The global Electric submersible pump (ESP) market is estimated to generate nearly US$ 82 Mn in 2020, expanding steadily to reach a valuation of US$ 13 Bn by the end of the forecast period.
A sizeable demand pull from key end-use industries and well-established markets is poised to generate a steady growth curve during the assessment period. Over time, Electric submersible pump (ESP) have found extensive applications for industrial de-watering. This has catapulted the demand for continuous-duty motors, having cycles exceeding 20 minutes.
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