Quick Summary:
In the rapidly evolving world of energy and fluid management, keeping pace can be a daunting task. To assist you in staying ahead of the curve, we present our thoroughly researched report on the Global Electric Submersible Pumps Market (2022-2030).
This in-depth study offers a clear vista of a market estimated to reach $10.7 billion by 2030, with particular focus on the On-Shore and Off-Shore segments. An integral part of this transformation is the markets in the U.S. and China, providing key insights on their growth trajectories. Our report also provides comprehensive coverage of influential market players such as Borets Company LLC and General Electric Company, enhancing your understanding of the competition landscape.
Moreover, this report offers special features, including interactive peer-to-peer collaborative updates and access to digital archives, to improve your strategic planning. Updated meticulously to reflect the latest developments, it is an indispensable tool in successfully navigating this dynamic market.
Global Electric Submersible Pumps Market to Reach $10.7 Billion by 2030
The global market for Electric Submersible Pumps estimated at US$8.1 Billion in the year 2022, is projected to reach a revised size of US$10.7 Billion by 2030, growing at a CAGR of 3.6% over the analysis period 2022-2030. On-Shore, one of the segments analyzed in the report, is projected to record 3.9% CAGR and reach US$7.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Off-Shore segment is readjusted to a revised 2.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 6.1% CAGR
The Electric Submersible Pumps market in the U.S. is estimated at US$2.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2030 trailing a CAGR of 6.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR.Select Competitors (Total 13 Featured) -
- Borets Company LLC
- Falcon Pumps Pvt.Ltd.
- General Electric Company
- Grundfos Pumps Corporation
- Halliburton
- Novomet-Perm JSC
- Schlumberger Ltd.
- Torqueflow Sydex Ltd.
- Walrus America Inc.
- Weatherford International Ltd.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Electric Submersible Pumps?
What is the growth rate of the Global Market for Electric Submersible Pumps?
What is the forecasted size of the Global Market for Electric Submersible Pumps?
Who are the key companies in the Global Market for Electric Submersible Pumps?
| Report Attribute | Details |
|---|---|
| No. of Pages | 232 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 8.1 Billion |
| Forecasted Market Value ( USD | $ 10.7 Billion |
| Compound Annual Growth Rate | 3.5% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Borets Company LLC
- Falcon Pumps Pvt.Ltd.
- General Electric Company
- Grundfos Pumps Corporation
- Halliburton
- Novomet-Perm JSC
- Schlumberger Ltd.
- Torqueflow Sydex Ltd.
- Walrus America Inc.
- Weatherford International Ltd.
