Press release
Submersible Pumps Global Market Analysis, Growth Rate, Top Companies, Industry Challenges, Market Trends and Forecasts to 2023
In the oil and gas industry, electric submersible pump (ESP) systems are probably best known as an effective artificial lift method of pumping production fluids to the surface. It is a multi-stage centrifugal pump that is coupled to a sealed motor, then lowered down a wellbore and used for fluid abstraction. It supplements the natural driving force of the reservoir and increases the production rate by reducing the flowing bottom-hole pressure. The pump itself is a multi-stage unit with the type and number of stages being determined by the operating requirements of each well application. It is used over a wide variety of applications because they have a simple design that produces high efficiency. Electric submersible pumps market is one of the fastest growing markets owing to its increased applications across various end-use industries such as pharmaceutical, cosmetics, water treatment, mining, chemical, oil & gas and others.
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Submersible Pumps Market - Segmentation
Global Electric Submersible Pumps Market is segmented in to 2 Key dynamics for an easy grasp and enhanced understanding.
Segmentation by Well Type: land and offshore
Segmentation by Components: Power Cables, Multi staged Centrifugal Pump, and Three Phase Induction Motors
Segmentation by Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Top Key Players:-
The key players of the global submersible pumps market are Xylem, Inc. (U.S.), Sulzer AG (Switzerland), KSB Group (Germany), Grundfos Group (Denmark), Ebara Corporation (Japan), Flowserve Corporation (U.S.), and Tsurumi Manufacturing Co., Ltd (Japan). Gorman-Rupp Company (U.S.), General Electric Company (U.S.), WILO SE (Germany), The Weir Group Plc (Scotland), Walrus Pump Co., Ltd. (Taiwan), Atlas Copco AB (Sweden), and Kirloskar Brothers Limited (India) are among others.
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Submersible Pumps Market - Regional Analysis
North America is currently the leading in electric submersible pumps market and is followed by Europe and Asia. Whereas, Europe was the largest consumer of ESPs, It is likely to remain the largest market for ESPs throughout the forecast period, primarily due to an increasing number of mature fields in Russia, Norway, Kazakhstan, and the U.K. Rapidly increasing shale oil production in the U.S. and production from oil sand in Canada are the primary contributors to the market growth of ESP installations in North America. Moreover, electric submersible pumps market is expected to grow, owing to factors such as increasing industrialization; investment in water infrastructure, chemicals, power, and oil & gas, upsurge in infrastructural development projects, rising standards of living & growing urbanization and higher demand for proper sanitation.
Major Points from Table Of Content:-
1 Executive Summary
2 Scope Of The Report
3 Market Landscape
4 Market Dynamics
5 Global Submersible Pumps Market, By Well Type
6 Global Submersible Pumps Market, By Operation
7 Global Submersible Pumps Market, By Power Rating
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8 Global Submersible Pumps Market, By End-User
8.1 Introduction
8.2 Construction & Mining
8.2.1 Market Estimates & Forecast, 2017-2023
8.2.2 Market Estimates & Forecast By Region, 2018-2023
8.3 Energy And Power
8.3.1 Market Estimates & Forecast, 2017-2023
8.3.2 Market Estimates & Forecast By Region, 2018-2023
8.4 Water And Wastewater
8.4.1 Market Estimates & Forecast, 2017-2023
8.4.2 Market Estimates & Forecast By Region, 2018-2023
8.5 Others
8.5.1 Market Estimates & Forecast, 2017-2023
8.5.2 Market Estimates & Forecast By Region, 2018-2023
Continued.....
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