WorldWide Drilling Resource

Demand for Mud Pumps Expected to Increase by 2025 Adapted from a Press Release by Transparency Market Research Overall, the demand for mud pumps is expected to increase according to a recent study by Transparency Market Research. The report, Mud Pump Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025 offers a com- prehensive evaluation of the market, including historical data and verifiable projections. Mud pumps are primarily used to move and circulate drilling fluids at substantially high pressures. These pumps are operated in rugged and hostile environments. The mud pump market can be segmented into duplex pumps, triplex pumps, and others. Both duplex and triplex pumps have their advantages and disadvantages. However, triplex pumps are anticipated to eventually replace duplex pumps. Some of the key advantages over duplex pumps are 30% lower weight for similar power output, smooth discharge, lower operat- ing costs, and ability to displace large volumes of mud at a higher pressure than their equivalent duplex counterparts. In terms of operation, themarket can be categorized into single- acting pumps and double-acting pumps. Single-acting pumps are those which have only one side of the piston working for sucking mud, while double-acting pumps discharge mud from one side of the piston and simultaneous suction occurs on the other end. In terms of geography, China and India are significant contributors to the high number of wells drilled in the region. In 2016, China had 15,800 wells for oil and/or gas. NorthAmerica is another key region of the mud pumps market. With North America’s tight oil and shale gas, which required extensive drilling, the demand for mud pumps will likely increase. The Middle East and Africa is another area of interest for the mud pump market, primarily due to the presence of a large number of crude oil and natural gas reserves, aswell as infrastructure development. The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (paid sources, trade journals, and industry body databases). Highlights of the report include: 8 Important changes in market dynamics 8 Market segmentation up to the second or third level 8 Reporting and evaluation of recent industry developments 8 Emerging unique segments and regional markets 8 An objective assessment of the direction of the market 8 Historical, current, and projected size of the market both in value and volume 8 Recommendations to companies for strengthening their position in the market G&O 52 JULY 2018 WorldWide Drilling Resource ® PAC NW 2018 Dealmakers The United Crown Pump & Drilling guys from Hayden, Idaho, were proud to show their new pump hoist with Albin and Marty of Pulstar Mfg. / Preferred Pump & Equipment from Dodge, Nebraska, at the 2018 Pacific Northwest Ground Water Exposition in Portland, Oregon. Pulstar Mfg / Preferred Pump & Equipment Send your deals to: michele@ worldwidedrillingresource.com