Market Overview:
The global fuel engine mud pump market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for oil and gas across the globe. Additionally, the increasing exploration and production activities in offshore areas are also contributing to the growth of this market. The duplex mud pump segment is expected to hold a major share of the global fuel engine mud pump market during the forecast period from 2018 to 2030. This segment is anticipated to grow at a CAGR of 5.8% during this period owing to its high efficiency and low maintenance cost as compared with other types of mud pumps available in the market.
Product Definition:
A fuel engine mud pump is a machine used to circulate drilling fluid (mud) in a well. It does this by pumping the fluid from the bottom of the well up to the drill bit and then back down to the surface again.
Duplex Mud Pump:
Duplex mud pumps are used in mining and construction industry for removing water from the mine floor, slurry from the silo, or as a groundwater pump. Duplex mud pumps are also known as positive displacement pumps because they can maintain constant pressure throughout their stroke regardless of how much fluid is being pumped.
The key benefit of using a duplex pump is that it requires less power to operate than a single phase electric motor and can be operated by an engine or electricity.
Triplex Mud Pump:
Triplex mud pumps are used in fuel engine mud pumps. Fuel engine pump is primarily used to move fuel from the tank to the carburetor or engines. It consists of a suction, discharge and intake pipes which are connected by valves at both ends. The pump has three separate sections, namely impeller, vane and gearbox that works on centrifugal force by using three interlocking rotating impellers mounted together at a common hub with main shaft running through it.
Application Insights:
Onshore application dominated the global fuel engine mud pump market in 2017, accounting for over 60% of the overall revenue share. The segment is expected to maintain its dominance over the forecast period owing to rising demand from onshore oil fields. In addition, factors such as growing concerns regarding environmental pollution and energy security are likely to drive industry growth in this segment.
The offshore application is projected to witness significant growth during the forecast period owing to increasing investments by oil & gas companies for developing new offshore oilfields. For instance, according with EIA estimates; around USD 3 trillion worth of untapped conventional and unconventional resources are estimated remaining undersea waiting to be extracted globally which if developed would exceed current reserves by around 40%. Such trends indicate a high potential for offshore investment which will boost product demand in near future years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a significant rise in demand for fuel engine-based mud pumps owing to their easy installation, low maintenance cost, and high efficiency. Moreover, rising offshore drilling activities coupled with increasing onshore exploration activities are likely to drive product demand over the coming years.
The Middle East & Africa is anticipated to witness substantial growth during the forecast period owing to growing oil & gas industry across countries such as Saudi Arabia and UAE. In addition, increasing government spending on unconventional energy resources such as shale gas reserves of U.S., Canada, China etc., will augment regional growth further. However, stringent environmental regulations by various regulatory bodies may hinder market development in some regions; for instance DBE regulation implemented by Environment Protection Agency (EPA) of U.
Growth Factors:
- Increasing demand for fuel engine 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 fuel engine mud pumps over the forecast period.
- Growing number of onshore drilling rigs, which is anticipated to boost the demand for fuel engine mud pumps in near future.
- Technological advancements in fuel engine mud pump technology that would improve their performance and efficiency over traditional models thereby resulting in increased adoption rates across various industries including construction, mining etcetera
Scope Of The Report
Report Attributes
Report Details
Report Title
Fuel Engine 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, Mud King Products
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
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Fuel Engine Mud Pump Market Report Segments:
The global Fuel Engine 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
- Mud King Products
Highlights of The Fuel Engine 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 Fuel Engine 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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- Product & Brand Management
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- 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?
A fuel engine mud pump is a device used to move mud and slurry through a pipeline. It is typically powered by an engine that converts the energy of fuel into rotational motion. This motion causes the mud and slurry to be pumped through the pipeline.
Some of the key players operating in the fuel engine 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, Mud King Products.
The fuel engine mud pump 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 Fuel Engine 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 Fuel Engine Mud Pump Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fuel Engine 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 Fuel Engine 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 Fuel Engine Mud Pump Market Size & Forecast, 2018-2028
4.5.1 Fuel Engine Mud Pump Market Size and Y-o-Y Growth
4.5.2 Fuel Engine Mud Pump Market Absolute $ Opportunity
Chapter 5 Global Fuel Engine 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 Fuel Engine 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 Fuel Engine 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 Fuel Engine 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 Fuel Engine 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 Fuel Engine 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 Fuel Engine Mud Pump Analysis and Forecast
9.1 Introduction
9.2 North America Fuel Engine 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 Fuel Engine 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 Fuel Engine 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 Fuel Engine Mud Pump Analysis and Forecast
10.1 Introduction
10.2 Europe Fuel Engine 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 Fuel Engine 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 Fuel Engine 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 Fuel Engine Mud Pump Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Fuel Engine 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 Fuel Engine 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 Fuel Engine 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 Fuel Engine Mud Pump Analysis and Forecast
12.1 Introduction
12.2 Latin America Fuel Engine 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 Fuel Engine 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 Fuel Engine 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) Fuel Engine Mud Pump Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Fuel Engine 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) Fuel Engine 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) Fuel Engine 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 Fuel Engine Mud Pump Market: Competitive Dashboard
14.2 Global Fuel Engine 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
14.3.15 Mud King Products
