The submersible pumps market size was valued at USD 12.61 billion in 2023 and is expected to be worth USD 19.40 billion by 2032, growing at a CAGR of 4.90% from 2023 to 2032.
The Submersible Pumps Market refers to the industry involved in the manufacturing, distribution, and utilization of submersible pumps. These pumps are designed to be submerged in fluids, typically liquids like water or oil, and are widely used in various applications such as water supply, agriculture, mining, and wastewater management.
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Growth Factors:
- Technological Advancements: Ongoing innovations in pump technology, such as the development of more energy-efficient and durable materials, contribute significantly to the market’s growth.
- Rising Water Infrastructure Projects: Increasing investments in water infrastructure projects globally, driven by the need for efficient water supply and wastewater management, boost the demand for submersible pumps.
- Agricultural Expansion: The agriculture sector’s expansion, especially in emerging economies, propels the demand for submersible pumps for irrigation purposes, enhancing agricultural productivity.
- Urbanization and Industrialization: Rapid urbanization and industrial growth lead to higher demand for water pumping solutions, driving the adoption of submersible pumps in urban and industrial settings.
- Focus on Renewable Energy: The growing emphasis on sustainable practices promotes the use of submersible pumps in renewable energy applications such as geothermal and solar-powered water pumping systems.
- Mining and Construction Activities: Increased mining and construction activities globally drive the demand for robust and efficient submersible pumps for dewatering and other critical applications.
- Government Initiatives: Supportive government initiatives and regulations pertaining to water conservation and environmental sustainability further stimulate market growth.
Submersible Pumps Market Scope
| Report Coverage | Details |
| Market Size in 2023 | USD 12.61 Billion |
| Market Size by 2032 | USD 19.40 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 4.90% |
| Largest Market | Asia-Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Product, By Drive, and By End User |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
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By Product
The submersible pumps market encompasses a diverse range of products designed to cater to specific needs. Among these are borewell submersible pumps, sewage submersible pumps, and slurry submersible pumps. Each product type is engineered with unique features to efficiently handle various fluid types, making them indispensable across industries.
By Drive
When it comes to the drive mechanism, submersible pumps can be categorized into electric-driven and hydraulic-driven systems. Electric-driven submersible pumps are widely used for their reliability and ease of operation. On the other hand, hydraulic-driven submersible pumps offer robust performance, particularly in challenging environments, providing a versatile solution for different operational requirements.
By End User
The end-user segmentation of the submersible pumps market reflects the diverse applications of these pumps across industries. Agricultural, residential, industrial, and municipal sectors are key end-users. In agriculture, submersible pumps play a vital role in irrigation, ensuring efficient water supply. The residential sector benefits from these pumps for domestic water supply. Industries leverage submersible pumps for various processes, and municipalities rely on them for effective wastewater management.
Reasons to Purchase this Report:
- Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
- In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
- Market size in USD million and volume in million units provided for each segment and sub-segment.
- Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
- Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.
Submersible Pumps Market Players
- Grundfos
- Xylem Inc.
- Sulzer Ltd.
- KSB SE & Co. KGaA
- Flowserve Corporation
- Franklin Electric Co., Inc.
- Ebara Corporation
- Tsurumi Manufacturing Co., Ltd.
- WILO SE
- Halliburton
- Baker Hughes
- The Gorman-Rupp Company
- Weir Group PLC
- Kirloskar Brothers Limited
- Ruhrpumpen Group
Segments Covered in the Report
By Product
- Borewell
- Openwell
- Non-Clog
By Drive
- Electric
- Hydraulic
- Others
By End User
- Agriculture
- Construction & Building Services
- Water & Wastewater
- Power Generation
- Oil & Gas
- Chemical
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Submersible Pumps Market
5.1. COVID-19 Landscape: Submersible Pumps Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Submersible Pumps Market, By Product
8.1. Submersible Pumps Market Revenue and Volume, by Product, 2023-2032
8.1.1 Borewell
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. Openwell
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
8.1.3. Non-Clog
8.1.3.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Submersible Pumps Market, By Drive
9.1. Submersible Pumps Market Revenue and Volume, by Drive, 2023-2032
9.1.1. Electric
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. Hydraulic
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
9.1.3. Others
9.1.3.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global Submersible Pumps Market, By End User
10.1. Submersible Pumps Market Revenue and Volume, by End User, 2023-2032
10.1.1. Agriculture
10.1.1.1. Market Revenue and Volume Forecast (2020-2032)
10.1.2. Construction & Building Services
10.1.2.1. Market Revenue and Volume Forecast (2020-2032)
10.1.3. Water & Wastewater
10.1.3.1. Market Revenue and Volume Forecast (2020-2032)
10.1.4. Power Generation
10.1.4.1. Market Revenue and Volume Forecast (2020-2032)
10.1.5. Oil & Gas
10.1.5.1. Market Revenue and Volume Forecast (2020-2032)
10.1.6. Chemical
10.1.6.1. Market Revenue and Volume Forecast (2020-2032)
10.1.7. Others
10.1.7.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 11. Global Submersible Pumps Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Volume Forecast, by Product (2020-2032)
11.1.2. Market Revenue and Volume Forecast, by Drive (2020-2032)
11.1.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Volume Forecast, by Product (2020-2032)
11.1.4.2. Market Revenue and Volume Forecast, by Drive (2020-2032)
11.1.4.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Volume Forecast, by Product (2020-2032)
11.1.5.2. Market Revenue and Volume Forecast, by Drive (2020-2032)
11.1.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Volume Forecast, by Product (2020-2032)
11.2.2. Market Revenue and Volume Forecast, by Drive (2020-2032)
11.2.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Volume Forecast, by Product (2020-2032)
11.2.4.2. Market Revenue and Volume Forecast, by Drive (2020-2032)
11.2.4.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Volume Forecast, by Product (2020-2032)
11.2.5.2. Market Revenue and Volume Forecast, by Drive (2020-2032)
11.2.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Volume Forecast, by Product (2020-2032)
11.2.6.2. Market Revenue and Volume Forecast, by Drive (2020-2032)
11.2.6.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Volume Forecast, by Product (2020-2032)
11.2.7.2. Market Revenue and Volume Forecast, by Drive (2020-2032)
11.2.7.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Volume Forecast, by Product (2020-2032)
11.3.2. Market Revenue and Volume Forecast, by Drive (2020-2032)
11.3.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Volume Forecast, by Product (2020-2032)
11.3.4.2. Market Revenue and Volume Forecast, by Drive (2020-2032)
11.3.4.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Volume Forecast, by Product (2020-2032)
11.3.5.2. Market Revenue and Volume Forecast, by Drive (2020-2032)
11.3.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Volume Forecast, by Product (2020-2032)
11.3.6.2. Market Revenue and Volume Forecast, by Drive (2020-2032)
11.3.6.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Volume Forecast, by Product (2020-2032)
11.3.7.2. Market Revenue and Volume Forecast, by Drive (2020-2032)
11.3.7.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Volume Forecast, by Product (2020-2032)
11.4.2. Market Revenue and Volume Forecast, by Drive (2020-2032)
11.4.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Volume Forecast, by Product (2020-2032)
11.4.4.2. Market Revenue and Volume Forecast, by Drive (2020-2032)
11.4.4.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Volume Forecast, by Product (2020-2032)
11.4.5.2. Market Revenue and Volume Forecast, by Drive (2020-2032)
11.4.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Volume Forecast, by Product (2020-2032)
11.4.6.2. Market Revenue and Volume Forecast, by Drive (2020-2032)
11.4.6.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Volume Forecast, by Product (2020-2032)
11.4.7.2. Market Revenue and Volume Forecast, by Drive (2020-2032)
11.4.7.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Volume Forecast, by Product (2020-2032)
11.5.2. Market Revenue and Volume Forecast, by Drive (2020-2032)
11.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Volume Forecast, by Product (2020-2032)
11.5.4.2. Market Revenue and Volume Forecast, by Drive (2020-2032)
11.5.4.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Volume Forecast, by Product (2020-2032)
11.5.5.2. Market Revenue and Volume Forecast, by Drive (2020-2032)
11.5.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
Chapter 12. Company Profiles
12.1. Grundfos
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Xylem Inc.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Sulzer Ltd.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. KSB SE & Co. KGaA
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Flowserve Corporation
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Franklin Electric Co., Inc.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Ebara Corporation
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Tsurumi Manufacturing Co., Ltd.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. WILO SE
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Halliburton
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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