Global Electric Submersible Cables Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Electric Submersible Cables Market 2021 (Includes Business Impact of COVID-19)
Global Electric Submersible Cables Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights, which offers in-depth insights, revenue details, and other vital information regarding the global electric submersible cables market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global electric submersible cables market report has been segmented on the basis of cable type, insulation, end-user, and region.
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This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the global market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the global electric submersible cables market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Overview:

Electric submersible is widely known as electric submersible pump cable. Electric submersible cable is specially designed to sustain in harsh conditions based on its applications. Electric submersible cable is produced in various configurations for different environmental conditions. In addition, it is designed for applications in wet ground or under water. A submersible pump cable prevents pump cavitation between pump and the fluid surface.

Dynamics:

Increasing demand for electric submersible cables in mining, offshore drilling rigs, irrigation systems, drilling works, and in sewage treatment plants is a key factor expected to drive growth of the global electric submersible cables market during the forecast period.

Increasing deployment of electric submersible pump in oil & gas industries, owing to its various properties such as, it prevents pump cavitation, lead sheath prevents damages from higher concentrated hydrogen sulfide and hydrogen chloride, heat resistant capacity, high reliability, and high flexibility is another factor expected to boost growth of the global electric submersible cables market in the near future.

In addition, increasing preference for tightly contained industrial electric cables unit designs in various industries is another factor supporting growth of the global electric submersible cables market as the cables are equipped with watertight gaskets and seals that help to maintain safety from leakage or electricity short out post submerged.

Furthermore, increasing product enhancement and development of various raw materials for cable manufacturing is expected to fuel growth of the global market. However, high cost associated with maintenance of electric submersible cables is a major factor expected to restraint growth of the global market.

Segment Analysis:

On the basis of cable type, flat power cable segment is expected to dominate the target market, owing to various features of flat electric submersible cable such as less space occupancy, reduced weight, and high flexibility. On the basis of insulation, polypropylene segment is expected to dominate the global market, owing to high utilization and awareness about light weight property of polypropylene. On the basis of end-user, oil & gas segment is expected to dominate the global electric submersible cables market, owing to high adoption of electric submersible cables for diverse applications.

Regional Analysis:

Market in Asia Pacific is expected to dominate in the global market, owing to increasing infrastructural development and technological enhancements to achieve high power efficiency among emerging countries such as China, India, and Japan in the region.

Market in Europe is expected to register significant growth in the global market in terms of revenue, owing to increasing utilization of electric submersible cables for various applications such as, in mining submersible pumps, control circuits, motors and associated machinery, temporary and portable power, and construction equipment in countries in the region.

Market in North America is expected to register lucrative growth in the global market in terms of revenue, owing to increasing demand for highly flexible and crush resistant electric submersible cables among various industry sectors in countries in the region.


Below are the active patents related to Electric Submersible Cables Market.


Patent Number: US20110011617A1

Flat power cable

Abstract

A flat power cable includes at least two cores of which at least two cores include a power transmissive insulated element and a protective sheath disposed in a radially external position with respect to the power transmissive insulated element. The cores are disposed on a common transversal axis and an outer armour contains the cores. Inside the armour, adjacent cores and an internal surface of the armour delimit empty interstitial spaces. The flat cable includes swellable fillers disposed in the empty interstitial spaces. In a transversal section of the cable, each of the swellable fillers, in an unswelled configuration, presents a cross section area smaller than a cross section area of the respective empty interstitial space. The swellable fillers swell by absorbing fluid the flat power cable is submerged in and enlarge, filling all the interstices, pushing against the cores and the armour and constraining the cable in its flat configuration.

Application File Date: 2008-01-11

Application Granted Date: 2013-07-16

Current Assignee: Prysmian SpA

Patent Number: CN102456431B

Circular-flat integrated cable for electric submersible pump

Abstract

A circular-flat integrated cable for an electric submersible pump is disclosed. In order to overcome the disadvantage that the present belting method is hard to ensure the sealing performance at the connected place of a circular cable and a flat cable, so that an insulating layer is corroded by an underground oil-gas environment, and thus the cables are failed in advance, an insulating layer and an oil-resisting layer are orderly covered outside the conductor disclosed by the invention to be a core, the three cores of the circular cable are covered by a jacket layer after being arrayed in a triangle, and an armour layer is disposed outside the jacket layer; the armour layer, the jacket layer and the oil-resisting layer on the end part of the circular cable are orderly peeled off to expose the insulating layer, and after the conductors of the three cores on the end part of the circular cable are twisted with the conductors of the three cores of the flat cable, a moulding and a vulcanization for the transition belt rubber jacket layer of the circular cable and the flat cable are finished on a rubber processing device; and an armour layer is covered outside the transition belt rubber jacket layer of the circular cable and the flat cable by a steel belt to form a circular-flat integrated cable. The circular-flat integrated cable for an electric submersible pump has the advantage that the connected place of a circular cable and a flat cable is moulded once, so that a sealing defect existing during a connection process is efficiently avoided, and the lives of the cables are efficiently prolonged.

Application File Date: 2010-10-28

Application Granted Date: 2013-05-01

Current Assignee: Bohai Petroleum Equipment (Tianjin) Zhongcheng Machinery Manufacturing Co.,Ltd. China National Petroleum Corp CNPC Bohai Equipment Manufacturing Co Ltd

Patent Number: US20170287595A1

Submersible power cable

Abstract

A power cable can include a conductor; an insulation layer disposed about the conductor where the insulation layer includes a first polymeric material; and a shield layer disposed about the insulation layer where the shield layer includes a second polymeric material where a solubility parameter of the first polymeric material is less than a solubility parameter of the second polymeric material.

Application File Date: 2016-07-27

Application Granted Date: 2019-02-12

Current Assignee: Schlumberger Technology Corp

Global Electric Submersible Cables Market Segmentation:

Segmentation by Cable Type:

  
Flat Power Cable
  
Round Power Cable

Segmentation by Insulation:

  
Polypropylene
  
Ethylene Propylene Diene Monomer (EPDM)

Segmentation by End-User:

  
Mining Industries
  
Oil & Gas Industries
  
Agriculture Industries
  
Construction Sector
  
Others (Manufacturing, Transportation, and Real Estate Sectors)


Key Market Players included in the report:


  
Alkhoorayef Petroleum.
  
Electric Submersible Cables
  
Borets International Limited
  
GE company
  
General Cable
  
Halliburton Company
  
Havells India
  
Hitachi Metals
  
Jainson Cables India
  
Kerite
  
Nexans
  
Prysmian Group
  
Schlumberger Limited
  
Siemens AG
  
Southwire Company
  
Superstar Cables
  
The Kerite Company
  
V-GUARD INDUSTRIES LTD.