Transparency Market Research Electrical Submersible Pumps (ESPs) Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2014 - 2022 Published Date 23-Sep-2015 119 Page Report Buy Now Request Sample Press Release Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com [email protected] Electrical Submersible Pumps (ESPs) Market REPORT DESCRIPTION Electrical Submersible Pumps (ESPs) Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2014 - 2022 According to this report, the global market revenue for ESPs stood at US$10.6 bn in 2013 and is expected to reach US$16.7 bn by 2022 at a CAGR of 8.94% from 2014 to 2022. Electrical submersible pumps (ESPs) are multistage centrifugal pumps that are used in the oil industry to increase the production of oil from the oil well. ESP systems differ according to the well specifications and geographies. These are economically designed pumps for oil and water wells that can handle fluid output ranging from 200 bpd to 60,000 bpd at depths of up to 15,000 feet. These pumps provide low lifting costs for high fluid volumes and help in scale and corrosion treatment in the wellbore. The market for ESPs can be segmented geographically into five regions, namely North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America. Europe was the largest consumer of ESPs, accounting for 59.77% of the overall market share in 2013. Europe is likely to remain the largest market for ESPs throughout forecast period, primarily due to an increasing number of mature fields in Russia, Norway, Kazakhstan, and the U.K. Browse Electrical Submersible Pumps (ESPs) Market the full report at http://www.transparencymarketresearch.com/electrical-submersible-pumps-market.html North America ranks second in terms of market share, accounting for 20.28% of the global market for ESP in 2013. Rapidly increasing shale oil production in the U.S. and production from oil sand in Canada are the primary drivers of the market growth of ESPs in North America. Asia Pacific ranks third in the global ESP market. Asia Pacific contains a large number of offshore wells in Australia, Malaysia, and the South China Sea. Increasing E&P activities in the South China Sea and prospective development of China’s shale reserves by 2017 are the major factors which would make Asia Pacific one of the most attractive markets for ESPs installations in the near future. The ESP market in South & Central America is expected to grow significantly in the near future due to large number of mature fields in Brazil and Venezuela. In the future, the requirement of ESP systems is expected to increase gradually as a result of new discoveries of oilfields in offshore areas of South America and Africa and increasing number of mature fields globally. The global market for ESP has been segmented as follows ESPs Market: By Application • Onshore • Offshore Transparency Market Research 2 Electrical Submersible Pumps (ESPs) Market ESPs Market: By Region North America • S. • Canada • Rest of North America Asia Pacific • China • Indonesia • Rest of Asia Pacific Europe • Russia • Norway • Kazakhstan • Rest of Europe Middle East & Africa • Saudi Arabia • United Arab Emirates Transparency Market Research 3 Electrical Submersible Pumps (ESPs) Market • Nigeria • Rest of Middle East & Africa South & Central America • Venezuela • Brazil • Rest of South & Central America For further inquiries, click here http://www.transparencymarketresearch.com/sample/sample.php? flag=s&rep_id=6625 TABLE OF CONTENT Section 1 Preface Report Description Market Segmentation Research Scope Research Methodology Section 2 Executive Summary Executive Summary Section 3 Industry Analysis Introduction Transparency Market Research 4 Electrical Submersible Pumps (ESPs) Market Value Chain Analysis Market Dynamics Porter’s Five Forces Analysis Company Market Share-Electrical Submersible Pumps Market, 2014 Market Attractiveness Analysis-Electrical Submersible Pumps Market, By Region Section 4 Global Electrical Submersible Pumps Market – Application Segment Introduction – Electrical Submersible Pumps Application Segment Terrestrial Laser Scanning Market – By Onshore Terrestrial Laser Scanning Market – By Offshore Section 5 Global Electrical Submersible Pumps Market – Regional Analysis Global Overview – Electrical Submersible Pumps Market Market Analysis – Electrical Submersible Pumps North America Electrical Submersible Pumps Market – By Regional Sub-segment, 2013-2022 North America Electrical Submersible Pumps Market – Overview North America Electrical Submersible Pumps Market – By Application U.S. Electrical Submersible Pumps Market U.S. Electrical Submersible Pumps Market – By Application Canada Electrical Submersible Pumps Market Canada Electrical Submersible Pumps Market – By Application Mexico Electrical Submersible Pumps Market Transparency Market Research 5 Electrical Submersible Pumps (ESPs) Market Mexico Electrical Submersible Pumps Market – By Application Asia Pacific Electrical Submersible Pumps Market – By Regional Sub-segment, 2013-2022 Asia Pacific Electrical Submersible Pumps Market – Overview Asia Pacific Electrical Submersible Pumps Market – By Application China Electrical Submersible Pumps Market China Electrical Submersible Pumps Market – By Application Indonesia Electrical Submersible Pumps Market Indonesia Electrical Submersible Pumps Market – By Application Rest of Asia Pacific Electrical Submersible Pumps Market Rest of Asia Pacific Electrical Submersible Pumps Market – By Application Europe Electrical Submersible Pumps Market – By Regional Sub-segment, 2013-2022 Europe Electrical Submersible Pumps Market – Overview Europe Electrical Submersible Pumps Market – By Application Russia Electrical Submersible Pumps Market Russia Electrical Submersible Pumps Market – By Application Norway Electrical Submersible Pumps Market Norway Electrical Submersible Pumps Market – By Application Kazakhstan Electrical Submersible Pumps Market Kazakhstan Electrical Submersible Pumps Market – By Application Rest of Europe Electrical Submersible Pumps Market Rest of Europe Electrical Submersible Pumps Market – By Application Middle East & Africa Electrical Submersible Pumps Market – By Regional Sub-segment, 2013-2022 Transparency Market Research 6 Electrical Submersible Pumps (ESPs) Market Middle East & Africa Electrical Submersible Pumps Market – Overview Middle East & Africa Electrical Submersible Pumps Market – By Application Saudi Arabia Electrical Submersible Pumps Market Saudi Arabia Electrical Submersible Pumps Market – By Application United Arab Emirates (UAE) Electrical Submersible Pumps Market United Arab Emirates (UAE) Electrical Submersible Pumps Market – By Application Nigeria Electrical Submersible Pumps Market Nigeria Electrical Submersible Pumps Market – By Application Rest of Middle East & Africa Electrical Submersible Pumps Market Rest of Middle East & Africa Electrical Submersible Pumps Market – By Application South & Central America Electrical Submersible Pumps Market – Overview South & Central America Electrical Submersible Pumps Market – By Application Venezuela Electrical Submersible Pumps Market Venezuela Electrical Submersible Pumps Market – By Application Brazil Electrical Submersible Pumps Market Brazil Electrical Submersible Pumps Market – By Application Rest of South & Central America Electrical Submersible Pumps Market Rest of South & Central America Electrical Submersible Pumps Market – By Application Section 6 Company Profiles GE Oil & Gas Baker Hughes Incorporated Transparency Market Research 7 Electrical Submersible Pumps (ESPs) Market Halliburton Company Schlumberger Limited Weatherford International JSC Novomet-Perm Borets Company LLC Lufkin Industries, LLC Flotek Industries, Inc. Torqueflow Sydex Ltd. Browse Electrical Submersible Pumps (ESPs) Market the full report at http://www.transparencymarketresearch.com/electrical-submersible-pumps-market.html About Us Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Contact Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 Transparency Market Research 8 Electrical Submersible Pumps (ESPs) Market United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Email: [email protected] Website: http://www.transparencymarketresearch.com/ Transparency Market Research 9
Electrical submersible pumps (ESP) are vertically operating multi-stage pumps with centrifugal action. All stages in an ESP have their characteristic rotary impeller and a stationary diffuser. The multistage pumps are generally used in the oil and gas sector due to their ability to control larger volumes of oil and water within the wellbore. ESPs are pumps that are designed especially for the oil and gas industry. They are used in wells that can manage to withstand fluid outputs that range from 200 bpd to 60,000 bpd, all at depths reaching to 15,000 feet.The global ESP market is exhibiting a CAGR of 8.94% from 2014 to 2022. The market was valued at US$10.60 bn in 2013. By 2022, its value will become US$16.7 bn by 2022. In-depth research report on Electrical Submersible Pumps (ESPs) Market with Full TOC at : http://www.transparencymarketresearch.com/electrical-submersible-pumps-market.html
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