Horizontal Pumping Systems (HPS) Market Research Report - Global Forecast till 2030

Horizontal Pumping Systems (HPS) Market Research Report: Information By Type (Under 100 HP, 100-600 HP and Above 600 HP), By End Use (Industrial, Oil & Natural Gas, Mining and Others) - Forecast till 2030

ID: MRFR/E&P/8928-CR | February 2021 | Region: Global | 155 pages

Horizontal Pumping Systems Market Synopsis


Horizontal pumping systems are horizontal multistage surface pumping systems that are used for fluid handling requirements in various applications in the oil & gas, mining, and industrial verticals. This type of pumping system is user-friendly and offers several advantages, such as high reliability, high flow rate, and low maintenance costs. A wide range of horizontal pumping systems is available in the market, depending upon the horsepower requirement and flow rates.


The factors driving the demand for horizontal pumping systems are the increasing oil and gas exploration and production (E&P) and the increasing use of horizontal pumping systems in industrial applications. Horizontal pumping systems are used for surface pumping applications in the oil & gas industry for the movement of gases and fluids. These pumps are used in various operations in upstream, midstream, and downstream activities in the oil & gas industry, such as pipeline booster, water injection, CO2 injection, jet pumping, crude oil and gas transfer, reservoir pressure maintenance, salt cavern leaching, and amine circulation systems. The rising developments in the overall oil & gas industry are expected to grow exponentially in the coming years, resulting in a surge in demand for horizontal pumping systems in the oil & gas industry.


Furthermore, the increase in the demand for horizontal pumping systems runs parallel with factors such as rapid urbanization, increasing population, and increased per capita income, which has led to the tremendous growth in the mining, agriculture, marine, municipalities, and water & wastewater treatment industries across the globe. Horizontal pumping systems are multistage surface pumping systems used for various operations such as water flooding, boiler feed water, mine de-watering, drainage, liquid transfer, and fluid treatment & distribution in the mining, marine, water & wastewater treatment applications. The low maintenance costs, lesser vibration, and high flow rate of these pumping systems are additional factors boosting the demand for horizontal pumping systems in industrial applications.


Prominent Players


The Prominent Players operating in the Global Horizontal Pumping Systems (HPS) Market are Schlumberger Limited (US), General Electric (US), Halliburton (US), Novomet (Russia), Weatherford International Plc (US), National Oilwell Varco, Inc. (US), Canadian Advanced ESP Inc. (Canada), Borets (US), Submersible Pumps, Inc. (US), and HOSS Pump Systems (US).  


Segmentation: Global Horizontal Pumping Systems (HPS) Market
Horizontal Pumping Systems (HPS) Market


Global Horizontal Pumping Systems (HPS) Market is segmented based on Type, End Use, and Region. By type, the global market has been segmented into under 100 HP, 100–600 HP, and above 600 HP. By end use, the global market has been segmented into industrial, oil & natural gas, mining, and others.


By Region, the horizontal pumping systems (HPS) market has been segmented into five major regions: North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The horizontal pumping systems (HPS) market in North America is estimated to account for the largest market share due to the increasing per capita energy consumption and E&P of oil and gas. As per the data furnished in the BP Statistical Review of World Energy Report, 2020, in 2019, the oil and natural gas production in North America grew by 7.3% and 7.4%, respectively, as compared to the previous year. In addition to this, an increase in the E&P of oil and gas surges the demand for horizontal pumping systems that are used in various applications in the oil & gas industry. For instance, in June 2019, W&T Offshore (US) has found an oil reserve in the Gladden Deep prospect in the Mississippi Canyon block. Such discoveries of oil and gas reserves are expected to lead to the increased demand for offshore pipelines, further increasing the demand for horizontal pumping systems during the forecast period in the region. As per the Annual Energy Outlook 2019 by the US Energy Information Administration (EIA), the production of crude oil in the US is expected to reach 14.0 million BPD by 2040. Such factors are expected to drive the growth of the horizontal pumping systems (HPS) market in North America during the forecast period.


The report for the global horizontal pumping systems (HPS) market of Market Research Future research covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historic and forecasted market size in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   2030: Substantial CAGR
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, End Use
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Schlumberger Limited (US), General Electric (US), Halliburton (US), Novomet (Russia), Weatherford International Plc (US), National Oilwell Varco, Inc. (US), Canadian Advanced ESP Inc. (Canada), Borets (US), Submersible Pumps, Inc. (US), and HOSS Pump Systems (US)
  Key Market Opportunities   rising developments in the overall oil & gas industry
  Key Market Drivers

  • increasing oil and gas exploration and production (E&P)
  • increasing use of horizontal pumping systems in industrial applications


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    Frequently Asked Questions (FAQ) :


    Global Horizontal Pumping Systems (HPS) Market is projected to grow at a high rate during the study period

    The forecast period for Horizontal Pumping Systems (HPS) market research report is 2020-2027.

    Global Horizontal Pumping Systems (HPS) market is dominated by North America region.