Electric Submersible Cables Market 2018 - 2026 | Baker Hughes, Schlumberger Limited, Prysmian Group, Nexans, Siemens AG, Borets, Halliburton

- Electric Submersible Cables Market – Overview

Electric submersible cables are used to provide power from surface power sources to the downhole electrical submersible pumps. These pumps are mainly used in the artificial lift of oil and gas resources, offshore drilling rigs, irrigation, mine dewatering, drinking water supply, sewage treatment plants, industries, fountains, sea water filtration plants, swimming pools, and aquariums. These cables are generally manufactured in flat and round cross-sections, and the selection of the type of cable depends upon the available clearance through which theses cables have to pass. The selection of a quality electric submersible cables is very important, as they can affect the operation and can lead to increase in maintenance costs and downtime of the equipment.
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Increase in number of electrical submersible pumps across major end-user industries such as oil & gas, agriculture, water & wastewater, etc. is expected to drive demand for electric submersible cables, as the demand for these cables is directly proportional to demand for electrical submersible pumps. Moreover, increasing depth of oil wells is also projected to drive the market in the near future. However, preference of gas lift method over of electrical submersible pump systems for shale gas production is likely to be a major restraint for the market. The world is moving toward unconventional sources of energy such as shale gas. Limited deployability of electrical submersible pump systems in shale gas is anticipated be a significant restraint for the market.

The report comprises profiles of major companies operating in the global electric submersible cables market. Key players in the electric submersible cables market are Baker Hughes, Schlumberger Limited, Prysmian Group, Nexans, Siemens AG, Borets, Halliburton, The Kerite Company, Havells, Jainson Cables, V-GUARD INDUSTRIES LTD., Superstar Cables, Southwire Company, LLC, and Alkhoorayef Petroleum. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, regional presence, and recent developments.
 
The global electric submersible cables market has been segmented as follows:

- Electric Submersible Cables Market, by ESP Cable Type

ESP Flat Power Cable
ESP Round Power Cable

- Electric Submersible Cables Market, by Insulation

Polypropylene
Ethylene Propylene Diene Monomer (EPDM)

- Electric Submersible Cables Market, by End-user Industry

Oil & Gas
Agriculture
Mining
Construction
Others
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- Electric Submersible Cables Market, by Region
North America
U.S.
Canada
Europe
Germany
U.K.
Russia & CIS
Norway
Rest of Europe
Asia Pacific
China
India
Australia
ASEAN
Rest of Asia Pacific
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