Electrical Submersible Pump (ESP)
Market
Electrical Submersible Pump (ESP) Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Electrical Submersible Pump (ESP) Market Size and Growth
The Electrical Submersible Pump (ESP) market research reports show a growing demand for ESPs due to their efficiency in extracting oil and gas from wells. The market size is projected to reach $11.4 billion by 2025, driven by increasing drilling activities and the need for efficient pumping solutions in the oil and gas industry.
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Companies Covered
(Covid 19 Impact Covered)
◍ Sulzer
◍ Grundfos Group
◍ KSB Group
◍ WILO
◍ Schlumberger Limited
◍ GE(Baker Hughes)
◍ Borets Company
◍ GE Oil & Gas
The Electrical Submersible Pump (ESP) market is highly competitive with key players like Sulzer, Grundfos Group, KSB Group, WILO, Schlumberger Limited, GE (Baker Hughes), Borets Company, and GE Oil & Gas dominating the industry. These companies utilize ESP technology to offer efficient pumping solutions for various industries and applications, contributing to the market's growth.
- Sulzer: $3.67 billion (2019 sales revenue)
- Grundfos Group: $4.09 billion (2019 sales revenue)
- KSB Group: $2.5 billion (2019 sales revenue)
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Market Segmentation
By Application
Industrial
Agriculture
Domestic
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By Product
Openwell
Borewell
Market Growth
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$ X Billion USD
