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North America Electric Submersible Pump Market Analysis 2020-2026: Key Players are Borets, Schlumberger, Halliburton, Wilo SE, Weatherford, General Electric, Atlas Copco
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According to the Graphical Research new growth forecast report titled "North America Electric Submersible Pump Market By Industry (Oil & Gas {Onshore, Offshore}, Sewage & Wastewater, Agriculture, Building Services), By Well (Borewell {Sewage & Wastewater, Agriculture, Building Services}, Open well {Sewage & Wastewater, Agriculture, Building Services}), By Operation (Single Stage, Multistage), Industry Analysis Report, Country Outlook (U.S., Canada, Mexico), Application Potential, Competitive Market Share & Forecast, 2020 - 2026", is anticipated to expand over 6% by 2026.
Rapid commercialization along with growing awareness toward advanced pumping technologies will foster the North America ESP market growth. Ongoing development across sewage plants and wastewater treatment facilities will instigate the demand for submersible sewage and slurry pumps. In addition, growing investments toward the development and refurbishment of existing infrastructure coupled with introduction of strict water management and usage norms will complement the business landscape.
Prevailing expansion of building network along with favorable government activities toward development of effective distribution facilities will fuel the Mexico electric submersible pump market growth. Ongoing replacement of conventional systems coupled with strict building efficiency codes have amplified the demand for newer technologies. Increasing demand from commercial and residential communities to facilitate water supply and distribution across the high-rise buildings and apartments will augment the industry landscape.
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Diminishing water resources along with excessive digging of borewells for ground water extraction will facilitate the demand for agricultural submersible pumps. The units are deployed in large scale irrigation projects, kitchen gardens and farms. Some of the key specifications that include stainless steel design, wear & abrasion resistance and wide voltage range make them feasible compared to other available alternatives.
The single stage electric submersible pump market will grow on account of increasing adoption across industrial and commercial water pumping and robust demand from residential establishments. The systems have a simple design with maximum head of over 125 meters and low flow & low pump head deployed with a single impeller. Low cost in comparison to its substitutes coupled with availability in various power rating and voltage ranges will encourage the product penetration.
Leading players functioning across the North America electric submersible pump market include Borets, Schlumberger, Halliburton, Wilo SE, Weatherford, General Electric, Atlas Copco, Ebara, Sulzer, Crompton Greaves, Grundfos Holding, Novomet-Perm, Flowserve Corporation and Tsurumi Manufacturing. In addition, product differentiation and low-cost manufacturing are some of the key growth initiatives adopted by the industry leaders. In addition, significant spending in research and development along with integration of new technologies including sensors for downhole monitoring and surveillance will encourage the product adoption.
The North America Electric Submersible Pump Market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD million from 2020 to 2026, for the following segments:
North America Electric Submersible Pump Market Share, By Industry
Oil & Gas
Onshore
Offshore
Sewage & Wastewater
Agriculture
Building Services
North America Electric Submersible Pump Market Size, By Well
Borewell
Sewage & Wastewater
Agriculture
Building Services
Open well
Sewage & Wastewater
Agriculture
Building Services
North America Electric Submersible Pump Market Value, By Operation
Single Stage
Multistage
Browse key industry insights along with Full TOC @ https://www.graphicalresearch.com/industry-insights/1252/north-america-electric-submersible-pump-market
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Parikhit B.
Corporate sales,
Graphical Research
Email: sales@graphicalresearch.com
Web: https://www.graphicalresearch.com
About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
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