Global Multiphase Pumps Market accounted for USD 380 million in 2019 and is expected to reach around USD 450 million globally by 2024, at a CAGR of 3.0% between 2019 and 2024

Multiphase Pumps that can handle the complete production from a well (oil, natural gas, water and sand, for example) without needing to separate or process the production stream near or at the wellhead. This reduces the cost associated with the surface facilities. Using multiphase pumps allows development of remote locations or previously uneconomical fields. Additionally, since the surface equipment, including separators, heater-treaters, dehydrators and pipes, is reduced, the impact on the environment is also reduced. Multiphase pumps can handle high gas volumes as well as the slugging and different flow regimes associated with multiphase production. Multiphase pumps include twin-screw pumps, piston pumps and helicoaxial pumps.

The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.

The worldwide market for Multiphase Pumps is expected to grow at a CAGR of roughly 3.0% over the next five years, will reach 450 million US$ in 2024, from 380 million US$ in 2019.

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Market Segment by Manufacturers, this report covers
ITT Bornemann
Leistritz
Sulzer
Flowserve
Colfax
Schlumberger
NOV
NETZSCH
HMS
SEEPEX

Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers
Twin screw multiphase pumps
Helico-axial multiphase pumps
Others

Market Segment by Applications, can be divided into
Onshore
Offshore

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The Global Multiphase Pumps Market 2019 is further emphasis on the basis of product pricing, Multiphase Pumps production volume, data pertaining to demand and Multiphase Pumps supply, and the revenue garnered by the product. The report offers upstream and downstream analysis covering major raw material used in manufacturing of Multiphase Pumps along with detailed manufacturing sources. The report also offers list of major raw material manufacturers along with their manufacturing locations. Comprehensive raw material price trend analysis along with manufacturing cost analysis is also incorporated into the report. Diverse methodical tools such as investment returns, feasibility, SWOT analysis and market attractiveness analysis has been implemented in the research study to show a comprehensive, detailed research study of the industry for Multiphase Pumps across the globe.

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