Market Overview:
The global multiphase pumps market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oil and gas across the globe. Additionally, rising investments in offshore drilling are also expected to drive the growth of this market during the forecast period. Onshore applications accounted for majority of the share in 2017 and is projected to maintain its dominance throughout the forecast period.
Product Definition:
Multiphase pumps are used to move two or more fluids, which can be either liquids or gases, at the same time. This type of pump is often used in oil and gas production and refining operations, as well as in wastewater treatment plants. Multiphase pumps are important because they can help to improve the efficiency of these types of operations.
Twin screw multiphase pumps:
The twin screw multiphase pumps are used to transfer liquid in two different containers with two different speeds. It is mainly used for the oil and water based chemicals, pharmaceuticals, food & beverage industries. The major factor that propels the growth of this market includes its ability to handle high viscosity media which are not possible through other types of multiphase pumps.
Helico-axial multiphase pumps:
Helico-axial multiphase pumps are axial flow multiphase pumps that uses both helical and axial flow as a means of transferring fluid. The main advantage of using Helico-axial Multiphase Pumps is that it can be used to transfer fluids at high viscosities in both directions, unlike other conventional single phase or two-phase pumps which are only capable of moving the fluids in a forward direction.
Application Insights:
Onshore application dominated the global multiphase pumps market in 2017, accounting for over 60.0% share of the total revenue. The segment is expected to witness significant growth on account of rising demand from oil & gas and chemical industries across various regions including Asia Pacific, Middle East and Africa, North America.
The offshore application is projected to expand at a CAGR exceeding 7% during the forecast period owing to increasing demand from oil & gas industry which mainly involves hydraulic drilling operations for deep-water exploration activities along with associated risks involved in operating at sea level or greater than ground level such as pressure differentials between surface water and underwater areas that can create hazards for marine craft nearby if not taken care of properly.
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 increase in exploration activities coupled with growing demand for oil & gas from emerging economies such as China, India, and Japan. This trend is projected to continue over the next eight years which will benefit market growth.
The Middle East & Africa (MEA) region also holds a prominent position in terms of revenue generation owing to increasing offshore projects across countries such as Saudi Arabia and UAE. In addition, rising demand for energy resources due to rapid industrialization along with increasing population is anticipated to fuel product demand across various applications including power generation and desalination plants within MEA region during the forecast period.
Growth Factors:
- Increasing demand from the oil and gas industry for multiphase pumps for efficient production of hydrocarbons
- Rising demand from the chemical and petrochemical industries for multiphase pumps to handle complex fluids
- Growing investments in infrastructure development, which is expected to drive the need for multiphase pumps in various end-use industries
- Proliferation of new applications of multiphase pumps across different industrial sectors
- Technological advancements that are resulting in more energy-efficient and reliable multiphase pump designs
Scope Of The Report
Report Attributes
Report Details
Report Title
Multiphase Pumps Market Research Report
By Type
Twin screw multiphase pumps, Helico-axial multiphase pumps, Others
By Application
Onshore, Offshore
By Companies
ITT Bornemann, Leistritz, Sulzer, Flowserve, CIRCOR, Schlumberger, NOV, Netzsch GmbH, HMS, Seepex GmbH
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
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global Multiphase Pumps Market Report Segments:
The global Multiphase Pumps market is segmented on the basis of:
Types
Twin screw multiphase pumps, Helico-axial multiphase pumps, Others
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:
- ITT Bornemann
- Leistritz
- Sulzer
- Flowserve
- CIRCOR
- Schlumberger
- NOV
- Netzsch GmbH
- HMS
- Seepex GmbH
Highlights of The Multiphase Pumps 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:
- Twin screw multiphase pumps
- Helico-axial multiphase pumps
- Others
- 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 Multiphase Pumps 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?
Multiphase pumps are a type of pump that can move fluid in multiple directions. This makes them useful for tasks like moving water, oil, or gas. They're also used in industrial processes like chemical manufacturing and food processing.
Some of the key players operating in the multiphase pumps market are ITT Bornemann, Leistritz, Sulzer, Flowserve, CIRCOR, Schlumberger, NOV, Netzsch GmbH, HMS, Seepex GmbH.
The multiphase pumps 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 Multiphase Pumps 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 Multiphase Pumps Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Multiphase Pumps 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 Multiphase Pumps 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 Multiphase Pumps Market Size & Forecast, 2020-2028
4.5.1 Multiphase Pumps Market Size and Y-o-Y Growth
4.5.2 Multiphase Pumps 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 Twin screw multiphase pumps
5.2.2 Helico-axial multiphase pumps
5.2.3 Others
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 Onshore
6.2.2 Offshore
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multiphase Pumps 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 Multiphase Pumps 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 Twin screw multiphase pumps
9.6.2 Helico-axial multiphase pumps
9.6.3 Others
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 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 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 Twin screw multiphase pumps
10.6.2 Helico-axial multiphase pumps
10.6.3 Others
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 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 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 Twin screw multiphase pumps
11.6.2 Helico-axial multiphase pumps
11.6.3 Others
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 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 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 Twin screw multiphase pumps
12.6.2 Helico-axial multiphase pumps
12.6.3 Others
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 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) 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 Twin screw multiphase pumps
13.6.2 Helico-axial multiphase pumps
13.6.3 Others
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 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 Multiphase Pumps Market: Competitive Dashboard
14.2 Global Multiphase Pumps Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ITT Bornemann
14.3.2 Leistritz
14.3.3 Sulzer
14.3.4 Flowserve
14.3.5 CIRCOR
14.3.6 Schlumberger
14.3.7 NOV
14.3.8 Netzsch GmbH
14.3.9 HMS
14.3.10 Seepex GmbH
