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Electrical Submersible Pump (ESP) Power Cable Market

Electrical Submersible Pump (ESP) Power Cable Market

Electrical Submersible Pump (ESP) Power Cable Market Global Industry Assessment & Forecast

# Pages:

170

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0473

Segments Covered
  • By Type EPDM (Ethylene propylene diene monomer), Polypropylene
  • By Application Onshore, Offshore
Snapshot
Forecast YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 3189 Million
Revenue 2028Revenue 2028: 4343.13 Million
Revenue CAGRRevenue CAGR (2021 - 2028): 3.9
Fastest Growing Region Fastest Growing Region (2022 - 2028) North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

The report delivers an acute breakdown of the market based on various segments such as Type, Application, , and region. All the segments are studied considering historical and future trends across geographies. All the segments are analyzed based on trends, market size, and forecast, and the data is provided for the years 2016–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report.


On the basis of Type, the market is divided into EPDM (Ethylene propylene diene monomer), Polypropylene. EPDM held the largest share in 2020 and is projected to grow at a noteworthy CAGR within the forecast period.


Based on Application, the market is divided into Onshore, Offshore. Onsore attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Global Electrical Submersible Pump (ESP) Power Cable Market: Type Segment Analysis

    • EPDM (Ethylene propylene diene monomer)
    • Polypropylene

Global Electrical Submersible Pump (ESP) Power Cable Market: Application Segment Analysis

    • Onshore
    • Offshore
FAQ
Frequently Asked Question
  • The global Electrical Submersible Pump (ESP) Power Cable valued at 3189 Million in 2020 and is expected to reach 4343.13 Million in 2028 growing at a CAGR of 3.9%.

  • The prominent players in the market are Hitachi Metals, GE Oil and Gas, Halliburton Company, Borets, General Cable Corporation, WTEC Energy, Kerite ESP Cable, Prysmian Group, Schlumberger Limited, Borets Company LLC, Weatherford International..

  • The market is project to grow at a CAGR of 3.9% between 2021 and 2028.

  • The driving factors of the Electrical Submersible Pump (ESP) Power Cable include

    • The increase in demand for polyamide for automotive and industrial applications as PA blends are being utilized widely in the covering of automotive parts is anticipated to augment the growth of the market in the years to come.
    • Polymer modifiers provide a wide range of features, including weather resistance, durability, and strength. These benefits offered are expected to increase growth of the market in the near future.

  • North America was the leading regional segment of the Electrical Submersible Pump (ESP) Power Cable in 2020.