Electric Submersible Pumps Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032
Description
Persistence Market Research has published a detailed report on the global Electric Submersible Pumps Market, delivering a thorough analysis of market drivers, challenges, trends, and growth opportunities. This report equips industry stakeholders with critical insights to navigate the evolving market landscape effectively.
Key Insights:
Electric submersible pumps are specialized devices designed to operate while submerged in fluids, commonly used to move liquids like water, oil, and wastewater. These pumps find widespread applications across industries such as oil & gas, mining, agriculture, construction, and wastewater treatment. Increasing industrialization and infrastructure development globally have escalated the need for robust and energy-efficient pumping solutions, propelling market growth. Innovations in pump technology and the growing demand for sustainable water management further enhance market prospects.
Market Growth Drivers:
The market for electric submersible pumps is being driven by several factors. A surge in oil and gas exploration, including offshore drilling activities, is creating high demand for reliable pumping systems capable of operating in harsh environments. Rapid urban expansion and industrial growth necessitate advanced water supply and wastewater treatment facilities, boosting the need for efficient pumps. Furthermore, technological advancements such as IoT-enabled smart pumps are improving monitoring and operational efficiency, reducing downtime and maintenance costs. Rising investments in renewable energy projects, especially geothermal energy, are also opening new avenues for submersible pump applications.
Market Restraints:
Despite encouraging growth trends, the electric submersible pumps market faces notable challenges. High upfront costs and complicated installation procedures can hinder adoption, especially among smaller enterprises. The risk of wear and tear caused by abrasive fluids and the mechanical stress of high-pressure environments can lead to frequent maintenance and increased operational costs. Additionally, volatile raw material prices and strict environmental regulations pose constraints on production and pricing. Moreover, competition from alternative pumping technologies limits market penetration in certain sectors.
Market Opportunities:
There are significant opportunities for growth in the electric submersible pumps market. The integration of automation and remote monitoring technologies creates potential for smart, energy-efficient pumps that optimize performance. Expanding water infrastructure projects in developing countries provide fertile ground for market expansion. Increasing use of electric submersible pumps in unconventional oil extraction methods like shale gas extraction also boosts demand. The agriculture sector’s growing focus on efficient irrigation systems presents further opportunities. Collaborative innovation and R&D investments aimed at enhancing durability and energy efficiency will help companies gain competitive advantages.
Key Questions Addressed in the Report:
Prominent players in the electric submersible pumps market, including Sulzer, Kirloskar Brothers Limited, 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, are focusing on product innovation and strategic collaborations. Their efforts target developing highly efficient, smart pumps tailored for diverse industrial needs. Expansion of global sales channels and entry into emerging markets remain key priorities. Product customization and improving energy efficiency serve as important competitive differentiators.
Companies Covered:
By Type:
Please Note: It will take 5 business days to complete the report upon order confirmation.
Key Insights:
- Electric Submersible Pumps Market Size (2025E): US$ 11,741.3 Mn
- Forecasted Market Value (2032F): US$ 18,007.3 Mn
- Expected CAGR (2025 to 2032): 6.3%
Electric submersible pumps are specialized devices designed to operate while submerged in fluids, commonly used to move liquids like water, oil, and wastewater. These pumps find widespread applications across industries such as oil & gas, mining, agriculture, construction, and wastewater treatment. Increasing industrialization and infrastructure development globally have escalated the need for robust and energy-efficient pumping solutions, propelling market growth. Innovations in pump technology and the growing demand for sustainable water management further enhance market prospects.
Market Growth Drivers:
The market for electric submersible pumps is being driven by several factors. A surge in oil and gas exploration, including offshore drilling activities, is creating high demand for reliable pumping systems capable of operating in harsh environments. Rapid urban expansion and industrial growth necessitate advanced water supply and wastewater treatment facilities, boosting the need for efficient pumps. Furthermore, technological advancements such as IoT-enabled smart pumps are improving monitoring and operational efficiency, reducing downtime and maintenance costs. Rising investments in renewable energy projects, especially geothermal energy, are also opening new avenues for submersible pump applications.
Market Restraints:
Despite encouraging growth trends, the electric submersible pumps market faces notable challenges. High upfront costs and complicated installation procedures can hinder adoption, especially among smaller enterprises. The risk of wear and tear caused by abrasive fluids and the mechanical stress of high-pressure environments can lead to frequent maintenance and increased operational costs. Additionally, volatile raw material prices and strict environmental regulations pose constraints on production and pricing. Moreover, competition from alternative pumping technologies limits market penetration in certain sectors.
Market Opportunities:
There are significant opportunities for growth in the electric submersible pumps market. The integration of automation and remote monitoring technologies creates potential for smart, energy-efficient pumps that optimize performance. Expanding water infrastructure projects in developing countries provide fertile ground for market expansion. Increasing use of electric submersible pumps in unconventional oil extraction methods like shale gas extraction also boosts demand. The agriculture sector’s growing focus on efficient irrigation systems presents further opportunities. Collaborative innovation and R&D investments aimed at enhancing durability and energy efficiency will help companies gain competitive advantages.
Key Questions Addressed in the Report:
- What are the main factors contributing to the growth of the electric submersible pumps market?
- Which regions and industries show the strongest demand for these pumps?
- How do technological advancements influence the market dynamics?
- Who are the major players in this sector, and what strategies are they employing?
- What are the upcoming trends and market forecasts for electric submersible pumps?
Prominent players in the electric submersible pumps market, including Sulzer, Kirloskar Brothers Limited, 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, are focusing on product innovation and strategic collaborations. Their efforts target developing highly efficient, smart pumps tailored for diverse industrial needs. Expansion of global sales channels and entry into emerging markets remain key priorities. Product customization and improving energy efficiency serve as important competitive differentiators.
Companies Covered:
- Sulzer
- Kirloskar Brothers Limited
- KSB Company
- Multiquip Inc.
- GRUNDFOS
- Hitachi America
- Xylem Inc.
- Caprari
- Crompton Greaves Consumer Electricals Limited
- Weatherford
- TSURUMI PUMP
- ZUWA-Zumpe GmbH
- Homa Pumpenfabrik GmbH
- Quadt Kunststoffapparatebau GmbH
By Type:
- Open Well
- Borewell
- Single Stage
- Multistage
- Oil & Gas
- Water & Wastewater
- Construction
- Mining
- Agriculture
- Chemicals
- Miscellaneous
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Please Note: It will take 5 business days to complete the report upon order confirmation.
Table of Contents
180 Pages
- 1. Executive Summary
- 1.1. Global Electric Submersible Pumps Market Snapshot, 2025-2032
- 1.2. Market Opportunity Assessment, 2025-2032, US$ Mn
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Industry Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
- 2. Market Overview
- 2.1. Market Scope and Definition
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
- 2.3. Product Lifecycle Analysis
- 2.4. Macro-Economic Factors
- 2.4.1. Global Sectorial Outlook
- 2.4.2. Global GDP Growth Outlook
- 2.5. Global Parent Market Overview
- 2.6. Electric Submersible Pumps Market: Value Chain
- 2.6.1. List of Operation Supplier
- 2.6.2. List of Manufacturers
- 2.6.3. List of Distributors
- 2.6.4. List of End User
- 2.6.5. Profitability Analysis
- 2.7. Forecast Factors - Relevance and Impact
- 2.8. Covid-19 Impact Assessment
- 2.9. PESTLE Analysis
- 2.10. Porter Five Force’s Analysis
- 2.11. Geopolitical Tensions: Market Impact
- 2.12. Regulatory and Operation Landscape
- 3. Production Output , 2019-2024
- 3.1. Production by Region
- 4. Price Trend Analysis, 2019-2032
- 4.1. Key Highlights
- 4.2. Key Factors Impacting Product Prices
- 4.3. Prices By Type/Operation/End Use
- 4.4. Regional Prices and Product Preferences
- 5. Global Electric Submersible Pumps Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 5.1. Key Highlights
- 5.1.1. Market Size and Y-o-Y Growth
- 5.1.2. Absolute $ Opportunity
- 5.2. Market Size (US$ Mn) Volume (Unit) Analysis and Forecast
- 5.2.1. Historical Market Size Analysis, 2019-2024
- 5.2.2. Current Market Size Forecast, 2025-2032
- 5.3. Global Electric Submersible Pumps Market Outlook: Type
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Type, 2019-2024
- 5.3.3. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Type, 2025-2032
- 5.3.3.1. Open well
- 5.3.3.2. Borewell
- 5.4. Market Attractiveness Analysis: Type
- 5.5. Global Electric Submersible Pumps Market Outlook: Operation
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Operation, 2019-2024
- 5.5.3. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Operation, 2025-2032
- 5.5.3.1. Single Stage
- 5.5.3.2. Multistage
- 5.6. Market Attractiveness Analysis: Operation
- 5.7. Global Electric Submersible Pumps Market Outlook: End Use
- 5.7.1. Introduction / Key Findings
- 5.7.2. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By End Use , 2019-2024
- 5.7.3. Current Market Size (US$ Mn) and Volume (Unit) Forecast By End Use , 2025-2032
- 5.7.3.1. Oil & Gas
- 5.7.3.2. Water & Wastewater
- 5.7.3.3. Construction
- 5.7.3.4. Mining
- 5.7.3.5. Agriculture
- 5.7.3.6. Chemicals
- 5.7.3.7. Misc.
- 5.8. Market Attractiveness Analysis: End Use
- 6. Global Electric Submersible Pumps Market Outlook: Region
- 6.1. Key Highlights
- 6.2. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Region, 2019-2024
- 6.3. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Region, 2025-2032
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
- 6.4. Market Attractiveness Analysis: Region
- 7. North America Electric Submersible Pumps Market Outlook: Historical (2019-2024 ) and Forecast (2025-2032)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Market, 2019-2024
- 7.3.1. By Country
- 7.3.2. By Type
- 7.3.3. By Operation
- 7.3.4. By End Use
- 7.4. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Country, 2025-2032
- 7.4.1. U.S.
- 7.4.2. Canada
- 7.5. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Type, 2025-2032
- 7.5.1. Open well
- 7.5.2. Borewell
- 7.6. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Operation, 2025-2032
- 7.6.1. Single Stage
- 7.6.2. Multistage
- 7.7. Current Market Size (US$ Mn) and Volume (Unit) Forecast By End Use , 2025-2032
- 7.7.1. Oil & Gas
- 7.7.2. Water & Wastewater
- 7.7.3. Construction
- 7.7.4. Mining
- 7.7.5. Agriculture
- 7.7.6. Chemicals
- 7.7.7. Misc.
- 7.8. Market Attractiveness Analysis
- 8. Europe Electric Submersible Pumps Market Outlook: Historical (2019-2024 ) and Forecast (2025-2032)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Market, 2019-2024
- 8.3.1. By Country
- 8.3.2. By Type
- 8.3.3. By Operation
- 8.3.4. By End Use
- 8.4. By End Use Current Market Size (US$ Mn) and Volume (Unit) Forecast By Country, 2025-2032
- 8.4.1. Germany
- 8.4.2. Italy
- 8.4.3. France
- 8.4.4. U.K.
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Turkey
- 8.4.8. Rest of Europe
- 8.5. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Type, 2025-2032
- 8.5.1. Open well
- 8.5.2. Borewell
- 8.6. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Operation, 2025-2032
- 8.6.1. Single Stage
- 8.6.2. Multistage
- 8.7. Current Market Size (US$ Mn) and Volume (Unit) Forecast By End Use , 2025-2032
- 8.7.1. Oil & Gas
- 8.7.2. Water & Wastewater
- 8.7.3. Construction
- 8.7.4. Mining
- 8.7.5. Agriculture
- 8.7.6. Chemicals
- 8.7.7. Misc.
- 8.8. Market Attractiveness Analysis
- 9. East Asia Electric Submersible Pumps Market Outlook: Historical (2019-2024 ) and Forecast (2025-2032)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Market, 2019-2024
- 9.3.1. By Country
- 9.3.2. By Type
- 9.3.3. By Operation
- 9.3.4. By End Use
- 9.4. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Country, 2025-2032
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. South Korea
- 9.5. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Type, 2025-2032
- 9.5.1. Open well
- 9.5.2. Borewell
- 9.6. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Operation, 2025-2032
- 9.6.1. Single Stage
- 9.6.2. Multistage
- 9.7. Current Market Size (US$ Mn) and Volume (Unit) Forecast By End Use , 2025-2032
- 9.7.1. Oil & Gas
- 9.7.2. Water & Wastewater
- 9.7.3. Construction
- 9.7.4. Mining
- 9.7.5. Agriculture
- 9.7.6. Chemicals
- 9.7.7. Misc.
- 9.8. Market Attractiveness Analysis
- 10. South Asia & Oceania Electric Submersible Pumps Market Outlook: Historical (2019-2024 ) and Forecast (2025-2032)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Market, 2019-2024
- 10.3.1. By Country
- 10.3.2. By Type
- 10.3.3. By Operation
- 10.3.4. By End Use
- 10.4. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Country, 2025-2032
- 10.4.1. India
- 10.4.2. Southeast Asia
- 10.4.3. ANZ
- 10.4.4. Rest of South Asia & Oceania
- 10.5. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Type, 2025-2032
- 10.5.1. Open well
- 10.5.2. Borewell
- 10.6. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Operation, 2025-2032
- 10.6.1. Single Stage
- 10.6.2. Multistage
- 10.7. Current Market Size (US$ Mn) and Volume (Unit) Forecast By End Use , 2025-2032
- 10.7.1. Oil & Gas
- 10.7.2. Water & Wastewater
- 10.7.3. Construction
- 10.7.4. Mining
- 10.7.5. Agriculture
- 10.7.6. Chemicals
- 10.7.7. Misc.
- 10.8. Market Attractiveness Analysis
- 11. Latin America Electric Submersible Pumps Market Outlook: Historical (2019-2024 ) and Forecast (2025-2032)
- 11.1. Key Highlights
- 11.2. Pricing Analysis
- 11.3. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Market, 2019-2024
- 11.3.1. By Country
- 11.3.2. By Type
- 11.3.3. By Operation
- 11.3.4. By End Use
- 11.4. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Country, 2025-2032
- 11.4.1. Brazil
- 11.4.2. Mexico
- 11.4.3. Rest of Latin America
- 11.5. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Type, 2025-2032
- 11.5.1. Open well
- 11.5.2. Borewell
- 11.6. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Operation, 2025-2032
- 11.6.1. Single Stage
- 11.6.2. Multistage
- 11.7. Current Market Size (US$ Mn) and Volume (Unit) Forecast By End Use , 2025-2032
- 11.7.1. Oil & Gas
- 11.7.2. Water & Wastewater
- 11.7.3. Construction
- 11.7.4. Mining
- 11.7.5. Agriculture
- 11.7.6. Chemicals
- 11.7.7. Misc.
- 11.8. Market Attractiveness Analysis
- 12. Middle East & Africa Electric Submersible Pumps Market Outlook: Historical (2019-2024 ) and Forecast (2025-2032)
- 12.1. Key Highlights
- 12.2. Pricing Analysis
- 12.3. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Market, 2019-2024
- 12.3.1. By Country
- 12.3.2. By Type
- 12.3.3. By Operation
- 12.3.4. By End Use
- 12.4. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Country, 2025-2032
- 12.4.1. GCC
- 12.4.2. South Africa
- 12.4.3. Northern Africa
- 12.4.4. Rest of Middle East & Africa
- 12.5. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Type, 2025-2032
- 12.5.1. Open well
- 12.5.2. Borewell
- 12.6. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Operation, 2025-2032
- 12.6.1. Single Stage
- 12.6.2. Multistage
- 12.7. Current Market Size (US$ Mn) and Volume (Unit) Forecast By End Use , 2025-2032
- 12.7.1. Oil & Gas
- 12.7.2. Water & Wastewater
- 12.7.3. Construction
- 12.7.4. Mining
- 12.7.5. Agriculture
- 12.7.6. Chemicals
- 12.7.7. Misc.
- 12.8. Market Attractiveness Analysis
- 13. Competition Landscape
- 13.1. Market Share Analysis, 2025
- 13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
- 13.2.3. Apparent Production Capacity
- 13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. Sulzer
- 13.3.1.1. Overview
- 13.3.1.2. Segments and Products
- 13.3.1.3. Key Financials
- 13.3.1.4. Market Developments
- 13.3.1.5. Market Strategy
- 13.3.2. Kirloskar Brothers Limited
- 13.3.3. KSB Company
- 13.3.4. Multiquip Inc.
- 13.3.5. GRUNDFOS
- 13.3.6. Hitachi America
- 13.3.7. Xylem Inc.
- 13.3.8. Caprari
- 13.3.9. Crompton Greaves Consumer Electricals Limited
- 13.3.10. Weatherford
- 13.3.11. TSURUMI PUMP
- 13.3.12. ZUWA-Zumpe GmbH
- 13.3.13. Homa Pumpenfabrik GmbH
- 13.3.14. Quadt Kunststoffapparatebau GmbH
- Note: List of companies is not exhaustive in Nature. It is subject to further augmentation during course of research
- 14. Appendix
- 14.1. Research Methodology
- 14.2. Research Assumptions
- 14.3. Acronyms and Abbreviations
Pricing
Currency Rates
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