Horizontal Pumping Systems Market Study Offering Deep Insight Related to Growth

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Horizontal Pumping Systems Market: Introduction

• Horizontal pumping systems are multistage centrifugal pumping systems that are used for fluid handling requirements in various applications in mining and oil & gas sectors. They are designed for submersible services handling fluids at specific volumes and to boost the pressure.

• Horizontal pumping systems are easy to install and maintain, as internal parts of these systems such as rotor, are easy to access. Several nozzle configurations are also possible to suit external piping requirements such as top suction top discharge, end suction top discharge, and side suction side discharge.

• Horizontal pumping systems (HPS) can be operated to expand their operating range with a variable frequency controller. Multiple pumps installed in parallel increases the flow capacity and are suitable for heavy duty industrial applications.

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Key Drivers & Restrains of Horizontal Pumping Systems Market

• Recovering oil & gas prices has resulted in increase in investment in oil & gas exploration and production. This has boosted activities in upstream, downstream, and midstream in the oil & gas industry. Various operations such as pipeline booster, water injection, CO2 injection, amine circulation system, and reservoir pressure maintenance are carried out by using horizontal pumping systems (HPS). Overall increase in developments in the oil & gas industry is expected to propel the demand for HPS pumps significantly.

• Rapid urbanization with increasing population has led fueled the mining, marine, water and wastewater treatment sectors across the globe. Operations including wastewater treatment, boiler feed water, drainage, liquid transfer are being carried out by multistage surface pumps?a horizontal pumping system. Consequently, the horizontal pumping systems market is projected to expand during the forecast period owing to an increase in usage of multistage surface pumps.

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COVID-19 Impact Analysis

Governments across the globe have enacted stringent rules and regulations owing to the COVID-19 pandemic, which has resulted into temporary lockdowns across several industries globally. Non availability of workforce and curfews led to the slowdown of several economies. Consequently, several pump manufacturing companies shut down completely and installers were restricted from access sites. Disruption in the supply chain in oil and gas, water and wastewater treatment has affected the distribution and installation of horizontal pumping systems significantly.

Oil & gas segment to dominate global market

• The global horizontal pumping systems market can be segmented based on type, end-use, and region

• Based on end use, the global horizontal pumping systems market can be segregated into oil & gas, mining, industrial, water and wastewater, and others

• Oil is essential to the global economic framework, as it is a prominent sector of the world in terms of dollar value. Investment in the oil & gas sector is increasing owing to a rise in oil prices globally. Horizontal pumping systems are an efficient alternative for surface pumping, which is used widely used. In June 2019, the discovery of Gladden Deep well in Mississippi Canyon block 800 by W&T Offshore, Inc. is boosting the oil & gas sector, which in turn is expected to propel the segment of the market.

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North America dominates global horizontal pumping systems market

• In terms of region, the horizontal pumping systems market can be divided into Latin America, Asia Pacific, Europe, North America, and Middle East & Africa

• North America was the second-biggest producer of crude oil in 2019. Horizontal pumping system is a cost-effective alternative to conventional industrial pumps. High wear-resistant bearings in HPS pumps make it as an option for handling harsh conditions as well as surface installation. Demand for horizontal pumping system is expected to rise significantly owing to a rise in investment in E&P in the oil & gas industry.

• Growing concerns regarding water and wastewater treatments and regulatory norms in Europe have led the foundation to utilize effective methods for handling wastewater. The horizontal pumping system caters to the need of handling industrial fluids as well as wastewater effectively and at a lower cost, as compared to the conventional industrial pumps. This, in turn, is estimated to boost the horizontal pumping system market during the forecast period.

• Mining exploration is rising in Asia Pacific owing to an increase in the demand for rare minerals. Rise in investment in mining is boosting mining activities. Dewatering, wastewater processing, and backfilling applications are various processes that are carried out by multistage centrifugal pumping systems in the mining industry. This rise in demand for mining activities is expected to boost the demand for horizontal pumping systems significantly.