Global Electrical Submersible Pump (ESP) Systems Market Growth 2025-2031

The global Electrical Submersible Pump (ESP) Systems market size is predicted to grow from US$ 1591 million in 2025 to US$ 2657 million in 2031; it is expected to grow at a CAGR of 8.9% from 2025 to 2031.

An Electrical Submersible Pump (ESP) is a type of pump designed to be submerged in a liquid to pump it to a higher elevation. It consists of a motor, pump, and cable assembly. ESPs are commonly used in various industries, including oil and gas, mining, agriculture, and water supply, to transport liquids from deep wells or reservoirs.

The ESP market is expected to continue growing in the coming years, driven by several factors:

Increasing demand for oil and gas: As global energy demand rises, exploration and production activities in deepwater and unconventional oil and gas fields will increase, driving the demand for ESPs.

Growing need for water management: The increasing scarcity of water resources is leading to a growing demand for efficient water management solutions, including ESPs for pumping groundwater and wastewater.

Advancements in ESP technology: Ongoing research and development are leading to improvements in ESP efficiency, reliability, and durability, making them more attractive to customers.

Increasing use of ESPs in other industries: ESPs are being adopted in industries such as mining, agriculture, and manufacturing, expanding the overall market.

LP Information, Inc. (LPI) ' newest research report, the “Electrical Submersible Pump (ESP) Systems Industry Forecast” looks at past sales and reviews total world Electrical Submersible Pump (ESP) Systems sales in 2024, providing a comprehensive analysis by region and market sector of projected Electrical Submersible Pump (ESP) Systems sales for 2025 through 2031. With Electrical Submersible Pump (ESP) Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electrical Submersible Pump (ESP) Systems industry.

This Insight Report provides a comprehensive analysis of the global Electrical Submersible Pump (ESP) Systems landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electrical Submersible Pump (ESP) Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electrical Submersible Pump (ESP) Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electrical Submersible Pump (ESP) Systems and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electrical Submersible Pump (ESP) Systems.

This report presents a comprehensive overview, market shares, and growth opportunities of Electrical Submersible Pump (ESP) Systems market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
<4 Inches
4-6 Inches
6-8 Inches
>8 Inches

Segmentation by Application:
Onshore
Offshore

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Baker Hughes
ChampionX
Novomet
Borets
Alkhorayef Petroleum
SLB
Haliburton
Flowserve
Sulzer

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electrical Submersible Pump (ESP) Systems market?

What factors are driving Electrical Submersible Pump (ESP) Systems market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electrical Submersible Pump (ESP) Systems market opportunities vary by end market size?

How does Electrical Submersible Pump (ESP) Systems break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.