석유 및 가스용 전동 수중 펌프(ESP) 시장 - 세계 산업 규모, 점유율, 동향, 기회, 예측 : 용도별, 운영별, 지역별＆경쟁(2021-2031년)

The Global Electric Submersible Pump (ESP) in Oil and Gas Market is projected to expand from USD 7.81 Billion in 2025 to USD 12.31 Billion by 2031, reflecting a CAGR of 7.88%. Functioning as a specialized multistage centrifugal pump system installed downhole, the ESP is designed to transport moderate to substantial volumes of fluids from wellbores to the surface. The market's primary catalyst is the essential need to boost recovery rates from aging mature fields, coupled with the operational requirement for efficient, high-volume extraction in deepwater and unconventional reservoirs. These drivers constitute fundamental infrastructural necessities for maintaining global energy output amidst natural pressure declines, rather than representing temporary technological shifts.

This dependence on ESP technology is highlighted by recent technical priorities within the industry. According to the Society of Petroleum Engineers, in 2024, 64% of technical submissions concerning artificial lift at major conferences were dedicated to Electric Submersible Pumps, indicating a distinct sector preference for this method over other options. Despite this, a major obstacle hindering wider market growth persists in the form of high operational costs linked to pump failures and complicated well interventions, especially within harsh environments characterized by high gas-to-oil ratios or abrasive solids.

Market Driver

The rehabilitation of mature and depleted oil reservoirs serves as a leading market driver, requiring high-volume artificial lift systems to counteract natural pressure reduction. As primary recovery phases end, operators are compelled to utilize these pumps to sustain economic feasibility, especially in legacy fields where significant fluid lifting capacity is needed to manage rising water cuts. This trend was clearly demonstrated in Brazil, where extensive interventions are being applied to prolong asset life. According to Baker Hughes, April 2024, in the 'First Quarter 2024 Results', the firm won a contract from Petrobras to install electrical submersible pumps in 450 wells within the Bahia-Terra cluster, illustrating how ESPs are crucial for maintaining output in established reservoirs facing potential steep declines.

Additionally, the growth of unconventional shale developments generates significant demand for submersible pumping solutions. Because these reservoirs face rapid initial decline rates and high water volumes, they necessitate lift systems capable of handling abrasive solids and variable flow rates. As a result, operators in major basins such as the Permian depend on ESPs to ensure stable long-term production. According to the U.S. Energy Information Administration, October 2024, in the 'Drilling Productivity Report', oil production in the Permian region was anticipated to hit roughly 6.5 million barrels per day, driving substantial infrastructure needs. This operational demand mirrors the financial results of leading equipment suppliers; according to SLB, October 2024, in the 'Third Quarter 2024 Earnings Release', Production Systems revenue hit USD 3.1 billion, fueled largely by artificial lift sales, highlighting the technology's essential role in optimizing recovery from unconventional formations.

Market Challenge

The principal obstacle restricting the growth of the Global Electric Submersible Pump (ESP) market is the elevated operational expenditure caused by frequent pump failures and the subsequent necessity for expensive, complex well interventions. Within harsh extraction settings defined by high gas-to-oil ratios or abrasive solids, ESP systems are susceptible to gas locking and mechanical stress, which drastically reduces their operational lifespan. This reliability concern establishes a significant economic hurdle for operators, as the financial costs of unplanned downtime and the need for heavy workover rigs to recover downhole equipment often exceed the system's initial capital efficiency. As a result, upstream companies are often discouraged from utilizing ESPs in technically challenging or marginal assets where profit margins are too thin to absorb these erratic maintenance expenses.

This lack of operational stability restricts the market's reach by compelling operators to opt for alternatives that may be less volume-efficient but offer greater robustness. The gravity of this reliability issue is evident in recent industry performance metrics. According to the Society of Petroleum Engineers, in 2024, the global top-quartile benchmark for ESP failure indices stood at 10.8%. This figure suggests that even the most optimized operations expect a notable frequency of failure, implying that the wider industry average is significantly higher. Such high failure rates lead directly to increased lifting costs per barrel, creating financial uncertainty that impedes the widespread implementation of ESP technology in cost-conscious unconventional reservoirs.

Market Trends

The shift toward Permanent Magnet Motor (PMM) technology is displacing induction motors by providing systems with enhanced efficiency and power density. By employing rare-earth magnets to negate excitation losses, PMMs drastically lower heat production and facilitate operations within slimmer wellbores. This advancement directly decreases the energy intensity of artificial lift while bolstering reliability in thermal reservoirs. The economic advantage is distinct; according to Baker Hughes, March 2024, in the 'Integrated production solution doubled production, cut monthly electric costs in half in Permian wells' case study, the utilization of Magnefficient PMM technology allowed an operator to save roughly USD 4,000 per month in electricity expenses alone.

Concurrently, the incorporation of AI-driven predictive maintenance models is reshaping operational strategies by leveraging real-time data to predict failures. Operators are now utilizing algorithms that examine temperature and vibration variances to dynamically modify pump parameters, thereby preventing reactive repairs. This forward-looking strategy mitigates the financial repercussions of unplanned downtime and maximizes asset durability. The merit of this innovation is measurable; according to nybl, June 2024, in the 'Enhance Oil Production by Optimizing ESP Operating Parameters Using AI' report, the application of liftAI technology showed the ability to prolong pump lifespan by up to 20% via advanced failure prediction.

Key Market Players

• Schlumberger Limited
• Baker Hughes Company
• Halliburton Energy Services Inc.
• Weatherford International plc
• Levare International Limited
• Novomet
• Grundfos Holding A/S
• Atlas Copco AB
• Sulzer Ltd.
• Flowserve Corporation

Report Scope

In this report, the Global Electric Submersible Pump (ESP) in Oil and Gas Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Electric Submersible Pump (ESP) in Oil and Gas Market, By Application

• Onshore
• offshore

Electric Submersible Pump (ESP) in Oil and Gas Market, By Operation

• Single Stage
• Multistage

Electric Submersible Pump (ESP) in Oil and Gas Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Electric Submersible Pump (ESP) in Oil and Gas Market.

Available Customizations:

Global Electric Submersible Pump (ESP) in Oil and Gas Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Electric Submersible Pump (ESP) in Oil and Gas Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Application (Onshore, offshore)
  • 5.2.2. By Operation (Single Stage, Multistage)
  • 5.2.3. By Region
  • 5.2.4. By Company (2025)
• 5.3. Market Map

6. North America Electric Submersible Pump (ESP) in Oil and Gas Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Application
  • 6.2.2. By Operation
  • 6.2.3. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Electric Submersible Pump (ESP) in Oil and Gas Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Application
      • 6.3.1.2.2. By Operation
  • 6.3.2. Canada Electric Submersible Pump (ESP) in Oil and Gas Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Application
      • 6.3.2.2.2. By Operation
  • 6.3.3. Mexico Electric Submersible Pump (ESP) in Oil and Gas Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Application
      • 6.3.3.2.2. By Operation

7. Europe Electric Submersible Pump (ESP) in Oil and Gas Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Application
  • 7.2.2. By Operation
  • 7.2.3. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Electric Submersible Pump (ESP) in Oil and Gas Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Application
      • 7.3.1.2.2. By Operation
  • 7.3.2. France Electric Submersible Pump (ESP) in Oil and Gas Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Application
      • 7.3.2.2.2. By Operation
  • 7.3.3. United Kingdom Electric Submersible Pump (ESP) in Oil and Gas Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Application
      • 7.3.3.2.2. By Operation
  • 7.3.4. Italy Electric Submersible Pump (ESP) in Oil and Gas Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Application
      • 7.3.4.2.2. By Operation
  • 7.3.5. Spain Electric Submersible Pump (ESP) in Oil and Gas Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Application
      • 7.3.5.2.2. By Operation

8. Asia Pacific Electric Submersible Pump (ESP) in Oil and Gas Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Application
  • 8.2.2. By Operation
  • 8.2.3. By Country
• 8.3. Asia Pacific: Country Analysis
  • 8.3.1. China Electric Submersible Pump (ESP) in Oil and Gas Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Application
      • 8.3.1.2.2. By Operation
  • 8.3.2. India Electric Submersible Pump (ESP) in Oil and Gas Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Application
      • 8.3.2.2.2. By Operation
  • 8.3.3. Japan Electric Submersible Pump (ESP) in Oil and Gas Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Application
      • 8.3.3.2.2. By Operation
  • 8.3.4. South Korea Electric Submersible Pump (ESP) in Oil and Gas Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Application
      • 8.3.4.2.2. By Operation
  • 8.3.5. Australia Electric Submersible Pump (ESP) in Oil and Gas Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Application
      • 8.3.5.2.2. By Operation

9. Middle East & Africa Electric Submersible Pump (ESP) in Oil and Gas Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Application
  • 9.2.2. By Operation
  • 9.2.3. By Country
• 9.3. Middle East & Africa: Country Analysis
  • 9.3.1. Saudi Arabia Electric Submersible Pump (ESP) in Oil and Gas Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Application
      • 9.3.1.2.2. By Operation
  • 9.3.2. UAE Electric Submersible Pump (ESP) in Oil and Gas Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Application
      • 9.3.2.2.2. By Operation
  • 9.3.3. South Africa Electric Submersible Pump (ESP) in Oil and Gas Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Application
      • 9.3.3.2.2. By Operation

10. South America Electric Submersible Pump (ESP) in Oil and Gas Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Application
  • 10.2.2. By Operation
  • 10.2.3. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil Electric Submersible Pump (ESP) in Oil and Gas Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Application
      • 10.3.1.2.2. By Operation
  • 10.3.2. Colombia Electric Submersible Pump (ESP) in Oil and Gas Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Application
      • 10.3.2.2.2. By Operation
  • 10.3.3. Argentina Electric Submersible Pump (ESP) in Oil and Gas Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Application
      • 10.3.3.2.2. By Operation

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Merger & Acquisition (If Any)
• 12.2. Product Launches (If Any)
• 12.3. Recent Developments

13. Global Electric Submersible Pump (ESP) in Oil and Gas Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. Schlumberger Limited
  • 15.1.1. Business Overview
  • 15.1.2. Products & Services
  • 15.1.3. Recent Developments
  • 15.1.4. Key Personnel
  • 15.1.5. SWOT Analysis
• 15.2. Baker Hughes Company
• 15.3. Halliburton Energy Services Inc.
• 15.4. Weatherford International plc
• 15.5. Levare International Limited
• 15.6. Novomet
• 15.7. Grundfos Holding A/S
• 15.8. Atlas Copco AB
• 15.9. Sulzer Ltd.
• 15.10. Flowserve Corporation

16. Strategic Recommendations

17. About Us & Disclaimer