DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Pumps Market for Oil and Gas Industry 2016-2020" report to their offering.
The global pumps market for the oil and gas industry to grow at a CAGR of 3.79% during the period 2016-2020.
The global oil and gas industry remains volatile with high fluctuations in crude oil prices. This is directly impacting the demand for pumps from the industry, especially through depressed upstream investments in the current scenario of low crude oil prices. The current state of the pumps market in the oil and gas industry can be considered as significantly dormant. The sluggish nature of the market can be attributed to the global crude oil price scenario.
According to the report, oil and gas refineries represent one of the extensive applications of pumps in the oil and gas industry. In the current scenario of low oil prices, the refinery capacity addition is expected to be slow, however, the projected refining product demand especially from the developing countries will drive of investments in the sector.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors
- HMS Group
- Schmitt-Kreiselpumpen GmbH & Co.KG
- GE Oil and Gas
- Alfa Laval
- Gardner Denver
- Weir Group
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Market challenges
Part 10: Impact of drivers and challenges
Part 11: Market trends
Part 12: Vendor landscape
Part 13: Key vendor analysis
Part 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/37plp2/global_pumps