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.
In the coming years there is an increasing demand for Multiphase Pumps in the regions of North America and Middle East that is expected to drive the market for more advanced Multiphase Pumps. Increasing of oil and gas fields expenditures, more-intense competition, launches in introducing new products, increasing of spending on oil and gas industry, retrofitting and renovation of old technology, increasing adoption of Multiphase Pumps will drive growth in North America and Middle East markets.
Globally, the Multiphase Pumps industry market is an oligopoly as the manufacturing technology of Multiphase Pumps is relatively matures than some high-tech equipment. And some enterprises, like ITT Bornemann, Leistritz, Sulzer, Flowserve, etc. are well-known for the wonderful performance of their Multiphase Pumps and related services.
The sales of Multiphase Pumps are also related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Multiphase Pumps industry may not keep that fast. But it is surely forecasted that the market of Multiphase Pumps is still promising.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as energy prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.
With emerging economies growing faster, a strategy has been adopted by most leading vendors in the Multiphase Pumps market to approach these areas. GIR analysis of the Multiphase Pumps market indicated that North America and Middle East would account for the highest sales in 2017, but Asia has the highest growth rate. Vendors recognize the importance of this region, particularly in China, and are working towards penetrating this market by strengthening their sales and distribution networks.
Although the market competition of Multiphase Pumps is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of Multiphase Pumps and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
The Multiphase Pumps market was valued at 380 Million US$ in 2018 and is projected to reach 490 Million US$ by 2025, at a CAGR of 3.1% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Multiphase Pumps.
This report presents the worldwide Multiphase Pumps market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
ITT Bornemann
Leistritz
Sulzer
Flowserve
Colfax
Schlumberger
NOV
NETZSCH
HMS
SEEPEX
Multiphase Pumps Breakdown Data by Type
Twin screw multiphase pumps
Helico-axial multiphase pumps
Others
Multiphase Pumps Breakdown Data by Application
Onshore
Offshore
Multiphase Pumps Production by Region
United States
Europe
China
Japan
Other Regions
Multiphase Pumps Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Multiphase Pumps status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Multiphase Pumps manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Multiphase Pumps :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Multiphase Pumps market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Multiphase Pumps . Industry analysis & Market Report on Multiphase Pumps is a syndicated market report, published as Global Multiphase Pumps Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Multiphase Pumps market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.