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Electric Submersible Pump Market Share

Report ID: GMI3392
Published Date: May 2023
Report Format: PDF

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Electric Submersible Pump Market Share

The major market players are focusing on strategic partnerships and collaborations, new product launch along with mergers and acquisitions to gain their competitive edge over the others. Leading players in the electric submersible pump industry include:

Schlumberger Ltd
Weatherford
Baker Hughes
Flowserve Corporation
EBARA CORPORATION
Atlas Copco AB
WILO SE
Grundfos Holding A/S
Gorman-Rupp Pumps
Crompton Greaves Consumer Electricals Limited
Sulzer Ltd
Tsurumi Manufacturing Co., Ltd.
Novomet, and Halliburton.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of electric submersible pump surpassed USD 13.7 billion in 2023 and will record over 8.8% CAGR from 2024-2032 due to the rising government focus towards magnifying agricultural production.

Electric submersible pump industry share from the oil & gas industry segment is estimated to observe 8% growth till 2032 driven by the ongoing investments toward well recovery.

The industry is anticipated to witness 9.3% growth rate during 2023-2032 with rising usage in lifting hydrocarbons to the surface, commercial & industrial water extraction, mine dewatering, drainage, and large water treatment plants.

Asia Pacific electric submersible pump industry will gain traction through 2032 driven by growing deployment in agriculture, wastewater treatment, and building services.

Schlumberger Ltd, Weatherford, Baker Hughes, Flowserve Corporation, EBARA CORPORATION, Atlas Copco AB, WILO SE, Grundfos Holding A/S, Gorman-Rupp Pumps, Crompton Greaves Consumer Electricals Limited, Sulzer Ltd, Tsurumi Manufacturing Co., Ltd., Novomet, and Halliburton.