Market Overview:
The global high temperature electric submersible pump market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for oil and gas across the globe. Additionally, the growing demand for thermal recovery and oil sands production are also contributing to the growth of this market. The AC pump segment is expected to dominate the global high temperature electric submersible pump market during the forecast period from 2018 to 2030. This segment is expected to account for a share of more than 60% by 2030.
Product Definition:
A high temperature electric submersible pump is a device that is used to move fluids by sucking them in at the bottom and forcing them out at the top. They are often used in oil fields to extract oil from the ground.
AC Pump:
An AC pump is a mechanical device used to move fluid. It consists of a rotating part called the impeller and a stationary part called the case or housing. The moving fluid creates pressure which drives the impeller, this in turn increases the working pressure of the pump. The most commonly used type of AC pumps are submersible pumps, they can be either fixed or portable depending upon their application and size.
DC Pump:
DC pump is a mechanical device used to move fluid at constant flow. It is widely used in submersible pumps, which are used for moving liquid in a pressure-driven or gravity-fed system. The working principle of DC pump is based on the force generated between the diaphragm and impeller, which creates vacuum between them and then drives the fluid by creating its own pressure.
Application Insights:
The global market is segmented by application into thermal recovery, oil sands production, other and others. The other applications include chemical processing, cement manufacturing and metallurgical processes. Other applications accounted for a significant share in 2016 owing to the increasing demand for HTE pumps from various industries including chemical processing plants and cement manufacturers.
Thermal recovery was the dominant segment in 2016 with over 40% of the total revenue share. Thermal recovery process requires little or no energy as compared to conventional steam-driven turbines which are used widely across this application segment due to their low power consumption requirements coupled with an efficient use of heat energy generated during thermoelectric conversion process carried out using SDPs thus resulting in boosting product demand across this sector over the forecast period thereby driving overall industry growth globally.
Regional Analysis:
North America dominated the global high temperature electric submersible pump market in 2017. The growth can be attributed to the presence of a large number of oil and gas reserves in countries such as Canada, which is one of the major consumers for these pumps. In addition, technological advancements coupled with increasing demand from other end-use industries are expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising investments by foreign players along with government support for developing thermal energy resources such as geothermal and ocean energy resources that would reduce reliance on fossil fuels and enhance environmental sustainability. These factors are also expected to contribute toward increased adoption rates of HTEPDs across various applications in this region during the forecast period.
Growth Factors:
- Increasing demand for energy due to population growth and industrialization
- Rising concerns over climate change and its impact on the environment
- Development of new technologies that improve the efficiency of electric submersible pumps
- Growing investment in renewable energy sources such as solar and wind power
- Regulatory support for the development of high temperature electric submersible pumps
Scope Of The Report
Report Attributes
Report Details
Report Title
High Temperature Electric Submersible Pump Market Research Report
By Type
AC Pump, DC Pump
By Application
Thermal Recovery, Oil Sands Production, Other
By Companies
Schlumberger, Borets Company, General Electric (GE), ABB, Halliburton, Canadian Advanced ESP, Summit ESP, Lishen Pump, Shengli Pump, Borets
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
188
Number of Tables & Figures
132
Customization Available
Yes, the report can be customized as per your need.
Global High Temperature Electric Submersible Pump Market Report Segments:
The global High Temperature Electric Submersible Pump market is segmented on the basis of:
Types
AC Pump, DC Pump
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Thermal Recovery, Oil Sands Production, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Schlumberger
- Borets Company
- General Electric (GE)
- ABB
- Halliburton
- Canadian Advanced ESP
- Summit ESP
- Lishen Pump
- Shengli Pump
- Borets
Highlights of The High Temperature Electric Submersible Pump Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- AC Pump
- DC Pump
- By Application:
- Thermal Recovery
- Oil Sands Production
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Temperature Electric Submersible Pump Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A high temperature electric submersible pump is a type of pump that can operate at temperatures above the boiling point of water. This allows the pump to work in environments that would be too hot or too cold for other types of pumps.
Some of the major players in the high temperature electric submersible pump market are Schlumberger, Borets Company, General Electric (GE), ABB, Halliburton, Canadian Advanced ESP, Summit ESP, Lishen Pump, Shengli Pump, Borets.
The high temperature electric submersible pump market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Temperature Electric Submersible Pump Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Temperature Electric Submersible Pump Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Temperature Electric Submersible Pump Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Temperature Electric Submersible Pump Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Temperature Electric Submersible Pump Market Size & Forecast, 2020-2028
4.5.1 High Temperature Electric Submersible Pump Market Size and Y-o-Y Growth
4.5.2 High Temperature Electric Submersible Pump Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 AC Pump
5.2.2 DC Pump
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Thermal Recovery
6.2.2 Oil Sands Production
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Temperature Electric Submersible Pump Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Temperature Electric Submersible Pump Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 AC Pump
9.6.2 DC Pump
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Thermal Recovery
9.10.2 Oil Sands Production
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 AC Pump
10.6.2 DC Pump
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Thermal Recovery
10.10.2 Oil Sands Production
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 AC Pump
11.6.2 DC Pump
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Thermal Recovery
11.10.2 Oil Sands Production
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 AC Pump
12.6.2 DC Pump
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Thermal Recovery
12.10.2 Oil Sands Production
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 AC Pump
13.6.2 DC Pump
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Thermal Recovery
13.10.2 Oil Sands Production
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Temperature Electric Submersible Pump Market: Competitive Dashboard
14.2 Global High Temperature Electric Submersible Pump Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Schlumberger
14.3.2 Borets Company
14.3.3 General Electric (GE)
14.3.4 ABB
14.3.5 Halliburton
14.3.6 Canadian Advanced ESP
14.3.7 Summit ESP
14.3.8 Lishen Pump
14.3.9 Shengli Pump
14.3.10 Borets
