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.
Industry Statistics & Market Size
Annual Growth 08-13
Annual Growth 13-18
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 - Starting a New Business Chapter
Given the industry's low-margin/high-volume strategy, competition usually manifests itself in terms of price. The ability to produce high quantities of goods for sale at prices just above manufacturing costs represents a major area of leverage that one firm can exert over another. Also, while the industry has a high level of market share concentration, new firms are able to compete on a local or regional basis. Given the industry's medium level of globalization and the fact that all major players realize more than half of their revenue overseas, the capital required to penetrate foreign markets can be prohibitively high for all but the most capital-intensive entrants... purchase to read more
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.
Low-temperature pumpsHigh-temperature pumpsComplementary services
Manufacturing electric submersible pumpsProviding oil well monitoring servicesPump installation