New Offshore Oilfield Discoveries to Sustain Demand for Electrical Submersible Pump Cables: Transparency Market Research

Albany – NY, Oct. 20, 2015 (GLOBE NEWSWIRE) — Transparency Market Research has released a new market report titled Electrical Submersible Pump Cables Market  – Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2014 – 2023. According to this report, the global ESP cables market revenue stood at USD 3,001 million in 2014 and is expected to reach USD 4,479 million by 2023 at a CAGR of 4.7% from 2014 to 2023.

Browse the full report at http://www.transparencymarketresearch.com/electrical-submersible-pump-cables-market.html                                                                       

Electrical submersible pump cables are three-phase cables, which transmit the surface power to the pump motor and are specially designed to perform under downhole well environment. ESP cables differ according to the well specifications and geographies. These are economically-designed cables for oil and water wells that can handle high temperature and rigorous chemical environment. ESP cables are primarily composed of a conductor, an insulator, an armor and a jacket. The cable used for such applications should be reliable and durable as the installation location and harsh environment can be physically restrictive. The performance of ESP cables depends on the conductor type and insulator used in the cable.

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 cables 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 cables in onshore fields would be relatively low cost and easier due to less adverse conditions unlike in offshore fields. Onshore ESP cables accounted for 69.88% share of the global ESP cables market in 2014. EPDM and Polypropylene are the types of ESP cables. EPDM cables accounted for 57.27% share of the global ESP cables market, whereas polypropylene and others held 34.69% and 8.03% share, respectively, in 2014.                

Get Sample Research Report:
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7036                                                                       

In the future, demand for ESP cables is expected to rise gradually as a result of growth in new oilfield discoveries in offshore areas of South America and Africa and increasing number of mature fields globally.

The global market for ESP cables has been segmented as follows:

ESP Cables Market: By Application

  • Onshore
  • Offshore

ESP Cables Market: By Types

  • EPDM (Ethylene propylene diene monomer)
  • Polypropylene
  • Others

ESP Cables Market: By Region

North America

  • U.S.
  • Canada
  • Rest of North America

Asia Pacific

  • China
  • Indonesia
  • Rest of Asia Pacific

Europe

  • Russia
  • Norway
  • Kazakhstan
  • Rest of Europe

Middle East & Africa

  • Saudi Arabia
  • United Arab Emirates
  • Nigeria
  • Rest of Middle East & Africa

South & Central America

  • Venezuela
  • Brazil
  • Rest of South & Central America    

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

CONTACT: Mr. Nachiket Ghumare
         
         State Tower,
         90 State Street,
         Suite 700,
         Albany NY - 12207
         United States
         Tel: +1-518-618-1030
         USA - Canada Toll Free: 866-552-3453
         Email: sales@transparencymarketresearch.com 
         Website: http://www.transparencymarketresearch.com
         Blog: http://www.tmrblog.com/