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Mud Pumps Market Research Report - Forecast to 2030

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 2030

ID: MRFR/E&P/1055-HCR | December 2022 | Region: Global | 120 Pages         

Mud Pumps Market

Mud Pumps Market is projected to Reach USD 872.2 Million, at a CAGR of 3.4% during 2022 - 2030.

Segmentation

By Type Duplex Pumps Triplex Pumps Others
By Component Fluid End Power End
By Application Oil and Gas Industry Building Industry

Key Players

  • Flowserve (U.S.)
  • Grundfos (Denmark)
  • Halliburton (U.S.)
  • Sulzer (Switzerland)
  • KSB Group (Germany)
  • Ebara Corporation (Japan)
  • Weir Group (U.K)
  • SRS Crisafulli
  • Inc (U.S.)
  • Tsurumi Pump (Japan)
  • Shijiazhuang Industrial Pump Factory Co. Ltd
  • Excellence Pump Industry Co.Ltd
  • Kirloskar Ebara Pumps Limited (India)
  • Xylem Inc (U.S.)
  • Goulds Pumps (U.S.)

Drivers

  • Increased demand for directional and horizonal drilling
  • Global rise in demand for energy boosts
  • Higher pressure handling capabilities
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Mud pumps market is projected to grow USD 872.2 million at a CAGR of 3.4% during the forecast period 2022 - 2030.


Mud Pumps Market Scenario


The mud pumps market size is expected to grow at a significant rate during the forecast period. A mud pump is a large, high-pressure (up to 7500 psi), single-acting triplex reciprocating pump used to circulate mud in a well at a specific flow rate (between 100 and 1300 gallons per minute). Instead of a triplex reciprocating pump, a double-acting two-cylinder reciprocating pump is occasionally utilized as a mud pump. Typically, a rig operator keeps two or three mud pumps on hand, one of which is active and the others on standby in case of an emergency. Mud is gathered up with the use of mud pumps, which use suction to circulate the mud from the wellbore to the surface during the drilling process.


Increased demand for directional and horizontal drilling, higher pressure handling capabilities, and some new oil discoveries are the main drivers of this market's growth. Mud pumps are specialized pumps that are used to transport and circulate drilling fluids and other related fluids in a variety of industries, including mining and onshore and offshore oil and gas. The global energy demand is boosting the market for mud pumps. However, high drilling costs, environmental concerns, and shifting government energy and power laws may stymie industry growth.


Innovation in technology is the key for further growth for example, MTeq uses Energy Recovery’s Pressure exchanger technology in the drilling industry, as the ultimate engineered solution to increase productivity and reduce operating costs in pumping process by rerouting rough fluids away from high-pressure pumps, which helps reduce the cost of maintenance for operators.


Mud Pumps Market Key Players


The major key player in global mud pumps market are Flowserve (U.S.), Grundfos (Denmark), Halliburton (U.S.), Sulzer (Switzerland), KSB Group (Germany), Ebara Corporation (Japan), Weir Group (U.K), and SRS Crisafulli, Inc (U.S.). Tsurumi Pump (Japan), Shijiazhuang Industrial Pump Factory Co. Ltd (China), Excellence Pump Industry Co.Ltd (China), Kirloskar Ebara Pumps Limited (India), Xylem Inc (U.S.), and Goulds Pumps (U.S.) are among others.


Industry News


For oil drilling, LEWCO has created the W-3000 mud pump model, which can handle up to 3000 HP.



  • In the drilling business, MTeq uses Energy Recovery's Pressure exchanger technology as the ultimate engineering solution to boost productivity and lower operating costs in the pumping process by rerouting abrasive fluids away from high-pressure pumps, which helps operators save money on maintenance. The latest trend reveals that regulatory agencies are persuading manufacturers and consumers to choose electric mud pumps over fuel engine mud pumps to reduce the environmental impact of fuel engine mud pumps.


Mud Pumps Market Segmentation


The global mud pumps market is segmented on the basis of type (duplex pump, triplex pump, and others), component (fluid end and power end), application (oil & gas industry and building industry), and Region (North America, Europe, Asia Pacific, and Rest of the World).


Based on type, mud pumps can be segmented as duplex and triplex pumps. Triplex pumps are expected to progress because of the ~30.0% lesser weight than duplex pumps offering similar efficiency. The pump transfers the fluids with the help of mechanical movements.  


Based on component, mud pumps can be segmented as fluid end and power end.


Based on application, mud pumps market can be segmented as oil & gas industry and building industry. As oil and gas fields going mature, operators must drill wells with large offset, high laterals, widening their applicability by using mud motors, and high-pressure pumps. To fulfill the demand drilling companies increase their mud pumping installation capacity, with higher flexibility. For instance, LEWCO has developed W-3000 mud pump model for oil drilling, which can handle power up to 3000 HP.


Mud Pumps


Mud Pumps Market Regional Analysis


Based on region, North America is predominant because of tight oil and shale gas sources, followed by Asia-Pacific due to the increased number of wells in the regions, especially in countries such as China and India due to the rapid urbanization and industrialization. Authorities in countries such as India, China are working on enhancing their production capacities for reducing the import bills, which ultimately help in the growth of mud pumps market.


This market is broadly driven by oil and gas industry as mud pumps are used to move massive amount of sludge and mud at the time of drilling. Countries such as China, Russia, Saudi Arabia, and the U.S. have the largest number of oil wells. The demand for mud pumps will increase with the number of oil wells, across the globe.



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD 872.2 Million
  CAGR   3.4% CAGR (2022-2030)
  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, Component and Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Flowserve (U.S.), Grundfos (Denmark), Halliburton (U.S.), Sulzer (Switzerland), KSB Group (Germany), Ebara Corporation (Japan), Weir Group (U.K), and SRS Crisafulli, Inc (U.S.). Tsurumi Pump (Japan), Shijiazhuang Industrial Pump Factory Co. Ltd (China), Excellence Pump Industry Co.,Ltd (China), Kirloskar Ebara Pumps Limited (India), Xylem Inc (U.S.), and Goulds Pumps (U.S.) are among others.
  Key Market Opportunities   Global rise in demand for energy boosts
  Key Market Drivers

  • Increased demand for directional and horizonal drilling
  • Higher pressure handling capabilities


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    Frequently Asked Questions (FAQ) :

    A large amount of sludge generated at the time of drilling during the extraction of oil is pressing the need for mud pumps. This can spur the global mud pump market growth, reveals Market Research Future (MRFR). MRFR analysis, suggests that the worldwide mud pump market can tap into 3.4% CAGR in the study period (2022-2030). However, drilling activities can be a threat to the environment. This can set a bar to the expansion of the global mud pumps market.

    The oil and gas industry is the high end-user of mud pumps. A large number of oil reserves has been spotted that are demanding mud pump for extraction of oil. Thus, the oil and gas sector can make high business for the global mud pumps market. The growing demand for mud pumps in the building and construction sector can also propel their market.

    The prominent developers of the mud pump market are Flowserve (U.S.), Grundfos (Denmark), Halliburton (U.S.), Sulzer (Switzerland), KSB Group (Germany), Ebara Corporation (Japan), Weir Group (U.K), and SRS Crisafulli, Inc (U.S.). Tsurumi Pump (Japan), Shijiazhuang Industrial Pump Factory Co. Ltd (China), Excellence Pump Industry Co.,Ltd (China), and others.

    North America, followed by Asia Pacific, is expected to experience a sharp rise in revenue generation. After North America, APAC is expected to register the highest CAGR in the assessment period. In North America, an increase in oil exploration activities are observed. Along with the growing consumption of hydrocarbon. These are causes that are expected to make business for the North America mud pump market. The rapid proliferation of the oil and gas sector in APAC to support the regional mud pumps market surge.