Feb 12, 2020   SOURCE: BusinessWire

Electric Submersible Pump Market 2020-2024 | Surging Demand in Agricultural Industry to Boost Growth | Technavio

Technavio has been monitoring the electric submersible pump market and it is poised to grow by USD 1.36 billion during 2020-2024, progressing at a CAGR of 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled global electric submersible pump market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled global electric submersible pump market 2020-2024 (Graphic: Business Wire)

Surging demand in agricultural industry has been instrumental in driving the growth of the market. However, low operational life of ESPs might hamper market growth. Request a free sample report

Electric Submersible Pump Market 2020-2024: Segmentation

Electric Submersible Pump Market is segmented as below:

Application

  • Offshore
  • Onshore

Geographic segmentation

  • North America
  • APAC
  • Europe
  • South America
  • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40042

Electric Submersible Pump Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our electric submersible pump market report covers the following areas:

  • Electric Submersible Pump Market Size
  • Electric Submersible Pump Market Trends
  • Electric Submersible Pump Market Industry Analysis

This study identifies an increasing use of rig-less ESPs as one of the prime reasons driving the electric submersible pump market growth during the next few years.

Electric Submersible Pump Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the electric submersible pump market, including some of the vendors such as Baker Hughes, a GE Co. LLC, DOS CANADA INC., EBARA Corp., Flowserve Corp., Grundfos Holding AS, Halliburton Co., KSB SE & Co. KGaA, Schlumberger Ltd., SPX FLOW Inc. and Sulzer Ltd. Backed with competitive intelligence and benchmarking, our research reports on the electric submersible pump market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Electric Submersible Pump Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist electric submersible pump market growth during the next five years
  • Estimation of the electric submersible pump market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the electric submersible pump market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of electric submersible pump market vendors

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.