Yahoo Finance Global Electric Submersible Pumps Strategic Business Report 2023: Shale Companies Look out for Alternate Technologies
Dublin, Feb. 01, 2023 (GLOBE NEWSWIRE) -- The "Electric Submersible Pumps - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Electric Submersible Pumps estimated at US$8.1 Billion in the year 2022, is projected to reach a revised size of US$10.7 Billion by 2030, growing at a CAGR of 3.6% over the analysis period 2022-2030.
On-Shore, one of the segments analyzed in the report, is projected to record 3.9% CAGR and reach US$7.9 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Off-Shore segment is readjusted to a revised 2.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 6.1% CAGR
The Electric Submersible Pumps market in the U.S. is estimated at US$2.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2030 trailing a CAGR of 6.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR.
Select Competitors (Total 13 Featured) -
Borets Company LLC
Falcon Pumps Pvt.Ltd.
General Electric Company
Grundfos Pumps Corporation
Halliburton
Novomet-Perm JSC
Schlumberger Ltd.
Torqueflow Sydex Ltd.
Walrus America Inc.
Weatherford International Ltd.
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
Report Attribute | Details |
No. of Pages | 232 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $8.1 Billion |
Forecasted Market Value (USD) by 2030 | $10.7 Billion |
Compound Annual Growth Rate | 3.5% |
Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Electric Submersible Pumps - Global Key Competitors Percentage Market Share in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Market Overview
Product Overview
Major Regional Markets
Permanent Magnet Motor (PMM) ESP System
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Rise in Integration of AI and Cloud Technology Platforms
Companies Seek ESP Systems Upgrades
Shale Companies Look out for Alternate Technologies
Focus on Innovations on Rise to Address Immediate Challenges
Increase in Mining Activities Drives Growth Prospects
New Deepwater and Ultra-Deep Water Development Projects is Driving the Electric Submersible Pumps Market
Companies Extend Predictive Failure Analytics to ESPs
ESP in High Free Gas Applications
Oil and Gas Industry Dynamics Drive Demand for Electric Submersible Pump Market.
Annual Growth Estimates and Forecasts for Global Demand for Oil: 2017-2023
Capital Spending in the Global Oil & Gas Upstream Sector: 2017-2023
Increasing Depth of Oil Wells is also Projected to Drive the Market in Near Future.
Energy Service Providers Seek Acquisition of Electric Submersible Pump Companies
Recent Industry Activity
XPV Water Partners Invests in Holland Pump Company.
Weatherford International Partners with Valiant Artificial Lift Solutions to Commercialize ESPs.
May River Acquires Stancor from Knox Capital Holdings.
Franklin Electric Acquires Industrias Rotor Pump S.A.
Kirloskar Brothers Launches 'KOSi' Pumps
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/ilcia2
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
