mud pump manufacturers in canada free sample

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Solinst Canada Ltd. has introduced the Model 415 12V Submersible Pump, a compact addition to its groundwater samplers line. Designed for purging and obtaining groundwater samples from 2-inch OD monitoring wells. Lightweight, portable, and easy to set up, deploy and operate. Pump’s sleek, short design allows it to fit easily down wells. Capable of pumping groundwater from 120 feet (36.5 meters) with flow rates up to 3.6 U.S. gpm (13.5 L/min) in shallow conditions. www.solinst.com

Mud pumps are the pumps deployed in the oil and gas industry, mainly to circulate drilling fluids and other kinds of fluids in and out of the drilled wells for exploration. The mud pumps transfer the fluids at a very high pressure inside the well using the piston arrangement. The number of pistons decides the displacement and efficiency of working of the mud pumps, originally only dual piston pumps and three-piston pumps were used, but the technological advancements have seen pumps with five and six pistons to come up. Currently the triplex pumps which have three pistons are used, but the duplex pumps having two pumps are still deployed in the developing countries.

Based on its types, global mud pump market can be segmented into duplex, triplex, and others. The triplex mud pumps will dominate the mud pump marking in the given forecast period owing to its advantages and ongoing replacement of duplex pumps with triplex pumps. Based on operation, the global mud pumps market can be segmented into electric and fuel engine.

The electric mud pumps will dominate the market during the given forecast period due to the advantage of eliminating the harmful carbon emission which is done in the case of fuel engine pumps. Based on its application, the global mud pumps market can be segmented into oil & gas, mining, construction, and others.

The major market driver for the global mud pumps market is the increasing exploration activities taking place in various regions of the world to satisfy the increased energy demand. The number of drilled wells has increased in recent years, which has certainly impacted the growth of the mud pumps market in both oil & gas and mining sectors.

Key market restraint for the global mud pumps market is the drift towards the cleaner sources of energy to reduce the carbon emissions, which will certainly decrease the demand for oil & gas and therefore will have a negative impact on the growth of the global mud pumps market.

Some of the notable companies in the global mud pump market are Mud King Products, Inc. Gardner Denver Pumps, Weatherford, Schlumberger, National Oilwell Varco, China National Petroleum Corporation, Flowserve Corporation, MHWirth, American Block, Herrenknecht Vertical Gmbh, Bentec GmbH Drilling & Oilfield Systems, Drillmec Inc, Sun Machinery Company, Shale Pumps, and Dhiraj Rigs.

The global mud pump market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Owing to the well-established production sector and stable exploration industry North America holds the largest market for the mud pumps. The onshore exploration activities of oil & gas have increased at a good rate in the North America region, which has certainly boosted the growth of the mud pumps market in the region.

The demand from Europe and Asia Pacific has also increased due to exploration activities in both the regions owing to the increased energy demand. The energy demand specifically in the Asia Pacific has increased due to the increased population and urbanization. The Middle East and Africa also hold significant opportunities for the mud pumps market with increased exploration activities in the given forecast period.

In August 2018, Henderson which is a leading company in sales and service of drilling rigs, and capital drilling equipment in Texas signed a contract with Energy Drilling Company for the purchase and upgrade of oil field equipment’s which included three 1600hp × 7500psi mud pumps. This will be the first refurbishment completed at Henderson’s new service center and rig yard.

In January 2018, Koltek Energy Services launched the 99-acre facility for the testing of the oil field equipment in Oklahoma. This will allow the oil field equipment manufacturers to test their equipment at any given time. The company has deployed the MZ-9 pump which has a power rating of 1000Hp.

When you"re seeking the field flexibility to complete your drilling faster, easier and safer, count on Geoprobe® drill rigs engineered for versatility and manufactured for reliability. Industry leaders depend on our ongoing commitment to innovation and industry-leading customer support to advance their business ahead of the competition. Digital readouts providing instant feedback, enhanced safety features, easy operation, and availability of training options mean veteran drillers find their jobs simplified while new drillers build confidence, making them productive as they"re quickly coming up the learning curve.

Whether you’re facing consolidated materials, glacial till, or backfill rubble, quickly complete complex holes to greater depths with the powerful GV5 50K sonic head on our line of sonic drill rigs. Engineered by Geoprobe® to advance up-to 12-inch tooling, the GV5 produces torque required to maintain rotation in tight formations – all backed by a 2-year warranty.

Increase depth advancement and recovery speeds while minimizing waste with the 8150LS sonic drilling rig engineered for driller safety, sampling speed, and operation efficiency.

Geoprobe® combination drill rigs possess the power to tackle difficult site conditions combined with the versatility to exceed subsurface sampling expectations to equal business growth in both direct push and rotary drill rig applications.

Combine geotechnical augering and high-speed rotary with advanced direct push capability to offer additional services to your customers, quickly going from coring rock to pushing CPT - all in one drill rig.

From crowded street corners to far removed places, tackle various environmental, geotechnical and exploration applications with a single machine combining rotary drilling and direct push, saving time and money required to mobilize multiple drill rigs.

In a geotech industry ruled by rate-per-foot, Geoprobe® geotechnical drill rigs capable of swiftly sliding from rotary to automatic drop hammer, even to CPT or direct push — without having to move drill mast or machine — position you for increased production and profit.

Save time and effort swiftly sliding the innovative centerline head side shift into position for rotary, automatic drop hammer, event CPT or direct push. No need to move the geotechnical drill or drill mast on the compact, off road drill rig.

Punch out power and pipe line projects with efficiency and performance of 31 series drill mast aligning all head and winch functions over the bore hole combined with creature comforts of a crawler carrier.

Efficiently complete geotech investigations sliding between drilling functions all without the need for a class A/B CDL, safely bringing new drillers up the learning curve on the drilling truck.

Maximize the value of your investment by choosing a CPT drilling platform best suited to your specific business model. Whether you’re seeking a dedicated CPT drilling rig or a versatile drilling rig to run a variety of applications, you’ll find the combination of features to push your business ahead.

Rely on static weight from the comfort of a CPT machine with a climate-controlled cabin when using the 2060CPT crawler to conduct CPT or Direct Image® logging.

Generating a name for itself and redefining the way sites are investigated in the environmental industry, Geoprobe® continues to advance direct push drilling through continued innovation of its line of high-quality, hydraulically-powered direct push drilling rigs

Engineered to separate into sections for helicopter transport, the 6712DT leverages its Tier 4 engine for additional power and control to make environmental work easier.

Featuring a proven GH63 percussion hammer and able to use 5-foot tooling, the 6011DT direct push drill rig is still being sized to slip into small spaces.

With the necessary tophead rotation speed, head feed speed, and plenty of mud pump options to get the job done, complete your water well drilling, geothermal drilling, and cathodic protection drilling jobs with a single, compact water well drill.

Tophead offering both torque and speed to the impressive power to weight ratio make the DM450 well suited for water well, geothermal, and/or cathodic protection drilling while minimizing maintenance.

Outfit as down the hole drill or mud drill with the power of 28.5-foot stroke, 40,000 lb pullback, and 8,000 ft-lb torque to handle deeper wells along with weight of steel casing.

Global Mud Pump Market, Product Type (Duplex, Triplex, Quintuplex), Driven System (Electric, Fuel Engine), Application (Onshore, Offshore), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.

The mud pump market is expected to witness market growth at a rate of 6.80% in the forecast period of 2021 to 2028. Data Bridge Market Research report on mud pump market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the use of product in various industries globally is escalating the growth of mud pump market.

A mud pump or drilling mud pump refers to the type of pump that is utilized for circulating drilling mud on a drilling rig at high pressure. The mud is generally circulated down through the drill string, and back through the annulus at high pressures. These are positive displacement pumps and are ideal wherever a lot of fluid needs to be pumped under high pressure.

The increased demand for directional and horizonal drilling across the globe acts as one of the major factors driving the growth of mud pump market. The use of for moving and circulating drilling fluids and other similar fluids in several applications such as mining and onshore and offshore oil and gas, and deployment for transfering fluids at substantially high pressures accelerate the market growth. The rise in the popularity of electric mud pumps as they offer smooth operations in drilling rigs and are environment-friendly, and growth in mineral extraction activities further influence the market. Additionally, expansion of mining industry, rapid urbanization, increase in investments and emergence of industry 4.0 positively affect the mud pump market. Furthermore, surge in number if foreign investors and government initiatives extend profitable opportunities to the market players in the forecast period of 2021 to 2028.

On the other hand, lack of universal directives pertaining to applications of mud pump and stringent regulations are expected to obstruct the market growth. Lack of awareness and less adoption of mud pump is projected to challenge the mud pump market in the forecast period of 2021-2028.

This mud pump market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info mud pump market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

The mud pump market is segmented on the basis of product type, driven system and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

The mud pump market is analyzed and market size, volume information is provided by country, product type, driven system and application as referenced above.

The countries covered in the mud pump market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Asia-Pacific dominates the mud pump market due to the increase in number of oil wells and high investment within the region. North America is expected to witness significant growth during the forecast period of 2021 to 2028 because of the high production of oil and gas in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter"s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

The mud pump market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to mud pump market.

The major players covered in the mud pump market report are NOV Inc., Schlumberger Limited., Gardner Denver, Weatherford, Flowserve Corporation., Honghua Group Ltd., China National Petroleum Corporation, Trevi Finanziaria Industriale S.p.A., MHWirth, Bentec, American Block, White Star Pump, Ohara Corporation, Herrenknecht Vertical GmbH, Mud King Products, Grundfos Holding A/S, Halliburton, Sulzer Ltd, KEPL, and EPIC Corporation., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

The 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.

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.

By the end of 2026, the triplex segment is projected to grow 1.42X its size in 2018 by value, creating an absolute dollar opportunity of nearly US$ 234 Mn during the forecast period.

Mud pumps are widely utilized in the oil & gas industry. On the basis of the mode of operation, mud pumps can be classified as electric and fuel engine mud pumps.

Fuel engine mud pumps use petroleum oils as the key liquefying agent. These types of mud pumps release hazardous gases into the environment. In order to contain the hazardous impact of fuel engine mud pumps on the environment, regulatory authorities are compelling manufacturers and consumers to opt for electric mud pumps, which do not emit volatile organic compounds and operate with low noise and low vibration. Electric mud pumps offer smooth operations in drilling rigs and are environment-friendly, which is why they dominate the market for mud pumps.

The electric mud pumps segment is projected to grow with a 4.5% CAGR during the forecast period in view of the tightening emission control regulations and is expected to create an absolute $ opportunity worth US$ 134 Mn between 2018 and 2026.

Among all the applications analyzed in this global mud pumps market study, the onshore application of mud pumps is expected to register about 1.43X growth in terms of value between 2018 and 2026. The offshore application of mud pumps is projected to register moderate growth during the entire forecast period, led by land oil field discoveries.

In terms of incremental $ opportunity, onshore and offshore segments are expected to compete within large margins. The onshore application of mud pumps is expected to occupy over an 86% share in terms of value by the end of 2026.

Increasing oil-well exploration activities, stable economic conditions and consistent growth in oil well drilling rig sales in the region are expected to drive the demand for mud pumps in the region.

The comparatively well-established production sector in the region and increasing oil and gas industry and hydrocarbon consumption will create a healthy platform for the growth of the mud pumps market. Some regions including China and Europe are expected to gain traction in the latter half of the forecast period, owing to the anticipated growth of the oil & gas industry in these regions. North America is expected to register above-average 1.1X growth in the market. All the other regions are anticipated to exhibit moderate growth during the same period.

Apart from Europe and China, all other regions are anticipated to lose market value share over the forecast period. China and Europe are collectively expected to register a CAGR of 4.3% by value.

The global mud pumps market is consolidated with limited market players holding considerable double-digit market shares as of 2017. Globally, the top 12 players in the mud pumps market collectively hold between 53% and 58% of the market share.

Over the past few years, the mud pumps market has witnessed significant technological advancement from the competition perspective. Acquisitions, collaborations and new product launches are some of the key strategies adopted by prominent players to expand and sustain in the global mud pumps market.

In 2018, National Oil Varco signed a deal with Dubai Saudi Armaco to form a joint venture for the manufacturing of onshore rigs and equipment in Saudi Arabia

In 2015, Flowserve opened a new pump manufacturing plant in Coimbatore, India. Through this new facility, the company aims to provide pump products for the oil and gas industry in Asia Pacific

Some of the key players involved in this market study on the global mud pumps market include National Oil Varco Inc., Schlumberger Limited, Gardner Denver Inc., Weatherford International Plc., China National Petroleum Corporation, Trevi-Finanziaria Industriale S.p.A., MhWirth, BenTech GmbH Drilling Oilfield systems, American Block Inc., Honghua Group Limited, White Star Pump Company LLC, Flowserve corporation, Ohara Corporation, Mud King Products, Inc. and Herrenknecht Vertical GmbH.

The global mud pumps market is projected to grow at a CAGR of 8.0% during the forecast period. As per the mud pumps market research report, the global market for mud pumps is projected to grow swiftly. According to analysts, the increased demand for directional and horizontal drilling as well as a number of new oil discoveries will drive the market growth during the forecast period. The mud pumps market research report offers a comprehensive analysis of the global mud pumps market and its type, applications, and components segments. The high cost of drilling along with changing government regulations are the elements that could influence the mud pumps market advancement throughout the forecast period. The mud pumps market research report by expert analysts is developed to assist organizations in the mud pumps market.

The global mud pumps market has been segmented based on type, applications, and components. On the basis of type, the market for mud pumps is segmented based on duplex and triplex pumps. Additionally, the market on the basis of applications, is segmented into the oil and gas industry and building industry. The global market for mud pumps is also covered based on the components segment which is further split into fluid end and power end.

Major elements such as environmental risks could obstruct the mud pumps market growth. However, according to the mud pumps market research report, higher pressure handling capabilities along with developed infrastructure will propel growth throughout the forecast period. The mud pumps market is set to register growth at a high CAGR owing to these key factors. The exploration of type, applications, and components segments along with regional markets has been given in the global mud pumps market research report. The research analysts studying the mud pumps market have put out market forecasts in the mud pumps market research report in order to support mud pumps market-based companies. The mud pumps market research report provides an extensive understanding of the mud pumps market based on the information and forecasts till 2023.

North America, Europe, Asia Pacific and the rest of the world regional market for mud pumps are predominantly covered in the global mud pumps market research report. Country-level mud pumps markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level mud pumps markets are covered in the report. In Asia-Pacific (APAC) region, the country-level mud pumps markets covered are Japan, India, China, and others. The mud pumps market research report also explores the regional market for mud pumps present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The mud pumps market research report also covers regional markets from the rest of the world alongside mud pumps markets of Africa and the Middle East.

Innovation in technology and companies enhancing production capacities are presumed to drive the mud pumps market growth worldwide. The global mud pumps market could be challenged by unfavorable policies, nevertheless, organizations in the mud pumps market will carry the growth rate forward. The mud pumps market research report presents company profiles of major companies active in the mud pumps market globally. Furthermore, the global mud pumps market report offers an all-inclusive analysis of the market collected from the mud pumps market’s primary and secondary sources covering both decision makers and thought leaders. The mud pumps market research report highlights such key areas assisting businesses operating in the mud pumps market to build better growth strategies.

Managed pressure boiling (MPD) in formations with limited pressure windows has become an approved standard for drilling wells. While MPD is the only option for some wells to perform, the improved success rate for other wells, reduced nonproductive time (NPT) and improved barrier management provided by MPD are also beneficial. MPD operations usually require, at a minimum, a turning control unit (RCD or ACD), a shock collector and a metering speed device. A buffer multiplier, back pressure pump and diversion controls may be additional to the device.

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The mud pumps market size is expected to grow at a significant rate during the forecast period. A mud pump is a large, high-pressure (up to 7500 psi), single-acting triplex reciprocating pump used to circulate mud in a well at a specific flow rate (between 100 and 1300 gallons per minute). Instead of a triplex reciprocating pump, a double-acting two-cylinder reciprocating pump is occasionally utilized as a mud pump. Typically, a rig operator keeps two or three mud pumps on hand, one of which is active and the others on standby in case of an emergency. Mud is gathered up with the use of mud pumps, which use suction to circulate the mud from the wellbore to the surface during the drilling process.

Increased demand for directional and horizontal drilling, higher pressure handling capabilities, and some new oil discoveries are the main drivers of this market"s growth. Mud pumps are specialized pumps that are used to transport and circulate drilling fluids and other related fluids in a variety of industries, including mining and onshore and offshore oil and gas. The global energy demand is boosting the market for mud pumps. However, high drilling costs, environmental concerns, and shifting government energy and power laws may stymie industry growth.

Innovation in technology is the key for further growth for example, MTeq uses Energy Recovery’s Pressure exchanger technology in the drilling industry, as the ultimate engineered solution to increase productivity and reduce operating costs in pumping process by rerouting rough fluids away from high-pressure pumps, which helps reduce the cost of maintenance for operators.

The major key player in global mud pumps market are Flowserve (U.S.), Grundfos (Denmark), Halliburton (U.S.), Sulzer (Switzerland), KSB Group (Germany), Ebara Corporation (Japan), Weir Group (U.K), and SRS Crisafulli, Inc (U.S.). Tsurumi Pump (Japan), Shijiazhuang Industrial Pump Factory Co. Ltd (China), Excellence Pump Industry Co.Ltd (China), Kirloskar Ebara Pumps Limited (India), Xylem Inc (U.S.), and Goulds Pumps (U.S.) are among others.

In the drilling business, MTeq uses Energy Recovery"s Pressure exchanger technology as the ultimate engineering solution to boost productivity and lower operating costs in the pumping process by rerouting abrasive fluids away from high-pressure pumps, which helps operators save money on maintenance. The latest trend reveals that regulatory agencies are persuading manufacturers and consumers to choose electric mud pumps over fuel engine mud pumps to reduce the environmental impact of fuel engine mud pumps.

The global mud pumps market is segmented on the basis of type (duplex pump, triplex pump, and others), component (fluid end and power end), application (oil & gas industry and building industry), and Region (North America, Europe, Asia Pacific, and Rest of the World).

Based on type, mud pumps can be segmented as duplex and triplex pumps. Triplex pumps are expected to progress because of the ~30.0% lesser weight than duplex pumps offering similar efficiency. The pump transfers the fluids with the help of mechanical movements.

Based on application, mud pumps market can be segmented as oil & gas industry and building industry. As oil and gas fields going mature, operators must drill wells with large offset, high laterals, widening their applicability by using mud motors, and high-pressure pumps. To fulfill the demand drilling companies increase their mud pumping installation capacity, with higher flexibility. For instance, LEWCO has developed W-3000 mud pump model for oil drilling, which can handle power up to 3000 HP.

Based on region, North America is predominant because of tight oil and shale gas sources, followed by Asia-Pacific due to the increased number of wells in the regions, especially in countries such as China and India due to the rapid urbanization and industrialization. Authorities in countries such as India, China are working on enhancing their production capacities for reducing the import bills, which ultimately help in the growth of mud pumps market.

This market is broadly driven by oil and gas industry as mud pumps are used to move massive amount of sludge and mud at the time of drilling. Countries such as China, Russia, Saudi Arabia, and the U.S. have the largest number of oil wells. The demand for mud pumps will increase with the number of oil wells, across the globe.

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The 2,200-hp mud pump for offshore applications is a single-acting reciprocating triplex mud pump designed for high fluid flow rates, even at low operating speeds, and with a long stroke design. These features reduce the number of load reversals in critical components and increase the life of fluid end parts.

The pump’s critical components are strategically placed to make maintenance and inspection far easier and safer. The two-piece, quick-release piston rod lets you remove the piston without disturbing the liner, minimizing downtime when you’re replacing fluid parts.

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In regional analysis, Mud Pumps Market research report provides a detailed analysis of various regions and also contains a detailed analysis of the country. Along with market revenue, the market value report also offers a forecast analysis for the following countries and regions. The Global Mud Pumps Market report covers various geographical regions such as North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa.

Report consists the of in-depth information related to the region/countries, major key players, current trends and their analysis, product type, applications, and other background information

Provide business expansion strategy analysis, including market segment definition, client analysis, distribution model, product branding and positioning, and price strategy analysis.

The market area, which is further segmented into sub-regions and nations/regions, is covered in the Market research. This chapter of the research includes details on profit prospects in addition to market share data for each region and subregion.North America(United States, Canada, and Mexico)

New York, United States, Oct. 08, 2021 (GLOBE NEWSWIRE) -- The mud motor market is expected to grow at a compound annual growth rate (CAGR) of 4.7% in the forecast period from 2020 to 2029.

The mud motor is a progressive cavity positive displacement pump used in oil and gas drilling operations, fishing, etc. The global mud motor market is expected to reach USD 2028.46 million by 2026. The demand for mud motors is expected to grow due to increased fishing activities, demand for boating, and rising oil and drilling operations. In addition, demand for Horizontal Directional Drilling (HDD) and the development of unconventional hydrocarbons resources is expected to bolster the mud motor market.

The global economy and oil markets are recovering from the historic collapse in demand caused by the COVID-19 in 2020. The countries faced a drop in petroleum consumption to its lowest level in decades due to the travel restrictions and the economic slowdown.

Additionally, the drilling activities were on halt due to the lockdown and social distancing norms. The demand for drilling operations slumped as the oil prices fell earlier in the year. Many oilfield services were pushed to bankruptcy due to the severe losses incurred. Thus, mud motors experienced low demand during the pandemic. Thus, resulting in low demand for mud motors.

Positive displacements motor is a prominent segment and is expected to witness sturdy growth in the coming year. The demand for positive displacement motors is subjected to its properties, such as longer bit life, high LCM tolerance, and low-pressure requirements.

With increasing horizontal drilling activities in North America, the demand for positive displacement motors is expected to rise. Besides, India"s hydrocarbon vision 2025 is expected to fuel the demand for positive displacement motors.

According to the Energy Information Administration, Brazil marked a surge in petroleum and other fuels production, estimating 3.7 million barrels per day (b/d) in 2019, compared to 3.4 million in 2018. Petrobras, an oil and gas company in Brazil, is investing USD 46.5 billion in exploration and production planned for 2021–2025, creating a massive demand for a positive displacement pump in Latin America.

For the sake of study, we have classified motor diameters as <100mm, 100mm–200mm, and >200mm. The diameter of the motor plays a crucial role as the motor"s power is inversely proportional to the square of its diameter and its torque is directly proportional to the cube of its diameter.

Mud motors are broadly used in directional drilling applications, whereby they are segmented into vertical, lateral, curve, RSS, and air. The demand for mud motors is subjected to rise with an increase in drilling activities. The mud motors were used in directional drilling for many decades. As many infrastructure projects are pre-planned, the demand is expected to scale up in the future. The Middle East is one of the primary consumers of mud motors due to their mammoth oil and gas sectors.

The mud motor finds its primary application in oil and gas. The APAC region is expected to see an upsurge in oil and gas exploration activities in the coming years. According to the Organization of Petroleum Exploring Countries (OPEC), the global oil demand was seen at 105.6 mb/d and is expected to reach 113.1 mb/d by 2025. The overall oil demand is expected to come from emerging and developing industries due to the rising population and income. Again, the growing demand for petrochemicals is expected to be cardinal in the oil and gas industry.

North America has long emerged as the most eminent region in the global market due to the advanced drilling market and high shell gas reserves harnessed in the U.S. and Canada. The U.S. led the production of oil with around 20% of the world"s share in 2020.

The Latin American region is expected to obtain significant growth during the forecast period. The region possesses ultra-deepwater, salt, and unconventional hydrocarbon potential. Further, according to the top three oilfield companies, namely Schlumberger Ltd., Halliburton Co, and Baker Hughes Co., the demand and prices in Latin America strengthened after the COVID-19.

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