Top 5 Electric Submersible Pumps (ESP) Companies
Schlumberger Limited
Borets International Limited
Novomet
Halliburton Company
Baker Hughes Company
Source: Mordor Intelligence
Electric Submersible Pumps (ESP) Companies Matrix by Mordor Intelligence
Our comprehensive proprietary performance metrics of key Electric Submersible Pumps (ESP) players beyond traditional revenue and ranking measures
This MI Matrix can look different from simple revenue rankings because it weighs what buyers actually feel during selection and operations. Local repair access, electrical reliability, recent ESP platform launches, and proof of sustained uptime can outweigh a broader corporate footprint in other product lines. Offshore capable logistics and field staffing depth also matter, since intervention costs are far higher than the equipment price. Many operators want vendors that can handle high temperature wells without frequent workovers and still keep power draw predictable. Others prioritize nearby assembly and test centers that can turn a failed unit quickly, especially in remote onshore basins. The MI Matrix by Mordor Intelligence is better for supplier and competitor evaluation than revenue tables alone because it converts these practical capabilities into comparable scores.
MI Competitive Matrix for Electric Submersible Pumps (ESP)
The MI Matrix benchmarks top Electric Submersible Pumps (ESP) Companies on dual axes of Impact and Execution Scale.
Analysis of Electric Submersible Pumps (ESP) Companies and Quadrants in the MI Competitive Matrix
Comprehensive positioning breakdown
Baker Hughes Company
Recent contract wins signal how fast Baker Hughes is leaning into uptime plus automation as a bundled ESP offer. Baker Hughes, a leading vendor, announced a multi year ESP award with SOCAR in June 2024, with the first 50 units expected that year and Leucipa automation positioned alongside the hardware. It also disclosed a Kuwait Oil Company award in December 2025 that pairs ESP supply with installation, surveillance, and drive plus software integration, fitting stricter operating discipline and emissions reporting expectations. If Kuwait expands offshore programs, the service model should scale, but workshop loading and local talent depth remain a real risk.
Schlumberger Limited
April 2024 launch marked a clear product cycle reset when SLB introduced the Reda Agile compact wide range ESP system and the PowerEdge ESPCP system. SLB, a top player, tied the new systems to live surveillance and optimization, which aligns with tighter flaring and energy use scrutiny across many basins. The Pertamina field example reinforces a practical angle because a complex offshore well ran more than 300 days after prior failures. If power pricing rises sharply, the focus on efficiency should help demand, yet supply chain timing for motors and cable can still drive costly deferrals.
Halliburton Company
Geothermal positioning is now a visible part of Halliburton's ESP story rather than just a side effort. Halliburton, a major OEM, launched GeoESP lifting pumps in May 2024 and emphasized durability and high temperature capability up to 220C for harsh wells. That direction fits permitting pressure and public review, since operators want more reliable lift with fewer interventions. If geothermal investment accelerates, Halliburton can reuse service discipline from oilfield work, though solids and scale remain a stubborn weak point even with better inlets. The upside is strong differentiation in high heat segments, while the risk is slower adoption cycles outside early pilot regions.
Frequently Asked Questions
What should I demand in an ESP vendor's reliability proof?
Ask for run life distributions by well type, plus failure root cause summaries and corrective actions. Require evidence of repair turnaround times and spare strategy in your basin.
How do I compare ESP digital monitoring offers across vendors?
Start with alarm coverage, sensor options, and who acts on alerts 24/7. Then verify how often setpoints are tuned and how changes are approved and logged.
What matters most when selecting ESPs for offshore wells?
Focus on intervention avoidance, qualified materials for corrosion and scale, and logistics for spares. Confirm who owns system integration for cable, drives, and monitoring.
How can I reduce ESP power cost without changing the full downhole string?
Many gains come from better drives, harmonic control, and tighter operating envelopes. Also review restart logic and cooling margins for low flow conditions.
When does it make sense to switch from ESP to another lift method?
Switch when solids, gas, or low flow makes repeated failures predictable and costly. Use a clear decision rule tied to workover frequency and produced fluid behavior.
What contract terms best protect buyers for ESP outcomes?
Use uptime or run life aligned service levels where feasible, with clear definitions and exclusions. Also require parts traceability, repair documentation, and escalation timelines.
Methodology
Research approach and analytical framework
Used company investor materials, official press rooms, and technical conference programs when available. Private firm scoring relied on observable signals such as facilities, stated capacity, and documented contracts. Indicators were kept within oil and gas ESP activity and related services. When a single metric was missing, triangulation used multiple operational signals rather than global averages.
ESP buyers need nearby field crews, test benches, and spare motors for quick turnarounds on failures.
Lift engineers default to known ESP families when failure risk is high and approval cycles are slow.
Install base and new awards signal which ESP platforms are becoming standard across major basins.
Repair, assembly, and cable capability determine turnaround time, not just sales coverage.
Post 2023 designs for gas, solids, and high temperature directly cut interventions and power use.
Sustained support for inventory, service hubs, and warranty exposure depends on scoped cash generation.
