Electric Submersible Cables Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

Apr 2018| TMR539A| Transparency

Report Highlights

Electric Submersible Cables Market – Overview

Electric submersible cables are used to provide power from surface power sources to the downhole electrical submersible pumps. These pumps are mainly used in the artificial lift of oil and gas resources, offshore drilling rigs, irrigation, mine dewatering, drinking water supply, sewage treatment plants, industries, fountains, sea water filtration plants, swimming pools, and aquariums. These cables are generally manufactured in flat and round cross-sections, and the selection of the type of cable depends upon the available clearance through which theses cables have to pass. The selection of a quality electric submersible cables is very important, as they can affect the operation and can lead to increase in maintenance costs and downtime of the equipment.

Increase in number of electrical submersible pumps across major end-user industries such as oil & gas, agriculture, water & wastewater, etc. is expected to drive demand for electric submersible cables, as the demand for these cables is directly proportional to demand for electrical submersible pumps. Moreover, increasing depth of oil wells is also projected to drive the market in the near future. However, preference of gas lift method over of electrical submersible pump systems for shale gas production is likely to be a major restraint for the market. The world is moving toward unconventional sources of energy such as shale gas. Limited deployability of electrical submersible pump systems in shale gas is anticipated be a significant restraint for the market.

This report analyzes and forecasts the market for electric submersible cables at the global and regional level. The market has been forecast based on revenue (US$ Mn) from 2018 to 2026, considering 2017 as the base year. The study includes drivers and restraints of the global electric submersible cables market. It also covers impact of these drivers and restraints on demand for electric submersible cables during the forecast period. The report also highlights opportunities in the electric submersible cables market at the global and regional level.

The report includes detailed value chain analysis, which provides a comprehensive view of the global electric submersible cables market. Porter’s Five Forces model for the electric submersible cables market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, where in ESP cable type, insulation, and end-user industry are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global electric submersible cables market by segmenting it in terms of ESP cable type, insulation, and end-user industry. In terms of ESP cable type, the electric submersible cable market can be classified into ESP flat power cable and ESP round power cable. Based on insulation, the electric submersible cables market can be categorized into polypropylene and ethylene propylene diene monomer (EPDM). In terms of end-user industry, the market can be segmented into oil & gas, agriculture, mining, construction, and others. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for electric submersible cables in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides the actual market size of electric submersible cables for 2017 and estimated market size for 2018 with forecast for the next eight years. The global market for electric submersible cables has been provided in terms of revenue. Market revenue has been defined in US$ Million. Market numbers have been estimated based on ESP cable type, insulation, and end-user industry of electric submersible cables. Market size have been provided in terms of global, regional, and country level markets.

The report comprises profiles of major companies operating in the global electric submersible cables market. Key players in the electric submersible cables market are Baker Hughes, Schlumberger Limited, Prysmian Group, Nexans, Siemens AG, Borets, Halliburton, The Kerite Company, Havells, Jainson Cables, V-GUARD INDUSTRIES LTD., Superstar Cables, Southwire Company, LLC, and Alkhoorayef Petroleum. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, regional presence, and recent developments.

The global electric submersible cables market has been segmented as follows:

Electric Submersible Cables Market, by ESP Cable Type
ESP Flat Power Cable
ESP Round Power Cable

Electric Submersible Cables Market, by Insulation
Polypropylene
Ethylene Propylene Diene Monomer (EPDM)

Electric Submersible Cables Market, by End-user Industry
Oil & Gas
Agriculture
Mining
Construction
Others

Electric Submersible Cables Market, by Region
North America
U.S.
Canada
Europe
Germany
U.K.
Russia & CIS
Norway
Rest of Europe
Asia Pacific
China
India
Australia
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Mexico
Venezuela
Rest of Latin America
Middle East & Africa (MEA)
GCC
South Africa
Nigeria
Rest of Middle East & Africa

Key Takeaways

The ESP flat power cable segment accounts for a prominent share due high demand for the cables from end-user industries
Analysis and benchmarking of electric submersible cable pricing across all the regions
Recovering crude oil prices and maturing oil wells and depleting oil reservoirs along with increasing demand for electrical submersible pumps are expected to drive the electric submersible cables market in the near future
In terms of end-user, the oil & gas industry segment is anticipated to expand at a significant rate during the forecast period
EPDM is the major insulation segment for electric submersible cables
Europe is anticipated to dominate the market during the forecast period
The market in Middle East & Africa is expected to expand at a significant rate during the forecast period among all the regions

  • Table 1 : Global Electric Submersible Cables Market Value (US$ Mn) Forecast, by ESP Cable Type, 2017–2026
  • Table 2 : Global Electric Submersible Cables Market Value (US$ Mn) Forecast, by Insulation, 2017–2026
  • Table 3 : Global Electric Submersible Cables Market Value (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 4 : Global Electric Submersible Cables Market Value (US$ Mn) Forecast, by Region, 2017–2026
  • Table 5 : North America Electric Submersible Cables Market Value (US$ Mn) Forecast, by ESP Cable Type, 2017–2026
  • Table 6 : North America Electric Submersible Cables Market Value (US$ Mn) Forecast, by Insulation, 2017–2026
  • Table 7 : North America Electric Submersible Cables Market Value (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 8 : North America Electric Submersible Cables Market Revenue (US$ Mn) Forecast, by Country, 2017–2026
  • Table 9 : U.S. Electric Submersible Cables Market Value (US$ Mn) Forecast, by ESP Cable Type, 2017–2026
  • Table 10 : U.S. Electric Submersible Cables Market Value (US$ Mn) Forecast, by Insulation, 2017–2026
  • Table 11 : U.S. Electric Submersible Cables Market Value (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 12 : Canada Electric Submersible Cables Market Value (US$ Mn) Forecast, by ESP Cable Type, 2017–2026
  • Table 13 : Canada Electric Submersible Cables Market Value (US$ Mn) Forecast, by Insulation, 2017–2026
  • Table 14 : Canada Electric Submersible Cables Market Value (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 15 : Europe Electric Submersible Cables Market Value (US$ Mn) Forecast, by ESP Cable Type, 2017–2026
  • Table 16 : Europe Electric Submersible Cables Market Value (US$ Mn) Forecast, by Insulation, 2017–2026
  • Table 17 : Europe Electric Submersible Cables Market Value (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 18 : Europe Electric Submersible Cables Market Revenue (US$ Mn) Forecast, by Country/Sub-region, 2017–2026
  • Table 19 : Germany Electric Submersible Cables Market Value (US$ Mn) Forecast, by ESP Cable Type, 2017–2026
  • Table 20 : Germany Electric Submersible Cables Market Value (US$ Mn) Forecast, by Insulation, 2017–2026
  • Table 21 : Germany Electric Submersible Cables Market Value (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 22 : Russia & CIS Electric Submersible Cables Market Value (US$ Mn) Forecast, by ESP Cable Type, 2017–2026
  • Table 23 : Russia & CIS Electric Submersible Cables Market Value (US$ Mn) Forecast, by Insulation, 2017–2026
  • Table 24 : Russia & CIS Electric Submersible Cables Market Value (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 25 : U.K. Electric Submersible Cables Market Value (US$ Mn) Forecast, by ESP Cable Type, 2017–2026
  • Table 26 : U.K. Electric Submersible Cables Market Value (US$ Mn) Forecast, by Insulation, 2017–2026
  • Table 27 : U.K. Electric Submersible Cables Market Value (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 28 : Norway Electric Submersible Cables Market Value (US$ Mn) Forecast, by ESP Cable Type, 2017–2026
  • Table 29 : Norway Electric Submersible Cables Market Value (US$ Mn) Forecast, by Insulation, 2017–2026
  • Table 30 : Norway Electric Submersible Cables Market Value (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 31 : Rest of Europe Electric Submersible Cables Market Value (US$ Mn) Forecast, by ESP Cable Type, 2017–2026
  • Table 32 : Rest of Europe Electric Submersible Cables Market Value (US$ Mn) Forecast, by Insulation, 2017–2026
  • Table 33 : Rest of Europe Electric Submersible Cables Market Value (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 34 : Asia Pacific Electric Submersible Cables Market Value (US$ Mn) Forecast, by ESP Cable Type, 2017–2026
  • Table 35 : Asia Pacific Electric Submersible Cables Market Value (US$ Mn) Forecast, by Insulation, 2017–2026
  • Table 36 : Asia Pacific Electric Submersible Cables Market Value (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 37 : Asia Pacific Electric Submersible Cables Market Revenue (US$ Mn) Forecast, by Country, 2017–2026
  • Table 38 : Australia Electric Submersible Cables Market Value (US$ Mn) Forecast, by ESP Cable Type, 2017–2026
  • Table 39 : Australia Electric Submersible Cables Market Value (US$ Mn) Forecast, by Insulation, 2017–2026
  • Table 40 : Australia Electric Submersible Cables Market Value (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 41 : China Electric Submersible Cables Market Value (US$ Mn) Forecast, by ESP Cable Type, 2017–2026
  • Table 42 : China Electric Submersible Cables Market Value (US$ Mn) Forecast, by Insulation, 2017–2026
  • Table 43 : China Electric Submersible Cables Market Value (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 44 : India Electric Submersible Cables Market Value (US$ Mn) Forecast, by ESP Cable Type, 2017–2026
  • Table 45 : India Electric Submersible Cables Market Value (US$ Mn) Forecast, by Insulation, 2017–2026
  • Table 46 : India Electric Submersible Cables Market Value (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 47 : ASEAN Electric Submersible Cables Market Value (US$ Mn) Forecast, by ESP Cable Type, 2017–2026
  • Table 48 : ASEAN Electric Submersible Cables Market Value (US$ Mn) Forecast, by Insulation, 2017–2026
  • Table 49 : ASEAN Electric Submersible Cables Market Value (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 50 : Rest of Asia Pacific Electric Submersible Cables Market Value (US$ Mn) Forecast, by ESP Cable Type, 2017–2026
  • Table 51 : Rest of Asia Pacific Electric Submersible Cables Market Value (US$ Mn) Forecast, by Insulation, 2017–2026
  • Table 52 : Rest of Asia Pacific Electric Submersible Cables Market Value (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 53 : Middle East & Africa Electric Submersible Cables Market Value (US$ Mn) Forecast, by ESP Cable Type, 2017–2026
  • Table 54 : Middle East & Africa Electric Submersible Cables Market Value (US$ Mn) Forecast, by Insulation, 2017–2026
  • Table 55 : Middle East & Africa Electric Submersible Cables Market Value (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 56 : Middle East & Africa Electric Submersible Cables Market Revenue (US$ Mn) Forecast, by Country/Sub-region, 2017–2026
  • Table 57 : GCC Electric Submersible Cables Market Value (US$ Mn) Forecast, by ESP Cable Type, 2017–2026
  • Table 58 : GCC Electric Submersible Cables Market Value (US$ Mn) Forecast, by Insulation, 2017–2026
  • Table 59 : GCC Electric Submersible Cables Market Value (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 60 : South Africa Electric Submersible Cables Market Value (US$ Mn) Forecast, by ESP Cable Type, 2017–2026
  • Table 61 : South Africa Electric Submersible Cables Market Value (US$ Mn) Forecast, by Insulation, 2017–2026
  • Table 62 : South Africa Electric Submersible Cables Market Value (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 63 : Nigeria Electric Submersible Cables Market Value (US$ Mn) Forecast, by ESP Cable Type, 2017–2026
  • Table 64 : Nigeria Electric Submersible Cables Market Value (US$ Mn) Forecast, by Insulation, 2017–2026
  • Table 65 : Nigeria Electric Submersible Cables Market Value (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 66 : Rest of Middle East & Africa Electric Submersible Cables Market Value (US$ Mn) Forecast, by ESP Cable Type, 2017–2026
  • Table 67 : Rest of Middle East & Africa Electric Submersible Cables Market Value (US$ Mn) Forecast, by Insulation, 2017–2026
  • Table 68 : Rest of Middle East & Africa Electric Submersible Cables Market Value (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 69 : Latin America Electric Submersible Cables Market Value (US$ Mn) Forecast, by ESP Cable Type, 2017–2026
  • Table 70 : Latin America Electric Submersible Cables Market Value (US$ Mn) Forecast, by Insulation, 2017–2026
  • Table 71 : Latin America Electric Submersible Cables Market Value (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 72 : Latin America Electric Submersible Cables Market Revenue (US$ Mn) Forecast, by Country/Sub-region, 2017–2026
  • Table 73 : Brazil Electric Submersible Cables Market Value (US$ Mn) Forecast, by ESP Cable Type, 2017–2026
  • Table 74 : Brazil Electric Submersible Cables Market Value (US$ Mn) Forecast, by Insulation, 2017–2026
  • Table 75 : Brazil Electric Submersible Cables Market Value (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 76 : Venezuela Electric Submersible Cables Market Value (US$ Mn) Forecast, by ESP Cable Type, 2017–2026
  • Table 77 : Venezuela Electric Submersible Cables Market Value (US$ Mn) Forecast, by Insulation, 2017–2026
  • Table 78 : Venezuela Electric Submersible Cables Market Value (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 79 : Mexico Electric Submersible Cables Market Value (US$ Mn) Forecast, by ESP Cable Type, 2017–2026
  • Table 80 : Mexico Electric Submersible Cables Market Value (US$ Mn) Forecast, by Insulation, 2017–2026
  • Table 81 : Mexico Electric Submersible Cables Market Value (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Table 82 : Rest of Latin America Electric Submersible Cables Market Value (US$ Mn) Forecast, by ESP Cable Type, 2017–2026
  • Table 83 : Rest of Latin America Electric Submersible Cables Market Value (US$ Mn) Forecast, by Insulation, 2017–2026
  • Table 84 : Rest of Latin America Electric Submersible Cables Market Value (US$ Mn) Forecast, by End-user Industry, 2017–2026
  • Figure 1 : Market Snapshot
  • Figure 2 : Global ESP Cables Market Size (US$ Mn) Analysis, 2017–2026
  • Figure 3 : Global ESP Cables, Price Analysis and Projection, US$/Per Meter
  • Figure 4 : Regional ESP Cables, Price Analysis and Projection, US$/Per Meter
  • Figure 5 : Global Electric Submersible Cables Market Value Share Analysis, by ESP Cable Type, 2017 and 2026
  • Figure 6 : Global Electric Submersible Cables Market Attractiveness Analysis, by ESP Cable Type, 2017
  • Figure 7 : Global Electric Submersible Cables Market Value Share Analysis, by Insulation, 2017 and 2026
  • Figure 8 : Global Electric Submersible Cables Market Attractiveness Analysis, by Insulation, 2017
  • Figure 9 : Global Electric Submersible Cables Market Value Share Analysis, by End-user Industry, 2017 and 2026
  • Figure 10 : Global Electric Submersible Cables Market Attractiveness Analysis, by End-user Industry, 2017
  • Figure 11 : Global Electric Submersible Cables Market Value Share Analysis, by Region, 2017 and 2026
  • Figure 12 : Global Electric Submersible Cables Market Attractiveness Analysis, by Region, 2017
  • Figure 13 : North America Electric Submersible Cables Market Value Share Analysis, by ESP Cable Type, 2017 and 2026
  • Figure 14 : North America Electric Submersible Cables Market Value Share Analysis, by Insulation, 2017 and 2026
  • Figure 15 : North America Electric Submersible Cables Market Value Share Analysis, by End-user Industry, 2017 and 2026
  • Figure 16 : North America Electric Submersible Cables Market Value Share Analysis, by Country, 2017 and 2026
  • Figure 17 : North America Electric Submersible Cables Market Value Share Analysis, by ESP Cable Type, 2017 and 2026
  • Figure 18 : North America Electric Submersible Cables Market Attractiveness Analysis, by Insulation, 2017
  • Figure 19 : North America Electric Submersible Cables Market Value Share Analysis, by End-user Industry, 2017 and 2026
  • Figure 20 : North America Electric Submersible Cables Market Attractiveness Analysis, by Country, 2017
  • Figure 21 : Europe Electric Submersible Cables Market Value Share Analysis, by ESP Cable Type, 2017 and 2026
  • Figure 22 : Europe Electric Submersible Cables Market Value Share Analysis, by Insulation, 2017 and 2026
  • Figure 23 : Europe Electric Submersible Cables Market Value Share Analysis, by End-user Industry, 2017 and 2026
  • Figure 24 : Europe Electric Submersible Cables Market Value Share Analysis, by Country/Sub-region, 2017 and 2026
  • Figure 25 : Europe Electric Submersible Cables Market Value Share Analysis, by ESP Cable Type, 2017 and 2026
  • Figure 26 : Europe Electric Submersible Cables Market Attractiveness Analysis, by Insulation, 2017
  • Figure 27 : Europe Electric Submersible Cables Market Value Share Analysis, by End-user Industry, 2017 and 2026
  • Figure 28 : Europe Electric Submersible Cables Market Attractiveness Analysis, by Country, 2017
  • Figure 29 : Asia Pacific Electric Submersible Cables Market Value Share Analysis, by ESP Cable Type, 2017 and 2026
  • Figure 30 : Asia Pacific Electric Submersible Cables Market Value Share Analysis, by Insulation, 2017 and 2026
  • Figure 31 : Asia Pacific Electric Submersible Cables Market Value Share Analysis, by End-user Industry, 2017 and 2026
  • Figure 32 : Asia Pacific Electric Submersible Cables Market Value Share Analysis, by Country/Sub-region, 2017 and 2026
  • Figure 33 : Asia Pacific Electric Submersible Cables Market Value Share Analysis, by ESP Cable Type, 2017 and 2026
  • Figure 34 : Asia Pacific Electric Submersible Cables Market Attractiveness Analysis, by Insulation, 2017
  • Figure 35 : Asia Pacific Electric Submersible Cables Market Value Share Analysis, by End-user Industry, 2017 and 2026
  • Figure 36 : Asia Pacific Electric Submersible Cables Market Attractiveness Analysis, by Country/Sub-region, 2017
  • Figure 37 : MEA Electric Submersible Cables Market Value Share Analysis, by ESP Cable Type, 2017 and 2026
  • Figure 38 : MEA Electric Submersible Cables Market Value Share Analysis, by Insulation, 2017 and 2026
  • Figure 39 : MEA Electric Submersible Cables Market Value Share Analysis, by End-user Industry, 2017 and 2026
  • Figure 40 : Middle East & Africa Electric Submersible Cables Market Value Share Analysis, by Country/Sub-region, 2017 and 2026
  • Figure 41 : Middle East & Africa Electric Submersible Cables Market Value Share Analysis, by ESP Cable Type, 2017 and 2026
  • Figure 42 : Middle East & Africa Electric Submersible Cables Market Attractiveness Analysis, by Insulation, 2017
  • Figure 43 : Middle East & Africa Electric Submersible Cables Market Value Share Analysis, by End-user Industry, 2017 and 2026
  • Figure 44 : Middle East & Africa Electric Submersible Cables Market Attractiveness Analysis, by Country/Sub-region, 2017
  • Figure 45 : Latin America Electric Submersible Cables Market Value Share Analysis, by ESP Cable Type, 2017 and 2026
  • Figure 46 : Latin America Electric Submersible Cables Market Value Share Analysis, by Insulation, 2017 and 2026
  • Figure 47 : Latin America Electric Submersible Cables Market Value Share Analysis, by End-user Industry, 2017 and 2026
  • Figure 48 : Latin America Electric Submersible Cables Market Value Share Analysis, by Country/Sub-region, 2017 and 2026
  • Figure 49 : Latin America Electric Submersible Cables Market Value Share Analysis, by ESP Cable Type, 2017 and 2026
  • Figure 50 : Latin America Electric Submersible Cables Market Attractiveness Analysis, by Insulation, 2017
  • Figure 51 : Latin America Electric Submersible Cables Market Value Share Analysis, by End-user Industry, 2017 and 2026
  • Figure 52 : Latin America Electric Submersible Cables Market Attractiveness Analysis, by Country/Sub-region, 2017
  • Figure 53 : Global ESP Cable Market Share Analysis, by Company (2017)

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