A pump 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 the 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.
Market Data Analysis:
The Multiphase Pumps market is projected to be valued at USD 414 million in 2019 and is anticipated to generate revenue of USD 523 million by the end of 2026, progressing at a GAGR of 3.40% between 2019 and 2026. Multiphase Pumps global market is significantly rising across the globe on the back of increasing demand for Multiphase Pumps as the increasing of oil and gas fields expenditures. With the recovery of the global economy and the development of emerging powers, the Multiphase Pumps market is endowed with a promising future.
Geographically, the Multiphase Pumps global market is classified into North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. Asia-Pacific was the major revenue generating region in 2018 with a share of 30.65% and is expected to garner growth in the coming years. North America and Europe accounted for a market share of 28.74% and 27.15% respectively in 2018. Increasing of oil and gas fields expenditures, launches in introducing new products, and retrofitting and renovation of old technology are expected to promote the growth of the market in those regions.
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Market Classification:
Global Multiphase Pumps market: Type segments
l Twin screw multiphase pumps
l Helico-axial multiphase pumps
l Others
Global Multiphase Pumps market: Application segments
l Onshore
l Offshore
Global Multiphase Pumps market: regional segments
l North America (United States, Canada, and Mexico)
l Europe (Germany, France, UK, Russia, and Italy)
l Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
l South America (Brazil, Argentina, Columbia)
l The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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To gain insight into the competitive landscape, the report includes an overview of key players in the Multiphase Pumps market, including ITT Bornemann, Leistritz, Sulzer, FMC Technologies, General Electric Company, Colfax (Warren), Baker Hughes Incorporated, Flowserve Corporation, OneSubsea, HMS Pumps, Novomet, SPX Corporation, NETZSCH, etc. These participants have adopted various growth strategies to meet the growing demand for Multiphase Pumps market and to increase their market share.
Multiphase Pumps Market Intended Audience:
l Multiphase Pumps manufacturers
l Multiphase Pumps importers and exporters
l Multiphase Pumps traders, distributors, and suppliers
l Raw material suppliers of Multiphase Pumps
l Multiphase Pumps industry associations
l Product managers, Multiphase Pumps industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Government agencies and NGOs
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Multiphase Pumps Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Multiphase Pumps Market by Types
4 Segmentation of Multiphase Pumps Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Multiphase Pumps Market in Major Countries
7 North America Multiphase Pumps Landscape Analysis
8 Europe Multiphase Pumps Landscape Analysis
9 Asia Pacific Multiphase Pumps Landscape Analysis
10 Latin America, Middle East & Africa Multiphase Pumps Landscape Analysis
11 Major Players Profile
11.1 ITT Bornemann
11.1.1 ITT Bornemann Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Leistritz
11.3 Sulzer
11.4 FMC Technologies
11.5 General Electric Company
11.6 Colfax (Warren)
11.7 Baker Hughes Incorporated
11.8 Flowserve Corporation
11.9 OneSubsea
11.10 HMS Pumps
11.11 Novomet
11.12 SPX Corporation
11.13 NETZSCH
…
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