Dublin, Jan. 6, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/kzvndm/submersible_pump) has announced the addition of the "Submersible Pump Market by Industry, by Application, and by Geography - Global Trends and Forecasts (2014 - 2019)" report to their offering.
Submersible pumps are devices whose entire assembly is submerged in the fluid to be pumped. They are usually referred to as Electrical Submersible Pumps (ESPs).
These pumps operate by pushing, rather than pulling, water during its pumping process and are featured as single stage or multiple stages. Each stage of a submersible pump consists of a motor in a casing, closed with mechanical seals to prevent leakage. The motor is connected to a cable that generates power to run the motor, and the casing extends to some sort of pipe or hose leading to the surface. Submersible pumps can be connected to different types of pipes, flexible hoses or wires, depending on the job and the liquid being pumped.
Important key components of submersible pump are as follows:
- Abundant resources and deposits of energy and water
- Increase in the demand for energy and water
- Wide range of industry usage
- Recover energy or water locked from underground, eliminating high costs and wastage
- Produces water and oil with significantly reduced environmental impact compared to other technologies
Global demand in the submersible pump is growing with increased requirement for energy and water. The range of applications for these products is increasing in the municipal sector as well as in the industrial sectors of oil and gas, chemicals, power, water, and others. The others include automobile, food, pulp and paper, and textiles.
The report estimates the demand for submersible pumps in terms of value (in $Million). It also discusses the drivers, restraints, and opportunities for the market. The report also tracks the activities of dominant market players and the strategies adopted by them through their contract agreements, new product launches, expansions, mergers and acquisitions, and others which include product developments and technology launch. The major players of submersible pump industry including General Electric (GE) (U.S.), Schlumberger (U.S.), Halliburton (U.S.), and Weatherford International Inc. (Switzerland), enjoy dominant positions in the market.
The increase in urbanization and population and the rise in oil price have put pressure on traditional energy supplies, helping drive the submersible pump market dramatically over the years. The increase in industrialization, lack of alternatives, and maintaining energy and power resources increases the demand for submersible pump.
This study estimates the global market of submersible pump by the end of 2019. This market research also provides a detailed qualitative and quantitative analysis of the global submersible pump market. It provides a comprehensive review of the major market drivers, restraints, opportunities, winning imperatives, and key issues of the market.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Global Submersible Pump Market, By Type
6 Submersible Pump Market, By Industry
7 Global Submersible Pump Market, By Application)
8 Submersible Pump Market, By Geography
9 Competitive Landscape
10 Company Profiles
- Baker Hughes
- Flotek Industries Inc.
- General Electric Company
- Grundfos Group
- Sulzer Ag.
- Weatherford International Inc.
- Weir Group PLC
For more information visit http://www.researchandmarkets.com/research/kzvndm/submersible_pump
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Source:Research and Markets