The global HPS (Horizontal Surface Pumps) market was valued at 41.96 Million USD in 2021 and will grow with a CAGR of 3.22% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

HPS (Horizontal Surface Pumps) include a pump at the surface to send the power fluid down hole, a gas, diesel or electric engine to drive the pump, and a system for storing, treating and delivering the power fluid (produced oil or water) for use by the down hole pump .The global consumption of HPS products rises up from 2301 units in 2011 to 2676 units in 2015, with an average annual growth rate of 4.08%. At the same time, the revenue of world HPS sales market has a leap from 389.45 million dollar to 427.44 million dollar. The reason causes this increase is the growing demand for the HPS products, which is the outcome of the downstream industries are in a good situation. Although sales of HPS products bring a lot of opportunities, the study group recommends the new entrants who just have money but without technical advantage, raw materials advantage and downstream support, do not enter into the HPS field hastily.

By Market Verdors:

Schlumberger

GE(Baker Hughes)

Canadian Advanced ESP

Borets

Weatherford

Novomet

Dover

National Oilwell Varco

SPI

HOSS

Summit ESP

By Types:

Under 100 HP

100-600 HP

Above 600 HP

By Applications:

Industrial

Oil & Natural Gas

Mining

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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