The global demand for Electric Submersible Pumps Market is presumed to reach the market size of nearly USD 19.52 BN by 2030 from USD 12.05 BN in 2022 with a CAGR of 6.21% under the study period 2023 - 2030.
Electric submersible pumps, often referred to as ESPs, are specialized pumping systems designed to operate underwater or in other fluid environments. These pumps are submerged in the fluid they are intended to pump, typically in wells, boreholes, or other liquid sources, and are powered by electric motors positioned above the fluid level.
The Electric submersible pumps market is witnessing robust growth driven by several key factors that underline the vital role of these pumps in various industries. Primarily, the oil and gas sector heavily relies on them to enhance well productivity and efficiently extract hydrocarbons and water from wellbores, thus contributing to the market's expansion. Additionally, the demand for reliable water supply systems and efficient irrigation solutions in urban areas and agriculture is propelling the adoption of ESPs. Wastewater management and treatment are essential for public health and environmental protection, with electric submersible pumps playing a crucial role in sewage and wastewater movement. The agricultural industry uses it for irrigation, aligning with the need to optimize water usage and enhance crop yields. These are also instrumental in industrial processes, where fluid transport efficiency is a critical factor. Ongoing technological innovations in ESP design, materials, and motor efficiency are making these pumps more reliable and cost-effective, further stimulating market growth. Environmental regulations and the focus on sustainable water management practices are encouraging the adoption of efficient pumping solutions.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of electric submersible pumps. The growth and trends of electric submersible pumps industry provide a holistic approach to this study.
This section of the electric submersible pumps market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Industries
By Wells
By Operations
This section covers the regional outlook, which accentuates current and future demand for the Electric Submersible Pumps market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Electric Submersible Pumps market include General Electric, Schlumberger, Flowserve Corporation, Halliburton, Borets, Atlas Copco, Weatherford, Ebara, Wilo SE, Novomet-Perm, Grundfos Holding, Crompton Greaves, Sulzer, Tsurumi Manufacturing. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . ELECTRIC SUBMERSIBLE PUMPS – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Industries
3.7.2 Market Attractiveness Analysis By Wells
3.7.3 Market Attractiveness Analysis By Operations
3.7.4 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL ELECTRIC SUBMERSIBLE PUMPS MARKET ANALYSIS BY INDUSTRIES
5.1 Overview by Industries
5.2 Historical and Forecast Data
5.3 Analysis by Industries
5.4 Oil & Gas Historic and Forecast Sales by Regions
5.5 Sewage & Wastewater Historic and Forecast Sales by Regions
5.6 Agriculture Historic and Forecast Sales by Regions
5.7 Building Services Historic and Forecast Sales by Regions
5.8 Others Historic and Forecast Sales by Regions
6 . GLOBAL ELECTRIC SUBMERSIBLE PUMPS MARKET ANALYSIS BY WELLS
6.1 Overview by Wells
6.2 Historical and Forecast Data
6.3 Analysis by Wells
6.4 Borewell Historic and Forecast Sales by Regions
6.5 ...