United States Subsea Pumps Market Share, Size, Growth, Opportunity and Forecast 2023-2028

United States Subsea Pumps Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A2634

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Market Overview:

The United States subsea pumps market size reached US$ 221.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 331.6 Million by 2028, exhibiting a growth rate (CAGR) of 6.94% during 2023-2028.

Subsea pumps boost production streams and multi-phase mixtures of water, gas and oil through centrifugal force. These pumps comprise power generators, conditioners, controllers and transmitters that assist in extracting different materials on the seabed. They also transport untreated hydrocarbons, help increase the overall production rate and maintain the efficient flow of multi-phase fluids and solids.

A significant rise in energy demand is positively influencing oil and gas exploration activities in deep offshore areas. This represents one of the major factors spurring the growth of the subsea pumps market in the United States. Moreover, the escalating demand for petroleum products around the world is providing lucrative opportunities to key players in the country for exporting their products to other countries. Furthermore, technological advancements are ensuring high operational efficiencies, which is propelling the market growth. Apart from this, as the US Government is providing subsidies on oil prices to various energy companies, domestic oil production is increasing in the country, which, in turn, is anticipated to drive the market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the United States subsea pumps market report, along with forecasts at the country and regional levels from 2023-2028 Our report has categorized the market based on type and application.

Breakup by Type:

Centrifugal
Helico-Axial
Hybrid Pump
Twin Screw
Co-Axial
ESP (Electrical Submersible Pump)

Breakup by Application:

Subsea Boosting
Subsea Separation
Subsea Injection
Subsea Gas Compression

Breakup by Region:

Northeast
Midwest
South
West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Million
Scope of the Report	Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Type Application Region
Types Covered	Centrifugal, Helico-Axial, Hybrid Pump, Twin Screw, Co-Axial, ESP (Electrical Submersible Pump)
Applications Covered	Subsea Boosting, Subsea Separation, Subsea Injection, Subsea Gas Compression
Regions Covered	Northeast, Midwest, South, West
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the United States Subsea Pumps market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the United States Subsea Pumps market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the United States Subsea Pumps market and who are the key players?
What is the degree of competition in the industry?

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