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Multistage Electric Submersible Pump Market Share

Report ID: GMI5815
Published Date: May 2023
Report Format: PDF

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Multistage Electric Submersible Pump Market Share

The leading participants are focusing on strategic partnerships and collaborations, new product launch along with mergers and acquisitions to gain their competitive edge over the others. Leading market players across the multistage electric submersible pump industry include

Schlumberger Ltd.
Weatherford
Baker Hughes
Flowserve Corporation
EBARA CORPORATION
Atlas Copco AB
WILO SE
Grundfos Holding A/S
Gorman-Rupp Pumps
Crompton Greaves Consumer Electricals Limited
Sulzer Ltd
Tsurumi Manufacturing Co., Ltd.
Novomet
Halliburton

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of multistage electric submersible pump exceeded USD 8.3 billion in 2023 and is projected to expand at 8.4% CAGR during 2024 to 2032, explains GMI report.

The oil & gas multistage electric submersible pump industry will observe 7% growth rate from 2023-2032 driven by the rapid adoption of the Enhanced Oil Recovery (EOR) method to boost oil production.

The Asia Pacific multistage electric submersible pump industry to witness 9% growth rate till 2032 led by rapid urbanization and commercialization in countries such as India and China.

Schlumberger Ltd., Atlas Copco AB, WILO SE, Grundfos Holding A/S, Gorman-Rupp Pumps, Novomet, and Halliburton are some of the major manufacturers of multistage electric submersible pumps.