The Electrical Submersible Pumps (ESPs) Market size was valued at USD 2.07 billion in 2024, and the total Revenue is expected to grow at a CAGR of 6.8 % from 2025 to 2032, reaching nearly USD 3.5 billion.Electrical Submersible Pumps (ESPs) Market Overview:
The MMR report provides an analysis of the Electrical Submersible Pumps (ESPs) Market, covering pricing trends, cost structures, and regional adoption patterns, including OEM vs. aftermarket pricing and the impact of raw materials, energy costs, and maintenance. It examines usage across industries, comparative adoption of ESPs versus other pumping methods, and the influence of automation, IoT, and remote monitoring. The report also explores technology and innovation advancements, import–export dynamics, and supply chain structures, alongside sustainability initiatives, environmental impact, and ESG strategies. it reviews the policy and regulatory landscape across regions, including energy efficiency standards, safety regulations, environmental policies, and certification requirements, offering a complete market perspective for stakeholders. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology :- Request Free Sample Report The electric submersible pumps are widely used in the oil & gas industry because of its higher efficiency, low maintenance and low space requirements. Also, the growing oil & gas industry is projected to drive the market for ESP systems and has various opportunities for the market in future. Moreover, increasing exploration and production activities across alternative resources in North America are predicted to boost ESPs installation in the forthcoming years. Contrary to this, the constantly declining oil prices could have a harmful influence on the market’s overall trajectory.
Electrical Submersible Pumps (ESPs) Market Segment Analysis
Based on the Application, In 2024, Onshore applications are set to dominate the Electrical Submersible Pumps (ESPs) Market, supported by their extensive use in oil & gas production, agriculture, municipal water supply, and industrial processes due to lower costs and easier deployment. Offshore applications, though smaller in share, are gaining importance with the growing need for reliable artificial lift solutions in deepwater and ultra-deepwater oilfields, where ESPs are designed to operate under high-pressure and high-temperature conditions.Based on the Installation, In 2024, Vertical Pumps are expected to dominate the ESP market, driven by their widespread adoption in onshore oil & gas, municipal water supply, and industrial applications where space efficiency, high capacity, and deep-well performance are critical. Horizontal Pumps follow closely, supported by their ease of maintenance, versatility in installation, and suitability for shallow wells, irrigation, and industrial pumping needs. Together, these installation types highlight the ESP market’s adaptability across diverse operational environments, balancing high-performance vertical configurations with the flexibility of horizontal setups.
Electrical Submersible Pumps (ESPs) Market Regional Insights
Regionally, Europe held the leading share of 60.01 % within the global electrical submersible pumps market in 2023. Russia has developed because of the most profitable marketplace for ESPs in Europe. The increasing electrical submersible pump installations in Europe is attributed to the rising demand from the offshore sector in Kazakhstan and also the bit by bit declining oil production within the North Sea. Spurred by these factors, demand for artificial lifting systems is probably going to extend in Europe. Also, Europe is projected to retain its position as the prominent market for ESPs through the forecast period. The increasing demand from oilfields in Russia, Kazakhstan, and the U.K. will seal Europe’s position as the market exhibiting the highest number of ESP installations. Moreover, in North America, the U.S. is projected to report the highest installation of ESPs in 2023. As well, the ESP producers are also anticipated to witness attractive opportunities in Canada and Mexico. Since many well-known oilfield services providers are domiciled in this region, the ESP market in North America will rise at a positive pace through the forecast period. In Asia Pacific the ESP manufacturers are likely to gain from the increasing offshore industries in China, Malaysia, and Australia. The report gives a market outline covering key drivers and risks factors. The report is split by top global manufactures mentioning sales, revenue and prices as applicable. It also evaluates the competitive scenario of the foremost players. The report expands to cover regional market data along with product type, operation, and application. The report forecasts sales and revenue from 2024 to 2030. The detailed sales channel is also covered in the study. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global electrical submersible pumps (ESPs) market.Key Highlights:
Global Electrical Submersible Pumps (ESPs) Market analysis and forecast, in terms of value. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Electrical Submersible Pumps (ESPs) Market Global market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. The Electrical Submersible Pumps (ESPs) Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. Global Electrical Submersible Pumps (ESPs) Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global market are also profiled.Electrical Submersible Pumps (ESPs) Market Scope: Inquire before buying
Global Electrical Submersible Pumps (ESPs) Market Report Coverage Details Base Year: 2024 Forecast Period: 2025-2032 Historical Data: 2019 to 2024 Market Size in 2024: USD 2.07 Bn. Forecast Period 2025 to 2032 CAGR: 6.8% Market Size in 2032: USD 3.5 Bn. Segments Covered: by Product Type Borewell Non-Clog Openwell by Operation Multistage Single Stage by Installation Vertical pump Horizontal pump by Application Onshore Offshore by End Use Industry Oil & Gas Water & Wastewater Agricultural & Irrigation Industrial Mining Construction Others Electrical Submersible Pumps (ESPs) Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Electrical Submersible Pumps (ESPs) Market, Key Players
1. SLB 2. Baker Hughes Company 3. Halliburton Company 4. Weatherford International 5. Borets International Limited 6. Novomet 7. ALKHORAYEF Petroleum 8. DOS Canada Inc. 9. ChampionX 10. Extract Production Services LLC 11. Grundfos Holding A/S 12. Sulzer Ltd. 13. Xylem Inc. 14. KSB SE & Co. KGaA 15. Wilo SE 16. Ebara Corporation 17. Tsurumi Manufacturing Co., Ltd. 18. Franklin Electric Co., Inc. 19. Kirloskar Brothers Limited 20. Shakti Pumps (India) Limited 21. Gorman-Rupp Company 22. Pleuger Industries GmbH 23. Homa Pumpenfabrik GmbH 24. Grindex AB 25. LEO Group Pump (Zhejiang) Co., Ltd. 26. VANSAN Water Technologies 27. GE Vernova 28. CRI Pumps 29. Taro Pumps 30. HCP Pump Manufacturer Co., Ltd. 31. Dab Pumps S.p.A. 32. OthersFrequently Asked Questions:
1] What segments are covered in the Electrical Submersible Pumps (ESPs) Market report? Ans. The segments covered in the Electrical Submersible Pumps (ESPs) Market report are based on Product Type, Operation, Installation, Application, End-user Industry, and region 2] Which region is expected to hold the highest share of the Electrical Submersible Pumps (ESPs) Market? Ans. The North America region is expected to hold the highest share of the Electrical Submersible Pumps (ESPs) Market. 3] What is the market size of the Electrical Submersible Pumps (ESPs) Market by 2032? Ans. The market size of the Electrical Submersible Pumps (ESPs) Market by 2032 is USD 3.5 Bn. 4] What is the growth rate of the Electrical Submersible Pumps (ESPs) Market? Ans. The Global Market is growing at a CAGR of 6.8 % during the forecasting period 2025-2032. 5] What was the market size of the Market in 2024? Ans. The market size of the Market in 2024 was USD 2.07 Bn.
1. Electrical Submersible Pumps (ESPs) Market: Executive Summary 1.1. Executive Summary 1.1.1. Market Size (2024) & Forecast (2025-2032) 1.1.2. Market Size (Value in USD Billion, Volume in Units) - By Segments, Regions, and Country 2. Electrical Submersible Pumps (ESPs) Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Positioning Of Key Players 2.3. Key Players Benchmarking 2.3.1. Company Name 2.3.2. Headquarter 2.3.3. Product Portfolio 2.3.4. End-User 2.3.5. Pump Capacity (HP) 2.3.6. Market Share 2024 (%) 2.3.7. Revenue 2024 (USD) 2.3.8. Profit Margin (%) 2.3.9. New Product Introduction (NPI) Rate 2.3.10. Customer Satisfaction Index 2.3.11. Warranty Claim Rate 2.3.12. Carbon Footprint Disclosure 2.3.13. Geographical Presence 2.4. Market Structure 2.4.1. Market Leaders 2.4.2. Market Followers 2.4.3. Emerging Players 2.5. Mergers and Acquisitions Details 3. Electrical Submersible Pumps (ESPs) Market: Dynamics 3.1. Electrical Submersible Pumps (ESPs) Market Trends 3.2. Electrical Submersible Pumps (ESPs) Market Dynamics 3.2.1. Drivers 3.2.2. Restraints 3.2.3. Opportunities 3.2.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.4. PESTLE Analysis 3.5. Key Opinion Leader Analysis for the Electrical Submersible Pumps (ESPs) Market 3.6. Analysis of Government Schemes and Support for the Industry 4. Pricing & Cost Structure Analysis By Region 4.1.1. Historical and current price trends (2019–2024) 4.1.2. OEM vs. aftermarket ESP system and component pricing 4.1.3. Cost drivers: raw materials, power consumption, installation & maintenance 4.1.4. Impact of oil price volatility and electricity costs on ESP adoption 5. Usage Landscape and Comparative Adoption 5.1.1. Adoption of ESPs across end-use industries 2024 5.1.2. Comparative analysis of ESPs vs. other artificial lift and pumping methods 5.1.3. Regional adoption patterns and usage intensity 5.1.4. End-user preferences: cost efficiency, depth handling, energy consumption, and maintenance 5.1.5. Onshore vs. offshore adoption trends and applications 5.1.6. Impact of automation, IoT, and remote monitoring on adoption levels 6. Technology & Innovation Landscape 6.1. Integration of IoT and AI-driven monitoring systems for predictive maintenance 6.2. Development of high-temperature and gas-handling ESPs for complex well conditions 6.3. Advancements in variable frequency drives (VFDs) for efficiency and automation 6.4. Materials and sealing innovations for enhanced durability in offshore and corrosive environments 6.5. Design improvements in hydraulics to increase energy efficiency and reduce downtime 7. Import–Export & Trade Flow Analysis 2024 7.1. Country-wise imports and exports of ESP systems and components 7.2. Regional trade hubs for ESP manufacturing 7.3. Export competitiveness of India and emerging Asian suppliers 7.4. Key regulations influencing international trade in ESPs 8. Supply Chain Analysis 8.1. Overview of ESP Manufacturing and Assembly Value Chain 8.2. Key Raw Materials and Component Suppliers (motors, seals, impellers, sensors) 8.3. Role of OEMs vs. Tier-1 and Tier-2 Suppliers 8.4. Distribution and Dealer Networks across End-Use Industries 8.5. Logistics, Installation, and Maintenance Support Ecosystem 8.6. Supply Chain Risks: Material Shortages, Import Dependence, and Cost Volatility 8.7. Strategies for Supply Chain Optimization and Localization 9. Sustainability and Environmental Impact 9.1. Energy efficiency improvements in ESP design and operation 9.2. Reduction of carbon footprint through advanced motor and material technologies 9.3. Recycling and reuse of pump components and materials 9.4. Impact of water usage and wastewater management in ESP applications 9.5. Environmental challenges of ESP deployment in oil & gas and mining sectors 9.6. Compliance with global sustainability frameworks and green certifications 9.7. Role of renewable energy-powered ESP systems (solar, wind-integrated) 9.8. ESG initiatives and corporate sustainability strategies of key ESP manufacturers 10. Policy & Regulatory Framework, By Region 10.1. National and international energy efficiency standards impacting ESP design 10.2. Oil & gas safety regulations and compliance requirements for ESPs 10.3. Environmental policies for water extraction and wastewater pumping 10.4. Certification & testing requirements (API, ISO, BIS) 11. Electrical Submersible Pumps (ESPs) Market: Global Market Size and Forecast by Segmentation (by Value in USD Billion, Volume in Units) (2024-2032) 11.1. Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Product Type (2024-2032) 11.1.1. Borewell 11.1.2. Non-Clog 11.1.3. Openwell 11.2. Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Operation (2024-2032) 11.2.1. Multistage 11.2.2. Single Stage 11.3. Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Installation (2024-2032) 11.3.1. Vertical pump 11.3.2. Horizontal pump 11.4. Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Application (2024-2032) 11.4.1. Onshore 11.4.2. Offshore 11.5. Electrical Submersible Pumps (ESPs) Market Size and Forecast, By End-User Industry (2024-2032) 11.5.1. Oil & Gas 11.5.2. Water & Wastewater 11.5.3. Agricultural & Irrigation 11.5.4. Industrial 11.5.5. Mining 11.5.6. Construction 11.5.7. Others 11.6. Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Region (2024-2032) 11.6.1. North America 11.6.2. Europe 11.6.3. Asia Pacific 11.6.4. Middle East and Africa 11.6.5. South America 12. North America Electrical Submersible Pumps (ESPs) Market Size and Forecast by Segmentation (by Value in USD Billion, Volume in Units) (2024-2032) 12.1. North America Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Product Type (2024-2032) 12.1.1. Borewell 12.1.2. Non-Clog 12.1.3. Openwell 12.2. North America Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Operation (2024-2032) 12.2.1. Multistage 12.2.2. Single Stage 12.3. North America Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Installation (2024-2032) 12.3.1. Vertical pump 12.3.2. Horizontal pump 12.4. North America Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Application (2024-2032) 12.4.1. Onshore 12.4.2. Offshore 12.5. North America Electrical Submersible Pumps (ESPs) Market Size and Forecast, By End-User Industry (2024-2032) 12.5.1. Oil & Gas 12.5.2. Water & Wastewater 12.5.3. Agricultural & Irrigation 12.5.4. Industrial 12.5.5. Mining 12.5.6. Construction 12.5.7. Others 12.6. North America Electrical Submersible Pumps (ESPs) Market Size and Forecast, by Country (2024-2032) 12.6.1. United States 12.6.1.1. United States Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Product Type (2024-2032) 12.6.1.1.1. Borewell 12.6.1.1.2. Non-Clog 12.6.1.1.3. Openwell 12.6.1.2. United States Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Operation (2024-2032) 12.6.1.2.1. Multistage 12.6.1.2.2. Single Stage 12.6.1.3. United States Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Installation (2024-2032) 12.6.1.3.1. Vertical pump 12.6.1.3.2. Horizontal pump 12.6.1.4. United States Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Application (2024-2032) 12.6.1.4.1. Onshore 12.6.1.4.2. Offshore 12.6.1.5. United States Electrical Submersible Pumps (ESPs) Market Size and Forecast, By End-User Industry (2024-2032) 12.6.1.5.1. Oil & Gas 12.6.1.5.2. Water & Wastewater 12.6.1.5.3. Agricultural & Irrigation 12.6.1.5.4. Industrial 12.6.1.5.5. Mining 12.6.1.5.6. Construction 12.6.1.5.7. Others 12.6.2. Canada 12.6.2.1. Canada Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Product Type (2024-2032) 12.6.2.1.1. Borewell 12.6.2.1.2. Non-Clog 12.6.2.1.3. Openwell 12.6.2.2. Canada Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Operation (2024-2032) 12.6.2.2.1. Multistage 12.6.2.2.2. Single Stage 12.6.2.3. Canada Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Installation (2024-2032) 12.6.2.3.1. Vertical pump 12.6.2.3.2. Horizontal pump 12.6.2.4. Canada Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Application (2024-2032) 12.6.2.4.1. Onshore 12.6.2.4.2. Offshore 12.6.2.5. Canada Electrical Submersible Pumps (ESPs) Market Size and Forecast, By End-User Industry (2024-2032) 12.6.2.5.1. Oil & Gas 12.6.2.5.2. Water & Wastewater 12.6.2.5.3. Agricultural & Irrigation 12.6.2.5.4. Industrial 12.6.2.5.5. Mining 12.6.2.5.6. Construction 12.6.2.5.7. Others 12.6.3. Mexico 12.6.3.1. Mexico Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Product Type (2024-2032) 12.6.3.1.1. Borewell 12.6.3.1.2. Non-Clog 12.6.3.1.3. Openwell 12.6.3.2. Mexico Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Operation (2024-2032) 12.6.3.2.1. Multistage 12.6.3.2.2. Single Stage 12.6.3.3. Mexico Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Installation (2024-2032) 12.6.3.3.1. Vertical pump 12.6.3.3.2. Horizontal pump 12.6.3.4. Mexico Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Application (2024-2032) 12.6.3.4.1. Onshore 12.6.3.4.2. Offshore 12.6.3.5. Mexico Electrical Submersible Pumps (ESPs) Market Size and Forecast, By End-User Industry (2024-2032) 12.6.3.5.1. Oil & Gas 12.6.3.5.2. Water & Wastewater 12.6.3.5.3. Agricultural & Irrigation 12.6.3.5.4. Industrial 12.6.3.5.5. Mining 12.6.3.5.6. Construction 12.6.3.5.7. Others 13. Europe Electrical Submersible Pumps (ESPs) Market Size and Forecast by Segmentation (by Value in USD Billion, Volume in Units) (2024-2032) 13.1. Europe Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Product Type (2024-2032) 13.2. Europe Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Operation (2024-2032) 13.3. Europe Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Installation (2024-2032) 13.4. Europe Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Application (2024-2032) 13.5. Europe Electrical Submersible Pumps (ESPs) Market Size and Forecast, By End-User Industry (2024-2032) 13.6. Europe Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Country (2024-2032) 13.6.1. United Kingdom 13.6.2. France 13.6.3. Germany 13.6.4. Italy 13.6.5. Spain 13.6.6. Sweden 13.6.7. Russia 13.6.8. Rest of Europe 14. Asia Pacific Electrical Submersible Pumps (ESPs) Market Size and Forecast by Segmentation (by Value in USD Billion, Volume in Units) (2024-2032) 14.1. Asia Pacific Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Product Type (2024-2032) 14.2. Asia Pacific Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Operation (2024-2032) 14.3. Asia Pacific Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Installation (2024-2032) 14.4. Asia Pacific Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Application (2024-2032) 14.5. Asia Pacific Electrical Submersible Pumps (ESPs) Market Size and Forecast, By End-User Industry (2024-2032) 14.6. Asia Pacific Electrical Submersible Pumps (ESPs) Market Size and Forecast, by Country (2024-2032) 14.6.1. China 14.6.2. S Korea 14.6.3. Japan 14.6.4. India 14.6.5. Australia 14.6.6. Indonesia 14.6.7. Malaysia 14.6.8. Philippines 14.6.9. Thailand 14.6.10. Vietnam 14.6.11. Rest of Asia Pacific 15. Middle East and Africa Electrical Submersible Pumps (ESPs) Market Size and Forecast by Segmentation (by Value in USD Billion, Volume in Units) (2024-2032) 15.1. Middle East and Africa Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Product Type (2024-2032) 15.2. Middle East and Africa Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Operation (2024-2032) 15.3. Middle East and Africa Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Installation (2024-2032) 15.4. Middle East and Africa Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Application (2024-2032) 15.5. Middle East and Africa Electrical Submersible Pumps (ESPs) Market Size and Forecast, By End-User Industry (2024-2032) 15.6. Middle East and Africa Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Country (2024-2032) 15.6.1. South Africa 15.6.2. GCC 15.6.3. Nigeria 15.6.4. Rest of ME&A 16. South America Electrical Submersible Pumps (ESPs) Market Size and Forecast by Segmentation (by Value in USD Billion, Volume in Units) (2024-2032) 16.1. South America Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Product Type (2024-2032) 16.2. South America Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Operation (2024-2032) 16.3. South America Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Installation (2024-2032) 16.4. 16.5. South America Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Application (2024-2032) 16.6. South America Electrical Submersible Pumps (ESPs) Market Size and Forecast, By End-User Industry (2024-2032) 16.7. South America Electrical Submersible Pumps (ESPs) Market Size and Forecast, By Country (2024-2032) 16.7.1. Brazil 16.7.2. Argentina 16.7.3. Colombia 16.7.4. Chile 16.7.5. Rest of South America 17. Company Profile: Key Players 17.1. SLB 17.1.1. Company Overview 17.1.2. Business Portfolio 17.1.3. Financial Overview 17.1.4. SWOT Analysis 17.1.5. Strategic Analysis 17.2. Baker Hughes Company 17.3. Halliburton Company 17.4. Weatherford International 17.5. Borets International Limited 17.6. Novomet 17.7. ALKHORAYEF Petroleum 17.8. DOS Canada Inc. 17.9. ChampionX 17.10. Extract Production Services LLC 17.11. Grundfos Holding A/S 17.12. Sulzer Ltd. 17.13. Xylem Inc. 17.14. KSB SE & Co. KGaA 17.15. Wilo SE 17.16. Ebara Corporation 17.17. Tsurumi Manufacturing Co., Ltd. 17.18. Franklin Electric Co., Inc. 17.19. Kirloskar Brothers Limited 17.20. Shakti Pumps (India) Limited 17.21. Gorman-Rupp Company 17.22. Pleuger Industries GmbH 17.23. Homa Pumpenfabrik GmbH 17.24. Grindex AB 17.25. LEO Group Pump (Zhejiang) Co., Ltd. 17.26. VANSAN Water Technologies 17.27. GE Vernova 17.28. CRI Pumps 17.29. Taro Pumps 17.30. HCP Pump Manufacturer Co., Ltd. 17.31. Dab Pumps S.p.A. 17.32. Others 18. Key Findings 19. Analyst Recommendations 20. Electrical Submersible Pumps (ESPs) Market – Research Methodology
