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Global Electric Submersible Pump Market Analysis and Development Trends Forecast by 2025

Electric Submersible Pump Market report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency.

 

Los Angeles, CA -- (SBWIRE) -- 02/14/2019 -- Electrical Submersible Pumps (ESP) are one of the most reliable and efficient ways to lift fluids to the surface, both oil and water. As the name suggests, it is submerged into the reservoir fluids and pushes the fluid to the surface. The ESP pumps can be designed to handle fluids of up to 60,000 b/d and cover various well conditions and production profiles, and generally a low cost solution for high volumes of lifting.

Submersible pump to fundamentally eliminate the phenomenon of air resistance, the use of positive pressure push the principle of a fundamental solution to the high-temperature environment, high-lift, long-range conditions, pipeline pump, volumetric pumps, vane pumps and other negative work principle of the electric pump cannot solve the problem (such as less oil, not even the drawbacks of oil).

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North America and China, is the main production base of Electric Submersible Pump, key manufacturers: Schlumberger, Borets, General Electric, Baker Hughes, etc. The Sales of Electric Submersible Pump was 22962 units in 2015, of which 47.83% is produced in USA and Russia.

Russia, USA and China are the major sales markets, with global market share of 25.2%, 21.19% and 13.67% in 2015. But the market share of these regions is gradually declined, and the market in other areas is expanding year by year.

Low Temperature Electric Submersible Pumps are the most popular product type nowadays for its convenience, and will account for a growing market share due to the rapid development of urban logistics industry.

The global Electric Submersible Pump market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.

This report focuses on Electric Submersible Pump volume and value at global level, regional level and company level. From a global perspective, this report represents overall Electric Submersible Pump market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.

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At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

The following manufacturers are covered:

Schlumberger, Borets Company, General Electric, Baker Hughes, Halliburton, Canadian Advanced ESP, Lvpai, Lishen Pump, Shengli Pump

Segment by Type

Low Temperature ESP, High Temperature ESP

Segment by Application

Onshore, Offshore

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