Robust development of commercial infrastructure along with rapid urbanization will drive the North America electric submersible pump market growth. Growing construction activities across the wastewater and sewage treatment plants will stimulate the deployment of sewage and submersible slurry pumps across the municipalities. Ongoing financial aids toward the development and replacement of existing infrastructure coupled with implementation of new water management guidelines will complement the business landscape.

Get more details on this report - Request Free Sample PDF

Increasing adoption enhanced oil recovery techniques and artificial lift technologies in order to ramp up the production from existing O&G fields will foster the North America electric submersible pump market growth. These units are being installed across both producing and mature fields at certain stage of their life to boost the production flow. Furthermore, increasing discovery of new fields along with the rising deployment across the unconventional fields will positively enhance the business outlook.

Rapid development of building infrastructure along with supporting norms toward construction of efficient water distribution and supply facilities will fuel the business growth. Stringent building efficiency standards and codes coupled with ongoing replacement of conventional units is set to stimulate the product penetration. Increasing need for distributing water across high rise buildings along with requirement of stable water supply in HVAC systems of resorts & hotels will augment the industry outlook.

Prevailing concerns pertaining to water contamination owing to extreme digging of borewells will foster the open well electric submersible pump market growth. These are widely used across public water & drainage, mine dewatering, small-scale and drip & sprinkler irrigation systems. Riisng awareness and use of advanced irrigation technologies along with development and refurbishment of water treatment facilities will enhance the business outlook.

The multistage ESP market is set to grow on account of surging upstream investments supported by the recovering oil & gas prices. The units comprise of a few impellers which can be used to adjust the fluid lifting ability by varying the number of stages. Rising demand from high pressure pumping applications including municipal drainage, food & beverage, large sewage treatment plants and mine dewatering will complement the industry landscape.

U.S. electric submersible pump market is set to grow on account of ongoing development of shale plays and booming hydrocarbon production. Discoveries of new O&G fields across the Permian basin coupled with increasing investments toward offshore fields will positively enhance the industry outlook. Furthermore, rapid growth across the service sector along with ongoing development of high-rise buildings will encourage the product adoption.

Eminent players functioning across the North America ESP market include Borets, Schlumberger, Halliburton, Wilo SE, Weatherford, General Electric, Atlas Copco, Ebara, Sulzer, Crompton Greaves, Grundfos Holding, Novomet-Perm, Flowserve Corporation and Tsurumi Manufacturing. New product development and low-cost manufacturing are the primary growth strategies adopted by the leading companies for maintaining a competitive edge over others. Furthermore, advance technology, product quality and integration of sensors for downhole surveillance are the key factors that are catching customer’s attention.