Electrical Submersible Pumps (Esps) Market Analysis and Forecast 2014 - 2022

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%...