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Electric Submersible Pump Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
Electric Submersible Pump Market
The electric submersible pump systems are one of the most effective artificial lift methods of pumping fluids to the surface. They are widely used in the oil and gas industry due to its higher efficiency, low maintenance and low space requirements. ESP are used to take out products from wells with low bottom hole pressure effectively. They are high volume and depth champions among other oil field lift systems. On the other hand these systems needs vey high voltage and electric supply and as they produce highly viscous oils moreover the ESP systems are less flexible and can’t be operated at variable speed. The growing oil & gas industry is driving the market for ESP systems and has several opportunities for the market in future.
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The major application of ESP is segmented in two types including onshore water flood operations and all the other subsea productions where large volume of fluids has to be lifted. The ESP pumps are found in many applications that can be categorized in two type single stage pumps and multiple stage pumps. The single stage pumps are used for drainage, industrial pumping and sewage pumping and multiple stage submersible are typically borehole that is used for residential, commercial and industrial water extraction and in oil wells.
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Some of the market players of this market are Falcon Pumps Pvt. Ltd., Grundfos Pumps Corporation, and Walrus America Inc. amongst other manufacturers.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
North America
Asia Pacific
Europe
Latin America
The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
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