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Electrical Submersible Pumps (ESPs)-Global Market Insights and Sales Trends 2025

Electrical Submersible Pumps (ESPs)-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1820034

No of Pages : 100

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 Electrical Submersible Pumps (ESPs) market size is expected to reach US$ 4337.2 million by 2029, growing at a CAGR of 5.3% from 2023 to 2029. The market is mainly driven by the significant applications of Electrical Submersible Pumps (ESPs) in various end use industries. The expanding demands from the Oil & Gas and Others, are propelling Electrical Submersible Pumps (ESPs) market. Onshore, 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 Offshore 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 Electrical Submersible Pumps (ESPs), 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 Electrical Submersible Pumps (ESPs) 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 Electrical Submersible Pumps (ESPs) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electrical Submersible Pumps (ESPs) 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 Electrical Submersible Pumps (ESPs) covered in this report include Grundfos Pumps Corporation,, Walrus America Inc,, Baker Hughes Incorporated,, Schlumberger Limited,, Halliburton Company,, Falcon Pumps Pvt. Ltd.,, Borets Company,, GE Oil & Gas, and JSC Novomet-Perm,, etc.
The global Electrical Submersible Pumps (ESPs) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Grundfos Pumps Corporation,
Walrus America Inc,
Baker Hughes Incorporated,
Schlumberger Limited,
Halliburton Company,
Falcon Pumps Pvt. Ltd.,
Borets Company,
GE Oil & Gas,
JSC Novomet-Perm,
Torqueflow Sydex Ltd.,
Weatherford International
Global Electrical Submersible Pumps (ESPs) 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 Electrical Submersible Pumps (ESPs) market, Segment by Type:
Onshore
Offshore
Global Electrical Submersible Pumps (ESPs) market, by Application
Oil & Gas
Others
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 Electrical Submersible Pumps (ESPs) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electrical Submersible Pumps (ESPs) 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.
Index
1 Electrical Submersible Pumps (ESPs) Market Overview
1.1 Electrical Submersible Pumps (ESPs) Product Overview
1.2 Electrical Submersible Pumps (ESPs) Market Segment by Type
1.2.1 Onshore
1.2.2 Offshore
1.3 Global Electrical Submersible Pumps (ESPs) Market Size by Type
1.3.1 Global Electrical Submersible Pumps (ESPs) Market Size Overview by Type (2018-2029)
1.3.2 Global Electrical Submersible Pumps (ESPs) Historic Market Size Review by Type (2018-2023)
1.3.3 Global Electrical Submersible Pumps (ESPs) Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Electrical Submersible Pumps (ESPs) Sales Breakdown by Type (2018-2023)
1.4.2 Europe Electrical Submersible Pumps (ESPs) Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Electrical Submersible Pumps (ESPs) Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Electrical Submersible Pumps (ESPs) Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Electrical Submersible Pumps (ESPs) Sales Breakdown by Type (2018-2023)
2 Global Electrical Submersible Pumps (ESPs) Market Competition by Company
2.1 Global Top Players by Electrical Submersible Pumps (ESPs) Sales (2018-2023)
2.2 Global Top Players by Electrical Submersible Pumps (ESPs) Revenue (2018-2023)
2.3 Global Top Players by Electrical Submersible Pumps (ESPs) Price (2018-2023)
2.4 Global Top Manufacturers Electrical Submersible Pumps (ESPs) Manufacturing Base Distribution, Sales Area, Product Type
2.5 Electrical Submersible Pumps (ESPs) Market Competitive Situation and Trends
2.5.1 Electrical Submersible Pumps (ESPs) Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Electrical Submersible Pumps (ESPs) 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 Electrical Submersible Pumps (ESPs) as of 2022)
2.7 Date of Key Manufacturers Enter into Electrical Submersible Pumps (ESPs) Market
2.8 Key Manufacturers Electrical Submersible Pumps (ESPs) Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Electrical Submersible Pumps (ESPs) Status and Outlook by Region
3.1 Global Electrical Submersible Pumps (ESPs) Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Electrical Submersible Pumps (ESPs) Historic Market Size by Region
3.2.1 Global Electrical Submersible Pumps (ESPs) Sales in Volume by Region (2018-2023)
3.2.2 Global Electrical Submersible Pumps (ESPs) Sales in Value by Region (2018-2023)
3.2.3 Global Electrical Submersible Pumps (ESPs) Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Electrical Submersible Pumps (ESPs) Forecasted Market Size by Region
3.3.1 Global Electrical Submersible Pumps (ESPs) Sales in Volume by Region (2024-2029)
3.3.2 Global Electrical Submersible Pumps (ESPs) Sales in Value by Region (2024-2029)
3.3.3 Global Electrical Submersible Pumps (ESPs) Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Electrical Submersible Pumps (ESPs) by Application
4.1 Electrical Submersible Pumps (ESPs) Market Segment by Application
4.1.1 Oil & Gas
4.1.2 Others
4.2 Global Electrical Submersible Pumps (ESPs) Market Size by Application
4.2.1 Global Electrical Submersible Pumps (ESPs) Market Size Overview by Application (2018-2029)
4.2.2 Global Electrical Submersible Pumps (ESPs) Historic Market Size Review by Application (2018-2023)
4.2.3 Global Electrical Submersible Pumps (ESPs) Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Electrical Submersible Pumps (ESPs) Sales Breakdown by Application (2018-2023)
4.3.2 Europe Electrical Submersible Pumps (ESPs) Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Electrical Submersible Pumps (ESPs) Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Electrical Submersible Pumps (ESPs) Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Electrical Submersible Pumps (ESPs) Sales Breakdown by Application (2018-2023)
5 North America Electrical Submersible Pumps (ESPs) by Country
5.1 North America Electrical Submersible Pumps (ESPs) Historic Market Size by Country
5.1.1 North America Electrical Submersible Pumps (ESPs) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Electrical Submersible Pumps (ESPs) Sales in Volume by Country (2018-2023)
5.1.3 North America Electrical Submersible Pumps (ESPs) Sales in Value by Country (2018-2023)
5.2 North America Electrical Submersible Pumps (ESPs) Forecasted Market Size by Country
5.2.1 North America Electrical Submersible Pumps (ESPs) Sales in Volume by Country (2024-2029)
5.2.2 North America Electrical Submersible Pumps (ESPs) Sales in Value by Country (2024-2029)
6 Europe Electrical Submersible Pumps (ESPs) by Country
6.1 Europe Electrical Submersible Pumps (ESPs) Historic Market Size by Country
6.1.1 Europe Electrical Submersible Pumps (ESPs) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Electrical Submersible Pumps (ESPs) Sales in Volume by Country (2018-2023)
6.1.3 Europe Electrical Submersible Pumps (ESPs) Sales in Value by Country (2018-2023)
6.2 Europe Electrical Submersible Pumps (ESPs) Forecasted Market Size by Country
6.2.1 Europe Electrical Submersible Pumps (ESPs) Sales in Volume by Country (2024-2029)
6.2.2 Europe Electrical Submersible Pumps (ESPs) Sales in Value by Country (2024-2029)
7 Asia-Pacific Electrical Submersible Pumps (ESPs) by Region
7.1 Asia-Pacific Electrical Submersible Pumps (ESPs) Historic Market Size by Region
7.1.1 Asia-Pacific Electrical Submersible Pumps (ESPs) Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Electrical Submersible Pumps (ESPs) Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Electrical Submersible Pumps (ESPs) Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Electrical Submersible Pumps (ESPs) Forecasted Market Size by Region
7.2.1 Asia-Pacific Electrical Submersible Pumps (ESPs) Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Electrical Submersible Pumps (ESPs) Sales in Value by Region (2024-2029)
8 Latin America Electrical Submersible Pumps (ESPs) by Country
8.1 Latin America Electrical Submersible Pumps (ESPs) Historic Market Size by Country
8.1.1 Latin America Electrical Submersible Pumps (ESPs) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Electrical Submersible Pumps (ESPs) Sales in Volume by Country (2018-2023)
8.1.3 Latin America Electrical Submersible Pumps (ESPs) Sales in Value by Country (2018-2023)
8.2 Latin America Electrical Submersible Pumps (ESPs) Forecasted Market Size by Country
8.2.1 Latin America Electrical Submersible Pumps (ESPs) Sales in Volume by Country (2024-2029)
8.2.2 Latin America Electrical Submersible Pumps (ESPs) Sales in Value by Country (2024-2029)
9 Middle East and Africa Electrical Submersible Pumps (ESPs) by Country
9.1 Middle East and Africa Electrical Submersible Pumps (ESPs) Historic Market Size by Country
9.1.1 Middle East and Africa Electrical Submersible Pumps (ESPs) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Electrical Submersible Pumps (ESPs) Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Electrical Submersible Pumps (ESPs) Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Electrical Submersible Pumps (ESPs) Forecasted Market Size by Country
9.2.1 Middle East and Africa Electrical Submersible Pumps (ESPs) Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Electrical Submersible Pumps (ESPs) Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Grundfos Pumps Corporation,
10.1.1 Grundfos Pumps Corporation, Company Information
10.1.2 Grundfos Pumps Corporation, Introduction and Business Overview
10.1.3 Grundfos Pumps Corporation, Electrical Submersible Pumps (ESPs) Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Grundfos Pumps Corporation, Electrical Submersible Pumps (ESPs) Products Offered
10.1.5 Grundfos Pumps Corporation, Recent Development
10.2 Walrus America Inc,
10.2.1 Walrus America Inc, Company Information
10.2.2 Walrus America Inc, Introduction and Business Overview
10.2.3 Walrus America Inc, Electrical Submersible Pumps (ESPs) Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Walrus America Inc, Electrical Submersible Pumps (ESPs) Products Offered
10.2.5 Walrus America Inc, Recent Development
10.3 Baker Hughes Incorporated,
10.3.1 Baker Hughes Incorporated, Company Information
10.3.2 Baker Hughes Incorporated, Introduction and Business Overview
10.3.3 Baker Hughes Incorporated, Electrical Submersible Pumps (ESPs) Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Baker Hughes Incorporated, Electrical Submersible Pumps (ESPs) Products Offered
10.3.5 Baker Hughes Incorporated, Recent Development
10.4 Schlumberger Limited,
10.4.1 Schlumberger Limited, Company Information
10.4.2 Schlumberger Limited, Introduction and Business Overview
10.4.3 Schlumberger Limited, Electrical Submersible Pumps (ESPs) Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Schlumberger Limited, Electrical Submersible Pumps (ESPs) Products Offered
10.4.5 Schlumberger Limited, Recent Development
10.5 Halliburton Company,
10.5.1 Halliburton Company, Company Information
10.5.2 Halliburton Company, Introduction and Business Overview
10.5.3 Halliburton Company, Electrical Submersible Pumps (ESPs) Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Halliburton Company, Electrical Submersible Pumps (ESPs) Products Offered
10.5.5 Halliburton Company, Recent Development
10.6 Falcon Pumps Pvt. Ltd.,
10.6.1 Falcon Pumps Pvt. Ltd., Company Information
10.6.2 Falcon Pumps Pvt. Ltd., Introduction and Business Overview
10.6.3 Falcon Pumps Pvt. Ltd., Electrical Submersible Pumps (ESPs) Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Falcon Pumps Pvt. Ltd., Electrical Submersible Pumps (ESPs) Products Offered
10.6.5 Falcon Pumps Pvt. Ltd., Recent Development
10.7 Borets Company,
10.7.1 Borets Company, Company Information
10.7.2 Borets Company, Introduction and Business Overview
10.7.3 Borets Company, Electrical Submersible Pumps (ESPs) Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Borets Company, Electrical Submersible Pumps (ESPs) Products Offered
10.7.5 Borets Company, Recent Development
10.8 GE Oil & Gas,
10.8.1 GE Oil & Gas, Company Information
10.8.2 GE Oil & Gas, Introduction and Business Overview
10.8.3 GE Oil & Gas, Electrical Submersible Pumps (ESPs) Sales, Revenue and Gross Margin (2018-2023)
10.8.4 GE Oil & Gas, Electrical Submersible Pumps (ESPs) Products Offered
10.8.5 GE Oil & Gas, Recent Development
10.9 JSC Novomet-Perm,
10.9.1 JSC Novomet-Perm, Company Information
10.9.2 JSC Novomet-Perm, Introduction and Business Overview
10.9.3 JSC Novomet-Perm, Electrical Submersible Pumps (ESPs) Sales, Revenue and Gross Margin (2018-2023)
10.9.4 JSC Novomet-Perm, Electrical Submersible Pumps (ESPs) Products Offered
10.9.5 JSC Novomet-Perm, Recent Development
10.10 Torqueflow Sydex Ltd.,
10.10.1 Torqueflow Sydex Ltd., Company Information
10.10.2 Torqueflow Sydex Ltd., Introduction and Business Overview
10.10.3 Torqueflow Sydex Ltd., Electrical Submersible Pumps (ESPs) Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Torqueflow Sydex Ltd., Electrical Submersible Pumps (ESPs) Products Offered
10.10.5 Torqueflow Sydex Ltd., Recent Development
10.11 Weatherford International
10.11.1 Weatherford International Company Information
10.11.2 Weatherford International Introduction and Business Overview
10.11.3 Weatherford International Electrical Submersible Pumps (ESPs) Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Weatherford International Electrical Submersible Pumps (ESPs) Products Offered
10.11.5 Weatherford International Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Electrical Submersible Pumps (ESPs) 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 Electrical Submersible Pumps (ESPs) Industrial Chain Analysis
11.4 Electrical Submersible Pumps (ESPs) Market Dynamics
11.4.1 Electrical Submersible Pumps (ESPs) Industry Trends
11.4.2 Electrical Submersible Pumps (ESPs) Market Drivers
11.4.3 Electrical Submersible Pumps (ESPs) Market Challenges
11.4.4 Electrical Submersible Pumps (ESPs) Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Electrical Submersible Pumps (ESPs) Distributors
12.3 Electrical Submersible Pumps (ESPs) 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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