Boston, MA -- (SBWIRE) -- 02/06/2017 -- 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.

Technavio's analysts forecast the global pumps market for the oil and gas industry to grow at a CAGR of 3.79% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global t pumps market for the oil and gas industry market for 2016-2020. To calculate the market size, the report considers the demand for different pumps from the oil and gas industry.

Get More Details on this Report and a Full Table of Contents at Global Pumps Market for Oil and Gas Industry 2016-2020

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global Pumps Market the Oil and Gas Industry 2016-2020, 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.

Key vendors

-Flowserve
-Grundfos
-ITT
-KSB
-Sulzer

Other prominent vendors

-HMS Group
-Schmitt-Kreiselpumpen GmbH & Co.KG
-GE Oil and Gas
-Alfa Laval
-Gardner Denver
-Weir Group
-LEWA
-Xylem

Market driver

-Need for improved and enhanced oil recovery
-For a full, detailed list, view our report

Market challenge

-Investment justification in era of low oil prices
-For a full, detailed list, view our report

Market trend

-Emergence of micro-grid technology
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Flowserve, Grundfos, ITT, KSB, Sulzer, HMS Group, Schmitt-Kreiselpumpen GmbH & Co.KG, GE Oil, Gas, Alfa Laval, Gardner Denver, Weir Group, LEWA,, Xylem

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