Transparency Market Research has released a new market report titled Electrical Submersible Pumps (ESPs) Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast, 2014 - 2022. According to this report, the global electrical submersible pumps 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. Download the Electrical Submersible Pumps Industry Fact Sheet by 2022 @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6625 Electrical submersible pumps (ESPs) are multistage centrifugal pumps that operate in a vertical position. All the stages consist of a stationary diffuser and a rotating impeller. These multistage pumps are primarily used in the oil & gas industry to handle higher volume of oil and water (heavy liquid) in the wellbore. ESPs 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 costs for lifting high fluid volumes and facilitate scale and corrosion treatment in wellbore. ESP is primarily composed of a driver unit and a pumping unit. A driver can either be an electric motor or a water turbine.
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