Europe Electric Submersible Pump Market Size & Outlook
The electric submersible pump market in Europe is expected to reach a projected revenue of US$ 2,382.5 million by 2030. A compound annual growth rate of 4.4% is expected of Europe electric submersible pump market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,766.4
Forecast, 2030 (US$M)
$2,382.5
CAGR, 2024 - 2030
4.4%
Report Coverage
Europe
Europe electric submersible pump market, 2018-2030 (US$M)
Europe electric submersible pump market highlights
- The Europe electric submersible pump market generated a revenue of USD 1,766.4 million in 2023.
- The market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, borewell was the largest revenue generating product in 2023.
- Borewell is the most lucrative product segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 1,766.4 million |
| Market revenue in 2030 | USD 2,382.5 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Borewell |
| Fastest growing segment | Borewell |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Borewell |
| Key market players worldwide | Xylem Inc, Sulzer AG, KSB SE & Co KGaA, Grundfos, Atlas Copco AB ADR, Flowserve Corp, WILO, Pump Technology, LEO Group, Vansan Water Technologies, Grindex, Ebara Corp, Schlumberger Ltd, ITT Inc |
Other key industry trends
- In terms of revenue, Europe region accounted for 19.8% of the global electric submersible pump market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,549.6 million by 2030.
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Electric Submersible Pump Market Scope
Electric submersible pump market segmentation & scope
End use
Agriculture
Construction & Building Services
Power Generation
Oil & Gas
Chemical
Others
Electric Submersible Pump Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe electric submersible pump market
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