New Offshore Oilfield Discoveries to Sustain Demand for Electrical Submersible Pump Cables : Transparency Market Research
Electrical Submersible Pump Cables Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2014 – 2023
This research study analyzes the market for electrical submersible pump Cables in terms of volume (Thousand Meters) and revenue (USD Million). The ESP cables market has been segmented on the basis of application, technology and geography. The regional segment has been further divided into 17 sub-segments that comprise 12 countries which are major players in the global ESP cables market. For the research, 2014 has been taken as the base year while all forecasts have been given for the 2014–2023 period. Market data for all the segments has been provided at the regional as well as country-specific level for the 2014–2023 period. The report provides a broad competitive analysis of companies engaged in the ESP cable business. The report also includes the key market dynamics such as drivers, restraints, and opportunities affecting the global ESP cables market. These market dynamics were analyzed in detail and are illustrated in the report with the help of supporting graphs and tables. The report also provides a comprehensive industry analysis of the global ESP cables market with the help of Porter’s Five Forces model. This analysis helps in understanding the five major forces that affect the market structure and profitability of the global ESP cables market. The forces analyzed are the bargaining power of buyers, bargaining power of suppliers, threat from new entrants, threat from substitutes, and degree of competition.
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The high-level analysis in the report provides detailed insights into the ESP cables business globally. There are currently numerous drivers for the ESP cables market. One of the most prominent drivers is increasing depth of downhole oil and gas wells. Apart from this, increasing production from mature oilfields and unconventional resources is expected to increase the demand of ESP and ESP cables in the near future. Market attractiveness analysis was carried out for the ESP cables market on the basis of geography. Market attractiveness was estimated on the basis of common parameters that directly impact the market in different regions.
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The ESP cables market was further segmented on the basis of application and technology. The configuration of ESP cables is different for both onshore and offshore oilfields, depending on the surface and sub-surface components. In onshore oilfields, the cost of surface equipment would be less as compared to that in offshore fields as the system is mounted with additional protective components in offshore fields. The installation of ESP cable in onshore would be low cost and easier due to less adverse conditions unlike in offshore fields. The ESP cable market was analyzed across five geographies: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America. Regional data has been provided for each sub-segment of the ESP cable market. Key market participants in the ESP cable market include Prysmian Group, Baker Hughes Incorporated, Halliburton Company, Schlumberger Limited, Weatherford International, and Borets Company, LLC. The report provides an overview of these companies, followed by their financial details, business strategies, and recent developments.
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ESP Cables Market: By Application
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