Market Synopsis of Electric Submersible Pumps
An electrical submersible pumps can be termed as the most efficient artificial lift method for pumping fluid to the surface. Low maintenance, small size and high efficiency rate are few of the key market drivers for the ESP market. Increasing application in the Oil and Gas and increasing demand for Oil & Gas market has also significantly contributed to the increasing demand in the ESP market.
Hence the market for Electric Submersible Pumps is expected to grow at XX% CAGR (2016-2027).
Some of the key players in the ESP Market are
- Grundfos Pumps Corporation,
- Walrus America Inc,
- Baker Hughes Incorporated,
- Schlumberger Limited,
- Halliburton Company,
- Falcon Pumps Pvt. Ltd.,
- Borets Company,
- GE Oil & Gas,
- JSC Novomet-Perm,
- Torqueflow Sydex Ltd.,
- Weatherford International.
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The ESP market can be segmented on the basis of components as Power Cables, Multistaged Centrifugal Pump, and Three Phase Induction Motors. On the basis of Well Type the market has been segmented as Land and Offshore.
Study Objectives of Electric Submersible Pumps
- To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the global Electric Submersible Pumps market
- To provide insights about factors affecting the market growth
- To Analyze the Electric Submersible Pumps market based on various factors- price analysis, supply chain analysis, Porters five force analysis.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to six main geographies and their countries- North America, Europe, Asia-Pacific, South America, Middle East, and Africa
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by Well Type, by Components, and by region as well as its sub segments
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
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Regional Analysis of Electric Submersible Pumps Market:
North America is the leading region for this market mainly due to increased offshore exploration activities. Technological development and increasing demand for Oil & Gas has also significantly contributed to the high demand in the North American region. Asia-Pacific and Europe are other leading regions due to the increasing production from matured oil fields in this region.
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