Drilling Pump Market size is estimated to be USD 3.2 Billion in 2024 and is expected to reach USD 5.5 Billion by 2033 at a CAGR of 6.5% from 2026 to 2033.
The global drilling pump market was valued at USD 3.5 billion in 2022 and is projected to reach USD 5.8 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2030. In 2023, North America contributed the largest share of 38% to the global drilling pump market, followed by Asia Pacific at 32%, Europe at 18%, and Latin America and the Middle East & Africa each accounting for 6%. The Asia Pacific region is emerging as the fastest growing market, driven by expanding oil exploration and drilling infrastructure in countries like China and India.
The onshore segment dominated the drilling pump market with a 65% share in 2023, attributed to the higher number of onshore drilling operations worldwide. However, the offshore segment is projected to grow at the fastest rate during the forecast period due to rising offshore oil exploration activities. Among the various types of drilling pumps, positive displacement pumps held the largest market share at 45% in 2023. Centrifugal pumps, however, are experiencing the fastest growth, driven by increased demand for higher efficiency and capacity. The overall market outlook indicates steady growth, with North America maintaining leadership and Asia Pacific accelerating due to increased demand in energy production and infrastructure development.
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NOV Inc
Schlumberger
Ingersoll Rand
Weatherford International
Flowserve
Honghua Group
MHWirth Pte
BenTech GmbH
American Block
White Star Pump
Ohara
Herrenknecht Vertical
Xylem
Goulds Pumps
Ebara
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Drilling Pump Market
Centrifugal Pumps
Positive Displacement Pumps
Rotary Pumps
Diaphragm Pumps
Submersible Pumps
Oil and Gas Exploration
Mining
Construction
Agriculture
Water Management
Energy Sector
Mining Industry
Water and Wastewater Treatment
Construction and Infrastructure
Agricultural Industry
Electric Motors
Hydraulic Pumps
Diesel Generators
Solar-Powered Pumps
Pneumatic Pumps
Small Capacity Pumps (up to 1000 GPM)
Medium Capacity Pumps (1000 to 5000 GPM)
Large Capacity Pumps (above 5000 GPM)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Drilling Pump Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Drilling Pump Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Drilling Pump Market, By Type
6. Global Drilling Pump Market, By Application
7. Global Drilling Pump Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Drilling Pump Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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