In its recently published report, The analysts have focused on key aspects of the global Submersible Pump market such as such as Schlumberger, Borets Company, General Electric, Baker Hughes, Halliburton, Canadian Advanced ESP, Lvpai, Lishen Pump, Shengli Pump, . One of the main objectives of this report is to categorize the various dynamics of the market and to offer latest updates such as mergers and acquisitions, various technological developments, new entrants in the market, which make an impact on different segments of the global Submersible Pump market.
Electrical Submersible Pumps (ESP) are one of the most reliable and efficient ways to lift fluids to the surface, both oil and water. As the name suggests, it is submerged into the reservoir fluids and pushes the fluid to the surface. The ESP pumps can be designed to handle fluids of up to 60,000 b/d and cover various well conditions and production profiles, and generally a low cost solution for high volumes of lifting.
North America and China, is the main production base of Electric Submersible Pump, key manufacturers: Schlumberger, Borets, General Electric, Baker Hughes, etc. The Sales of Electric Submersible Pump was 22962 units in 2015, of which 47.83% is produced in USA and Russia.
Russia, USA and China are the major sales markets, with global market share of 25.2%, 21.19% and 13.67% in 2015. But the market share of these regions is gradually declined, and the market in other areas is expanding year by year.
Low Temperature Electric Submersible Pumps are the most popular product type nowadays for its convenience, and will account for a growing market share due to the rapid development of urban logistics industry.
Electric Submersible Pump industry has been developed for many years, and this industry has developed very mature now in developed countries. But in developing countries like China, the industry there is far from mature. In the current environment of global recession, Electric Submersible Pump industry is growing in a slow rate, and will continue this status in the next few years.
As the downstream logistics industry is on a flourishing development nowadays, the importance of Electric Submersible Pump will become more and more apparent over time, this market will continue to keep certain vitality in next few years.
The global Submersible Pump market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
On the basis of product type, the Submersible Pump market is primarily split into With Type I, Low Temperature ESP, High Temperature ESP, . Also by the end, users/applications Submersible Pump market segregated into Onshore, Offshore, .
This report focuses on Submersible Pump volume and value at global level, regional level and company level. From a global perspective, this report represents overall Submersible Pump market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report
