Market Overview:
The global fluid end assembly market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for oil and gas across the globe. Additionally, the growing drilling and production activities in regions such as North America, Latin America, Europe, Asia Pacific and Middle East & Africa are also contributing to the growth of this market. The global fluid end assembly market can be segmented on the basis of type into triplex fluid end and quintuplex fluid end. The triplex fluid end segment is expected to account for a major share of the global market in 2018 owing to its high demand in oilfield applications.
Product Definition:
The Fluid End Assembly is a component of a mud pump. The assembly includes the barrel, plunger, and valves. It is responsible for pumping the drilling fluid from the pit to the drill bit.
Triplex Fluid End:
Triplex fluid end is a specialized fitting used in Fluid End Assembly (FEA) systems. It consists of three components, namely outer race, inner seal and O-ring. The triplex fluid end assembly finds its application in the hydraulic power packs which are used for actuating various mechanisms such as actuators and pumps. Triplex fluid ends are manufactured using high quality materials to ensure long term durability and performance under severe conditions.
Quintuplex Fluid End:
Quintuplex fluid end is a special type of fluid end assembly that allows the user to change the Quintuplex configuration from single-arm to double-arm. The Quintuplex Fluid End is available in two different types, which are standard and premium. The main difference between these products is their price and quality.
Application Insights:
The oil industry was the largest application segment in 2016 and accounted for a market share of over 40% in 2017. The growth can be attributed to the increasing demand for crude oil as a raw material from various industries including chemical, automotive, and energy. Furthermore, technological advancements such as high-pressure drilling fluid system are further expected to drive the product demand over the forecast period.
The others segment includes chemicals & petrochemicals among other end-use industries such as food & beverage and pulp & paper among others.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to maintain its position during the forecast period due to high product demand from various end-use industries, such as power generation and petrochemical. In addition, technological advancements coupled with increasing R&D activities are also expected to drive regional growth over the next eight years.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising investments by major multinational companies for expanding their business operations within this region. For instance, in May 2018, Siemens opened a new fluid power center in Singapore with an aim toward strengthening its position as a digital industrial leader across Southeast Asia while contributing toward national economic development goals through Industry 4.0 and smart automation initiatives across all four businesses it serves: Energy & Power; Healthcare; Transportation & Logistics; and Building & Environment (BEL).
Growth Factors:
- Increasing demand for oil and gas across the globe
- Rising investments in the oil and gas sector
- Growing exploration and production activities of oil and gas reserves
- Technological advancements in fluid end assembly products
- Increasing number of drilling rigs
Scope Of The Report
Report Attributes
Report Details
Report Title
Fluid End Assembly Market Research Report
By Type
Triplex Fluid End, Quintuplex Fluid End
By Application
Oil Industry, Others
By Companies
Halliburton, The Weir Group PLC, Forum Energy Technologies, Gardner Denver, EnTrans International, Jereh Group, American Block Inc., UTEX Industries, EnTrans International, Alco Group, Boss Oilwell Products＆Manufacturing, Dragon Products, Llc., Woodhouse International
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
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global Fluid End Assembly Market Report Segments:
The global Fluid End Assembly market is segmented on the basis of:
Types
Triplex Fluid End, Quintuplex Fluid End
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
Oil Industry, Others
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:
- Halliburton
- The Weir Group PLC
- Forum Energy Technologies
- Gardner Denver
- EnTrans International
- Jereh Group
- American Block Inc.
- UTEX Industries
- EnTrans International
- Alco Group
- Boss Oilwell Products＆Manufacturing
- Dragon Products, Llc.
- Woodhouse International
Highlights of The Fluid End Assembly 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:
- Triplex Fluid End
- Quintuplex Fluid End
- By Application:
- Oil Industry
- Others
- 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 Fluid End Assembly 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Fluid end assembly is a manufacturing process that assembles the ends of pipes, tubes and other tubing products. The process begins by cutting the desired length of tubing from a piece of metal or plastic. Next, the ends are shaped using various machines to create an accurate fit. Finally, the ends are welded or brazed together to create a seamless product
Some of the key players operating in the fluid end assembly market are Halliburton, The Weir Group PLC, Forum Energy Technologies, Gardner Denver, EnTrans International, Jereh Group, American Block Inc., UTEX Industries, EnTrans International, Alco Group, Boss Oilwell Products＆Manufacturing, Dragon Products, Llc., Woodhouse International.
The fluid end assembly market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fluid End Assembly 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 Fluid End Assembly Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fluid End Assembly 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 Fluid End Assembly 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 Fluid End Assembly Market Size & Forecast, 2020-2028
4.5.1 Fluid End Assembly Market Size and Y-o-Y Growth
4.5.2 Fluid End Assembly Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Triplex Fluid End
5.2.2 Quintuplex Fluid End
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Oil Industry
6.2.2 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fluid End Assembly 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 Fluid End Assembly 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Triplex Fluid End
9.6.2 Quintuplex Fluid End
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 Market Size Forecast by Applications
9.10.1 Oil Industry
9.10.2 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Triplex Fluid End
10.6.2 Quintuplex Fluid End
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 Market Size Forecast by Applications
10.10.1 Oil Industry
10.10.2 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Triplex Fluid End
11.6.2 Quintuplex Fluid End
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 Market Size Forecast by Applications
11.10.1 Oil Industry
11.10.2 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Triplex Fluid End
12.6.2 Quintuplex Fluid End
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 Market Size Forecast by Applications
12.10.1 Oil Industry
12.10.2 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Triplex Fluid End
13.6.2 Quintuplex Fluid End
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) Market Size Forecast by Applications
13.10.1 Oil Industry
13.10.2 Others
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 Fluid End Assembly Market: Competitive Dashboard
14.2 Global Fluid End Assembly Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Halliburton
14.3.2 The Weir Group PLC
14.3.3 Forum Energy Technologies
14.3.4 Gardner Denver
14.3.5 EnTrans International
14.3.6 Jereh Group
14.3.7 American Block Inc.
14.3.8 UTEX Industries
14.3.9 EnTrans International
14.3.10 Alco Group
14.3.11 Boss Oilwell Products＆Manufacturing
14.3.12 Dragon Products, Llc.
14.3.13 Woodhouse International
