Overview

Pumped up: After brief decline, rebounding oil prices will improve downstream demand

IBISWorld’s Electric Submersible Pump Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Industry sales will grow in line with US rig counts as rising crude prices spur ongoing production efforts
  • Imports remain higher than exports and have satisfied a growing share of domestic demand
  • ESP exports are expected to grow over the next five years and boost industry gains

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    Industry Analysis & Industry Trends

    The Electric Submersible Pump Manufacturing industry benefits from near-constant demand for oil and gas, and experienced steady growth in the past five years. However, revenue is expected to briefly decline in 2015 due to low oil prices. The global price of oil has lost nearly half its value since late 2014 due to oversupply, leading drilling firms to curtail production and, in turn, reduce their demand for industry products. Nevertheless, oil prices are expected to rebound in the five years to 2020, and the industry will consequently resume its growth over the period. The largest four companies will continue to control a majority of the market, reaping high profits and investing in ongoing technological innovation...

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    Industry Report - Industry Locations Chapter

    In general, establishments in the Electric Submersible Pump Manufacturing industry try to set up shop near downstream manufacturing industries. This strategy helps reduce the time between order placement and order fulfillment. It also encourages downstream producers to form long-term supply contracts that ensure a steady flow of pumps for their subsequent operations. As such, industry activity is concentrated in the Southeast, Southwest and Great Lakes regions of the United States.

    Southeast and Southwest

    The Southeast and Southwest regions hold the largest percentages of industry establishments, with 20.6% and 23.0% respectively, due to the concentration of oil producers in those regions. At 15.1% o..

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    Additional Insights for the Electric Submersible Pump Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Electric Submersible Pump Manufacturing Industry are

  • Use of high volume/low margin strategy
  • Effective quality control
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Demand from oil and gas extraction and World price of crude oil in the Electric Submersible Pump Manufacturing industry impact industry performance..

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    Industry Products

    What is the Electric Submersible Pump Manufacturing Industry?

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

    Industry Products
    Low-temperature pumps
    High-temperature pumps
    Complementary services
    Industry Activities
    Manufacturing electric submersible pumps
    Providing oil well monitoring services
    Pump installation

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from oil and gas extraction
  • World price of crude oil
  • Trade-weighted index
  • World price of steel

  • Current Performance
  • Oil markets
  • The significance of trade
  • Industry profit and structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Strong demand
  • Trade movements
  • Industry profit and structure
  • Table: Electric Submersible Pump Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Electric Submersible Pump Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Mining
  • Oil Drilling & Gas Extraction

  • Key Selling Industries
  • Electrical Equipment Manufacturing
  • Iron & Steel Manufacturing
  • Nonferrous Metal Foundry Products Manufacturing

  • Products & Services
  • Low-temperature pumps
  • High-temperature pumps
  • Complementary services
  • Chart: Electric Submersible Pump Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Oil and gas extractors
  • Other Industries
  • Chemical industry
  • Exports
  • Chart: Major Market Segmentation for the Electric Submersible Pump Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciation, marketing, rent and utilitiesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Electric Submersible Pump Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Electric Submersible Pump Manufacturing Industry

  • Industry Globalization
    Major Companies
    Schlumberger LimitedBaker Hughes Inc.ITT Corporation Flowserve Corporation
  • Table: Schlumberger Limited - financial performance
  • Table: Baker Hughes Inc. - financial performance
  • Table: ITT Corporation - financial performance
  • Table: Flowserve Corporation - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Electric Submersible Pump Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Electric Submersible Pump Manufacturing Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Oil and natural gas price index (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Downhole
  • A reference to the placement of pumps and other equipment in the hole created by drilling.
  • Oil Well
  • Any boring through the Earth's surface that is designed to find and acquire petroleum oil hydrocarbons.
  • Predictive Diagnostics
  • Computerized controls that monitor pump and compressor demand to scale back or increase power to a specific unit based on real-time data.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Electric Submersible Pump Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Electric Submersible Pump Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Electric Submersible Pump Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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