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

Description

Persistence Market Research has recently released a comprehensive report on the global Electric Submersible Pumps Market, providing an in-depth analysis of key market dynamics, including driving forces, emerging trends, opportunities, and challenges. This report offers a detailed understanding of the market landscape, helping stakeholders make well-informed decisions.

Key Insights:

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

Electric Submersible Pumps Market - Report Scope:

The electric submersible pumps market includes pumps designed to be submerged fully in liquids, primarily used to transport fluids such as oil, water, or wastewater across various industries. These pumps are integral in sectors like oil & gas, water & wastewater management, mining, and agriculture. Increasing demand for efficient fluid handling solutions and advancements in pump technology is driving the market forward. The rising need for reliable, energy-efficient pumping solutions across industrial and municipal applications is further accelerating market growth globally.

Market Growth Drivers:

The electric submersible pumps market is experiencing robust growth due to several key drivers. First, the escalating demand for energy-efficient and durable pumping solutions in the oil & gas industry is significantly contributing to market expansion. Enhanced exploration activities and increasing offshore drilling projects require reliable submersible pumps capable of operating under harsh environments. Additionally, rapid urbanization and population growth are fueling the demand for water supply and wastewater treatment infrastructure, necessitating efficient pumping systems. Technological advancements, such as smart pumps with IoT-enabled monitoring, are improving operational efficiency and maintenance, further propelling market growth. Growing investments in renewable energy projects, like geothermal power plants, are also creating new avenues for electric submersible pump adoption.

Market Restraints:

Despite promising prospects, the electric submersible pumps market faces certain challenges. High initial investment costs and complex installation processes can deter small and medium-sized enterprises from adopting advanced pumping technologies. Moreover, operational risks such as pump failures caused by abrasive fluids and high-pressure conditions can increase maintenance expenses and downtime. Fluctuations in raw material prices and stringent regulatory standards related to environmental compliance add further constraints, impacting manufacturing costs and product pricing. In addition, the availability of alternative pumping technologies in some applications limits the market penetration of electric submersible pumps.

Market Opportunities:

Significant opportunities exist within the electric submersible pumps market, driven by ongoing innovation and expanding application areas. The rising emphasis on automation and remote monitoring solutions presents prospects for integrating smart pump technologies that optimize performance and reduce operational costs. Expanding water infrastructure projects in emerging economies offer untapped potential for market players. The increasing adoption of submersible pumps in unconventional oil & gas extraction techniques, such as shale gas and deepwater drilling, is creating new demand streams. Furthermore, growing focus on sustainable water management and irrigation practices in agriculture opens up additional growth avenues for electric submersible pump manufacturers. Strategic collaborations and product development aimed at enhancing pump durability and energy efficiency are expected to further strengthen market positioning.

Key Questions Answered in the Report:

What are the primary factors driving the global electric submersible pumps market's growth?
Which regions and market segments are experiencing the highest demand for electric submersible pumps?
How are innovations in pump technology influencing market dynamics?
Who are the key players in the electric submersible pumps market, and what strategies are they adopting to stay competitive?
What are the emerging trends and future projections for the global electric submersible pumps market?

Competitive Intelligence and Business Strategy:

Leading companies in the global electric submersible pumps market, such as 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, and Quadt Kunststoffapparatebau GmbH, are focusing on innovation and strategic partnerships. These companies invest heavily in developing energy-efficient and smart pumps that enhance operational reliability. Strengthening global distribution networks and entering emerging markets are key strategies to expand market share. Moreover, these players emphasize product customization to meet specific industry requirements, thereby increasing adoption across diverse applications.

Companies Covered:

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

Market Segmentation

By Type:

Open Well
Borewell

By Stage:

Single Stage
Multistage

By Application:

Oil & Gas
Water & Wastewater
Construction
Mining
Agriculture
Chemicals
Miscellaneous

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, 2025-2032
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, 2025
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

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

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations

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