Global Electric Submersible Pump Sales Market Report 2020

Electrical Submersible Pumps (ESP) are one of the most reliable and efficient ways to lift fluids to the surface, both oil and water. As the name suggests, it is submerged into the reservoir fluids and pushes the fluid to the surface. The ESP pumps can be designed to handle fluids of up to 60,000 b/d and cover various well conditions and production profiles, and generally a low cost solution for high volumes of lifting.

Submersible pump to fundamentally eliminate the phenomenon of air resistance, the use of positive pressure push the principle of a fundamental solution to the high-temperature environment, high-lift, long-range conditions, pipeline pump, volumetric pumps, vane pumps and other negative work principle of the electric pump cannot solve the problem (such as less oil, not even the drawbacks of oil).
North America and China, is the main production base of Electric Submersible Pump, key manufacturers: Schlumberger, Borets, General Electric, Baker Hughes, etc. The Sales of Electric Submersible Pump was 22962 units in 2015, of which 47.83% is produced in USA and Russia.

Market Analysis and Insights: Global Electric Submersible Pump Market
The global Electric Submersible Pump market size is projected to reach US$ 4483 million by 2026, from US$ 2793.9 million in 2020, at a CAGR of 8.2% during 2021-2026.

Global Electric Submersible Pump Scope and Market Size
The global Electric Submersible Pump market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Electric Submersible Pump market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2015-2026.

Segment by Type, the Electric Submersible Pump market is segmented into
Low Temperature ESP
High Temperature ESP

Segment by Application, the Electric Submersible Pump market is segmented into
Onshore
Offshore

The Electric Submersible Pump market is analysed and market size information is provided by regions (countries). Segment by Application, the Electric Submersible Pump market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
The report includes region-wise market size for the period 2015-2026. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.

Competitive Landscape

and Electric Submersible Pump Market Share Analysis
Electric Submersible Pump market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Electric Submersible Pump business, the date to enter into the Electric Submersible Pump market, Electric Submersible Pump product introduction, recent developments, etc.

The major vendors covered:
Schlumberger
Borets Company
General Electric
GE (Baker Hughes)
Halliburton
Canadian Advanced ESP
Lvpai
Lishen Pump
Shengli Pump