Global Electric Submersible Pumps Strategic Business Report 2023: Shale Companies Look out for Alternate Technologies

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Dublin, Feb. 01, 2023 (GLOBE NEWSWIRE) -- The "Electric Submersible Pumps - Global Strategic Business Report" report has been added to's offering.

The global market for Electric Submersible Pumps estimated at US$8.1 Billion in the year 2022, is projected to reach a revised size of US$10.7 Billion by 2030, growing at a CAGR of 3.6% over the analysis period 2022-2030.

On-Shore, one of the segments analyzed in the report, is projected to record 3.9% CAGR and reach US$7.9 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Off-Shore segment is readjusted to a revised 2.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 6.1% CAGR

The Electric Submersible Pumps market in the U.S. is estimated at US$2.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2030 trailing a CAGR of 6.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR.

Select Competitors (Total 13 Featured) -

  • Borets Company LLC

  • Falcon Pumps Pvt.Ltd.

  • General Electric Company

  • Grundfos Pumps Corporation

  • Halliburton

  • Novomet-Perm JSC

  • Schlumberger Ltd.

  • Torqueflow Sydex Ltd.

  • Walrus America Inc.

  • Weatherford International Ltd.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

  • Global competitiveness and key competitor percentage market shares

  • Market presence across multiple geographies - Strong/Active/Niche/Trivial

  • Online interactive peer-to-peer collaborative bespoke updates

  • Access to digital archives and Research Platform

  • Complimentary updates for one year

Report Attribute


No. of Pages


Forecast Period

2022 - 2030

Estimated Market Value (USD) in 2022

$8.1 Billion

Forecasted Market Value (USD) by 2030

$10.7 Billion

Compound Annual Growth Rate


Regions Covered


Key Topics Covered:




  • Influencer Market Insights

  • World Market Trajectories

  • Electric Submersible Pumps - Global Key Competitors Percentage Market Share in 2022 (E)

  • Impact of Covid-19 and a Looming Global Recession

  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

  • Market Overview

  • Product Overview

  • Major Regional Markets

  • Permanent Magnet Motor (PMM) ESP System



  • Rise in Integration of AI and Cloud Technology Platforms

  • Companies Seek ESP Systems Upgrades

  • Shale Companies Look out for Alternate Technologies

  • Focus on Innovations on Rise to Address Immediate Challenges

  • Increase in Mining Activities Drives Growth Prospects

  • New Deepwater and Ultra-Deep Water Development Projects is Driving the Electric Submersible Pumps Market

  • Companies Extend Predictive Failure Analytics to ESPs

  • ESP in High Free Gas Applications

  • Oil and Gas Industry Dynamics Drive Demand for Electric Submersible Pump Market.

  • Annual Growth Estimates and Forecasts for Global Demand for Oil: 2017-2023

  • Capital Spending in the Global Oil & Gas Upstream Sector: 2017-2023

  • Increasing Depth of Oil Wells is also Projected to Drive the Market in Near Future.

  • Energy Service Providers Seek Acquisition of Electric Submersible Pump Companies

  • Recent Industry Activity

  • XPV Water Partners Invests in Holland Pump Company.

  • Weatherford International Partners with Valiant Artificial Lift Solutions to Commercialize ESPs.

  • May River Acquires Stancor from Knox Capital Holdings.

  • Franklin Electric Acquires Industrias Rotor Pump S.A.

  • Kirloskar Brothers Launches 'KOSi' Pumps




For more information about this report visit

CONTACT: CONTACT: Laura Wood,Senior Press Manager For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900