Oil and Gas Pumps Market Report 2026

The oil and gas pumps market size has grown strongly in recent years. It will grow from $14.05 billion in 2025 to $15.2 billion in 2026 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to expansion of oil and gas exploration activities, growth in pipeline transportation networks, increasing refinery throughput, rising adoption of centrifugal pump systems, availability of standardized pump technologies.

The oil and gas pumps market size is expected to see strong growth in the next few years. It will grow to $21.01 billion in 2030 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to increasing LNG infrastructure investments, rising demand for digital pump monitoring, expansion of offshore oil and gas projects, growing focus on energy-efficient fluid transfer, increasing replacement of aging pump infrastructure. Major trends in the forecast period include increasing deployment of high-capacity transfer pumps, rising demand for cryogenic pump solutions, growing integration of smart monitoring systems, expansion of energy-efficient pump designs, enhanced focus on operational reliability.

The rising global demand for petroleum products is expected to drive the growth of the oil and gas pump market in the coming years. This demand reflects the increasing need for natural resources to meet the energy requirements of industries and consumers worldwide. Oil and gas pumps play a critical role in the extraction, transportation, and processing of these resources. For example, in July 2023, the International Energy Agency, a France-based intergovernmental organization, reported that global diesel or gasoil demand reached 1.5 million barrels per day. Therefore, the growing demand for petroleum products is propelling the oil and gas pump market.

Companies in the oil and gas pump market are focusing on innovative solutions to enhance efficiency, reduce emissions, and improve operational sustainability. For instance, electric oil pumps, which use electricity instead of traditional mechanical or hydraulic methods, are gaining traction. In October 2023, Nidec Corporation, a Japan-based manufacturer of electric motors, launched two innovative electric oil pumps designed to improve automotive efficiency: one for cooling the E-Axle traction motor system in electric vehicles (EVs) and another for continuously variable transmission (CVT) systems. The E-Axle pump features a compact design and customizable interface to improve cooling efficiency while reducing weight and component complexity. The CVT pump uses a high-pressure-range vane design to optimize hydraulic supply during idle-stop modes, enhancing fuel efficiency.

In April 2024, Shell plc, a UK-based oil company, acquired Brewer Oil Company for an undisclosed amount. The acquisition strengthens Shell’s U.S. retail presence by adding 45 convenience stores and fueling stations in New Mexico, leveraging Brewer’s established customer base and prime locations to provide enhanced refueling and retail services. Brewer Oil Company, a Mexico-based fuel company, operates in both retail and wholesale fuel markets and supplies oil and gas pumps.

Major companies operating in the oil and gas pumps market are KSB SE & Co. KGaA, Flowserve Corporation, Sulzer Ltd., Xylem Inc., Alfa Laval AB, Sigmund Pulsometer Pumps, ITT Inc., Kirloskar Brother Ltd., Hydromashservice, Nikkiso Co Ltd., Trillium Flow Technologies, EBARA Corporation, Gemmecotti Srl, PCM SA, Ruhrpumpen Global, EDUR-Pumpenfabrik Eduard Redlien GmbH & Co. KG, Wastecorp pumps Inc., NETZSCH Pumps & Systems, Framo AS, National Pump & Energy, Enpro Subsea Ltd., Weir Group Plc, Grundfos Pumps Pty Ltd., Baker Hughes a GE company LLC, Halliburton Company, Schlumberger NV, Weatherford International plc, Dover Corporation.

Asia-Pacific was the largest region in the oil and gas pumps market in 2025. This region is also expected to be the fastest growing region in the forecast period. The regions covered in the oil and gas pumps market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the oil and gas pumps market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The oil and gas pump market consists of sales of gear pumps, diaphragm pumps, and metering pumps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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