Electric submersible pump (ESP) or
sub pump is a device having hermetically sealed motor that is coupled to the
pump body. The entire system is submerged into the fluid to be pumped.
Submersible pumps are more efficient than jet pumps as they push fluid to the
surface whereas jet pump pulls the fluid. Moreover these pumps prevent pump
cavitation that is cause by high elevation difference between pump and the
fluid surface.
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The electric submersible pump
systems are one of the most effective artificial lift methods of pumping
fluids to the surface. They are widely used in the oil and gas industry due to
its higher efficiency, low maintenance and low space requirements. ESP are
used to take out products from wells with low bottom hole pressure
effectively. They are high volume and depth champions among other oil field
lift systems. On the other hand these systems needs vey high voltage and
electric supply and as they produce highly viscous oils moreover the ESP
systems are less flexible and can’t be operated at variable speed. The growing
oil & gas industry is driving the market for ESP systems and has several
opportunities for the market in future.
The major application of ESP is
segmented in two types including onshore water flood operations and all the
other subsea productions where large volume of fluids has to be lifted. The
ESP pumps are found in many applications that can be categorized in two type
single stage pumps and multiple stage pumps. The single stage pumps are used
for drainage, industrial pumping and sewage pumping and multiple stage
submersible are typically borehole that is used for residential, commercial
and industrial water extraction and in oil wells.
Some of the market players of this
market are Falcon Pumps Pvt. Ltd., Grundfos Pumps Corporation, and Walrus
America Inc. amongst other manufacturers.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for
upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point
analysis for changing competitive dynamics
- It provides a forward looking perspective
on different factors driving or restraining market growth
- It provides a technological
growth map over time to understand the industry growth rate
- It provides a seven-year
forecast assessed on the basis of how the market is predicted to
grow
- It helps in understanding the
key product segments and their future
- It provides pin point analysis
of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed
business decisions by having complete insights of market and by making
in-depth analysis of market segments
- It provides distinctive
graphics and exemplified SWOT analysis of major market segments
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