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Electric Submersible Pump Manufacturing in the US - Industry Market Research Report

Electric Submersible Pump Manufacturing

The Electric Submersible Pump (ESP) Manufacturing industry is dependent on demand from upstream oil and gas exploration and production companies. As crude oil and natural gas prices crashed beginning late 2014, industry revenue subsequently deteriorated over the five years to 2017. Oil prices, which exceeded $100.00 per barrel in 2013, have fallen sharply since the end of 2014 due to global oversupply. By the end of 2017, the price of crude oil is expected to have lost about half its value since the beginning of the period, forcing losses on oil and gas companies and limiting their demand for ESPs. Fortunately for the industry, oil prices are expected to rebound over the next five years as major producers tighten supply on the world market. As a result, ESP sales are expected to grow in line with increased US rig counts as rising crude prices spur ongoing production efforts.

This industry manufactures electric submersible pumps (ESPs) for oil and gas well drilling. Operators also provide monitoring systems, equipment engineering and other services that complement ESP systems.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.


  • About this Industry
  • Industry at a Glance
    • Table Key Statistics Snapshot
    • Table Revenue vs. employment growth
    • Table Products and services segmentation (2017)
    • Table Industry Structure
  • Industry Performance
    • Table Demand from oil and gas extraction
    • Table Revenue vs. exports
    • Table Life Cycle Stage
  • Products & Markets
    • Table KEY BUYING INDUSTRIES
    • Table KEY SELLING INDUSTRIES
    • Table Products and services segmentation (2017)
    • Table Major market segmentation (2017)
    • Table Industry trade balance
    • Table Exports To
    • Table Business Locations 2017
    • Table Distribution of establishments vs. population
  • Competitive Landscape
    • Table Sector vs. Industry Costs
    • Table Barriers to Entry checklist
    • Table Trade Globalization
  • Major Companies
    • Table Major players
    • Table Schlumberger Ltd. (ESP systems) - financial performance*
    • Table Baker Hughes (ESP systems) - financial performance*
  • Operating Conditions
    • Table Capital intensity
    • Table Tools of the Trade: Growth Strategies for Success
    • Table Volatility vs. growth
  • Key Statistics
    • Table Industry Data
    • Table Annual Change
    • Table Key Ratios
  • Jargon & Glossary

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