Mud Pumps Market Research Report - Forecast to 2027

Mud Pumps Market Research Report: Information by type (duplex pumps, triplex pumps, and others), by component (fluid end and power end), by application (oil and gas industry, and building industry), and by Regions – Forecast till 2027

ID: MRFR/E&P/1055-HCR | February 2021 | Region: Global | 120 pages

Impact of COVID-19 on the Mud Pumps Market
Mud Pumps Market


 Source: Primary Experts, Secondary Sources, and MRFR Analysis


Oil price volatility has always been a challenging element in the oil & gas industry. Oil prices have been declining in the last three to four years. However, the recent COVID-19 pandemic has led to disruptions in the oil demand and had a severe impact on financial markets. The COVID-19 crisis has affected various industries, including energy & power, automotive, and chemicals. However, due to the lockdown, people and goods are not moving around, resulting in a heavy blow to the demand for transport fuels. China is one of the largest importers of oil and has shown a steep fall in demand, which has led to significant implications for the global oil & gas market. The Organization of the Petroleum Exporting Committee (OPEC) issued guidelines for oil producers to cut oil production by 1.5 million barrels. This guideline had to be followed by other countries as well. However, few countries continued to produce oil at the same level, resulting in a steady production level compared to a fall in oil requirements. This resulted in a huge demand-supply gap in the industry due to global lockdown by most countries because of the outbreak. The COVID-19 crisis resulted in an unprecedented fall in oil prices, reaching negative. The sudden cut in oil production has posed strategic challenges that must be faced by leading oil & gas companies.


Crude Oil Production in the US (20122021)


Source: US Energy Information Administration and Short-Term Energy Outlook (STEO)


The market for mud pumps has also been affected due to reduced upstream activities. A mud pump is a large, high-pressure single acting triplex reciprocating pump used to circulate mud in wells with pressure. However, the operations of oil & gas exploration could be stopped to a certain extent. If the production stops, the oil wells would be sealed, which might risk the loss of the asset permanently. This would lead to huge losses and lower than zero dividends by the oil companies to the pension funds, especially in North America and Europe. On 15th May 2020, the Energy Information Administration (EIA) announced its forecast on crude oil production fall in the year 2020 and 2021 due to the falling demand for petroleum products because of the pandemic. EIA forecasts that the US crude oil production would average at 11.7 million barrels per day in 2020 and 10.9 million barrels per day in 2021. These levels would be lower than the 2019 average of 12.2 million barrels per day.

Table of content

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining power of buyers

3.1.3 Bargaining power of suppliers

3.1.4 Threat of substitutes

3.1.5 Segment rivalry

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

5 Global Mud Pumps Market, By Type

5.1 Introduction

5.2 Duplex pump

5.2.1 Market Estimates & Forecast, 2020-2027

5.2.2 Market Estimates & Forecast by Region, 2020-2027

5.3 Triplex pump

5.3.1 Market Estimates & Forecast, 2020-2027

5.3.2 Market Estimates & Forecast by Region, 2020-2027

5.4 Others

5.4.1 Market Estimates & Forecast, 2020-2027

5.4.2 Market Estimates & Forecast by Region, 2020-2027

6 Global Mud Pumps Market, By Component

6.1 Introduction

6.2 Fluid end

6.2.1 Market Estimates & Forecast, 2020-2027

6.2.2 Market Estimates & Forecast by Region, 2020-2027

6.3 Power end

6.3.1 Market Estimates & Forecast, 2020-2027

6.3.2 Market Estimates & Forecast by Region, 2020-2027

7 Global Mud Pumps Market, By Application

7.1 Introduction

7.2 Oil & gas industry

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Building industry

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

8 Global Mud Pumps Market, By Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Type, 2020-2027

8.2.3 Market Estimates & Forecast by Component, 2020-2027

8.2.4 Market Estimates & Forecast by Application, 2020-2027

8.2.5 U.S.

8.2.5.1 Market Estimates & Forecast, 2020-2027

8.2.5.2 Market Estimates & Forecast by Type, 2020-2027

8.2.5.3 Market Estimates & Forecast by Component, 2020-2027

8.2.5.4 Market Estimates & Forecast by Application, 2020-2027

8.2.5 Canada

8.2.5.1 Market Estimates & Forecast, 2020-2027

8.2.5.2 Market Estimates & Forecast by Type, 2020-2027

8.2.5.3 Market Estimates & Forecast by Component, 2020-2027

8.2.5.4 Market Estimates & Forecast by Application, 2020-2027

8.3 Europe

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Type, 2020-2027

8.3.3 Market Estimates & Forecast by Component, 2020-2027

8.3.4 Market Estimates & Forecast by Application, 2020-2027

8.3.5 Russia

8.3.5.1 Market Estimates & Forecast, 2020-2027

8.3.5.2 Market Estimates & Forecast by Type, 2020-2027

8.3.5.3 Market Estimates & Forecast by Component, 2020-2027

8.3.5.4 Market Estimates & Forecast by Application, 2020-2027

8.3.6 Norway

8.3.6.1 Market Estimates & Forecast, 2020-2027

8.3.6.2 Market Estimates & Forecast by Type, 2020-2027

8.3.6.3 Market Estimates & Forecast by Component, 2020-2027

8.3.6.4 Market Estimates & Forecast by Application, 2020-2027

8.3.7 Rest of Europe

8.3.7.1 Market Estimates & Forecast, 2020-2027

8.3.7.2 Market Estimates & Forecast by Type, 2020-2027

8.3.7.3 Market Estimates & Forecast by Component, 2020-2027

8.3.7.4 Market Estimates & Forecast by Application, 2020-2027

8.4 Asia-Pacific

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Type, 2020-2027

8.4.3 Market Estimates & Forecast by Component, 2020-2027

8.4.4 Market Estimates & Forecast by Application, 2020-2027

8.4.5 China

8.4.5.1 Market Estimates & Forecast, 2020-2027

8.4.5.2 Market Estimates & Forecast by Type, 2020-2027

8.4.5.3 Market Estimates & Forecast by Component, 2020-2027

8.4.5.4 Market Estimates & Forecast by Application, 2020-2027

8.4.6 Australia

8.4.6.1 Market Estimates & Forecast, 2020-2027

8.4.6.2 Market Estimates & Forecast by Type, 2020-2027

8.4.6.3 Market Estimates & Forecast by Component, 2020-2027

8.4.6.4 Market Estimates & Forecast by Application, 2020-2027

8.4.7 Rest of Asia-Pacific

8.4.71 Market Estimates & Forecast, 2020-2027

8.4.7.2 Market Estimates & Forecast by Type, 2020-2027

8.4.7.3 Market Estimates & Forecast by Component, 2020-2027

8.4.7.4 Market Estimates & Forecast by Application, 2020-2027

8.5 Middle East & Africa

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Type, 2020-2027

8.5.3 Market Estimates & Forecast by Component, 2020-2027

8.5.4 Market Estimates & Forecast by Application, 2020-2027

8.6 Latin America

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast by Type, 2020-2027

8.6.3 Market Estimates & Forecast by Component, 2020-2027

8.6.4 Market Estimates & Forecast by Application, 2020-2027

8.7 Rest of the World

8.7.1 Market Estimates & Forecast, 2020-2027

8.7.2 Market Estimates & Forecast by Type, 2020-2027

8.7.3 Market Estimates & Forecast by Component, 2020-2027

8.7.4 Market Estimates & Forecast by Application, 2020-2027

9 Competitive Landscape

10 Company Profile

10.1 Flowserve (U.S.)

10.1.1 Company Overview

10.1.2 Product/Services Offering

10.1.3 Financial Overview

10.1.4 Key Developments

10.1.5 Strategy

10.1.6 SWOT Analysis

10.2 Grundfos (Denmark)

10.2.1 Company Overview

10.2.2 Product/Services Offering

10.2.3 Financial Overview

10.2.4 Key Developments

10.2.5 Strategy

10.2.6 SWOT Analysis

10.3 Halliburton (U.S.)

10.3.1 Company Overview

10.3.2 Product/Services Offering

10.3.3 Financial Overview

10.3.4 Key Developments

10.3.5 Strategy

10.3.6 SWOT Analysis

10.4 Sulzer (Switzerland)

10.4.1 Company Overview

10.4.2 Product/Services Offering

10.4.3 Financial Overview

10.4.4 Key Developments

10.4.5 Strategy

10.4.6 SWOT Analysis

10.5 KSB Group (Germany)

10.5.1 Company Overview

10.5.2 Product/Services Offering

10.5.3 Financial Overview

10.5.4 Key Developments

10.5.5 Strategy

10.5.6 SWOT Analysis

10.6 Ebara Corporation (Japan)

10.6.1 Company Overview

10.6.2 Product/Services Offering

10.6.3 Financial Overview

10.6.4 Key Developments

10.6.5 Strategy

10.6.6 SWOT Analysis

10.7 Weir Group (U.K)

10.7.1 Company Overview

10.7.2 Product/Services Offering

10.7.3 Financial Overview

10.7.4 Key Developments

10.7.5 Strategy

10.7.6 SWOT Analysis

10.8 SRS Crisafulli, Inc (U.S.)

10.8.1 Company Overview

10.8.2 Product/Services Offering

10.8.3 Financial Overview

10.8.4 Key Developments

10.8.5 Strategy

10.8.6 SWOT Analysis

11 Conclusion

12 Appendix

List of Tables

Table 1 Global Mud Pump Market: By Region, 2020-2027

Table 2 North America Mud Pump Market: By Country, 2020-2027

Table 3 Europe Mud Pump Market: By Country, 2020-2027

Table 4 Asia-Pacific Mud Pump Market: By Country, 2020-2027

Table 5 RoW Mud Pump Market: By Country, 2020-2027

Table 6 Global Mud Pump Market by Type: By Regions, 2020-2027

Table 7 North America Mud Pump Market by Type : By Country, 2020-2027

Table 8 Europe Mud Pump Market by Type : By Country, 2020-2027

Table 9 Asia-Pacific Mud Pump Market by Type : By Country, 2020-2027

Table 10 RoW Mud Pump Market by Type: By Country, 2020-2027

Table 11 Global Mud Pump Market, by Application, By Regions, 2020-2027

Table 12 North America Mud Pump Market, by Application, By Country, 2020-2027

Table 13 Europe Mud Pump Market, by Application, By Country, 2020-2027

Table 14 Asia-Pacific Mud Pump Market, by Application By Country, 2020-2027

Table 15 RoW Mud Pump Market, by Application, By Country, 2020-2027

Table 16 Global Mud Pump Market: By Region, 2020-2027

Table 17 North America Mud Pump Market, By Country

Table 18 North America Mud Pump Market, by Type

Table 19 North America Mud Pump Market, By Application

Table 20 Europe: Mud Pump Market, By Country

Table 21 Europe Mud Pump Market, by Type

Table 22 Europe: Mud Pump Market, By Application

Table 23 Asia Pacific: Mud Pump Market, By Country

Table 24 Asia Pacific: Mud Pump Market, by Type

Table 25 Asia Pacific: Mud Pump Market, By Application

Table 26 RoW: Mud Pump Market, By Region

Table 27 RoW Mud Pump Market, by Type

Table 28 RoW Mud Pump Market, By Application

List of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

FIGURE 8 GLOBAL MUD PUMP MARKETSHARE, BY TYPE 2020 (%)

FIGURE 9 GLOBAL MUD PUMP MARKET, BY TYPE, 2020-2027 (USD MILLION)

FIGURE 10 GLOBAL MUD PUMP MARKETSHARE, BY APPLICATION, 2020 (%)

FIGURE 11 GLOBAL MUD PUMP MARKET, BY REGION, 2020-2027 (USD MILLION)

FIGURE 12 NORTH AMERICA GLOBAL MUD PUMP MARKETSHARE (%), 2020

FIGURE 13 NORTH AMERICA GLOBAL MUD PUMP MARKET BY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 14 EUROPE GLOBAL MUD PUMP MARKETSHARE (%), 2020

FIGURE 15 EUROPE GLOBAL MUD PUMP MARKETBY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 16 ASIA-PACIFIC GLOBAL MUD PUMP MARKETSHARE (%), 2020

FIGURE 17 ASIA-PACIFIC GLOBAL MUD PUMP MARKET BY COUNTRY, 2020-2027 (USD MILLION)

FIGURE 18 REST OF THE WORLD GLOBAL MUD PUMP MARKETSHARE (%), 2020

FIGURE 19 REST OF THE WORLD GLOBAL MUD PUMP MARKETBY COUNTRY, 2020-2027 (USD MILLION)