Multi-Phase Pump Market Size (2024-2030)

As of 2023, the Multi-Phase Pump Market held an estimated value of USD 450.68 Billion, with projections indicating a growth to USD 619.50 Billion by 2030. This growth is expected to maintain a robust CAGR of 4.65% throughout the period spanning from 2024 to 2030.

Multi-Phase Pump Market Overview

Multi-phase pumping serves a pivotal role in the oil and gas sectors, facilitating the simultaneous transportation of oil and natural gas through a single pipeline. Often referred to as multiphase boosting, these pumps elevate the pressure of raw fluids emerging from wellheads. Besides enhancing operational efficiency, these pumps offer cost-effectiveness to enterprises. A key advantage lies in their capacity to alleviate wellhead pressure, thereby augmenting production. Moreover, they enable the transportation of liquids from central processing facilities without necessitating separate installations. The versatility of multi-phase pumps extends to various types, such as twin-screw pumps capable of simultaneous bidirectional liquid movement and helico-axial pumps designed for high-viscosity fluid conveyance in both directions. Additionally, these pumps contribute to environmental conservation by mitigating gas venting during production processes.

Furthermore, ongoing research and development endeavors have spurred innovations in multi-phase pump technology, resulting in specialized variants catering to diverse applications. Notably, advancements include the integration of well-designed plungers for liquid loading, the development of high-powered pumps to expedite production processes, and the utilization of centrifugal pumps in electrolyzer systems.

Global Multi-Phase Pump Market Drivers:

Escalating demand for oil and gas fuels growth in the Global Multi-Phase Pump Market.

The surge in global energy requirements has propelled the demand for oil and natural gas, positioning them as primary energy sources. This escalating demand underscores the need for systematic and environmentally sustainable production methods, thereby driving the adoption of multi-phase pumps. According to OPEC, oil and gas collectively constitute a substantial portion of the global energy mix, with oil accounting for 40% and gas for 23%. Technological advancements have further refined the extraction processes, making oil a cleaner and safer energy source. Consequently, multi-phase pumping technology has garnered favor among oil and gas companies, facilitating the simultaneous extraction of crude oil and gas without the need for intricate equipment setups. Additionally, multi-phase pumping enhances production capacity, extends operations to remote areas, and alleviates pressure on wellheads. Moreover, the integration of multi-phase metering systems optimizes field operations while curbing greenhouse gas emissions associated with oil and gas extraction processes.

Infrastructure advancements and technological innovations drive growth in the Global Multi-Phase Pump Market.

Rapid advancements in industrial infrastructure have spurred the demand for multi-phase pumps equipped with enhanced capacities and pressure handling capabilities. Manufacturers are leveraging technological innovations to develop high-performance pumps tailored to diverse operational requirements. For instance, the deployment of high-horsepower pumps bolsters pump efficacy, while centrifugal multiphase pumps find utility in electrolysis processes, offering benefits such as efficient gas conveyance and reduced post-compression requirements. Additionally, manufacturers are developing subsea multiphase pumps capable of operating at elevated speeds and power levels, catering to deep-water applications. Moreover, parallel operation modes are increasingly adopted to augment pump capacities, while suction header enhancements ensure uniform distribution of gas and liquid within pumping systems.

Furthermore, recent advancements in multi-phase pump design encompass the incorporation of protective roofing structures for elevated pump installations, along with the adoption of double mechanical seal systems to minimize spills and vapor emissions.

Global Multi-Phase Pump Market Challenges:

Environmental concerns, including heightened greenhouse gas emissions resulting from fossil fuel usage, have spurred a global shift towards renewable energy sources. This transition poses a challenge to the growth of the multi-phase pump market, as it necessitates a reduction in reliance on traditional oil and gas extraction methods. Additionally, the varied viscosity of oils necessitates the development of specialized multi-phase pumps, thereby escalating production costs and operational complexities. Addressing these challenges is imperative to sustain growth in the multi-phase pump market.

Global Multi-Phase Pump Market Opportunities:

The forecasted period presents lucrative opportunities for businesses operating in the Global Multi-Phase Pump Market, including avenues for acquisitions, partnerships, and collaborative ventures. Moreover, the burgeoning demand from petrochemical industries for multi-phase pump technology offers prospects for substantial profit margins and future growth.

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

The COVID-19 pandemic disrupted global supply chains, leading to a decline in multi-phase pump market demand. Supply chain disruptions, compounded by geographical constraints and raw material shortages, impeded manufacturing operations. Furthermore, health and safety concerns hindered labor availability in pump manufacturing facilities. Moreover, the economic downturn precipitated by the pandemic resulted in reduced oil and gas consumption, further dampening market demand.

Global Multi-Phase Pump Market Recent Developments:

In July 2022, CIRCOR International, Inc., a leading technology manufacturer, introduced the Houttuin 249 TT, a twin-screw pump featuring enhanced capacity, fluid handling capabilities, and pressure range suitability. In May 2021, Leistritz, a German screw pump specialist, unveiled hydro-compression technology multiphase pumps, integrating screw pump and compressor functionalities to enhance efficiency, capacity, and energy efficiency.

Global Multi-Phase Pump Market Segmentation: By Type

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

In terms of market segmentation by type, twin-screw pumps emerge as the dominant segment. These pumps facilitate the simultaneous transfer of liquids in two directions utilizing interlocked helical screws, an electric motor, and associated gears. Notably, they offer the advantage of managing substantial fluid volumes, high pressures, and fluids with high viscosity. Primarily employed in the oil and petroleum sectors, twin-screw pumps play a pivotal role in transferring crude oil to shuttle tankers and subsequently to refineries for conversion into consumable petroleum products. Moreover, ongoing innovations in twin-screw pump technology, including their integration with centrifugal pumps, development of sealed screw pumps, and introduction of high-viscosity twin-screw pumps capable of handling diverse fluid and gas types, have significantly propelled their market growth.

Global Multi-Phase Pump Market Segmentation: By Application

• Offshore
• Onshore

Regarding market segmentation by application, the offshore segment commands the largest market share. Offshore oil and gas operations, conducted in deep-water bodies such as oceans and seas, incur higher production costs compared to onshore activities due to heightened risks of oil and gas pollution and spills. Consequently, there is a heightened demand for multi-phase pumps in offshore environments to facilitate effective gas handling and treatment of high-viscosity fluids. Furthermore, the adoption of upstream or offshore multi-phase pumps offers protection against variable temperatures and adverse sea conditions, achieved through advanced sealing technologies such as heavy-duty mechanical seals. These enhancements in performance have substantially increased the application of multi-phase pumps in offshore operations.

Global Multi-Phase Pump Market Segmentation: By Region

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

In terms of regional segmentation, the Middle East and Africa capture the largest market share. The region, renowned for its abundant oil industries and reserves, experiences heightened demand for multi-phase pumps. These pumps have revolutionized oil production in Gulf countries by enhancing production rates, facilitating the handling of hazardous substances, reducing capital expenditures, and optimizing production processes through innovative multi-phase metering techniques. Manufacturers have responded to this growing demand by developing pumps of varying sizes tailored to specific requirements, enhancing pump power, and introducing sophisticated metering technologies capable of measuring velocities, viscosity, and composition using 4D location technology. Moreover, the adoption of twin-screw, three-screw, and multi-screw pumps has surged due to their inherent flexibility and ability to handle high-viscosity fluids, further driving the demand for multi-phase pumps in the region.

The Asia-Pacific region has witnessed substantial growth in the multi-phase pumping market. Increased demand for multi-phase pumps in the region can be attributed to the rising consumption of oil and gas, particularly for cooking and automotive purposes. Furthermore, ongoing technological advancements aimed at enhancing capacity, power, and versatility have further bolstered the demand for multi-phase pumps in the region.

Global Multi-Phase Pump Market Key Players:

1. Leistritiz Advanced Technologies Corp.
2. ITT Bornemann
3. NETZSCH
4. Edur Pumps
5. FMC Technologies
6. NETZSCH
7. North Ridge Pumps
8. Baker Huges Incorporated
9. Flowserve
10. Lenntech