Dec 1, 2020   SOURCE: PR NewsWire

$4.6 Billion Worldwide Electric Submersible Cables Industry to 2027 - Impact of COVID-19 on the Market

DUBLIN, Dec. 1, 2020 /PRNewswire/ -- The "Electric Submersible Cables - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

The publisher brings years of research experience to the 9th edition of this report. The 291-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Electric Submersible Cables Market to Reach $5.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Electric Submersible Cables estimated at US$4.6 Billion in the year 2020, is projected to reach a revised size of US$5.9 Billion by 2027, growing at a CAGR of 3.5% over the period 2020-2027.

ESP Flat Power Cable, one of the segments analyzed in the report, is projected to record 3.7% CAGR and reach US$3.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the ESP Round Power Cable segment is readjusted to a revised 3.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 6.3% CAGR

The Electric Submersible Cables market in the U.S. is estimated at US$1.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2027 trailing a CAGR of 6.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.

Competitors identified in this market include, among others:

    --  Baker Hughes, Inc.
    --  Borets Company LLC
    --  Halliburton
    --  Havells India Ltd.
    --  Jainson Cables India pvt. ltd
    --  Nexans SA
    --  Prysmian Group
    --  Schlumberger Ltd.
    --  Siemens AG
    --  Southwire Company LLC
    --  Superstar Cable Industries
    --  The Kerite Company
    --  V-Guard Industries Ltd.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

    --  Global Competitor Market Shares
    --  Electric Submersible Cables Competitor Market Share Scenario Worldwide
        (in %): 2019 & 2025
    --  Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

    --  Total Companies Profiled: 54

For more information about this report visit https://www.researchandmarkets.com/r/5w3ikz

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/4-6-billion-worldwide-electric-submersible-cables-industry-to-2027---impact-of-covid-19-on-the-market-301182516.html

SOURCE Research and Markets