Electrical Submersible Pump ESP

Electrical Submersible Pump ESP Market Outlook

The global Electrical Submersible Pump (ESP) market is poised to reach approximately USD 14.1 billion by 2035, expanding at a compound annual growth rate (CAGR) of around 5.8% from 2025 to 2035. The increasing demand for efficient and reliable pumping solutions across various industries such as oil and gas, agriculture, and wastewater management is a pivotal growth factor for the market. Furthermore, advancements in technology, such as the development of high-temperature and high-efficiency pumps, have led to enhanced performance and reliability in challenging environments, thereby driving market growth. Additionally, the rising energy costs and the need to improve operational efficiency are prompting industries to adopt ESP solutions. The global shift towards sustainable practices and the need for enhanced water resource management are also contributing to the increased adoption of electrical submersible pumps.

Growth Factor of the Market

The primary growth factor influencing the Electrical Submersible Pump market is the escalating oil and gas production worldwide. As many countries strive to meet their energy needs, the demand for efficient extraction technologies, such as ESP systems, continues to rise. Moreover, the global focus on environmental sustainability has prompted industries to invest in technologies that minimize energy consumption and reduce carbon footprints, making ESPs a favorable choice due to their energy-efficient operations. Additionally, the growing population and urbanization lead to increased water demand, further driving the need for ESPs in municipal water supply and wastewater applications. Technological advancements, such as the integration of smart solutions that monitor pump performance in real time, also enhance operational efficiency and reduce downtime, making ESPs increasingly attractive. Lastly, the expansion of the agricultural sector, particularly in regions that rely heavily on irrigation, further propels the growth of the ESP market.

Key Highlights of the Market

• The global ESP market is projected to reach USD 14.1 billion by 2035.
• North America is currently the leading region in ESP adoption, driven by the oil and gas sector.
• Technological advancements in pump efficiency are boosting market growth.
• The agricultural sector is emerging as a significant consumer of ESP solutions.
• Increasing environmental regulations are prompting industries to upgrade to more efficient pumping systems.

By Product Type

Conventional ESP:

Conventional Electrical Submersible Pumps (ESPs) are widely used in various applications due to their versatility and efficiency. These pumps are designed to operate in standard conditions and are commonly utilized in both onshore and offshore oil extraction processes. Their design allows them to handle a wide range of fluid types, including those with higher viscosities, making them suitable for many industries. The reliability of conventional ESPs, combined with their relatively lower initial investment compared to specialized models, contributes to their continued dominance in the market. Furthermore, as the oil and gas industry seeks to optimize production while managing operational costs, conventional ESPs often serve as the first choice for new installations, especially in mature fields. As a result, the market for conventional ESPs remains robust, supported by ongoing maintenance and replacement needs of existing installations.

High Temperature ESP:

High Temperature Electrical Submersible Pumps are specifically engineered to operate efficiently in extreme thermal environments, making them indispensable in high-temperature oil and gas production settings. These pumps are designed with advanced materials that can withstand the stresses of elevated temperatures while maintaining pump performance and durability. The rising exploration activities in deep reservoirs, often characterized by high thermal conditions, have significantly boosted the demand for high-temperature ESP solutions. Industries are increasingly adopting these pumps to enhance production rates in challenging environments, which drives technological innovations focused on improving their reliability and operational lifespan. As a result, high-temperature ESPs are witnessing a growing market share, contributing significantly to the overall growth of the ESP sector.

High Head ESP:

High Head Electrical Submersible Pumps are essential for applications requiring significant lift or pressure, particularly in deep well extraction scenarios. These pumps are engineered to deliver high operational efficiency while maintaining the ability to transport fluids over long distances or high elevations. The demand for high head ESPs has surged, particularly in regions with deep oil and gas reserves where conventional pumps may fail to deliver the required pressure. As extraction depths continue to increase, industries are investing in high head ESP technologies to maximize production capabilities. Furthermore, the development of advanced motor and impeller designs further enhances the performance of high head ESPs, making them a preferred choice for operators looking to improve their extraction efficiency in challenging well conditions.

Low Flow ESP:

Low Flow Electrical Submersible Pumps are specially designed to operate efficiently in scenarios where fluid production rates are minimal. These pumps cater to niche applications in water management, agriculture, and specific oil extraction situations where conventional pumps may not be feasible. The ability of low flow ESPs to function effectively with low fluid rates is a significant advantage, enabling industries to optimize resource usage without sacrificing efficiency. This market segment is gaining traction due to increasing awareness about water conservation and the need for efficient water management solutions. As industries prioritize sustainable practices, low flow ESPs are expected to play an increasingly critical role in meeting both environmental and operational goals.

Offshore ESP:

Offshore Electrical Submersible Pumps are specifically tailored to meet the unique challenges posed by marine environments, making them crucial for offshore oil and gas extraction operations. These pumps are designed to withstand harsh conditions, including high pressures and corrosive seawater, and are equipped with specialized protective features to ensure reliability over extended periods. The growing trend of offshore exploration and production, particularly in deep-water fields, has escalated the demand for offshore ESPs. With companies increasingly investing in offshore projects to tap into untapped resources, this segment is expected to experience significant growth. Additionally, advancements in technology aimed at improving the operational efficiency and lifespan of offshore ESPs will further bolster their market presence.

By Application

Onshore ESP:

Onshore applications of Electrical Submersible Pumps are pivotal for extracting hydrocarbons from land-based reservoirs, and they are extensively utilized in the oil and gas industry. These pumps are favored for their reliability and efficiency, making them a staple in many production operations. The use of onshore ESPs is particularly prevalent in regions where traditional pumping solutions may fall short due to varying fluid properties or challenging geological conditions. The increasing need for improved production rates amidst fluctuating oil prices has further accelerated the adoption of onshore ESP solutions. As production fields mature and require more sophisticated extraction methods, the demand for onshore ESPs is expected to grow, offering enhanced operational potential and reduced downtime for production facilities.

Offshore ESP:

Offshore applications of Electrical Submersible Pumps are critical in enhancing oil and gas extraction from beneath the ocean floor. With the growing trend of deep-water exploration and production, offshore ESPs are engineered to function efficiently in severe marine environments characterized by high pressures and corrosive elements. The increasing complexity of offshore drilling operations necessitates the use of advanced pump technologies that can deliver high efficiency and reliability. As oil companies seek to maximize production from existing offshore assets while minimizing operational costs, the demand for offshore ESPs is set to rise significantly. Moreover, advancements in technology, including the integration of digital monitoring systems, are further enhancing the operational effectiveness of offshore ESPs, solidifying their role in future offshore oil and gas projects.

By Industry

Oil & Gas:

The oil and gas industry remains the largest consumer of Electrical Submersible Pumps, as these systems are integral to the extraction and production processes in both onshore and offshore fields. ESPs provide reliable and efficient lifting solutions, which are crucial for maintaining optimal production rates in varying geological conditions. As oil exploration continues to expand into deeper and more challenging environments, the demand for advanced ESP technologies is increasing. The industry's focus on optimizing production while managing costs is driving the adoption of ESPs, which offer enhanced performance and reduced energy consumption. Additionally, the need for efficient and sustainable practices is pushing operators to upgrade to modern ESP systems capable of delivering higher efficiency levels.

Water & Wastewater:

The water and wastewater management sector plays a significant role in the ESP market, utilizing these pumps for various applications, including municipal water supply and treatment facilities. ESPs are preferred in this industry due to their ability to handle a wide range of fluid characteristics and operational pressures. As urban populations grow and the demand for clean water rises, municipalities are increasingly investing in efficient pumping solutions to ensure sustainable water supply and wastewater management. Furthermore, regulations aimed at enhancing environmental protection are driving the need for efficient and eco-friendly pumping technologies. This trend is expected to foster growth in the water and wastewater segment of the ESP market, as operators seek to improve efficiency and reduce operational costs.

Agriculture:

In the agriculture sector, Electrical Submersible Pumps are essential for irrigation and water management, supporting crop production in regions reliant on efficient water usage. The rising global demand for food, coupled with increasing water scarcity, has prompted farmers to adopt modern irrigation techniques, including ESP systems, to optimize water resource utilization. These pumps offer precise control over water distribution, allowing for efficient irrigation practices that enhance crop yield while conserving water. As agricultural practices continue to evolve towards sustainability, the demand for ESPs in irrigation applications is expected to grow. Moreover, government initiatives promoting efficient water usage in farming practices further drive the adoption of ESP technologies in agriculture.

Mining:

The mining industry utilizes Electrical Submersible Pumps for dewatering applications, ensuring safe and efficient extraction processes. ESPs are critical in maintaining optimal operational conditions by removing excess water from mine sites, which can hinder productivity and pose safety risks. The growing global demand for minerals and metals drives increased mining activities, thereby boosting the demand for reliable pumping solutions. Additionally, advancements in pump technology aimed at enhancing operational efficiency and durability in harsh mining environments contribute to the growth of the ESP market. As mining operations expand deeper underground and seek to improve productivity, the reliance on ESP systems is expected to increase, fostering growth in this segment.

Construction:

In the construction industry, Electrical Submersible Pumps are employed for various applications, including groundwater control, dewatering, and site preparation. These pumps are crucial for maintaining dry working conditions in construction sites, thereby preventing delays and ensuring safety. The rising global construction activities, driven by urbanization and infrastructure development projects, are expected to create significant demand for ESP solutions. Additionally, the need for efficient and effective water management practices in construction projects is prompting contractors to invest in advanced pump technologies. As the construction industry continues to expand, the role of ESPs in facilitating efficient operations and enhancing project timelines will further solidify their importance in this sector.

By Well Type

Vertical ESP:

Vertical Electrical Submersible Pumps are extensively used in various applications, particularly in oil and gas extraction where the well depth is significant. These pumps are designed to operate effectively in vertical wells, providing a reliable lifting solution for achieving optimal production rates. Their straightforward design and installation process make them a popular choice among operators, especially in conventional oil fields. The increasing trend towards deeper drilling and exploration of untapped reserves has resulted in a growing demand for vertical ESPs. Furthermore, their ability to handle diverse fluid types and varying production conditions enhances their usability across different sectors, solidifying their position in the ESP market.

Horizontal ESP:

Horizontal Electrical Submersible Pumps are specifically engineered for applications where horizontal wells are prevalent, offering significant advantages in terms of space utilization and adaptability. These pumps are ideal for extracting fluids from formations where vertical installations may not be feasible or efficient. The growing trend of horizontal drilling in the oil and gas industry, particularly in shale formations, has increased the demand for horizontal ESP technologies. Additionally, these pumps can effectively manage varying flow rates and fluid characteristics, making them a versatile solution for operators. As the industry continues to innovate and explore new drilling techniques, the adoption of horizontal ESP systems is expected to rise, further driving market growth.

Directional ESP:

Directional Electrical Submersible Pumps are utilized in complex wellbore configurations, allowing for efficient extraction from multi-directional wells. These pumps are engineered to operate in environments where traditional installation methods may not suffice, making them essential for maximizing production from unconventional resources. The increasing complexity of oil and gas reservoirs, coupled with advancements in drilling technologies, has led to a growing demand for directional ESPs. These systems offer enhanced operational flexibility and can be tailored to meet specific production requirements in challenging well configurations. As the oil and gas industry continues to embrace innovative drilling techniques, the relevance of directional ESPs is expected to increase significantly.

Multilateral ESP:

Multilateral Electrical Submersible Pumps are designed for wells with multiple branches, enabling effective extraction from multiple reservoirs through a single wellbore. This technology is particularly beneficial in maximizing production efficiency and reducing drilling costs in complex reservoirs. The increasing adoption of multilateral drilling techniques in the oil and gas industry is driving the demand for multilateral ESP systems, as operators seek to optimize resource recovery in a cost-effective manner. Furthermore, the capability of multilateral ESPs to manage diverse flow rates and fluid compositions enhances their utility in various applications. As the market continues to evolve, the role of multilateral ESPs in facilitating efficient extraction will become increasingly significant.

By Region

The North American region currently dominates the Electrical Submersible Pump market, accounting for a substantial share of the overall market revenue. The robust oil and gas sector, particularly in countries like the United States and Canada, drives the demand for ESP solutions. The increased exploration and production activities in unconventional resources, such as shale oil and gas, have significantly bolstered the adoption of ESP technologies. Moreover, the region's focus on technological advancements and operational efficiency further enhances the market's growth potential. The North American ESP market is projected to grow at a CAGR of approximately 6.1% through the forecast period, supported by continuous investments in energy infrastructure and advancements in pumping technologies.

Europe is also witnessing substantial growth in the ESP market, driven primarily by the increasing demand for efficient water management solutions and oil production. The region's focus on sustainability and environmental regulations is prompting industries to adopt advanced pumping technologies that minimize energy consumption while maximizing operational efficiency. Moreover, the ongoing investment in upgrading aging infrastructure, particularly in the water and wastewater sectors, is contributing to the growth of ESP solutions. The Asia Pacific region, on the other hand, is expected to experience the highest growth rate during the forecast period, owing to rapid industrialization and urbanization. Countries such as China and India are significantly increasing their investments in infrastructure development and energy production, thereby driving the demand for ESP technologies.

Opportunities

The Electrical Submersible Pump market presents numerous opportunities for growth, particularly in emerging markets where industrialization and urbanization are accelerating. As countries in Asia-Pacific and Latin America continue to develop their energy sectors and infrastructure, there is a growing demand for efficient pumping solutions. This presents a lucrative opportunity for manufacturers and service providers to expand their operations and introduce innovative products tailored to regional needs. Moreover, the push towards cleaner and more sustainable energy practices is encouraging industries to upgrade to modern ESP technologies that offer enhanced energy efficiency and reduced environmental impact. Companies that can effectively leverage these trends through strategic partnerships and localized solutions will likely capture significant market share in these regions.

Additionally, technological advancements in ESP design and materials are creating new opportunities for market players. Innovations such as smart sensors and IoT integration are poised to enhance pump performance by enabling real-time monitoring and predictive maintenance. This not only minimizes downtime and operational costs but also maximizes productivity. Furthermore, the increasing focus on sustainability and resource conservation across various industries is driving the need for advanced pumping solutions that can effectively manage water usage and energy consumption. Companies that invest in research and development to create cutting-edge ESP technologies will be well-positioned to capitalize on this growing demand, thereby enhancing their competitive advantage in the market.

Threats

Despite the favorable growth prospects, the Electrical Submersible Pump market also faces several threats that could hinder its expansion. One of the primary concerns is the volatile nature of oil and gas prices, which can significantly impact investment decisions in the energy sector. Fluctuations in prices may lead operators to delay or scale down projects, subsequently affecting the demand for ESP solutions. Additionally, increasing competition from alternative pumping technologies, such as progressive cavity pumps and diaphragm pumps, poses a challenge to market players. As these alternatives often offer distinct advantages in specific applications, companies must continuously innovate and improve their offerings to retain market share.

Furthermore, regulatory challenges and compliance issues in various regions may also restrain market growth. The energy sector is subject to stringent regulations regarding environmental protection and operational safety, requiring manufacturers to invest heavily in compliance measures. Failure to meet these regulatory standards can result in penalties and reputational damage, deterring potential customers. Additionally, geopolitical tensions and trade restrictions may affect supply chains and market dynamics, leading to uncertainties that could impact the ESP market's growth potential. Companies operating in this space must navigate these complex challenges while striving to innovate and meet customer demands effectively.

Competitor Outlook

• Schlumberger Limited
• Halliburton Company
• Weatherford International
• GE Oil & Gas
• National Oilwell Varco
• Novomet
• ABB Ltd.
• Flowserve Corporation
• Franklin Electric Co., Inc.
• Hollysys Automation Technologies Ltd.
• SPX FLOW, Inc.
• Weir Group
• Red Eagle Drilling, Inc.
• Peroni Pumping Systems
• KSB SE & Co. KGaA

The competitive landscape of the Electrical Submersible Pump market is characterized by a diverse range of players, each striving to differentiate themselves through technology, service offerings, and market reach. Major companies such as Schlumberger and Halliburton stand out due to their extensive experience in the oil and gas industry and their commitment to innovation. These companies invest significantly in research and development to create advanced ESP solutions that meet the ever-evolving demands of their customers. As a result, they have established a strong presence in the market, making them formidable competitors for emerging players.

Another notable player, Weatherford International, has gained traction in the market by emphasizing its comprehensive service offerings and robust customer relationships. The company's focus on enhancing operational efficiency through technological advancements has enabled it to capture significant market share in various segments of the ESP market. In parallel, companies like National Oilwell Varco and GE Oil & Gas leverage their extensive networks and expertise in product development to deliver innovative ESP solutions tailored to diverse applications. Their ability to adapt to changing market conditions and customer preferences positions them favorably in the competitive landscape.

Furthermore, regional players such as Novomet and Franklin Electric Co., Inc. have successfully carved out niches by focusing on specific applications and regional needs. These companies often emphasize customer service and localized solutions, allowing them to build strong relationships with clients in their respective markets. By addressing specific challenges and providing customized solutions, they can effectively compete against larger players. Overall, the competitive landscape in the Electrical Submersible Pump market is dynamic, with both global and regional players continuously innovating to meet the demands of an evolving industry.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Novomet
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 ABB Ltd.
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Weir Group
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 GE Oil & Gas
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 SPX FLOW, Inc.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 KSB SE & Co. KGaA
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Halliburton Company
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Schlumberger Limited
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Flowserve Corporation
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 National Oilwell Varco
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Peroni Pumping Systems
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Red Eagle Drilling, Inc.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Weatherford International
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Franklin Electric Co., Inc.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Hollysys Automation Technologies Ltd.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Electrical Submersible Pump ESP Market, By Industry
    • 6.1.1 Oil & Gas
    • 6.1.2 Water & Wastewater
    • 6.1.3 Agriculture
    • 6.1.4 Mining
    • 6.1.5 Construction
  • 6.2 Electrical Submersible Pump ESP Market, By Well Type
    • 6.2.1 Vertical ESP
    • 6.2.2 Horizontal ESP
    • 6.2.3 Directional ESP
    • 6.2.4 Multilateral ESP
  • 6.3 Electrical Submersible Pump ESP Market, By Application
    • 6.3.1 Onshore ESP
    • 6.3.2 Offshore ESP
  • 6.4 Electrical Submersible Pump ESP Market, By Product Type
    • 6.4.1 Conventional ESP
    • 6.4.2 High Temperature ESP
    • 6.4.3 High Head ESP
    • 6.4.4 Low Flow ESP
    • 6.4.5 Offshore ESP

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Electrical Submersible Pump ESP Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Electrical Submersible Pump ESP market is categorized based on

By Product Type

• Conventional ESP
• High Temperature ESP
• High Head ESP
• Low Flow ESP
• Offshore ESP

By Application

• Onshore ESP
• Offshore ESP

By Industry

• Oil & Gas
• Water & Wastewater
• Agriculture
• Mining
• Construction

By Well Type

• Vertical ESP
• Horizontal ESP
• Directional ESP
• Multilateral ESP

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Schlumberger Limited
• Halliburton Company
• Weatherford International
• GE Oil & Gas
• National Oilwell Varco
• Novomet
• ABB Ltd.
• Flowserve Corporation
• Franklin Electric Co., Inc.
• Hollysys Automation Technologies Ltd.
• SPX FLOW, Inc.
• Weir Group
• Red Eagle Drilling, Inc.
• Peroni Pumping Systems
• KSB SE & Co. KGaA