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Europe Electric Submersible Pump Market Share

Report ID: GMI12427
Published Date: Nov 2024
Report Format: PDF

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Europe Electric Submersible Pump Market Share

Europe Electric Submersible Pump Company Market Share Analysis,(2023)

Manufacturers such as Altas Copco, EBARA Pumps, Schlumberger, Liancheng Pump, and Sulzer hold about 10%-15% of the total market. They are investing heavily in R&D to create innovative solutions that meet changing industry needs. This includes using more durable materials, improving performance in extreme conditions, and reducing maintenance. With rising energy costs and environmental concerns, manufacturers are also developing energy-efficient pumps. These include variable frequency drives and better motor systems to cut power use and lower costs. By focusing on innovation, R&D, sustainability, industries relationships, and global growth, manufacturers in the market aim to stay competitive and meet the growing demands of industries like oil and gas, water, and wastewater treatment.

Europe Electric Submersible Pump Market Companies

Major players operating in the Europe electric submersible pump industry are:

ANDRITZ Ritz
Atlas Copco
EBARA Pumps
Flowserve
Schlumberger
Holland Pump
Framo
Franklin Electric
Liancheng Pump
Netzsch
Pentax
PRORIL Pumps
Rodelta Pumps International
SAER Elettropompe
Sulzer

Authors: Aviansh Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The European market for electric submersible pump was reached USD 3.3 billion in 2023 and is estimated to grow at a 7.9% CAGR from 2024 to 2032, driven by rising oil and gas exploration activities.

The borewell segment exceeded USD 2.1 billion in 2023 and is projected to grow at a CAGR of around 8% from 2024 to 2032, due to their superior performance in deep water sources.

The multistage segment accounted for approximately 60% of the Europe electric submersible pump market in 2023 and is anticipated to grow at a CAGR of 8% from 2024 to 2032, owing to their versatility and energy efficiency.

The Germany electric submersible pump market exceeded USD 680 million in 2023 and is expected to reach USD 1.37 billion by 2032, led by its strong industrial base and focus on innovation and technology.

Key players in the Europe electric submersible pump industry include ANDRITZ Ritz, Atlas Copco, EBARA Pumps, Flowserve, Schlumberger, Holland Pump, Framo, Franklin Electric, Liancheng Pump, Netzsch, Pentax, PRORIL Pumps, Rodelta Pumps International, SAER Elettropompe, and Sulzer.