Electric Submersible Pumps Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025-2032

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for electric submersible pumps. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global electric submersible pumps market from 2025 to 2032.

Key Insights:

Electric Submersible Pumps Market Size (2025E): USD 11,741.3 Million
Projected Market Value (2032F): USD 18,007.3 Million
Global Market Growth Rate (CAGR 2025 to 2032): 6.3%

Electric Submersible Pumps Market - Report Scope:

Electric submersible pumps (ESPs) are widely used in oil and gas, water treatment, agriculture, and industrial sectors to pump fluids from deep wells, reservoirs, or underground sources. These pumps are designed to operate fully submerged in fluids, ensuring high efficiency and continuous operation in challenging environments. The market caters to oilfields, municipal water systems, irrigation projects, and industrial facilities, offering a variety of pump types, including single-stage, multistage, and specialized high-temperature or high-viscosity pumps. Market growth is driven by rising demand for efficient fluid handling systems, increasing oil and gas production, and technological advancements in pump materials and design.

Market Growth Drivers:

The global electric submersible pumps market is propelled by several key factors, including growing energy demand and expansion of oil and gas extraction activities worldwide. Increasing water scarcity and the subsequent need for efficient water pumping solutions in agriculture and municipal systems further drive market expansion. Technological advancements, such as smart pump monitoring systems, improved motor efficiency, and corrosion-resistant materials, offer enhanced performance and reduced maintenance costs, fostering market growth. Furthermore, government initiatives promoting sustainable water management and industrial automation create additional growth opportunities for market players.

Market Restraints:

Despite promising growth prospects, the electric submersible pumps market faces challenges related to high initial investment costs, energy consumption, and operational maintenance requirements. Harsh operating conditions in oilfields and deep wells can reduce pump lifespan, increasing maintenance frequency and costs. Additionally, fluctuations in crude oil prices and stringent environmental regulations on pump manufacturing and installation can affect market expansion, particularly in emerging economies. Addressing these challenges requires investment in durable, energy-efficient technologies and strategic collaboration between manufacturers and end-users.

Market Opportunities:

The electric submersible pumps market presents significant growth opportunities driven by technological innovations, rising industrialization, and increasing urbanization. Integration of IoT-enabled monitoring systems and predictive maintenance solutions enhances operational efficiency and reduces downtime, opening new avenues for market adoption. Moreover, expanding applications in wastewater management, desalination plants, and renewable energy sectors broaden the market scope. Strategic partnerships, research and development investment, and introduction of cost-effective, high-performance pumps are essential to capitalize on emerging opportunities and maintain market leadership in a competitive landscape.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the electric submersible pumps market globally?
Which pump types and applications are driving ESP adoption across oilfield, water, and industrial sectors?
How are technological advancements reshaping the competitive landscape of the ESP market?
Who are the key players contributing to the electric submersible pumps market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the global electric submersible pumps market?

Competitive Intelligence and Business Strategy:

Leading players in the global electric submersible pumps market, including Sulzer, Kirloskar Brothers Limited, and KSB Company, focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest in R&D to develop energy-efficient motors, high-capacity multistage pumps, and advanced monitoring solutions catering to oilfield, municipal, and industrial requirements. Collaborations with oil and gas operators, water utilities, and industrial manufacturers facilitate market access and promote technology adoption. Emphasis on performance optimization, durability, and energy efficiency fosters market growth and strengthens competitive positioning in the rapidly evolving ESP landscape.

Key Companies Profiled:

Sulzer
Kirloskar Brothers Limited
KSB Company
Multiquip Inc.
GRUNDFOS
Hitachi America
Xylem Inc.
Caprari
Crompton Greaves Consumer Electricals Limited
Weatherford
TSURUMI PUMP
ZUWA-Zumpe GmbH
Homa Pumpenfabrik GmbH
Quadt Kunststoffapparatebau GmbH

Electric Submersible Pumps Market Research Segmentation:

By Type

Open well
Borewell

By Application

Single Stage
Multistage

By Application

Oil & Gas
Water & Wastewater
Construction
Mining
Agriculture
Chemicals
Misc.

By Region

North America
Latin America
Europe
East Asia
South Asia Oceania
Middle East Africa

Product Code: PMRREP35330

1. Executive Summary

1.1. Global Electric Submersible Pumps Market Snapshot, 2025 and 2032
1.2. Market Opportunity Assessment, 2025-2032, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Product Lifecycle Analysis
2.4. Macro-Economic Factors
- 2.4.1. Global Sectorial Outlook
- 2.4.2. Global GDP Growth Outlook
2.5. Global Parent Market Overview
2.6. Electric Submersible Pumps Market: Value Chain
- 2.6.1. List of Operation Supplier
- 2.6.2. List of Manufacturers
- 2.6.3. List of Distributors
- 2.6.4. List of End User
- 2.6.5. Profitability Analysis
2.7. Forecast Factors - Relevance and Impact
2.8. Covid-19 Impact Assessment
2.9. PESTLE Analysis
2.10. Porter Five Force's Analysis
2.11. Geopolitical Tensions: Market Impact
2.12. Regulatory and Operation Landscape

3. Production Output , 2019-2024

3.1. Production by Region

4. Price Trend Analysis, 2019 - 2032

4.1. Key Highlights
4.2. Key Factors Impacting Product Prices
4.3. Prices By Type/Operation/End Use
4.4. Regional Prices and Product Preferences

5. Global Electric Submersible Pumps Market Outlook: Historical (2019-2024) and Forecast (2025-2032)

5.1. Key Highlights
- 5.1.1. Market Size and Y-o-Y Growth
- 5.1.2. Absolute $ Opportunity
5.2. Market Size (US$ Mn) Volume (Unit) Analysis and Forecast
- 5.2.1. Historical Market Size Analysis, 2019-2024
- 5.2.2. Current Market Size Forecast, 2025-2032
5.3. Global Electric Submersible Pumps Market Outlook: Type
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Type, 2019-2024
- 5.3.3. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Type, 2025-2032
  - 5.3.3.1. Open well
  - 5.3.3.2. Borewell
5.4. Market Attractiveness Analysis: Type
5.5. Global Electric Submersible Pumps Market Outlook: Operation
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Operation, 2019-2024
- 5.5.3. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Operation, 2025-2032
  - 5.5.3.1. Single Stage
  - 5.5.3.2. Multistage
5.6. Market Attractiveness Analysis: Operation
5.7. Global Electric Submersible Pumps Market Outlook: End Use
- 5.7.1. Introduction / Key Findings
- 5.7.2. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By End Use , 2019-2024
- 5.7.3. Current Market Size (US$ Mn) and Volume (Unit) Forecast By End Use , 2025-2032
  - 5.7.3.1. Oil & Gas
  - 5.7.3.2. Water & Wastewater
  - 5.7.3.3. Construction
  - 5.7.3.4. Mining
  - 5.7.3.5. Agriculture
  - 5.7.3.6. Chemicals
  - 5.7.3.7. Misc.
5.8. Market Attractiveness Analysis: End Use

6. Global Electric Submersible Pumps Market Outlook: Region

6.1. Key Highlights
6.2. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Region, 2019-2024
6.3. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Region, 2025-2032
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region

7. North America Electric Submersible Pumps Market Outlook: Historical (2019-2024 ) and Forecast (2025-2032)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Market, 2019-2024
- 7.3.1. By Country
- 7.3.2. By Type
- 7.3.3. By Operation
- 7.3.4. By End Use
7.4. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Country, 2025-2032
- 7.4.1. U.S.
- 7.4.2. Canada
7.5. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Type, 2025-2032
- 7.5.1. Open well
- 7.5.2. Borewell
7.6. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Operation, 2025-2032
- 7.6.1. Single Stage
- 7.6.2. Multistage
7.7. Current Market Size (US$ Mn) and Volume (Unit) Forecast By End Use , 2025-2032
- 7.7.1. Oil & Gas
- 7.7.2. Water & Wastewater
- 7.7.3. Construction
- 7.7.4. Mining
- 7.7.5. Agriculture
- 7.7.6. Chemicals
- 7.7.7. Misc.
7.8. Market Attractiveness Analysis

8. Europe Electric Submersible Pumps Market Outlook: Historical (2019-2024 ) and Forecast (2025-2032)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Market, 2019-2024
- 8.3.1. By Country
- 8.3.2. By Type
- 8.3.3. By Operation
- 8.3.4. By End Use
8.4. By End Use Current Market Size (US$ Mn) and Volume (Unit) Forecast By Country, 2025-2032
- 8.4.1. Germany
- 8.4.2. Italy
- 8.4.3. France
- 8.4.4. U.K.
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Turkey
- 8.4.8. Rest of Europe
8.5. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Type, 2025-2032
- 8.5.1. Open well
- 8.5.2. Borewell
8.6. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Operation, 2025-2032
- 8.6.1. Single Stage
- 8.6.2. Multistage
8.7. Current Market Size (US$ Mn) and Volume (Unit) Forecast By End Use , 2025-2032
- 8.7.1. Oil & Gas
- 8.7.2. Water & Wastewater
- 8.7.3. Construction
- 8.7.4. Mining
- 8.7.5. Agriculture
- 8.7.6. Chemicals
- 8.7.7. Misc.
8.8. Market Attractiveness Analysis

9. East Asia Electric Submersible Pumps Market Outlook: Historical (2019-2024 ) and Forecast (2025-2032)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Market, 2019-2024
- 9.3.1. By Country
- 9.3.2. By Type
- 9.3.3. By Operation
- 9.3.4. By End Use
9.4. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Country, 2025-2032
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. South Korea
9.5. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Type, 2025-2032
- 9.5.1. Open well
- 9.5.2. Borewell
9.6. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Operation, 2025-2032
- 9.6.1. Single Stage
- 9.6.2. Multistage
9.7. Current Market Size (US$ Mn) and Volume (Unit) Forecast By End Use , 2025-2032
- 9.7.1. Oil & Gas
- 9.7.2. Water & Wastewater
- 9.7.3. Construction
- 9.7.4. Mining
- 9.7.5. Agriculture
- 9.7.6. Chemicals
- 9.7.7. Misc.
9.8. Market Attractiveness Analysis

10. South Asia & Oceania Electric Submersible Pumps Market Outlook: Historical (2019-2024 ) and Forecast (2025-2032)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Market, 2019-2024
- 10.3.1. By Country
- 10.3.2. By Type
- 10.3.3. By Operation
- 10.3.4. By End Use
10.4. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Country, 2025-2032
- 10.4.1. India
- 10.4.2. Southeast Asia
- 10.4.3. ANZ
- 10.4.4. Rest of South Asia & Oceania
10.5. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Type, 2025-2032
- 10.5.1. Open well
- 10.5.2. Borewell
10.6. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Operation, 2025-2032
- 10.6.1. Single Stage
- 10.6.2. Multistage
10.7. Current Market Size (US$ Mn) and Volume (Unit) Forecast By End Use , 2025-2032
- 10.7.1. Oil & Gas
- 10.7.2. Water & Wastewater
- 10.7.3. Construction
- 10.7.4. Mining
- 10.7.5. Agriculture
- 10.7.6. Chemicals
- 10.7.7. Misc.
10.8. Market Attractiveness Analysis

11. Latin America Electric Submersible Pumps Market Outlook: Historical (2019-2024 ) and Forecast (2025-2032)

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Market, 2019-2024
- 11.3.1. By Country
- 11.3.2. By Type
- 11.3.3. By Operation
- 11.3.4. By End Use
11.4. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Country, 2025-2032
- 11.4.1. Brazil
- 11.4.2. Mexico
- 11.4.3. Rest of Latin America
11.5. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Type, 2025-2032
- 11.5.1. Open well
- 11.5.2. Borewell
11.6. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Operation, 2025-2032
- 11.6.1. Single Stage
- 11.6.2. Multistage
11.7. Current Market Size (US$ Mn) and Volume (Unit) Forecast By End Use , 2025-2032
- 11.7.1. Oil & Gas
- 11.7.2. Water & Wastewater
- 11.7.3. Construction
- 11.7.4. Mining
- 11.7.5. Agriculture
- 11.7.6. Chemicals
- 11.7.7. Misc.
11.8. Market Attractiveness Analysis

12. Middle East & Africa Electric Submersible Pumps Market Outlook: Historical (2019-2024 ) and Forecast (2025-2032)

12.1. Key Highlights
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Mn) and Volume (Unit) Analysis By Market, 2019-2024
- 12.3.1. By Country
- 12.3.2. By Type
- 12.3.3. By Operation
- 12.3.4. By End Use
12.4. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Country, 2025-2032
- 12.4.1. GCC
- 12.4.2. South Africa
- 12.4.3. Northern Africa
- 12.4.4. Rest of Middle East & Africa
12.5. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Type, 2025-2032
- 12.5.1. Open well
- 12.5.2. Borewell
12.6. Current Market Size (US$ Mn) and Volume (Unit) Forecast By Operation, 2025-2032
- 12.6.1. Single Stage
- 12.6.2. Multistage
12.7. Current Market Size (US$ Mn) and Volume (Unit) Forecast By End Use , 2025-2032
- 12.7.1. Oil & Gas
- 12.7.2. Water & Wastewater
- 12.7.3. Construction
- 12.7.4. Mining
- 12.7.5. Agriculture
- 12.7.6. Chemicals
- 12.7.7. Misc.
12.8. Market Attractiveness Analysis

13. Competition Landscape

13.1. Market Share Analysis, 2024
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
- 13.2.3. Apparent Production Capacity
13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. Sulzer
  - 13.3.1.1. Overview
  - 13.3.1.2. Segments and Products
  - 13.3.1.3. Key Financials
  - 13.3.1.4. Market Developments
  - 13.3.1.5. Market Strategy
- 13.3.2. Kirloskar Brothers Limited
- 13.3.3. KSB Company
- 13.3.4. Multiquip Inc.
- 13.3.5. GRUNDFOS
- 13.3.6. Hitachi America
- 13.3.7. Xylem Inc.
- 13.3.8. Caprari
- 13.3.9. Crompton Greaves Consumer Electricals Limited
- 13.3.10. Weatherford
- 13.3.11. TSURUMI PUMP
- 13.3.12. ZUWA-Zumpe GmbH
- 13.3.13. Homa Pumpenfabrik GmbH
- 13.3.14. Quadt Kunststoffapparatebau GmbH

14. Note: List of companies is not exhaustive in Nature. It is subject to further augmentation during course of research

15. Appendix

15.1. Research Methodology
15.2. Research Assumptions
15.3. Acronyms and Abbreviations