are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Pumps Market for Oil and Gas Industry 2020-2024: Key Highlights

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Product

Customer landscape

Geographic Landscape

Drivers, Challenges, and Trends

Vendor Landscape

Vendor Analysis

Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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