Global Electrical Submersible Pumps Market Driven by Rising Oilfield Explorations from Unconventional Resources
The report states that the rising numbers of new oilfield explorations across the globe owing to the mounting demand for energy is a key factor propelling the market. The global electrical submersible pumps market is expected to expand at a healthy 8.94% CAGR between 2014 and 2022. At this pace, the market, which had a valuation of US$10.6 bn in 2013, will rise to US$16.7 bn by 2022.The report is titled, "Electrical Submersible Pumps (ESPs) Market - Global Industry Analysis,...
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