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石油和天然氣市場中的電潛泵 (ESP) - 全球產業規模、佔有率、趨勢、機會和預測，按按應用（陸上、海上）、按操作（單級、多級）、按地區、按競爭細分2019- 2029年

Electric Submersible Pump (ESP) in Oil and Gas Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Application (Onshore, offshore), By Operation (Single Stage, Multistage), By Region, By Competition 2019-2029

出版日期: 2024年01月07日 | 出版商:

TechSci Research | 英文 185 Pages | 商品交期: 2-3個工作天內

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簡介目錄

2023 年，全球石油和天然氣市場中的潛油泵 (ESP) 估值為 60.8 億美元，預計在預測期內將強勁成長，到 2029 年CAGR為 7.19%。

市場概況
預測期	2025-2029
2023 年市場規模	60.8億美元
2029 年市場規模	93.1億美元
2024-2029 年CAGR	7.19%
成長最快的細分市場	多級
最大的市場	北美洲

石油和天然氣市場中的電潛泵（ESP）是指為從油井中提取碳氫化合物而設計的專用泵送系統。它由離心泵、潛水馬達和相關控制系統組成，全部安裝在浸沒在井液中的密封單元內。此技術特別適用於傳統泵送方法不足的情況。 ESP 的工作原理是將地面的電能轉換為機械能，驅動泵浦將石油或天然氣從相當深的地方提升到井口。

ESP 廣泛應用於常規和非常規油藏，在提高石油採收率方面發揮關鍵作用。它們能夠應對具有挑戰性的井況，例如高溫、高黏度流體和斜井眼，這使得它們成為最佳化石油和天然氣生產的重要組成部分。作為石油和天然氣行業追求營運效率的關鍵組成部分，ESP 對整個開採和生產過程做出了重大貢獻，從而在滿足全球能源需求方面發揮著至關重要的作用。

主要市場促進因素

全球對石油和天然氣的需求不斷增加

Market Overview
Forecast Period	2025-2029
Market Size 2023	USD 6.08 Billion
Market Size 2029	USD 9.31 Billion
CAGR 2024-2029	7.19%
Fastest Growing Segment	Multistage
Largest Market	North America

The Electric Submersible Pump (ESP) in the Oil and Gas market refers to a specialized pumping system designed for the extraction of hydrocarbons from oil wells. It consists of a centrifugal pump, a submersible electric motor, and associated control systems, all housed within a sealed unit that is submerged in the well fluids. This technology is particularly utilized in scenarios where traditional pumping methods prove insufficient. The ESP operates by converting electrical energy from the surface into mechanical energy, driving the pump to lift oil or gas from considerable depths to the wellhead.

Widely employed in both conventional and unconventional reservoirs, ESPs play a pivotal role in enhancing oil recovery rates. Their ability to handle challenging well conditions, such as high temperatures, high viscosity fluids, and deviated wellbores, makes them integral to the optimization of oil and gas production. As a key component in the oil and gas industry's pursuit of operational efficiency, ESPs contribute significantly to the overall extraction and production processes, thereby playing a crucial role in meeting the global energy demands.

Key Market Drivers

Increasing Global Demand for Oil and Gas

The foremost driver propelling the growth of the global Electric Submersible Pump (ESP) market in the oil and gas sector is the incessant and escalating demand for hydrocarbons worldwide. As the global population burgeons and industrialization persists, the need for oil and gas remains insatiable. Electric Submersible Pumps play a pivotal role in enhancing oil recovery rates, particularly in mature and unconventional reservoirs, where conventional pumping methods fall short.

The rise in energy consumption, especially in emerging economies, has led to an augmented exploration and production activities in both conventional and unconventional oil and gas reservoirs. This surge in exploration efforts necessitates the use of efficient and reliable pumping technologies, making ESPs a critical component in the oil and gas industry's pursuit of meeting the escalating energy demands of the world.

Technological Advancements in ESP Systems

The constant evolution of technology has been a key driver in the global Electric Submersible Pump market. Advances in materials, sensors, monitoring systems, and automation have significantly enhanced the efficiency, reliability, and longevity of ESP systems. Modern ESPs are equipped with smart features that allow real-time monitoring and control, enabling operators to optimize pump performance and respond swiftly to changes in well conditions.

Furthermore, innovations in materials used in ESP manufacturing have improved resistance to corrosion and abrasion, prolonging the lifespan of these pumps in harsh operating environments. These technological advancements not only increase the overall efficiency of ESP systems but also contribute to a reduction in operational costs, making them more attractive for oil and gas operators.

Growing Focus on Unconventional Oil and Gas Resources

The depletion of easily accessible conventional oil and gas reserves has prompted the industry to shift its focus towards unconventional resources, such as shale oil and gas. ESPs are instrumental in the extraction of hydrocarbons from unconventional reservoirs, where the extraction process is often more challenging and complex. The ability of ESPs to handle high viscosity fluids and operate in horizontal and deviated wellbores makes them indispensable in the production from unconventional resources.

As the global energy landscape continues to evolve, with unconventional resources gaining prominence, the demand for ESPs is expected to surge, driving the growth of the global market. This shift towards unconventional resources aligns with the industry's commitment to meeting energy demands sustainably and efficiently.

Increasing Investments in Enhanced Oil Recovery (EOR) Techniques

With the maturation of many oilfields, there is a growing emphasis on Enhanced Oil Recovery (EOR) techniques to extract additional hydrocarbons from reservoirs. ESPs are widely employed in EOR methods, such as water flooding and polymer flooding, to increase the sweep efficiency and recoverability of oil. As the global oil and gas industry seeks to maximize production from existing fields, the adoption of EOR techniques is becoming more prevalent.

Investments in research and development aimed at improving EOR methods, coupled with government incentives to enhance oil recovery from mature fields, are contributing to the increased deployment of ESPs. The ability of ESPs to handle the challenging conditions associated with EOR processes positions them as a vital component in the drive to boost oil recovery from existing reservoirs.

Focus on Operational Efficiency and Cost Reduction

In an era where operational efficiency and cost-effectiveness are paramount, ESPs emerge as a solution that aligns with the industry's goals. The operational efficiency of ESPs, coupled with their ability to handle high flow rates and lift fluids from significant depths, makes them an attractive choice for oil and gas operators seeking to optimize their production processes.

Furthermore, advancements in ESP technology contribute to reducing operational costs by minimizing downtime, improving pump reliability, and enabling remote monitoring and control. As the industry grapples with the need to enhance efficiency while keeping costs in check, the adoption of ESPs becomes instrumental in achieving these goals.

Geopolitical Factors and Energy Security Concerns

Geopolitical factors and concerns about energy security continue to influence the global oil and gas market, driving the demand for technologies that can enhance production capabilities. The geopolitical landscape, marked by fluctuating oil prices and geopolitical tensions in key oil-producing regions, underscores the importance of maintaining a stable and secure energy supply.

ESP technology, by enabling efficient oil extraction and production, contributes to mitigating the impact of geopolitical uncertainties on global energy markets. As countries seek to ensure a reliable and uninterrupted supply of oil and gas, the deployment of ESPs becomes integral to achieving energy security objectives.

In conclusion, the Electric Submersible Pump market in the oil and gas sector is propelled by a confluence of factors, including the increasing global demand for hydrocarbons, technological advancements, a focus on unconventional resources, investments in enhanced oil recovery techniques, a drive for operational efficiency and cost reduction, and geopolitical factors influencing energy security. These drivers collectively shape the trajectory of the ESP market, positioning it as a vital component in the quest for sustainable and efficient energy production.

Government Policies are Likely to Propel the Market

Subsidies and Incentives for ESP Adoption in Unconventional Reservoirs

Governments worldwide are recognizing the importance of unconventional oil and gas resources in meeting energy demands. As a result, many have implemented policies aimed at incentivizing the adoption of Electric Submersible Pumps (ESPs) in the extraction of hydrocarbons from unconventional reservoirs. These subsidies and incentives are designed to encourage oil and gas operators to invest in ESP technology, which plays a crucial role in the efficient extraction of resources from challenging reservoirs.

Subsidies may take various forms, including financial incentives, tax breaks, or grants for companies that deploy ESPs in unconventional projects. By providing such support, governments aim to accelerate the development of unconventional resources, contribute to energy security, and stimulate economic growth within their jurisdictions. These policies not only drive the demand for ESPs but also align with broader energy and economic objectives.

Environmental Regulations Promoting ESP Efficiency and Sustainability

In response to increasing environmental concerns and the global push for sustainable energy practices, governments are implementing stringent regulations to govern the oil and gas industry's operations, including the use of Electric Submersible Pumps (ESPs). These regulations focus on minimizing the environmental impact of hydrocarbon extraction activities and promoting energy efficiency in pump systems.

Policies may mandate the adoption of environmentally friendly technologies, such as ESPs equipped with energy-efficient motors and monitoring systems to optimize pump performance. Governments are also setting emissions standards and guidelines for the disposal of produced water, encouraging the industry to adopt ESPs that contribute to reduced environmental footprint. Compliance with these regulations not only ensures environmental responsibility but also positions ESP technology as an integral component of sustainable oil and gas production.

Research and Development Funding for ESP Innovation

Governments recognize the pivotal role of innovation in advancing technology and driving economic growth. To foster innovation in the Electric Submersible Pump (ESP) sector, many countries implement policies that allocate funds for research and development (R&D) activities related to ESP technology. These initiatives aim to support the development of more efficient, reliable, and cost-effective ESP systems.

Funding may be directed towards projects focused on materials innovation, smart technologies, and automation in ESP manufacturing. By encouraging collaboration between industry players, research institutions, and technology providers, governments aim to accelerate the pace of ESP innovation. The resulting advancements not only benefit the oil and gas sector but also contribute to the overall technological progress within the country.

National Energy Security Initiatives Encouraging ESP Implementation

Governments recognize the critical role of the oil and gas sector in ensuring national energy security. To strengthen energy security and reduce dependency on external sources, many countries implement policies that promote the widespread adoption of technologies like Electric Submersible Pumps (ESPs) to enhance domestic production capabilities.

These initiatives may include the development of national strategies to boost oil and gas production, reduce reliance on imports, and increase overall energy self-sufficiency. By incentivizing the deployment of ESPs in both conventional and unconventional reservoirs, governments aim to secure a stable and reliable energy supply, mitigating the impact of geopolitical uncertainties on energy markets.

Infrastructure Development Support for ESP Applications

The successful implementation of Electric Submersible Pumps (ESPs) relies not only on advanced pump technology but also on robust supporting infrastructure. Governments recognize the importance of infrastructure development to facilitate the widespread deployment of ESPs in oil and gas operations. Policies may include initiatives to invest in the development of well infrastructure, power supply networks, and transportation systems that enhance the overall efficiency of ESP applications.

By addressing infrastructure challenges, governments aim to create an environment conducive to the seamless integration of ESP technology in diverse oil and gas fields. These policies contribute to reducing operational costs, improving project timelines, and promoting the overall growth of the ESP market within a country or region.

International Collaboration for ESP Standardization and Regulation

Given the global nature of the oil and gas industry, governments are increasingly recognizing the need for international collaboration in standardizing and regulating Electric Submersible Pumps (ESPs). Policies may involve participation in international forums and initiatives focused on developing common standards, guidelines, and best practices for the design, manufacturing, and deployment of ESP systems.

By fostering collaboration, governments aim to create a level playing field for manufacturers, operators, and service providers, ensuring consistent quality and performance standards across borders. Such policies contribute to enhancing the reliability and interoperability of ESP technology globally, benefiting both the industry and the international energy landscape.

In conclusion, government policies play a crucial role in shaping the trajectory of the global Electric Submersible Pump (ESP) market in the oil and gas sector. Subsidies, environmental regulations, research and development funding, national energy security initiatives, infrastructure development support, and international collaboration efforts collectively contribute to the growth, innovation, and sustainability of ESP technology on a global scale.

Key Market Challenges

Harsh Operating Environments and Equipment Reliability

One of the prominent challenges facing the global Electric Submersible Pump (ESP) market in the oil and gas industry is the demanding and often harsh operating environments in which these pumps are deployed. Oil and gas reservoirs are frequently characterized by high temperatures, high pressures, corrosive fluids, and abrasive substances, all of which can exert significant stress on ESP equipment. The reliability of ESP systems becomes crucial, as failures or downtime can result in substantial production losses and operational disruptions.

The corrosive nature of produced fluids, containing elements such as hydrogen sulfide and carbon dioxide, poses a threat to the longevity of ESP components. Additionally, the abrasive nature of certain reservoirs, especially in unconventional resource extraction, can lead to wear and tear on pump components, affecting performance and necessitating frequent maintenance.

To address this challenge, manufacturers must continuously innovate materials and designs to enhance the durability and corrosion resistance of ESPs. Moreover, operators need to implement proactive maintenance strategies, including real-time monitoring and predictive maintenance practices, to detect potential issues before they escalate. Overcoming the challenge of harsh operating environments requires a holistic approach that combines technological advancements, rigorous testing, and effective maintenance protocols.

High Initial Capital Costs and Operational Expenses

Another significant challenge confronting the global Electric Submersible Pump (ESP) market in the oil and gas sector revolves around the high initial capital costs associated with acquiring and installing ESP systems, as well as the ongoing operational expenses incurred throughout the pump's lifecycle. The upfront investment required for the purchase and installation of ESP equipment, including the pump itself, power cables, surface equipment, and control systems, can pose a considerable barrier for some oil and gas operators, particularly in smaller or financially constrained enterprises.

Furthermore, operational expenses related to the maintenance, monitoring, and energy consumption of ESPs contribute to the overall cost of ownership. Energy costs, in particular, represent a significant portion of the operational expenses, as ESPs often require substantial power to lift fluids from considerable depths in oil wells.

Mitigating this challenge involves a multi-faceted approach. Technological advancements that improve the efficiency of ESPs can contribute to reducing energy consumption and, consequently, operational costs. Governments and financial institutions may play a role in alleviating the financial burden by providing incentives, subsidies, or financing options to encourage the adoption of ESP technology. Additionally, operators can implement cost-effective maintenance strategies and explore leasing or rental options to manage upfront capital costs.

Addressing the challenge of high initial capital costs and operational expenses requires a collaborative effort between industry stakeholders, technology providers, and policymakers to create a conducive environment for the widespread adoption of ESPs. As advancements continue and supportive financial mechanisms are put in place, the industry can overcome this challenge and unlock the full potential of Electric Submersible Pumps in enhancing oil and gas production.

Segmental Insights

Operation Insights

The Single Stage segment held the largest Market share in 2023. Single-stage ESPs are typically more suitable for shallow wells with lower lift requirements. In such cases, the simplicity and cost-effectiveness of a single-stage design can make it a preferred choice.

Single-stage ESPs are generally simpler in design, consisting of a single impeller. This simplicity can contribute to increased reliability and ease of maintenance. In wells where the operating conditions are less demanding, a single-stage pump may offer sufficient performance with fewer components, potentially reducing the risk of failures.

Single-stage ESPs may be more cost-effective than multistage alternatives, making them an attractive option, especially in projects where capital expenditure is a significant consideration. This cost advantage can be a driving factor in the decision-making process for operators.

Application Insights

The Onshore segment held the largest Market share in 2023. Onshore wells are generally more accessible than offshore wells. This accessibility translates to lower drilling and maintenance costs compared to their offshore counterparts.

The simpler logistics of working on land contribute to reduced operational complexities, making onshore projects more cost-effective.

A significant portion of the world's oil and gas reserves is located onshore. Many prolific oil and gas fields are found in terrestrial regions, particularly in countries with extensive onshore geological formations.

Technological advancements in onshore drilling and well completion techniques have expanded the ability to extract oil and gas economically from onshore reservoirs.

Innovations in directional drilling and hydraulic fracturing (fracking) have opened up new possibilities for onshore production, contributing to the overall dominance of onshore activities.

Onshore facilities benefit from existing infrastructure, such as roads, pipelines, and power supply networks, facilitating efficient operations.

Accessibility to onshore sites enables quicker deployment of equipment and personnel, reducing downtime and optimizing production.

Onshore drilling is subject to different regulatory and environmental considerations compared to offshore activities. Regulatory approvals and environmental compliance may be more streamlined for onshore projects, promoting easier project development.

Onshore projects generally entail lower technical and operational risks compared to offshore endeavors. The stability of onshore operations contributes to the attractiveness of these projects for investors and operators.

Historically, a significant proportion of global oil and gas production has come from onshore fields. This trend has established a strong presence for onshore activities in the industry.

Regional Insights

North America:

Shale oil boom: The shale oil boom in the United States has also fueled the demand for ESPs. Shale oil wells typically have lower reservoir pressures and require ESPs to lift the oil to the surface.

Key players: Major players in the North American ESP market include Schlumberger, Baker Hughes, GE Oil & Gas, and Weatherford International.

Europe:

North Sea: The North Sea is a major driver of the ESP market in Europe. The aging oil fields in the North Sea require ESPs to maintain production levels.

Key players: Major players in the European ESP market include Schlumberger, Baker Hughes, and GE Oil & Gas.

Asia Pacific:

China: China is the largest oil and gas consumer in the Asia Pacific region and is a major driver of the ESP market. The country is investing heavily in its oil and gas infrastructure, which is creating demand for ESPs.

India: India is another major oil and gas consumer in the Asia Pacific region and is also seeing a growing demand for ESPs. The country is investing in its exploration and production activities, which is creating opportunities for ESP manufacturers.

Key players: Major players in the Asia Pacific ESP market include Schlumberger, Baker Hughes, GE Oil & Gas, and Weatherford International.

Key Market Players

Schlumberger Limited

Baker Hughes Company

Halliburton Company

Weatherford International plc

Borets International Limited

NOVOMET Service Company Ltd.

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:

Single Stage
Multistage

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

Onshore
Offshore

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
Kuwait
Turkey

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, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

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
1.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Formulation of the Scope
2.4. Assumptions and Limitations
2.5. Sources of Research
- 2.5.1. Secondary Research
- 2.5.2. Primary Research
2.6. Approach for the Market Study
- 2.6.1.The Bottom-Up Approach
- 2.6.2.The Top-Down Approach
2.7. Methodology Followed for Calculation of Market Size & Market Shares
2.8. Forecasting Methodology
- 2.8.1.Data Triangulation & Validation

3. Executive Summary

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 Operation (Single Stage, Multistage)
- 5.2.2. By Application (Onshore, offshore),
- 5.2.3. By Region
- 5.2.4. By Company (2023)
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 Operation
- 6.2.2. By Application
- 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 Operation
    - 6.3.1.2.2. By Application
- 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 Operation
    - 6.3.2.2.2. By Application
- 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 Operation
    - 6.3.3.2.2. By Application

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 Operation
- 7.2.2. By Application
- 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 Operation
    - 7.3.1.2.2. By Application
- 7.3.2. United Kingdom 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 Operation
    - 7.3.2.2.2. By Application
- 7.3.3. Italy 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 Operation
    - 7.3.3.2.2. By Application
- 7.3.4. France 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 Operation
    - 7.3.4.2.2. By Application
- 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 Operation
    - 7.3.5.2.2. By Application

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 Operation
- 8.2.2. By Application
- 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 Operation
    - 8.3.1.2.2. By Application
- 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 Operation
    - 8.3.2.2.2. By Application
- 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 Operation
    - 8.3.3.2.2. By Application
- 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 Operation
    - 8.3.4.2.2. By Application
- 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 Operation
    - 8.3.5.2.2. By Application

9. South America 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 Operation
- 9.2.2. By Application
- 9.2.3. By Country
9.3. South America: Country Analysis
- 9.3.1. Brazil 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 Operation
    - 9.3.1.2.2. By Application
- 9.3.2. Argentina 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 Operation
    - 9.3.2.2.2. By Application
- 9.3.3. Colombia 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 Operation
    - 9.3.3.2.2. By Application

10. Middle East and Africa 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 Operation
- 10.2.2. By Application
- 10.2.3. By Country
10.3. Middle East and Africa: Country Analysis
- 10.3.1. South Africa 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 Operation
    - 10.3.1.2.2. By Application
- 10.3.2. Saudi Arabia 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 Operation
    - 10.3.2.2.2. By Application
- 10.3.3. UAE 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 Operation
    - 10.3.3.2.2. By Application
- 10.3.4. Kuwait Electric Submersible Pump (ESP) in Oil and Gas Market Outlook
  - 10.3.4.1. Market Size & Forecast
    - 10.3.4.1.1. By Value
  - 10.3.4.2. Market Share & Forecast
    - 10.3.4.2.1. By Operation
    - 10.3.4.2.2. By Application
- 10.3.5. Turkey Electric Submersible Pump (ESP) in Oil and Gas Market Outlook
  - 10.3.5.1. Market Size & Forecast
    - 10.3.5.1.1. By Value
  - 10.3.5.2. Market Share & Forecast
    - 10.3.5.2.1. By Operation
    - 10.3.5.2.2. By Application

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

13. Company Profiles

13.1. Schlumberger Limited
- 13.1.1. Business Overview
- 13.1.2. Key Revenue and Financials
- 13.1.3. Recent Developments
- 13.1.4. Key Personnel/Key Contact Person
- 13.1.5. Key Product/Services Offered
13.2. Baker Hughes Company
- 13.2.1. Business Overview
- 13.2.2. Key Revenue and Financials
- 13.2.3. Recent Developments
- 13.2.4. Key Personnel/Key Contact Person
- 13.2.5. Key Product/Services Offered
13.3. Halliburton Company
- 13.3.1. Business Overview
- 13.3.2. Key Revenue and Financials
- 13.3.3. Recent Developments
- 13.3.4. Key Personnel/Key Contact Person
- 13.3.5. Key Product/Services Offered
13.4. Weatherford International plc
- 13.4.1. Business Overview
- 13.4.2. Key Revenue and Financials
- 13.4.3. Recent Developments
- 13.4.4. Key Personnel/Key Contact Person
- 13.4.5. Key Product/Services Offered
13.5. Borets International Limited
- 13.5.1. Business Overview
- 13.5.2. Key Revenue and Financials
- 13.5.3. Recent Developments
- 13.5.4. Key Personnel/Key Contact Person
- 13.5.5. Key Product/Services Offered
13.6. NOVOMET Service Company Ltd.
- 13.6.1. Business Overview
- 13.6.2. Key Revenue and Financials
- 13.6.3. Recent Developments
- 13.6.4. Key Personnel/Key Contact Person
- 13.6.5. Key Product/Services Offered
13.7. Grundfos Holding A/S
- 13.7.1. Business Overview
- 13.7.2. Key Revenue and Financials
- 13.7.3. Recent Developments
- 13.7.4. Key Personnel/Key Contact Person
- 13.7.5. Key Product/Services Offered
13.8. Atlas Copco AB
- 13.8.1. Business Overview
- 13.8.2. Key Revenue and Financials
- 13.8.3. Recent Developments
- 13.8.4. Key Personnel/Key Contact Person
- 13.8.5. Key Product/Services Offered
13.9. Sulzer Ltd.
- 13.9.1. Business Overview
- 13.9.2. Key Revenue and Financials
- 13.9.3. Recent Developments
- 13.9.4. Key Personnel/Key Contact Person
- 13.9.5. Key Product/Services Offered
13.10. Flowserve Corporation.
- 13.10.1. Business Overview
- 13.10.2. Key Revenue and Financials
- 13.10.3. Recent Developments
- 13.10.4. Key Personnel/Key Contact Person
- 13.10.5. Key Product/Services Offered