The electrical submersible pump, typically called an ESP, is an efficient and reliable artificial-lift method for lifting moderate to high volumes of fluids from wellbores. These volumes range from a low of 150 B/D to as much as 150,000 B/D (24 to 24,600 m3/d). Variable-speed controllers can extend this range significantly, both on the high and low side. The ESP’s main components include: multistaged centrifugal pump,three-phase induction motor,seal-chamber section,power cable and surface controls。
First of all, increasing demand for Electric submersible pumps coupled with the exploration of new energy is expected to result in the growth of the market. The shortage of oil and gas drives the market. Productivity is another key point to encourage customers to use it. The adoption of novel technologies will thus enable them drill deeper into oil wells. Such incumbent trends will create attractive opportunities for the sales of electrical submersible pumps (ESPs). Second,on the basis of region,Europe dominates the electrical submersible pumps market and is expected to witness an increase through the forecast period. The market in Central and South America are estimated to grow as a result of a large number of mature fields in Venezuela and Brazil.
The Electrical Submersible Pump (ESP) market was valued at 12500 Million US$ in 2018 and is projected to reach 17700 Million US$ by 2025, at a CAGR of 5.1% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Electrical Submersible Pump (ESP).
This report presents the worldwide Electrical Submersible Pump (ESP) market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Sulzer
Grundfos Group
KSB Group
WILO
Schlumberger Limited
Baker Hughes Incorporated
Borets Company
GE Oil & Gas
Electrical Submersible Pump (ESP) Breakdown Data by Type
Openwell
Borewell
Electrical Submersible Pump (ESP) Breakdown Data by Application
Industrial
Agriculture
Domestic
Electrical Submersible Pump (ESP) Production by Region
United States
Europe
China
Japan
Other Regions
Electrical Submersible Pump (ESP) Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Electrical Submersible Pump (ESP) status and future forecast,involving, production, revenue, consumption, historical and forecast.
To present the key Electrical Submersible Pump (ESP) manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Electrical Submersible Pump (ESP) :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Electrical Submersible Pump (ESP) market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Electrical Submersible Pump (ESP) . Industry analysis & Market Report on Electrical Submersible Pump (ESP) is a syndicated market report, published as Global Electrical Submersible Pump (ESP) Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of Electrical Submersible Pump (ESP) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.