Europe Electric Submersible Pump Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024

Description

Europe Electric Submersible Pump Market, valued at USD 3.3 billion in 2023, is projected to grow at a robust CAGR of 7.9% from 2024 to 2032. The market expansion is largely attributed to the increasing exploration and production activities in the oil and gas sector. The demand for reliable pumping solutions capable of managing substantial fluid volumes is rising as industries strive to maximize output from both onshore and offshore reserves. ESPs are critical in facilitating the extraction of crude oil, water, and other fluids, ensuring efficiency in production processes.

Furthermore, Europe's transition toward renewable and alternative energy sources is fostering the adoption of ESPs in sectors like geothermal and hydropower. These pumps play a crucial role in enhancing energy efficiency and aligning with the region's stringent environmental regulations. With an emphasis on reducing energy consumption and carbon emissions, advanced ESP technologies are becoming central to achieving Europe's sustainability goals.

Among product types, borewell pumps have emerged as a dominant segment, surpassing USD 2.1 billion in market value in 2023, with an anticipated CAGR of 8% through 2032. These pumps are specifically designed for deep-water extraction, addressing the challenges of limited surface water availability. Their robust construction ensures reliability in demanding conditions, such as high pressure and fluctuating temperatures, making them a preferred choice for agricultural, industrial, and municipal applications. The durability of borewell ESPs minimizes maintenance costs and enhances their cost-effectiveness, reinforcing their growing demand across the region.

Market Scope
Start Year	2023
Forecast Year	2024-2032
Start Value	$3.3 Billion
Forecast Value	$6.3 Billion
CAGR	7.9%

By stage, multistage pumps accounted for 60% of the market share in 2023 and are expected to grow at a steady CAGR of 8% during the forecast period. Their ability to handle high pressures and transport fluids over long distances makes them highly versatile and energy-efficient. The multi-impeller design distributes workload evenly, reducing wear and extending the lifespan of the pumps. This ensures operational dependability and cost savings, making multistage ESPs a reliable choice for industries such as agriculture, oil and gas, and water management.

Germany stands out as a key player in the European ESP market, with a valuation exceeding USD 680 million in 2023, projected to double to USD 1.37 billion by 2032. The country's strong industrial infrastructure, technological advancements, and focus on energy-efficient innovations position it as a leader in delivering high-performance and environmentally friendly ESP solutions.

Product Code: 12427

Chapter 1 Methodology & Scope

1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry synopsis, 2021-2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Impact forces
- 3.6.1 Growth drivers
  - 3.6.1.1 Increase in oil & gas exploration
  - 3.6.1.2 Urbanization and infrastructure growth
  - 3.6.1.3 Focus on renewable and alternative energy
  - 3.6.1.4 Rising water scarcity and wastewater management needs
- 3.6.2 Industry pitfalls & challenges
  - 3.6.2.1 High installation and maintenance costs
  - 3.6.2.2 Supply chain and raw material shortage
3.7 Technological overview
3.8 Growth potential analysis
3.9 Porter's analysis
3.10 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Product Type, 2021-2032 (USD Billion) (Thousand Units)

5.1 Key trends
5.2 Borewell
5.3 Open well

Chapter 6 Market Estimates & Forecast, By Stage, 2021-2032 (USD Billion) (Thousand Units)

6.1 Key trends
6.2 Single stage
6.3 Multistage

Chapter 7 Market Estimates & Forecast, By Type, 2021-2032 (USD Billion) (Thousand Units)

7.1 Key trends
7.2 Automatic
7.3 Semi-automatic

Chapter 8 Market Estimates & Forecast, By Power Rating, 2021-2032 (USD Billion) (Thousand Units)

8.1 Key trends
8.2 Below 50 HP
8.3 50-100 HP
8.4 100-300 HP
8.5 Above 300 HP

Chapter 9 Market Estimates & Forecast, By Installation, 2021-2032 (USD Billion) (Thousand Units)

9.1 Key trends
9.2 Vertical pump
9.3 Horizontal pump

Chapter 10 Market Estimates & Forecast, By End Use, 2021-2032 (USD Billion) (Thousand Units)

10.1 Key trends
10.2 Residential
10.3 Commercial
10.4 Industrial
- 10.4.1 Oil & gas
- 10.4.2 Water & wastewater
- 10.4.3 Agricultural & irrigation
- 10.4.4 Construction
- 10.4.5 Mining
- 10.4.6 Others

Chapter 11 Market Estimates & Forecast, By Distribution Channel, 2021-2032 (USD Billion) (Thousand Units)

11.1 Key trends
11.2 Direct sales
11.3 Indirect sales

Chapter 12 Market Estimates & Forecast, By Region, 2021-2032 (USD Billion) (Thousand Units)

12.1 Key trends
12.2 Europe
- 12.2.1 UK
- 12.2.2 Germany
- 12.2.3 France
- 12.2.4 Italy
- 12.2.5 Spain
- 12.2.6 Norway
- 12.2.7 Netherlands
- 12.2.8 Russia
- 12.2.9 Poland
- 12.2.10 Sweden

Chapter 13 Company Profiles

13.1 ANDRITZ Ritz
13.2 Atlas Copco
13.3 EBARA Pumps
13.4 Flowserve
13.5 Schlumberger
13.6 Holland Pump
13.7 Framo
13.8 Franklin Electric
13.9 Liancheng Pump
13.10 Netzsch
13.11 Pentax
13.12 PRORIL Pumps
13.13 Rodelta Pumps International
13.14 SAER Elettropompe
13.15 Sulzer

Europe Electric Submersible Pump Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032