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Oil & Gas Electric Submersible Pump Market Share

Report ID: GMI6180
Published Date: Jul 2023
Report Format: PDF

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Oil & Gas Electric Submersible Pump Market Share

The major market players 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 oil & gas electric submersible pump market 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 oil & gas electric submersible pump reached USD 5.7 billion in 2023 and will record over 8% CAGR from 2024 to 2032 due to the recovering oil prices, rapidly exceeding population, and growing government support.

The onshore oil & gas electric submersible pump market is poised to witness over 9% CAGR from 2023 to 2032 driven by the ongoing investments toward well recovery along with the incessant need of artificial lift systems across conventional and unconventional fields.

Asia Pacific oil & gas electric submersible pump market recorded over 30% of the industry share in 2022 due to the robust presence of extensive offshore oil and gas fields, particularly in countries including China, Australia, Indonesia, and Malaysia.

Schlumberger Ltd, Weatherford, Baker Hughes, Flowserve Corporation, EBARA CORPORATION, Atlas Copco AB, WILO SE, Grundfos Holding A/S, and Gorman-Rupp Pumps are some of the major oil & gas electric submersible pump companies.