Los Angeles, CA -- (SBWIRE) -- 04/19/2019 -- HPS (Horizontal Surface Pumps) include a pump at the surface to send the power fluid down hole, a gas, diesel or electric engine to drive the pump, and a system for storing, treating and delivering the power fluid (produced oil or water) for use by the down hole pump .
The global consumption of HPS products rises up from 2301 units in 2011 to 2676 units in 2015, with an average annual growth rate of 4.08%. At the same time, the revenue of world HPS sales market has a leap from 389.45 million dollar to 427.44 million dollar. The reason causes this increase is the growing demand for the HPS products, which is the outcome of the downstream industries are in a good situation.
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Although sales of HPS products bring a lot of opportunities, the study group recommends the new entrants who just have money but without technical advantage, raw materials advantage and downstream support, do not enter into the HPS field hastily.
The global HPS (Horizontal Surface Pumps) market was 420 million US$ in 2018 and is expected to 530 million US$ by the end of 2025, growing at a CAGR of 3.0% between 2019 and 2025.
This report studies the HPS (Horizontal Surface Pumps) market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of HPS (Horizontal Surface Pumps) in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include:
Canadian Advanced ESP
National Oilwell Varco
By the product type, the market is primarily split into:
Under 100 HP
Above 600 HP
By the end users/application, this report covers the following segments:
Oil & Natural Gas
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