Global Electrical Submersible Pumps Market: Advancements in Drilling Technology and Spiraling Offshore Oil Production to Bolster Uptake, Observes TMR
The global electrical submersible pumps market is extremely consolidated as is dominated by four players accounting for a combined share of more than 86.0% in 2013, finds Transparency Market Research (TMR) in a new report. Other prominent companies operating in the market are: GE Oil & Gas, Baker Hughes Incorporated, Borets Service Company, LLC, and Schlumberger Limited. TMR notes that these leading companies are making substantial investment in bringing technological innovations and actively adopting product differentiation in order to gain...
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