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Electrical Submersible Pumps (ESPs) - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030

Industry: Machinery & Equipment

Published: 2024-01-24

Pages: 118 Pages

Report ld: 2332751

Description
Table of Contents
Table of Figures
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Description
Table of Contents
Table of Figures
PDF Download

Description

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.

Electrical Submersible Pumps (ESPs) Market Size

M= millions and B=billions

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 market for Electrical Submersible Pumps (ESPs) was estimated to be worth US$ 2998.8 million in 2023 and is forecast to a readjusted size of US$ 4337.2 million by 2030 with 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.

Report Scope
This report aims to provide a comprehensive presentation of the global market for Electrical Submersible Pumps (ESPs), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Electrical Submersible Pumps (ESPs) by region & country, by Type, and by Application.

The Electrical Submersible Pumps (ESPs) market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. 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 Pumps (ESPs).

Market Segmentation

Report Metric
Details
Report Title
Electrical Submersible Pumps (ESPs) - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Forecasted Market Size in 2030
US$ 4337.2 million
CAGR(2024-2030)
5.3%
Market Size Available for Years
2019-2030
Global Electrical Submersible Pumps (ESPs) Companies Covered
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, Segment by Application
Oil & Gas

Others
Forecast Units
USD million in value
Report Coverage
Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (valve, volume and price). This chapter also provides 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 2: Detailed analysis of Electrical Submersible Pumps (ESPs) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: 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 4: 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 5: 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 market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Electrical Submersible Pumps (ESPs) in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: 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 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Table of Contents

 1 Market Overview
    1.1 Electrical Submersible Pumps (ESPs) Product Introduction
    1.2 Global Electrical Submersible Pumps (ESPs) Market Size Forecast
        1.2.1 Global Electrical Submersible Pumps (ESPs) Sales Value (2019-2030)
        1.2.2 Global Electrical Submersible Pumps (ESPs) Sales Volume (2019-2030)
        1.2.3 Global Electrical Submersible Pumps (ESPs) Sales Price (2019-2030)
    1.3 Electrical Submersible Pumps (ESPs) Market Trends & Drivers
        1.3.1 Electrical Submersible Pumps (ESPs) Industry Trends
        1.3.2 Electrical Submersible Pumps (ESPs) Market Drivers & Opportunity
        1.3.3 Electrical Submersible Pumps (ESPs) Market Challenges
        1.3.4 Electrical Submersible Pumps (ESPs) Market Restraints
    1.4 Assumptions and Limitations
    1.5 Study Objectives
    1.6 Years Considered

 2 Competitive Analysis by Company
    2.1 Global Electrical Submersible Pumps (ESPs) Players Revenue Ranking (2023)
    2.2 Global Electrical Submersible Pumps (ESPs) Revenue by Company (2019-2024)
    2.3 Global Electrical Submersible Pumps (ESPs) Players Sales Volume Ranking (2023)
    2.4 Global Electrical Submersible Pumps (ESPs) Sales Volume by Company Players (2019-2024)
    2.5 Global Electrical Submersible Pumps (ESPs) Average Price by Company (2019-2024)
    2.6 Key Manufacturers Electrical Submersible Pumps (ESPs) Manufacturing Base Distribution and Headquarters
    2.7 Key Manufacturers Electrical Submersible Pumps (ESPs) Product Offered
    2.8 Key Manufacturers Time to Begin Mass Production of Electrical Submersible Pumps (ESPs)
    2.9 Electrical Submersible Pumps (ESPs) Market Competitive Analysis
        2.9.1 Electrical Submersible Pumps (ESPs) Market Concentration Rate (2019-2024)
        2.9.2 Global 5 and 10 Largest Manufacturers by Electrical Submersible Pumps (ESPs) Revenue in 2023
        2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Electrical Submersible Pumps (ESPs) as of 2023)
    2.10 Mergers & Acquisitions, Expansion

 3 Segmentation by Type
    3.1 Introduction by Type
        3.1.1 Onshore
        3.1.2 Offshore
    3.2 Global Electrical Submersible Pumps (ESPs) Sales Value by Type
        3.2.1 Global Electrical Submersible Pumps (ESPs) Sales Value by Type (2019 VS 2023 VS 2030)
        3.2.2 Global Electrical Submersible Pumps (ESPs) Sales Value, by Type (2019-2030)
        3.2.3 Global Electrical Submersible Pumps (ESPs) Sales Value, by Type (%) (2019-2030)
    3.3 Global Electrical Submersible Pumps (ESPs) Sales Volume by Type
        3.3.1 Global Electrical Submersible Pumps (ESPs) Sales Volume by Type (2019 VS 2023 VS 2030)
        3.3.2 Global Electrical Submersible Pumps (ESPs) Sales Volume, by Type (2019-2030)
        3.3.3 Global Electrical Submersible Pumps (ESPs) Sales Volume, by Type (%) (2019-2030)
    3.4 Global Electrical Submersible Pumps (ESPs) Average Price by Type (2019-2030)

 4 Segmentation by Application
    4.1 Introduction by Application
        4.1.1 Oil & Gas
        4.1.2 Others
    4.2 Global Electrical Submersible Pumps (ESPs) Sales Value by Application
        4.2.1 Global Electrical Submersible Pumps (ESPs) Sales Value by Application (2019 VS 2023 VS 2030)
        4.2.2 Global Electrical Submersible Pumps (ESPs) Sales Value, by Application (2019-2030)
        4.2.3 Global Electrical Submersible Pumps (ESPs) Sales Value, by Application (%) (2019-2030)
    4.3 Global Electrical Submersible Pumps (ESPs) Sales Volume by Application
        4.3.1 Global Electrical Submersible Pumps (ESPs) Sales Volume by Application (2019 VS 2023 VS 2030)
        4.3.2 Global Electrical Submersible Pumps (ESPs) Sales Volume, by Application (2019-2030)
        4.3.3 Global Electrical Submersible Pumps (ESPs) Sales Volume, by Application (%) (2019-2030)
    4.4 Global Electrical Submersible Pumps (ESPs) Average Price by Application (2019-2030)

 5 Segmentation by Region
    5.1 Global Electrical Submersible Pumps (ESPs) Sales Value by Region
        5.1.1 Global Electrical Submersible Pumps (ESPs) Sales Value by Region: 2019 VS 2023 VS 2030
        5.1.2 Global Electrical Submersible Pumps (ESPs) Sales Value by Region (2019-2024)
        5.1.3 Global Electrical Submersible Pumps (ESPs) Sales Value by Region (2025-2030)
        5.1.4 Global Electrical Submersible Pumps (ESPs) Sales Value by Region (%), (2019-2030)
    5.2 Global Electrical Submersible Pumps (ESPs) Sales Volume by Region
        5.2.1 Global Electrical Submersible Pumps (ESPs) Sales Volume by Region: 2019 VS 2023 VS 2030
        5.2.2 Global Electrical Submersible Pumps (ESPs) Sales Volume by Region (2019-2024)
        5.2.3 Global Electrical Submersible Pumps (ESPs) Sales Volume by Region (2025-2030)
        5.2.4 Global Electrical Submersible Pumps (ESPs) Sales Volume by Region (%), (2019-2030)
    5.3 Global Electrical Submersible Pumps (ESPs) Average Price by Region (2019-2030)
    5.4 North America
        5.4.1 North America Electrical Submersible Pumps (ESPs) Sales Value, 2019-2030
        5.4.2 North America Electrical Submersible Pumps (ESPs) Sales Value by Country (%), 2023 VS 2030
    5.5 Europe
        5.5.1 Europe Electrical Submersible Pumps (ESPs) Sales Value, 2019-2030
        5.5.2 Europe Electrical Submersible Pumps (ESPs) Sales Value by Country (%), 2023 VS 2030
    5.6 Asia Pacific
        5.6.1 Asia Pacific Electrical Submersible Pumps (ESPs) Sales Value, 2019-2030
        5.6.2 Asia Pacific Electrical Submersible Pumps (ESPs) Sales Value by Country (%), 2023 VS 2030
    5.7 South America
        5.7.1 South America Electrical Submersible Pumps (ESPs) Sales Value, 2019-2030
        5.7.2 South America Electrical Submersible Pumps (ESPs) Sales Value by Country (%), 2023 VS 2030
    5.8 Middle East & Africa
        5.8.1 Middle East & Africa Electrical Submersible Pumps (ESPs) Sales Value, 2019-2030
        5.8.2 Middle East & Africa Electrical Submersible Pumps (ESPs) Sales Value by Country (%), 2023 VS 2030

 6 Segmentation by Key Countries/Regions
    6.1 Key Countries/Regions Electrical Submersible Pumps (ESPs) Sales Value Growth Trends, 2019 VS 2023 VS 2030
    6.2 Key Countries/Regions Electrical Submersible Pumps (ESPs) Sales Value
        6.2.1 Key Countries/Regions Electrical Submersible Pumps (ESPs) Sales Value, 2019-2030
        6.2.2 Key Countries/Regions Electrical Submersible Pumps (ESPs) Sales Volume, 2019-2030
    6.3 United States
        6.3.1 United States Electrical Submersible Pumps (ESPs) Sales Value, 2019-2030
        6.3.2 United States Electrical Submersible Pumps (ESPs) Sales Value by Type (%), 2023 VS 2030
        6.3.3 United States Electrical Submersible Pumps (ESPs) Sales Value by Application, 2023 VS 2030
    6.4 Europe
        6.4.1 Europe Electrical Submersible Pumps (ESPs) Sales Value, 2019-2030
        6.4.2 Europe Electrical Submersible Pumps (ESPs) Sales Value by Type (%), 2023 VS 2030
        6.4.3 Europe Electrical Submersible Pumps (ESPs) Sales Value by Application, 2023 VS 2030
    6.5 China
        6.5.1 China Electrical Submersible Pumps (ESPs) Sales Value, 2019-2030
        6.5.2 China Electrical Submersible Pumps (ESPs) Sales Value by Type (%), 2023 VS 2030
        6.5.3 China Electrical Submersible Pumps (ESPs) Sales Value by Application, 2023 VS 2030
    6.6 Japan
        6.6.1 Japan Electrical Submersible Pumps (ESPs) Sales Value, 2019-2030
        6.6.2 Japan Electrical Submersible Pumps (ESPs) Sales Value by Type (%), 2023 VS 2030
        6.6.3 Japan Electrical Submersible Pumps (ESPs) Sales Value by Application, 2023 VS 2030
    6.7 South Korea
        6.7.1 South Korea Electrical Submersible Pumps (ESPs) Sales Value, 2019-2030
        6.7.2 South Korea Electrical Submersible Pumps (ESPs) Sales Value by Type (%), 2023 VS 2030
        6.7.3 South Korea Electrical Submersible Pumps (ESPs) Sales Value by Application, 2023 VS 2030
    6.8 Southeast Asia
        6.8.1 Southeast Asia Electrical Submersible Pumps (ESPs) Sales Value, 2019-2030
        6.8.2 Southeast Asia Electrical Submersible Pumps (ESPs) Sales Value by Type (%), 2023 VS 2030
        6.8.3 Southeast Asia Electrical Submersible Pumps (ESPs) Sales Value by Application, 2023 VS 2030
    6.9 India
        6.9.1 India Electrical Submersible Pumps (ESPs) Sales Value, 2019-2030
        6.9.2 India Electrical Submersible Pumps (ESPs) Sales Value by Type (%), 2023 VS 2030
        6.9.3 India Electrical Submersible Pumps (ESPs) Sales Value by Application, 2023 VS 2030

 7 Company Profiles
    7.1 Grundfos Pumps Corporation,
        7.1.1 Grundfos Pumps Corporation, Company Information
        7.1.2 Grundfos Pumps Corporation, Introduction and Business Overview
        7.1.3 Grundfos Pumps Corporation, Electrical Submersible Pumps (ESPs) Sales, Revenue and Gross Margin (2019-2024)
        7.1.4 Grundfos Pumps Corporation, Electrical Submersible Pumps (ESPs) Product Offerings
        7.1.5 Grundfos Pumps Corporation, Recent Development
    7.2 Walrus America Inc,
        7.2.1 Walrus America Inc, Company Information
        7.2.2 Walrus America Inc, Introduction and Business Overview
        7.2.3 Walrus America Inc, Electrical Submersible Pumps (ESPs) Sales, Revenue and Gross Margin (2019-2024)
        7.2.4 Walrus America Inc, Electrical Submersible Pumps (ESPs) Product Offerings
        7.2.5 Walrus America Inc, Recent Development
    7.3 Baker Hughes Incorporated,
        7.3.1 Baker Hughes Incorporated, Company Information
        7.3.2 Baker Hughes Incorporated, Introduction and Business Overview
        7.3.3 Baker Hughes Incorporated, Electrical Submersible Pumps (ESPs) Sales, Revenue and Gross Margin (2019-2024)
        7.3.4 Baker Hughes Incorporated, Electrical Submersible Pumps (ESPs) Product Offerings
        7.3.5 Baker Hughes Incorporated, Recent Development
    7.4 Schlumberger Limited,
        7.4.1 Schlumberger Limited, Company Information
        7.4.2 Schlumberger Limited, Introduction and Business Overview
        7.4.3 Schlumberger Limited, Electrical Submersible Pumps (ESPs) Sales, Revenue and Gross Margin (2019-2024)
        7.4.4 Schlumberger Limited, Electrical Submersible Pumps (ESPs) Product Offerings
        7.4.5 Schlumberger Limited, Recent Development
    7.5 Halliburton Company,
        7.5.1 Halliburton Company, Company Information
        7.5.2 Halliburton Company, Introduction and Business Overview
        7.5.3 Halliburton Company, Electrical Submersible Pumps (ESPs) Sales, Revenue and Gross Margin (2019-2024)
        7.5.4 Halliburton Company, Electrical Submersible Pumps (ESPs) Product Offerings
        7.5.5 Halliburton Company, Recent Development
    7.6 Falcon Pumps Pvt. Ltd.,
        7.6.1 Falcon Pumps Pvt. Ltd., Company Information
        7.6.2 Falcon Pumps Pvt. Ltd., Introduction and Business Overview
        7.6.3 Falcon Pumps Pvt. Ltd., Electrical Submersible Pumps (ESPs) Sales, Revenue and Gross Margin (2019-2024)
        7.6.4 Falcon Pumps Pvt. Ltd., Electrical Submersible Pumps (ESPs) Product Offerings
        7.6.5 Falcon Pumps Pvt. Ltd., Recent Development
    7.7 Borets Company,
        7.7.1 Borets Company, Company Information
        7.7.2 Borets Company, Introduction and Business Overview
        7.7.3 Borets Company, Electrical Submersible Pumps (ESPs) Sales, Revenue and Gross Margin (2019-2024)
        7.7.4 Borets Company, Electrical Submersible Pumps (ESPs) Product Offerings
        7.7.5 Borets Company, Recent Development
    7.8 GE Oil & Gas,
        7.8.1 GE Oil & Gas, Company Information
        7.8.2 GE Oil & Gas, Introduction and Business Overview
        7.8.3 GE Oil & Gas, Electrical Submersible Pumps (ESPs) Sales, Revenue and Gross Margin (2019-2024)
        7.8.4 GE Oil & Gas, Electrical Submersible Pumps (ESPs) Product Offerings
        7.8.5 GE Oil & Gas, Recent Development
    7.9 JSC Novomet-Perm,
        7.9.1 JSC Novomet-Perm, Company Information
        7.9.2 JSC Novomet-Perm, Introduction and Business Overview
        7.9.3 JSC Novomet-Perm, Electrical Submersible Pumps (ESPs) Sales, Revenue and Gross Margin (2019-2024)
        7.9.4 JSC Novomet-Perm, Electrical Submersible Pumps (ESPs) Product Offerings
        7.9.5 JSC Novomet-Perm, Recent Development
    7.10 Torqueflow Sydex Ltd.,
        7.10.1 Torqueflow Sydex Ltd., Company Information
        7.10.2 Torqueflow Sydex Ltd., Introduction and Business Overview
        7.10.3 Torqueflow Sydex Ltd., Electrical Submersible Pumps (ESPs) Sales, Revenue and Gross Margin (2019-2024)
        7.10.4 Torqueflow Sydex Ltd., Electrical Submersible Pumps (ESPs) Product Offerings
        7.10.5 Torqueflow Sydex Ltd., Recent Development
    7.11 Weatherford International
        7.11.1 Weatherford International Company Information
        7.11.2 Weatherford International Introduction and Business Overview
        7.11.3 Weatherford International Electrical Submersible Pumps (ESPs) Sales, Revenue and Gross Margin (2019-2024)
        7.11.4 Weatherford International Electrical Submersible Pumps (ESPs) Product Offerings
        7.11.5 Weatherford International Recent Development

 8 Industry Chain Analysis
    8.1 Electrical Submersible Pumps (ESPs) Industrial Chain
    8.2 Electrical Submersible Pumps (ESPs) Upstream Analysis
        8.2.1 Key Raw Materials
        8.2.2 Raw Materials Key Suppliers
        8.2.3 Manufacturing Cost Structure
    8.3 Midstream Analysis
    8.4 Downstream Analysis (Customers Analysis)
    8.5 Sales Model and Sales Channels
        8.5.1 Electrical Submersible Pumps (ESPs) Sales Model
        8.5.2 Sales Channel
        8.5.3 Electrical Submersible Pumps (ESPs) Distributors

 9 Research Findings and Conclusion

 10 Appendix
    10.1 Research Methodology
        10.1.1 Methodology/Research Approach
        10.1.2 Data Source
    10.2 Author Details
    10.3 Disclaimer

Table of Figures

List of Tables
    Table 1. Electrical Submersible Pumps (ESPs) Market Trends
    Table 2. Electrical Submersible Pumps (ESPs) Market Drivers & Opportunity
    Table 3. Electrical Submersible Pumps (ESPs) Market Challenges
    Table 4. Electrical Submersible Pumps (ESPs) Market Restraints
    Table 5. Global Electrical Submersible Pumps (ESPs) Revenue by Company (2019-2024) & (US$ Million)
    Table 6. Global Electrical Submersible Pumps (ESPs) Revenue Market Share by Company (2019-2024)
    Table 7. Global Electrical Submersible Pumps (ESPs) Sales Volume by Company (2019-2024) & (K Units)
    Table 8. Global Electrical Submersible Pumps (ESPs) Sales Volume Market Share by Company (2019-2024)
    Table 9. Global Market Electrical Submersible Pumps (ESPs) Price by Company (2019-2024) & (USD/Unit)
    Table 10. Key Manufacturers Electrical Submersible Pumps (ESPs) Manufacturing Base Distribution and Headquarters
    Table 11. Key Manufacturers Electrical Submersible Pumps (ESPs) Product Type
    Table 12. Key Manufacturers Time to Begin Mass Production of Electrical Submersible Pumps (ESPs)
    Table 13. Global Electrical Submersible Pumps (ESPs) Manufacturers Market Concentration Ratio (CR5 and HHI)
    Table 14. Global Top Manufacturers Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Electrical Submersible Pumps (ESPs) as of 2023)
    Table 15. Mergers & Acquisitions, Expansion Plans
    Table 16. Global Electrical Submersible Pumps (ESPs) Sales Value by Type: 2019 VS 2023 VS 2030 (US$ Million)
    Table 17. Global Electrical Submersible Pumps (ESPs) Sales Value by Type (2019-2024) & (US$ Million)
    Table 18. Global Electrical Submersible Pumps (ESPs) Sales Value by Type (2025-2030) & (US$ Million)
    Table 19. Global Electrical Submersible Pumps (ESPs) Sales Market Share in Value by Type (2019-2024) & (%)
    Table 20. Global Electrical Submersible Pumps (ESPs) Sales Market Share in Value by Type (2025-2030) & (%)
    Table 21. Global Electrical Submersible Pumps (ESPs) Sales Volume by Type: 2019 VS 2023 VS 2030 (K Units)
    Table 22. Global Electrical Submersible Pumps (ESPs) Sales Volume by Type (2019-2024) & (K Units)
    Table 23. Global Electrical Submersible Pumps (ESPs) Sales Volume by Type (2025-2030) & (K Units)
    Table 24. Global Electrical Submersible Pumps (ESPs) Sales Market Share in Volume by Type (2019-2024) & (%)
    Table 25. Global Electrical Submersible Pumps (ESPs) Sales Market Share in Volume by Type (2025-2030) & (%)
    Table 26. Global Electrical Submersible Pumps (ESPs) Price by Type (2019-2024) & (USD/Unit)
    Table 27. Global Electrical Submersible Pumps (ESPs) Price by Type (2025-2030) & (USD/Unit)
    Table 28. Global Electrical Submersible Pumps (ESPs) Sales Value by Application: 2019 VS 2023 VS 2030 (US$ Million)
    Table 29. Global Electrical Submersible Pumps (ESPs) Sales Value by Application (2019-2024) & (US$ Million)
    Table 30. Global Electrical Submersible Pumps (ESPs) Sales Value by Application (2025-2030) & (US$ Million)
    Table 31. Global Electrical Submersible Pumps (ESPs) Sales Market Share in Value by Application (2019-2024) & (%)
    Table 32. Global Electrical Submersible Pumps (ESPs) Sales Market Share in Value by Application (2025-2030) & (%)
    Table 33. Global Electrical Submersible Pumps (ESPs) Sales Volume by Application: 2019 VS 2023 VS 2030 (K Units)
    Table 34. Global Electrical Submersible Pumps (ESPs) Sales Volume by Application (2019-2024) & (K Units)
    Table 35. Global Electrical Submersible Pumps (ESPs) Sales Volume by Application (2025-2030) & (K Units)
    Table 36. Global Electrical Submersible Pumps (ESPs) Sales Market Share in Volume by Application (2019-2024) & (%)
    Table 37. Global Electrical Submersible Pumps (ESPs) Sales Market Share in Volume by Application (2025-2030) & (%)
    Table 38. Global Electrical Submersible Pumps (ESPs) Price by Application (2019-2024) & (USD/Unit)
    Table 39. Global Electrical Submersible Pumps (ESPs) Price by Application (2025-2030) & (USD/Unit)
    Table 40. Global Electrical Submersible Pumps (ESPs) Sales Value by Region: 2019 VS 2023 VS 2030 (US$ Million)
    Table 41. Global Electrical Submersible Pumps (ESPs) Sales Value by Region (2019-2024) & (US$ Million)
    Table 42. Global Electrical Submersible Pumps (ESPs) Sales Value by Region (2025-2030) & (US$ Million)
    Table 43. Global Electrical Submersible Pumps (ESPs) Sales Value by Region (2019-2024) & (%)
    Table 44. Global Electrical Submersible Pumps (ESPs) Sales Value by Region (2025-2030) & (%)
    Table 45. Global Electrical Submersible Pumps (ESPs) Sales Volume by Region (K Units): 2019 VS 2023 VS 2030
    Table 46. Global Electrical Submersible Pumps (ESPs) Sales Volume by Region (2019-2024) & (K Units)
    Table 47. Global Electrical Submersible Pumps (ESPs) Sales Volume by Region (2025-2030) & (K Units)
    Table 48. Global Electrical Submersible Pumps (ESPs) Sales Volume by Region (2019-2024) & (%)
    Table 49. Global Electrical Submersible Pumps (ESPs) Sales Volume by Region (2025-2030) & (%)
    Table 50. Global Electrical Submersible Pumps (ESPs) Average Price by Region (2019-2024) & (USD/Unit)
    Table 51. Global Electrical Submersible Pumps (ESPs) Average Price by Region (2025-2030) & (USD/Unit)
    Table 52. Key Countries/Regions Electrical Submersible Pumps (ESPs) Sales Value Growth Trends, (US$ Million): 2019 VS 2023 VS 2030
    Table 53. Key Countries/Regions Electrical Submersible Pumps (ESPs) Sales Value, (2019-2024) & (US$ Million)
    Table 54. Key Countries/Regions Electrical Submersible Pumps (ESPs) Sales Value, (2025-2030) & (US$ Million)
    Table 55. Key Countries/Regions Electrical Submersible Pumps (ESPs) Sales Volume, (2019-2024) & (K Units)
    Table 56. Key Countries/Regions Electrical Submersible Pumps (ESPs) Sales Volume, (2025-2030) & (K Units)
    Table 57. Grundfos Pumps Corporation, Company Information
    Table 58. Grundfos Pumps Corporation, Introduction and Business Overview
    Table 59. Grundfos Pumps Corporation, Electrical Submersible Pumps (ESPs) Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024)
    Table 60. Grundfos Pumps Corporation, Electrical Submersible Pumps (ESPs) Product Offerings
    Table 61. Grundfos Pumps Corporation, Recent Development
    Table 62. Walrus America Inc, Company Information
    Table 63. Walrus America Inc, Introduction and Business Overview
    Table 64. Walrus America Inc, Electrical Submersible Pumps (ESPs) Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024)
    Table 65. Walrus America Inc, Electrical Submersible Pumps (ESPs) Product Offerings
    Table 66. Walrus America Inc, Recent Development
    Table 67. Baker Hughes Incorporated, Company Information
    Table 68. Baker Hughes Incorporated, Introduction and Business Overview
    Table 69. Baker Hughes Incorporated, Electrical Submersible Pumps (ESPs) Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024)
    Table 70. Baker Hughes Incorporated, Electrical Submersible Pumps (ESPs) Product Offerings
    Table 71. Baker Hughes Incorporated, Recent Development
    Table 72. Schlumberger Limited, Company Information
    Table 73. Schlumberger Limited, Introduction and Business Overview
    Table 74. Schlumberger Limited, Electrical Submersible Pumps (ESPs) Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024)
    Table 75. Schlumberger Limited, Electrical Submersible Pumps (ESPs) Product Offerings
    Table 76. Schlumberger Limited, Recent Development
    Table 77. Halliburton Company, Company Information
    Table 78. Halliburton Company, Introduction and Business Overview
    Table 79. Halliburton Company, Electrical Submersible Pumps (ESPs) Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024)
    Table 80. Halliburton Company, Electrical Submersible Pumps (ESPs) Product Offerings
    Table 81. Halliburton Company, Recent Development
    Table 82. Falcon Pumps Pvt. Ltd., Company Information
    Table 83. Falcon Pumps Pvt. Ltd., Introduction and Business Overview
    Table 84. Falcon Pumps Pvt. Ltd., Electrical Submersible Pumps (ESPs) Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024)
    Table 85. Falcon Pumps Pvt. Ltd., Electrical Submersible Pumps (ESPs) Product Offerings
    Table 86. Falcon Pumps Pvt. Ltd., Recent Development
    Table 87. Borets Company, Company Information
    Table 88. Borets Company, Introduction and Business Overview
    Table 89. Borets Company, Electrical Submersible Pumps (ESPs) Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024)
    Table 90. Borets Company, Electrical Submersible Pumps (ESPs) Product Offerings
    Table 91. Borets Company, Recent Development
    Table 92. GE Oil & Gas, Company Information
    Table 93. GE Oil & Gas, Introduction and Business Overview
    Table 94. GE Oil & Gas, Electrical Submersible Pumps (ESPs) Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024)
    Table 95. GE Oil & Gas, Electrical Submersible Pumps (ESPs) Product Offerings
    Table 96. GE Oil & Gas, Recent Development
    Table 97. JSC Novomet-Perm, Company Information
    Table 98. JSC Novomet-Perm, Introduction and Business Overview
    Table 99. JSC Novomet-Perm, Electrical Submersible Pumps (ESPs) Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024)
    Table 100. JSC Novomet-Perm, Electrical Submersible Pumps (ESPs) Product Offerings
    Table 101. JSC Novomet-Perm, Recent Development
    Table 102. Torqueflow Sydex Ltd., Company Information
    Table 103. Torqueflow Sydex Ltd., Introduction and Business Overview
    Table 104. Torqueflow Sydex Ltd., Electrical Submersible Pumps (ESPs) Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024)
    Table 105. Torqueflow Sydex Ltd., Electrical Submersible Pumps (ESPs) Product Offerings
    Table 106. Torqueflow Sydex Ltd., Recent Development
    Table 107. Weatherford International Company Information
    Table 108. Weatherford International Introduction and Business Overview
    Table 109. Weatherford International Electrical Submersible Pumps (ESPs) Sales (K Units), Revenue (US$ Million), Price (USD/Unit) and Gross Margin (2019-2024)
    Table 110. Weatherford International Electrical Submersible Pumps (ESPs) Product Offerings
    Table 111. Weatherford International Recent Development
    Table 112. Key Raw Materials Lists
    Table 113. Raw Materials Key Suppliers Lists
    Table 114. Electrical Submersible Pumps (ESPs) Downstream Customers
    Table 115. Electrical Submersible Pumps (ESPs) Distributors List
    Table 116. Research Programs/Design for This Report
    Table 117. Key Data Information from Secondary Sources
    Table 118. Key Data Information from Primary Sources
List of Figures
    Figure 1. Electrical Submersible Pumps (ESPs) Product Picture
    Figure 2. Global Electrical Submersible Pumps (ESPs) Sales Value, 2019 VS 2023 VS 2030 (US$ Million)
    Figure 3. Global Electrical Submersible Pumps (ESPs) Sales Value (2019-2030) & (US$ Million)
    Figure 4. Global Electrical Submersible Pumps (ESPs) Sales Volume (2019-2030) & (K Units)
    Figure 5. Global Electrical Submersible Pumps (ESPs) Sales Price (2019-2030) & (USD/Unit)
    Figure 6. Electrical Submersible Pumps (ESPs) Report Years Considered
    Figure 7. Global Electrical Submersible Pumps (ESPs) Players Revenue Ranking (2023) & (US$ Million)
    Figure 8. Global Electrical Submersible Pumps (ESPs) Players Sales Volume Ranking (2023) & (K Units)
    Figure 9. The 5 and 10 Largest Manufacturers in the World: Market Share by Electrical Submersible Pumps (ESPs) Revenue in 2023
    Figure 10. Electrical Submersible Pumps (ESPs) Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2019 VS 2023
    Figure 11. Onshore Picture
    Figure 12. Offshore Picture
    Figure 13. Global Electrical Submersible Pumps (ESPs) Sales Value by Type (2019 VS 2023 VS 2030) & (US$ Million)
    Figure 14. Global Electrical Submersible Pumps (ESPs) Sales Value Market Share by Type, 2023 & 2030
    Figure 15. Global Electrical Submersible Pumps (ESPs) Sales Volume by Type (2019 VS 2023 VS 2030) & (K Units)
    Figure 16. Global Electrical Submersible Pumps (ESPs) Sales Volume Market Share by Type, 2023 & 2030
    Figure 17. Global Electrical Submersible Pumps (ESPs) Price by Type (2019-2030) & (USD/Unit)
    Figure 18. Product Picture of Oil & Gas
    Figure 19. Product Picture of Others
    Figure 20. Global Electrical Submersible Pumps (ESPs) Sales Value by Application (2019 VS 2023 VS 2030) & (US$ Million)
    Figure 21. Global Electrical Submersible Pumps (ESPs) Sales Value Market Share by Application, 2023 & 2030
    Figure 22. Global Electrical Submersible Pumps (ESPs) Sales Volume by Application (2019 VS 2023 VS 2030) & (K Units)
    Figure 23. Global Electrical Submersible Pumps (ESPs) Sales Volume Market Share by Application, 2023 & 2030
    Figure 24. Global Electrical Submersible Pumps (ESPs) Price by Application (2019-2030) & (USD/Unit)
    Figure 25. North America Electrical Submersible Pumps (ESPs) Sales Value (2019-2030) & (US$ Million)
    Figure 26. North America Electrical Submersible Pumps (ESPs) Sales Value by Country (%), 2023 VS 2030
    Figure 27. Europe Electrical Submersible Pumps (ESPs) Sales Value (2019-2030) & (US$ Million)
    Figure 28. Europe Electrical Submersible Pumps (ESPs) Sales Value by Country (%), 2023 VS 2030
    Figure 29. Asia Pacific Electrical Submersible Pumps (ESPs) Sales Value (2019-2030) & (US$ Million)
    Figure 30. Asia Pacific Electrical Submersible Pumps (ESPs) Sales Value by Country (%), 2023 VS 2030
    Figure 31. South America Electrical Submersible Pumps (ESPs) Sales Value (2019-2030) & (US$ Million)
    Figure 32. South America Electrical Submersible Pumps (ESPs) Sales Value by Country (%), 2023 VS 2030
    Figure 33. Middle East & Africa Electrical Submersible Pumps (ESPs) Sales Value (2019-2030) & (US$ Million)
    Figure 34. Middle East & Africa Electrical Submersible Pumps (ESPs) Sales Value by Country (%), 2023 VS 2030
    Figure 35. Key Countries/Regions Electrical Submersible Pumps (ESPs) Sales Value (%), (2019-2030)
    Figure 36. Key Countries/Regions Electrical Submersible Pumps (ESPs) Sales Volume (%), (2019-2030)
    Figure 37. United States Electrical Submersible Pumps (ESPs) Sales Value, (2019-2030) & (US$ Million)
    Figure 38. United States Electrical Submersible Pumps (ESPs) Sales Value by Type (%), 2023 VS 2030
    Figure 39. United States Electrical Submersible Pumps (ESPs) Sales Value by Application (%), 2023 VS 2030
    Figure 40. Europe Electrical Submersible Pumps (ESPs) Sales Value, (2019-2030) & (US$ Million)
    Figure 41. Europe Electrical Submersible Pumps (ESPs) Sales Value by Type (%), 2023 VS 2030
    Figure 42. Europe Electrical Submersible Pumps (ESPs) Sales Value by Application (%), 2023 VS 2030
    Figure 43. China Electrical Submersible Pumps (ESPs) Sales Value, (2019-2030) & (US$ Million)
    Figure 44. China Electrical Submersible Pumps (ESPs) Sales Value by Type (%), 2023 VS 2030
    Figure 45. China Electrical Submersible Pumps (ESPs) Sales Value by Application (%), 2023 VS 2030
    Figure 46. Japan Electrical Submersible Pumps (ESPs) Sales Value, (2019-2030) & (US$ Million)
    Figure 47. Japan Electrical Submersible Pumps (ESPs) Sales Value by Type (%), 2023 VS 2030
    Figure 48. Japan Electrical Submersible Pumps (ESPs) Sales Value by Application (%), 2023 VS 2030
    Figure 49. South Korea Electrical Submersible Pumps (ESPs) Sales Value, (2019-2030) & (US$ Million)
    Figure 50. South Korea Electrical Submersible Pumps (ESPs) Sales Value by Type (%), 2023 VS 2030
    Figure 51. South Korea Electrical Submersible Pumps (ESPs) Sales Value by Application (%), 2023 VS 2030
    Figure 52. Southeast Asia Electrical Submersible Pumps (ESPs) Sales Value, (2019-2030) & (US$ Million)
    Figure 53. Southeast Asia Electrical Submersible Pumps (ESPs) Sales Value by Type (%), 2023 VS 2030
    Figure 54. Southeast Asia Electrical Submersible Pumps (ESPs) Sales Value by Application (%), 2023 VS 2030
    Figure 55. India Electrical Submersible Pumps (ESPs) Sales Value, (2019-2030) & (US$ Million)
    Figure 56. India Electrical Submersible Pumps (ESPs) Sales Value by Type (%), 2023 VS 2030
    Figure 57. India Electrical Submersible Pumps (ESPs) Sales Value by Application (%), 2023 VS 2030
    Figure 58. Electrical Submersible Pumps (ESPs) Industrial Chain
    Figure 59. Electrical Submersible Pumps (ESPs) Manufacturing Cost Structure
    Figure 60. Channels of Distribution (Direct Sales, and Distribution)
    Figure 61. Bottom-up and Top-down Approaches for This Report
    Figure 62. Data Triangulation
    Figure 63. Key Executives Interviewed

Description

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 market for Electrical Submersible Pumps (ESPs) was estimated to be worth US$ 2998.8 million in 2023 and is forecast to a readjusted size of US$ 4337.2 million by 2030 with 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.

Report Scope
This report aims to provide a comprehensive presentation of the global market for Electrical Submersible Pumps (ESPs), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Electrical Submersible Pumps (ESPs) by region & country, by Type, and by Application.

The Electrical Submersible Pumps (ESPs) market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. 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 Pumps (ESPs).

Market Segmentation