Mud Pumps Market to Showcase Healthy Expansion at 4.4% CAGR During 2018-2026
Verfasser: yogesh on Tuesday, 12 March 2019The report covers comprehensive information about market trends, volume (Units) and value (US$ Mn) projections, competition and recent developments and market dynamics in the global mud pumps market for the study period of 2013 to 2026.
The global mud pumps market is expected to reach a little over US$ 1,085 Mn over the forecast period, registering a CAGR of 4.4%. Growth in drilling activities in the oil & gas Industry to increase hydrocarbon production and ease of the mud circulation operation in drilling holes are some of the factors expected to lay a robust foundation for the growth of the global mud pumps market.
Triplex type mud pumps to find extensive usage across the globe
Mud pumps can be classified on the basis of the number of pistons into duplex, triplex and quintuplex, which consist of two, three and five pistons respectively. The triplex segment is expected to dominate the mud pumps market in terms of value as well as volume during the entire forecast period. Triplex mud pumps find extensive usage in circulating drilling fluid with high pressure for deep oil well drilling application. These usage characteristics make them preferable for use, primarily in onshore and offshore oil well drilling applications.
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