Multiphase Pumps Market
Multiphase Pumps Market Global Industry Assessment & Forecast
#
Pages:
180
2021
Nov - 2021
VMR-2021-0504
Segments Covered
By
Type Twin screw multiphase pumps, Helico-axial multiphase pumps, Others
-
By
Applications Onshore, Offshore
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
380 Million |
 Revenue 2028:
|
481.3 million |
 Revenue CAGR
(2021 - 2028): |
3 |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Type Analysis: Preview On the basis of Type,
the market is segmented into Twin screw multiphase pumps, Helico-axial multiphase pumps, Others. Helico-axial multiphase pumps held the
highest share in 2020 and is expected to grow at a significant rate over the
forecast period. This is attributed to the rising demand for the Helico-axial multiphase pumps
in developing countries such as China and India. Digitalization in Asia Pacific
region has led to a surge in the usage of technology in various business
processes over the past few years. Rising adoption of online platforms across
various sectors along with analytical solutions, IoT, AI, and Blockchain
technology to gain a competitive advantage is also paving the way for the Multiphase Pumps
market growth. Applications
Analysis: Preview
Based on Applications,
the market is segmented into Onshore, Offshore. Offshore held the
largest share and is projected to grow at a notable CAGR over the coming years.
Rising demand for Multiphase Pumps in various countries
such as the U.S., Germany, China, India, and Japan, among others is likely to
support the growth of the market. Numerous companies are focusing on investing
heavily in this application to cater the end user requirements effectively.
Global Multiphase Pumps Market: Type Segment Analysis
-
- Twin screw multiphase pumps
- Helico-axial multiphase pumps
- Others
Global Multiphase Pumps Market: Applications Segment Analysis
-
- Onshore
- Offshore
FAQ
Frequently Asked Question
What is the global demand for Multiphase Pumps in terms of revenue?
-
The global Multiphase Pumps valued at 380 Million in 2020 and is expected to reach 481.3 million in 2028 growing at a CAGR of 3%.
Which are the prominent players in the market?
-
The prominent players in the market are NETZSCH, Colfax (Warren), ITT Bornemann, Baker Hughes Incorporated, Novomet, HMS Pumps, General Electric Company, Leistritz, SPX Corporation, OneSubsea, Sulzer, Flowserve Corporation, FMC Technologies..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 3% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Multiphase Pumps include
- The development of innovative products is anticipated to augment the growth of the market over the forecast period.
- The expansion and rehabilitation of existing and construction of new channelsis expected to augment the growth of the market over the forecast period.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the Multiphase Pumps in 2020.
