Submersible Pump Market 2019-2024
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 good 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 the USA and Russia.
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Russia, USA, and China are the major sales markets, with a 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 maturely now in developed countries. But in developing countries like China, the industry there is far from mature. In the current environment of the global recession, Electric Submersible Pump industry is growing at 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.
According to this study, over the next five years, the Submersible Pump market will register a –% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share sales and revenue of key companies in the Submersible Pump business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Submersible Pump market by product type, application, key manufacturers and key regions and countries.
This study considers the Submersible Pump value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Type I
Low-Temperature ESP
High-Temperature ESP
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Onshore
Offshore
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
America
APAC
Europe
Middle East & Africa
The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Schlumberger
Borets Company
General Electric
Baker Hughes
Halliburton
Canadian Advanced ESP
Lvpai
Lishen Pump
Shengli Pump
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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Submersible Pump consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Submersible Pump market by identifying its various sub-segments.
Focuses on the key global Submersible Pump manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Submersible Pump with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks.
To project the consumption of Submersible Pump submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Content Covers the Topics mentioned below
2019-2024 Global Submersible Pump Consumption Market Report
Scope of the Report
Executive Summary
Global Submersible Pump by Players
Submersible Pump by Regions
Americas Market
APAC Market
Europe Market
The Middle East & Africa Market
Market Drivers, Challenges and Trends
Marketing, Distributors, and Customer
Global Submersible Pump Market Forecast
Key Players Analysis
Research Findings and Conclusion
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