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QYResearch: The global market for Multiphase Pumps is expected to reach about 540.57 M USD by 2022

More Info: http://www.qyresearchglobal.com/goods-888784.html Global Multiphase Pumps Industry 2017 Market Research Report is a professional and in-depth study on the current state of the Multiphase Pumps market. Annual estimates and forecasts are provided for the period 2011 through 2021. Also, a six-year historic analysis is provided for these markets. The global market for Multiphase Pumps is expected to reach about 540.57 M USD by 2022 from 356.29 M USD in 2016, registering a Compounded Annual Growth Rate (CAGR) of 3.98% during the analysis period, 2012-2022.

QYRESEARCH In the coming

QYRESEARCH In the coming years there is an increasing demand for Multiphase Pumps in the regions of North America and Middle East that is expected to drive the market for more advanced Multiphase Pumps. Increasing of oil and gas fields expenditures, more-intense competition, launches in introducing new products, increasing of spending on oil and gas industry, retrofitting and renovation of old technology, increasing adoption of Multiphase Pumps will drive growth in North America and Middle East markets. Globally, the Multiphase Pumps industry market is an oligopoly as the manufacturing technology of Multiphase Pumps is relatively matures than some high-tech equipment. And some enterprises, like ITT Bornemann, Leistritz, Sulzer, Flowserve, etc. are well-known for the wonderful performance of their Multiphase Pumps and related services. At the same time, North America, occupied 32.95% sales market share in 2016, is remarkable in the global Multiphase Pumps industry because of their market share and technology status of Multiphase Pumps. According to QYResearch, The global market for Multiphase Pumps is expected to reach about 540.57 M USD by 2022 from 356.29 M USD in 2016, registering a Compounded Annual Growth Rate (CAGR) of 3.98% during the analysis period, 2012-2022. The sales of Multiphase Pumps are also related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Multiphase Pumps industry may not keep that fast. But it is surely forecasted that the market of Multiphase Pumps is still promising.

QYRESEARCH The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials. The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as energy prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.

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