Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Multiphase Pumps Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 3.1% during the review period (2022 to 2027).
The market for global multiphase production pumps is expected to be driven by factors such as the increased offshore drilling activity across the world, shale boom in a few regions, the thirst to find potential untapped oil and gas reserves among a host of others. The growing tilt towards the use of renewable resources and technological advancements which have made it feasible to run vehicles to run on these alternate sources of fuel are some of the challenges facing this market.
Top Key players in the Multiphase Pumps Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Multiphase Pumps Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes ITT Bornemann, Leistritz, Sulzer, Flowserve, Colfax, Schlumberger, NOV, NETZSCH, HMS, SEEPEX and others.
Industry News:
ITT Bornemann Launches Hermetically Sealed Twin Screw Pump for Chemical and Petrochemical Sectors
FRANKFURT, GERMANY, June 11, 2018 – ITT Inc.'s (NYSE: ITT)
ITT Bornemann, a leader in twin screw pumping technology, today launched the SLW, a hermetically-sealed pump, providing customers with an environmentally-friendly, competitively priced pump.
By Type, it is segmented into
Applications:
The Asia-Pacific oil and gas market has declined strongly in value in recent years, but the market is expected to bounce back and post strong growth in the forecast period. The Chinese oil and gas market, much like the rest of the world’s oil and gas markets, has been hit hard by the decline in crude oil prices. A general slowdown in the Chinese economy has also impacted the country’s oil and gas market negatively as demand has gradually started decelerating. A slump in the value of the Yuan is also affecting the profit margins of players in the Chinese market, as importing oil which is increasingly becoming the norm in China as domestic production declines, has become more expensive. The level of volume growth in the Asia-Pacific region varies greatly depending on the country. Some of the more mature economies in the region, such as Japan for example, are witnessing negative volume growth whereas the less mature markets such as Malaysia are witnessing strong volume growth. Meanwhile China is undergoing an economic transformation from a manufacturing-focused economy to a service focused economy.
All these factors greatly affect the Multiphase Pumps Market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,
The Multiphase Pumps Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Multiphase Pumps Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes
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Report Details |
Forecast Period 2022 to 2028 CAGR |
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By Type |
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By Applications |
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By Companies
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| ITT Bornemann, Leistritz, Sulzer, Flowserve, Colfax, Schlumberger, NOV, NETZSCH, HMS, SEEPEX |
Regions Covered
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2021 |
Forecast Year
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2022 to 2027 |
Number of Pages |
| 92 |
Customization Available
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| Yes, the report can be customized as per your needs |
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
What is the study period of this market?
The Multiphase Pumps Market is studied from 2017 - 2027.
What is the growth rate of Multiphase Pumps Market?
The Multiphase Pumps Market is growing at a CAGR of 3.1% over the next 5 years.
Who are the key players in Multiphase Pumps Market?
ITT Bornemann, Leistritz, Sulzer, Flowserve, Colfax, Schlumberger, NOV, NETZSCH, HMS, SEEPEX
What region does this Multiphase Pumps Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Multiphase Pumps Market?
Onshore, Offshore,Others
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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