석유 및 가스용 펌프 시장 규모, 점유율, 성장 및 세계 산업 분석 : 유형별, 용도별, 지역별 인사이트, 예측(2026-2034년)

Growth Factors of oil and gas pump Market

The global oil and gas pump market plays a critical role in supporting upstream, midstream, and downstream operations across the energy value chain. Pumps are essential for fluid transfer, pressure management, drilling operations, transportation, refining, and enhanced oil recovery activities.

According to the 2025 report, the global oil and gas pump market was valued at USD 9.22 billion in 2024. The market is projected to grow to USD 9.59 billion in 2026 and further expand to USD 13.32 billion by 2034, registering a CAGR of 4.20% during the forecast period (2026-2034).

In 2025, Middle East & Africa dominated the global market with a 37.54% share, supported by vast hydrocarbon reserves and large-scale upstream investments. The U.S. market is expected to grow significantly, reaching USD 1.81 billion by 2032, driven by increasing demand for energy-efficient pumping systems in upstream operations.

Market Overview

Oil and gas pumps are vital mechanical devices used to transport crude oil, natural gas liquids (NGLs), drilling fluids, chemicals, and refined products. Rapid industrialization and urbanization in emerging economies continue to boost demand for oil and gas, increasing investments in exploration, production, transportation, and refining infrastructure.

The market growth is supported by:

• Rising global energy demand
• Expansion of unconventional oil & gas production
• Technological advancements in pump efficiency
• Infrastructure modernization projects
• Regulatory focus on energy efficiency

However, during the COVID-19 pandemic, lockdown measures and travel restrictions led to a sharp decline in oil demand, resulting in reduced exploration activities and lower demand for oilfield equipment, including pumps.

Market Trends

Digitalization and IoT Integration Driving Growth

Digital transformation is a major trend shaping the oil and gas pump market. Integration of IoT sensors enables real-time monitoring of parameters such as temperature, vibration, and pressure. This supports predictive maintenance, reduces downtime, and enhances operational efficiency.

Advanced analytics and AI-based monitoring systems help operators optimize pump performance and reduce operating costs.

For instance, in May 2023, Alfa Laval introduced new AI-based condition monitoring software under Alfa Laval Analytics to enhance asset life, reduce uncertainty, and improve sustainability.

Market Growth Drivers

Increasing Exploration and Production Activities

Growing exploration of new oil and gas reserves is driving pump demand. Drilling operations require pumps for circulating drilling fluids, pressure control, and fluid transport.

The shift toward unconventional resources such as shale oil, tight oil, and deepwater reserves further supports market growth. These extraction methods require high-pressure pumping systems, especially for hydraulic fracturing operations.

In October 2023, Sulzer expanded its flow equipment manufacturing facility in Riyadh, Saudi Arabia, to support regional infrastructure development and growing demand for centrifugal pumps.

Rising Focus on Unconventional Resources

Hydraulic fracturing and enhanced oil recovery techniques require robust and high-pressure pumps capable of operating under extreme conditions. Manufacturers are developing abrasion-resistant materials and advanced sealing technologies to meet these requirements.

In May 2023, Xylem partnered with Tiba Manzalawi Group to establish a manufacturing facility in Egypt to provide advanced water and wastewater pumping solutions.

Restraining Factors

Shift Toward Renewable Energy

The global transition toward renewable energy sources such as solar and wind is limiting long-term oil and gas demand growth. In 2023, global renewable energy capacity additions increased by nearly 50%, reaching around 510 GW, with solar PV accounting for three-quarters of total additions.

Declining refining capacity and decarbonization goals are reducing investments in fossil fuel infrastructure, thereby restraining pump demand in certain regions.

Market Segmentation Analysis

By Pump Type

The market is segmented into:

• Centrifugal Pumps
• Positive Displacement Pumps
• Others

The centrifugal pumps segment is expected to dominate with a 52.43% share in 2026 due to versatility, efficiency, and ability to handle a wide range of fluids across oil and gas operations.

Positive displacement pumps are widely used in high-pressure applications such as hydraulic fracturing and chemical injection due to their precise and consistent flow rates.

By Application

The market is segmented into:

• Upstream
• Midstream
• Downstream

The midstream segment is projected to dominate with a 37.82% share in 2026, driven by extensive pipeline networks requiring continuous pumping systems.

Downstream operations such as refining and processing also contribute significantly due to multi-stage pumping requirements. Upstream operations rely on pumps for extraction, artificial lift, and enhanced recovery techniques.

Regional Insights

Middle East & Africa

The region held the largest market share in 2025, valued at USD 3.46 billion. Abundant oil and gas reserves in Saudi Arabia, UAE, Qatar, and Iran support strong demand for pumping systems.

Asia Pacific

Asia Pacific is expected to witness strong growth due to industrial expansion in China and India. By 2026:

• China market: USD 0.84 billion
• India market: USD 0.19 billion
• Japan market: USD 0.16 billion

North America

North America holds a significant share due to shale gas development and infrastructure upgrades. The U.S. market is projected to reach USD 1.45 billion by 2026.

Europe

By 2026:

• Germany market: USD 0.12 billion
• UK market: USD 0.10 billion

Key Industry Players

Major companies operating in the oil and gas pump market include:

• SPP Pumps
• Kirloskar Brothers Limited
• PCM
• Ruhrpumpen Group
• Grundfos
• Sulzer Ltd
• Xylem
• Flowserve Corporation
• Netzsch
• Wastecorp Pumps
• National Pump and Energy
• Atlas Copco
• Halliburton
• Baker Hughes

Recent developments include strategic alliances, API-compliant product launches, facility expansions, and contracts for centrifugal and liquefaction pump systems.

Conclusion

The global oil and gas pump market is projected to grow steadily from USD 9.59 billion in 2026 to USD 13.32 billion by 2034, driven by increasing exploration activities, midstream infrastructure expansion, and technological advancements in smart pumping systems. Although renewable energy expansion poses long-term challenges, sustained oil and gas demand in developing economies and modernization of existing infrastructure will continue to support market growth through 2034.

Segmentation By Pump Type

• Centrifugal Pumps
• Positive Displacement Pumps
• Others

By Application

• Upstream
• Midstream
• Downstream

By Country

• North America (By Pump Type, By Application, and By Country)
  • U.S. (By Pump Type)
  • Canada (By Pump Type)
• Europe (By Pump Type, By Application, and By Country)
  • Germany (By Pump Type)
  • France (By Pump Type)
  • U.K. (By Pump Type)
  • Spain (By Pump Type)
  • Italy (By Pump Type)
  • Russia (By Pump Type)
  • Rest of Europe (By Pump Type)
• Asia Pacific (By Pump Type, By Application, and By Country)
  • China (By Pump Type)
  • India (By Pump Type)
  • Japan (By Pump Type)
  • Australia (By Pump Type)
  • Southeast Asia (By Pump Type)
  • Rest of the Asia Pacific (By Pump Type)
• Latin America (By Pump Type, By Application, and By Country)
  • Brazil (By Pump Type)
  • Mexico (By Pump Type)
  • Rest of Latin America (By Pump Type)
• Middle East & Africa (By Pump Type, By Application, and By Country)
  • GCC (By Pump Type)
  • Algeria (By Pump Type)
  • Rest of the Middle East & Africa (By Pump Type)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions & Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities

4. Key Insights

• 4.1. Key Emerging Trends - For Major Countries
• 4.2. Latest Technological Advancement
• 4.3. Insight on Regulatory Landscape
• 4.4. Porters Five Forces Analysis
• 4.5. Impact of COVID-19 on the Global Oil and Gas Pump Market

5. Global Oil and Gas Pump Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

• 5.1. Key Findings
• 5.2. Market Analysis, Insights, and Forecast - By Pump Type
  • 5.2.1. Centrifugal Pumps
  • 5.2.2. Positive Displacement Pumps
  • 5.2.3. Others
• 5.3. Market Analysis, Insights, and Forecast - By Application
  • 5.3.1. Upstream
  • 5.3.2. Midstream
  • 5.3.3. Downstream
• 5.4. Market Analysis, Insights, and Forecast - By Region
  • 5.4.1. North America
  • 5.4.2. Europe
  • 5.4.3. Asia Pacific
  • 5.4.4. Latin America
  • 5.4.5. Middle East and Africa

6. North America Oil and Gas Pump Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

• 6.1. Key Findings
• 6.2. Market Analysis, Insights, and Forecast - By Pump Type
  • 6.2.1. Centrifugal Pumps
  • 6.2.2. Positive Displacement Pumps
  • 6.2.3. Others
• 6.3. Market Analysis, Insights, and Forecast - By Application
  • 6.3.1. Upstream
  • 6.3.2. Midstream
  • 6.3.3. Downstream
• 6.4. Market Analysis, Insights, and Forecast - By Country
  • 6.4.1. U.S. Market Analysis, Insights, and Forecast - By Pump Type
    • 6.4.1.1. Centrifugal Pumps
    • 6.4.1.2. Positive Displacement Pumps
    • 6.4.1.3. Others
  • 6.4.2. Canada Market Analysis, Insights, and Forecast - By Pump Type
    • 6.4.2.1. Centrifugal Pumps
    • 6.4.2.2. Positive Displacement Pumps
    • 6.4.2.3. Others

7. Europe Oil and Gas Pump Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

• 7.1. Key Findings
• 7.2. Market Analysis, Insights, and Forecast - By Pump Type
  • 7.2.1. Centrifugal Pumps
  • 7.2.2. Positive Displacement Pumps
  • 7.2.3. Others
• 7.3. Market Analysis, Insights, and Forecast - By Application
  • 7.3.1. Upstream
  • 7.3.2. Midstream
  • 7.3.3. Downstream
• 7.4. Market Analysis, Insights, and Forecast - By Country
  • 7.4.1. Germany Market Analysis, Insights, and Forecast - By Pump Type
    • 7.4.1.1. Centrifugal Pumps
    • 7.4.1.2. Positive Displacement Pumps
    • 7.4.1.3. Others
  • 7.4.2. France Market Analysis, Insights, and Forecast - By Pump Type
    • 7.4.2.1. Centrifugal Pumps
    • 7.4.2.2. Positive Displacement Pumps
    • 7.4.2.3. Others
  • 7.4.3. UK Market Analysis, Insights, and Forecast - By Pump Type
    • 7.4.3.1. Centrifugal Pumps
    • 7.4.3.2. Positive Displacement Pumps
    • 7.4.3.3. Others
  • 7.4.4. Spain Market Analysis, Insights, and Forecast - By Pump Type
    • 7.4.4.1. Centrifugal Pumps
    • 7.4.4.2. Positive Displacement Pumps
    • 7.4.4.3. Others
  • 7.4.5. Italy Market Analysis, Insights, and Forecast - By Pump Type
    • 7.4.5.1. Centrifugal Pumps
    • 7.4.5.2. Positive Displacement Pumps
    • 7.4.5.3. Others
  • 7.4.6. Russia Market Analysis, Insights, and Forecast - By Pump Type
    • 7.4.6.1. Centrifugal Pumps
    • 7.4.6.2. Positive Displacement Pumps
    • 7.4.6.3. Others
  • 7.4.7. Rest of Europe Market Analysis, Insights, and Forecast - By Pump Type
    • 7.4.7.1. Centrifugal Pumps
    • 7.4.7.2. Positive Displacement Pumps
    • 7.4.7.3. Others

8. Asia Pacific Oil and Gas Pump Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

• 8.1. Key Findings
• 8.2. Market Analysis, Insights, and Forecast - By Pump Type
  • 8.2.1. Centrifugal Pumps
  • 8.2.2. Positive Displacement Pumps
  • 8.2.3. Others
• 8.3. Market Analysis, Insights, and Forecast - By Application
  • 8.3.1. Upstream
  • 8.3.2. Midstream
  • 8.3.3. Downstream
• 8.4. Market Analysis, Insights, and Forecast - By Country
  • 8.4.1. China Market Analysis, Insights, and Forecast - By Pump Type
    • 8.4.1.1. Centrifugal Pumps
    • 8.4.1.2. Positive Displacement Pumps
    • 8.4.1.3. Others
  • 8.4.2. Japan Market Analysis, Insights, and Forecast - By Pump Type
    • 8.4.2.1. Centrifugal Pumps
    • 8.4.2.2. Positive Displacement Pumps
    • 8.4.2.3. Others
  • 8.4.3. India Market Analysis, Insights, and Forecast - By Pump Type
    • 8.4.3.1. Centrifugal Pumps
    • 8.4.3.2. Positive Displacement Pumps
    • 8.4.3.3. Others
  • 8.4.4. Australia Market Analysis, Insights, and Forecast - By Pump Type
    • 8.4.4.1. Centrifugal Pumps
    • 8.4.4.2. Positive Displacement Pumps
    • 8.4.4.3. Others
  • 8.4.5. South East Asia Market Analysis, Insights, and Forecast - By Pump Type
    • 8.4.5.1. Centrifugal Pumps
    • 8.4.5.2. Positive Displacement Pumps
    • 8.4.5.3. Others
  • 8.4.6. Rest of Asia Pacific Market Analysis, Insights, and Forecast - By Pump Type
    • 8.4.6.1. Centrifugal Pumps
    • 8.4.6.2. Positive Displacement Pumps
    • 8.4.6.3. Others

9. Latin America Oil and Gas Pump Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

• 9.1. Key Findings
• 9.2. Market Analysis, Insights, and Forecast - By Pump Type
  • 9.2.1. Centrifugal Pumps
  • 9.2.2. Positive Displacement Pumps
  • 9.2.3. Others
• 9.3. Market Analysis, Insights, and Forecast - By Application
  • 9.3.1. Upstream
  • 9.3.2. Midstream
  • 9.3.3. Downstream
• 9.4. Market Analysis, Insights, and Forecast - By Country
  • 9.4.1. Brazil Market Analysis, Insights, and Forecast - By Pump Type
    • 9.4.1.1. Centrifugal Pumps
    • 9.4.1.2. Positive Displacement Pumps
    • 9.4.1.3. Others
  • 9.4.2. Mexico Market Analysis, Insights, and Forecast - By Pump Type
    • 9.4.2.1. Centrifugal Pumps
    • 9.4.2.2. Positive Displacement Pumps
    • 9.4.2.3. Others
  • 9.4.3. Rest of Latin America Market Analysis, Insights, and Forecast - By Pump Type
    • 9.4.3.1. Centrifugal Pumps
    • 9.4.3.2. Positive Displacement Pumps
    • 9.4.3.3. Others

11. Middle East and Africa Oil and Gas Pump Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

• 11.1. Key Findings
• 11.2. Market Analysis, Insights, and Forecast - By Pump Type
  • 11.2.1. Centrifugal Pumps
  • 11.2.2. Positive Displacement Pumps
  • 11.2.3. Others
• 11.3. Market Analysis, Insights, and Forecast - By Application
  • 11.3.1. Upstream
  • 11.3.2. Midstream
  • 11.3.3. Downstream
• 11.4. Market Analysis, Insights, and Forecast - By Country
  • 11.4.1. GCC Market Analysis, Insights, and Forecast - By Pump Type
    • 11.4.1.1. Centrifugal Pumps
    • 11.4.1.2. Positive Displacement Pumps
    • 11.4.1.3. Others
  • 11.4.2. Algeria Market Analysis, Insights, and Forecast - By Pump Type
    • 11.4.2.1. Centrifugal Pumps
    • 11.4.2.2. Positive Displacement Pumps
    • 11.4.2.3. Others
  • 11.4.3. Rest of MEA Market Analysis, Insights, and Forecast - By Pump Type
    • 11.4.3.1. Centrifugal Pumps
    • 11.4.3.2. Positive Displacement Pumps
    • 11.4.3.3. Others

12. Competitive Analysis

• 12.1. Company Market Share Analysis, 2025
• 12.2. Company Profile
  • 12.2.1. SPP Pumps
    • 12.2.1.1. Business Overview
    • 12.2.1.2. Product and Service Offerings
    • 12.2.1.3. Recent Developments
    • 12.2.1.4. Financials (Based on Availability)
  • 12.2.2. Kirloskar Brothers Limited
    • 12.2.2.1. Business Overview
    • 12.2.2.2. Product and Service Offerings
    • 12.2.2.3. Recent Developments
    • 12.2.2.4. Financials (Based on Availability)
  • 12.2.3. PCM
    • 12.2.3.1. Business Overview
    • 12.2.3.2. Product and Service Offerings
    • 12.2.3.3. Recent Developments
    • 12.2.3.4. Financials (Based on Availability)
  • 12.2.4. Ruhrpumpen Group
    • 12.2.4.1. Business Overview
    • 12.2.4.2. Product and Service Offerings
    • 12.2.4.3. Recent Developments
    • 12.2.4.4. Financials (Based on Availability)
  • 12.2.5. Grundfos
    • 12.2.5.1. Business Overview
    • 12.2.5.2. Product and Service Offerings
    • 12.2.5.3. Recent Developments
    • 12.2.5.4. Financials (Based on Availability)
  • 12.2.6. Sulzer Ltd.
    • 12.2.6.1. Business Overview
    • 12.2.6.2. Product and Service Offerings
    • 12.2.6.3. Recent Developments
    • 12.2.6.4. Financials (Based on Availability)
  • 12.2.7. Xylem
    • 12.2.7.1. Business Overview
    • 12.2.7.2. Product and Service Offerings
    • 12.2.7.3. Recent Developments
    • 12.2.7.4. Financials (Based on Availability)
  • 12.2.8. Flowserve Corporation
    • 12.2.8.1. Business Overview
    • 12.2.8.2. Product and Service Offerings
    • 12.2.8.3. Recent Developments
    • 12.2.8.4. Financials (Based on Availability)
  • 12.2.9. Netzsch
    • 12.2.9.1. Business Overview
    • 12.2.9.2. Product and Service Offerings
    • 12.2.9.3. Recent Developments
    • 12.2.9.4. Financials (Based on Availability)
  • 12.2.10. Wastecorp Pumps
    • 12.2.10.1. Business Overview
    • 12.2.10.2. Product and Service Offerings
    • 12.2.10.3. Recent Developments
    • 12.2.10.4. Financials (Based on Availability)
  • 12.2.11. Sam Turbo Industry Pvt. Ltd.
    • 12.2.11.1. Business Overview
    • 12.2.11.2. Product and Service Offerings
    • 12.2.11.3. Recent Developments
    • 12.2.11.4. Financials (Based on Availability)
  • 12.2.12. Atlas COPCO
    • 12.2.12.1. Business Overview
    • 12.2.12.2. Product and Service Offerings
    • 12.2.12.3. Recent Developments
    • 12.2.12.4. Financials (Based on Availability)
  • 12.2.13. Halliburton
    • 12.2.13.1. Business Overview
    • 12.2.13.2. Product and Service Offerings
    • 12.2.13.3. Recent Developments
    • 12.2.13.4. Financials (Based on Availability)
  • 12.2.14. Baker Hughes
    • 12.2.14.1. Business Overview
    • 12.2.14.2. Product and Service Offerings
    • 12.2.14.3. Recent Developments
    • 12.2.14.4. Financials (Based on Availability)