In this report, the Global Electric Submersible Pump market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Electric Submersible Pump market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.
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.
Submersible pump to fundamentally eliminate the phenomenon of air resistance, the use of positive pressure push the principle of a fundamental solution to the high-temperature environment, high-lift, long-range conditions, pipeline pump, volumetric pumps, vane pumps and other negative work principle of the electric pump cannot solve the problem (such as less oil, not even the drawbacks of oil).
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.
Market Analysis and Insights: Global Electric Submersible Pump Market
In 2019, the global Electric Submersible Pump market size was US$ 2566.6 million and it is expected to reach US$ 4483 million by the end of 2026, with a CAGR of 8.2% during 2021-2026.
Global Electric Submersible Pump Scope and Market Size
Electric Submersible Pump market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Electric Submersible Pump market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.
Segment by Type, the Electric Submersible Pump market is segmented into
Low Temperature ESP
High Temperature ESP
Segment by Application, the Electric Submersible Pump market is segmented into
Regional and Country-level Analysis:
Rest of Asia-Pacific
Rest of Europe
Rest of Latin America
Middle East & Africa
Rest of MEA
Competitive Landscape and Electric Submersible Pump Market Share Analysis
Electric Submersible Pump market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Electric Submersible Pump product introduction, recent developments, Electric Submersible Pump sales by region, type, application and by sales channel.
The major companies include:
Canadian Advanced ESP
Reasons to Buy This Research Report
- Complete access to Global Electric Submersible Pump market size, growth rate and forecast to 2026
- In-depth quantitative information on key regional Global Electric Submersible Pump markets including North America, Europe, MEA and Asia Pacific
- Global Electric Submersible Pump Market estimates and forecasts for key products/applications on a regional basis
- Facility to obtain country level information for complete Global Electric Submersible Pump market segmentation
- Key trends, drivers and restraints for global Global Electric Submersible Pump market
- Challenges to market growth for Global Electric Submersible Pump manufacturers
- Key market opportunities of Global Electric Submersible Pump Industry
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