"Actionable Insights to Fuel Your Growth"

Mud Pumps Market Size, Share & Industry Analysis, By Type (Duplex, Triplex, Others), By Operation (Electric, Fuel Engine), By Application (Oil & Gas, Mining, Construction, Others) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI101574 | Status : Ongoing

 

KEY MARKET INSIGHTS

Mud pumps are the pumps deployed in the oil and gas industry, mainly to circulate drilling fluids and other kinds of fluids in and out of the drilled wells for exploration. The mud pumps transfer the fluids at a very high pressure inside the well using the piston arrangement. The number of pistons decides the displacement and efficiency of working of the mud pumps, originally only dual piston pumps and three-piston pumps were used, but the technological advancements have seen pumps with five and six pistons to come up. Currently the triplex pumps which have three pistons are used, but the duplex pumps having two pumps are still deployed in the developing countries. 


Based on its types, global mud pump market can be segmented into duplex, triplex, and others. The triplex mud pumps will dominate the mud pump marking in the given forecast period owing to its advantages and ongoing replacement of duplex pumps with triplex pumps. Based on operation, the global mud pumps market can be segmented into electric and fuel engine.

Key Market Driver -

Key Market Driver – Increasing exploration activities to satisfy the energy demand.

Key Market Restraint -

Key Market Restraint – Drift towards clean energy generation.


The electric mud pumps will dominate the market during the given forecast period due to the advantage of eliminating the harmful carbon emission which is done in the case of fuel engine pumps. Based on its application, the global mud pumps market can be segmented into oil & gas, mining, construction, and others.

The major market driver for the global mud pumps market is the increasing exploration activities taking place in various regions of the world to satisfy the increased energy demand. The number of drilled wells has increased in recent years, which has certainly impacted the growth of the mud pumps market in both oil & gas and mining sectors.

Key market restraint for the global mud pumps market is the drift towards the cleaner sources of energy to reduce the carbon emissions, which will certainly decrease the demand for oil & gas and therefore will have a negative impact on the growth of the global mud pumps market.

Key Players Covered


Some of the notable companies in the global mud pump market are Mud King Products, Inc. Gardner Denver Pumps, Weatherford, Schlumberger, National Oilwell Varco, China National Petroleum Corporation, Flowserve Corporation, MHWirth, American Block, Herrenknecht Vertical Gmbh, Bentec GmbH Drilling & Oilfield Systems, Drillmec Inc, Sun Machinery Company, Shale Pumps, and Dhiraj Rigs.

Regional Analysis


The global mud pump market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Owing to the well-established production sector and stable exploration industry North America holds the largest market for the mud pumps. The onshore exploration activities of oil & gas have increased at a good rate in the North America region, which has certainly boosted the growth of the mud pumps market in the region.

To gain extensive insights into the market, Request for Customization


The demand from Europe and Asia Pacific has also increased due to exploration activities in both the regions owing to the increased energy demand. The energy demand specifically in the Asia Pacific has increased due to the increased population and urbanization. The Middle East and Africa also hold significant opportunities for the mud pumps market with increased exploration activities in the given forecast period.   

Segmentation


























 ATTRIBUTE

 DETAILS

By Type



  • Duplex

  • Triplex

  • Others



By Operation



  • Electric

  • Fuel Engine



By Application



  • Oil & Gas

  • Mining

  • Construction

  • Others



By Geography



  • North America (the USA and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico and Rest of Latin America)

  • Middle East & Africa (GCC, South Africa, and Rest of the Middle East & Africa)



                       

Key Industry Developments



  • In August 2018, Henderson which is a leading company in sales and service of drilling rigs, and capital drilling equipment in Texas signed a contract with Energy Drilling Company for the purchase and upgrade of oil field equipment’s which included three 1600hp × 7500psi mud pumps.  This will be the first refurbishment completed at Henderson’s new service center and rig yard.

  • In January 2018, Koltek Energy Services launched the 99-acre facility for the testing of the oil field equipment in Oklahoma. This will allow the oil field equipment manufacturers to test their equipment at any given time. The company has deployed the MZ-9 pump which has a power rating of 1000Hp.





  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Energy & Power Clients

Itic
Hitachi
Caterpillar
UL
Nikon

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X