Mud Pump Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025
Mud pumps are
special-purpose pumps, particularly used for moving and circulating
drilling fluids and other similar fluids in several applications such
as mining and onshore and offshore oil & gas. Mud pumps are a
piston/plunger cylinder systems that are used to transfer fluids at
substantially high pressures. These pumps are operated in rugged and
hostile environments and thus, are bulky and robust. These pumps can
draw power from various sources. However, electricity and diesel are
widely used sources. Diesel-driven mud pumps are well suited for
remote and isolated applications where electricity is not
continuously available. These pumps have two major sub-assemblies
namely fluid and power ends. The power end consumes power and drives
the fluid end to pump the mud.
The mud pump market
is largely driven by the rising demand for oil & gas. Mud pumps
are largely used to move massive amount of sludge and mud during the
oil well drilling process. Countries such as the U.S., China, Canada,
Russia, India, Saudi Arabia, Oman, Argentina, and Venezuela have a
large number of oil wells. The rising number of wells is anticipated
to drive the demand for mud pumps across the globe.
Based on type, the
mud pump market can be segmented into duplex pumps, triplex pumps,
and others. Both duplex and triplex pumps have respective advantages
and disadvantages. However, triplex pumps are gradually anticipated
to significantly replace duplex pumps. Some of the key advantages of
triplex pumps over duplex pumps are 30% lower weight for similar
power output, smooth discharge, lower operating costs, ability to
displace large volumes of mud at a higher pressure than their
equivalent duplex counterparts. In terms of operation, the market can
be categorized into single acting pumps and double acting pumps.
Single acting pumps are those pumps that have only one side of the
piston working for sucking of mud. On the other hand, double acting
pumps discharge mud form one side of the piston and simultaneously
suction occurs on the other end.
In terms of
geography, the global mud pump market can be segmented into Asia
Pacific, Europe, North America, Latin America, and Middle East &
Africa. Asia Pacific is a key region of the mud pump market, due to
the increase in number of oil wells in the region. China and India
are significant contributors to the high number of well drilled in
the region. In year 2016, China had 15,800 wells for oil and/or gas.
North America is another key region of the mud pumps market. The U.S.
is constantly adding new oil wells. This has elevated the demand for
mud pumps in the region. North America is also a prominent region of
the mud pump market, as the region is a prominent producer of oil &
gas. Its major source is tight oil and shale gas, which requires
extensive drilling. Middle East & Africa is also a lucrative
region of the mud pump market, primarily due to the presence of a
large number of crude oil and natural gas reserves and infrastructure
development in GCC and South Africa.
Key players
operating in the global Mud Pump market include Sulzer AG, SRS
Crisafulli, Inc, Flowserve Corporation, Xylem Inc., Grundfos Group,
The General Electric Company, and KSB Group.
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The report offers a
comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections
about market size. The projections featured in the report have been
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so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited
to: Regional markets, technology, types, and applications.
The study is a
source of reliable data on:
Market segments and
sub-segments
Market trends and
dynamics
Supply and demand
Market size
Current
trends/opportunities/challenges
Competitive
landscape
Technological
breakthroughs
Value chain and
stakeholder analysis
The regional
analysis covers:
North America (U.S.
and Canada)
Latin America
(Mexico, Brazil, Peru, Chile, and others)
Western Europe
(Germany, U.K., France, Spain, Italy, Nordic countries, Belgium,
Netherlands, and Luxembourg)
Eastern Europe
(Poland and Russia)
Asia Pacific (China,
India, Japan, ASEAN, Australia, and New Zealand)
Middle East and
Africa (GCC, Southern Africa, and North Africa)
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