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Electric Submersible Pump Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Electric Submersible Pump Manufacturing Market Research Report | Industrial Machinery, Gas & Chemicals | General Purpose Machinery Manufacturing | Jan 2013

Pumped up: Continued oil exploration will maintain revenue growth for the industry

IBISWorld’s Electric Submersible Pump Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Baker Hughes Baker Hughes  market share
Flowserve Corporation Flowserve Corporation  market share
ITT Corporation ITT Corporation  market share
Schlumberger Ltd. Schlumberger Ltd. market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 08-13
4.6%
Annual Growth 13-18
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Profit
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Employment
5,215
Businesses
80
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

 


Industry ProductsRelated ReportsTable of Contents

What is the Electric Submersible Pump Manufacturing Industry?

This industry manufactures electric submersible pumps (ESPs) for oil and gas well drilling. Firms also provide monitoring systems, equipment engineering and other services that complement ESP systems.

Industry Products
Low-temperature pumpsHigh-temperature pumpsComplementary services
 
Industry Activities
Manufacturing electric submersible pumpsProviding oil well monitoring servicesPump installation


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