According to Stratistics MRC, the Global Mud Pumps Market is accounted for $854.82 million in 2020 and is expected to reach $1,414.73 million by 2028 growing at a CAGR of 6.5% during the forecast period. Some of the key factors propelling the market growth include rising exploration activities, growth in R&D activities for improving shelf life of the pumps, increase in the directional & horizontal petroleum drilling activities across the world, and quickly expanding mining industry. However, high cost of drilling and environmental risks may hinder the market growth.
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On the basis of geography, Asia Pacific is expected to be the significant-growing market during the forecast period, due to the rapid industrialization & urbanization and increase in number of oil wells in the region.
Some of the key players in Mud Pumps Market include Sulzer AG, Weir Group, Weatherford International plc., Halliburton, Gardner Denver Inc., Schlumberger Limited, KSB Group, Xylem Inc., National Oil Varco Inc., Ohara Corporation, LEO Group, Flowserve Corporation, Honghua Group Limited, Kirloskar Ebara Pumps Limited, General Electric Company, Mud King Products, Inc., Metso, and Tsurumi Pump.
Driven Systems Covered:
• Fuel Engine
• Electric
Products Covered:
• Centrifugal Pumps
• Positive Displacement Pumps
• Quintuplex Pumps
• Hex Pumps
Operations Covered:
• Double Acting Pumps
• Single Acting Pumps
Types Covered:
• Six Cylinder
• Three Cylinder
• Double Cylinder
Components Covered:
• Power End
• Fluid End
Applications Covered:
• Offshore
• Onshore/On Land
• Drilling Equipment
End Users Covered:
• Construction (Building Industry)
• Mining
• Oil and Gas (Oil Drilling Industry)
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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