Oil and Gas Pumps Market is Estimated to be Worth over USD 12.83 Billion by 2035
The global oil and gas pumps market is set to experience steady growth from 2025 to 2035, with its market size projected to rise from USD 7.95 billion in 2025 to USD 12.83 billion by 2035, reflecting a compound annual growth rate (CAGR) of 4.9%.
This growth trajectory is driven by increasing demand from emerging economies, along with ongoing investments in oil exploration, production, and petroleum processing activities. As energy needs continue to rise globally, the demand for efficient and durable pump solutions in the oil and gas sector is expected to remain strong.
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Region-wise Insights
According to Fact.MR, the United States oil and gas pumps market is projected to grow at a CAGR of 5.2% between 2025 and 2035. As a global leader in innovation and manufacturing, the U.S. continues to drive demand for advanced pumping systems, fueled by rising investments in automation, energy efficiency, and technological enhancements across key industries such as oil & gas, chemicals, and water treatment.
Meanwhile, China is expected to witness significant expansion, with a projected CAGR of 6.6% over the same period. The country's extensive industrial infrastructure and growing need for power, water, and industrial applications are central to this growth. As the world’s manufacturing powerhouse, China is actively focusing on improving industrial efficiency and integrating automation technologies, further driving demand for high-performance pump systems.
In Germany, sales of oil and gas pumps are forecasted to increase at a CAGR of 5.7% from 2025 to 2035. With its robust industrial base and a strong push toward renewable energy adoption, Germany continues to be a key market. Its reputation as a global engineering and innovation leader supports consistent demand for efficient and sustainable pumping solutions.
Category-wise Insights
Centrifugal pumps are extensively used across various applications and are particularly favored for processes requiring the handling of low-viscosity fluids and high flow rates. This segment accounts for 35.1% of the oil & gas pumps market.
Demand for centrifugal pumps is expected to increase by 1.7X, driven by their growing adoption in the upstream segment and multi-phase pumping applications. Additionally, rising investments in the oil & gas sector by emerging economies are anticipated to boost market demand by 23% in the coming years.
Read More: https://www.factmr.com/report/2435/oil-gas-pumps-market
Competitive Landscape
The global oil & gas pumps market is characterized by significant fragmentation and competition due to the presence of numerous domestic and regional players. Key companies employ various strategies such as mergers and acquisitions, expansions, collaborations, and partnerships to strengthen their market positions.
Additionally, new product development is a key strategic approach adopted by leading players to enhance their market presence and cater to consumer demands. These strategies have led to the introduction of advanced oil & gas pumps into the market.
Fact.MR has published detailed insights into the price points of top manufacturers across regions, sales growth, production capacity, and potential technological advancements in the oil & gas pumps sector.
For example:
- Alfa Laval secured a supply contract in 2020 to provide Framo pumping systems for two Floating Production Storage and Offloading (FPSO) vessels, which include marine pumping systems for seawater and firewater lift services, operating off the coast of Brazil.
- Weir Oil & Gas Dubai won a 3-year contract in 2020 from a national oil company in the UAE for the repair and servicing of motors and pumps.
Global Oil & gas pumps Market by Category
- By Product Type :
- Centrifugal Pumps
- Single Stage
- Multi-Stage
- Axial and Mixed
- Submersible
- Seal less and Circular
- Reciprocating Pumps
- Piston
- Plunger
- Diaphragm
- Rotary Pumps
- Gear
- Vane
- Screw
- Lobe
- Progressive Cavity Pumps
- Piston
- Peristaltic
- Centrifugal Pumps
- By Capacity :
- Small (Up to 500 gpm)
- Medium (500-1,000 gpm)
- High (More than 1,000 gpm)
- By Pump Characteristics :
- Engineered Pumps
- Standard Pumps
- Special Purpose Pumps
- By Deployment Type :
- Onshore
- Offshore
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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