The Worldwide Electric Submersible Pumps Industry is Projected to Reach $10.7 Billion by 2030: Energy Service Providers Seek Acquisition of Electric Submersible Pump Companies

DUBLIN, Feb. 1, 2023 /PRNewswire/ -- 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

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/1eau7

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SOURCE Research and Markets