Market Overview

Global Electric Submersible Pumps Market by Location of Deployment and Geography - Forecast to 2023 - ResearchAndMarkets.com

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The "Global
Electric Submersible Pumps Market - Analysis by Location of Deployment
and Geography - Growth, Trends, and Forecast (2018 - 2023)"

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ESPs are widely used in the oil & gas industry due to its higher
efficiency, low maintenance and low space requirements. Moreover, the
growing oil & gas industry is expected to drive the market for ESP
systems and has several opportunities for the market in future.

The electric submersible pump market is expected to grow in the near
future, owing to increasing focus on improvement in oil & gas upstream
activities. The worldwide rig count stood at 2,179 in March 2018 and it
is anticipated to increase in coming years on account of growth in
increasing exploration & production (E&P) activities.

Moreover, increase in number of depleting reserves across the world is
expected to create increasing market opportunities for electric
submersible pumps business. ESPs, can bring more oil to the surface by
boosting the pressure in a reservoir, and hence, are increasingly being
used in unconventional wells to maximize economics of oil. Major oil
companies are expanding their business in ESPs.

Key Highlights

  • New Deepwater and Ultra-deep Water Development Projects is Driving the
    Market
  • North America to Dominate the Market Growth

Developments in the Market

  • February 2018: Weatherford International plc launched a new software
    for its ForeSite production optimization platform. The software builds
    on the platform's existing capabilities, which include optimization
    support for reciprocating rod-lift systems, by adding support for
    gas-lift and electric submersible pump (ESP) systems, as well as
    naturally flowing wells.

Key Topics Covered

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Value Chain Analysis

6. Industry Attractiveness - Porter's Five Forces Analysis

7. Market Segmentation and Analysis

8. Regional Market Analysis

9. Key Company Analysis

  • General Electric
  • Schlumberger Limited
  • Halliburton Company
  • Borets International Limited
  • Grundfos Pumps Corporation
  • Falcon Pumps Pvt. Ltd.
  • Weatherford International
  • Walrus America Inc
  • Torqueflow Sydex Ltd
  • JSC Novomet-Perm

10. Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/hqrs77/global_electric?w=4

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