Electric Submersible Pump Market Forecast to 2031: Growth Fueled by Rising Oil & Gas Exploration and Agricultural Water Demand - Market Research Report 2025

LOS ANGELES, United States: The factual, unbiased, and thorough assessment of the global Electric Submersible Pump market presented in the report assures players of access to much-needed information and data to plan effective growth strategies. The report has made a brilliant attempt to provide a comprehensive research study on industry value chain, major companies, deployment models, and key opportunities, drivers, and restraints of the global Electric Submersible Pump market. It shows how the global Electric Submersible Pump market will advance or lack growth during each year of the forecast period. Readers are offered with detailed and near-accurate predictions of CAGR and market size of the global Electric Submersible Pump market and its important segments.

The global Electric Submersible Pump market was valued at US$ 3526 million in 2024 and is anticipated to reach US$ 6192 million by 2031, witnessing a CAGR of 8.5% during the forecast period 2025-2031.

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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).

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.

Vendor Landscape Analysis

The competitive landscape of the global Electric Submersible Pump market is extensively researched in the report. The analysts have largely concentrated on company profiling of major players and also on competitive trends. All of the companies studied in the report are profiled on the basis of production, revenue, growth rate, markets served, areas served, market share, and market growth. The report will help readers to study significant changes in market competition, the level of competition, and factors impacting future market competition. It discusses important target market strategies that leading players are expected to adopt in future. In addition, it throws light on future plans of key players.

Details of Electric Submersible Pump Market Segmentation: -

Segment by Key Manufacturers:

Schlumberger
Borets Company
General Electric
GE (Baker Hughes)
Halliburton
Canadian Advanced ESP
Lvpai
Lishen Pump
Shengli Pump

Segment by Type

Low Temperature ESP
High Temperature ESP

Segment by Application

Onshore
Offshore

The report offers deep insights into leading segments of the global Electric Submersible Pump market and explains key factors helping them to collect a larger share. It provides accurate growth rate and market size achieved by each segment during the forecast period. This will help players to identify lucrative segments and plan out specific strategies to gain maximum profit from them. The report also includes sales growth, revenue, and price changes observed in important segments. Most importantly, the segmental analysis equips players with useful information and data to make the best of opportunities available in different segments.

Highlights of Report

(1) Buyers of the report will have access to unique information about top 10 players of the global Electric Submersible Pump market

(2) The report informs readers about future products and technologies to be introduced in the global Electric Submersible Pump market

(3) Readers are offered with comprehensive analysis on key revenue pockets of the global Electric Submersible Pump market

(4) The report provides details about long-term and short-term strategies adopted by major players of the global Electric Submersible Pump market

(5) The authors of the report have provided demand and growth trends of the global Electric Submersible Pump market and also its segments

(6) In the geographical analysis section, the report discusses about recent market developments in different regions and countries

The report can be used by players, stakeholders, and investors since it caters to all of them in a unique fashion. It offers special analysis on various competitive scenarios to help players to better compete in the global Electric Submersible Pump market. In the competitive analysis section, it provides a detailed list of important mergers and acquisitions, collaborations, and partnerships that key players have signed when operating in the global Electric Submersible Pump market. In the concluding part of the report, the analysts have provided powerful recommendations and suggestions to help players to ensure healthy growth in the global Electric Submersible Pump market.

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Table of Content

1 Electric Submersible Pump Market Overview
1.1 Product Definition
1.2 Electric Submersible Pump by Type
1.2.1 Global Electric Submersible Pump Market Value by Type (2020-2031)
1.2.2 Low Temperature ESP
1.2.3 High Temperature ESP
1.3 Electric Submersible Pump by Application
1.3.1 Global Electric Submersible Pump Market Value by Application 2020-2031)
1.3.2 Onshore
1.3.3 Offshore
1.4 Global Market Growth Prospects
1.4.1 Global Electric Submersible Pump Revenue (2020-2031)
1.4.2 Global Electric Submersible Pump Sales (2020-2031)
1.4.3 Global Electric Submersible Pump Market Average Price (2020-2031)
1.5 Assumptions and Limitations
1.6 Study Objectives
1.7 Years Considered
2 Key Insights
2.1 Key Emerging Trends
2.2 Key Developments - Mergers Acquisitions, New Product Launches, Collaborations, Partnerships and Joint Ventures
2.3 Latest Technological Advancements
2.4 Insights on Regulatory Scenarios
2.5 Porters Five Forces Analysis
3 Manufacturers Competitive Analysis
3.1 Global Electric Submersible Pump Revenue by Manufacturer (2020-2025)
3.2 Global Electric Submersible Pump Sales by Manufacturer (2020-2025)
3.3 Global Electric Submersible Pump Average Price by Manufacturer (2020-2025)
3.4 Electric Submersible Pump Company Evaluation Quadrant
3.5 Industry Rank
3.5.1 Global Key Players of Electric Submersible Pump, Industry Ranking, 2023 VS 2024
3.5.2 Global Electric Submersible Pump Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.5.3 Global Electric Submersible Pump Market Concentration Rate
3.5.4 Global 5 and 10 Largest Electric Submersible Pump Players Market Share by Revenue
3.6 Electric Submersible Pump Market: Overall Company Footprint Analysis
3.6.1 Electric Submersible Pump Market: Region Footprint
3.6.2 Electric Submersible Pump Market: Company Product Type Footprint
3.6.3 Electric Submersible Pump Market: Company Product Application Footprint
3.6.4 Global Key Manufacturers of Electric Submersible Pump, Date of Enter into This Industry
3.7 Competitive Environment
3.7.1 Historical Structure of the Industry
3.7.2 Barriers of Market Entry
3.7.3 Factors of Competition
4 Manufacturers Profiles
4.1 Schlumberger
4.1.1 Schlumberger Electric Submersible Pump Details
4.1.2 Schlumberger Electric Submersible Pump Product and Services
4.1.3 Schlumberger Electric Submersible Pump Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.1.4 Schlumberger Major Business
4.1.5 Schlumberger Recent Developments/Updates
4.2 Borets Company
4.2.1 Borets Company Electric Submersible Pump Details
4.2.2 Borets Company Electric Submersible Pump Product and Services
4.2.3 Borets Company Electric Submersible Pump Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.2.4 Borets Company Major Business
4.2.5 Borets Company Recent Developments/Updates
4.3 General Electric
4.3.1 General Electric Electric Submersible Pump Details
4.3.2 General Electric Electric Submersible Pump Product and Services
4.3.3 General Electric Electric Submersible Pump Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.3.4 General Electric Major Business
4.3.5 General Electric Recent Developments/Updates
4.4 GE (Baker Hughes)
4.4.1 GE (Baker Hughes) Electric Submersible Pump Details
4.4.2 GE (Baker Hughes) Electric Submersible Pump Product and Services
4.4.3 GE (Baker Hughes) Electric Submersible Pump Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.4.4 GE (Baker Hughes) Major Business
4.4.5 GE (Baker Hughes) Recent Developments/Updates
4.5 Halliburton
4.5.1 Halliburton Electric Submersible Pump Details
4.5.2 Halliburton Electric Submersible Pump Product and Services
4.5.3 Halliburton Electric Submersible Pump Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.5.4 Halliburton Major Business
4.5.5 Halliburton Recent Developments/Updates
4.6 Canadian Advanced ESP
4.6.1 Canadian Advanced ESP Electric Submersible Pump Details
4.6.2 Canadian Advanced ESP Electric Submersible Pump Product and Services
4.6.3 Canadian Advanced ESP Electric Submersible Pump Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.6.4 Canadian Advanced ESP Major Business
4.6.5 Canadian Advanced ESP Recent Developments/Updates
4.7 Lvpai
4.7.1 Lvpai Electric Submersible Pump Details
4.7.2 Lvpai Electric Submersible Pump Product and Services
4.7.3 Lvpai Electric Submersible Pump Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.7.4 Lvpai Major Business
4.7.5 Lvpai Recent Developments/Updates
4.8 Lishen Pump
4.8.1 Lishen Pump Electric Submersible Pump Details
4.8.2 Lishen Pump Electric Submersible Pump Product and Services
4.8.3 Lishen Pump Electric Submersible Pump Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.8.4 Lishen Pump Major Business
4.8.5 Lishen Pump Recent Developments/Updates
4.9 Shengli Pump
4.9.1 Shengli Pump Electric Submersible Pump Details
4.9.2 Shengli Pump Electric Submersible Pump Product and Services
4.9.3 Shengli Pump Electric Submersible Pump Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.9.4 Shengli Pump Major Business
4.9.5 Shengli Pump Recent Developments/Updates
5 Consumption Analysis by Region
5.1 Global Electric Submersible Pump Market Size by Region
5.1.1 Global Electric Submersible Pump Consumption Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Electric Submersible Pump Consumption Value by Region (2020-2025)
5.1.3 Global Electric Submersible Pump Consumption Value by Region (2026-2031)
5.1.4 Global Electric Submersible Pump Consumption Value Market Share by Region (2020-2031)
5.2 Global Electric Submersible Pump Sales Quantity by Region
5.2.1 Global Electric Submersible Pump Sales Quantity by Region: 2020 VS 2024 VS 2031
5.2.2 Global Electric Submersible Pump Sales Quantity by Region (2020-2025)
5.2.3 Global Electric Submersible Pump Sales Quantity by Region (2026-2031)
5.2.4 Global Electric Submersible Pump Sales Quantity Market Share by Region (2020-2031)
5.3 Global Electric Submersible Pump Average Price by Region
5.4 North America Electric Submersible Pump Consumption Value (2020-2031)
5.5 Europe Electric Submersible Pump Consumption Value (2020-2031)
5.6 Asia-Pacific Electric Submersible Pump Consumption Value (2020-2031)
5.7 South America Electric Submersible Pump Consumption Value (2020-2031)
5.8 Middle East & Africa Electric Submersible Pump Consumption Value (2020-2031)
6 Market Scenario by Region & Country
6.1 Global Electric Submersible Pump Consumption Value by Region & Country: 2020 Versus 2024 Versus 2031
6.2 Global Electric Submersible Pump Consumption Value by Region & Country (2020-2031)
6.3 Global Electric Submersible Pump Sales Quantity by Region & Country (2020-2031)
6.4 Global Electric Submersible Pump Average Price by Region & Country (2020-2031)
6.5 North America Electric Submersible Pump Market Facts & Figures by Country
6.5.1 North America Electric Submersible Pump Consumption Value by Country: 2020 VS 2024 VS 2031
6.5.2 North America Electric Submersible Pump Sales Quantity by Country (2020-2031)
6.5.3 North America Electric Submersible Pump Consumption Value by Country (2020-2031)
6.5.4 U.S.
6.5.5 Canada
6.6 Europe Electric Submersible Pump Market Facts & Figures by Country
6.6.1 Europe Electric Submersible Pump Consumption Value by Country: 2020 VS 2024 VS 2031
6.6.2 Europe Electric Submersible Pump Sales Quantity by Country (2020-2031)
6.6.3 Europe Electric Submersible Pump Consumption Value by Country (2020-2031)
6.6.4 Germany
6.6.5 France
6.6.6 U.K.
6.6.7 Italy
6.6.8 Russia
6.7 Asia Pacific Electric Submersible Pump Market Facts & Figures by Region
6.7.1 Asia Pacific Electric Submersible Pump Market Size by Region: 2020 VS 2024 VS 2031
6.7.2 Asia Pacific Electric Submersible Pump Sales Quantity by Region (2020-2031)
6.7.3 Asia Pacific Electric Submersible Pump Consumption Value by Region (2020-2031)
6.7.4 China
6.7.5 Japan
6.7.6 South Korea
6.7.7 India
6.7.8 Australia
6.7.9 Taiwan
6.7.10 Indonesia
6.7.11 Thailand
6.7.12 Malaysia
6.7.13 Philippines
6.8 South America Electric Submersible Pump Market Facts & Figures by Country
6.8.1 South America Electric Submersible Pump Market Size by Country: 2020 VS 2024 VS 2031
6.8.2 South America Electric Submersible Pump Sales Quantity by Country (2020-2031)
6.8.3 South America Electric Submersible Pump Consumption Value by Country
6.8.4 Mexico
6.8.5 Brazil
6.8.6 Argentina
6.9 Middle East and Africa Electric Submersible Pump Market Facts & Figures by Country
6.9.1 Middle East and Africa Electric Submersible Pump Market Size by Country: 2020 VS 2024 VS 2031
6.9.2 Middle East and Africa Electric Submersible Pump Sales Quantity by Country (2020-2031)
6.9.3 Middle East and Africa Electric Submersible Pump Consumption Value by Country
6.9.4 Turkey
6.9.5 Saudi Arabia
6.9.6 U.A.E
7 Segment by Type
7.1 Global Electric Submersible Pump Sales Quantity by Type (2020-2031)
7.1.1 Global Electric Submersible Pump Sales Quantity by Type (2020-2025)
7.1.2 Global Electric Submersible Pump Sales Quantity by Type (2026-2031)
7.1.3 Global Electric Submersible Pump Sales Quantity Market Share by Type (2020-2031)
7.2 Global Electric Submersible Pump Revenue by Type (2020-2031)
7.2.1 Global Electric Submersible Pump Revenue by Type (2020-2025)
7.2.2 Global Electric Submersible Pump Revenue by Type (2026-2031)
7.2.3 Global Electric Submersible Pump Revenue Market Share by Type (2020-2031)
7.3 Global Electric Submersible Pump Price by Type (2020-2031)
8 Segment by Application
8.1 Global Electric Submersible Pump Sales Quantity by Application (2020-2031)
8.1.1 Global Electric Submersible Pump Sales Quantity by Application (2020-2025)
8.1.2 Global Electric Submersible Pump Sales Quantity by Application (2026-2031)
8.1.3 Global Electric Submersible Pump Sales Quantity Market Share by Application (2020-2031)
8.2 Global Electric Submersible Pump Revenue by Application (2020-2031)
8.2.1 Global Electric Submersible Pump Revenue by Application (2020-2025)
8.2.2 Global Electric Submersible Pump Revenue by Application (2026-2031)
8.2.3 Global Electric Submersible Pump Revenue Market Share by Application (2020-2031)
8.3 Global Electric Submersible Pump Price by Application (2020-2031)
9 Industry Chain and Sales Channels Analysis
9.1 Electric Submersible Pump Industry Chain Analysis
9.2 Electric Submersible Pump Key Raw Materials
9.2.1 Key Raw Materials
9.2.2 Raw Materials Key Suppliers
9.3 Electric Submersible Pump Production Mode & Process
9.4 Electric Submersible Pump Sales and Marketing
9.4.1 Electric Submersible Pump Sales Channels
9.4.2 Electric Submersible Pump Distributors
9.5 Electric Submersible Pump Customers
10 Research Findings and Conclusion
11 Appendix
11.1 Research Methodology
11.1.1 Methodology/Research Approach
11.1.1.1 Research Programs/Design
11.1.1.2 Market Size Estimation
11.1.1.3 Market Breakdown and Data Triangulation
11.1.2 Data Source
11.1.2.1 Secondary Sources
11.1.2.2 Primary Sources
11.2 Author Details
11.3 Disclaimer

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