Global Mud Motor Market Trends 2022

The Global Mud Motor Market is a progressive cavity positive displacement pump used in oil and gas drilling operations, fishing, etc. The global mud motor market is expected to reach USD 2028.46 million by 2026. The demand for mud motors is expected to grow due to increased fishing activities, demand for boating, and rising oil and drilling operations. In addition, demand for Horizontal Directional Drilling (HDD) and the development of unconventional hydrocarbons resources is expected to bolster the mud motor market.

Click here sample Request for Pdf report➡ https://straitsresearch.com/report/mud-motor-market/request-sample

A mud motor or a drilling motor is a positive displacement drilling motor that uses the drilling fluid’s hydraulic horsepower to drive the drill bit. Mud motors find extensive applications to reduce bearing load and provide an adjustable penetration rate, among other advantages.

Segmental Insights

The mud motors market is segmented under motor type, diameter, application, and end-user.

Type-Based Segmental Insight

Positive displacement and turbine are the two key motor types used in mud motors. Positive displacement motors (PDMs) find application in directional drilling projects and are primary components in bottom-hole drilling assemblies. Thus, the positive displacement segment is expected to register growth during the forecast period. Selection of the correct downhole motor is crucial in designing the buttonhole assembly (BHA) with mud motors to overcome cost-intensive challenges such as wellbore crookedness, string failures, and improper build rate. Technologically- and mechanically-advanced PDMs provide enhanced performance; for instance, a reduced-length positive displacement motor with an equidistant power section stator can provide superior motor performance and reliability at high operating temperatures.

Market Participants

National Oilwell Varco, SlimDril International, Whole Solutions Inc., Downhole Drilling Services, LLC, Enteq Upstream, Newsco International Energy Services Inc., LORD Corporation, SOKOL, Beaver Dam Mud Runners, COPPERHEAD MUD MOTORS, and TomaHawk Downhole, LLC are among the key players operating in the mud motors market.