API 610 Pumps Research:CAGR of 3.7% during the forecast period QY Research Inc. (Global Market

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API 610 Pumps Research:CAGR of 3.7% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report “API 610 Pumps- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”. Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for API 610 Pumps was estimated to be worth US$ 1267 million in 2024 and is forecast to a readjusted size of US$ 1630 million by 2031 with a CAGR of 3.7% during the forecast period 2025-2031.

【Get a free sample PDF of this report (Including Full TOC, List of Tables & Figures, Chart)】

https://www.qyresearch.com/reports/3515974/api-610-pumps

API 610 Pumps Market Summary

API 610 Pump is the API 610 standard or ISO 13709 standard centrifugal pumps and is primarily intended for use in the petroleum, natural gas and chemical industries. As ISO 13709 is identical to and is fundamentally an adoption of API 610

According to the new market research report “Global API 610 Pumps Market Report 2024-2030”, published by QYResearch, the global API 610 Pumps market size is projected to reach USD 1.58 billion by 2030, at a CAGR of 3.7% during the forecast period.

Global API 610 Pumps MarketSize(US$ Million), 2019-2030

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Above data is based on report from QYResearch: Global API 610 Pumps Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

Global API 610 Pumps Top15Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

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Above data is based on report from QYResearch: Global API 610 Pumps Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the global key manufacturers of API 610 Pumps include Flowserve, KSB, Sulzer, Ruhrpumpen, Trillium Flow Technologies, Sundyne, ITT Goulds Pumps, Pumpworks, Truflo Pumps, Inc., Ebara Corporation, etc. In 2023, the global top 10 players had a share approximately 62.0% in terms of revenue.

API 610 Pumps,Global Market Size, Split by Product Segment

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Based on or includes research from QYResearch: Global API 610 Pumps Market Report 2024-2030.

In terms of product type, currently Vertical is the largest segment, hold a share of 51.9%.

In terms of product application, currently Oil and Gas is the largest segment, hold a share of 65.4%.

Market Driving Factors

Growth in the Oil & Gas Industry

The oil and gas sector remains the dominant application market for API 610 Pumps. As the global demand for energy continues to rise, the exploration, production, and refining processes in the oil and gas industry require robust pumping solutions capable of handling large volumes of fluids under high pressure and extreme temperatures. Whether it’s for upstream operations such as oil extraction, transportation of crude oil, or downstream activities like refining and petrochemical production, centrifugal pumps designed to API 610 standards are critical for maintaining production efficiency and safety.

With the expansion of shale oil, offshore drilling, and deep-water exploration, the demand for high-performance API 610 Pumps will continue to grow as these processes often involve challenging conditions like high head, extreme temperatures, and corrosive liquids. Additionally, these pumps are necessary in liquid transport pipelines, which are essential infrastructure in the energy sector.

Increasing Demand for Chemical Processing

The chemical industry is another significant contributor to the growth of the API 610 Pump market. API 610 Pumps are designed to handle the highly corrosive and abrasive chemicals typically found in petrochemical production, chemical plants, and industrial processes. With the global demand for chemicals and plastics on the rise, particularly in emerging markets, there will be increased need for advanced pumping solutions that ensure safe and reliable fluid transfer.

Technological Advancements in Pump Efficiency

Technological innovation continues to be a key driver of growth for the API 610 Pump market. Manufacturers are focusing on improving pump efficiency, reducing energy consumption, and enhancing operational performance. The integration of advanced materials such as high-strength alloys, corrosion-resistant coatings, and innovative seal technology allows API 610 Pumpss to deliver higher reliability, longer service life, and better performance in harsh environments.

Market Restraints

High Initial Investment Costs

The high initial cost of purchasing and installing API 610 Pumps is one of the major restraints in the market. These pumps are designed to handle extreme conditions, requiring higher quality materials and manufacturing processes, which drives up the cost.

Complex Maintenance Requirements

API 610 Pumps have complex maintenance requirements due to their advanced technology and critical applications. These pumps often require specialized knowledge for installation, operation, and maintenance, which can increase long-term operational costs.

Stringent Regulatory Standards

Stringent regulatory standards in various industries may require additional compliance efforts, making it challenging for manufacturers to meet all the requirements for API 610 pumps. This can result in delays, increased costs, or even market entry barriers in certain regions.

Availability of Alternative Pump Technologies

The market for centrifugal pumps is highly competitive, and there are various alternative pump technologies, such as diaphragm pumps, screw pumps, or positive displacement pumps, that can offer advantages over API 610 Pumps in some applications, such as lower operational costs or specific performance benefits.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The API 610 Pumps market is segmented as below:

By Company

    Flowserve
    KSB
    Sulzer
    Ruhrpumpen
    Trillium Flow Technologies
    Sundyne
    ITT Goulds Pumps
    Pumpworks
    Truflo Pumps, Inc.
    Ebara Corporation
    Kirloskar Pompen
    Carver Pump
    Sichuan Zigong Industrial Pump
    Gruppo Aturia
    V-FLO

Segment by Type

Vertical
Horizontal

Segment by Application

    Oil and Gas
    Chemical
    Others

Each chapter of the report provides detailed information for readers to further understand the API 610 Pumps market:

Chapter 1: Introduces the report scope of the API 610 Pumps report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)

Chapter 2: Detailed analysis of API 610 Pumps manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)

Chapter 3: Provides the analysis of various API 610 Pumps market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)

Chapter 5: Sales, revenue of API 610 Pumps in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)

Chapter 6: Sales, revenue of API 610 Pumps in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth API 610 Pumps competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides API 610 Pumps comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides API 610 Pumps market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

Other relevant reports of QYResearch:

About Us：

QYResearch founded in California, USA in 2007, which is a leading global market research and consulting company. Our primary business include market research reports, custom reports, commissioned research, IPO consultancy, business plans, etc. With over 18 years of experience and a dedicated research team, we are well placed to provide useful information and data for your business, and we have established offices in 7 countries (include United States, Germany, Switzerland, Japan, Korea, China and India) and business partners in over 30 countries. We have provided industrial information services to more than 60,000 companies in over the world.

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