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Global Electrical Submersible Pump (ESP) Cables Market Growth 2023-2029
Product Code:699609
Published Date: Jan 08,2023
Pages: 106
Region: Global
Category: Chemical & Material
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Electric submersible cables, commonly known as electrical submersible pump cables or ESP cables, are specially designed cables that provide power to submersible pumps used for artificial lift of oil and gas resources, offshore drilling rigs, irrigation, mine dewatering, drinking water supply, sewage treatment plants, industries, fountains, seawater filtration plants, swimming pools, and aquariums. In the oil & gas industry, electric submersible cables are especially designed to withstand high temperature and abrasive environment of the downhole well, wherein the electric submersible pump is installed. These cables provide power to electrical submersible pumps from the surface power source for pumping crude oil from the hydrocarbon reservoir to the well surface. The reliability of the undisrupted electrical power supply to an electrical submersible pump system in an oil well depends on the performance of the power feed through the equipment utilized for power transfers such as power cable, pig tail connectors, and motor lead cables. Electric submersible cables can be manufactured in either flat or round cross-section. The choice between the two is typically based on space between production tubing and well casing. Selection of high quality electric submersible cables is of utmost importance, as when electric submersible cables fail, maintenance costs rise and production revenue plummets.
LPI (LP Information)' newest research report, the “Electrical Submersible Pump (ESP) Cables Industry Forecast” looks at past sales and reviews total world Electrical Submersible Pump (ESP) Cables sales in 2022, providing a comprehensive analysis by region and market sector of projected Electrical Submersible Pump (ESP) Cables sales for 2023 through 2029. With Electrical Submersible Pump (ESP) Cables sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electrical Submersible Pump (ESP) Cables industry.
This Insight Report provides a comprehensive analysis of the global Electrical Submersible Pump (ESP) Cables landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electrical Submersible Pump (ESP) Cables portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electrical Submersible Pump (ESP) Cables market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electrical Submersible Pump (ESP) Cables and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electrical Submersible Pump (ESP) Cables.
The global Electrical Submersible Pump (ESP) Cables market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.
United States market for Electrical Submersible Pump (ESP) Cables is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
China market for Electrical Submersible Pump (ESP) Cables is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Europe market for Electrical Submersible Pump (ESP) Cables is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Global key Electrical Submersible Pump (ESP) Cables players cover Prysmian Group, Eland Cables, Schlumberger, Halliburton, Marmon Utility, Nexans, Paige PumpWire, Borets and PT. Wanda JEMBO CABLE, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.
This report presents a comprehensive overview, market shares, and growth opportunities of Electrical Submersible Pump (ESP) Cables market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
EPDM Insulation
Polypropylene Insulation
Segmentation by application
Onshore
Offshore
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Prysmian Group
Eland Cables
Schlumberger
Halliburton
Marmon Utility
Nexans
Paige PumpWire
Borets
PT. Wanda JEMBO CABLE
Gulf Cable
Havells
Belltronic
Hebei Huatong Wires and Cables
Key Questions Addressed in this Report
What is the 10-year outlook for the global Electrical Submersible Pump (ESP) Cables market?
What factors are driving Electrical Submersible Pump (ESP) Cables market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Electrical Submersible Pump (ESP) Cables market opportunities vary by end market size?
How does Electrical Submersible Pump (ESP) Cables break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?