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Global Electrical Submersible Pumps ESPs Market Research Report 2025(Status and Outlook)

Publisher Bosson Research
Published Aug 01, 2025
Length 149 Pages
SKU # BOSS20300993

Description

Report Overview

Electrical Submersible Pumps (ESPs) are multistage centrifugal pumps designed to operate submerged in wellbore fluids, primarily used in the oil and gas industry to enhance production by lifting hydrocarbons from reservoirs to the surface. These pumps consist of a series of impellers and diffusers powered by a downhole electric motor, making them highly efficient for high-volume artificial lift applications in deep or deviated wells. ESPs are favored for their ability to handle large fluid volumes, operate under high-pressure conditions, and maintain consistent flow rates, though they require stable power supply and regular maintenance due to their susceptibility to sand, gas, and corrosive fluids. Their adoption is critical in mature fields where natural reservoir pressure declines, ensuring continuous extraction and maximizing recovery rates.

The global ESP market is driven by increasing oilfield activities, particularly in offshore and unconventional reserves, alongside the growing demand for enhanced oil recovery (EOR) techniques. Key markets include North America (dominated by shale operations), the Middle East (high-production conventional fields), and Asia-Pacific (rising energy demand). Technological advancements, such as modular ESP systems and gas-handling designs, are addressing operational challenges, while digital monitoring tools optimize performance and reduce downtime. However, market growth faces constraints from volatile oil prices, high installation costs, and competition from alternative lift methods like rod pumps and hydraulic fracturing. Sustainability trends are also pushing manufacturers to develop energy-efficient models. Leading players include Schlumberger, Baker Hughes, Halliburton, and Borets, who focus on R&D and strategic partnerships to consolidate market share. The ESP industry remains pivotal in upstream operations, with demand closely tied to global energy dynamics and exploration investments.

The global Electrical Submersible Pumps ESPs market size was estimated at USD 12919.64 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 3.03% during the forecast period.

This report provides a deep insight into the global Electrical Submersible Pumps ESPs market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Electrical Submersible Pumps ESPs Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Electrical Submersible Pumps ESPs market in any manner.

Global Electrical Submersible Pumps ESPs Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Grundfos Pumps Corporation,

Walrus America Inc,

Baker Hughes Incorporated,

Schlumberger Limited,

Halliburton Company,

Falcon Pumps Pvt. Ltd.,

Borets Company,

GE Oil and Gas,

JSC Novomet-Perm,

Torqueflow Sydex Ltd.,

Weatherford International

Market Segmentation (by Type)

Onshore

Offshore

Market Segmentation (by Application)

Oil and Gas

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Electrical Submersible Pumps ESPs Market

Overview of the regional outlook of the Electrical Submersible Pumps ESPs Market:

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, 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 Electrical Submersible Pumps ESPs Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the 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 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to 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 8 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 capacity of each country in the world.

Chapter 9 shares the main producing countries of Electrical Submersible Pumps ESPs, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.

Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.

Chapter 13 is the main points and conclusions of the report.

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

Table of Contents

149 Pages
1 Research Methodology And Statistical Scope
1.1 Market Definition And Statistical Scope Of Electrical Submersible Pumps Esps
1.2 Key Market Segments
1.2.1 Electrical Submersible Pumps Esps Segment By Type
1.2.2 Electrical Submersible Pumps Esps Segment By Application
1.3 Methodology & Sources Of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown And Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Electrical Submersible Pumps Esps Market Overview
2.1 Global Market Overview
2.1.1 Global Electrical Submersible Pumps Esps Market Size (M Usd) Estimates And Forecasts (2020-2033)
2.1.2 Global Electrical Submersible Pumps Esps Sales Estimates And Forecasts (2020-2033)
2.2 Market Segment Executive Summary
2.3 Global Market Size By Region
3 Electrical Submersible Pumps Esps Market Competitive Landscape
3.1 Company Assessment Quadrant
3.2 Global Electrical Submersible Pumps Esps Product Life Cycle
3.3 Global Electrical Submersible Pumps Esps Sales By Manufacturers (2020-2025)
3.4 Global Electrical Submersible Pumps Esps Revenue Market Share By Manufacturers (2020-2025)
3.5 Electrical Submersible Pumps Esps Market Share By Company Type (Tier 1, Tier 2, And Tier 3)
3.6 Global Electrical Submersible Pumps Esps Average Price By Manufacturers (2020-2025)
3.7 Manufacturers’ Manufacturing Sites, Areas Served, And Product Types
3.8 Electrical Submersible Pumps Esps Market Competitive Situation And Trends
3.8.1 Electrical Submersible Pumps Esps Market Concentration Rate
3.8.2 Global 5 And 10 Largest Electrical Submersible Pumps Esps Players Market Share By Revenue
3.8.3 Mergers & Acquisitions, Expansion
4 Electrical Submersible Pumps Esps Industry Chain Analysis
4.1 Electrical Submersible Pumps Esps Industry Chain Analysis
4.2 Market Overview Of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development And Dynamics Of Electrical Submersible Pumps Esps Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Industry News
5.4.1 New Product Developments
5.4.2 Mergers & Acquisitions
5.4.3 Expansions
5.4.4 Collaboration/Supply Contracts
5.5 Pest Analysis
5.5.1 Industry Policies Analysis
5.5.2 Economic Environment Analysis
5.5.3 Social Environment Analysis
5.5.4 Technological Environment Analysis
5.6 Global Electrical Submersible Pumps Esps Market Porter's Five Forces Analysis
5.6.1 Global Trade Frictions
5.6.2 U.S. Tariff Policy – April 2025
5.6.3 Global Trade Frictions And Their Impacts To Electrical Submersible Pumps Esps Market
5.7 Esg Ratings Of Leading Companies
6 Electrical Submersible Pumps Esps Market Segmentation By Type
6.1 Evaluation Matrix Of Segment Market Development Potential (Type)
6.2 Global Electrical Submersible Pumps Esps Sales Market Share By Type (2020-2025)
6.3 Global Electrical Submersible Pumps Esps Market Size Market Share By Type (2020-2025)
6.4 Global Electrical Submersible Pumps Esps Price By Type (2020-2025)
7 Electrical Submersible Pumps Esps Market Segmentation By Application
7.1 Evaluation Matrix Of Segment Market Development Potential (Application)
7.2 Global Electrical Submersible Pumps Esps Market Sales By Application (2020-2025)
7.3 Global Electrical Submersible Pumps Esps Market Size (M Usd) By Application (2020-2025)
7.4 Global Electrical Submersible Pumps Esps Sales Growth Rate By Application (2020-2025)
8 Electrical Submersible Pumps Esps Market Sales By Region
8.1 Global Electrical Submersible Pumps Esps Sales By Region
8.1.1 Global Electrical Submersible Pumps Esps Sales By Region
8.1.2 Global Electrical Submersible Pumps Esps Sales Market Share By Region
8.2 Global Electrical Submersible Pumps Esps Market Size By Region
8.2.1 Global Electrical Submersible Pumps Esps Market Size By Region
8.2.2 Global Electrical Submersible Pumps Esps Market Size Market Share By Region
8.3 North America
8.3.1 North America Electrical Submersible Pumps Esps Sales By Country
8.3.2 North America Electrical Submersible Pumps Esps Market Size By Country
8.3.3 U.S. Market Overview
8.3.4 Canada Market Overview
8.3.5 Mexico Market Overview
8.4 Europe
8.4.1 Europe Electrical Submersible Pumps Esps Sales By Country
8.4.2 Europe Electrical Submersible Pumps Esps Market Size By Country
8.4.3 Germany Market Overview
8.4.4 France Market Overview
8.4.5 U.K. Market Overview
8.4.6 Italy Market Overview
8.4.7 Spain Market Overview
8.5 Asia Pacific
8.5.1 Asia Pacific Electrical Submersible Pumps Esps Sales By Region
8.5.2 Asia Pacific Electrical Submersible Pumps Esps Market Size By Region
8.5.3 China Market Overview
8.5.4 Japan Market Overview
8.5.5 South Korea Market Overview
8.5.6 India Market Overview
8.5.7 Southeast Asia Market Overview
8.6 South America
8.6.1 South America Electrical Submersible Pumps Esps Sales By Country
8.6.2 South America Electrical Submersible Pumps Esps Market Size By Country
8.6.3 Brazil Market Overview
8.6.4 Argentina Market Overview
8.6.5 Columbia Market Overview
8.7 Middle East And Africa
8.7.1 Middle East And Africa Electrical Submersible Pumps Esps Sales By Region
8.7.2 Middle East And Africa Electrical Submersible Pumps Esps Market Size By Region
8.7.3 Saudi Arabia Market Overview
8.7.4 Uae Market Overview
8.7.5 Egypt Market Overview
8.7.6 Nigeria Market Overview
8.7.7 South Africa Market Overview
9 Electrical Submersible Pumps Esps Market Production By Region
9.1 Global Production Of Electrical Submersible Pumps Esps By Region(2020-2025)
9.2 Global Electrical Submersible Pumps Esps Revenue Market Share By Region (2020-2025)
9.3 Global Electrical Submersible Pumps Esps Production, Revenue, Price And Gross Margin (2020-2025)
9.4 North America Electrical Submersible Pumps Esps Production
9.4.1 North America Electrical Submersible Pumps Esps Production Growth Rate (2020-2025)
9.4.2 North America Electrical Submersible Pumps Esps Production, Revenue, Price And Gross Margin (2020-2025)
9.5 Europe Electrical Submersible Pumps Esps Production
9.5.1 Europe Electrical Submersible Pumps Esps Production Growth Rate (2020-2025)
9.5.2 Europe Electrical Submersible Pumps Esps Production, Revenue, Price And Gross Margin (2020-2025)
9.6 Japan Electrical Submersible Pumps Esps Production (2020-2025)
9.6.1 Japan Electrical Submersible Pumps Esps Production Growth Rate (2020-2025)
9.6.2 Japan Electrical Submersible Pumps Esps Production, Revenue, Price And Gross Margin (2020-2025)
9.7 China Electrical Submersible Pumps Esps Production (2020-2025)
9.7.1 China Electrical Submersible Pumps Esps Production Growth Rate (2020-2025)
9.7.2 China Electrical Submersible Pumps Esps Production, Revenue, Price And Gross Margin (2020-2025)
10 Key Companies Profile
10.1 Grundfos Pumps Corporation,
10.1.1 Grundfos Pumps Corporation, Basic Information
10.1.2 Grundfos Pumps Corporation, Electrical Submersible Pumps Esps Product Overview
10.1.3 Grundfos Pumps Corporation, Electrical Submersible Pumps Esps Product Market Performance
10.1.4 Grundfos Pumps Corporation, Business Overview
10.1.5 Grundfos Pumps Corporation, Swot Analysis
10.1.6 Grundfos Pumps Corporation, Recent Developments
10.2 Walrus America Inc,
10.2.1 Walrus America Inc, Basic Information
10.2.2 Walrus America Inc, Electrical Submersible Pumps Esps Product Overview
10.2.3 Walrus America Inc, Electrical Submersible Pumps Esps Product Market Performance
10.2.4 Walrus America Inc, Business Overview
10.2.5 Walrus America Inc, Swot Analysis
10.2.6 Walrus America Inc, Recent Developments
10.3 Baker Hughes Incorporated,
10.3.1 Baker Hughes Incorporated, Basic Information
10.3.2 Baker Hughes Incorporated, Electrical Submersible Pumps Esps Product Overview
10.3.3 Baker Hughes Incorporated, Electrical Submersible Pumps Esps Product Market Performance
10.3.4 Baker Hughes Incorporated, Business Overview
10.3.5 Baker Hughes Incorporated, Swot Analysis
10.3.6 Baker Hughes Incorporated, Recent Developments
10.4 Schlumberger Limited,
10.4.1 Schlumberger Limited, Basic Information
10.4.2 Schlumberger Limited, Electrical Submersible Pumps Esps Product Overview
10.4.3 Schlumberger Limited, Electrical Submersible Pumps Esps Product Market Performance
10.4.4 Schlumberger Limited, Business Overview
10.4.5 Schlumberger Limited, Recent Developments
10.5 Halliburton Company,
10.5.1 Halliburton Company, Basic Information
10.5.2 Halliburton Company, Electrical Submersible Pumps Esps Product Overview
10.5.3 Halliburton Company, Electrical Submersible Pumps Esps Product Market Performance
10.5.4 Halliburton Company, Business Overview
10.5.5 Halliburton Company, Recent Developments
10.6 Falcon Pumps Pvt. Ltd.,
10.6.1 Falcon Pumps Pvt. Ltd., Basic Information
10.6.2 Falcon Pumps Pvt. Ltd., Electrical Submersible Pumps Esps Product Overview
10.6.3 Falcon Pumps Pvt. Ltd., Electrical Submersible Pumps Esps Product Market Performance
10.6.4 Falcon Pumps Pvt. Ltd., Business Overview
10.6.5 Falcon Pumps Pvt. Ltd., Recent Developments
10.7 Borets Company,
10.7.1 Borets Company, Basic Information
10.7.2 Borets Company, Electrical Submersible Pumps Esps Product Overview
10.7.3 Borets Company, Electrical Submersible Pumps Esps Product Market Performance
10.7.4 Borets Company, Business Overview
10.7.5 Borets Company, Recent Developments
10.8 Ge Oil And Gas,
10.8.1 Ge Oil And Gas, Basic Information
10.8.2 Ge Oil And Gas, Electrical Submersible Pumps Esps Product Overview
10.8.3 Ge Oil And Gas, Electrical Submersible Pumps Esps Product Market Performance
10.8.4 Ge Oil And Gas, Business Overview
10.8.5 Ge Oil And Gas, Recent Developments
10.9 Jsc Novomet-perm,
10.9.1 Jsc Novomet-perm, Basic Information
10.9.2 Jsc Novomet-perm, Electrical Submersible Pumps Esps Product Overview
10.9.3 Jsc Novomet-perm, Electrical Submersible Pumps Esps Product Market Performance
10.9.4 Jsc Novomet-perm, Business Overview
10.9.5 Jsc Novomet-perm, Recent Developments
10.10 Torqueflow Sydex Ltd.,
10.10.1 Torqueflow Sydex Ltd., Basic Information
10.10.2 Torqueflow Sydex Ltd., Electrical Submersible Pumps Esps Product Overview
10.10.3 Torqueflow Sydex Ltd., Electrical Submersible Pumps Esps Product Market Performance
10.10.4 Torqueflow Sydex Ltd., Business Overview
10.10.5 Torqueflow Sydex Ltd., Recent Developments
10.11 Weatherford International
10.11.1 Weatherford International Basic Information
10.11.2 Weatherford International Electrical Submersible Pumps Esps Product Overview
10.11.3 Weatherford International Electrical Submersible Pumps Esps Product Market Performance
10.11.4 Weatherford International Business Overview
10.11.5 Weatherford International Recent Developments
11 Electrical Submersible Pumps Esps Market Forecast By Region
11.1 Global Electrical Submersible Pumps Esps Market Size Forecast
11.2 Global Electrical Submersible Pumps Esps Market Forecast By Region
11.2.1 North America Market Size Forecast By Country
11.2.2 Europe Electrical Submersible Pumps Esps Market Size Forecast By Country
11.2.3 Asia Pacific Electrical Submersible Pumps Esps Market Size Forecast By Region
11.2.4 South America Electrical Submersible Pumps Esps Market Size Forecast By Country
11.2.5 Middle East And Africa Forecasted Sales Of Electrical Submersible Pumps Esps By Country
12 Forecast Market By Type And By Application (2026-2033)
12.1 Global Electrical Submersible Pumps Esps Market Forecast By Type (2026-2033)
12.1.1 Global Forecasted Sales Of Electrical Submersible Pumps Esps By Type (2026-2033)
12.1.2 Global Electrical Submersible Pumps Esps Market Size Forecast By Type (2026-2033)
12.1.3 Global Forecasted Price Of Electrical Submersible Pumps Esps By Type (2026-2033)
12.2 Global Electrical Submersible Pumps Esps Market Forecast By Application (2026-2033)
12.2.1 Global Electrical Submersible Pumps Esps Sales (K Units) Forecast By Application
12.2.2 Global Electrical Submersible Pumps Esps Market Size (M Usd) Forecast By Application (2026-2033)
13 Conclusion And Key Findings
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