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Americas Hydraulic Submersible Pumps Market Size (2024 - 2029)

The Americas hydraulic submersible pumps market is poised for growth, driven by increased investments in the oil and gas sector, particularly in the United States. Despite challenges such as economic and political instability in the region, which have delayed some projects and reduced demand, the market is expected to expand. The oil and gas segment, benefiting from government support and rising oil prices, is anticipated to lead in growth, offering significant opportunities for manufacturers. This growth is linked to the development of unconventional resources and upcoming refinery projects, which require advanced hydraulic submersible pumps for complex operations.

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Market Size of Americas Hydraulic Submersible Pumps Industry

Americas Hydraulic Submersible Pumps Market - Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR < 5.52 %
Market Concentration High

Major Players

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*Disclaimer: Major Players sorted in no particular order

Americas Hydraulic Submersible Pumps Market Analysis

The market for America's hydraulic submersible pumps is expected to register a CAGR of approximately 5.52% during the forecast period. The shale market of the United States witnessed around a 53% jump in investment and led the global upstream investment in 2017. It is expected to increase further during the forecast period, which, in turn, is likely to act as a driver for hydraulic submersible pumps across hydraulic fracturing services. The region remained subject to constant economic and political instability, including severe corruption charges, violence between government and Revolutionary Army Forces of Colombia (FARC-EP), socioeconomic and political crisis in Venezuela, amongst others. These conditions resulted in the delay of several announced end-user specific projects, and in turn, resulted in reduced demand for hydraulic submersible pumps.

  • The oil and gas segment dominated the Americas hydraulic submersible pumps market in 2019, and it is expected to witness the highest growth rate in the future, owing to government plans to encourage unconventional resource development and several upcoming brownfield refinery projects and refinery expansion plans in the Americas.
  • With favorable government support and rising oil prices, exploration and production activities are expected to increase. This presents an opportunity for ample growth for hydraulic submersible pump manufacturers, in the coming years, to provide hydraulic submersible pumps capable of operating in high suction areas and complex multiphase production in subsea areas.
  • The oil and gas industry in the United States is providing a huge impetus to the hydraulic submersible pump market, on account of widespread investments in oil and gas projects, in the coming years.

Americas Hydraulic Submersible Pumps Industry Segmentation

The Americas hydraulic submersible pumps market report includes:

End-user Industry
Oil and Gas
Agricultural
Mining
Others (Wastewater, Pulp and Paper, etc.)
Flow Range
Less than 1,000 m-3 hour
More than 1,000 m-3 hour
Geography
North America
South America
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Americas Hydraulic Submersible Pumps Market Size Summary

The Americas hydraulic submersible pumps market is poised for significant growth, driven by the oil and gas sector's expansion and the increasing exploitation of shale reserves. The market is expected to experience a steady growth trajectory, supported by favorable government policies and rising oil prices. The United States, in particular, is witnessing substantial investments in oil and gas projects, which are expected to bolster the demand for hydraulic submersible pumps. These pumps are crucial for wastewater and effluent removal, especially in regions where shale exploitation is prevalent, leading to increased production of wastewater. The market's growth is further supported by upcoming brownfield refinery projects and refinery expansion plans across the Americas, which are anticipated to require advanced pumping solutions.

Despite the promising growth prospects, the market faces challenges due to economic and political instability in certain regions, which has led to project delays and reduced demand for hydraulic submersible pumps. However, the oil and gas segment remains the dominant force in the market, with expectations of continued growth driven by unconventional resource development initiatives. The market is characterized by fragmentation, with key players such as Atlas Copco AB, BAKERCORP, Cornell Pump Company, The Gorman-Rupp Company, and Griffin Dewatering Corporation playing significant roles. These companies are well-positioned to capitalize on the opportunities presented by the increasing need for efficient pumping solutions in high suction areas and complex multiphase production environments.

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Americas Hydraulic Submersible Pumps Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Evolution of Hydraulic Submersible Pump Technology

    3. 1.3 Market Size and Demand Forecast in USD million, till 2025

    4. 1.4 Comparative Cost Analysis of Hydraulic Submersible Pump and Conventional Pump Systems (Oil and gas Industry)

      1. 1.4.1 CAPEX

      2. 1.4.2 OPEX

      3. 1.4.3 Total Life Cycle (Cost for 20 years)

    5. 1.5 Recent Trends and Developments

    6. 1.6 Government Policies and Regulations

    7. 1.7 Market Dynamics

      1. 1.7.1 Drivers

      2. 1.7.2 Restraints

    8. 1.8 Supply Chain Analysis

    9. 1.9 Porter's Five Forces Analysis

      1. 1.9.1 Bargaining Power of Suppliers

      2. 1.9.2 Bargaining Power of Consumers

      3. 1.9.3 Threat of New Entrants

      4. 1.9.4 Threat of Substitutes Products and Services

      5. 1.9.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 End-user Industry

      1. 2.1.1 Oil and Gas

      2. 2.1.2 Agricultural

      3. 2.1.3 Mining

      4. 2.1.4 Others (Wastewater, Pulp and Paper, etc.)

    2. 2.2 Flow Range

      1. 2.2.1 Less than 1,000 m-3 hour

      2. 2.2.2 More than 1,000 m-3 hour

    3. 2.3 Geography

      1. 2.3.1 North America

      2. 2.3.2 South America

Americas Hydraulic Submersible Pumps Market Size FAQs

The Americas Hydraulic Submersible Pumps Market is projected to register a CAGR of less than 5.52% during the forecast period (2024-2029)

Atlas Copco AB, BAKERCORP, Cornell Pump Company, The Gorman-Rupp Company and Griffin Dewatering Corporation are the major companies operating in the Americas Hydraulic Submersible Pumps Market.

Americas Hydraulic Submersible Pumps Report Snapshots

Americas Hydraulic Submersible Pumps Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)