Electrical Submersible Pumps (ESPs) Market Forecast 2014 - 2022

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Transparency Market Research Electrical Submersible Pumps (ESPs) Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2014 - 2022

Published Date 23-Sep-2015

119 Page Report

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Electrical Submersible Pumps (ESPs) Market

REPORT DESCRIPTION

Electrical Submersible Pumps (ESPs) Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2014 - 2022 According to this report, the global market revenue for ESPs stood at US$10.6 bn in 2013 and is expected to reach US$16.7 bn by 2022 at a CAGR of 8.94% from 2014 to 2022. Electrical submersible pumps (ESPs) are multistage centrifugal pumps that are used in the oil industry to increase the production of oil from the oil well. ESP systems differ according to the well specifications and geographies. These are economically designed pumps for oil and water wells that can handle fluid output ranging from 200 bpd to 60,000 bpd at depths of up to 15,000 feet. These pumps provide low lifting costs for high fluid volumes and help in scale and corrosion treatment in the wellbore. The market for ESPs can be segmented geographically into five regions, namely North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America. Europe was the largest consumer of ESPs, accounting for 59.77% of the overall market share in 2013. Europe is likely to remain the largest market for ESPs throughout forecast period, primarily due to an increasing number of mature fields in Russia, Norway, Kazakhstan, and the U.K. Browse Electrical Submersible Pumps (ESPs) Market the full report at http://www.transparencymarketresearch.com/electrical-submersible-pumps-market.html North America ranks second in terms of market share, accounting for 20.28% of the global market for ESP in 2013. Rapidly increasing shale oil production in the U.S. and production from oil sand in Canada are the primary drivers of the market growth of ESPs in North America. Asia Pacific ranks third in the global ESP market. Asia Pacific contains a large number of offshore wells in Australia, Malaysia, and the South China Sea. Increasing E&P activities in the South China Sea and prospective development of China’s shale reserves by 2017 are the major factors which would make Asia Pacific one of the most attractive markets for ESPs installations in the near future. The ESP market in South & Central America is expected to grow significantly in the near future due to large number of mature fields in Brazil and Venezuela. In the future, the requirement of ESP systems is expected to increase gradually as a result of new discoveries of oilfields in offshore areas of South America and Africa and increasing number of mature fields globally. The global market for ESP has been segmented as follows

ESPs Market: By Application

Onshore

Offshore

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Electrical Submersible Pumps (ESPs) Market

ESPs Market: By Region

North America

S.

Canada

Rest of North America

Asia Pacific

China

Indonesia

Rest of Asia Pacific

Europe

Russia

Norway

Kazakhstan

Rest of Europe

Middle East & Africa

Saudi Arabia

United Arab Emirates

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Electrical Submersible Pumps (ESPs) Market

Nigeria

Rest of Middle East & Africa

South & Central America

Venezuela

Brazil

Rest of South & Central America

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TABLE OF CONTENT

Section 1 Preface Report Description Market Segmentation Research Scope Research Methodology

Section 2 Executive Summary Executive Summary

Section 3 Industry Analysis Introduction

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Electrical Submersible Pumps (ESPs) Market

Value Chain Analysis Market Dynamics Porter’s Five Forces Analysis Company Market Share-Electrical Submersible Pumps Market, 2014 Market Attractiveness Analysis-Electrical Submersible Pumps Market, By Region

Section 4 Global Electrical Submersible Pumps Market – Application Segment Introduction – Electrical Submersible Pumps Application Segment Terrestrial Laser Scanning Market – By Onshore Terrestrial Laser Scanning Market – By Offshore

Section 5 Global Electrical Submersible Pumps Market – Regional Analysis Global Overview – Electrical Submersible Pumps Market Market Analysis – Electrical Submersible Pumps North America Electrical Submersible Pumps Market – By Regional Sub-segment, 2013-2022 North America Electrical Submersible Pumps Market – Overview North America Electrical Submersible Pumps Market – By Application U.S. Electrical Submersible Pumps Market U.S. Electrical Submersible Pumps Market – By Application Canada Electrical Submersible Pumps Market Canada Electrical Submersible Pumps Market – By Application Mexico Electrical Submersible Pumps Market

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Electrical Submersible Pumps (ESPs) Market

Mexico Electrical Submersible Pumps Market – By Application Asia Pacific Electrical Submersible Pumps Market – By Regional Sub-segment, 2013-2022 Asia Pacific Electrical Submersible Pumps Market – Overview Asia Pacific Electrical Submersible Pumps Market – By Application China Electrical Submersible Pumps Market China Electrical Submersible Pumps Market – By Application Indonesia Electrical Submersible Pumps Market Indonesia Electrical Submersible Pumps Market – By Application Rest of Asia Pacific Electrical Submersible Pumps Market Rest of Asia Pacific Electrical Submersible Pumps Market – By Application Europe Electrical Submersible Pumps Market – By Regional Sub-segment, 2013-2022 Europe Electrical Submersible Pumps Market – Overview Europe Electrical Submersible Pumps Market – By Application Russia Electrical Submersible Pumps Market Russia Electrical Submersible Pumps Market – By Application Norway Electrical Submersible Pumps Market Norway Electrical Submersible Pumps Market – By Application Kazakhstan Electrical Submersible Pumps Market Kazakhstan Electrical Submersible Pumps Market – By Application Rest of Europe Electrical Submersible Pumps Market Rest of Europe Electrical Submersible Pumps Market – By Application Middle East & Africa Electrical Submersible Pumps Market – By Regional Sub-segment, 2013-2022

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Electrical Submersible Pumps (ESPs) Market

Middle East & Africa Electrical Submersible Pumps Market – Overview Middle East & Africa Electrical Submersible Pumps Market – By Application Saudi Arabia Electrical Submersible Pumps Market Saudi Arabia Electrical Submersible Pumps Market – By Application United Arab Emirates (UAE) Electrical Submersible Pumps Market United Arab Emirates (UAE) Electrical Submersible Pumps Market – By Application Nigeria Electrical Submersible Pumps Market Nigeria Electrical Submersible Pumps Market – By Application Rest of Middle East & Africa Electrical Submersible Pumps Market Rest of Middle East & Africa Electrical Submersible Pumps Market – By Application South & Central America Electrical Submersible Pumps Market – Overview South & Central America Electrical Submersible Pumps Market – By Application Venezuela Electrical Submersible Pumps Market Venezuela Electrical Submersible Pumps Market – By Application Brazil Electrical Submersible Pumps Market Brazil Electrical Submersible Pumps Market – By Application Rest of South & Central America Electrical Submersible Pumps Market Rest of South & Central America Electrical Submersible Pumps Market – By Application

Section 6 Company Profiles GE Oil & Gas Baker Hughes Incorporated

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Electrical Submersible Pumps (ESPs) Market

Halliburton Company Schlumberger Limited Weatherford International JSC Novomet-Perm Borets Company LLC Lufkin Industries, LLC Flotek Industries, Inc. Torqueflow Sydex Ltd. Browse Electrical Submersible Pumps (ESPs) Market the full report at http://www.transparencymarketresearch.com/electrical-submersible-pumps-market.html

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Electrical Submersible Pumps (ESPs) Market

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