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Global Electrical Submersible Pump (ESP) Market Research Report 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 Electrical Submersible Pump (ESP) market was valued at US$ 2998.8 million in 2023 and is anticipated to reach US$ 4337.2 million by 2030, witnessing a CAGR of 5.3% during the forecast period 2024-2030.
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.
This report aims to provide a comprehensive presentation of the global market for Electrical Submersible Pump (ESP), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electrical Submersible Pump (ESP).
Report Scope
The Electrical Submersible Pump (ESP) market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electrical Submersible Pump (ESP) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Electrical Submersible Pump (ESP) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Sulzer
Grundfos Group
KSB Group
WILO
Schlumberger Limited
GE(Baker Hughes)
Borets Company
GE Oil & Gas
Segment by Type
Openwell
Borewell
Segment by Application
Industrial
Agriculture
Domestic
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Electrical Submersible Pump (ESP) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Electrical Submersible Pump (ESP) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Electrical Submersible Pump (ESP) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: 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 10: The main points and conclusions of the report.
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 Pump (ESP) market was valued at US$ 2998.8 million in 2023 and is anticipated to reach US$ 4337.2 million by 2030, witnessing a CAGR of 5.3% during the forecast period 2024-2030.
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.
This report aims to provide a comprehensive presentation of the global market for Electrical Submersible Pump (ESP), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electrical Submersible Pump (ESP).
Report Scope
The Electrical Submersible Pump (ESP) market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Electrical Submersible Pump (ESP) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Electrical Submersible Pump (ESP) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Sulzer
Grundfos Group
KSB Group
WILO
Schlumberger Limited
GE(Baker Hughes)
Borets Company
GE Oil & Gas
Segment by Type
Openwell
Borewell
Segment by Application
Industrial
Agriculture
Domestic
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Electrical Submersible Pump (ESP) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Electrical Submersible Pump (ESP) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Electrical Submersible Pump (ESP) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: 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 10: The main points and conclusions of the report.
Index1 Electrical Submersible Pump (ESP) Market Overview
1.1 Product Definition
1.2 Electrical Submersible Pump (ESP) Segment by Type
1.2.1 Global Electrical Submersible Pump (ESP) Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Openwell
1.2.3 Borewell
1.3 Electrical Submersible Pump (ESP) Segment by Application
1.3.1 Global Electrical Submersible Pump (ESP) Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Industrial
1.3.3 Agriculture
1.3.4 Domestic
1.4 Global Market Growth Prospects
1.4.1 Global Electrical Submersible Pump (ESP) Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Electrical Submersible Pump (ESP) Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Electrical Submersible Pump (ESP) Production Estimates and Forecasts (2019-2030)
1.4.4 Global Electrical Submersible Pump (ESP) Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Electrical Submersible Pump (ESP) Production Market Share by Manufacturers (2019-2024)
2.2 Global Electrical Submersible Pump (ESP) Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Electrical Submersible Pump (ESP), Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Electrical Submersible Pump (ESP) Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Electrical Submersible Pump (ESP) Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Electrical Submersible Pump (ESP), Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Electrical Submersible Pump (ESP), Product Offered and Application
2.8 Global Key Manufacturers of Electrical Submersible Pump (ESP), Date of Enter into This Industry
2.9 Electrical Submersible Pump (ESP) Market Competitive Situation and Trends
2.9.1 Electrical Submersible Pump (ESP) Market Concentration Rate
2.9.2 Global 5 and 10 Largest Electrical Submersible Pump (ESP) Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Electrical Submersible Pump (ESP) Production by Region
3.1 Global Electrical Submersible Pump (ESP) Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Electrical Submersible Pump (ESP) Production Value by Region (2019-2030)
3.2.1 Global Electrical Submersible Pump (ESP) Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Electrical Submersible Pump (ESP) by Region (2025-2030)
3.3 Global Electrical Submersible Pump (ESP) Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Electrical Submersible Pump (ESP) Production by Region (2019-2030)
3.4.1 Global Electrical Submersible Pump (ESP) Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Electrical Submersible Pump (ESP) by Region (2025-2030)
3.5 Global Electrical Submersible Pump (ESP) Market Price Analysis by Region (2019-2024)
3.6 Global Electrical Submersible Pump (ESP) Production and Value, Year-over-Year Growth
3.6.1 North America Electrical Submersible Pump (ESP) Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Electrical Submersible Pump (ESP) Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Electrical Submersible Pump (ESP) Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Electrical Submersible Pump (ESP) Production Value Estimates and Forecasts (2019-2030)
4 Electrical Submersible Pump (ESP) Consumption by Region
4.1 Global Electrical Submersible Pump (ESP) Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Electrical Submersible Pump (ESP) Consumption by Region (2019-2030)
4.2.1 Global Electrical Submersible Pump (ESP) Consumption by Region (2019-2024)
4.2.2 Global Electrical Submersible Pump (ESP) Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Electrical Submersible Pump (ESP) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Electrical Submersible Pump (ESP) Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Electrical Submersible Pump (ESP) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Electrical Submersible Pump (ESP) Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Electrical Submersible Pump (ESP) Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Electrical Submersible Pump (ESP) Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Electrical Submersible Pump (ESP) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Electrical Submersible Pump (ESP) Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Electrical Submersible Pump (ESP) Production by Type (2019-2030)
5.1.1 Global Electrical Submersible Pump (ESP) Production by Type (2019-2024)
5.1.2 Global Electrical Submersible Pump (ESP) Production by Type (2025-2030)
5.1.3 Global Electrical Submersible Pump (ESP) Production Market Share by Type (2019-2030)
5.2 Global Electrical Submersible Pump (ESP) Production Value by Type (2019-2030)
5.2.1 Global Electrical Submersible Pump (ESP) Production Value by Type (2019-2024)
5.2.2 Global Electrical Submersible Pump (ESP) Production Value by Type (2025-2030)
5.2.3 Global Electrical Submersible Pump (ESP) Production Value Market Share by Type (2019-2030)
5.3 Global Electrical Submersible Pump (ESP) Price by Type (2019-2030)
6 Segment by Application
6.1 Global Electrical Submersible Pump (ESP) Production by Application (2019-2030)
6.1.1 Global Electrical Submersible Pump (ESP) Production by Application (2019-2024)
6.1.2 Global Electrical Submersible Pump (ESP) Production by Application (2025-2030)
6.1.3 Global Electrical Submersible Pump (ESP) Production Market Share by Application (2019-2030)
6.2 Global Electrical Submersible Pump (ESP) Production Value by Application (2019-2030)
6.2.1 Global Electrical Submersible Pump (ESP) Production Value by Application (2019-2024)
6.2.2 Global Electrical Submersible Pump (ESP) Production Value by Application (2025-2030)
6.2.3 Global Electrical Submersible Pump (ESP) Production Value Market Share by Application (2019-2030)
6.3 Global Electrical Submersible Pump (ESP) Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Sulzer
7.1.1 Sulzer Electrical Submersible Pump (ESP) Corporation Information
7.1.2 Sulzer Electrical Submersible Pump (ESP) Product Portfolio
7.1.3 Sulzer Electrical Submersible Pump (ESP) Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Sulzer Main Business and Markets Served
7.1.5 Sulzer Recent Developments/Updates
7.2 Grundfos Group
7.2.1 Grundfos Group Electrical Submersible Pump (ESP) Corporation Information
7.2.2 Grundfos Group Electrical Submersible Pump (ESP) Product Portfolio
7.2.3 Grundfos Group Electrical Submersible Pump (ESP) Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Grundfos Group Main Business and Markets Served
7.2.5 Grundfos Group Recent Developments/Updates
7.3 KSB Group
7.3.1 KSB Group Electrical Submersible Pump (ESP) Corporation Information
7.3.2 KSB Group Electrical Submersible Pump (ESP) Product Portfolio
7.3.3 KSB Group Electrical Submersible Pump (ESP) Production, Value, Price and Gross Margin (2019-2024)
7.3.4 KSB Group Main Business and Markets Served
7.3.5 KSB Group Recent Developments/Updates
7.4 WILO
7.4.1 WILO Electrical Submersible Pump (ESP) Corporation Information
7.4.2 WILO Electrical Submersible Pump (ESP) Product Portfolio
7.4.3 WILO Electrical Submersible Pump (ESP) Production, Value, Price and Gross Margin (2019-2024)
7.4.4 WILO Main Business and Markets Served
7.4.5 WILO Recent Developments/Updates
7.5 Schlumberger Limited
7.5.1 Schlumberger Limited Electrical Submersible Pump (ESP) Corporation Information
7.5.2 Schlumberger Limited Electrical Submersible Pump (ESP) Product Portfolio
7.5.3 Schlumberger Limited Electrical Submersible Pump (ESP) Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Schlumberger Limited Main Business and Markets Served
7.5.5 Schlumberger Limited Recent Developments/Updates
7.6 GE(Baker Hughes)
7.6.1 GE(Baker Hughes) Electrical Submersible Pump (ESP) Corporation Information
7.6.2 GE(Baker Hughes) Electrical Submersible Pump (ESP) Product Portfolio
7.6.3 GE(Baker Hughes) Electrical Submersible Pump (ESP) Production, Value, Price and Gross Margin (2019-2024)
7.6.4 GE(Baker Hughes) Main Business and Markets Served
7.6.5 GE(Baker Hughes) Recent Developments/Updates
7.7 Borets Company
7.7.1 Borets Company Electrical Submersible Pump (ESP) Corporation Information
7.7.2 Borets Company Electrical Submersible Pump (ESP) Product Portfolio
7.7.3 Borets Company Electrical Submersible Pump (ESP) Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Borets Company Main Business and Markets Served
7.7.5 Borets Company Recent Developments/Updates
7.8 GE Oil & Gas
7.8.1 GE Oil & Gas Electrical Submersible Pump (ESP) Corporation Information
7.8.2 GE Oil & Gas Electrical Submersible Pump (ESP) Product Portfolio
7.8.3 GE Oil & Gas Electrical Submersible Pump (ESP) Production, Value, Price and Gross Margin (2019-2024)
7.8.4 GE Oil & Gas Main Business and Markets Served
7.7.5 GE Oil & Gas Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Electrical Submersible Pump (ESP) Industry Chain Analysis
8.2 Electrical Submersible Pump (ESP) Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Electrical Submersible Pump (ESP) Production Mode & Process
8.4 Electrical Submersible Pump (ESP) Sales and Marketing
8.4.1 Electrical Submersible Pump (ESP) Sales Channels
8.4.2 Electrical Submersible Pump (ESP) Distributors
8.5 Electrical Submersible Pump (ESP) Customers
9 Electrical Submersible Pump (ESP) Market Dynamics
9.1 Electrical Submersible Pump (ESP) Industry Trends
9.2 Electrical Submersible Pump (ESP) Market Drivers
9.3 Electrical Submersible Pump (ESP) Market Challenges
9.4 Electrical Submersible Pump (ESP) Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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