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Electric Submersible Pumps - Global Market Trajectory & Analytics

  • ID: 4804334
  • Report
  • May 2020
  • Region: Global
  • 179 pages
  • Global Industry Analysts, Inc
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Amid the COVID-19 crisis and the looming economic recession, the Electric Submersible Pumps market worldwide will grow by a projected US$4 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 3.7%. Onshore, one of the segments analyzed and sized in this study, is forecast to grow at over 3.2% and reach a market size of US$12.4 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Onshore market will be reset to a new normal which going forward in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 2.4% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$98 Million to the region's size over the next 7 to 8 years. In addition, over US$104.5 Million worth of projected demand in the region will come from Rest of the European markets. In Japan, the Onshore segment will reach a market size of US$666 Million by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Electric Submersible Pumps market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world’s second largest economy will grow at 7% over the next couple of years and add approximately US$1.3 Billion in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Electric Submersible Pumps market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others:

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.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Global Competitor Market Shares
Electric Submersible Pumps Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
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
TABLE 1: Electric Submersible Pumps Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Electric Submersible Pumps Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Electric Submersible Pumps Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Onshore (End-Use) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027
TABLE 5: Onshore (End-Use) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
TABLE 6: Onshore (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Offshore (End-Use) Worldwide Sales in US$ Million by Region/Country: 2020-2027
TABLE 8: Offshore (End-Use) Historic Demand Patterns in US$ Million by Region/Country: 2012-2019
TABLE 9: Offshore (End-Use) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
Market Facts & Figures
US Electric Submersible Pumps Market Share (in %) by Company: 2019 & 2025
Market Analytics
TABLE 10: United States Electric Submersible Pumps Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
TABLE 11: Electric Submersible Pumps Historic Demand Patterns in the United States by End-Use in US$ Million for 2012-2019
TABLE 12: Electric Submersible Pumps Market Share Breakdown in the United States by End-Use: 2012 VS 2020 VS 2027
CANADA
TABLE 13: Canadian Electric Submersible Pumps Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
TABLE 14: Electric Submersible Pumps Market in Canada: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
TABLE 15: Canadian Electric Submersible Pumps Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
JAPAN
TABLE 16: Japanese Demand Estimates and Forecasts for Electric Submersible Pumps in US$ Million by End-Use: 2020 to 2027
TABLE 17: Japanese Electric Submersible Pumps Market in US$ Million by End-Use: 2012-2019
TABLE 18: Electric Submersible Pumps Market Share Shift in Japan by End-Use: 2012 VS 2020 VS 2027
CHINA
TABLE 19: Chinese Demand for Electric Submersible Pumps in US$ Million by End-Use: 2020 to 2027
TABLE 20: Electric Submersible Pumps Market Review in China in US$ Million by End-Use: 2012-2019
TABLE 21: Chinese Electric Submersible Pumps Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
EUROPE
Market Facts & Figures
European Electric Submersible Pumps Market: Competitor Market Share Scenario (in %) for 2019 & 2025
Market Analytics
TABLE 22: European Electric Submersible Pumps Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 23: Electric Submersible Pumps Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 24: European Electric Submersible Pumps Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 25: European Electric Submersible Pumps Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
TABLE 26: Electric Submersible Pumps Market in Europe: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
TABLE 27: European Electric Submersible Pumps Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
FRANCE
TABLE 28: Electric Submersible Pumps Quantitative Demand Analysis in France in US$ Million by End-Use: 2020-2027
TABLE 29: French Electric Submersible Pumps Historic Market Review in US$ Million by End-Use: 2012-2019
TABLE 30: French Electric Submersible Pumps Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
GERMANY
TABLE 31: Electric Submersible Pumps Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
TABLE 32: German Electric Submersible Pumps Market in Retrospect in US$ Million by End-Use: 2012-2019
TABLE 33: Electric Submersible Pumps Market Share Distribution in Germany by End-Use: 2012 VS 2020 VS 2027
ITALY
TABLE 34: Italian Demand for Electric Submersible Pumps in US$ Million by End-Use: 2020 to 2027
TABLE 35: Electric Submersible Pumps Market Review in Italy in US$ Million by End-Use: 2012-2019
TABLE 36: Italian Electric Submersible Pumps Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
UNITED KINGDOM
TABLE 37: United Kingdom Demand Estimates and Forecasts for Electric Submersible Pumps in US$ Million by End-Use: 2020 to 2027
TABLE 38: United Kingdom Electric Submersible Pumps Market in US$ Million by End-Use: 2012-2019
TABLE 39: Electric Submersible Pumps Market Share Shift in the United Kingdom by End-Use: 2012 VS 2020 VS 2027
SPAIN
TABLE 40: Spanish Electric Submersible Pumps Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
TABLE 41: Electric Submersible Pumps Market in Spain: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
TABLE 42: Spanish Electric Submersible Pumps Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
RUSSIA
TABLE 43: Russian Electric Submersible Pumps Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
TABLE 44: Electric Submersible Pumps Historic Demand Patterns in Russia by End-Use in US$ Million for 2012-2019
TABLE 45: Electric Submersible Pumps Market Share Breakdown in Russia by End-Use: 2012 VS 2020 VS 2027
REST OF EUROPE
TABLE 46: Rest of Europe Electric Submersible Pumps Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
TABLE 47: Electric Submersible Pumps Market in Rest of Europe: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
TABLE 48: Rest of Europe Electric Submersible Pumps Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
ASIA-PACIFIC
TABLE 49: Asia-Pacific Electric Submersible Pumps Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 50: Electric Submersible Pumps Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019
TABLE 51: Asia-Pacific Electric Submersible Pumps Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
TABLE 52: Electric Submersible Pumps Quantitative Demand Analysis in Asia-Pacific in US$ Million by End-Use: 2020-2027
TABLE 53: Asia-Pacific Electric Submersible Pumps Historic Market Review in US$ Million by End-Use: 2012-2019
TABLE 54: Asia-Pacific Electric Submersible Pumps Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
AUSTRALIA
TABLE 55: Electric Submersible Pumps Market in Australia: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
TABLE 56: Australian Electric Submersible Pumps Market in Retrospect in US$ Million by End-Use: 2012-2019
TABLE 57: Electric Submersible Pumps Market Share Distribution in Australia by End-Use: 2012 VS 2020 VS 2027
INDIA
TABLE 58: Indian Electric Submersible Pumps Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
TABLE 59: Electric Submersible Pumps Market in India: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
TABLE 60: Indian Electric Submersible Pumps Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
SOUTH KOREA
TABLE 61: Electric Submersible Pumps Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by End-Use for the Period 2020-2027
TABLE 62: South Korean Electric Submersible Pumps Historic Market Analysis in US$ Million by End-Use: 2012-2019
TABLE 63: Electric Submersible Pumps Market Share Distribution in South Korea by End-Use: 2012 VS 2020 VS 2027
REST OF ASIA-PACIFIC
TABLE 64: Rest of Asia-Pacific Demand Estimates and Forecasts for Electric Submersible Pumps in US$ Million by End-Use: 2020 to 2027
TABLE 65: Rest of Asia-Pacific Electric Submersible Pumps Market in US$ Million by End-Use: 2012-2019
TABLE 66: Electric Submersible Pumps Market Share Shift in Rest of Asia-Pacific by End-Use: 2012 VS 2020 VS 2027
LATIN AMERICA
TABLE 67: Latin American Electric Submersible Pumps Market Trends by Region/Country in US$ Million: 2020-2027
TABLE 68: Electric Submersible Pumps Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 69: Latin American Electric Submersible Pumps Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
TABLE 70: Latin American Demand for Electric Submersible Pumps in US$ Million by End-Use: 2020 to 2027
TABLE 71: Electric Submersible Pumps Market Review in Latin America in US$ Million by End-Use: 2012-2019
TABLE 72: Latin American Electric Submersible Pumps Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
ARGENTINA
TABLE 73: Argentinean Electric Submersible Pumps Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
TABLE 74: Electric Submersible Pumps Market in Argentina: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
TABLE 75: Argentinean Electric Submersible Pumps Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
BRAZIL
TABLE 76: Electric Submersible Pumps Quantitative Demand Analysis in Brazil in US$ Million by End-Use: 2020-2027
TABLE 77: Brazilian Electric Submersible Pumps Historic Market Review in US$ Million by End-Use: 2012-2019
TABLE 78: Brazilian Electric Submersible Pumps Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027
MEXICO
TABLE 79: Electric Submersible Pumps Market in Mexico: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
TABLE 80: Mexican Electric Submersible Pumps Market in Retrospect in US$ Million by End-Use: 2012-2019
TABLE 81: Electric Submersible Pumps Market Share Distribution in Mexico by End-Use: 2012 VS 2020 VS 2027
REST OF LATIN AMERICA
TABLE 82: Rest of Latin America Electric Submersible Pumps Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
TABLE 83: Electric Submersible Pumps Historic Demand Patterns in Rest of Latin America by End-Use in US$ Million for 2012-2019
TABLE 84: Electric Submersible Pumps Market Share Breakdown in Rest of Latin America by End-Use: 2012 VS 2020 VS 2027
MIDDLE EAST
TABLE 85: The Middle East Electric Submersible Pumps Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 86: Electric Submersible Pumps Market in the Middle East by Region/Country in US$ Million: 2012-2019
TABLE 87: The Middle East Electric Submersible Pumps Market Share Breakdown by Region/Country: 2012, 2020, and 2027
TABLE 88: The Middle East Electric Submersible Pumps Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
TABLE 89: Electric Submersible Pumps Market in the Middle East: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
TABLE 90: The Middle East Electric Submersible Pumps Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
IRAN
TABLE 91: Iranian Demand Estimates and Forecasts for Electric Submersible Pumps in US$ Million by End-Use: 2020 to 2027
TABLE 92: Iranian Electric Submersible Pumps Market in US$ Million by End-Use: 2012-2019
TABLE 93: Electric Submersible Pumps Market Share Shift in Iran by End-Use: 2012 VS 2020 VS 2027
ISRAEL
TABLE 94: Israeli Electric Submersible Pumps Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
TABLE 95: Electric Submersible Pumps Market in Israel: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
TABLE 96: Israeli Electric Submersible Pumps Market Share Analysis by End-Use: 2012 VS 2020 VS 2027
SAUDI ARABIA
TABLE 97: Saudi Arabian Demand for Electric Submersible Pumps in US$ Million by End-Use: 2020 to 2027
TABLE 98: Electric Submersible Pumps Market Review in Saudi Arabia in US$ Million by End-Use: 2012-2019
TABLE 99: Saudi Arabian Electric Submersible Pumps Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027
UNITED ARAB EMIRATES
TABLE 100: Electric Submersible Pumps Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by End-Use for the Period 2020-2027
TABLE 101: United Arab Emirates Electric Submersible Pumps Historic Market Analysis in US$ Million by End-Use: 2012-2019
TABLE 102: Electric Submersible Pumps Market Share Distribution in United Arab Emirates by End-Use: 2012 VS 2020 VS 2027
REST OF MIDDLE EAST
TABLE 103: Electric Submersible Pumps Market in Rest of Middle East: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
TABLE 104: Rest of Middle East Electric Submersible Pumps Market in Retrospect in US$ Million by End-Use: 2012-2019
TABLE 105: Electric Submersible Pumps Market Share Distribution in Rest of Middle East by End-Use: 2012 VS 2020 VS 2027
AFRICA
TABLE 106: African Electric Submersible Pumps Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
TABLE 107: Electric Submersible Pumps Historic Demand Patterns in Africa by End-Use in US$ Million for 2012-2019
TABLE 108: Electric Submersible Pumps Market Share Breakdown in Africa by End-Use: 2012 VS 2020 VS 2027

IV. COMPETITION
Total Companies Profiled: 41
Note: Product cover images may vary from those shown
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