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Electrical Submersible Pump (ESP)-Global Market Insights and Sales Trends 2024
Synopsis
Electrical Submersible Pumps (ESP) are one of the most reliable and efficient ways to lift fluids to the surface, both oil and water. As the name suggests, it is submerged into the reservoir fluids and pushes the fluid to the surface. The ESP pumps can be designed to handle fluids of up to 60,000 b/d and cover various well conditions and production profiles, and generally a low cost solution for high volumes of lifting.
Submersible pump to fundamentally eliminate the phenomenon of air resistance, the use of positive pressure push the principle of a fundamental solution to the high-temperature environment, high-lift, long-range conditions, pipeline pump, volumetric pumps, vane pumps and other negative work principle of the electric pump cannot solve the problem (such as less oil, not even the drawbacks of oil).
The global Electrical Submersible Pump (ESP) market size is expected to reach US$ 4337.2 million by 2029, growing at a CAGR of 5.3% from 2023 to 2029. The market is mainly driven by the significant applications of Electrical Submersible Pump (ESP) in various end use industries. The expanding demands from the Industrial, Agriculture and Domestic,, are propelling Electrical Submersible Pump (ESP) market. Openwell, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Borewell segment is estimated at % CAGR for the next seven-year period.
Russia is the largest market with about 24% revenue market share. Followed by USA, accounting for about 21% revenue market share.
The key players are Schlumberger, Borets Company, General Electric, GE (Baker Hughes), Halliburton, Canadian Advanced ESP, Lvpai, Lishen Pump, Shengli Pump etc. Top 3 companies occupied about 51% revenue market share.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Electrical Submersible Pump (ESP), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Electrical Submersible Pump (ESP) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Electrical Submersible Pump (ESP) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electrical Submersible Pump (ESP) sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Electrical Submersible Pump (ESP) covered in this report include Sulzer, Grundfos Group, KSB Group, WILO, Schlumberger Limited, GE(Baker Hughes), Borets Company and GE Oil & Gas, etc.
The global Electrical Submersible Pump (ESP) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Sulzer
Grundfos Group
KSB Group
WILO
Schlumberger Limited
GE(Baker Hughes)
Borets Company
GE Oil & Gas
Global Electrical Submersible Pump (ESP) market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Electrical Submersible Pump (ESP) market, Segment by Type:
Openwell
Borewell
Global Electrical Submersible Pump (ESP) market, by Application
Industrial
Agriculture
Domestic
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Electrical Submersible Pump (ESP) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electrical Submersible Pump (ESP) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Electrical Submersible Pumps (ESP) are one of the most reliable and efficient ways to lift fluids to the surface, both oil and water. As the name suggests, it is submerged into the reservoir fluids and pushes the fluid to the surface. The ESP pumps can be designed to handle fluids of up to 60,000 b/d and cover various well conditions and production profiles, and generally a low cost solution for high volumes of lifting.
Submersible pump to fundamentally eliminate the phenomenon of air resistance, the use of positive pressure push the principle of a fundamental solution to the high-temperature environment, high-lift, long-range conditions, pipeline pump, volumetric pumps, vane pumps and other negative work principle of the electric pump cannot solve the problem (such as less oil, not even the drawbacks of oil).
The global Electrical Submersible Pump (ESP) market size is expected to reach US$ 4337.2 million by 2029, growing at a CAGR of 5.3% from 2023 to 2029. The market is mainly driven by the significant applications of Electrical Submersible Pump (ESP) in various end use industries. The expanding demands from the Industrial, Agriculture and Domestic,, are propelling Electrical Submersible Pump (ESP) market. Openwell, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Borewell segment is estimated at % CAGR for the next seven-year period.
Russia is the largest market with about 24% revenue market share. Followed by USA, accounting for about 21% revenue market share.
The key players are Schlumberger, Borets Company, General Electric, GE (Baker Hughes), Halliburton, Canadian Advanced ESP, Lvpai, Lishen Pump, Shengli Pump etc. Top 3 companies occupied about 51% revenue market share.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Electrical Submersible Pump (ESP), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Electrical Submersible Pump (ESP) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Electrical Submersible Pump (ESP) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Electrical Submersible Pump (ESP) sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Electrical Submersible Pump (ESP) covered in this report include Sulzer, Grundfos Group, KSB Group, WILO, Schlumberger Limited, GE(Baker Hughes), Borets Company and GE Oil & Gas, etc.
The global Electrical Submersible Pump (ESP) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Sulzer
Grundfos Group
KSB Group
WILO
Schlumberger Limited
GE(Baker Hughes)
Borets Company
GE Oil & Gas
Global Electrical Submersible Pump (ESP) market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Electrical Submersible Pump (ESP) market, Segment by Type:
Openwell
Borewell
Global Electrical Submersible Pump (ESP) market, by Application
Industrial
Agriculture
Domestic
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Electrical Submersible Pump (ESP) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Electrical Submersible Pump (ESP) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Electrical Submersible Pump (ESP) Market Overview
1.1 Electrical Submersible Pump (ESP) Product Overview
1.2 Electrical Submersible Pump (ESP) Market Segment by Type
1.2.1 Openwell
1.2.2 Borewell
1.3 Global Electrical Submersible Pump (ESP) Market Size by Type
1.3.1 Global Electrical Submersible Pump (ESP) Market Size Overview by Type (2018-2029)
1.3.2 Global Electrical Submersible Pump (ESP) Historic Market Size Review by Type (2018-2023)
1.3.3 Global Electrical Submersible Pump (ESP) Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Electrical Submersible Pump (ESP) Sales Breakdown by Type (2018-2023)
1.4.2 Europe Electrical Submersible Pump (ESP) Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Electrical Submersible Pump (ESP) Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Electrical Submersible Pump (ESP) Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Electrical Submersible Pump (ESP) Sales Breakdown by Type (2018-2023)
2 Global Electrical Submersible Pump (ESP) Market Competition by Company
2.1 Global Top Players by Electrical Submersible Pump (ESP) Sales (2018-2023)
2.2 Global Top Players by Electrical Submersible Pump (ESP) Revenue (2018-2023)
2.3 Global Top Players by Electrical Submersible Pump (ESP) Price (2018-2023)
2.4 Global Top Manufacturers Electrical Submersible Pump (ESP) Manufacturing Base Distribution, Sales Area, Product Type
2.5 Electrical Submersible Pump (ESP) Market Competitive Situation and Trends
2.5.1 Electrical Submersible Pump (ESP) Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Electrical Submersible Pump (ESP) Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Electrical Submersible Pump (ESP) as of 2022)
2.7 Date of Key Manufacturers Enter into Electrical Submersible Pump (ESP) Market
2.8 Key Manufacturers Electrical Submersible Pump (ESP) Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Electrical Submersible Pump (ESP) Status and Outlook by Region
3.1 Global Electrical Submersible Pump (ESP) Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Electrical Submersible Pump (ESP) Historic Market Size by Region
3.2.1 Global Electrical Submersible Pump (ESP) Sales in Volume by Region (2018-2023)
3.2.2 Global Electrical Submersible Pump (ESP) Sales in Value by Region (2018-2023)
3.2.3 Global Electrical Submersible Pump (ESP) Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Electrical Submersible Pump (ESP) Forecasted Market Size by Region
3.3.1 Global Electrical Submersible Pump (ESP) Sales in Volume by Region (2024-2029)
3.3.2 Global Electrical Submersible Pump (ESP) Sales in Value by Region (2024-2029)
3.3.3 Global Electrical Submersible Pump (ESP) Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Electrical Submersible Pump (ESP) by Application
4.1 Electrical Submersible Pump (ESP) Market Segment by Application
4.1.1 Industrial
4.1.2 Agriculture
4.1.3 Domestic
4.2 Global Electrical Submersible Pump (ESP) Market Size by Application
4.2.1 Global Electrical Submersible Pump (ESP) Market Size Overview by Application (2018-2029)
4.2.2 Global Electrical Submersible Pump (ESP) Historic Market Size Review by Application (2018-2023)
4.2.3 Global Electrical Submersible Pump (ESP) Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Electrical Submersible Pump (ESP) Sales Breakdown by Application (2018-2023)
4.3.2 Europe Electrical Submersible Pump (ESP) Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Electrical Submersible Pump (ESP) Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Electrical Submersible Pump (ESP) Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Electrical Submersible Pump (ESP) Sales Breakdown by Application (2018-2023)
5 North America Electrical Submersible Pump (ESP) by Country
5.1 North America Electrical Submersible Pump (ESP) Historic Market Size by Country
5.1.1 North America Electrical Submersible Pump (ESP) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Electrical Submersible Pump (ESP) Sales in Volume by Country (2018-2023)
5.1.3 North America Electrical Submersible Pump (ESP) Sales in Value by Country (2018-2023)
5.2 North America Electrical Submersible Pump (ESP) Forecasted Market Size by Country
5.2.1 North America Electrical Submersible Pump (ESP) Sales in Volume by Country (2024-2029)
5.2.2 North America Electrical Submersible Pump (ESP) Sales in Value by Country (2024-2029)
6 Europe Electrical Submersible Pump (ESP) by Country
6.1 Europe Electrical Submersible Pump (ESP) Historic Market Size by Country
6.1.1 Europe Electrical Submersible Pump (ESP) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Electrical Submersible Pump (ESP) Sales in Volume by Country (2018-2023)
6.1.3 Europe Electrical Submersible Pump (ESP) Sales in Value by Country (2018-2023)
6.2 Europe Electrical Submersible Pump (ESP) Forecasted Market Size by Country
6.2.1 Europe Electrical Submersible Pump (ESP) Sales in Volume by Country (2024-2029)
6.2.2 Europe Electrical Submersible Pump (ESP) Sales in Value by Country (2024-2029)
7 Asia-Pacific Electrical Submersible Pump (ESP) by Region
7.1 Asia-Pacific Electrical Submersible Pump (ESP) Historic Market Size by Region
7.1.1 Asia-Pacific Electrical Submersible Pump (ESP) Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Electrical Submersible Pump (ESP) Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Electrical Submersible Pump (ESP) Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Electrical Submersible Pump (ESP) Forecasted Market Size by Region
7.2.1 Asia-Pacific Electrical Submersible Pump (ESP) Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Electrical Submersible Pump (ESP) Sales in Value by Region (2024-2029)
8 Latin America Electrical Submersible Pump (ESP) by Country
8.1 Latin America Electrical Submersible Pump (ESP) Historic Market Size by Country
8.1.1 Latin America Electrical Submersible Pump (ESP) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Electrical Submersible Pump (ESP) Sales in Volume by Country (2018-2023)
8.1.3 Latin America Electrical Submersible Pump (ESP) Sales in Value by Country (2018-2023)
8.2 Latin America Electrical Submersible Pump (ESP) Forecasted Market Size by Country
8.2.1 Latin America Electrical Submersible Pump (ESP) Sales in Volume by Country (2024-2029)
8.2.2 Latin America Electrical Submersible Pump (ESP) Sales in Value by Country (2024-2029)
9 Middle East and Africa Electrical Submersible Pump (ESP) by Country
9.1 Middle East and Africa Electrical Submersible Pump (ESP) Historic Market Size by Country
9.1.1 Middle East and Africa Electrical Submersible Pump (ESP) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Electrical Submersible Pump (ESP) Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Electrical Submersible Pump (ESP) Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Electrical Submersible Pump (ESP) Forecasted Market Size by Country
9.2.1 Middle East and Africa Electrical Submersible Pump (ESP) Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Electrical Submersible Pump (ESP) Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Sulzer
10.1.1 Sulzer Company Information
10.1.2 Sulzer Introduction and Business Overview
10.1.3 Sulzer Electrical Submersible Pump (ESP) Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Sulzer Electrical Submersible Pump (ESP) Products Offered
10.1.5 Sulzer Recent Development
10.2 Grundfos Group
10.2.1 Grundfos Group Company Information
10.2.2 Grundfos Group Introduction and Business Overview
10.2.3 Grundfos Group Electrical Submersible Pump (ESP) Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Grundfos Group Electrical Submersible Pump (ESP) Products Offered
10.2.5 Grundfos Group Recent Development
10.3 KSB Group
10.3.1 KSB Group Company Information
10.3.2 KSB Group Introduction and Business Overview
10.3.3 KSB Group Electrical Submersible Pump (ESP) Sales, Revenue and Gross Margin (2018-2023)
10.3.4 KSB Group Electrical Submersible Pump (ESP) Products Offered
10.3.5 KSB Group Recent Development
10.4 WILO
10.4.1 WILO Company Information
10.4.2 WILO Introduction and Business Overview
10.4.3 WILO Electrical Submersible Pump (ESP) Sales, Revenue and Gross Margin (2018-2023)
10.4.4 WILO Electrical Submersible Pump (ESP) Products Offered
10.4.5 WILO Recent Development
10.5 Schlumberger Limited
10.5.1 Schlumberger Limited Company Information
10.5.2 Schlumberger Limited Introduction and Business Overview
10.5.3 Schlumberger Limited Electrical Submersible Pump (ESP) Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Schlumberger Limited Electrical Submersible Pump (ESP) Products Offered
10.5.5 Schlumberger Limited Recent Development
10.6 GE(Baker Hughes)
10.6.1 GE(Baker Hughes) Company Information
10.6.2 GE(Baker Hughes) Introduction and Business Overview
10.6.3 GE(Baker Hughes) Electrical Submersible Pump (ESP) Sales, Revenue and Gross Margin (2018-2023)
10.6.4 GE(Baker Hughes) Electrical Submersible Pump (ESP) Products Offered
10.6.5 GE(Baker Hughes) Recent Development
10.7 Borets Company
10.7.1 Borets Company Company Information
10.7.2 Borets Company Introduction and Business Overview
10.7.3 Borets Company Electrical Submersible Pump (ESP) Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Borets Company Electrical Submersible Pump (ESP) Products Offered
10.7.5 Borets Company Recent Development
10.8 GE Oil & Gas
10.8.1 GE Oil & Gas Company Information
10.8.2 GE Oil & Gas Introduction and Business Overview
10.8.3 GE Oil & Gas Electrical Submersible Pump (ESP) Sales, Revenue and Gross Margin (2018-2023)
10.8.4 GE Oil & Gas Electrical Submersible Pump (ESP) Products Offered
10.8.5 GE Oil & Gas Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Electrical Submersible Pump (ESP) Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Electrical Submersible Pump (ESP) Industrial Chain Analysis
11.4 Electrical Submersible Pump (ESP) Market Dynamics
11.4.1 Electrical Submersible Pump (ESP) Industry Trends
11.4.2 Electrical Submersible Pump (ESP) Market Drivers
11.4.3 Electrical Submersible Pump (ESP) Market Challenges
11.4.4 Electrical Submersible Pump (ESP) Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Electrical Submersible Pump (ESP) Distributors
12.3 Electrical Submersible Pump (ESP) Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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