PUBLISHER: Grand View Research | PRODUCT CODE: 1908723
PUBLISHER: Grand View Research | PRODUCT CODE: 1908723
The Middle East electric submersible pump for oil & gas market size was estimated at USD 247.4 million in 2024 and is projected to reach USD 400.0 million by 2033, growing at a CAGR of 5.5% from 2025 to 2033. Investment momentum across the oil and gas industry in the UAE, Kuwait, and Oman is directly supporting market growth, as operators expand field capacity, pursue new gas developments, and modernize existing production infrastructure.
In the UAE, multi-billion-dollar upstream and midstream programs such as the Upper Zakum expansion finished the previous year, the Hail and Ghasha sour gas development (expected to be completed in 2028), and the Ruwais LNG project (expected to be completed in 2028) are all designed to increase output and improve reservoir recovery, which in turn raises long-term demand for high-capacity artificial lift systems.
Technological advancements are playing a considerable role in accelerating market growth across the UAE, Kuwait, and Oman, as operators increasingly depend on high-efficiency lift solutions to sustain production from complex reservoirs. Improvements in ESP hardware, such as higher-temperature motors, more durable pump stages, corrosion-resistant alloys, and enhanced sealing systems, are extending run life in wells that produce at high temperatures, high gas fractions, or elevated solids levels.
Middle East Electric Submersible Pump for Oil & Gas Market Report Segmentation
This report forecasts revenue growth at a country level and provides an analysis of the industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the Middle East electric submersible pump for oil & gas market based on deployment, stage type, and country: