Electric Submersible Pump - ESP Market 2023

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Global Electric Submersible Pumps Market Report 2023
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The base year for the calculation is 2022 and 2018 to 2022 will be historical period. At the same time, data
for the year 2023 will be an estimated one while the forecasted data will be from year 2023 to 2030.
Historical Years
From 2018
Till 2022
Base Year
2022
Forecast Period
From 2023
Till 2030
Primary Research Methodology
Secondary Research Methodology
Market Size Estimation Methodology
Data Triangulation
Business Segment/ Overview:
Investment in Research and Development
Recent Developments:
Business Strategy
SWOT Analysis
Key Drivers, Restraints and Opportunities
Market Attractiveness Analysis for Each Segment and Region
PESTEL Analysis
Porter 5 Force’s Analysis
Value Chain Analysis
North America (United States, Canada, Mexico)
Europe (UK, France, Germany, Italy, Russia, Spain)
Asia Pacific (China, Japan, Korea, India, South East Asia)
South America (Brazil, Argentina, Colombia)
Middle East & Africa (GCC, Egypt, South Africa, Nigeria, Turkey)
1 2
4
3

4
Industry
• Oil & Gas
• Sewage &
Wastewater
• Agriculture
• Building Services
• Geothermal
• Construction
• Others
Wells Operation Capacity
• Borewells
• Open wells
• Single stage
• Multistage
• Low
• Medium
• High
End User Regions
• Onshore
• Offshore
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

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1.1 Research Methodology...............................................................................................28
1.1.1 Primary Research........................................................................................................ 29
1.1.2 Modes of Primary Research:....................................................................................... 30
1.2 Secondary Research Methodology:.............................................................................30
1.3 Market Estimation......................................................................................................31
1.3.1 Top-Down Method ..................................................................................................... 32
1.3.2 Bottom-Up Method .................................................................................................... 32
1.3.3 Data Triangulation ...................................................................................................... 33
1.4 Questionnaire ............................................................................................................34
2.1 Global Electric Submersible Pumps Industry Introduction............................................36
2.2 Objectives of the Study...............................................................................................37
2.3 USP of the Report.......................................................................................................37
2.4 Who is this report for?................................................................................................38
2.5 Regional Fragmentation .............................................................................................38
2.6 Report Duration .........................................................................................................39
2.7 List of Stakeholders ....................................................................................................39
3.1 Global Electric Submersible Pumps Market, 2018 – 2030, (USD Million).......................40
3.2 Global Electric Submersible Pumps Value, Absolute & Opportunity Analysis................40
3.3 Global Electric Submersible Pumps Market Y-o-Y Growth Projection by Region
(2023 - 2030)..............................................................................................................41
3.4 Global Electric Submersible Pumps Market: Snapshot .................................................42
4.1 Product Overview and Scope of Electric Submersible Pumps Market ...........................44
4.2 Global Electric Submersible Pumps Revenue Market by Regions (2018-2030)...............45
4.2.1 North America Electric Submersible Pumps Status and Prospect (2018-2030) ............ 46
4.2.1.1 North America Electric Submersible Pumps Value, Absolute &
Opportunity Analysis .......................................................................................46
4.2.2 Europe Electric Submersible Pumps Status and Prospect (2018-2030) ........................ 47
4.2.2.1 Europe Electric Submersible Pumps Value, Absolute & Opportunity
Analysis............................................................................................................47

6
4.2.3 Asia Pacific Electric Submersible Pumps Status and Prospect (2018-2030).................. 48
4.2.3.1 Asia Pacific Electric Submersible Pumps Value, Absolute &
4.2.4 Latin America Electric Submersible Pumps Status and Prospect (2018-2030).............. 49
4.2.4.1 Latin America Electric Submersible Pumps Value, Absolute &
4.2.5 Middle East and Africa Electric Submersible Pumps Status and Prospect (2018-
2030) .......................................................................................................................... 50
4.2.5.1 Middle East and Africa Electric Submersible Pumps Value, Absolute
& Opportunity Analysis....................................................................................50
4.3 Global Electric Submersible Pumps Market Size (2018-2030) .......................................51
4.3.1 Global Electric Submersible Pumps Revenue Status and Outlook (2018-2030)............ 51
4.4 Global Electric Submersible Pumps Market Price Analysis by Regions (2018-
2030) .........................................................................................................................51
5.1 Global Electric Submersible Pumps Revenue and Share by Manufacturers (2018-
2022) .........................................................................................................................52
5.2 Global Electric Submersible Pumps Mergers and Acquisition Analysis/ Top
Winning Strategies/ New Launches Analysis................................................................54
5.3 Company Categorization.............................................................................................55
5.4 Top Winning Strategies, by Manufacturers (2018-2022)...............................................56
6.1 Overall Company’s Disclosure Score............................................................................57
7.1 Global Electric Submersible Pumps Market – COVID – 19 Impact Analysis....................58
7.1.1 Influencing Factors...................................................................................................... 59
7.1.2 Forecast Assumptions................................................................................................. 59
7.1.3 Impact of COVID-19 on Global Electric Submersible Pumps Market............................ 60
7.1.4 Consumer Buying Behavior on Global Electric Submersible Pumps Market ................ 60
8.1 Market Drivers...........................................................................................................61
8.2 Market Restraints.......................................................................................................62
8.2.1 Restraints for Electric Submersible Pumps Market: Impact Analysis........................... 62
8.3 Opportunity ...............................................................................................................63
8.4 Market Trends............................................................................................................63

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8.5 Technological Road Map.............................................................................................64
8.6 PESTEL Analysis for Electric Submersible Pumps Market..............................................65
8.6.1 Political....................................................................................................................... 65
8.6.2 Economic .................................................................................................................... 65
8.6.3 Social .......................................................................................................................... 66
8.6.4 Technological.............................................................................................................. 66
8.6.5 Legal ........................................................................................................................... 66
8.6.6 Environmental ............................................................................................................ 66
8.7 Porter’s Five Forces Analysis for Electric Submersible Pumps Market...........................67
8.7.1 Power of Suppliers...................................................................................................... 68
8.7.2 Threat of Substitutes .................................................................................................. 69
8.7.3 Potential of New Entrants into an Industry................................................................. 70
8.7.4 Power of Customers.................................................................................................... 71
8.7.5 Competition in the Industry........................................................................................ 72
8.8 Product Life Cycle of Electric Submersible Pumps Market ............................................73
8.9 Market Attractiveness Analysis...................................................................................74
8.9.1 Market Attractiveness Analysis by Type Segment....................................................... 74
8.9.2 Market Attractiveness Analysis by Application Segment ............................................ 75
9.1 Industry chain analysis ...............................................................................................76
9.2 Manufacturing Cost Analysis.......................................................................................76
9.3 Consumer Preference Analysis....................................................................................76
9.4 Supply Side Analysis ...................................................................................................77
9.4.1 Raw Material Analysis ................................................................................................ 77
9.4.2 Raw Material Procurement Analysis ........................................................................... 77
9.4.3 Raw Material Price Trend Analysis.............................................................................. 78
10.1 Patent Analysis...........................................................................................................79
11.1 Global Electric Submersible Pumps Revenue and Market Share (%) by Industry
(2018-2030)................................................................................................................80
11.1.1 Oil & Gas..................................................................................................................... 82
11.1.1.1 Oil & Gas Electric Submersible Pumps Value, Absolute & Opportunity
Analysis............................................................................................................82

8
11.1.1.2 Electric Submersible Pumps Market for Oil & Gas, by Country (2021
Vs 2024)...........................................................................................................83
11.1.2 Sewage & Wastewater................................................................................................ 84
11.1.2.1 Sewage & Wastewater Electric Submersible Pumps Value, Absolute
& Opportunity Analysis....................................................................................84
11.1.2.2 Electric Submersible Pumps Market for Sewage & Wastewater, by
Country (2021 Vs 2024)...................................................................................85
11.1.3 Agriculture.................................................................................................................. 86
11.1.3.1 Agriculture Electric Submersible Pumps Value, Absolute &
11.1.3.2 Electric Submersible Pumps Market for Agriculture, by Country (2021
Vs 2024)...........................................................................................................87
11.1.4 Building Services......................................................................................................... 88
11.1.4.1 Building Services Electric Submersible Pumps Value, Absolute &
11.1.4.2 Electric Submersible Pumps Market for Building Services, by Country
(2021 Vs 2024).................................................................................................89
11.1.5 Geothermal................................................................................................................. 90
11.1.5.1 Geothermal Electric Submersible Pumps Value, Absolute &
11.1.5.2 Electric Submersible Pumps Market for Geothermal, by Country
(2021 Vs 2024).................................................................................................91
11.1.6 Construction ............................................................................................................... 92
11.1.6.1 Construction Electric Submersible Pumps Value, Absolute &
11.1.6.2 Electric Submersible Pumps Market for Construction, by Country
(2021 Vs 2024).................................................................................................93
11.1.7 Others......................................................................................................................... 94
11.1.7.1 Others Electric Submersible Pumps Value, Absolute & Opportunity
Analysis............................................................................................................94
11.1.7.2 Electric Submersible Pumps Market for Others, by Country (2021 Vs
2024)................................................................................................................95
12.1 Global Electric Submersible Pumps Revenue and Market Share (%) by Wells
(2018-2030)................................................................................................................96
12.1.1 Borewells.................................................................................................................... 97
12.1.1.1 Borewells Electric Submersible Pumps Value, Absolute &
12.1.1.2 Electric Submersible Pumps Market for Borewells, by Country (2021
Vs 2024)...........................................................................................................98
12.1.2 Open wells.................................................................................................................. 99

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12.1.2.1 Open wells Electric Submersible Pumps Value, Absolute &
12.1.2.2 Electric Submersible Pumps Market for Open wells, by Country (2021
Vs 2024).........................................................................................................100
13.1 Global Electric Submersible Pumps Revenue and Market Share (%) by Operation
(2018-2030)..............................................................................................................101
13.1.1 Single stage............................................................................................................... 102
13.1.1.1 Single stage Electric Submersible Pumps Value, Absolute &
Opportunity Analysis .....................................................................................102
13.1.1.2 Electric Submersible Pumps Market for Single stage, by Country
(2021 Vs 2024)...............................................................................................103
13.1.2 Multistage ................................................................................................................ 104
13.1.2.1 Multistage Electric Submersible Pumps Value, Absolute &
Opportunity Analysis .....................................................................................104
13.1.2.2 Electric Submersible Pumps Market for Multistage, by Country (2021
Vs 2024).........................................................................................................105
14.1 Global Electric Submersible Pumps Revenue and Market Share (%) by Capacity
(2018-2030)..............................................................................................................106
14.1.1 Low........................................................................................................................... 107
14.1.1.1 Low Electric Submersible Pumps Value, Absolute & Opportunity
Analysis..........................................................................................................107
14.1.1.2 Electric Submersible Pumps Market for Low, by Country (2021 Vs
2024)..............................................................................................................108
14.1.2 Medium.................................................................................................................... 109
14.1.2.1 Medium Electric Submersible Pumps Value, Absolute & Opportunity
Analysis..........................................................................................................109
14.1.2.2 Electric Submersible Pumps Market for Medium, by Country (2021
Vs 2024).........................................................................................................110
14.1.3 High .......................................................................................................................... 111
14.1.3.1 High Electric Submersible Pumps Value, Absolute & Opportunity
Analysis..........................................................................................................111
14.1.3.2 Electric Submersible Pumps Market for High, by Country (2021 Vs
2024)..............................................................................................................112

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15.1 Global Electric Submersible Pumps Revenue and Market Share (%) by
Applications (2018-2030)..........................................................................................113
15.1.1 Onshore.................................................................................................................... 114
15.1.1.1 Onshore Electric Submersible Pumps Value, Absolute & Opportunity
Analysis..........................................................................................................114
15.1.1.2 Electric Submersible Pumps Market for Onshore, by Country (2021
Vs 2024).........................................................................................................115
15.1.2 Offshore.................................................................................................................... 116
15.1.2.1 Offshore Electric Submersible Pumps Value, Absolute & Opportunity
Analysis..........................................................................................................116
15.1.2.2 Electric Submersible Pumps Market for Offshore, by Country (2021
Vs 2024).........................................................................................................117
16.1 Baker Hughes Company............................................................................................119
16.1.1 Baker Hughes Company Basic Information, Manufacturing Base, SalesArea
and its Competitors................................................................................................... 119
16.1.2 Business Segment/ Overview:................................................................................... 120
16.1.3 Financials.................................................................................................................. 120
16.1.4 Investment in Research and Development................................................................ 121
16.1.5 Electric Submersible Pump – ESP Product Types Specification .................................. 122
16.1.6 Recent Developments:.............................................................................................. 122
16.1.7 Business Strategy...................................................................................................... 122
16.1.8 Management Change................................................................................................ 122
16.1.9 Baker Hughes Company S.W.O.T Analysis................................................................. 123
16.1.10 COVID-19 Impact Analysis......................................................................................... 123
16.2 Sulzer Ltd .................................................................................................................124
16.3 Weatherford ............................................................................................................124
16.4 KSB ..........................................................................................................................124
16.5 Multiquip Inc............................................................................................................124
16.6 Hitachi .....................................................................................................................124
16.7 Halliburton...............................................................................................................124
16.8 General Electric........................................................................................................124
16.9 Borets......................................................................................................................124
16.10 SLB...........................................................................................................................124
16.11 Novomet..................................................................................................................124

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17.1 Global Electric Submersible Pumps Revenue and Market Share (%) by region
(2018 - 2030)............................................................................................................126
18.1 North America Electric Submersible Pumps Market by Country, (2018-2030) .............127
18.2 North America Electric Submersible Pumps Market Size (2018-2030).........................127
18.3 North America Electric Submersible Pumps Market Y-o-Y Growth Projection by
Country (2023-2030).................................................................................................128
18.3.1 North America Electric Submersible Pumps Market Revenue (USD Million)
Size by Industry (2018-2030)..................................................................................... 129
18.3.2 North America Electric Submersible Pumps Market Size by Industry 2022 and
2030.......................................................................................................................... 129
Size by Wells (2018-2030) ......................................................................................... 130
18.3.4 North America Electric Submersible Pumps Market Size by Wells 2022 and
2030.......................................................................................................................... 130
Size by Operation (2018-2030).................................................................................. 131
18.3.6 North America Electric Submersible Pumps Market Size by Operation 2022
and 2030................................................................................................................... 131
Size by Capacity (2018-2030)..................................................................................... 132
18.3.8 North America Electric Submersible Pumps Market Size by Capacity 2022 and
2030.......................................................................................................................... 132
Size by Applications (2018-2030) .............................................................................. 133
18.3.10 North America Electric Submersible Pumps Market Size by Applications 2022
and 2030................................................................................................................... 133
18.4 United States ...........................................................................................................134
18.4.1 United States Electric Submersible Pumps Market Revenue (USD Million) Size
by Industry (2018-2030)............................................................................................ 134
18.4.2 United States Electric Submersible Pumps Market Share by Industry in 2022........... 134
by Wells (2018-2030) ................................................................................................ 135
18.4.4 United States Electric Submersible Pumps Market Share by Wells in 2022 ............... 135
by Operation (2018-2030)......................................................................................... 136

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18.4.6 United States Electric Submersible Pumps Market Share by Operation in 2022........ 136
by Capacity (2018-2030)............................................................................................ 137
18.4.8 United States Electric Submersible Pumps Market Share by Capacity in 2022 .......... 137
by Applications (2018-2030) ..................................................................................... 138
18.4.10 United States Electric Submersible Pumps Market Share by Applications in
2022.......................................................................................................................... 138
18.5 Canada.....................................................................................................................139
18.5.1 Canada Electric Submersible Pumps Market Revenue (USD Million) Size by
Industry (2018-2030)................................................................................................. 139
18.5.2 Canada Electric Submersible Pumps Market Share % by Industry in 2022................. 139
Wells (2018-2030)..................................................................................................... 140
18.5.4 Canada Electric Submersible Pumps Market Share % by Wells in 2022 ..................... 140
Operation (2018-2030).............................................................................................. 141
18.5.6 Canada Electric Submersible Pumps Market Share % by Operation in 2022.............. 141
Capacity (2018-2030) ................................................................................................ 142
18.5.8 Canada Electric Submersible Pumps Market Share % by Capacity in 2022 ................ 142
Applications (2018-2030) .......................................................................................... 143
18.5.10 Canada Electric Submersible Pumps Market Share % by Applications in 2022 .......... 143
18.6 Mexico.....................................................................................................................144
18.6.1 Mexico Electric Submersible Pumps Market Revenue (USD Million) Size by
Industry (2018-2030)................................................................................................. 144
18.6.2 Mexico Electric Submersible Pumps Market Share by Industry in 2022 .................... 144
Wells (2018-2030)..................................................................................................... 145
18.6.4 Mexico Electric Submersible Pumps Market Share by Wells in 2022......................... 145
Operation (2018-2030).............................................................................................. 146
18.6.6 Mexico Electric Submersible Pumps Market Share by Operation in 2022 ................. 146
Capacity (2018-2030) ................................................................................................ 147
18.6.8 Mexico Electric Submersible Pumps Market Share by Capacity in 2022 .................... 147
Applications (2018-2030) .......................................................................................... 148

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18.6.10 Mexico Electric Submersible Pumps Market Share by Applications in 2022 .............. 148
19.1 United Kingdom .......................................................................................................149
19.1.1 United Kingdom Electric Submersible Pumps Market Revenue and Share by
Industry (2018-2030)................................................................................................. 149
Wells (2018-2030)..................................................................................................... 149
Operation (2018-2030).............................................................................................. 149
Capacity (2018-2030) ................................................................................................ 149
Applications (2018-2030) .......................................................................................... 149
19.2 France......................................................................................................................150
19.2.1 France Electric Submersible Pumps Market Revenue and Share by Industry
(2018-2030) .............................................................................................................. 150
19.2.2 France Electric Submersible Pumps Market Revenue and Share by Wells
(2018-2030) .............................................................................................................. 150
19.2.3 France Electric Submersible Pumps Market Revenue and Share by Operation
(2018-2030) .............................................................................................................. 150
19.2.4 France Electric Submersible Pumps Market Revenue and Share by Capacity
(2018-2030) .............................................................................................................. 150
19.2.5 France Electric Submersible Pumps Market Revenue and Share by
Applications (2018-2030) .......................................................................................... 150
19.3 Germany..................................................................................................................150
19.3.1 Germany Electric Submersible Pumps Market Revenue and Share by Industry
(2018-2030) .............................................................................................................. 150
19.3.2 Germany Electric Submersible Pumps Market Revenue and Share by Wells
(2018-2030) .............................................................................................................. 150
19.3.3 Germany Electric Submersible Pumps Market Revenue and Share by
Operation (2018-2030).............................................................................................. 150
19.3.4 Germany Electric Submersible Pumps Market Revenue and Share by Capacity
(2018-2030) .............................................................................................................. 150
19.3.5 Germany Electric Submersible Pumps Market Revenue and Share by
Applications (2018-2030) .......................................................................................... 150
19.4 Italy .........................................................................................................................151
19.4.1 Italy Electric Submersible Pumps Market Revenue and Share by Industry
(2018-2030) .............................................................................................................. 151

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19.4.2 Italy Electric Submersible Pumps Market Revenue and Share by Wells (2018-
2030) ........................................................................................................................ 151
19.4.3 Italy Electric Submersible Pumps Market Revenue and Share by Operation
(2018-2030) .............................................................................................................. 151
19.4.4 Italy Electric Submersible Pumps Market Revenue and Share by Capacity
(2018-2030) .............................................................................................................. 151
19.4.5 Italy Electric Submersible Pumps Market Revenue and Share by Applications
(2018-2030) .............................................................................................................. 151
19.5 Russia ......................................................................................................................151
19.5.1 Russia Electric Submersible Pumps Market Revenue and Share by Industry
(2018-2030) .............................................................................................................. 151
19.5.2 Russia Electric Submersible Pumps Market Revenue and Share by Wells
(2018-2030) .............................................................................................................. 151
19.5.3 Russia Electric Submersible Pumps Market Revenue and Share by Operation
(2018-2030) .............................................................................................................. 151
19.5.4 Russia Electric Submersible Pumps Market Revenue and Share by Capacity
(2018-2030) .............................................................................................................. 151
19.5.5 Russia Electric Submersible Pumps Market Revenue and Share by
Applications (2018-2030) .......................................................................................... 151
19.6 Spain........................................................................................................................152
19.6.1 Spain Electric Submersible Pumps Market Revenue and Share by Industry
(2018-2030) .............................................................................................................. 152
19.6.2 Spain Electric Submersible Pumps Market Revenue and Share by Wells (2018-
2030) ........................................................................................................................ 152
19.6.3 Spain Electric Submersible Pumps Market Revenue and Share by Operation
(2018-2030) .............................................................................................................. 152
19.6.4 Spain Electric Submersible Pumps Market Revenue and Share by Capacity
(2018-2030) .............................................................................................................. 152
19.6.5 Spain Electric Submersible Pumps Market Revenue and Share by Applications
(2018-2030) .............................................................................................................. 152
19.7 Sweden....................................................................................................................152
19.7.1 Sweden Electric Submersible Pumps Market Revenue and Share by Industry
(2018-2030) .............................................................................................................. 152
19.7.2 Sweden Electric Submersible Pumps Market Revenue and Share by Wells
(2018-2030) .............................................................................................................. 152
19.7.3 Sweden Electric Submersible Pumps Market Revenue and Share by Operation
(2018-2030) .............................................................................................................. 152
19.7.4 Sweden Electric Submersible Pumps Market Revenue and Share by Capacity
(2018-2030) .............................................................................................................. 152

15
19.7.5 Sweden Electric Submersible Pumps Market Revenue and Share by
Applications (2018-2030) .......................................................................................... 152
19.8 Denmark..................................................................................................................153
19.8.1 Denmark Electric Submersible Pumps Market Revenue and Share by Industry
(2018-2030) .............................................................................................................. 153
19.8.2 Denmark Electric Submersible Pumps Market Revenue and Share by Wells
(2018-2030) .............................................................................................................. 153
19.8.3 Denmark Electric Submersible Pumps Market Revenue and Share by
Operation (2018-2030).............................................................................................. 153
19.8.4 Denmark Electric Submersible Pumps Market Revenue and Share by Capacity
(2018-2030) .............................................................................................................. 153
19.8.5 Denmark Electric Submersible Pumps Market Revenue and Share by
Applications (2018-2030) .......................................................................................... 153
19.9 Netherlands .............................................................................................................153
19.9.1 Netherlands Electric Submersible Pumps Market Revenue and Share by
Industry (2018-2030)................................................................................................. 153
19.9.2 Netherlands Electric Submersible Pumps Market Revenue and Share by Wells
(2018-2030) .............................................................................................................. 153
Operation (2018-2030).............................................................................................. 153
Capacity (2018-2030) ................................................................................................ 153
Applications (2018-2030) .......................................................................................... 153
19.10 Switzerland..............................................................................................................154
19.10.1 Switzerland Electric Submersible Pumps Market Revenue and Share by
Industry (2018-2030)................................................................................................. 154
19.10.2 Switzerland Electric Submersible Pumps Market Revenue and Share by Wells
(2018-2030) .............................................................................................................. 154
Operation (2018-2030).............................................................................................. 154
Capacity (2018-2030) ................................................................................................ 154
Applications (2018-2030) .......................................................................................... 154
19.11 Belgium....................................................................................................................154
19.11.1 Belgium Electric Submersible Pumps Market Revenue and Share by Industry
(2018-2030) .............................................................................................................. 154
19.11.2 Belgium Electric Submersible Pumps Market Revenue and Share by Wells
(2018-2030) .............................................................................................................. 154

16
19.11.3 Belgium Electric Submersible Pumps Market Revenue and Share by Operation
(2018-2030) .............................................................................................................. 154
19.11.4 Belgium Electric Submersible Pumps Market Revenue and Share by Capacity
(2018-2030) .............................................................................................................. 154
19.11.5 Belgium Electric Submersible Pumps Market Revenue and Share by
Applications (2018-2030) .......................................................................................... 154
19.12 Rest of Europe..........................................................................................................155
19.12.1 Rest of Europe Electric Submersible Pumps Market Revenue and Share by
Industry (2018-2030)................................................................................................. 155
Wells (2018-2030)..................................................................................................... 155
Operation (2018-2030).............................................................................................. 155
Capacity (2018-2030) ................................................................................................ 155
Applications (2018-2030) .......................................................................................... 155
20.1 China .......................................................................................................................156
20.1.1 China Electric Submersible Pumps Market Revenue and Share by Industry
(2018-2030) .............................................................................................................. 156
20.1.2 China Electric Submersible Pumps Market Revenue and Share by Wells (2018-
2030) ........................................................................................................................ 156
20.1.3 China Electric Submersible Pumps Market Revenue and Share by Operation
(2018-2030) .............................................................................................................. 156
20.1.4 China Electric Submersible Pumps Market Revenue and Share by Capacity
(2018-2030) .............................................................................................................. 156
20.1.5 China Electric Submersible Pumps Market Revenue and Share by Applications
(2018-2030) .............................................................................................................. 156
20.2 Japan .......................................................................................................................157
20.2.1 Japan Electric Submersible Pumps Market Revenue and Share by Industry
(2018-2030) .............................................................................................................. 157
20.2.2 Japan Electric Submersible Pumps Market Revenue and Share by Wells (2018-
2030) ........................................................................................................................ 157
20.2.3 Japan Electric Submersible Pumps Market Revenue and Share by Operation
(2018-2030) .............................................................................................................. 157
20.2.4 Japan Electric Submersible Pumps Market Revenue and Share by Capacity
(2018-2030) .............................................................................................................. 157

17
20.2.5 Japan Electric Submersible Pumps Market Revenue and Share by Applications
(2018-2030) .............................................................................................................. 157
20.3 Korea.......................................................................................................................157
20.3.1 Korea Electric Submersible Pumps Market Revenue and Share by Industry
(2018-2030) .............................................................................................................. 157
20.3.2 Korea Electric Submersible Pumps Market Revenue and Share by Wells (2018-
2030) ........................................................................................................................ 157
20.3.3 Korea Electric Submersible Pumps Market Revenue and Share by Operation
(2018-2030) .............................................................................................................. 157
20.3.4 Korea Electric Submersible Pumps Market Revenue and Share by Capacity
(2018-2030) .............................................................................................................. 157
20.3.5 Korea Electric Submersible Pumps Market Revenue and Share by Applications
(2018-2030) .............................................................................................................. 157
20.4 India ........................................................................................................................158
20.4.1 India Electric Submersible Pumps Market Revenue and Share by Industry
(2018-2030) .............................................................................................................. 158
20.4.2 India Electric Submersible Pumps Market Revenue and Share by Wells (2018-
2030) ........................................................................................................................ 158
20.4.3 India Electric Submersible Pumps Market Revenue and Share by Operation
(2018-2030) .............................................................................................................. 158
20.4.4 India Electric Submersible Pumps Market Revenue and Share by Capacity
(2018-2030) .............................................................................................................. 158
20.4.5 India Electric Submersible Pumps Market Revenue and Share by Applications
(2018-2030) .............................................................................................................. 158
20.5 Australia ..................................................................................................................158
20.5.1 Australia Electric Submersible Pumps Market Revenue and Share by Industry
(2018-2030) .............................................................................................................. 158
20.5.2 Australia Electric Submersible Pumps Market Revenue and Share by Wells
(2018-2030) .............................................................................................................. 158
20.5.3 Australia Electric Submersible Pumps Market Revenue and Share by
Operation (2018-2030).............................................................................................. 158
20.5.4 Australia Electric Submersible Pumps Market Revenue and Share by Capacity
(2018-2030) .............................................................................................................. 158
20.5.5 Australia Electric Submersible Pumps Market Revenue and Share by
Applications (2018-2030) .......................................................................................... 158
20.6 Philippines ...............................................................................................................159
20.6.1 Philippines Electric Submersible Pumps Market Revenue and Share by
Industry (2018-2030)................................................................................................. 159
20.6.2 Philippines Electric Submersible Pumps Market Revenue and Share by Wells
(2018-2030) .............................................................................................................. 159

18
Operation (2018-2030).............................................................................................. 159
Capacity (2018-2030) ................................................................................................ 159
Applications (2018-2030) .......................................................................................... 159
20.7 Singapore.................................................................................................................159
20.7.1 Singapore Electric Submersible Pumps Market Revenue and Share by Industry
(2018-2030) .............................................................................................................. 159
20.7.2 Singapore Electric Submersible Pumps Market Revenue and Share by Wells
(2018-2030) .............................................................................................................. 159
20.7.3 Singapore Electric Submersible Pumps Market Revenue and Share by
Operation (2018-2030).............................................................................................. 159
20.7.4 Singapore Electric Submersible Pumps Market Revenue and Share by Capacity
(2018-2030) .............................................................................................................. 159
20.7.5 Singapore Electric Submersible Pumps Market Revenue and Share by
Applications (2018-2030) .......................................................................................... 159
20.8 Malaysia ..................................................................................................................160
20.8.1 Malaysia Electric Submersible Pumps Market Revenue and Share by Industry
(2018-2030) .............................................................................................................. 160
20.8.2 Malaysia Electric Submersible Pumps Market Revenue and Share by Wells
(2018-2030) .............................................................................................................. 160
20.8.3 Malaysia Electric Submersible Pumps Market Revenue and Share by
Operation (2018-2030).............................................................................................. 160
20.8.4 Malaysia Electric Submersible Pumps Market Revenue and Share by Capacity
(2018-2030) .............................................................................................................. 160
20.8.5 Malaysia Electric Submersible Pumps Market Revenue and Share by
Applications (2018-2030) .......................................................................................... 160
20.9 Thailand...................................................................................................................160
20.9.1 Thailand Electric Submersible Pumps Market Revenue and Share by Industry
(2018-2030) .............................................................................................................. 160
20.9.2 Thailand Electric Submersible Pumps Market Revenue and Share by Wells
(2018-2030) .............................................................................................................. 160
20.9.3 Thailand Electric Submersible Pumps Market Revenue and Share by
Operation (2018-2030).............................................................................................. 160
20.9.4 Thailand Electric Submersible Pumps Market Revenue and Share by Capacity
(2018-2030) .............................................................................................................. 160
20.9.5 Thailand Electric Submersible Pumps Market Revenue and Share by
Applications (2018-2030) .......................................................................................... 160
20.10 Indonesia.................................................................................................................161

19
20.10.1 Indonesia Electric Submersible Pumps Market Revenue and Share by Industry
(2018-2030) .............................................................................................................. 161
20.10.2 Indonesia Electric Submersible Pumps Market Revenue and Share by Wells
(2018-2030) .............................................................................................................. 161
20.10.3 Indonesia Electric Submersible Pumps Market Revenue and Share by
Operation (2018-2030).............................................................................................. 161
20.10.4 Indonesia Electric Submersible Pumps Market Revenue and Share by Capacity
(2018-2030) .............................................................................................................. 161
20.10.5 Indonesia Electric Submersible Pumps Market Revenue and Share by
Applications (2018-2030) .......................................................................................... 161
20.11 Rest of APAC ............................................................................................................161
20.11.1 Rest of APAC Electric Submersible Pumps Market Revenue and Share by
Industry (2018-2030)................................................................................................. 161
20.11.2 Rest of APAC Electric Submersible Pumps Market Revenue and Share by Wells
(2018-2030) .............................................................................................................. 161
Operation (2018-2030).............................................................................................. 161
Capacity (2018-2030) ................................................................................................ 161
Applications (2018-2030) .......................................................................................... 161
21.1 Brazil .......................................................................................................................162
21.1.1 Brazil Electric Submersible Pumps Market Revenue and Share by Industry
(2018-2030) .............................................................................................................. 162
21.1.2 Brazil Electric Submersible Pumps Market Revenue and Share by Wells (2018-
2030) ........................................................................................................................ 162
21.1.3 Brazil Electric Submersible Pumps Market Revenue and Share by Operation
(2018-2030) .............................................................................................................. 162
21.1.4 Brazil Electric Submersible Pumps Market Revenue and Share by Capacity
(2018-2030) .............................................................................................................. 162
21.1.5 Brazil Electric Submersible Pumps Market Revenue and Share by Applications
(2018-2030) .............................................................................................................. 162
21.2 Argentina.................................................................................................................163
21.2.1 Argentina Electric Submersible Pumps Market Revenue and Share by Industry
(2018-2030) .............................................................................................................. 163
21.2.2 Argentina Electric Submersible Pumps Market Revenue and Share by Wells
(2018-2030) .............................................................................................................. 163

20
21.2.3 Argentina Electric Submersible Pumps Market Revenue and Share by
Operation (2018-2030).............................................................................................. 163
21.2.4 Argentina Electric Submersible Pumps Market Revenue and Share by Capacity
(2018-2030) .............................................................................................................. 163
21.2.5 Argentina Electric Submersible Pumps Market Revenue and Share by
Applications (2018-2030) .......................................................................................... 163
21.3 Colombia .................................................................................................................163
21.3.1 Colombia Electric Submersible Pumps Market Revenue and Share by Industry
(2018-2030) .............................................................................................................. 163
21.3.2 Colombia Electric Submersible Pumps Market Revenue and Share by Wells
(2018-2030) .............................................................................................................. 163
21.3.3 Colombia Electric Submersible Pumps Market Revenue and Share by
Operation (2018-2030).............................................................................................. 163
21.3.4 Colombia Electric Submersible Pumps Market Revenue and Share by Capacity
(2018-2030) .............................................................................................................. 163
21.3.5 Colombia Electric Submersible Pumps Market Revenue and Share by
Applications (2018-2030) .......................................................................................... 163
21.4 Peru.........................................................................................................................164
21.4.1 Peru Electric Submersible Pumps Market Revenue and Share by Industry
(2018-2030) .............................................................................................................. 164
21.4.2 Peru Electric Submersible Pumps Market Revenue and Share by Wells (2018-
2030) ........................................................................................................................ 164
21.4.3 Peru Electric Submersible Pumps Market Revenue and Share by Operation
(2018-2030) .............................................................................................................. 164
21.4.4 Peru Electric Submersible Pumps Market Revenue and Share by Capacity
(2018-2030) .............................................................................................................. 164
21.4.5 Peru Electric Submersible Pumps Market Revenue and Share by Applications
(2018-2030) .............................................................................................................. 164
21.5 Chile ........................................................................................................................164
21.5.1 Chile Electric Submersible Pumps Market Revenue and Share by Industry
(2018-2030) .............................................................................................................. 164
21.5.2 Chile Electric Submersible Pumps Market Revenue and Share by Wells (2018-
2030) ........................................................................................................................ 164
21.5.3 Chile Electric Submersible Pumps Market Revenue and Share by Operation
(2018-2030) .............................................................................................................. 164
21.5.4 Chile Electric Submersible Pumps Market Revenue and Share by Capacity
(2018-2030) .............................................................................................................. 164
21.5.5 Chile Electric Submersible Pumps Market Revenue and Share by Applications
(2018-2030) .............................................................................................................. 164
21.6 Rest of South America ..............................................................................................165

21
21.6.1 Rest of South America Electric Submersible Pumps Market Revenue and Share
by Industry (2018-2030)............................................................................................ 165
by Wells (2018-2030) ................................................................................................ 165
by Operation (2018-2030)......................................................................................... 165
by Capacity (2018-2030)............................................................................................ 165
by Applications (2018-2030) ..................................................................................... 165
22.1 Saudi Arabia.............................................................................................................166
22.1.1 Saudi Arabia Electric Submersible Pumps Market Revenue and Share by
Industry (2018-2030)................................................................................................. 166
22.1.2 Saudi Arabia Electric Submersible Pumps Market Revenue and Share by Wells
(2018-2030) .............................................................................................................. 166
Operation (2018-2030).............................................................................................. 166
Capacity (2018-2030) ................................................................................................ 166
Applications (2018-2030) .......................................................................................... 166
22.2 Turkey .....................................................................................................................167
22.2.1 Turkey Electric Submersible Pumps Market Revenue and Share by Industry
(2018-2030) .............................................................................................................. 167
22.2.2 Turkey Electric Submersible Pumps Market Revenue and Share by Wells
(2018-2030) .............................................................................................................. 167
22.2.3 Turkey Electric Submersible Pumps Market Revenue and Share by Operation
(2018-2030) .............................................................................................................. 167
22.2.4 Turkey Electric Submersible Pumps Market Revenue and Share by Capacity
(2018-2030) .............................................................................................................. 167
22.2.5 Turkey Electric Submersible Pumps Market Revenue and Share by
Applications (2018-2030) .......................................................................................... 167
22.3 Nigeria.....................................................................................................................167
22.3.1 Nigeria Electric Submersible Pumps Market Revenue and Share by Industry
(2018-2030) .............................................................................................................. 167
22.3.2 Nigeria Electric Submersible Pumps Market Revenue and Share by Wells
(2018-2030) .............................................................................................................. 167

22
22.3.3 Nigeria Electric Submersible Pumps Market Revenue and Share by Operation
(2018-2030) .............................................................................................................. 167
22.3.4 Nigeria Electric Submersible Pumps Market Revenue and Share by Capacity
(2018-2030) .............................................................................................................. 167
22.3.5 Nigeria Electric Submersible Pumps Market Revenue and Share by
Applications (2018-2030) .......................................................................................... 167
22.4 UAE..........................................................................................................................168
22.4.1 UAE Electric Submersible Pumps Market Revenue and Share by Industry
(2018-2030) .............................................................................................................. 168
22.4.2 UAE Electric Submersible Pumps Market Revenue and Share by Wells (2018-
2030) ........................................................................................................................ 168
22.4.3 UAE Electric Submersible Pumps Market Revenue and Share by Operation
(2018-2030) .............................................................................................................. 168
22.4.4 UAE Electric Submersible Pumps Market Revenue and Share by Capacity
(2018-2030) .............................................................................................................. 168
22.4.5 UAE Electric Submersible Pumps Market Revenue and Share by Applications
(2018-2030) .............................................................................................................. 168
22.5 Egypt .......................................................................................................................168
22.5.1 Egypt Electric Submersible Pumps Market Revenue and Share by Industry
(2018-2030) .............................................................................................................. 168
22.5.2 Egypt Electric Submersible Pumps Market Revenue and Share by Wells (2018-
2030) ........................................................................................................................ 168
22.5.3 Egypt Electric Submersible Pumps Market Revenue and Share by Operation
(2018-2030) .............................................................................................................. 168
22.5.4 Egypt Electric Submersible Pumps Market Revenue and Share by Capacity
(2018-2030) .............................................................................................................. 168
22.5.5 Egypt Electric Submersible Pumps Market Revenue and Share by Applications
(2018-2030) .............................................................................................................. 168
22.6 South Africa .............................................................................................................169
22.6.1 South Africa Electric Submersible Pumps Market Revenue and Share by
Industry (2018-2030)................................................................................................. 169
22.6.2 South Africa Electric Submersible Pumps Market Revenue and Share by Wells
(2018-2030) .............................................................................................................. 169
Operation (2018-2030).............................................................................................. 169
Capacity (2018-2030) ................................................................................................ 169
Applications (2018-2030) .......................................................................................... 169
22.7 GCC Countries ..........................................................................................................169

23
22.7.1 GCC Countries Electric Submersible Pumps Market Revenue and Share by
Industry (2018-2030)................................................................................................. 169
Wells (2018-2030)..................................................................................................... 169
Operation (2018-2030).............................................................................................. 169
Capacity (2018-2030) ................................................................................................ 169
Applications (2018-2030) .......................................................................................... 169
22.8 Rest of MEA .............................................................................................................170
22.8.1 Rest of MEA Electric Submersible Pumps Market Revenue and Share by
Industry (2018-2030)................................................................................................. 170
22.8.2 Rest of MEA Electric Submersible Pumps Market Revenue and Share by Wells
(2018-2030) .............................................................................................................. 170
Operation (2018-2030).............................................................................................. 170
Capacity (2018-2030) ................................................................................................ 170
Applications (2018-2030) .......................................................................................... 170
23.1 Key Takeaways.........................................................................................................171
23.2 Analyst Point of View ...............................................................................................171

24
FIG. 1 Primary Research Method 29
FIG. 2 Market Research Process 30
FIG. 3 Source of Secondary Research 31
FIG. 4 Top-Down Method 32
FIG. 5 Bottom-Up Method 32
FIG. 6 Data Triangulation 33
FIG. 7 Global Electric Submersible Pumps Market, 2018 – 2030, (USD Million) 40
FIG. 8 Global Electric Submersible Pumps Value, Absolute & Opportunity Analysis 40
FIG. 9 Global Electric Submersible Pumps Market, Y-o-Y Growth Projection (2023-2030) 41
FIG. 10 Global Electric Submersible Pumps Revenue Market Share (%) by Regions in 2018, 2022, 2030 45
FIG. 11 North America Electric Submersible Pumps Revenue (USD Million) and Growth Rate (2018-2030) 46
FIG. 12 North America Electric Submersible Pumps Value, Absolute & Opportunity Analysis 46
FIG. 13 Europe Electric Submersible Pumps Revenue (USD Million) and Growth Rate (2018-2030) 47
FIG. 14 Europe Electric Submersible Pumps Value, Absolute & Opportunity Analysis 47
FIG. 15 Asia Pacific Electric Submersible Pumps Revenue (USD Million) and Growth Rate (2018-2030) 48
FIG. 16 Asia Pacific Electric Submersible Pumps Value, Absolute & Opportunity Analysis 48
FIG. 17 Latin America Electric Submersible Pumps Revenue (USD Million) and Growth Rate (2018-2030) 49
FIG. 18 Latin America Electric Submersible Pumps Value, Absolute & Opportunity Analysis 49
FIG. 19 Middle East and Africa Electric Submersible Pumps Revenue (USD Million) and Growth Rate (2018-
2030) 50
FIG. 20 Middle East and Africa Electric Submersible Pumps Value, Absolute & Opportunity Analysis 50
FIG. 21 Global Electric Submersible Pumps Revenue (USD Million) Status and Outlook (2018-2030) 51
FIG. 22 Global Electric Submersible Pumps Revenue Share by Manufacturers 53
FIG. 23 Top Winning Strategies, by Manufacturers (2018-2022) 56
FIG. 24 Overall Company’s Disclosure Score 57
FIG. 25 Global Electric Submersible Pumps Market – PESTEL Analysis 65
FIG. 26 Porter’s Five Forces Analysis 67
FIG. 27 Power of Suppliers 68
FIG. 28 Threat of Substitutes 69
FIG. 29 Potential of New Entrants into an Industry 70
FIG. 30 Power of Customers 71
FIG. 31 Competition in the Industry 72
FIG. 32 Product Life Cycle 73
FIG. 33 Market Attractiveness Analysis by Type Segment 74
FIG. 34 Market Attractiveness Analysis by Application Segment 75
FIG. 35 Value Chain Analysis of Electric Submersible Pumps Market 76
FIG. 36 2022 Revenue Market Share (%) of Electric Submersible Pumps by Industry 81
FIG. 37 Global Oil & Gas Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 82
FIG. 38 Global Oil & Gas Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 82
FIG. 39 Electric Submersible Pumps Market for Oil & Gas, by Country (2021 Vs 2024) 83
FIG. 40 Global Sewage & Wastewater Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 84
FIG. 41 Global Sewage & Wastewater Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 84
FIG. 42 Electric Submersible Pumps Market for Sewage & Wastewater, by Country (2021 Vs 2024) 85
FIG. 43 Global Agriculture Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 86
FIG. 44 Global Agriculture Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 86

25
FIG. 45 Electric Submersible Pumps Market for Agriculture, by Country (2021 Vs 2024) 87
FIG. 46 Global Building Services Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 88
FIG. 47 Global Building Services Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 88
FIG. 48 Electric Submersible Pumps Market for Building Services, by Country (2021 Vs 2024) 89
FIG. 49 Global Geothermal Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 90
FIG. 50 Global Geothermal Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 90
FIG. 51 Electric Submersible Pumps Market for Geothermal, by Country (2021 Vs 2024) 91
FIG. 52 Global Construction Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 92
FIG. 53 Global Construction Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 92
FIG. 54 Electric Submersible Pumps Market for Construction, by Country (2021 Vs 2024) 93
FIG. 55 Global Others Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 94
FIG. 56 Global Others Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 94
FIG. 57 Electric Submersible Pumps Market for Others, by Country (2021 Vs 2024) 95
FIG. 58 2022 Revenue Market Share (%) of Electric Submersible Pumps by Wells 96
FIG. 59 Global Borewells Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 97
FIG. 60 Global Borewells Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 97
FIG. 61 Electric Submersible Pumps Market for Borewells, by Country (2021 Vs 2024) 98
FIG. 62 Global Open wells Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 99
FIG. 63 Global Open wells Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 99
FIG. 64 Electric Submersible Pumps Market for Open wells, by Country (2021 Vs 2024) 100
FIG. 65 2022 Revenue Market Share (%) of Electric Submersible Pumps by Operation 101
FIG. 66 Global Single stage Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 102
FIG. 67 Global Single stage Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 102
FIG. 68 Electric Submersible Pumps Market for Single stage, by Country (2021 Vs 2024) 103
FIG. 69 Global Multistage Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 104
FIG. 70 Global Multistage Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 104
FIG. 71 Electric Submersible Pumps Market for Multistage, by Country (2021 Vs 2024) 105
FIG. 72 2022 Revenue Market Share (%) of Electric Submersible Pumps by Capacity 106
FIG. 73 Global Low Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 107
FIG. 74 Global Low Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 107
FIG. 75 Electric Submersible Pumps Market for Low, by Country (2021 Vs 2024) 108
FIG. 76 Global Medium Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 109
FIG. 77 Global Medium Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 109
FIG. 78 Electric Submersible Pumps Market for Medium, by Country (2021 Vs 2024) 110
FIG. 79 Global High Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 111
FIG. 80 Global High Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 111
FIG. 81 Electric Submersible Pumps Market for High, by Country (2021 Vs 2024) 112
FIG. 82 2022 Revenue Market Share (%) of Electric Submersible Pumps by Applications 113
FIG. 83 Global Onshore Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 114
FIG. 84 Global Onshore Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 114
FIG. 85 Electric Submersible Pumps Market for Onshore, by Country (2021 Vs 2024) 115
FIG. 86 Global Offshore Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 116
FIG. 87 Global Offshore Market Revenue (USD Million) and Growth Rate (%), (2018 – 2030) 116
FIG. 88 Electric Submersible Pumps Market for Offshore, by Country (2021 Vs 2024) 117
FIG. 89 Baker Hughes Company Revenue Market Share (%) (2018-2022) 120
FIG. 90 Baker Hughes Company R&D Investment (USD Million) (2020-2021) 121
FIG. 91 Baker Hughes Company Net Sales, By Segments (2020-2021) (USD Million) 121

26
FIG. 92 Baker Hughes Company Net Sales, By Region (2020-2021) 121
FIG. 93 2018, 2022 and 2030 Revenue Market Share (%) of Electric Submersible Pumps by Region 126
FIG. 94 North America Electric Submersible Pumps Market Share (%) by Country (2018-2030) 127
FIG. 95 North America Electric Submersible Pumps Market Y-o-Y Growth Projection 128
FIG. 96 North America Electric Submersible Pumps Market Size by Industry 2022 and 2030 129
FIG. 97 North America Electric Submersible Pumps Market Size by Wells 2022 and 2030 130
FIG. 98 North America Electric Submersible Pumps Market Size by Operation 2022 and 2030 131
FIG. 99 North America Electric Submersible Pumps Market Size by Capacity 2022 and 2030 132
FIG. 100 North America Electric Submersible Pumps Market Size by Applications 2022 and 2030 133
FIG. 101 United States Electric Submersible Pumps Market Share % by Industry in 2022 134
FIG. 102 United States Electric Submersible Pumps Market Share % by Wells in 2022 135
FIG. 103 United States Electric Submersible Pumps Market Share % by Operation in 2022 136
FIG. 104 United States Electric Submersible Pumps Market Share % by Capacity in 2022 137
FIG. 105 United States Electric Submersible Pumps Market Share % by Applications in 2022 138
FIG. 106 Canada Electric Submersible Pumps Market Share % by Industry in 2022 139
FIG. 107 Canada Electric Submersible Pumps Market Share % by Wells in 2022 140
FIG. 108 Canada Electric Submersible Pumps Market Share % by Operation in 2022 141
FIG. 109 Canada Electric Submersible Pumps Market Share % by Capacity in 2022 142
FIG. 110 Canada Electric Submersible Pumps Market Share % by Applications in 2022 143
FIG. 111 Mexico Electric Submersible Pumps Market Share % by Industry in 2022 144
FIG. 112 Mexico Electric Submersible Pumps Market Share % by Wells in 2022 145
FIG. 113 Mexico Electric Submersible Pumps Market Share % by Operation in 2022 146
FIG. 114 Mexico Electric Submersible Pumps Market Share % by Capacity in 2022 147
FIG. 115 Mexico Electric Submersible Pumps Market Share % by Applications in 2022 148

27
TABLE 1 Market Snapshot 42
TABLE 2 Electric Submersible Pumps Market Revenue (USD Million) Comparison by Regions (2018-2030) 45
TABLE 3 Global Electric Submersible Pumps Market Price Analysis (USD Million) by Regions, 2018-2030 51
TABLE 4 Global Electric Submersible Pumps Revenue (USD Million) by Manufacturers (2018-2022) 52
TABLE 5 Global Electric Submersible Pumps Revenue Share by Manufacturers (2018-2022) 53
TABLE 6 Global Electric Submersible Pumps Market: Market Evaluation Framework 54
TABLE 7 Restraints For Electric Submersible Pumps Market: Impact Analysis 62
TABLE 8 Price Trend Analysis 78
TABLE 9 Global Electric Submersible Pumps Revenue (USD Million) by Industry (2018-2030) 80
TABLE 10 Global Electric Submersible Pumps Revenue Share (%) by Industry (2018-2030) 80
TABLE 11 Global Electric Submersible Pumps Revenue (USD Million) by Wells (2018-2030) 96
TABLE 12 Global Electric Submersible Pumps Revenue Share (%) by Wells (2018-2030) 96
TABLE 13 Global Electric Submersible Pumps Revenue (USD Million) by Operation (2018-2030) 101
TABLE 14 Global Electric Submersible Pumps Revenue Share (%) by Operation (2018-2030) 101
TABLE 15 Global Electric Submersible Pumps Revenue (USD Million) by Capacity (2018-2030) 106
TABLE 16 Global Electric Submersible Pumps Revenue Share (%) by Capacity (2018-2030) 106
TABLE 17 Global Electric Submersible Pumps Revenue (USD Million) by Applications (2018-2030) 113
TABLE 18 Global Electric Submersible Pumps Revenue Share (%) by Applications (2018-2030) 113
TABLE 19 Baker Hughes Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 119
TABLE 20 Baker Hughes Company Revenue (USD Million), Gross Margin (%) and Market Share (%) (2018-2022) 120
TABLE 21 Global Electric Submersible Pumps Revenue (USD Billion) by Region (2018- 2030) 126
TABLE 22 North America Electric Submersible Pumps Market by Country Revenue, 2018-2030 127
TABLE 23 North America Electric Submersible Pumps Market (USD Million) Size by Industry (2018-2030) 129
TABLE 24 North America Electric Submersible Pumps Market (USD Million) Size by Wells (2018-2030) 130
TABLE 25 North America Electric Submersible Pumps Market (USD Million) Size by Operation (2018-2030) 131
TABLE 26 North America Electric Submersible Pumps Market (USD Million) Size by Capacity (2018-2030) 132
TABLE 27 North America Electric Submersible Pumps Market (USD Million) Size by Applications (2018-2030) 133
TABLE 28 United States Electric Submersible Pumps Market (USD Million) Size by Industry (2018-2030) 134
TABLE 29 United States Electric Submersible Pumps Market (USD Million) Size by Wells (2018-2030) 135
TABLE 30 United States Electric Submersible Pumps Market (USD Million) Size by Operation (2018-2030) 136
TABLE 31 United States Electric Submersible Pumps Market (USD Million) Size by Capacity (2018-2030) 137
TABLE 32 United States Electric Submersible Pumps Market (USD Million) Size by Applications (2018-2030) 138
TABLE 33 Canada Electric Submersible Pumps Market (USD Million) Size by Industry (2018-2030) 139
TABLE 34 Canada Electric Submersible Pumps Market (USD Million) Size by Wells (2018-2030) 140
TABLE 35 Canada Electric Submersible Pumps Market (USD Million) Size by Operation (2018-2030) 141
TABLE 36 Canada Electric Submersible Pumps Market (USD Million) Size by Capacity (2018-2030) 142
TABLE 37 Canada Electric Submersible Pumps Market (USD Million) Size by Applications (2018-2030) 143
TABLE 38 Mexico Electric Submersible Pumps Market (USD Million) Size by Industry (2018-2030) 144
TABLE 39 Mexico Electric Submersible Pumps Market (USD Million) Size by Wells (2018-2030) 145
TABLE 40 Mexico Electric Submersible Pumps Market (USD Million) Size by Operation (2018-2030) 146
TABLE 41 Mexico Electric Submersible Pumps Market (USD Million) Size by Capacity (2018-2030) 147
TABLE 42 Mexico Electric Submersible Pumps Market (USD Million) Size by Applications (2018-2030) 148

28
1.1 Research Methodology
Our research involves the extensive use of both primary and secondary data sources for market surveys, estimates, and analyzing
forecasts. The report is based on an in-depth qualitative and quantitative analysis of the Electric Submersible Pumps Market. We
at CMR tend to draw on various study methods, including investigations, surveys, secondary data, and market observation. Our
approach helps build a better market consensus view for size, shape, and industry trends within each segment. We carefully
factor in industry trends and actual developments for identifying key growth factors and the future course of the market. The
gathered data has been interpreted and analyzed to provide a conclusion.
The complete process involves the study of various factors, such as market scenarios, government policies, competitive
environment, historical data, current trends, technological advancements, and progress in related industries, along with threats
and challenges.

29
1.1.1 Primary Research
The primary research involves sources from the entire value chain, i.e., from supply to demand side players. The efforts include
contacting participants through emails, telephonic conversations, referrals, professional networks, and formal interactions. These
players were interviewed to obtain qualitative and quantitative information regarding the Electric Submersible Pumps Market.
Primarily, the interviews were conducted to design the scope of the report to identify segment analysis.
Our primary research interviews and discussion panel comprises vital opinion leaders, industry experts, manufacturers, and
organizations. We have pooled these experts to gather first-hand insights into the market studied. Moreover, market surveys
were performed to get insights into market trends and competitive analysis. Primary research was conducted to validate data
that had been gained by doing secondary research and to fill the data gaps after the secondary research process.
Thus, the primary research study helps us to identify segmentation types, product price range, product applications, major players
involved, raw material suppliers, downstream demand, industry status, and outlook. We analyze respective risks, influence
factors, opportunities, market barriers, industry trends, and key player strategies associated with Electric Submersible Pumps
Market by performing primaries with an exhaustive list of participants.
FIG. 1 Primary Research Method
Extensive Primary Research Helps Us to:
• Validate data findings and strengthens research proceeds
• Develop an in-depth market understanding
• Supply authentic information about market size, share breakdown, growth, and forecast

30
1.1.2 Modes of Primary Research:
We have conducted primary research involving direct interaction with the source, usually a customer or prospective customer.
Methods used while doing primary research includes Interviews, Surveys, Focus Group, etc.
FIG. 2 Market Research Process
1.2 Secondary Research Methodology:
In secondary research, we collect data on the global Electric Submersible Pumps market through White Papers, Case Studies,
Blogs, Reference Clients, News, Articles, Press Releases, Research Reports, Annual Reports, Company Investor Presentations,
Scientific Journals, National Customs, Industry Associations, and the company's filings with the SEC. Sources and approaches differ
from market to market and product to product. We also have paid data sources like Hoovers, Bloomberg BusinessWeek, Factiva
(Dow Jones), Statista, Reuters, One Source, and more. After conducting secondary research, we conduct primary research by
interacting with industry experts such as VPs, product managers, and various industry consultants. The number of interviews
conducted depends on market size and the availability of market recovery data.
Based on the understanding of requirements, we conducted secondary research to identify the segment specifications and
qualitative and quantitative data along with the factors responsible for the growth of the global Electric Submersible Pumps
market. Moreover, quantitative and qualitative data were also extracted from paid databases, which proved to be useful for in-
depth technical study of the market. Secondary research is used to identify and collect information useful for the extensive,
technical, market-oriented, and table tops survey of the market. It was used to obtain important information about the top
companies, market classification, and segmentation according to industry trends to the bottom-most levels, and key
developments related to market and technology perspectives. Secondary research has mainly been applied to obtain critical
information about the industry’s supply chain, the market downstream buyers, technical dynamics development trends.
Furthermore, it also helps to gain insight on the key vendors of this market, and market classification & segmentation according
to the industry trends, regional markets, and key developments from a market and business-oriented perspective.

31
FIG. 3 Source of Secondary Research
1.3 Market Estimation
Top-down and bottom-up approaches have been implemented to validate the Electric Submersible Pumps market size
estimation. The market estimations in this report are based on the marketed sale price of products. The percentage breakdown
of regions and segments are derived based on the data gathered from primary and secondary sources, based upon the weightage
assigned to the individual segment.
The competitive scenario has been understood by identifying major players involved in the market. The company's revenue for
the Electric Submersible Pumps market has been estimated through secondary and validated through primary research. We have
done the company's secondary research through annual reports, news articles, and other trusted sources. Primary research
included interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and
marketing executives.
This research studies includes all the associated factors impacting market growth. This data is combined and added with detailed
inputs and analysis, which is presented in this report.

32
1.3.1 Top-Down Method
FIG. 4 Top-Down Method
1.3.2 Bottom-Up Method
FIG. 5 Bottom-Up Method

33
1.3.3 Data Triangulation
After completing market engineering with calculations for market statistics, market size estimations, market forecasting, market
breakdown, and other data gathering, extensive primary research was conducted to gather information and verify and validate
the critical numbers arrived at. The data was triangulated by studying various factors and trends from both, the demand and
supply sides. Along with this, the market size was validated using the top-down and bottom-up approach.
FIG. 6 Data Triangulation

Electric Submersible Pump - ESP Market 2023

Electric Submersible Pump - ESP Market 2023

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