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.
This report aims to provide a comprehensive presentation of the global market for Submersible Pump, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Submersible Pump. This report contains market size and forecasts of Submersible Pump in global, including the following market information:
- Global Submersible Pump Market Revenue, 2018-2023, 2024-2029, ($ millions)
- Global Submersible Pump Market Sales, 2018-2023, 2024-2029, (Units)
Global top five Submersible Pump companies in 2022 (%)
The global Submersible Pump market was valued at US$ 8100.9 million in 2022 and is projected to reach US$ 13830 million by 2029, at a CAGR of 7.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Europe is the largest Submersible Pump market with about 28% market share. China is follower, accounting for about 26% market share.The key manufacturers are Grundfos Group, KSB Group, Wilo, Xylem, Tsurumi, DAB pump, Ebara Corporation, Pedrollo S.p.a, Franklin Electric Co., Inc, Sulzer AG, SHIMGE, Kirloskar, Dongyin, Suprasuny, C.R.I PUPMS (Shanghai) Co.,Ltd, Saer Elettropompe S.p.a, Dafu, Yanshan Pump etc. Top 3 companies occupied about 17% market share.
We surveyed the Submersible Pump manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Submersible Pump Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Submersible Pump Market Segment Percentages, by Type, 2022 (%)
- Plastic Submersible Pump
- Cast Iron Submersible Pump
Stainless Steel Submersible Pump
Global Submersible Pump Market, by , 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Submersible Pump Market ApplicationSegment Percentages, by Application, 2022 (%)
- Civil and Commercial Application
- Agricultural Application
- Industrial Application
- Others
Global Submersible Pump Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Submersible Pump Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Submersible Pump revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Submersible Pump revenues share in global market, 2022 (%)
- Key companies Submersible Pump sales in global market, 2018-2023 (Estimated), (Units)
- Key companies Submersible Pump sales share in global market, 2022 (%)
- Further, the report presents profiles of competitors in the market, key players include:
- Grundfos Group
- KSB Group
- Wilo
- Xylem
- Tsurumi
- DAB pump
- Ebara Corporation
- Pedrollo S.p.a
- Franklin Electric Co., Inc
- Sulzer AG
- SHIMGE
- Kirloskar
- Dongyin
- Suprasuny
- C.R.I PUPMS (Shanghai) Co.,Ltd
- Saer Elettropompe S.p.a
- Dafu
- Yanshan Pump
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of Submersible Pump, market overview.
- Chapter 2: Global Submersible Pump market size in revenue and volume.
- Chapter 3: Detailed analysis of Submersible Pump manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Submersible Pump in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: 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 8: Global Submersible Pump capacity by region & country.
- Chapter 9: 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 10: Analysis of industrial chain, including the upstream and downstream of the industry.
- Chapter 11: The main points and conclusions of the report.
