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
