Global API Pumps Market Growth 2023-2029

Global API Pumps Market Growth 2023-2029

API pumps meet Standard 610 for General Refinery Service as set by the American Petroleum Institute (API). This U.S. trade association for the oil and natural gas industries develops standards for petroleum and petrochemical equipment. Unlike the ANSI standards, which are dimensional, API Standard 610 centers around the pump’s construction and design, particularly as they pertain to the pump’s ability to handle high temperatures, pressures and emissions.
LPI (LP Information)' newest research report, the “API Pumps Industry Forecast” looks at past sales and reviews total world API Pumps sales in 2022, providing a comprehensive analysis by region and market sector of projected API Pumps sales for 2023 through 2029. With API Pumps sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world API Pumps industry.
This Insight Report provides a comprehensive analysis of the global API Pumps landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on API Pumps portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global API Pumps market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for API Pumps and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global API Pumps.
The global API Pumps market size is projected to grow from US$ 1683.5 million in 2022 to US$ 2288.2 million in 2029; it is expected to grow at a CAGR of 2288.2 from 2023 to 2029.
Global key manufacturers of API pumps include KSB, Ruhrpumpen, PSG Dover etc. The top 3 companies hold a share about 30%. North America is the largest market, with a share about 28%, followed by Europe and Asia-Pacific with the share about 21% and 12%. In terms of product, overhung pump is the largest segment, with a share over 50%. And in terms of application, the largest application is oil and gas, followed by chemical.
This report presents a comprehensive overview, market shares, and growth opportunities of API Pumps market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Overhung Pump
Between Bearing Pump
Others
Segmentation by application
Oil and Gas
Chemical
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
KSB
Ruhrpumpen
Flowserve
ITT Goulds Pumps
PSG Dover
IDEX
Sulzer
Grundfos
HERMETIC Pumpen
Sundyne
Truflo Pumps
Ebara Corporation
Hayward Gordon
SPP Pumps
Carver Pump
Key Questions Addressed in this Report
What is the 10-year outlook for the global API Pumps market?
What factors are driving API Pumps market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do API Pumps market opportunities vary by end market size?
How does API Pumps break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.