Growth Factors of Electric Submersible Pumps Market
The global electric submersible pumps market size was valued at USD 9.43 billion in 2018 and is projected tgrow tUSD 21.24 billion by 2032, exhibiting a CAGR of 6.02% during the forecast period of 2019-2032.
The COVID-19 pandemic significantly impacted the Electric Submersible Pumps (ESP) market due tdisruptions in delivery chains, decreased industrial sports, and a decline in oil and gas exploration initiatives. However, the gradual restoration of international energy calls for accelerated attention on water management throughout the pandemic, which has supported marketplace stabilization and future increase possibilities, impeding the electric submersible pumps market growth.
The boom of the electric submersible pump (ESP) marketplace is pushed by using growing electricity calls for rising oil and fuel exploration activities and the desire for green water control answers. Additionally, advancements in pump technology and increasing investments in infrastructure development throughout emerging economies improve market enlargement.
The Electric Submersible Pumps (ESP) market is experiencing a considerable boom, driven by a growing call for green and reliable water extraction answers throughout numerous sectors, including agriculture, municipal water supply, and oil & gas extraction, leading tthe expansion of electric submersible pumps market share globally. Key trends include the development of excessive-efficiency motors, advanced materials for stepped-forward sturdiness and corrosion resistance, and combining clever technologies like IoT and AI for predictive maintenance and faraway tracking, enhancing operational performance and decreasing downtime.
Comprehensive Analysis of Electric Submersible Pumps Market
The Electric Submersible Pumps (ESP) Market is segmented via operation, capability, kind, and cease-user. Multi-level pumps dominate the operation phase due ttheir versatility, reliability, and performance, even as unmarried-degree pumps grow step by step for robust solutions under low-head situations. High-potential pumps lead the capacity phase, excelling in heavy-duty programs like oil & gasoline and mining, whilst medium and coffee-capacity pumps deal with wastewater control and residential needs. In the sort section, borewell pumps maintain a tremendous percentage due ttheir suitability for irrigation and commercial programs, with open proper pumps gaining traction for ease of use and green cooling. The give-up-person evaluation highlights the water & wastewater quarter as the dominant player, pushed through sewage management desires. At the same time, agriculture, mining, oil & gas, creation, chemicals, and residential & industrial sectors contribute significantly tmarketplace growth.
The Asia Pacific region led the electric submersible pumps market by benefitting a size of USD 3.13 billion in 2018 due ta speedy shift in the city population, a sturdy agricultural heritage, and developing hydrocarbon extraction and mining sports.
The leading players inside the electric powered submersible pumps market drastically have an impact on its increase trajectory and set industry requirements. These key players, together with Sulzer, Kirloskar Brothers Limited, Oddesse Pumpen- und Motorenfabrik GmbH, KSB Company, Multiquip Inc., GRUNDFOS, Hitachi America, Xylem Inc., Caprari, Crompton Greaves Consumer Electricals Limited, Weatherford, TSURUMI PUMP, ZUWA-Zumpe GmbH, Homa Pumpenfabrik GmbH, and Quadt Kunststoffapparatebau GmbH, contribute ta competitive landscape, using innovation and market development.
In July 2021, Aramco, a Saudi-based totally era agency, announced a worldwide commercialization agreement with AccessESP tintroduce OK cleanup services and the JumpStart flowback solution. The JumpStart provider uses a tubing-deployed electric submersible pump (ESP) device tefficiently, effectively, and quickly fill gas and oil wells following drilling or workover operations.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Historical Period 2015-2017
Unit Value (USD Billion)
Segmentation By Operation
Single-Stage
Multi-Stage
By Capacity
Low
Medium
High
By Type
Open Well
Borewell
By End-User
Residential & Commercial
Water & Wastewater
Mining
Agriculture
Oil & Gas
Chemicals
Construction
Others
By Region
North America (U.S. and Canada)
Europe (UK, Germany, France, Italy, Russia, and the Rest of Europe)
Asia Pacific (China, India, Japan, Australia, Southeast Asia, and the Rest of Asia Pacific)
Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa)
Latin America (Brazil, Mexico, and Rest of Latin America)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
- 5. Global Electric Submersible Pumps Market Analysis (USD Billion), Insights and Forecast, 2015-2026
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Operation
- 5.2.1. Single-Stage
- 5.2.2. Multi-Stage
- 5.3. Market Analysis, Insights and Forecast – By Capacity
- 5.3.1. Low
- 5.3.2. Medium
- 5.3.3. High
- 5.4. Market Analysis, Insights and Forecast – By Type
- 5.4.1. Open well
- 5.4.2. Borewell
- 5.5. Market Analysis, Insights and Forecast – By End-User
- 5.5.1. Residential & Commercial
- 5.5.2. Water & Wastewater
- 5.5.3. Mining
- 5.5.4. Agriculture
- 5.5.5. Oil & Gas
- 5.5.6. Chemicals
- 5.5.7. Construction
- 5.5.8. Others
- 5.6. Market Analysis, Insights and Forecast – By Region
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Latin America
- 5.6.5. Middle East & Africa
- 6. North America Electric Submersible Pumps Market Analysis (USD Billion), Insights and Forecast, 2015-2026
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Operation
- 6.2.1. Single-Stage
- 6.2.2. Multi-Stage
- 6.3. Market Analysis, Insights and Forecast – By Capacity
- 6.3.1. Low
- 6.3.2. Medium
- 6.3.3. High
- 6.4. Market Analysis, Insights and Forecast – By Type
- 6.4.1. Open well
- 6.4.2. Borewell
- 6.5. Market Analysis, Insights and Forecast – By End-User
- 6.5.1. Residential & Commercial
- 6.5.2. Water & Wastewater
- 6.5.3. Mining
- 6.5.4. Agriculture
- 6.5.5. Oil & Gas
- 6.5.6. Chemicals
- 6.5.7. Construction
- 6.5.8. Others
- 6.6. Market Analysis, Insights and Forecast – By Country
- 6.6.1. U.S.
- 6.6.2. Canada
- 7. Europe Electric Submersible Pumps Market Analysis (USD Billion), Insights and Forecast, 2015-2026
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Operation
- 7.2.1. Single-Stage
- 7.2.2. Multi-Stage
- 7.3. Market Analysis, Insights and Forecast – By Capacity
- 7.3.1. Low
- 7.3.2. Medium
- 7.3.3. High
- 7.4. Market Analysis, Insights and Forecast – By Type
- 7.4.1. Open well
- 7.4.2. Borewell
- 7.5. Market Analysis, Insights and Forecast – By End-User
- 7.5.1. Residential & Commercial
- 7.5.2. Water & Wastewater
- 7.5.3. Mining
- 7.5.4. Agriculture
- 7.5.5. Oil & Gas
- 7.5.6. Chemicals
- 7.5.7. Construction
- 7.5.8. Others
- 7.6. Insights and Forecast – By Country
- 7.6.1. UK
- 7.6.2. Germany
- 7.6.3. France
- 7.6.4. Italy
- 7.6.5. Russia
- 7.6.6. Rest of Europe
- 8. Asia Pacific Electric Submersible Pumps Market Analysis (USD Billion), Insights and Forecast, 2015-2026
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Operation
- 8.2.1. Single-Stage
- 8.2.2. Multi-Stage
- 8.3. Market Analysis, Insights and Forecast – By Capacity
- 8.3.1. Low
- 8.3.2. Medium
- 8.3.3. High
- 8.4. Market Analysis, Insights and Forecast – By Type
- 8.4.1. Open well
- 8.4.2. Borewell
- 8.5. Market Analysis, Insights and Forecast – By End-User
- 8.5.1. Residential & Commercial
- 8.5.2. Water & Wastewater
- 8.5.3. Mining
- 8.5.4. Agriculture
- 8.5.5. Oil & Gas
- 8.5.6. Chemicals
- 8.5.7. Construction
- 8.5.8. Others
- 8.6. Market Analysis, Insights and Forecast – By Country
- 8.6.1. China
- 8.6.2. India
- 8.6.3. Japan
- 8.6.4. Australia
- 8.6.5. Southeast Asia
- 8.6.6. Rest of Asia Pacific
- 9. Latin America Electric Submersible Pumps Market Analysis (USD Billion), Insights and Forecast, 2015-2026
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Operation
- 9.2.1. Single-Stage
- 9.2.2. Multi-Stage
- 9.3. Market Analysis, Insights and Forecast – By Capacity
- 9.3.1. Low
- 9.3.2. Medium
- 9.3.3. High
- 9.4. Market Analysis, Insights and Forecast – By Type
- 9.4.1. Open well
- 9.4.2. Borewell
- 9.5. Market Analysis, Insights and Forecast – By End-User
- 9.5.1. Residential & Commercial
- 9.5.2. Water & Wastewater
- 9.5.3. Mining
- 9.5.4. Agriculture
- 9.5.5. Oil & Gas
- 9.5.6. Chemicals
- 9.5.7. Construction
- 9.5.8. Others
- 9.6. Market Analysis, Insights and Forecast – By Country
- 9.6.1. Brazil
- 9.6.2. Mexico
- 9.6.3. Rest of Latin America
- 10. Middle East & Africa Electric Submersible Pumps Market Analysis (USD Billion), Insights and Forecast, 2015-2026
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Operation
- 10.2.1. Single-Stage
- 10.2.2. Multi-Stage
- 10.3. Market Analysis, Insights and Forecast – By Capacity
- 10.3.1. Low
- 10.3.2. Medium
- 10.3.3. High
- 10.4. Market Analysis, Insights and Forecast – By Type
- 10.4.1. Open well
- 10.4.2. Borewell
- 10.5. Market Analysis, Insights and Forecast – By End-User
- 10.5.1. Residential & Commercial
- 10.5.2. Water & Wastewater
- 10.5.3. Mining
- 10.5.4. Agriculture
- 10.5.5. Oil & Gas
- 10.5.6. Chemicals
- 10.5.7. Construction
- 10.5.8. Others
- 10.6. Market Analysis, Insights and Forecast – By Country
- 10.6.1. GCC
- 10.6.2. South Africa
- 10.6.3. Rest of the Middle East & Africa
- 11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Company Profile
- 11.2.1. Weatherford
- 11.2.1.1. Business Overview
- 11.2.1.2. Product & Service Offering
- 11.2.1.3. Overall Revenue
- 11.2.1.4. Geographic Presence
- 11.2.1.5. Recent Development
- 11.2.2. Sulzer
- 11.2.2.1. Business Overview
- 11.2.2.2. Product & Service Offering
- 11.2.2.3. Overall Revenue
- 11.2.2.4. Geographic Presence
- 11.2.2.5. Recent Development
- 11.2.3. TSURUMI PUMP
- 11.2.3.1. Business Overview
- 11.2.3.2. Product & Service Offering
- 11.2.3.3. Overall Revenue
- 11.2.3.4. Geographic Presence
- 11.2.3.5. Recent Development
- 11.2.4. ZUWA-Zumpe GmbH
- 11.2.4.1. Business Overview
- 11.2.4.2. Product & Service Offering
- 11.2.4.3. Overall Revenue
- 11.2.4.4. Geographic Presence
- 11.2.4.5. Recent Development
- 11.2.5. Homa Pumpenfabrik GmbH
- 11.2.5.1. Business Overview
- 11.2.5.2. Product & Service Offering
- 11.2.5.3. Overall Revenue
- 11.2.5.4. Geographic Presence
- 11.2.5.5. Recent Development
- 11.2.6. Quadt Kunststoffapparatebau GmbH
- 11.2.6.1. Business Overview
- 11.2.6.2. Product & Service Offering
- 11.2.6.3. Overall Revenue
- 11.2.6.4. Geographic Presence
- 11.2.6.5. Recent Development
- 11.2.7. Kirloskar Brothers Limited
- 11.2.7.1. Business Overview
- 11.2.7.2. Product & Service Offering
- 11.2.7.3. Overall Revenue
- 11.2.7.4. Geographic Presence
- 11.2.7.5. Recent Development
- 11.2.8. oddesse Pumpen- Und Motorenfabrik GmbH
- 11.2.8.1. Business Overview
- 11.2.8.2. Product & Service Offering
- 11.2.8.3. Overall Revenue
- 11.2.8.4. Geographic Presence
- 11.2.8.5. Recent Development
- 11.2.9. KSB Company
- 11.2.9.1. Business Overview
- 11.2.9.2. Product & Service Offering
- 11.2.9.3. Overall Revenue
- 11.2.9.4. Geographic Presence
- 11.2.9.5. Recent Development
- 11.2.10. Multiquip Inc.
- 11.2.10.1. Business Overview
- 11.2.10.2. Product & Service Offering
- 11.2.10.3. Overall Revenue
- 11.2.10.4. Geographic Presence
- 11.2.10.5. Recent Development
- 11.2.11. GRUNDFOS
- 11.2.11.1. Business Overview
- 11.2.11.2. Product & Service Offering
- 11.2.11.3. Overall Revenue
- 11.2.11.4. Geographic Presence
- 11.2.11.5. Recent Development
- 11.2.12. Hitachi America
- 11.2.12.1. Business Overview
- 11.2.12.2. Product & Service Offering
- 11.2.12.3. Overall Revenue
- 11.2.12.4. Geographic Presence
- 11.2.12.5. Recent Development
- 11.2.13. Xylem Inc.
- 11.2.13.1. Business Overview
- 11.2.13.2. Product & Service Offering
- 11.2.13.3. Overall Revenue
- 11.2.13.4. Geographic Presence
- 11.2.13.5. Recent Development
- 11.2.14. Caprari
- 11.2.14.1. Business Overview
- 11.2.14.2. Product & Service Offering
- 11.2.14.3. Overall Revenue
- 11.2.14.4. Geographic Presence
- 11.2.14.5. Recent Development
- 11.2.15. Crompton Greaves Consumer Electricals Limited
- 11.2.15.1. Business Overview
- 11.2.15.2. Product & Service Offering
- 11.2.15.3. Overall Revenue
- 11.2.15.4. Geographic Presence
- 11.2.15.5. Recent Development "
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