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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 - Starting a New Business Chapter

Competition

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

 


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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