Forgot Password?

Electric Submersible Pump Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Electric Submersible Pump Manufacturing Market Research Report | Industrial Machinery, Gas & Chemicals | General Purpose Machinery Manufacturing | Aug 2016

Pumped up: After brief decline, rebounding oil prices will improve downstream demand

IBISWorld’s Electric Submersible Pump Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Baker Hughes Baker Hughes market share
Flowserve Corporation Flowserve Corporation  market share
ITT Corporation ITT Corporation  market share
Schlumberger Ltd. Schlumberger Ltd. market share
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Purchase to read more
Purchase to read more
Industry Analysis & Industry Trends

The Electric Submersible Pump Manufacturing industry benefits from near-constant demand for oil and gas, and experienced steady growth in the past five years. However, revenue is expected to briefly decline in 2015 due to low oil prices. The global price of oil has lost nearly half its value since late 2014 due to oversupply, leading drilling firms to curtail production and, in turn, reduce their demand for industry products. Nevertheless, oil prices are expected to rebound in the five years to 2020, and the industry will consequently resume its growth over the period. The largest four companies will continue to control a majority of the market, reaping high profits and investing in ongoing technological innovation.... purchase to read more

Industry Report - Industry Products Chapter

Low-temperature pumps

Low-temperature pumps are the most common type of electric submersible pump (ESP) manufactured by this industry, generating an estimated 59.5% of revenue in 2016. This segment encompasses pumps not specifically designed for the high temperatures of deep and offshore oil wells. These economical and efficient pumps are used to reduce the pressure at the bottom of an oil well, which allows a higher level of oil production from the well.

High-temperature pumps

High-temperature ESPs are designed to operate in the deepest oil wells, which are typically offshore wells. These ESPs are typically just more robust versions of their low-temperature counterpart. However, this allows them to work in temperatures up to 300 degrees Fahrenheit... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Electric Submersible Pump Manufacturing Industry?

This industry manufactures electric submersible pumps (ESPs) for oil and gas well drilling. Operators also provide monitoring systems, equipment engineering and other services that complement ESP systems.

Industry Products
Low-temperature pumpsHigh-temperature pumpsComplementary services
Industry Activities
Manufacturing electric submersible pumpsProviding oil well monitoring servicesPump installation

View Sample
Select Clients