Global Multi-Phase Production Pumps Market - Growth, Trends, and Forecasts (2017 - 2022)

Published - Jan 2017 | Category - Energy and Power | No. of Pages - 125 | Published By - Mordor Intelligence

Report Highlights

The Global Multi-Phase Production Pumps Market was valued at USD XX.XX in 2015 and is projected to reach USD XX.XX by 2022, at a CAGR of XX.XX% during the forecast period from 2015 to 2022.

The global multi-phase production pumps market has been segmented on the basis of application areas into onshore and offshore. On the basis of type of formation, the market has been segmented into conventional and unconventional. Lastly, on the basis of geography, the market has been segmented into North America (U.S., Canada, and Gulf of Mexico), Asia-Pacific (China, India, Indonesia, Australia, and others), Europe (U.K., North Sea, Netherlands, and others), South & Central America (Brazil, Venezuela, Argentina, and others), and Middle East & Africa (Saudi Arabia, Algeria, Nigeria, and others).

Multiphase production pumps are useful in remote or subsea multiphase pressure boosting operations. The pump selection can be based on multiple defined operating points. Multiphase pumps should therefore be designed to be able to adapt to different operating parameters by having a wide operating envelope. Flow rates and pressure predictions are seldom certain. The design of production facilities is generally based on extrapolations from the results of exploration well tests, delineation wells, and reservoir characterization.    

Factors, such as shale boom in a few regions, increasing offshore drilling activity across the world, and the quest to find potential untapped oil & gas reserves, are driving the market growth for construction services in the oil & gas sector. However, political instability, initial cost of investment, and environmental concerns are some of the factors that are restraining the growth of this market.    

North America is expected to lead the market in the coming years. The North American market would be primarily driven by increasing the shale activity across the United States and Canada and the increasing offshore exploration in the Gulf of Mexico. Europe and Asia-Pacific are growing rapidly in terms of market demand. The demand is high particularly in some countries, such as China, India, the United Kingdom, and the Netherlands. The North Sea region presents a decent market opportunity for construction services segment, as its new exploration activity is at an all-time high owing to the decreasing production levels since the last few years and going into much deeper waters to find new oil & gas reserves.    

Regions, such as South & Central America and Africa, are expected to share a decent share of market demand in the coming years, although there are some factors that are restraining the oil & gas activity in these regions. Africas oil & gas industry has suffered from various political and social scenarios, such as internal wars and corruption. There was a problem of piracy as well, but it has been handled well by authorities and is now dwindled. Additionally, there is a tremendous improvement in security across different countries in the region, helping the companies to look into this region again, and thereby boosting the oil & gas industry.    

Major players of this market are Baker Hughes Inc., BP Plc, SPP Pumps, Royal Dutch Shell Plc, Waste Corp., and FMC Technologies among others.

Key Deliverables in the Study:

Market analysis for the Global Multi-Phase Production Pumps Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the global multi-phase production pumps market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

 

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