Global Multiphase Flow Conveying Equipment Market to Reach USD 10.88 Billion by 2031 at 11.7% CAGR Led by Schlumberger and TechnipFMC

The global market for Multiphase Flow Conveying Equipment is transitioning from a specialized engineering niche to a core enabler of industrial efficiency across upstream energy, chemicals, mining, and wastewater sectors. According to QYResearch 2025 edition of Multiphase Flow Conveying Equipment - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031, the market was valued at US$7,380 million in 2024 and is projected to reach US$10,879 million by 2031, growing at a 11.7% CAGR between 2025 and 2031.

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In 2024, global production reached around 5,300 units, with an average selling price (ASP) of US$1.392 million per unit. Typical single-line annual capacity ranges between 50 and 100 units, depending on configuration and integration level. The report highlights how potential 2025 U.S. tariff adjustments may affect cross-border manufacturing, capital allocations, and supply-chain localization strategies in this heavy-engineering segment.

Latest Market Data
• 2024 Market Size: US$7,380 million
• 2031 Forecast: US$10,879 million
• CAGR (2025-2031):11.7%
• 2024 Production Volume: ~5,300 units
• Average Price per Unit: ~US$1.392 million
• Estimated Single-Line Annual Capacity: ~50-100 units

Cost Structure per Unit (as share of COGS):
Materials & OEM components ~50%
Direct labor ~12%
Factory overhead & QA ~10%
Engineering/design/integration/testing ~15%
Logistics/packaging/commissioning ~5%
Warranty/after-sales accrual ~3%
Other indirects ~5%

Cost, Gross Profit, and Margin
Based on 2024-2025 corporate disclosures, gross margins for large engineered flow equipment averaged 31-35%. Flowserve's 2024 gross margin ranged from 31.5% to 32.8%, Sulzer reported ~33.5%, and Alfa Laval maintained ~34.9% adjusted margins. With an ASP of US$1.392 million, this equates to a COGS of approximately US$0.91-0.95 million and a gross profit of US$0.44-0.49 million per unit. Subsea system providers such as TechnipFMC forecast ~19-20% adjusted EBITDA margins in 2025, showing strengthened profitability through modular designs and service-driven revenue.

Leading Companies
Schlumberger
TechnipFMC
Baker Hughes
Halliburton
NOV Inc.
GEA Group
Sulzer Ltd
SPX FLOW
Atlas Copco
Alfa Laval
KSB SE & Co. KGaA
Wärtsilä
Weir Group
John Crane
Pentair
Flowserve Corporation
Siemens Energy
Roska DBO
ClydeUnion Pumps
Leistritz Pumpen
ITT Inc.
Gardner Denver
Ebara Corporation
Dover Corporation
Seepex GmbH

Classification (by Type)
Gas-Liquid Multiphase Conveying Equipment
Solid-Liquid Multiphase Conveying Equipment
Gas-Solid Multiphase Conveying Equipment
Gas-Liquid-Solid Three-Phase Conveying Equipment

Applications (by Downstream Use)
Oil and Gas Extraction
Chemical Processing
Mineral Transport
Wastewater Treatment
Others

2025 Technology Highlights
SLB OneSubsea achieved a milestone at the Ormen Lange project with the world's first 32-MW subsea multiphase compression system, operating at nearly 1,000 meters depth and controlled by onshore variable-speed drives located 120 km away. The design eliminates subsea electronics, improving reliability and maintainability while reducing total lifecycle costs.

SLB OneSubsea also expanded its presence in the carbon capture and storage (CCS) segment, supplying new CO2 injection systems for the Northern Lights project.

TechnipFMC continued scaling its standardized Subsea 2.0® platform and integrated iEPCITM delivery model in projects like Hammerhead (Guyana), combining multiphase boosting, measurement, and control.

Emerson (Roxar) launched the Roxar 5726 Multiphase Transmitter, which consolidates multiphase flowmeter electronics and processes data 10 times per second, enabling improved stability and reduced footprint.

AMETEK Solartron ISA introduced the Dualstream FALCON multiphase wet-gas flowmeter and CarbonstreamTM CO2 flowmeter, addressing demand in gas-condensate and CO2 transport lines.

Five Representative Products (Data Overview)
Schlumberger - Vx SpectraTM Surface Multiphase Flowmeter
A radiation-based full-spectrum gamma system providing continuous real-time oil, water, and gas measurements without physical phase separation. Rated for up to 5,000 psi and tested to 7,500 psi, handling flows of ~11,000 barrels/day oil and ~26 MMSCFD gas. In 2025, SLB expanded the range with Vx Wave, a microwave-based non-nuclear MPFM designed for simplified logistics.

TechnipFMC - Helico-Axial Subsea Multiphase Booster
A subsea helico-axial pump driven by 2-3 MW permanent-magnet motors delivering heads up to 200 bar and capacities approaching 500,000 barrels per day. Integrated into Subsea 2.0® modules, the system reduces installation footprint and enables tie-backs over long step-outs.

Alfa Laval - FramoTM Multiphase Pump
A robust 1.8 MW subsea booster handling up to 90,000 barrels per day, built with six-stage helico-axial rotors and 6.6 kV power input. Framo pumps are known for high sand tolerance, modular skid design, and remote condition monitoring, supporting both offshore and FPSO applications.

Sulzer - MPP High-Performance Multiphase Pump
Designed for oil-gas-liquid mixtures in subsea and onshore boosting, the Sulzer MPP handles flows of up to 3,600 m3/h (≈500,000 BPD) with heads of up to 200 bar. Manufactured in duplex stainless steel with advanced coatings, the unit delivers high reliability in abrasive environments.

Leistritz Pumpen - L4 Twin-Screw Multiphase Pump
A positive displacement twin-screw pump managing gas volume fractions up to 100%, flow rates up to 5,000 m3/h, pressure differentials to 150 bar, and viscosities up to 150,000 cSt. Designed for heavy oil, high-GOR crude, and challenging slug flow regimes.

Verified Downstream Customers
Saudi Aramco
ExxonMobil
Shell
bp
Chevron
TotalEnergies
Equinor
Petrobras
Eni
Woodside Energy
ADNOC
PETRONAS
CNOOC
ONGC
QatarEnergy

Market Trends
1) Deepwater Tie-backs Drive High-Power Subsea Processing
Operators are increasingly deploying high-power subsea pumps and compressors to boost production from distant tie-backs. The 32-MW Ormen Lange installation demonstrates how onshore power electronics and standardized subsea compression can cut operating costs while extending field life. Similar architectures are being adopted in the Gulf of Mexico and Brazil, reinforcing a shift toward subsea energy delivery and remote automation.

2) Electrification and Modular Standardization
The rise of all-electric subsea systems is redefining project economics. Fully electric actuation and compact manifolds are moving from prototype to production. TechnipFMC's Subsea 2.0® series and SLB's all-electric control packages reduce engineering time and enable faster delivery cycles. OEMs report that standard modules shorten delivery schedules by 20-30% and lower installed costs by nearly 25%.

3) Expansion Beyond Hydrocarbons: CO2 Conveyance and Storage
The carbon capture and storage (CCS) value chain is emerging as a new frontier. New projects in the North Sea and Gulf of Mexico require multiphase equipment capable of handling supercritical CO2. Technologies like CarbonstreamTM flowmeters and CO2 injection systems from subsea integrators are designed for higher density fluids and corrosion resistance, extending the market beyond oil and gas.

4) Growth of Wet-Gas and Condensate Metering
As unconventional gas and high-GOR fields expand, demand for wet-gas multiphase metering is surging. The Dualstream FALCON platform, capable of handling dynamic gas-liquid ratios and elevated temperatures, is being adopted by gas producers in the U.S. and Middle East. These devices enable accurate production allocation and minimize separator requirements.

5) Digitalization: From Hardware to Software
Modern MPFMs now feature integrated electronics and embedded software enabling real-time diagnostics and 10 Hz sampling rates. Systems like Roxar 5726 enhance flow regime recognition and reduce service interventions. At the same time, "virtual metering" solutions based on machine learning models are emerging, allowing operators to estimate flow components using existing pressure and temperature sensors.

6) Stable Margins and Services-Driven Profitability
Despite inflation and supply-chain complexity, gross margins in the 2024-2025 cycle have remained stable in the 31-35% range. Growth increasingly comes from aftermarket and digital services, including monitoring, predictive analytics, and control optimization. This service model now accounts for 30-40% of revenue for several OEMs, cushioning volatility in new equipment orders.

Competitive Landscape and Market Share Overview
The global market is led by integrated subsea system providers (Schlumberger, TechnipFMC, Baker Hughes), supported by pump specialists (Sulzer, Alfa Laval, Leistritz, Seepex) and flow-metering leaders. In 2024, the top five manufacturers accounted for an estimated majority share of global revenue, supported by strong project backlogs, standardized platforms, and expanding aftermarket services.

Regional Market Insights (2025-2031)
• North America: Driven by Gulf of Mexico subsea tie-backs and onshore gas-condensate fields requiring advanced metering.
• Europe: Major activity centered on CCS and North Sea redevelopment, including Norway's CO2 injection systems and UK subsea compression retrofits.
• Asia-Pacific: Expansion in offshore gas production, particularly in Australia, Malaysia, and Indonesia, and modernization of existing multiphase systems in China.
• Middle East & Africa: High-rate crude and gas production projects are investing in multiphase boosting and metering for field optimization.
• South America: Deepwater pre-salt projects continue to adopt subsea multiphase pumps and meters to extend plateau production phases.

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Outlook
From 2025 onward, the industry is set to experience a balance between engineering innovation and economic resilience. Electrification, CO2 conveyance, and digital integration will redefine cost structures and investment priorities. Global OEMs are investing in localized assembly and software-defined control to withstand tariff uncertainties and supply-chain disruptions.

With multiphase equipment increasingly essential in carbon management and high-efficiency energy systems, this market is expected to maintain steady growth momentum toward 2031, supported by high-value service contracts, integrated design, and next-generation digital monitoring platforms.
Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of the product manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Sales, revenue of the product in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.

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