Report Code: A12832 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Horizontal Pumping Systems Market
Request Now !Horizontal Pumping Systems are the horizontal multistage surface pumping systems that are utilized for fluid management applications in several industries like oil & gas, mining, and other industrial verticals. They can be utilized for numerous applications, such as wastewater treatment, boiler feed water, drainage, liquid transfer, pipeline booster, water injection, CO2 injection, jet pumping, crude oil and gas transfer, reservoir pressure maintenance, salt cavern leaching, amine circulation systems and others. Horizontal pump systems provide a cost effective, low maintenance, multistage centrifugal pump solution for surface pumping applications requiring fluid injection, lift, and transfer.
Market Scope and Structure Analysis
With the rapid urbanization and industrialization, the need for energy is growing sharply, thus increasing the share of oil & gas business significantly. Since, the horizontal pumping systems have now become an integral part of the oil & gas industry, therefore, the horizontal pumping systems market is expected to grow considerably over the forecast period. The waste water treatment and mining industries are also growing and thus fueling the growth of horizontal pumping systems market.
Report Metric | Details |
 Market Size Available for Years |  2020–2030 |
 Base Year Considered |  2020 |
 Forecast Period |  2021–2030 |
 Forecast Unit |  Value (USD) |
 Segments Covered |  Type, End Use Industry and Region |
 Regions Covered |  North America, Europe, Asia-Pacific, LAMEA |
 Companies Covered | Baker Hughes Company, Canadian Advanced Esp Inc., Dover Corporation, HOSS Pump Systems, Novomet, Schlumberger Limited, Sintech Precision Products Ltd, SPI Pumps, Valiant Artificial Lift Solutions, and Weatherford. |
COVID-19 Impact analysis
Covid-19 pandemic has impacted the horizontal pumping systems market by directly affecting production and demand of oil & gas due to lockdowns, flight cancellations due to travel bans, and quarantines, halts in the production, restricted trade among nations; over forty countries state of emergency declared etc. This decreased demand also traveled back to the horizontal pumping systems business as the production cuts were implemented. The waste water treatment as well as mining industry were also affected in the similar manner as oil and gas industry. The pandemic led to supply chain and market disruption due to cross border trade restrictions, which hampered the imports of the raw materials for the manufacturing processes as well as exports of the finished products. The financial impact on firms and financial markets by the means of stock market volatility due to uncertainties in the market. This also affected the financial health of many organizations which also led to hindrances in the new exploration & production ventures. As a result, numerous pump manufacturing enterprises shut down entirely and installers were constrained from access sites.
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