Market Overview:
The global electric mud pump market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the electric mud pump market can be attributed to the increasing demand for oil and gas across the globe. Additionally, the increasing drilling and exploration activities are also contributing to the growth of this market. The global electric mud pump market is segmented on the basis of type, application, and region. On the basis of type, it is divided into duplex mud pumps, triplex mud pumps, quadruplexmud pumpsand quintuplexmudpumps .Onshoreapplication dominates themarket followed by offshoreapplication .
Product Definition:
An electric mud pump is a device used to circulate drilling fluid (muds and cuttings) in a well. The electric mud pump is an important part of the drilling process as it helps to remove debris from the well and returns the drilling fluid to the surface.
Duplex Mud Pump:
Duplex mud pump is a type of electric submersible pump used in well-type drilling operations. It consists of two independent pumps, which are mounted vertically and joined by a common shaft. The two pumps can be operated as single unit or individually depending upon the requirements.
The duplex mud pump has several advantages over conventional equipment including higher efficiency, less operating expenses, and lower chances of mechanical failure etc., owing to its advanced technology and design features.
Triplex Mud Pump:
Triplex mud pump is a mechanical device used to raise water from one place to another through three different levels of aquifers. It consists of three separate components namely suction, discharge and intake pipes which are connected at various levels. The main function of triplex mud pump is to transfer water efficiently from one level to another without any loss in quantity or quality.
Application Insights:
Onshore application dominated the global electric mud pump market in terms of revenue share in 2017. The segment is expected to continue its dominance over the forecast period owing to rising demand from oil & gas, mining and other industrial applications. Onshore electric mud pumps are primarily used for drilling operations on land or on a seabed. These units are also used during construction activities such as road building, quarrying and underground mining where high-pressure water jetting is required for cleaning out debris or rock around the excavation area.
The offshore segment is projected to witness significant growth over the forecast period due to increasing demand from energy generation industries such as wind turbines and wave power plants among others which require deepwater technology for efficient operation of equipment at sea level depths below 1,000 m (3281 ¢â€š¹ N/S).
Regional Analysis:
North America dominated the global electric mud pump market in terms of revenue with a share of over 40.0% in 2017. This is attributed to the presence of major players such as Caterpillar, Cummins and Emerson Electric Co., Inc. Moreover, technological advancements coupled with stringent regulations for wastewater treatment are expected to drive the regional demand for electric mud pumps over the forecast period.
Asia Pacific is anticipated to witness significant growth owing to increasing government initiatives pertaining to water treatment and infrastructure development activities across various countries including China, India, Japan and South Korea among others.
Growth Factors:
- Increasing demand for electric mud pumps from the oil and gas industry as a result of increasing drilling and exploration activities across the globe.
- Rising investments in the oil and gas sector, which is expected to drive the demand for electric mud pumps over the next few years.
- Growing number of hydraulic fracturing projects, which is likely to boost the demand for electric mud pumps in near future.
- Technological advancements in electric mud pump technology that are resulting in improved performance and efficiency of these pumps.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Mud Pump Market Research Report
By Type
Duplex Mud Pump, Triplex Mud Pump, Qunituplex Mud Pump
By Application
Onshore, Offshore
By Companies
National Oilwell Varco, Schlumberger, Gardner Denver, Weatherford International, Flowserve Corporation, Honghua Group, China National Petroleum, Trevi-Finanziaria Industriale, MhWirth, BenTech GmbH Drilling and Oilfield systems, National Oilwell Varco, White Star Pump, Ohara, Herrenknecht Vertical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Electric Mud Pump Market Report Segments:
The global Electric Mud Pump market is segmented on the basis of:
Types
Duplex Mud Pump, Triplex Mud Pump, Qunituplex Mud Pump
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Onshore, Offshore
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- National Oilwell Varco
- Schlumberger
- Gardner Denver
- Weatherford International
- Flowserve Corporation
- Honghua Group
- China National Petroleum
- Trevi-Finanziaria Industriale
- MhWirth
- BenTech GmbH Drilling and Oilfield systems
- National Oilwell Varco
- White Star Pump
- Ohara
- Herrenknecht Vertical
Highlights of The Electric Mud Pump Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Duplex Mud Pump
- Triplex Mud Pump
- Qunituplex Mud Pump
- By Application:
- Onshore
- Offshore
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Mud Pump Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electric mud pump is a machine that uses electricity to move water or other fluid substances.
Some of the key players operating in the electric mud pump market are National Oilwell Varco, Schlumberger, Gardner Denver, Weatherford International, Flowserve Corporation, Honghua Group, China National Petroleum, Trevi-Finanziaria Industriale, MhWirth, BenTech GmbH Drilling and Oilfield systems, National Oilwell Varco, White Star Pump, Ohara, Herrenknecht Vertical.
The electric mud pump market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Mud Pump Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Mud Pump Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Mud Pump Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Mud Pump Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Mud Pump Market Size & Forecast, 2018-2028
4.5.1 Electric Mud Pump Market Size and Y-o-Y Growth
4.5.2 Electric Mud Pump Market Absolute $ Opportunity
Chapter 5 Global Electric Mud Pump Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electric Mud Pump Market Size Forecast by Type
5.2.1 Duplex Mud Pump
5.2.2 Triplex Mud Pump
5.2.3 Qunituplex Mud Pump
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Mud Pump Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electric Mud Pump Market Size Forecast by Applications
6.2.1 Onshore
6.2.2 Offshore
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Mud Pump Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Mud Pump Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electric Mud Pump Analysis and Forecast
9.1 Introduction
9.2 North America Electric Mud Pump Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electric Mud Pump Market Size Forecast by Type
9.6.1 Duplex Mud Pump
9.6.2 Triplex Mud Pump
9.6.3 Qunituplex Mud Pump
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electric Mud Pump Market Size Forecast by Applications
9.10.1 Onshore
9.10.2 Offshore
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electric Mud Pump Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Mud Pump Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electric Mud Pump Market Size Forecast by Type
10.6.1 Duplex Mud Pump
10.6.2 Triplex Mud Pump
10.6.3 Qunituplex Mud Pump
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electric Mud Pump Market Size Forecast by Applications
10.10.1 Onshore
10.10.2 Offshore
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electric Mud Pump Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Mud Pump Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electric Mud Pump Market Size Forecast by Type
11.6.1 Duplex Mud Pump
11.6.2 Triplex Mud Pump
11.6.3 Qunituplex Mud Pump
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electric Mud Pump Market Size Forecast by Applications
11.10.1 Onshore
11.10.2 Offshore
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electric Mud Pump Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Mud Pump Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electric Mud Pump Market Size Forecast by Type
12.6.1 Duplex Mud Pump
12.6.2 Triplex Mud Pump
12.6.3 Qunituplex Mud Pump
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electric Mud Pump Market Size Forecast by Applications
12.10.1 Onshore
12.10.2 Offshore
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electric Mud Pump Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Mud Pump Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electric Mud Pump Market Size Forecast by Type
13.6.1 Duplex Mud Pump
13.6.2 Triplex Mud Pump
13.6.3 Qunituplex Mud Pump
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electric Mud Pump Market Size Forecast by Applications
13.10.1 Onshore
13.10.2 Offshore
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Mud Pump Market: Competitive Dashboard
14.2 Global Electric Mud Pump Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 National Oilwell Varco
14.3.2 Schlumberger
14.3.3 Gardner Denver
14.3.4 Weatherford International
14.3.5 Flowserve Corporation
14.3.6 Honghua Group
14.3.7 China National Petroleum
14.3.8 Trevi-Finanziaria Industriale
14.3.9 MhWirth
14.3.10 BenTech GmbH Drilling and Oilfield systems
14.3.11 National Oilwell Varco
14.3.12 White Star Pump
14.3.13 Ohara
14.3.14 Herrenknecht Vertical
