Global Electric Submersible Pumps Strategic Business Report 2023: Shale Companies Look out for Alternate Technologies

Research and Markets
·3 min read
Company Logo
Company Logo

Dublin, Feb. 01, 2023 (GLOBE NEWSWIRE) -- The "Electric Submersible Pumps - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Electric Submersible Pumps estimated at US$8.1 Billion in the year 2022, is projected to reach a revised size of US$10.7 Billion by 2030, growing at a CAGR of 3.6% over the analysis period 2022-2030.

On-Shore, one of the segments analyzed in the report, is projected to record 3.9% CAGR and reach US$7.9 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Off-Shore segment is readjusted to a revised 2.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 6.1% CAGR

The Electric Submersible Pumps market in the U.S. is estimated at US$2.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2030 trailing a CAGR of 6.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR.

Select Competitors (Total 13 Featured) -

  • Borets Company LLC

  • Falcon Pumps Pvt.Ltd.

  • General Electric Company

  • Grundfos Pumps Corporation

  • Halliburton

  • Novomet-Perm JSC

  • Schlumberger Ltd.

  • Torqueflow Sydex Ltd.

  • Walrus America Inc.

  • Weatherford International Ltd.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

  • Global competitiveness and key competitor percentage market shares

  • Market presence across multiple geographies - Strong/Active/Niche/Trivial

  • Online interactive peer-to-peer collaborative bespoke updates

  • Access to digital archives and Research Platform

  • Complimentary updates for one year

Report Attribute

Details

No. of Pages

232

Forecast Period

2022 - 2030

Estimated Market Value (USD) in 2022

$8.1 Billion

Forecasted Market Value (USD) by 2030

$10.7 Billion

Compound Annual Growth Rate

3.5%

Regions Covered

Global

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights

  • World Market Trajectories

  • Electric Submersible Pumps - Global Key Competitors Percentage Market Share in 2022 (E)

  • Impact of Covid-19 and a Looming Global Recession

  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

  • Market Overview

  • Product Overview

  • Major Regional Markets

  • Permanent Magnet Motor (PMM) ESP System

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Rise in Integration of AI and Cloud Technology Platforms

  • Companies Seek ESP Systems Upgrades

  • Shale Companies Look out for Alternate Technologies

  • Focus on Innovations on Rise to Address Immediate Challenges

  • Increase in Mining Activities Drives Growth Prospects

  • New Deepwater and Ultra-Deep Water Development Projects is Driving the Electric Submersible Pumps Market

  • Companies Extend Predictive Failure Analytics to ESPs

  • ESP in High Free Gas Applications

  • Oil and Gas Industry Dynamics Drive Demand for Electric Submersible Pump Market.

  • Annual Growth Estimates and Forecasts for Global Demand for Oil: 2017-2023

  • Capital Spending in the Global Oil & Gas Upstream Sector: 2017-2023

  • Increasing Depth of Oil Wells is also Projected to Drive the Market in Near Future.

  • Energy Service Providers Seek Acquisition of Electric Submersible Pump Companies

  • Recent Industry Activity

  • XPV Water Partners Invests in Holland Pump Company.

  • Weatherford International Partners with Valiant Artificial Lift Solutions to Commercialize ESPs.

  • May River Acquires Stancor from Knox Capital Holdings.

  • Franklin Electric Acquires Industrias Rotor Pump S.A.

  • Kirloskar Brothers Launches 'KOSi' Pumps

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/ilcia2

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900


Latest Stories

  • 2023 shortstop rankings: How big a risk is Fernando Tatis Jr.? Is Corey Seager primed for big year?

    Coming off a shortened 2022, Fernando Tatis will miss the first 20 games due to suspension and is changing positions. Where does he land at shortstop?

  • Three generations of family diagnosed with same brain tumour

    Three generations of one family have been diagnosed with deadly brain tumours, in what is thought to be a less than a one in a billion chance.

  • Wildfires ravage Spain's Asturias as temperatures hit record highs

    More than 100 wildfires broke out in Spain's northern Asturias region on Thursday, most of them started on purpose by arsonists and others, authorities said, as temperatures soared to record highs. Flames raged near a road as cars drove by in Asturias, a lush region with rainy oceanic climate, local TV footage showed. Spain's government says it is worried there will be more fires this year after an unusually dry winter across parts of southern Europe, amid rising temperatures caused by climate change.

  • Badminton club seeking new members for next season

    The Niagara-on-the-Lake men’s senior badminton club is looking to fill out its roster with a few more players for next season. And it's offering free sessions in April to try to recruit newcomers. Club president Brian Law took over the club after former president Ted Little left in December. “In the past, we've filled three courts,” Law said. A club member for about four years, Law remembers before the pandemic there were almost 35 members. After lockdowns, the membership had dwindled to closer

  • Global Food Retailers Database 2023: 1,050 Profiles of Food Retailers and Retail Head Offices

    Dublin, March 30, 2023 (GLOBE NEWSWIRE) -- The "Food Retailers in Europe, America, Asia and Africa" newsletter has been added to ResearchAndMarkets.com's offering. The online database gives you unique access to practical rankings of food retailers in Europe as well as some major countries elsewhere. It holds a total of 1,050 profiles of food retailers and retail head offices located in Europe, America, Asia, and Africa. The analyst has been collecting and publishing key data on food retailers wo

  • Deep Frozen Packaging Logistics Market is projected to grow at a CAGR of 7.7% by 2033: Visiongain Reports Ltd

    Visiongain has published a new report entitled Deep Frozen Packaging Logistics 2023-2033. It includes profiles of Deep Frozen Packaging Logistics Forecasts by Type (Dry Shippers, Dry Ice Shipper), by Materials (Clinical Trials, Cell & Gene Therapies, Reagents, Cell Culture Media), plus COVID-19 Impact Analysis and Recovery Pattern Analysis (“V”-shaped, “W”-shaped, “U”-shaped, “L”-shaped), Profiles of Leading Companies, Region and Country. The deep frozen packaging logistics market was valued at

  • Prince Harry Returns to London Court for Final Day of Phone Hacking Hearing

    The High Court judge is not expected to make a decision on whether the case should proceed to trial for a few weeks

  • 2023 first base rankings: With reigning MVP Paul Goldschmidt, position packs a punch

    First base is traditionally a position where fantasy teams can find plenty of homers and RBI. Check out our top 40.

  • Yousaf’s Cabinet appointments approved in vote by MSPs

    The new Scottish First Minister chose his ministers on Wednesday.

  • McLean doubles down that education policies are sufficient

    Sexual assault is a difficult topic, especially as evidenced in the legislature March 22 and the scrum afterward. Tough questions were posed about the lack of a policy within the department of Education for student-on-student harm by Kate White, the leader of the Yukon NDP. The NDP leader asked Education Minister Jeanie McLean how it could be possible that a young woman could have reported a sexual assault to the RCMP and the administration and still be forced to spend the next few years sharing

  • Meet the Miami Marlins’ 2023 Opening Day roster

    The roster includes five players who are on an Opening Day roster for the first time.

  • Israeli author: Netanyahu legacy imperiled by judicial plan

    The Israeli historian, philosopher and best-selling author Yuval Noah Harari said Thursday that Prime Minister Benjamin Netanyahu may go down in history as the man who destroyed Israel. Harari, who has been vocal about his opposition to a proposed judicial overhaul by Netanyahu’s right-wing government, said the long-serving prime minister has divided the country to preserve his political longevity. This has caused rifts that will be difficult to heal, Harari said.

  • Templeton Global Income Fund ("GIM" or the "Fund") Announces Notification of Sources of Distributions

    FORT LAUDERDALE, Fla., March 30, 2023--Templeton Global Income Fund [NYSE: GIM]

  • Franklin Universal Trust ("FT" or the "Fund") Announces Notification of Sources of Distributions

    SAN MATEO, Calif., March 30, 2023--Franklin Universal Trust [NYSE: FT]:

  • Hay fever: why some people suffer from it and others don't

    Our genetics, immune systems and conditions in the environment around us can all play a role in susceptibility to hay fever.

  • It’s MLB Opening Day! Here are 13 things you need to kick off baseball season

    Wake up and smell the peanuts and Cracker Jacks. It’s baseball Opening Day 2023! Here's everything you need to kick off the MLB season.

  • Why Faraday Future Stock Jumped, Then Dropped Today

    Investors initially cheered this morning after troubled electric vehicle (EV) start-up Faraday Future Intelligent Electric (NASDAQ: FFIE) announced it has finally begun production of its first EV offering. After securing $135 million through the issuance of convertible secured notes announced in February, the company said last night it has finally begun production.

  • Goldman Sachs recommends high-margin growth stocks

    Yahoo Finance’s Ines Ferre joins the Live show to discuss a Goldman Sachs analyst note that recommends investors own high-margin growth stocks vs. low-margin growth stocks.

  • Premier League clubs accused of ‘improper and possibly illegal behaviour over £470m avoided taxes’

    Premier League clubs have avoided £470 million in tax since 2015, according to a financial think tank alleging “improper and possibly illegal behaviour” across the game.

  • Speed cameras will mean big fines in NOTL safety zones

    Niagara Region is stepping up its traffic enforcement game in Niagara-on-the-Lake. And it could mean big fines arriving in the mail for drivers who exceed posted speed limits. The region is installing speed cameras to automatically enforce speed limits in NOTL’s community safe zones near schools, says Scott Fraser, the region’s associate director of transportation planning. The move is part of a larger traffic safety plan called the Vision Zero Road Safety Program, which aims to “eliminate traff