Multi-Phase Pump Market Research Report Segmentation By Solutions (Fertility Tracking Platforms, Wearable Devices, Diagnosis Tools, & Others); Gender (Male and Female); End Use (Fertility Clinics, Hospitals, Surgical Centres, & Clinical Research Institutes); and Region - Size, Share, Growth Analysis | Forecast (2023 2030)

Market Size and Overview:

The Global Multi-Phase Pump Market was estimated to be worth USD 430.65 Billion in 2022 and is projected to reach a value of USD 619.50 Billion by 2030, growing at a fast CAGR of 4.65% during the outlook period 2023-2030.

Multi-phase pumping is a technique extensively employed in the oil and gas sectors to manage the extraction of oil or natural gas, unifying them in a single multiphase pipeline. Commonly known as multiphase boosting, it serves the purpose of augmenting the pressure of the raw fluid emerging from the wellhead. Employing a multiphase pump ensures efficacy and cost-effectiveness for companies. One of its primary advantages is its ability to enhance production by alleviating the wellhead's load, effectively acting as a surface lift. Furthermore, these pumps facilitate the conveyance of liquid from a central processing facility without requiring a separate installation. The diverse types of multi-phase pumps available simplify the production, processing, and transportation of various liquids. Examples include twin-screw multiphase pumps for simultaneous bidirectional liquid movement and helico-axial pumps designed for transporting highly viscous liquids in both directions. Additionally, the use of multiphase pumps aids in mitigating environmental impact by eliminating gas venting during the production process.

Global Multi-Phase Pump Market Drivers:

The surge in the demand for oil and gas has significantly propelled the Global Multi-Phase Pump Market.

The escalating energy requirements have led to heightened demand in the oil and natural gas sector. As a primary source of energy for various applications, the industry necessitates a systematic and environmentally friendly production process, fostering the market demand for multiphase pumps. According to OPEC, oil comprises 40%, and gas comprises 23% of the global energy mix. Additionally, the ease of transport and versatility offered by oil and natural gas benefits companies, contributing to their market growth. Technological advancements have transformed the oil structure, making it a cleaner, safer, and more efficient fuel for diverse purposes. Consequently, oil and natural gas companies increasingly adopt multiphase pumping technology, enabling the simultaneous separation of crude oil and gas from a Central Processing Facility (CPF) without the complexities of using distinct equipment. Moreover, it facilitates production extension to remote areas and alleviates pressure on the wellhead. The utilization of multiphase metering further optimizes oil field production and operations. Notably, as oil and natural gas contribute to greenhouse gas emissions, multi-phase pumping aids in eliminating emissions during the production process by venting gas and during well testing.

Infrastructural advancements and innovations in multi-phase pumps have propelled the expansion of the Global Multi-Phase Pumping Market.

The rapid evolution of modern systems has driven the demand for multi-phase pumps, with emerging trends focusing on enhanced capacity, pressure boost, and handling capabilities. High-capacity pumps, exemplified by horsepower pumps, boost overall pump power and performance. Manufacturers have introduced multiphase booster units for seamless field operations. Additionally, electrolysers' manufacturers deploy centrifugal multiphase pumps that operate through climate-neutral electrolysis, offering benefits such as reduced gas post-compression, enhanced efficiency, secure gas delivery, and effective gas conveying. Manufacturers are developing subsea multiphase pumps with increased motor speeds up to 6000rpm and power, catering to high voltage power supply in deep water. Responding to rising demands from petrochemical industries, the parallel operation mode is implemented to augment pump capacity. Furthermore, the development of suction headers ensures the equitable distribution of gas and liquid across each pump, enhancing overall capacity.

Global Multi-Phase Pump Market Challenges:

The global shift towards renewable energy sources, driven by mounting environmental concerns over increased greenhouse gas (GHG) emissions from extensive oil and natural gas usage, poses a challenge to the demand for multi-phase pumps. The growing emphasis on renewable sources like geothermal and biofuels, aimed at positively impacting the climate and reducing carbon footprint, has the potential to impede the growth of multi-phase pumps in the market.

Additionally, the diverse viscosity of oils necessitates the use of different multi-phase pumps for distinct processes. This diversity places pressure on the development of high-powered multiphase pumps, contributing to increased costs associated with capacity, handling, deployment, and other factors. Consequently, this cost escalation has the potential to hamper the market growth of multi-phase pumps. To overcome these challenges, it becomes imperative to address and eliminate these constraints in the multi-phase pump market.

Global Multi-Phase Pump Market Opportunities:

The forecasted period for the Global Multi-Phase Pump Market presents promising opportunities for businesses, particularly through avenues such as acquisitions, partnerships, collaborations, and agreements. These strategic moves can pave the way for enhanced market positioning and growth during the projected timeframe. Additionally, the surge in demand from petrochemical industries provides a significant opportunity for pump manufacturing companies to capitalize on the development of multi-phase pump technology. This advancement not only promises profitability but also serves as a catalyst for future growth prospects in the industry.

Global Ampicillin Sodium and Cloxacillin Sodium Market Segmentation:

Market Segmentation: By Type

• Twin-Screw Pumps
• Helico-Axial Pump
• Others

In terms of type segmentation, twin-screw pumps dominate the market, holding the highest market share. These pumps employ two interlocked helical screws, an electric motor, and other gears to transfer liquid simultaneously in two directions. Notably, twin-screw pumps excel in controlling large-volume fluids, handling high pressures, and managing high-viscosity fluids. They find widespread use in the oil and petroleum industries, facilitating the transfer of crude oil to shuttle tankers and refineries for conversion into consumable petroleum products. Ongoing developments, such as combining twin-screw pumps with centrifugal pumps, introducing sealed screw pumps, and designing high-viscosity twin-screw pumps for versatile fluid and gas handling, contribute to the growth of twin-screw pumps in the market.

Market Segmentation: By Application

• Offshore
• Onshore

In terms of application segmentation, the offshore market commands the highest market share. Offshore oil and gas applications involve drilling deep within water bodies, such as oceans and seas. The production of oil in offshore locations is costlier compared to onshore operations due to the risk of oil and gas pollution and spills. This heightened risk drives the demand for multi-phase pumps, which facilitate proper gas handling and treatment of high-viscosity fluids. Additionally, the use of upstream or offshore multiphase pumps provides protection against uncertain temperatures, oceanic or sea climatic conditions, utilizing sealing technology such as heavy-duty mechanical seals. Enhanced performance and protection mechanisms have contributed to the increased adoption of multiphase pumps in offshore areas.

Market Segmentation: Regional Analysis

• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa

Regionally, the Middle East and Africa command the highest market share. With a significant presence of oil industries and reserves, the region experiences heightened demand for multiphase pumps. These pumps play a crucial role in optimizing production processes, handling hazardous substances, and reducing capital expenses in Gulf countries. Manufacturers have responded to this demand by developing various-sized pumping facilities for diverse needs, increasing pump power, and introducing advanced meters utilizing 4D location technology to measure velocities, viscosity, and composition. The use of twin-screw, three-screw, and multi-screw pumps has grown, offering high flexibility and efficient handling of high-viscosity fluids, further propelling the demand for multiphase pumps in the region. Asia-Pacific has witnessed significant growth in the multi-phase pumping market, driven by increased oil and gas usage in the region, particularly for cooking and automotive purposes. Technological advancements focusing on capacity, power, and versatility have further boosted the demand for multiphase pumps in the region.

COVID-19 Impact on Global Multi-Phase Pump Market:

The global multi-phase pump market experienced significant disruptions due to the COVID-19 pandemic. The supply chain faced disruptions, leading to a decline in market demand for multi-phase pumps. Geographical restrictions contributed to a shortage of raw materials, impeding the production process. Moreover, the pandemic raised health and safety concerns, reducing the availability of labor in pump manufacturing companies. The scarcity of resources also led to an increase in oil prices, subsequently reducing consumer demand for oil and gas. This decline in demand prompted major energy-consuming countries worldwide to curtail oil and petroleum consumption.

Global Multi-Phase Pump Market Recent Developments:

In July 2022, CIRCOR International, Inc., a prominent manufacturer of technology products and sub-systems, introduced a new twin-screw pump as part of its Houttuin 200 series, named Houttuin 249. TT. This pump boasts a broad capacity, the capability to handle various fluid types, a wide pressure range, and adaptability to a variety of viscosities, making it an ideal solution for contemporary shaft-sealing needs.

In May 2021, Leistritz, a German specialist in screw pumps, unveiled hydro-compression technology multiphase pumps. These pumps combine the features of screw pumps and screw compressors, enhancing efficiency, increasing capacity, reducing energy consumption, and minimizing cooling requirements.

Key Players:

• Leistritiz Advanced Technologies Corp.
• ITT Bornemann
• NETZSCH
• Edur Pumps
• FMC Technologies
• NETZSCH
• North Ridge Pumps
• Baker Huges Incorporated
• Flowserve
• Lenntech