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 Products Chapter
Low-temperature pumps are the most common type of electric submersible pump (ESP) manufactured by this industry. This group encompasses pumps not specifically designed for the high temperatures of deep and offshore oil wells. These economical and efficient pumps are used to reduce the pressure at the bottom of an oil well, which allows a higher level of oil production from the well.
High-temperature ESPs are designed to operate in the deepest oil wells, which are typically offshore wells. These ESPs are typically just more robust versions of their low-temperature counterpart. However, this allows them to work in temperatures up to 300 degrees Fahrenheit... purchase to read more