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Electrical Submersible Pump Market

The market for Electrical Submersible Pump was estimated at $9.9 billion in 2025; it is anticipated to increase to $14.1 billion by 2030, with projections indicating growth to around $20.2 billion by 2035.

Report ID:DS2402090
Author:Chandra Mohan - Sr. Industry Consultant
Published Date:
Datatree
Energy & Power
Oil & Gas
Electrical Submersible Pump
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Report Summary
Market Data
Methodology
Table of Contents

Global Electrical Submersible Pump Market Outlook

Revenue, 2025

$9.9B

Forecast, 2035

$20.2B

CAGR, 2026 - 2035

7.4%

The Electrical Submersible Pump (ESP) industry revenue is expected to be around $9.9 billion in 2026 and expected to showcase growth with 7.4% CAGR between 2026 and 2035. This sustained expansion underscores the growing strategic importance of the Electrical Submersible Pump market across critical end-use sectors, as operators prioritize high-reliability artificial lift solutions and efficient groundwater extraction to stabilize production and secure water supply. Oil & Gas and agriculture together contribute 59.1% of total demand, reflecting heavy reliance on ESP systems for boosting oil and gas production, optimizing irrigation, and maintaining high uptime in onshore oil wells and large-scale farming operations. Within the product landscape, the borewell type Electrical Submersible Pump segment led the industry with approximately $4.3 billion in sales in 2025, supported by widespread deployment in deepwell applications where compact design, energy-efficient motors, and reduced maintenance costs deliver measurable operational advantages. This combination of robust end-user dependence, technology-driven efficiency gains, and the ability to perform reliably in harsh, remote, water-stressed regions continues to reinforce the ongoing relevance of submersible pump solutions in global infrastructure and resource management strategies.

Electrical Submersible Pump solutions are multi-stage centrifugal pump assemblies installed downhole or underwater, integrating high-capacity pump stages, sealed motors, power cables, and surface controls to deliver continuous high-volume fluid lifting in demanding environments. Key features such as corrosion-resistant construction, precise flow control, and compatibility with advanced variable speed drives enable these submersible pumps to handle abrasive fluids, high temperatures, and varying well conditions while maintaining stable performance. Major applications span oil and gas production, agricultural irrigation, municipal and industrial water supply, mining dewatering, and large borewell pump systems, where reliable long-run operation is essential. Recent trends shaping demand include digitalization of ESP systems through real-time remote monitoring and diagnostics, optimization of artificial lift through data-driven control algorithms, and increased focus on energy-efficient pumping technologies that lower lifecycle costs and support environmental and regulatory compliance across global energy and water-management markets.

Electrical Submersible Pump market outlook with forecast trends, drivers, opportunities, supply chain, and competition 2025-2035
Electrical Submersible Pump Market Outlook

Market Key Insights

  • The Electrical Submersible Pump market is projected to grow from $9.9 billion in 2025 to $20.2 billion in 2035. This represents a CAGR of 7.4%, reflecting rising demand across Oil & Gas Industry, Water & Wastewater Management, and Mining Operations.

  • Schlumberger, Flowserve, and Grundfos Holding A/S are among the leading players in this market, shaping its competitive landscape.

  • U.S. and China are the top markets within the Electrical Submersible Pump market and are expected to observe the growth CAGR of 4.7% to 6.9% between 2025 and 2030.

  • Emerging markets including Nigeria, Indonesia and Brazil are expected to observe highest growth with CAGR ranging between 8.3% to 9.9%.

  • Transition like Industry Shift towards Energy Efficiency has greater influence in U.S. and China market's value chain; and is expected to add $395 million of additional value to Electrical Submersible Pump industry revenue by 2030.

  • The Electrical Submersible Pump market is set to add $9.9 billion between 2025 and 2035, with manufacturer targeting Construction & Building Services & Water & Wastewater Application projected to gain a larger market share.

  • With

    increased demand for oil and gas, and

    Advancements in Pump System Technology, Electrical Submersible Pump market to expand 100% between 2025 and 2035.

electrical submersible pump system market size with pie charts of major and emerging country share, CAGR, trends for 2025 and 2032
Electrical Submersible Pump - Country Share Analysis

Opportunities in the Electrical Submersible Pump

India’s rapid urbanization and tightening wastewater regulations are creating headroom for non-clog Electrical Submersible Pump deployments in municipal networks. Utilities are shifting from surface units to submersible non-clog pumps to handle higher solids, reduce maintenance, and free up land in dense cities. Globally, the non-clog segment is also projected to rise from about $2.03 billion in 2025 to $2.84 billion by 2030, at 6.95% CAGR, with Indian municipal wastewater applications in secondary and tertiary treatment expected to grow the fastest.

Growth Opportunities in Asia-Pacific and Middle East & Africa

In Asia-Pacific, the Electrical Submersible Pump market is primarily driven by agriculture, water & wastewater, and construction & building services, where high-dependency on groundwater management and deep well pumping underpins sustained demand. Top opportunities center on upgrading legacy submersible pump solutions to high-efficiency Electrical Submersible Pump configurations with variable speed drives and smart monitoring, particularly for large-scale irrigation schemes, industrial effluent handling, and high-rise building water supply. Competition is intense and fragmented, with a strong presence of regional manufacturers offering cost-competitive artificial lift systems and municipal pumping packages, which pressures international suppliers to differentiate through longer mean time between failures, lower lifecycle cost, and value-added services such as remote diagnostics and condition-based maintenance. Key regional drivers include rapid urbanization, stricter wastewater discharge norms, and government-led investments in rural irrigation and flood-control infrastructure, which favor standardized yet modular Electrical Submersible Pump portfolios optimized for energy efficiency, corrosion resistance, and fast deployment in boreholes, lift stations, and construction dewatering applications.
In the Middle East & Africa, the Electrical Submersible Pump market is dominated by oil & gas alongside significant water & wastewater needs, with artificial lift systems in mature reservoirs and high-capacity deep well pumping for municipal and agricultural supply emerging as the most critical end-user segments. Top opportunities lie in deploying robust Electrical Submersible Pump solutions engineered for high-temperature, high-salinity, and sand-laden wells, as well as integrated packages for produced water handling, desalination intake, and district water networks that leverage smart monitoring and remote diagnostics for uptime assurance. Competition is shaped by strong collaboration between international ESP specialists and regional oilfield services and EPC contractors, where tender-based procurement rewards proven field performance, rapid service response, and localized assembly or repair capabilities. Core demand drivers include ongoing brownfield oil recovery programs, water scarcity mitigation strategies, and large-scale infrastructure and power projects, all of which prioritize Electrical Submersible Pump offerings that reduce energy consumption, extend run life, and lower total lifecycle cost through digital performance optimization, tailored materials selection, and on-the-ground technical support.

Market Dynamics and Supply Chain

01

Driver: Rising artificial lift demand and deepwater production expansion driving electrical submersible pump adoption

Growing reliance on artificial lift systems is also a major driver for the electrical submersible pump market, particularly as conventional reservoirs mature and natural pressure declines. ESPs are also increasingly preferred due to their ability to handle high flow rates and operate efficiently at greater depths, supporting stable production in aging oil fields. Separately, expansion of deepwater and offshore oil and gas projects is also accelerating ESP deployment, as these environments require compact, high performance pumping solutions capable of operating under high pressure and temperature conditions. Technological improvements in motor efficiency, power cables, and downhole monitoring further enhance ESP reliability. Together, artificial lift demand and offshore production growth are also significantly increasing long term adoption of electrical submersible pumps across upstream operations.
Rising investment in water infrastructure and mining development is also a key driver for electrical submersible pumps. Municipal water supply expansion, wastewater treatment upgrades, and flood control projects increasingly rely on ESPs for continuous and energy efficient pumping. In mining, growing demand for minerals and metals is also driving mine expansion and deeper excavation, increasing the need for reliable dewatering solutions. ESPs are also favored for their compact design, ability to operate submerged, and resistance to harsh operating conditions. Advancements in abrasion resistant materials and variable speed also drives further support adoption, making ESPs essential for infrastructure and resource extraction projects worldwide.
02

Restraint: High upfront investment and complex installation limit electrical submersible pump expansion

The high initial capital required to procure, install, and integrate electrical submersible pumps remains a major restraint on market growth. ESP systems often cost tens of thousands to hundreds of thousands of dollars, which can deter small and medium operators from adoption, especially in price‑sensitive regions where financing is limited. Installation also requires specialized equipment, proper well design, and skilled technicians, increasing project timelines and costs. For example, remote agricultural or rural water projects may defer ESP installation due to budget constraints, reducing overall demand and dampening market revenue growth. This cost sensitivity thereby alters purchasing decisions and slows broader market penetration.
03

Opportunity: Digitalized Electrical Submersible Pumps for U.S. Shale Producers and Energy-Efficient Borewell ESPs for Smallholder Irrigation in Africa

U.S. shale operators increasingly demand high-reliability Electrical Submersible Pump solutions with real-time sensing and analytics. ESP systems combined with digital oilfield platforms, remote monitoring, and predictive maintenance reduce lifting costs and downtime in unconventional wells. Strategic collaborations between pump OEMs and automation partners will accelerate deployment of variable speed drives and data-driven optimization. Within this opportunity, oil and gas production applications using advanced artificial lift solution technology will experience the fastest growth, particularly in long-lateral horizontal wells requiring high-volume, stable ESP performance.
Across African smallholder farming regions, reliable groundwater access via borewell ESP solutions is still underpenetrated. Energy-efficient borewell ESPs paired with solar or hybrid power can transform irrigation economics for fragmented landholdings and horticulture clusters. Globally, the borewell segment is forecast to expand from $4.30 billion in 2025 to $6.15 billion by 2030, a 7.4% CAGR that slightly outpaces openwell pumps at 7.1%. Borewell applications serving drip and sprinkler irrigation in water-stressed African belts will represent the most dynamic growth pocket.
04

Challenge: Operational reliability challenges in harsh environments increase maintenance costs and downtime

Electrical submersible pumps deployed in demanding applications such as deep oil wells, mining dewatering, or wastewater with high solids face technical challenges that restrain market expansion. Harsh conditions accelerate wear, corrosion, and failures such as gas locking or sand abrasion, requiring frequent maintenance and part replacements. These issues raise operational expenditure and reduce service intervals, making some operators cautious about large‑scale ESP adoption. For instance, frequent servicing in deep offshore oilfields can lead to downtime that negatively impacts production and overall market dynamics, as operators weigh the lifecycle costs against alternative lift or pumping solutions.

Supply Chain Landscape

1

Components Manufacturing

FlowserveGrundfos Holding A/SXylem
2

Electrical Submersible Pump

Schlumberger LimitedSulzer Ltd.Xylem
3

Distribution & Services

Schlumberger LimitedSulzer Ltd.Flowserve
4

End-User Applications

Upstream Oil & GasMunicipal Water and WastewaterIndustrial Process Water
Electrical Submersible Pump - Supply Chain

Use Cases of Electrical Submersible Pump in Oil & Gas Industry & Mining Operations

Oil & Gas Industry : Electrical submersible pumps are widely used in the oil and gas industry to enhance production from mature and high-volume wells. High capacity multistage ESPs are most commonly deployed in onshore and offshore wells where artificial lift is required to handle large fluid volumes and high water cut. These pumps are installed deep inside the wellbore to efficiently lift crude oil to the surface while maintaining stable flow rates. ESPs offer advantages such as high efficiency, continuous operation, and suitability for deep reservoirs, making them essential for maximizing recovery and extending the productive life of oil and gas assets.
Water & Wastewater Management : In water and wastewater management, electrical submersible pumps are primarily used for raw water intake, sewage lifting, and effluent transfer applications. Submersible centrifugal pumps with corrosion resistant materials are most commonly used to handle clean water, sludge, and wastewater with suspended solids. These pumps operate fully submerged, ensuring quiet operation, reduced cavitation risk, and reliable performance in pumping stations and treatment plants. Their compact design, energy efficiency, and ability to operate continuously make ESPs well suited for municipal water supply systems and wastewater treatment facilities requiring dependable fluid handling solutions.
Mining Operations : Mining operations rely on electrical submersible pumps mainly for dewatering applications in underground and open pit mines. Heavy duty submersible dewatering pumps are commonly used to remove groundwater, slurry, and process water from mining sites to maintain safe and dry working conditions. These pumps are designed to withstand abrasive particles, high solids content, and demanding operating environments. ESPs provide consistent pumping performance, mobility, and minimal installation complexity, helping mining operators reduce downtime and protect equipment. Their durability and ability to operate in confined spaces make them critical for efficient mine water management.

Impact of Industry Transitions on the Electrical Submersible Pump Market

As a core segment of the Oil & Gas industry, the Electrical Submersible Pump market develops in line with broader industry shifts. Over recent years, transitions such as Industry Shift towards Energy Efficiency and Integration of AI and IoT have redefined priorities across the Oil & Gas sector, influencing how the Electrical Submersible Pump market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.
01

Industry Shift towards Energy Efficiency

The accelerating industry shift towards energy-efficient ESP solutions is reshaping the global value chain, with the U.S. and China emerging as the primary growth hubs. Driven by rising energy costs and more stringent environmental regulations, operators are rapidly adopting high‑efficiency ESP designs and advanced ESP systems to cut power consumption and curb carbon emissions, while optimizing oil and gas production economics. This transition from legacy artificial lift solutions to energy-efficient pumping technologies is not merely a compliance response but a strategic value driver, projected to add approximately $395 million in additional revenue to the ESP industry by 2030, strengthening profitability across manufacturers, service providers, and integrated operators in these key markets.
02

Integration of AI and IoT

The integration of AI and IoT is transforming electrical submersible pump operations by enabling predictive maintenance, real-time monitoring, and automated control. AI algorithms analyze sensor data to detect anomalies such as pump vibration, flow rate fluctuations, or motor overheating, allowing operators to address issues before failures occur. In the oil and gas industry, this reduces unplanned downtime and optimizes production from high-volume wells. Similarly, in water management and mining operations, IoT-enabled ESPs provide remote surveillance and automated alerts, improving operational efficiency, lowering maintenance costs, and ensuring continuous pumping performance in challenging or remote environments.