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Electric Submersible Pump-Global Market Insights and Sales Trends 2025
Synopsis
Electrical Submersible Pumps (ESP) are one of the most reliable and efficient ways to lift fluids to the surface, both oil and water. As the name suggests, it is submerged into the reservoir fluids and pushes the fluid to the surface. The ESP pumps can be designed to handle fluids of up to 60,000 b/d and cover various well conditions and production profiles, and generally a low cost solution for high volumes of lifting.
Submersible pump to fundamentally eliminate the phenomenon of air resistance, the use of positive pressure push the principle of a fundamental solution to the high-temperature environment, high-lift, long-range conditions, pipeline pump, volumetric pumps, vane pumps and other negative work principle of the electric pump cannot solve the problem (such as less oil, not even the drawbacks of oil).
The global Electric Submersible Pump market size is expected to reach US$ 5343.6 million by 2029, growing at a CAGR of 8.5% from 2023 to 2029. The market is mainly driven by the significant applications of Electric Submersible Pump in various end use industries. The expanding demands from the Onshore and Offshore, are propelling Electric Submersible Pump market. Low Temperature ESP, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the High Temperature ESP segment is estimated at % CAGR for the next seven-year period.
Russia is the largest market with about 24% revenue market share. Followed by USA, accounting for about 21% revenue market share.
The key players are Schlumberger, Borets Company, General Electric, GE (Baker Hughes), Halliburton, Canadian Advanced ESP, Lvpai, Lishen Pump, Shengli Pump etc. Top 3 companies occupied about 51% revenue market share.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Electric Submersible Pump, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Electric Submersible Pump market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Electric Submersible Pump market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electric Submersible Pump sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Electric Submersible Pump covered in this report include Schlumberger, Borets Company, General Electric, GE (Baker Hughes), Halliburton, Canadian Advanced ESP, Lvpai, Lishen Pump and Shengli Pump, etc.
The global Electric Submersible Pump market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Schlumberger
Borets Company
General Electric
GE (Baker Hughes)
Halliburton
Canadian Advanced ESP
Lvpai
Lishen Pump
Shengli Pump
Global Electric Submersible Pump market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Electric Submersible Pump market, Segment by Type:
Low Temperature ESP
High Temperature ESP
Global Electric Submersible Pump market, by Application
Onshore
Offshore
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Electric Submersible Pump manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electric Submersible Pump in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Electrical Submersible Pumps (ESP) are one of the most reliable and efficient ways to lift fluids to the surface, both oil and water. As the name suggests, it is submerged into the reservoir fluids and pushes the fluid to the surface. The ESP pumps can be designed to handle fluids of up to 60,000 b/d and cover various well conditions and production profiles, and generally a low cost solution for high volumes of lifting.
Submersible pump to fundamentally eliminate the phenomenon of air resistance, the use of positive pressure push the principle of a fundamental solution to the high-temperature environment, high-lift, long-range conditions, pipeline pump, volumetric pumps, vane pumps and other negative work principle of the electric pump cannot solve the problem (such as less oil, not even the drawbacks of oil).
The global Electric Submersible Pump market size is expected to reach US$ 5343.6 million by 2029, growing at a CAGR of 8.5% from 2023 to 2029. The market is mainly driven by the significant applications of Electric Submersible Pump in various end use industries. The expanding demands from the Onshore and Offshore, are propelling Electric Submersible Pump market. Low Temperature ESP, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the High Temperature ESP segment is estimated at % CAGR for the next seven-year period.
Russia is the largest market with about 24% revenue market share. Followed by USA, accounting for about 21% revenue market share.
The key players are Schlumberger, Borets Company, General Electric, GE (Baker Hughes), Halliburton, Canadian Advanced ESP, Lvpai, Lishen Pump, Shengli Pump etc. Top 3 companies occupied about 51% revenue market share.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Electric Submersible Pump, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Electric Submersible Pump market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Electric Submersible Pump market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electric Submersible Pump sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Electric Submersible Pump covered in this report include Schlumberger, Borets Company, General Electric, GE (Baker Hughes), Halliburton, Canadian Advanced ESP, Lvpai, Lishen Pump and Shengli Pump, etc.
The global Electric Submersible Pump market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Schlumberger
Borets Company
General Electric
GE (Baker Hughes)
Halliburton
Canadian Advanced ESP
Lvpai
Lishen Pump
Shengli Pump
Global Electric Submersible Pump market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Electric Submersible Pump market, Segment by Type:
Low Temperature ESP
High Temperature ESP
Global Electric Submersible Pump market, by Application
Onshore
Offshore
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Electric Submersible Pump manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electric Submersible Pump in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Electric Submersible Pump Market Overview
1.1 Electric Submersible Pump Product Overview
1.2 Electric Submersible Pump Market Segment by Type
1.2.1 Low Temperature ESP
1.2.2 High Temperature ESP
1.3 Global Electric Submersible Pump Market Size by Type
1.3.1 Global Electric Submersible Pump Market Size Overview by Type (2018-2029)
1.3.2 Global Electric Submersible Pump Historic Market Size Review by Type (2018-2023)
1.3.3 Global Electric Submersible Pump Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Electric Submersible Pump Sales Breakdown by Type (2018-2023)
1.4.2 Europe Electric Submersible Pump Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Electric Submersible Pump Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Electric Submersible Pump Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Electric Submersible Pump Sales Breakdown by Type (2018-2023)
2 Global Electric Submersible Pump Market Competition by Company
2.1 Global Top Players by Electric Submersible Pump Sales (2018-2023)
2.2 Global Top Players by Electric Submersible Pump Revenue (2018-2023)
2.3 Global Top Players by Electric Submersible Pump Price (2018-2023)
2.4 Global Top Manufacturers Electric Submersible Pump Manufacturing Base Distribution, Sales Area, Product Type
2.5 Electric Submersible Pump Market Competitive Situation and Trends
2.5.1 Electric Submersible Pump Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Electric Submersible Pump Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Electric Submersible Pump as of 2022)
2.7 Date of Key Manufacturers Enter into Electric Submersible Pump Market
2.8 Key Manufacturers Electric Submersible Pump Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Electric Submersible Pump Status and Outlook by Region
3.1 Global Electric Submersible Pump Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Electric Submersible Pump Historic Market Size by Region
3.2.1 Global Electric Submersible Pump Sales in Volume by Region (2018-2023)
3.2.2 Global Electric Submersible Pump Sales in Value by Region (2018-2023)
3.2.3 Global Electric Submersible Pump Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Electric Submersible Pump Forecasted Market Size by Region
3.3.1 Global Electric Submersible Pump Sales in Volume by Region (2024-2029)
3.3.2 Global Electric Submersible Pump Sales in Value by Region (2024-2029)
3.3.3 Global Electric Submersible Pump Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Electric Submersible Pump by Application
4.1 Electric Submersible Pump Market Segment by Application
4.1.1 Onshore
4.1.2 Offshore
4.2 Global Electric Submersible Pump Market Size by Application
4.2.1 Global Electric Submersible Pump Market Size Overview by Application (2018-2029)
4.2.2 Global Electric Submersible Pump Historic Market Size Review by Application (2018-2023)
4.2.3 Global Electric Submersible Pump Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Electric Submersible Pump Sales Breakdown by Application (2018-2023)
4.3.2 Europe Electric Submersible Pump Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Electric Submersible Pump Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Electric Submersible Pump Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Electric Submersible Pump Sales Breakdown by Application (2018-2023)
5 North America Electric Submersible Pump by Country
5.1 North America Electric Submersible Pump Historic Market Size by Country
5.1.1 North America Electric Submersible Pump Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Electric Submersible Pump Sales in Volume by Country (2018-2023)
5.1.3 North America Electric Submersible Pump Sales in Value by Country (2018-2023)
5.2 North America Electric Submersible Pump Forecasted Market Size by Country
5.2.1 North America Electric Submersible Pump Sales in Volume by Country (2024-2029)
5.2.2 North America Electric Submersible Pump Sales in Value by Country (2024-2029)
6 Europe Electric Submersible Pump by Country
6.1 Europe Electric Submersible Pump Historic Market Size by Country
6.1.1 Europe Electric Submersible Pump Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Electric Submersible Pump Sales in Volume by Country (2018-2023)
6.1.3 Europe Electric Submersible Pump Sales in Value by Country (2018-2023)
6.2 Europe Electric Submersible Pump Forecasted Market Size by Country
6.2.1 Europe Electric Submersible Pump Sales in Volume by Country (2024-2029)
6.2.2 Europe Electric Submersible Pump Sales in Value by Country (2024-2029)
7 Asia-Pacific Electric Submersible Pump by Region
7.1 Asia-Pacific Electric Submersible Pump Historic Market Size by Region
7.1.1 Asia-Pacific Electric Submersible Pump Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Electric Submersible Pump Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Electric Submersible Pump Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Electric Submersible Pump Forecasted Market Size by Region
7.2.1 Asia-Pacific Electric Submersible Pump Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Electric Submersible Pump Sales in Value by Region (2024-2029)
8 Latin America Electric Submersible Pump by Country
8.1 Latin America Electric Submersible Pump Historic Market Size by Country
8.1.1 Latin America Electric Submersible Pump Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Electric Submersible Pump Sales in Volume by Country (2018-2023)
8.1.3 Latin America Electric Submersible Pump Sales in Value by Country (2018-2023)
8.2 Latin America Electric Submersible Pump Forecasted Market Size by Country
8.2.1 Latin America Electric Submersible Pump Sales in Volume by Country (2024-2029)
8.2.2 Latin America Electric Submersible Pump Sales in Value by Country (2024-2029)
9 Middle East and Africa Electric Submersible Pump by Country
9.1 Middle East and Africa Electric Submersible Pump Historic Market Size by Country
9.1.1 Middle East and Africa Electric Submersible Pump Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Electric Submersible Pump Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Electric Submersible Pump Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Electric Submersible Pump Forecasted Market Size by Country
9.2.1 Middle East and Africa Electric Submersible Pump Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Electric Submersible Pump Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Schlumberger
10.1.1 Schlumberger Company Information
10.1.2 Schlumberger Introduction and Business Overview
10.1.3 Schlumberger Electric Submersible Pump Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Schlumberger Electric Submersible Pump Products Offered
10.1.5 Schlumberger Recent Development
10.2 Borets Company
10.2.1 Borets Company Company Information
10.2.2 Borets Company Introduction and Business Overview
10.2.3 Borets Company Electric Submersible Pump Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Borets Company Electric Submersible Pump Products Offered
10.2.5 Borets Company Recent Development
10.3 General Electric
10.3.1 General Electric Company Information
10.3.2 General Electric Introduction and Business Overview
10.3.3 General Electric Electric Submersible Pump Sales, Revenue and Gross Margin (2018-2023)
10.3.4 General Electric Electric Submersible Pump Products Offered
10.3.5 General Electric Recent Development
10.4 GE (Baker Hughes)
10.4.1 GE (Baker Hughes) Company Information
10.4.2 GE (Baker Hughes) Introduction and Business Overview
10.4.3 GE (Baker Hughes) Electric Submersible Pump Sales, Revenue and Gross Margin (2018-2023)
10.4.4 GE (Baker Hughes) Electric Submersible Pump Products Offered
10.4.5 GE (Baker Hughes) Recent Development
10.5 Halliburton
10.5.1 Halliburton Company Information
10.5.2 Halliburton Introduction and Business Overview
10.5.3 Halliburton Electric Submersible Pump Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Halliburton Electric Submersible Pump Products Offered
10.5.5 Halliburton Recent Development
10.6 Canadian Advanced ESP
10.6.1 Canadian Advanced ESP Company Information
10.6.2 Canadian Advanced ESP Introduction and Business Overview
10.6.3 Canadian Advanced ESP Electric Submersible Pump Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Canadian Advanced ESP Electric Submersible Pump Products Offered
10.6.5 Canadian Advanced ESP Recent Development
10.7 Lvpai
10.7.1 Lvpai Company Information
10.7.2 Lvpai Introduction and Business Overview
10.7.3 Lvpai Electric Submersible Pump Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Lvpai Electric Submersible Pump Products Offered
10.7.5 Lvpai Recent Development
10.8 Lishen Pump
10.8.1 Lishen Pump Company Information
10.8.2 Lishen Pump Introduction and Business Overview
10.8.3 Lishen Pump Electric Submersible Pump Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Lishen Pump Electric Submersible Pump Products Offered
10.8.5 Lishen Pump Recent Development
10.9 Shengli Pump
10.9.1 Shengli Pump Company Information
10.9.2 Shengli Pump Introduction and Business Overview
10.9.3 Shengli Pump Electric Submersible Pump Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Shengli Pump Electric Submersible Pump Products Offered
10.9.5 Shengli Pump Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Electric Submersible Pump Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Electric Submersible Pump Industrial Chain Analysis
11.4 Electric Submersible Pump Market Dynamics
11.4.1 Electric Submersible Pump Industry Trends
11.4.2 Electric Submersible Pump Market Drivers
11.4.3 Electric Submersible Pump Market Challenges
11.4.4 Electric Submersible Pump Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Electric Submersible Pump Distributors
12.3 Electric Submersible Pump Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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