Global Multiphase Pumps Market Growth 2023-2029
Product Code:457441
Published Date: Feb 08,2023
Pages: 108
Region: Global
Category: Machinery & Equipment
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Multiphase Pumps that can handle the complete production from a well (oil, natural gas, water and sand, for example) without needing to separate or process the production stream near or at the wellhead. This reduces the cost associated with the surface facilities. Using multiphase pumps allows development of remote locations or previously uneconomical fields. Additionally, since the surface equipment, including separators, heater-treaters, dehydrators and pipes, is reduced, the impact on the environment is also reduced. Multiphase pumps can handle high gas volumes as well as the slugging and different flow regimes associated with multiphase production. Multiphase pumps include twin-screw pumps, piston pumps and helicoaxial pumps.
LPI (LP Information)' newest research report, the “Multiphase Pumps Industry Forecast” looks at past sales and reviews total world Multiphase Pumps sales in 2022, providing a comprehensive analysis by region and market sector of projected Multiphase Pumps sales for 2023 through 2029. With Multiphase Pumps sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Multiphase Pumps industry.
This Insight Report provides a comprehensive analysis of the global Multiphase 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 Multiphase Pumps portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Multiphase Pumps market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Multiphase 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 Multiphase Pumps.
The global Multiphase Pumps market size is projected to grow from US$ 235.8 million in 2022 to US$ 345.3 million in 2029; it is expected to grow at a CAGR of 345.3 from 2023 to 2029.
Global Multiphase Pumps key players include NOV, Sulzer, ITT Bornemann, Leistritz, Flowserve, etc. Global top five manufacturers hold a share about 70%. Europe is the largest market, with a share about 60%, followed by North America, with a share about 40 percent. In terms of product, Twin screw multiphase pumps is the largest segment, with a share about 50%. And in terms of application, the largest application is Onshore, followed by Offshore.
This report presents a comprehensive overview, market shares, and growth opportunities of Multiphase Pumps market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Twin screw multiphase pumps
Helico-axial multiphase pumps
Others
Segmentation by application
Onshore
Offshore
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.
ITT Bornemann
Leistritz
Sulzer
Flowserve
CIRCOR
Schlumberger
NOV
Netzsch GmbH
HMS
Seepex GmbH
Key Questions Addressed in this Report
What is the 10-year outlook for the global Multiphase Pumps market?
What factors are driving Multiphase Pumps market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Multiphase Pumps market opportunities vary by end market size?
How does Multiphase Pumps break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?