Electric submersible pumps are also known as sub pump. These devices are hermetically sealed motor which are attached to pump body. The whole system is inundated into liquid to be pumped. Electric submersible pumps are extra effective over jet pumps as they impulse liquid to the surface while jet pump pulls the fluid. Furthermore, these pumps avert pump cavitation that is caused by high raising difference among fluid surface and the pump.

Market Dynamics

The wide use of electric submersible pumps in oil and gas industry owing to its low maintenance, low space requirements and higher efficiency are some of the factors driving the growth of this market. However, these systems require very high electric and voltage supply and also they can’t be functioned at variable speed. These factors are restraining growth of this market. However, increasing oil & gas industry worldwide is offering alluring opportunity to this market.

Market Classification

The market can be bifurcated on the basis of types, operation, application, and geography. By types, electric submersible pump market can be segmented into borewell submersible pump and open well submersible pump. By operation, electric submersible pump market can be segmented into multistage and single stage. By application, electric submersible pump market can be segmented into onshore and offshore. On the basis of geography, the electric submersible pump market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.

Report Coverage

Market Participants

Some of the major players involved in electric submersible pump market include Falcon Pumps Pvt. Ltd., Grundfos Pumps Corporation, and Walrus America Inc among others.

Market Segmentation

Market By Type

• Borewell Submersible Pump
• Open Well Submersible Pump

Market By Operation

• Multistage
• Single Stage

Market By Application

• Onshore
• Offshore

Market By Geography

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Chile
  • Rest of LATAM
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • Rest of MEA