"Actionable Insights to Fuel Your Growth"

Electric Submersible Pump Cable Market Size, Share and Global Trend By Insulation Type (Polypropylene, Ethylene Propylene Diene Monomer), By Cable Type (Flat Submersible Cable, Round Submersible Cable, Motor Lead Extension Submersible Cable), and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI100731 | Status : Ongoing

 

KEY MARKET INSIGHTS

The evolution in human being’s life is only possible through the industrial revolution. Since the last couple of decades, the world has been introduced to the varied invention to ease mankind life. An electric submersible pump (ESP) is one such invention which helps to pump liquid from deep well to the surface, so it is essential that they operate safely and effectively for extended service life in the harshest environment. The cable is a key component to transmit power and sensors output to and from the surface in ESP installation.

It should be desirable that the cable should withstand mechanical abrasion, corrosion, high pressure, and temperature. Also, cables should be available in varied cross-sections and configuration for easy installation and retrieval of cable. In a number of applications, ESP cables are utilized such as irrigation, drinking water supply, mine dewatering, offshore drilling rigs, sewage treatment plants, swimming pools, and many others. In industrial application, an electric submersible pump is being used in which ESP cable is important element paving the way for augmentation of ESP cable market growth.

To gain extensive insights into the market, Request for Customization


Electric submersible pump (ESP) cable is classified on the basis of insulation type and cable type. Insulation is further divided into polypropylene (PP) and ethylene propylene diene monomer (EPDM). Temperature rating of polypropylene is around 96 °C and can be increased with the addition of an extruded protective layer of lead. While ethylene propylene diene monomer is most suitable downhole oil well services because of its excessive swell characteristics.

Operators intensively investing in deepwater oil and gas production in order to meet increasing hydrocarbon demand which is driving the ESP cable market. Apart from this the development in commercial, residential, and industrial sectors along with enormous demand for an electric submersible pump in agriculture, offshore activities, sewage water treatment, mine dewatering and other is anticipating the growth of the ESP cable market.

Sucker rod lift and gas lift are few alternative technologies available in oil & gas sector which holds a significant presence owing to its well-established technology offering flexibility to handle changing production volumes is restraining the growth of the ESP cable market.

Key Players Covered


The leading manufacturers of electric submersible pump cable are Prysmian Group, Schlumberger, CRI Cables, Havells, V-Guard, Hitachi Metals, Weatherford International, General Cable, Marmon Utility, Borets, and KEI Industries.

SEGMENTATION






















SEGMENTATION


 DETAILS


By Insulation Type


· Polypropylene

· Ethylene Propylene Diene Monomer


By Cable Type


· Flat Submersible Cable

· Round Submersible Cable

· Motor Lead Extension Submersible Cable


By Geography


· North America (USA and Canada)

· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

· Latin America (Brazil, Mexico and Rest of Latin America)

· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)


 

Regional Analysis


The global electric submersible cable market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America has seen a rise in offshore activities for a decade and focuses on increasing offshore production. The USA and Canada are playing a major role in offshore oil and gas production in North America. Number of ESP are deployed for pumping of oil from deep well to surface. Electric submersible pumps are commonly used in agriculture, residential, marine and in extreme weather condition for dewatering purpose which anticipating the development of ESP cable market. European countries are expected to increase their offshore production to meet increasing energy demand which driving the ESP cable market. Asia Pacific is going to lead the ESP cable in the forthcoming year owing to high economic potential. Major economies like China, India, along with Japan, Singapore have enormous infrastructure potential along with a focus on increasing offshore production are driving the ESP cable market in the Asia Pacific. MEA is probably the leading in hydrocarbon production but in recent time they are focussing on offshore production in order to meet the increasing demand for hydrocarbon. Apart from this country are immensely investing in the drinking water project, sewage water treatment, and agriculture are expected to increase deployment of submersible pump is driving the growth of the ESP cables in MEA.

Key Industry Developments



  • In April 2018, Prysmian pleased to announce the high tech solution for ESP application by introducing high tech cable solution at Offshore Technology Conference 2018.
  • In March 2018, Southern Procurement Services (SPS) have been successfully completed first ESP system installation in two wells located in Urdaneta field of Latin America.




  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Energy & Power Clients

Fujifilm
UL
Schlumberger
Hitachi
Sumitomo

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X