Global Electrical Submersible Pumps (ESPs) Market-Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2018-2025
The report covers the analysis and forecast of the electrical submersible pumps (ESPs) market on global as well as regional level. The study provides historic data of 2016 along with the forecast for the period between 2018 and 2025 based on revenue (USD Mn).
The study provides a detailed view of the Electrical Submersible Pumps (ESPs) Market, by segmenting it based on by product, by type, by application, by components, and regional demand. Wide use of electrical submersible pumps in construction and oil & gas industries is a major factor propelling the growth of the market. Rising preference of individuals towards submersible pumps over jet pumps further creates a huge demand and high growth opportunity of this market during the forecast period of 2018 to 2025.
Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Middle East and Africa and Latin America. The segmentation also includes by product, by type, by component, and application in all regions.
The competitive profiling of the key players in the Global Electrical Submersible Pumps (ESPs) Market across five broad geographic regions is included in the study. These include different business strategies adopted by the leading players and their recent developments.
A comprehensive analysis of the market dynamics that is inclusive of market drivers, restraints, and opportunities is part of the report. Additionally, the report includes potential opportunities in the electrical submersible pumps (ESPs) market at the global and regional levels. Market dynamics are the factors which impact the market growth, so their analysis helps understand the ongoing trends of the global market. Therefore, the report provides the forecast of the global market for the period from 2018 to 2025, along with offering an inclusive study of the electrical submersible pumps (ESPs) market.
The report provides the size of the electrical submersible pumps (ESPs) market in 2018 and the forecast for the next seven years up to 2025. The size of the global electrical submersible pumps (ESPs) market is provided in terms of revenue. Market revenue is defined in USD Mn. The market dynamics prevalent in North America, Europe, Asia Pacific, Middle East and Africa and Latin America has been taken into account in estimating the growth of the global market.
Market estimates for this study have been based on revenue being derived through regional pricing trends. The electrical submersible pumps (ESPs) market has been analyzed based on expected demand. Bottom-up approach is done to estimate the global revenue of the electrical submersible pumps (ESPs) market, split into regions. Based on product, type, component, and application the individual revenues from all the regions are summed up to achieve the global revenue for electrical submersible pumps (ESPs). Companies were considered for the market share analysis, based on their innovation and application and revenue generation. In the absence of specific data related to the sales of electrical submersible pumps (ESPs) several privately held companies, calculated assumptions have been made in view of the company’s penetration and regional presence.
The report covers a detailed competitive outlook that includes the market share and company profiles of key players operating in the global market. Key players profiled in the report include General Electric (GE), Borets Company, Falcon Pumps Pvt. Ltd., Grundfos Pumps Corporation, Schlumberger Limited, Walrus America Inc., and few others likely to be named.
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Ankur Gupta, Head Marketing & Communications