Submersible Pumps 2018 Market Size, Share and Emerging Technologies, Competitive Analysis | Leading Key Players Update, Industry Growth Rate and Segmentation by Forecast to 2023

Market Insights:-

he major factors driving the submersible pumps are the increasing demand for energy, and growing residential and non-residential construction activities in the region. Additionally, various government legislations and policies that aim at protecting the environment also provide further boost to the growth of the market. The U.S. is a major market contributor in global and North America submersible pumps market.

Electric Submersible Pumps market is forecasted to demonstrate a quadrupled growth by 2027, crossing its previous growth records in terms of value posting a whooping CAGR during the estimated period (2017 – 2027).  The Global Electric Submersible Pumps market is forecasted to perceive substantial growth accruals by 2027, registering substantial expansion rate during the period 2018 to 2027.

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Electric Submersible Pumps Market   - Competitive Analysis:-

DIVERGENT Energy Services Corp. (Canada) provider of an array of Electromagnetic Pumps, Electric Submersible Pumps, and Electric Submersible Progressing Cavity Pumps states that they continue to make progress with the Linear Pump technology with their overseas partner.  The exclusivity agreement provides these key players with the rights to deploy the technology. The commercialization of their Linear Pump is complementary to their existing electric submersible pump (“ESP”) business, and will provide oil and gas companies the opportunity to capitalize on the Linear Pump’s many benefits while differentiating Divergent within a competitive and growing market.

Electric Submersible Pumps Market   - Segments

Based on operation, the market has been segmented into single stage, and multi-stage. In 2017, Multi stage submersible pump segment dominates the operation segment of the market. Multi-stage pumps refer to the different stages of pumping in the process of pushing liquid, typically water, through their components. Manufactured in material variants of cast iron, bronze, aluminum bronze or stainless steel, they are common across applications where liquids need to be transported with high pressure. They accomplish this with the use of multiple impellers or stages in the body of the pump. They use numerous impellers to provide an increase in flow or fluid pressure. Single stage submersible pumps segments is expected to contribute significantly over the forecast period.

Indusrty Top Key Players:-

Some of the Top key players of the global submersible pumps market are Grundfos Group (Denmark), Ebara Corporation (Japan), Flowserve Corporation (U.S.), and Tsurumi Manufacturing Co., Ltd (Japan). Gorman-Rupp Company (U.S.), Xylem, Inc. (U.S.), Sulzer AG (Switzerland), KSB Group (Germany), General Electric Company (U.S.), WILO SE (Germany), The Weir Group Plc (Scotland), Walrus Pump Co., Ltd. (Taiwan), Atlas Copco AB (Sweden), and Kirloskar Brothers Limited (India) are among others.

Industry/ Innovation/ Related News

October 30, 2017 – DIVERGENT Energy Services Corp. (Canada) announced that it has been awarded a three-year preferred service contract to supply electric submersible pumps (ESP) and services. DIVERGENT, through its wholly owned US subsidiary Extreme Pump Solutions, LLC and Carbon Creek Energy, LLC have entered into an exclusive preferred product and services agreement where Extreme will provide electric submersible pumps and services for a period of three years in Carbon Creek’s Coal Bed Methane project in the Powder River Basin.  Carbon Creek is a leader in coal-bed natural gas production with 6,800 natural gas wells, and the agreement will provide Extreme with a strong and sustainable base of revenue with an incentive that increases profitability as pump performance improves.

October 30, 2017 – Borets Seven Seas & Co, Dubai, announced that they are expanding in Oman by opening a $7.5m pump factory in Oman’s Sohar Industrial Estate on 29 October, 2017. The facility will assemble and service ESPs, which provide an efficient and reliable artificial-lift method for extracting moderate to high volumes of fluids from wellbores, for use in oil and water wells. Petroleum Development Oman (PDO) has announced that it has received the first Oman-made electric submersible pump (ESP) system for its oil operations from Borets factory in Sohar.

November 20, 2017 - Los Alamos National Laboratory, operated by Los Alamos National Security, LLC (USA), won eight awards for technologies/ R&D at R&D Magazine's annual ceremony in Orlando, Florida. One of among 8 awards is for “High-Temperature Electric Submersible Pump Motor (HT-ESP)”: Keeping pump motors cool in deeper, extremely hot environments. These diverse inventions include applications for clean energy technology and several of these technologies, developed through partnerships, are already available to the public.

Major Points of TOC:-

List Of Tables

Table 1 Global Submersible Pumps Market: By Region, 2018 -2023

Table 2 North America Submersible Pumps Market: By Country, 2018 -2023

Table 3 Europe Submersible Pumps Market: By Country, 2018 -2023

Table 4 Asia-Pacific Submersible Pumps Market: By Country, 2018 -2023

Table 5 RoW Submersible Pumps Market: By Country, 2018 -2023

Table 6 Global Submersible Pumps Market, By Well Type, By Regions, 2018 -2023

Table 7 North America Submersible Pumps Market, By Well Type, By Country, 2018 -2023

Table 8 Europe Submersible Pumps Market, By Resin Type, By Country, 2018 -2023

Table 9 Asia-Pacific Submersible Pumps Market By Well Type, By Country, 2018 -2023

Table 10 RoW Submersible Pumps Market By Well Type, By Country, 2018 -2023

To be continued........

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Electric Submersible Pumps Market  – Regional Analysis

North America is another major region for the submersible pumps market. The major factors driving the submersible pumps are the increasing demand for energy, and growing residential and non-residential construction activities in the region. Additionally, various government legislations and policies that aim at protecting the environment also provide further boost to the growth of the market. The U.S. is a major market contributor in global and North America submersible pumps market.