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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.
Scope of the Report:
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 worldwide market for Multiphase Pumps is expected to grow at a CAGR of roughly 3.0% over the next five years, will reach 450 million US$ in 2024, from 380 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Multiphase Pumps in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
- ITT Bornemann
- Leistritz
- Sulzer
- Flowserve
- Colfax
- Schlumberger
- NOV
- NETZSCH
- HMS
- SEEPEX
Market Segment by Regions, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Twin screw multiphase pumps
- Helico-axial multiphase pumps
- Others
Market Segment by Applications, can be divided into
- Onshore
- Offshore
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Multiphase Pumps product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Multiphase Pumps, with price, sales, revenue and global market share of Multiphase Pumps in 2017 and 2018.
Chapter 3, the Multiphase Pumps competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Multiphase Pumps breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Multiphase Pumps market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Multiphase Pumps sales channel, distributors, customers, research findings and conclusion, appendix and data source.