Global Pump & Valves Markets (2018-2024) - 3.9% CAGR is Projected; Restrained by the Slowdown in Exploration Activities, Owing to the Decline in Oil Prices - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 21, 2018--The “Pump and Valves Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024” report has been added to ResearchAndMarkets.com’s offering.
The report predicts the global pump and valves market to grow with a CAGR of 3.9% over the forecast period of 2018-2024.Increasing use of pump and valves for transportation and on-going increasing drilling activities in oil and gas industry are the factors driving the growth of the pumps and valves market. In addition, rising demand for usage of artificial lifts for economical production of oil from wells and use of pumps in water and wastewater transport and treatment through disposal is anticipated to boost the growth of the pump and valves market.However, a slowdown in the exploration activities owing to the decline in the oil prices are likely to restrain the growth of the pump and valves market during the forecast period. Furthermore, increasing number of upcoming products for the transportation of oil and gas is projected to create lucrative growth opportunities for the key players in the pump and valves market.
The Middle East and Africa are likely to dominate the pump and valves market due to a number of upcoming oil exploration projects in this region. Moreover, Middle East Pumps and Valves Services presents an in-depth assessment of the pumps and valves services including enabling technologies. The increasing focus on energy-efficient equipment and the rising awareness is influencing the adoption of intelligent pumps is driving the growth in the Middle East regions.
Companies ProfiledBentley Ltd.PERAR S.p.ASulzer Ltd.BuTechFMC Technologies Inc.PetrolValvesOliver Valves Ltd.Flowserve Corp.CameronOliver Valves Ltd.
Key Topics Covered
2. Executive Summary
3. Global Pump and Valves Market Overview
4. Pump and Valves Market Macro Indicator Analysis
5. Global Pump and valves Market by Valve Type
6. Global Pump and valves Market by Pump Type
7. Global Pump and Valves Market by Industry Verticals
8. Global Pump and Valves Market by Region 2018-2024
9. Company Profiles and Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/8x6pml/global_pump_and?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180921005227/en/
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INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
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PUB: 09/21/2018 08:02 AM/DISC: 09/21/2018 08:02 AM