Industry Analysis & Industry Trends
The Electric Submersible Pump Manufacturing industry got sucked under for a bit during the recession, but managed to make its way back out, maintaining positive revenue growth since 2011. As oil exploration continues and transportation levels rise, the need for industry services will continue increasing. However, a threat to the industry looms as more technologies compete with oil use.... purchase to read more
Industry Report - Industry Analysis Chapter
About 15 to 20 percent of almost one million wells worldwide are pumped with some form of artificial lift employing electric submersible pumps (ESPs). Found in operating environments all over the world, ESPs are versatile and have been deployed in vertical, deviated and horizontal wells. In addition, ESP systems are the fastest growing form of artificial-lift pumping technology. They are often considered high-volume and depth champions among oil-field lift systems.
The popularity and versatility of ESPs are expected to increase industry revenue at an annualized rate of 4.6% during the five years to 2013... purchase to read more