The global market for Submersible Pumps was valued at USD 12.4 Billion in 2024 and is projected to reach USD 13.6 Billion by 2030, growing at a CAGR of 1.6% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Global Submersible Pumps Market - Key Trends and Drivers Summarized
Why Are Submersible Pumps Essential in Industrial and Agricultural Applications?
Submersible pumps are indispensable in various sectors, including agriculture, water management, and oil and gas industries, due to their ability to operate underwater without mechanical damage. These pumps are primarily used for dewatering, sewage handling, drainage, and groundwater extraction. In the agriculture sector, submersible pumps are critical for irrigation, helping to efficiently transfer water from underground sources to fields. In industries like mining and construction, these pumps help in draining water from deep pits and basements. The need for reliable, durable, and energy-efficient water management solutions is driving the adoption of submersible pumps across these sectors.How Are Technological Advancements Shaping the Submersible Pumps Market?
Technological innovations are making submersible pumps more energy-efficient and easier to maintain. The development of corrosion-resistant materials is enhancing the durability of these pumps in harsh environments, such as those encountered in mining or oil extraction operations. Additionally, smart monitoring systems, powered by IoT (Internet of Things), are becoming increasingly integrated into submersible pumps, allowing operators to track performance and detect malfunctions in real time. Solar-powered submersible pumps are gaining popularity, especially in regions with limited access to reliable electricity, offering a more sustainable solution for water management. The combination of improved energy efficiency, automation, and sustainability is shaping the future of this market.Which Segments Are Leading the Demand for Submersible Pumps?
Product types include borewell submersible pumps, openwell submersible pumps, and non-clog submersible pumps, with borewell submersible pumps being the most widely used due to their efficiency in deep-water applications. Key application areas include agriculture, water and wastewater treatment, construction, and oil and gas, with agriculture accounting for the largest market share due to the critical need for irrigation systems. End-users include farmers, municipal water management authorities, and industrial sectors such as mining and oil extraction. Asia-Pacific leads the market in terms of demand, driven by the region's agriculture-dependent economies and rapid infrastructure development.What Is Driving the Growth of the Submersible Pump Market?
The growth in the submersible pump market is driven by several factors, including increasing demand for efficient water management solutions, technological advancements in energy-efficient and durable pumps, and the growing need for reliable irrigation systems in agriculture. The rise of infrastructure projects, particularly in emerging markets, is pushing the demand for submersible pumps in the construction and wastewater management sectors. The adoption of solar-powered submersible pumps in off-grid regions is contributing to market expansion, while smart monitoring systems are improving operational efficiency and reducing downtime. Additionally, stricter environmental regulations and the focus on sustainability are creating opportunities for the development of eco-friendly submersible pump solutions.Report Scope
The report analyzes the Submersible Pumps market, presented in terms of market value (USD Thousand). The analysis covers the key segments and geographic regions outlined below.Segments
Type (Bore-Well, Open-Well); Application (Industrial, Agricultural, Domestic); End-Use (Water & Wastewater, Mining & Construction, Energy & Power, Other End-Uses).Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Bore-Well Pumps segment, which is expected to reach $10 Billion by 2030 with a CAGR of a 2.1%. The Open-Well Pumps segment is also set to grow at 0.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $3.3 Billion in 2024, and China, forecasted to grow at an impressive 3.7% CAGR to reach $2.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in USD from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Atlas Copco Group AB, EBARA Corporation, Flowserve Corporation, General Electric Company, Halliburton and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Submersible Pumps Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Submersible Pumps Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Submersible Pumps Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 27 major companies featured in this Submersible Pumps market report include:
- Atlas Copco Group AB
- EBARA Corporation
- Flowserve Corporation
- General Electric Company
- Halliburton
- Itt Goulds Pumps
- Sulzer Ltd.
- The Gorman-Rupp Company
- Toyo Denki Industrial Co., Ltd.
- Tsurumi Manufacturing Co., Ltd.
- Walrus Pump Co., Ltd.
- WILO SE
- Xylem, Inc.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Atlas Copco Group AB
- EBARA Corporation
- Flowserve Corporation
- General Electric Company
- Halliburton
- Itt Goulds Pumps
- Sulzer Ltd.
- The Gorman-Rupp Company
- Toyo Denki Industrial Co., Ltd.
- Tsurumi Manufacturing Co., Ltd.
- Walrus Pump Co., Ltd.
- WILO SE
- Xylem, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 237 |
| Published | March 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 12.4 Billion |
| Forecasted Market Value ( USD | $ 13.6 Billion |
| Compound Annual Growth Rate | 1.6% |
| Regions Covered | Global |
