The global ESP systems market is projected to grow at a CAGR of 5.7% from 2014 to 2019. Although Asia-Pacific holds the largest share of the global market, the African market for ESP systems is expected to grow at the highest CAGR during the forecast period. The rising industrial development and regulations to control industrial emissions are the driving factors for this regional market.
On the global level, the market is driven by the growth in coal- and gas-fired power plants and stringent government regulations. However, emergence of alternate and renewable energy sources may restrain the growth of this market.
This report analyzes the ESP system market by type, application, and geography. The ESP system types included in this report are dry ESP and wet ESP. In terms of geography, the market has been segmented into Asia-Pacific, Europe, Americas, Middle East, and Africa. In order to provide a deeper understanding of the competitive landscape, the report also profiles companies present in the global ESP systems market.
In 2014, the global ESP systems market was dominated by The Babcock & Wilcox Company (U.S.), Mitsubishi Hitachi Power Systems, Ltd. (Japan), Thermax Ltd.
(Japan), Thermax Ltd. (India), Ducon Technologies Inc. (U.S.), Fujian Longking Co., Ltd. (China), Hamon Corporation (U.S.), and Siemens AG (Germany).New product launches, partnerships, agreements, collaborations, and joint ventures are the key strategies adopted by most market players to achieve growth in the global ESP systems market.
Reasons to Buy the Report:
From an insight perspective, this research report focuses on various levels of analysis-market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging- and high-growth segments of the ESP system Market, high-growth regions & countries and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn, will help firms to garner a greater market shares. Firms purchasing the report could use any one or combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market share.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information offered by the top 10 market players
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches
- Market Development: Comprehensive information about lucrative emerging markets
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the ESP system market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading market players
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