June 22, 2024

Submersible Pumps Market Size Set to Surpass $19.40 Billion by 2032

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.

Submersible Pumps Market Size 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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