We surely can’t deny the fact that growing technology is gradually comforting our lives to no end. With time, we have encompassed great energy recovery and customized solutions leading in the mechanical world. The chemical separation methodologies are rapidly designing the processing applications & equipment, which are highly in demand today.
The top 6 players in the oil refining pumps market account for nearly 45% share.
With diverse product portfolio, leading players in oil refining pumps market are planning to consolidate their position globally.
Xylem, Flowserve Corporation, KSB SE & Co. KGaA, Weir Group, Sulzer Ltd., and GRUNDFOS are among the top players in the oil refining pumps market.According to the International Energy Agency (IEA), the global demand for oil is likely to rise 1.5 million b/d to 99.3 million b/d in 2018.
during 2015-2040.Digitization is steadily gaining traction in the oil and gas sector leading to cost-saving and profitability.
Industrial Internet of Things (IIoT) -enabled pumps and energy-efficient oil refining pumps are being introduced in the oil refining pumps market.Request for the Sample of the Report: https://www.factmr.com/connectus/sample?flag=S_id=2434Pump manufacturers are integrating IIoT in their products to help oil refineries optimize operations and avoid unplanned outages.
This trend is more pronounced in emerging nations.Stringent regulations on energy consumption and pollution are also accelerating the adoption of intelligent oil refining pumps.