The mud pump is also known as a drilling pump that is used for moving & circulating drilling fluids in onshore & offshore oil & gas and mining industries. It consists of piston or nozzle tube system for transferring fluids at significantly lofty pressures. It can handle pressure up to 7500 psi and flow rate varying from 100 to 1300 gallons/minute. These pumps are bulky & robust as they are operated in rugged and hostile environments.
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On the basis of geography, Asia Pacific is expected to be the significant-growing market during the forecast period, due to the rapid industrialization & urbanization and increase in number of oil wells in the region.
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Some of the key players in Mud Pumps Market include Sulzer AG, Weir Group, Weatherford International plc., Halliburton, Gardner Denver Inc., Schlumberger Limited, KSB Group, Xylem Inc., National Oil Varco Inc., Ohara Corporation, LEO Group, Flowserve Corporation, Honghua Group Limited, Kirloskar Ebara Pumps Limited, General Electric Company, Mud King Products, Inc., Metso, and Tsurumi Pump.
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