Electric Submersible Pumps Market Outlook from 2023 to 2033
The global electric submersible pumps market registered an astonishing CAGR of 5.3% in the historical period between 2018 and 2022. The global electric submersible pumps market will likely total US$ 12.1 billion by 2033. It is estimated to record a steady CAGR of 3.6% in the review period 2023 to 2033. It is expected to reach US$ 8.5 billion in 2023.
The electric submersible pump (ESP) market is a wider global pump industry segment. ESPs are dedicated pumps designed to be immersed in a fluid to lift or move it. These pumps have several applications in diverse industries, with particular prominence in the oil and gas sector.
ESP is used to pump or lift fluids, primarily in cases where the fluid is located in deep wells or reservoirs. They work on altering electrical energy into mechanical energy, which is then used to move fluids. The oil and gas industry is the key industry driving demand for ESP. They are essential for artificial lift systems, which aid in extracting hydrocarbons from wells where natural pressure has decreased. In addition to oil and gas, ESP is used in several applications, including water management, mining, agriculture, and others.
An ESP system usually includes three key components: motors, pumps, and electrical cables. Hermetic motors convert electrical energy into mechanical energy. The impeller then harnesses this mechanical energy to transport the fluid. The power cable links the system to an external power source.
ESP is designed to handle a variety of fluids, such as crude oil, brine, water, and other fluids. They are designated based on their capability to handle specific fluid things such as viscosity, temperature, and chemical composition. Continuous research and development in engine technology, materials, and digitalization are driving innovations in ESP systems. These advances aim to improve pump performance, increase reliability, and reduce operating costs.
Attributes
Key Insights
Electric Submersible Pumps Market Size (2022A)
US$ 8.1 billion
Electric Submersible Pumps Market Estimated Size (2023E)
US$ 8.5 billion
Projected Electric Submersible Pumps Market Valuation (2033F)
US$ 12.1 billion
Value-based CAGR (2023 to 2033)
3.6%
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Historical Performance of the Electric Submersible Pumps Market
The global electric submersible pumps market registered an astonishing CAGR of 5.3% in the historical period between 2018 and 2022. It is anticipated to rise at a decent CAGR of 3.6% in the assessment period.
Historical Value (2022)
US$ 8.1 billion
Historical CAGR (2018 to 2022)
5.3%
Over the years, electric submersible pumps technology has steadily grown with improvements in motor performance, materials, and digital monitoring systems. These advances have contributed to outstanding performance and reliability. The electric submersible pumps market is closely linked to the oil and gas industry. Historical trends have shown that oil price fluctuations suggestively impact demand for electric submersible pumps.
With the growth of technologies such as hydraulic fracturing (fracking), electric submersible pumps are needed in unconventional oil and gas tanks, such as shale reservoirs. Historically, there has been a constant push for energy-efficient electric submersible pumps systems. Both cost-effective and environmental concerns drive this trend.
Demand for electric submersible pumps in water management applications, such as wastewater treatment and urban water supply, continues to increase due to population growth and urbanization. As developing economies undergo rapid urbanization and industrialization, demand for electric submersible pumps has increased in regions such as Asia Pacific and Middle East.
The trend of integrating IoT technology and digital solutions for real-time monitoring, predictive maintenance, and optimizing electric submersible pumps performance has emerged in recent years. The electric submersible pumps market has historically seen mergers, acquisitions, and strategic alliances between key players. This is often aimed at expanding product portfolio and market reach.
Variations in environmental guidelines and industry standards have inclined the design and process of electric submersible pumps systems, concentrating on sustainability and abridged environmental impact. There has been a historical trend to using electric submersible pumps in offshore oil and gas production, especially in deepwater environments. This has led to advances in underwater electric submersible pumps technology.
Manufacturers are increasingly offering electric submersible pumps systems that can be tailored to specific good conditions and production necessities, reflecting industry demand for tailored solutions. The electric submersible pumps market has historically been associated with fossil fuels. However, there is growing interest in applying electric submersible pumps technology in renewable energy sectors such as geothermal and offshore wind.
Latest Trends, Hindrances, and Opportunities in the Electric Submersible Pumps Market
Attributes
Key Factors
Latest Trends
Digitalization and IoT integration: Integrate IoT (Internet of Things) technology and sensors into the electric submersible pumps system to monitor and analyze data in real-time. Predictive maintenance solution to improve pump reliability and decrease downtime.
Efficient use and energy conservation: The focus is on increasing more energy-efficient electric submersible pumps to reduce operating costs and ecological impact. Adopt advanced motor technology, and variable speed drive for better energy management.
Advanced materials and coatings: Use specialized materials and coatings to improve pump stability and resist corrosive environments. Develop high-performance polymers and composites for grave components.
Artificial intelligence and automation: Deploy AI algorithms to optimize pump performance grounded on real-time data and altering well conditions. Automate pump operations to increase efficiency and reduce manual intervention.
Environmental considerations: There is an increasing focus on environmentally friendly solutions, including electric submersible pumps, with fewer emissions and reduced ecological impact.
Market consolidation and cooperation: Mergers, acquisitions, and collaborations are taking place among key companies in the electric submersible pumps sector—strategic partnerships amid pump manufacturers, service providers, and technology companies to provide integrated solutions.
Growth Hindrances
Oil price fluctuations: The electric submersible pumps market is closely linked to the oil and gas industry. Oil price fluctuations can lead to indecisions in production and exploration activities, affecting demand for electric submersible pumps .
Environmental concerns: Growing environmental guidelines and concerns about the ecological impact of oil and gas operations may impact demand for electric submersible pumps. Stricter regulations may require more environmentally friendly solutions or alternative technologies.
Technology challenges: Emerging and implementing advanced technologies in electric submersible pumps can be complex and expensive. Some businesses may need aid adopting and mixing the latest innovations.
Competitive technology: Alternative artificial lift approaches, such as airlift systems, suction rod pumps, and progressive cavity pumps, offer viable alternatives to electric submersible pumps. The choice of lift technology be contingent on depth, production rate, and fluid properties.
Upcoming Opportunities
Renewable energy applications: The growing focus on renewable energy sources presents opportunities for electric submersible pumps , especially in sectors such as geothermal energy and offshore wind farms, where submersible pumps play a key role in energy exploitation and distribution.
Advanced materials and coatings: Continued research and growth in materials science could create stronger and more corrosion-resistant constituents for electric submersible pumps s, expanding their applications in harsh settings.
Water and wastewater management: Demand for EPS in water supply, wastewater treatment, and urban desalination projects is expected to increase. These applications need reliable and efficient pumping solutions.
Smart technology and IoT integration: Integrating IoT technology, predictive maintenance solutions, and smart monitoring systems can improve the efficiency and dependability of electric submersible pumps operations, providing growth opportunities for firms specializing in these technologies.
Find your sweet spots for generating winning opportunities in this market.
Comparative Overview of Adjacent Electric Submersible Pumps Markets
The section covers a comparative view of two other markets similar to the global electric submersible pumps market. As per estimations, the centrifugal pumps market would lead out of the three markets; the third being submersible pumps market.
The market for electric submersible pumps is expected to total US$ 12.1 billion by 2023. Centrifugal and submersible pumps markets are projected to register US$ 60 billion and US$ 19.39 billion, respectively, by 2033.
Electric Submersible Pumps Market
Attributes
Electric Submersible Pumps Market
CAGR (2023 to 2033)
3.6%
Electric Submersible Pumps Market Value (2033)
US$ 12.1 billion
Growth Factor
Growing focus on sustainability and ecological regulations could lead to PES adoption with reduced energy consumption, emissions, and water management.
Key Trend
Advances in motor technology, such as high-performance, high-torque designs, can lead to effective and reliable electric submersible pumps systems, appealing new clients and applications.
Centrifugal Pumps Market
Attributes
Centrifugal Pumps Market
CAGR (2023 to 2033)
6.2%
Market Value (2033)
US$ 60 billion
Growth Factor
There is a growing demand for centrifugal pumps in water management applications, comprising wastewater treatment, municipal water supply, and desalination projects.
Key Trend
Increased focus on energy-efficient pumping systems to reduce operating costs and environmental influence. This includes the adoption of high-performance motors and variable-speed drives.
Submersible Pump Market
Attributes
Submersible Pumps Market
CAGR (2023 to 2033)
5.2%
Market Value (2033)
US$ 19.39 billion
Growth Factor
Implement advanced control systems and automation technologies to enhance pump performance, surge reliability, and reduce energy consumption.
Key Trend
Increased focus on predictive and condition-based maintenance approaches to reduce downtime, reduce maintenance costs, and extend the life of submersible pumps.
Country-wise Insights
The table below explains the electric submersible pumps market size and CAGRs of the top 5 countries for 2033. The United States is anticipated to remain at the forefront by reaching US$ 2.2 billion. Japan is expected to surge to around US$ 1.1 billion by 2033, less than China's US$ 1.7 billion.
Country
Market Value (2033)
United States
US$ 2.2 billion
United Kingdom
US$ 455.2 million
China
US$ 1.7 billion
Japan
US$ 1.1 billion
South Korea
US$ 690.8 million
In the table below, the CAGRs of the top 5 countries are given for the review period 2023 to 2033. South Korea and Japan are expected to remain dominant by exhibiting a CAGR of 4.3% and 4.0%, respectively. The United States and the United Kingdom will likely follow with CAGRs of 3.7% and 3.5%, respectively.
Country
Value-based CAGR (2023 to 2033)
United States
3.7%
United Kingdom
3.5%
China
2.9%
Japan
4.0%
South Korea
4.3%
Advancements in Technology to Aid Expansion of the United States
The United States electric submersible pumps market is projected to reach US$ 2.2 billion in the forecast period. It expanded at a CAGR of 5.1% in the historical period. The United States has a strong presence in the electric submersible pump (ESP) market. The electric submersible pumps market in the United States is influenced by applications from the oil and gas industry, water management needs, and advancements in pump technology.
The United States is the world's leading consumer of electric submersible pumps, primarily due to its large oil and gas production. Electric submersible pumps are widely used for artificial lift systems to extract hydrocarbons from wells. Fueled by technologies such as hydraulic fracturing (fracking), the shale revolution has increased unconventional oil and gas production in the United States. This increase in production has boosted demand for electric submersible pumps.
The United States is a hub of technological innovation, extending to the electric submersible pumps market. The United States-based companies often lead development in advanced electric submersible pump systems, comprising improved engine performance and digitalization. Environmental regulations and safety and compliance standards set by agencies such as the Environmental Protection Agency (EPA) and the Occupational Safety and Health Administration (OSHA) affect the design and operation of the electric submersible pump systems.
Strong Research and Development Ecosystem to Fuel Sales in the United Kingdom
The United Kingdom electric submersible pumps market is anticipated to register US$ 455.2 million by 2033. It expanded at a CAGR of 6.1% in the historical period. The United Kingdom is increasingly interested in renewable energy sources, including geothermal and offshore wind. Electric submersible pumps play an important role in these areas, providing opportunities for market expansion.
The United Kingdom electric submersible pumps market is very competitive, with domestic and international companies competing for market share. Extensive infrastructure in the United Kingdom supports installing and upholding electric submersible pumps onshore and offshore. Accessibility to well locations is an important consideration when implementing electric submersible pumps.
The United Kingdom has a strong research and development ecosystem concentrated on pump technology. This includes advances in materials, engine performance, and digital solutions for electric submersible pumps. In the United Kingdom, there is an increasing emphasis on sustainable and environmentally friendly solutions. This trend influences the growth and adoption of electric submersible pumps systems with lower ecological impact.
Rapid Urbanization to Push Growth in China
China electric submersible pumps market is projected to total US$ 1.7 billion by 2033. It expanded at a CAGR of 6.0% in the historical period. It is the leading and prominently growing electric submersible pumps market globally. China's rapid industrialization and urbanization have created significant demand for electric submersible pumps in various sectors, including water supply, oil and gas, wastewater treatment, and mining.
The Chinese market is recognized for innovation and advancement in pump technology. Small companies and manufacturers are often at the front of emerging advanced electric submersible pumps systems comprising digital solutions and energy-efficient designs. Chinese government policies and edges play a key role in the growth of the electric submersible pumps market. Strategies related to energy efficacy, environmental protection, and water resources management impact the adoption of electric submersible pumps technology.
Oil and Gas Industries to Drive Demand in Japan
Japan electric submersible pumps market is projected hit US$ 1.1 billion by 2033. It expanded at a CAGR of 6.2% in the historical period. Japan is a country that plays an important role in the global electric submersible pump (ESP) market. Advanced technological capabilities, stringent ecological regulations, and diverse industry applications influence the Japanese electric submersible pumps market.
Japan is known for its engineering expertise and advanced technology. This extends to the electric submersible pumps market, where Japan-based companies often grow advanced pump technologies comprising motor performance and materials improvements. Although Japan has an oil and gas industry, it is not a key producer. Thus, this sector's demand for electric submersible pumps may not be as great as in countries with large reserves.
Japan attaches great importance to ecological protection and sustainable water management. This drives demand for electric submersible pumps in urban water supply, wastewater treatment, and desalination projects. Japan is famous for its energy-saving technology. The need for electric submersible pumps to operate with high energy efficacy aligns with the country's goal of reducing energy consumption and ecological impact.
Japan has a robust manufacturing industry; this expertise spreads to producing pumps and related equipment. This supports local production and innovation of electric submersible pumps systems. Japan is famous for having strict safety values and regulations. This applies to industries using electric submersible pumps, safeguarding that these systems meet high safety and quality standards.
Requirement of Energy-efficient Pumps to Boost Revenue in South Korea
South Korea electric submersible pumps market is estimated to total US$ 690.8 million by 2033. It expanded at a CAGR of 6.4% in the historical period. South Korea is known for its advanced technological abilities and innovation. This extends to the electric submersible pumps market, where Korean companies can develop high-quality, technologically advanced pump systems.
South Korea has a strong and diverse industry, including chemicals, electronics, manufacturing, and shipbuilding sectors. Electric submersible pumps find applications in various industries in this field. South Korea has established strict environmental guidelines, driving demand for environmentally friendly pumping solutions such as electric submersible pumps. This is especially relevant in wastewater treatment and water resources management.
Korea pays special attention to energy efficiency. Electric submersible pumps operate with high energy efficacy and are in high demand, in line with the nation's focus on sustainable and effective technology. Electric submersible pumps are used in water management applications, including wastewater treatment, urban water supply, and desalination projects. The demand for these systems is fuelled by the need to manage water resources effectively.
Korea is a key shipbuilding country in the world. Electric submersible pumps are used in shipbuilding for bilge pumping and ballast water management tasks. South Korea is a foremost producer of semiconductors, an industry that uses much water. Electric submersible pumps play an important role in water management in semiconductor manufacturing.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need and save 40%!
Category-wise Insights
The table below signifies leading sub-categories under the type category in the electric submersible pumps market. Onshore is expected to dominate the market for electric submersible pumps by exhibiting a 3.4% CAGR in the evaluation period.
Category
Forecast CAGR (2023 to 2033)
Onshore (End-use)
3.4%
Onshore End-users to Remain Leading Consumers
In terms of end-users, the onshore segment is expected to generate a noteworthy share in the electric submersible pumps market by 2033. It expanded at 5.1% CAGR in the historical period from 2018 to 2022.
In the electric submersible pump (ESP) market, onshore refers to industries or applications in which electric submersible pumps systems are deployed on land instead of offshore or subsea applications. On-shore end users represent several industries and rely on electric submersible pumps for a multitude of purposes.
Onshore oil and gas fields are electric submersible pumps's key and important end users. These pumps are used for artificial lift systems to mine hydrocarbons from land wells. Electric submersible pumps are used in urban water supply systems to pump water from reservoirs or wells to meet the needs of communities, towns, and villages. Electric submersible pumps are used in wastewater treatment plants for sludge pumping, aeration, and conveying wastewater in treatment facilities.
ESP is used in mining processes for dewatering purposes. They aid in managing groundwater levels to enable safe and effective mining operations. Electric submersible pumps can be used on construction projects for tasks such as managing water tables, dewatering on construction sites, and providing water for concrete mixing. Several industries use EPS in their processes, including food and beverage, chemicals, pulp and paper, etc.
EPS can treat and pump groundwater or other contaminated liquids in ecological remediation projects. In aquaculture operations, electric submersible pumps uphold water circulation and aeration in fish ponds or tanks. They are also used in power plants for condensate separation, cooling water circulation, and boiler-feed water pumping. Electric submersible pumps can be used in the petrochemical and refining industries for pumping and transporting several fluids within the facility.
Competitive Landscape
The market is categorized by the presence of global and regional manufacturers due to the constantly evolving demand for water treatment. Key companies market their goods through various channels, including e-commerce sites, websites, sellers, distributors, and end users.
Manufacturers compete on many aspects, including product price, design, performance, technology, reputation, and availability. Key players focus on various approaches to expand their market share and reach, including expanding distribution networks, new product launches, mergers and acquisitions, and research and development spending.
For instance,
In January 2021, ADNOC announced the award of US$ 946 million in engineering, procurement, and construction contracts for long-term strategic growth of its Umm Shaif mine.
In July 2021, Aramco signed a cooperation agreement with AccessESP for JumpStart well cleaning and return flow services.
In April 2021, Halliburton announced its initial electric submersible pump contract scheduled to begin in the second half of 2021 in Middle East.
Scope of the Report
Attribute
Details
Estimated Electric Submersible Pumps Market Size (2023)
US$ 8.5 billion
Projected Electric Submersible Pumps Market Valuation (2033)
US$ 12.1 billion
Value-based CAGR (2023 to 2033)
3.6%
Historical Data
2018 to 2022
Forecast Period
2023 to 2033
Quantitative Units
Value (US$ billion)
Segments Covered
End Use
Regions Covered
North America, Latin America, East Asia, South Asia Pacific, Western Europe, Eastern Europe, Middle East & Africa
Key Companies Profiled
Borets Company LLC,
Falcon Pumps Pvt.Ltd,
General Electric Company,
Grundfos Pumps Corporation,
Halliburton
Electric Submersible Pumps Market Outlook by Category
End-use:
Onshore
Offshore
Frequently Asked Questions
How big is the electric submersible pumps market?
The electric submersible pumps market is likely to register US$ 12.1 billion in 2033.
What is the future of the electric submersible pumps market?
The electric submersible pumps market is set to expand at 3.6% CAGR from 2023 to 2033.
Which end-user of electric submersible pump is in high demand?
The onshore segment might witness a 3.4% CAGR from 2023 to 2033.
Who are the key players in the electric submersible pumps market?
Borets Company LLC, Falcon Pumps Pvt. Etc. are key players in the market.
What is the size of the electrical submersible pump market?
The market was valued at US$ 8.1 billion in 2022.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Use
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ million) & Volume (Units) Analysis By End-Use, 2018 to 2022
5.3. Current and Future Market Size Value (US$ million) & Volume (Units) Analysis and Forecast By End-Use, 2023 to 2033
5.3.1. On-Shore
5.3.2. Off-Shore
5.4. Y-o-Y Growth Trend Analysis By End-Use, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By End-Use, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
6.1. Introduction
6.2. Historical Market Size Value (US$ million) & Volume (Units) Analysis By Region, 2018 to 2022
6.3. Current Market Size Value (US$ million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
6.3.1. North America
6.3.2. Latin America
6.3.3. Western Europe
6.3.4. Eastern Europe
6.3.5. South Asia and Pacific
6.3.6. East Asia
6.3.7. Middle East and Africa
6.4. Market Attractiveness Analysis By Region
7. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
7.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
7.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
7.2.1. By Country
7.2.1.1. United States
7.2.1.2. Canada
7.2.2. By End-Use
7.3. Market Attractiveness Analysis
7.3.1. By Country
7.3.2. By End-Use
7.4. Key Takeaways
8. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. Brazil
8.2.1.2. Mexico
8.2.1.3. Rest of Latin America
8.2.2. By End-Use
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By End-Use
8.4. Key Takeaways
9. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Germany
9.2.1.2. United Kingdom
9.2.1.3. France
9.2.1.4. Spain
9.2.1.5. Italy
9.2.1.6. Rest of Western Europe
9.2.2. By End-Use
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By End-Use
9.4. Key Takeaways
10. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Poland
10.2.1.2. Russia
10.2.1.3. Czech Republic
10.2.1.4. Romania
10.2.1.5. Rest of Eastern Europe
10.2.2. By End-Use
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By End-Use
10.4. Key Takeaways
11. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. India
11.2.1.2. Bangladesh
11.2.1.3. Australia
11.2.1.4. New Zealand
11.2.1.5. Rest of South Asia and Pacific
11.2.2. By End-Use
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By End-Use
11.4. Key Takeaways
12. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.2. By End-Use
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By End-Use
12.4. Key Takeaways
13. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of Middle East and Africa
13.2.2. By End-Use
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By End-Use
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. United States
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2022
14.1.2.1. By End-Use
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2022
14.2.2.1. By End-Use
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2022
14.3.2.1. By End-Use
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2022
14.4.2.1. By End-Use
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2022
14.5.2.1. By End-Use
14.6. United Kingdom
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2022
14.6.2.1. By End-Use
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2022
14.7.2.1. By End-Use
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2022
14.8.2.1. By End-Use
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2022
14.9.2.1. By End-Use
14.10. Poland
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2022
14.10.2.1. By End-Use
14.11. Russia
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2022
14.11.2.1. By End-Use
14.12. Czech Republic
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2022
14.12.2.1. By End-Use
14.13. Romania
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2022
14.13.2.1. By End-Use
14.14. India
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2022
14.14.2.1. By End-Use
14.15. Bangladesh
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2022
14.15.2.1. By End-Use
14.16. Australia
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2022
14.16.2.1. By End-Use
14.17. New Zealand
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2022
14.17.2.1. By End-Use
14.18. China
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2022
14.18.2.1. By End-Use
14.19. Japan
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2022
14.19.2.1. By End-Use
14.20. South Korea
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2022
14.20.2.1. By End-Use
14.21. GCC Countries
14.21.1. Pricing Analysis
14.21.2. Market Share Analysis, 2022
14.21.2.1. By End-Use
14.22. South Africa
14.22.1. Pricing Analysis
14.22.2. Market Share Analysis, 2022
14.22.2.1. By End-Use
14.23. Israel
14.23.1. Pricing Analysis
14.23.2. Market Share Analysis, 2022
14.23.2.1. By End-Use
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By End-Use
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Borets Company LLC
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Falcon Pumps Pvt.Ltd
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. General Electric Company
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Grundfos Pumps Corporation
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Halliburton
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Novomet-Perm JSC
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Schlumberger Ltd
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Torqueflow Sydex Ltd
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Walrus America Inc
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Weatherford International Ltd
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used18. Research Methodology
List of Tables
Table 1: Global Market Value (US$ million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (Units) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ million) Forecast by End-Use, 2018 to 2033
Table 4: Global Market Volume (Units) Forecast by End-Use, 2018 to 2033
Table 5: North America Market Value (US$ million) Forecast by Country, 2018 to 2033
Table 6: North America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 7: North America Market Value (US$ million) Forecast by End-Use, 2018 to 2033
Table 8: North America Market Volume (Units) Forecast by End-Use, 2018 to 2033
Table 9: Latin America Market Value (US$ million) Forecast by Country, 2018 to 2033
Table 10: Latin America Market Volume (Units) Forecast by Country, 2018 to 2033
Table 11: Latin America Market Value (US$ million) Forecast by End-Use, 2018 to 2033
Table 12: Latin America Market Volume (Units) Forecast by End-Use, 2018 to 2033
Table 13: Western Europe Market Value (US$ million) Forecast by Country, 2018 to 2033
Table 14: Western Europe Market Volume (Units) Forecast by Country, 2018 to 2033
Table 15: Western Europe Market Value (US$ million) Forecast by End-Use, 2018 to 2033
Table 16: Western Europe Market Volume (Units) Forecast by End-Use, 2018 to 2033
Table 17: Eastern Europe Market Value (US$ million) Forecast by Country, 2018 to 2033
Table 18: Eastern Europe Market Volume (Units) Forecast by Country, 2018 to 2033
Table 19: Eastern Europe Market Value (US$ million) Forecast by End-Use, 2018 to 2033
Table 20: Eastern Europe Market Volume (Units) Forecast by End-Use, 2018 to 2033
Table 21: South Asia and Pacific Market Value (US$ million) Forecast by Country, 2018 to 2033
Table 22: South Asia and Pacific Market Volume (Units) Forecast by Country, 2018 to 2033
Table 23: South Asia and Pacific Market Value (US$ million) Forecast by End-Use, 2018 to 2033
Table 24: South Asia and Pacific Market Volume (Units) Forecast by End-Use, 2018 to 2033
Table 25: East Asia Market Value (US$ million) Forecast by Country, 2018 to 2033
Table 26: East Asia Market Volume (Units) Forecast by Country, 2018 to 2033
Table 27: East Asia Market Value (US$ million) Forecast by End-Use, 2018 to 2033
Table 28: East Asia Market Volume (Units) Forecast by End-Use, 2018 to 2033
Table 29: Middle East and Africa Market Value (US$ million) Forecast by Country, 2018 to 2033
Table 30: Middle East and Africa Market Volume (Units) Forecast by Country, 2018 to 2033
Table 31: Middle East and Africa Market Value (US$ million) Forecast by End-Use, 2018 to 2033
Table 32: Middle East and Africa Market Volume (Units) Forecast by End-Use, 2018 to 2033
List of Charts
Figure 1: Global Market Value (US$ million) by End-Use, 2023 to 2033
Figure 2: Global Market Value (US$ million) by Region, 2023 to 2033
Figure 3: Global Market Value (US$ million) Analysis by Region, 2018 to 2033
Figure 4: Global Market Volume (Units) Analysis by Region, 2018 to 2033
Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 7: Global Market Value (US$ million) Analysis by End-Use, 2018 to 2033
Figure 8: Global Market Volume (Units) Analysis by End-Use, 2018 to 2033
Figure 9: Global Market Value Share (%) and BPS Analysis by End-Use, 2023 to 2033
Figure 10: Global Market Y-o-Y Growth (%) Projections by End-Use, 2023 to 2033
Figure 11: Global Market Attractiveness by End-Use, 2023 to 2033
Figure 12: Global Market Attractiveness by Region, 2023 to 2033
Figure 13: North America Market Value (US$ million) by End-Use, 2023 to 2033
Figure 14: North America Market Value (US$ million) by Country, 2023 to 2033
Figure 15: North America Market Value (US$ million) Analysis by Country, 2018 to 2033
Figure 16: North America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 17: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 18: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 19: North America Market Value (US$ million) Analysis by End-Use, 2018 to 2033
Figure 20: North America Market Volume (Units) Analysis by End-Use, 2018 to 2033
Figure 21: North America Market Value Share (%) and BPS Analysis by End-Use, 2023 to 2033
Figure 22: North America Market Y-o-Y Growth (%) Projections by End-Use, 2023 to 2033
Figure 23: North America Market Attractiveness by End-Use, 2023 to 2033
Figure 24: North America Market Attractiveness by Country, 2023 to 2033
Figure 25: Latin America Market Value (US$ million) by End-Use, 2023 to 2033
Figure 26: Latin America Market Value (US$ million) by Country, 2023 to 2033
Figure 27: Latin America Market Value (US$ million) Analysis by Country, 2018 to 2033
Figure 28: Latin America Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 29: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 30: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 31: Latin America Market Value (US$ million) Analysis by End-Use, 2018 to 2033
Figure 32: Latin America Market Volume (Units) Analysis by End-Use, 2018 to 2033
Figure 33: Latin America Market Value Share (%) and BPS Analysis by End-Use, 2023 to 2033
Figure 34: Latin America Market Y-o-Y Growth (%) Projections by End-Use, 2023 to 2033
Figure 35: Latin America Market Attractiveness by End-Use, 2023 to 2033
Figure 36: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 37: Western Europe Market Value (US$ million) by End-Use, 2023 to 2033
Figure 38: Western Europe Market Value (US$ million) by Country, 2023 to 2033
Figure 39: Western Europe Market Value (US$ million) Analysis by Country, 2018 to 2033
Figure 40: Western Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 41: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 42: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 43: Western Europe Market Value (US$ million) Analysis by End-Use, 2018 to 2033
Figure 44: Western Europe Market Volume (Units) Analysis by End-Use, 2018 to 2033
Figure 45: Western Europe Market Value Share (%) and BPS Analysis by End-Use, 2023 to 2033
Figure 46: Western Europe Market Y-o-Y Growth (%) Projections by End-Use, 2023 to 2033
Figure 47: Western Europe Market Attractiveness by End-Use, 2023 to 2033
Figure 48: Western Europe Market Attractiveness by Country, 2023 to 2033
Figure 49: Eastern Europe Market Value (US$ million) by End-Use, 2023 to 2033
Figure 50: Eastern Europe Market Value (US$ million) by Country, 2023 to 2033
Figure 51: Eastern Europe Market Value (US$ million) Analysis by Country, 2018 to 2033
Figure 52: Eastern Europe Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 53: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 54: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 55: Eastern Europe Market Value (US$ million) Analysis by End-Use, 2018 to 2033
Figure 56: Eastern Europe Market Volume (Units) Analysis by End-Use, 2018 to 2033
Figure 57: Eastern Europe Market Value Share (%) and BPS Analysis by End-Use, 2023 to 2033
Figure 58: Eastern Europe Market Y-o-Y Growth (%) Projections by End-Use, 2023 to 2033
Figure 59: Eastern Europe Market Attractiveness by End-Use, 2023 to 2033
Figure 60: Eastern Europe Market Attractiveness by Country, 2023 to 2033
Figure 61: South Asia and Pacific Market Value (US$ million) by End-Use, 2023 to 2033
Figure 62: South Asia and Pacific Market Value (US$ million) by Country, 2023 to 2033
Figure 63: South Asia and Pacific Market Value (US$ million) Analysis by Country, 2018 to 2033
Figure 64: South Asia and Pacific Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 65: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 66: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 67: South Asia and Pacific Market Value (US$ million) Analysis by End-Use, 2018 to 2033
Figure 68: South Asia and Pacific Market Volume (Units) Analysis by End-Use, 2018 to 2033
Figure 69: South Asia and Pacific Market Value Share (%) and BPS Analysis by End-Use, 2023 to 2033
Figure 70: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End-Use, 2023 to 2033
Figure 71: South Asia and Pacific Market Attractiveness by End-Use, 2023 to 2033
Figure 72: South Asia and Pacific Market Attractiveness by Country, 2023 to 2033
Figure 73: East Asia Market Value (US$ million) by End-Use, 2023 to 2033
Figure 74: East Asia Market Value (US$ million) by Country, 2023 to 2033
Figure 75: East Asia Market Value (US$ million) Analysis by Country, 2018 to 2033
Figure 76: East Asia Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 77: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 78: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 79: East Asia Market Value (US$ million) Analysis by End-Use, 2018 to 2033
Figure 80: East Asia Market Volume (Units) Analysis by End-Use, 2018 to 2033
Figure 81: East Asia Market Value Share (%) and BPS Analysis by End-Use, 2023 to 2033
Figure 82: East Asia Market Y-o-Y Growth (%) Projections by End-Use, 2023 to 2033
Figure 83: East Asia Market Attractiveness by End-Use, 2023 to 2033
Figure 84: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 85: Middle East and Africa Market Value (US$ million) by End-Use, 2023 to 2033
Figure 86: Middle East and Africa Market Value (US$ million) by Country, 2023 to 2033
Figure 87: Middle East and Africa Market Value (US$ million) Analysis by Country, 2018 to 2033
Figure 88: Middle East and Africa Market Volume (Units) Analysis by Country, 2018 to 2033
Figure 89: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 90: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 91: Middle East and Africa Market Value (US$ million) Analysis by End-Use, 2018 to 2033
Figure 92: Middle East and Africa Market Volume (Units) Analysis by End-Use, 2018 to 2033
Figure 93: Middle East and Africa Market Value Share (%) and BPS Analysis by End-Use, 2023 to 2033
Figure 94: Middle East and Africa Market Y-o-Y Growth (%) Projections by End-Use, 2023 to 2033
Figure 95: Middle East and Africa Market Attractiveness by End-Use, 2023 to 2033
Figure 96: Middle East and Africa Market Attractiveness by Country, 2023 to 2033
