Oil Rotary Pump Market Size - By Type, By Material, By Capacity, By Flow Rate, By Application, By Distribution Channel & Forecast, 2024 – 2032

Oil Rotary Pump Market Size

Oil Rotary Pump Market was valued at USD 1 billion in 2023 and is anticipated to register a CAGR of 3.4% between 2024 and 2032. The growth of the oil and gas industry is boosting the business growth. As exploration and production increase worldwide, there's a greater need for reliable pumps to move and process crude oil and refined products. This growth includes both drilling and extraction (upstream) and refining and distribution (downstream). Oil rotary pumps are crucial because they handle different viscosities and high pressures, making them essential for the industry's infrastructure.
 

Additionally, besides upstream and downstream activities, the oil and gas industry are also improving its infrastructure to support more production and processing. This includes building new pipelines, storage facilities, and refineries. Oil rotary pumps are key in these projects, helping to transfer crude oil, refined products, and other fluids. As infrastructure grows, the demand for rotary pumps stays strong, ensuring efficient and reliable operations. Additionally, the rise of unconventional oil and gas resources, like shale oil and deepwater reserves, creates more opportunities for oil rotary pumps. These new methods often involve tough conditions that need specialized pumps. Rotary pumps are well-suited for these challenges, handling high pressures and different fluid properties effectively.
 

The oil rotary pump market faces a major challenge with the high initial cost of advanced pumps. These pumps, especially those for specialized or high-performance uses, are expensive. Buying and installing them can be costly, particularly for operators with tight budgets or smaller businesses. This high cost can prevent new players from entering the market and discourage potential customers from using advanced pump technologies. Additionally, maintenance costs add to the problem. Oil rotary pumps need regular maintenance to work well and last long. This maintenance can be expensive due to the need for special parts, skilled technicians, and downtime for repairs.
 

Oil Rotary Pump Market Trends

The oil rotary pump industry is seeing more advanced technologies to improve performance and efficiency. Innovations like digital monitoring, predictive maintenance, and automation are becoming common. Digital monitoring collects real-time data on pump performance, helping to spot issues early and optimize operations. Predictive maintenance uses data to predict equipment failures before they happen, reducing downtime and maintenance costs. These advancements make oil rotary pumps more reliable and efficient, aligning with the industry's move towards smart, data-driven operations.  There is a growing focus on energy efficiency and sustainability in the oil rotary pump market. Industries are under pressure to reduce their environmental impact and operating costs, leading to a demand for energy-efficient pump designs.
 

Manufacturers are creating pumps that use less energy and produce fewer emissions, supporting more sustainable operations. This trend is driven by regulations and the need to save costs, as energy-efficient pumps can lower operating expenses and help meet sustainability goals. The focus on sustainability is influencing the development and choice of rotary pumps, with a preference for technologies that reduce environmental impact.  Another trend is the increasing demand for customized rotary pump solutions. As industries become more specialized, there is a need for pumps that meet specific operational requirements and handle unique conditions. Manufacturers are responding by offering tailored solutions for challenges like high-viscosity fluids, extreme temperatures, or corrosive environments.
 

Oil Rotary Pump Market Analysis

Based on type, the rotary vane segment dominated the 46% of the market share in 2023 and is expected to grow at a CAGR of 3.9% through 2032, characterized by its use of rotating vanes within a cylindrical casing to create suction and displacement, making these pumps highly efficient for handling oil and gas applications. Rotary vane pumps are widely used for low-to-medium viscosity fluids, and their ability to maintain a steady flow at various pressure ranges makes them suitable for applications in oil refineries, petrochemical processing, and industrial lubrication systems.
 

Based on material, the stainless-steel segment dominated about 55.3% of the market share in 2023 and is expected to grow at a CAGR of 3.9% through 2032. Stainless steel is a preferred material in the oil rotary pump market due to its excellent resistance to corrosion, high temperatures, and harsh chemicals. These properties make it suitable for handling oil, gas, and other fluids in industrial applications.
 

Stainless steel pumps are particularly advantageous in environments where contamination must be minimized, as the material is highly durable and easy to clean. This characteristic makes them appropriate for upstream and downstream oil processes, refineries, and petrochemical plants. The strength of stainless steel ensures extended service life and reliability under high pressure and aggressive operating conditions, thereby enhancing operational efficiency in the market.
 

Asia Pacific oil rotary pump market held approximately 38.1% of the market share in 2023 and is expected to grow at a CAGR of 3.7% through 2032, propelled by rapid industrialization, expanding infrastructure, and increasing energy demands across countries such as China, India, Japan, and Southeast Asian nations. The region's strong presence in industries like oil and gas, chemical processing, and power generation is driving the demand for efficient oil rotary pumps. These pumps are essential for fluid transfer, vacuum generation, and other critical applications. Further, government initiatives focused on energy efficiency and sustainability are promoting the adoption of advanced rotary pump technologies.
 

Country-level Analysis

North America: The U.S. dominated the market with revenue of around 82.8% of the total market share in 2023 and with a CAGR of 3.5% from 2024 to 2032. The U.S. oil rotary pump market is primarily driven by the country's extensive oil and gas industry, which encompasses significant exploration, production, and refining activities. As a major participant in the global energy sector, the United States maintains large-scale operations in shale oil extraction, offshore drilling, and refining, all of which require reliable and high-performance rotary pumps.
 

Stringent regulatory standards and a focus on technological innovation in the U.S. promote the adoption of advanced pump solutions that offer improved efficiency and safety. The market is further strengthened by substantial investments in infrastructure projects, including pipelines and storage facilities, which increase the demand for robust rotary pumping systems.
 

Europe: The Europe oil rotary pump market is expected to grow with a CAGR of 3.2% from 2024 to 2032, influenced by the country's sophisticated industrial sector and its focus on engineering excellence and environmental compliance. The nation's significant presence in oil and gas, including refining and chemical processing industries, fuels the demand for high-performance rotary pumps that meet strict safety and operational standards.
 

Germany's reputation for precision engineering and innovation is evident in the industry's adoption of advanced pump technologies that improve efficiency and reliability. Furthermore, the country's adherence to stringent environmental regulations and energy efficiency standards guides the development and selection of oil rotary pumps, as industries seek solutions that minimize emissions and maximize energy efficiency.
 

Asia Pacific: China led the market with revenue of around 25.2% of the total market share in 2023 and is growing at a CAGR of 4.7% up to 2032. China's oil rotary pump market is growing rapidly, driven by the country's extensive industrial expansion and increasing energy demands. As a major global player in oil and gas production and consumption, China's growing exploration, production, and refining sectors are fueling a strong demand for reliable rotary pumps. The government's focus on infrastructure development, evidenced by significant investments in pipelines, storage facilities, and refineries, further increases the need for advanced pumping solutions.
 

Additionally, China's push for modernization and technological improvement in its industries is encouraging the adoption of newer rotary pump technologies, improving both performance and energy efficiency. This combination of industrial growth, infrastructure investment, and technological progress positions China as a significant and dynamic market for oil rotary pumps.
 

Oil Rotary Pump Market Share

The oil rotary pump industry is fragmented, with prominent players holding a market share of 5%-10% of the total market share. Key companies generally focus on delivering high-performance and reliable pumping solutions that cater to the demanding needs of the oil and gas industry. They emphasize innovation and technological advancements to improve efficiency, durability, and operational safety. Key players often invest in research and development to enhance pump designs, integrate advanced materials, and incorporate smart technologies for real-time monitoring and predictive maintenance.
 

Oil Rotary Pump Market Companies

Major players operating in the oil rotary pump industry include:

• Alfa Laval
• Busch Vacuum Solutions
• Cameron International Corporation
• Dover Corporation
• Flowserve Corporation
• Gardner Denver
• Gorman-Rupp Company
• Grundfos Holding
• HNP Mikrosysteme GmbH
• Ingersoll Rand
• KSB SE & Co. KGaA
• Parker Hannifin Corporation
• Schroeder Industries
• SPX Flow Technology
• Sulzer Ltd.
• Weir Group PLC
• Xylem Inc.
   

Oil Rotary Pump Market News

• In June 2023, Atlas Copco, a leading industrial equipment manufacturer, launched a new line of energy-efficient oil rotary pumps. These pumps are designed to reduce power consumption by up to 30% compared to conventional models, targeting industries seeking to lower their energy costs and carbon footprint.
   
• In October 2023, Busch Vacuum Solutions announced the acquisition of a specialized oil rotary pump manufacturer to expand its product portfolio. This strategic move is expected to enhance Busch's offerings in niche markets and strengthen its position as a comprehensive vacuum and pump solution provider.
   
• In February 2024, Gardner Denver, a major player in the market, completed a merger with Ingersoll Rand's Industrial segment. This merger creates a new powerhouse in the industrial pump and compressor market, potentially reshaping the competitive landscape for oil rotary pumps.
   

The oil rotary pump market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) and volume (Thousand Units) from 2021 to 2032, for the following segments:

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Market, By Type

• Rotary vane
• Cam type
• Rocking Piston

Market, By Material

• Cast Iron
• Stainless Steel
• Other

Market, By Capacity

• Up to 200 mbar
• 200 to 400 mbar
• Over 400 mbar

Market, By Flow Rate

• 25 - 600 M3H
• 600 - 3000 M3H
• 3000 - 10000 M3H
• over 10000 M3H

Market, By Application

• Petrochemical & Chemical
• Pharmaceutical
• Food Manufacturing
• Aircraft
• Automobile
• Water Treatment
• Oil & Gas
• Power Generation
• EPS and Plastics
• Pulp & Paper
• Others

Market, By Distribution Channel

• Direct
• Indirect

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico
• MEA
  • Saudi Arabia
  • UAE
  • South Africa