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Horizontal Surface Pumps Market Forecast Driven by Industrial Efficiency and Energy Flexibility | Valuates Reports
Horizontal Surface Pumps Market SizeThe global Horizontal Surface Pumps market was valued at US$ 472.9 million in 2023 and is anticipated to reach US$ 601.8 million by 2030, witnessing a CAGR of 3.4% during the forecast period 2024-2030.
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The horizontal surface pumps market is experiencing steady market growth, underpinned by rising demand for reliable fluid transfer systems and increasing industry focus on operational energy flexibility. The market size continues to grow as end-users seek pumps that offer durability, efficiency, and adaptability across different sectors.
By pump type, conventional pumps currently hold the largest market share, valued for their established performance and compatibility with a wide range of industrial and process applications. Electric side-mount units follow closely, gaining traction for their cleaner operation and lower emissions in environments prioritizing energy efficiency. Gas-driven side-mount pumps occupy a meaningful share in regions with limited electrical infrastructure and where portability is essential. Mini units, designed for low-flow or precision applications, constitute a smaller but growing segment, reflecting market trends toward compact and specialty pumping solutions.
Regarding application, the industrial sector leads the market size, as these pumps serve processing, manufacturing, water treatment, and HVAC systems across a range of industries. The oil & natural gas industry follows, relying on horizontal surface pumps for transfer, flushing, and utility applications within upstream and downstream operations. The mining industry also captures a notable share, driven by demands for robust dewatering solutions and slurry handling in challenging environments.
Overall, the horizontal surface pumps market forecast indicates sustained market growth, supported by ongoing innovation in pump design, increasing energy system diversification, and broadening use across industrial, oil & gas, and mining applications.
Segment by Type
• Conventional
• Electric Side Mount
• Gas Driven Side Mount
• The Mini Unit
Segment by Application
• Industrial
• Oil & Natural Gas Industry
• Mining Industry
By Company
Schlumberger(SLB), GE(Baker Hughes), GE, Borets, Weatherford, Novomet, National Oilwell Varco, Pumptek LTD, HOSS, Summit ESP, Canadian Advanced ESP, SPI
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