Submersible Pumps Market Report 2026

The submersible pumps market size has grown strongly in recent years. It will grow from $14.43 billion in 2025 to $15.34 billion in 2026 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to growth in groundwater extraction, expansion of wastewater treatment facilities, increasing construction activities, rising mining operations, demand for efficient drainage solutions.

The submersible pumps market size is expected to see strong growth in the next few years. It will grow to $19.69 billion in 2030 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to water scarcity management initiatives, infrastructure development projects, growth in municipal sewage networks, increasing industrial fluid handling needs, adoption of advanced pumping technologies. Major trends in the forecast period include rising adoption of energy efficient submersible pumps, growing demand for high head and deep well pumps, increased use of corrosion resistant materials, expansion of compact and portable pump designs, focus on reliability in harsh operating conditions.

The growth of the submersible pumps market is expected to be driven by increasing agricultural activities in the coming years. Agriculture encompasses the cultivation of crops and the rearing of animals for food, fiber, and other essential products. It includes farming, livestock, forestry, and fishing, and plays a vital role in the global economy. The rise in agricultural activities is driven by growing global food demand, technological advancements, and the expansion of arable land. Submersible pumps are employed in agriculture to efficiently draw water from wells, rivers, or reservoirs for irrigation and crop management. For example, according to the United States Department of Agriculture, U.S. agricultural exports increased by $1.8 billion in 2024, representing a 1% growth compared to 2023. Consequently, the expansion of agricultural activities is fueling the submersible pumps market.

Leading companies in the submersible pumps market are concentrating on developing technologically advanced and energy-efficient solutions to improve pumping performance, reliability, and operational lifespan in industrial and municipal applications. Energy-efficient solutions involve pump designs and technologies that minimize electricity usage while maintaining optimal performance. For instance, in July 2025, KBL, an India-based pump manufacturer, introduced a new submersible pump for high-efficiency water and wastewater management. The pump incorporates enhanced hydraulic design, corrosion-resistant materials, and optimized motor performance to lower energy consumption and maintenance costs. Equipped with smart monitoring features, the pump allows real-time performance tracking, predictive maintenance, and extended service life, meeting the growing industrial demand for reliable and sustainable fluid handling solutions.

In August 2025, AxFlow, a Sweden-based industrial fluid handling solutions provider, acquired Advanced Pump Technologies Pty Ltd for an undisclosed sum. Through this acquisition, AxFlow aims to broaden its pump technology portfolio, strengthen its market presence in Australia, improve service capabilities, and support long-term growth. Advanced Pump Technologies Pty Ltd, based in Australia, specializes in the design, supply, and maintenance of advanced pumping solutions.

Major companies operating in the submersible pumps market are Atlas Copco, Andritz AG, NOV Inc., Flowserve Corporation, Xylem Inc., Ebara Corporation, Grundfos Holding A/S, Sulzer Ltd., ITT Inc., KSB SE & Co. KGaA, Wacker Neuson, Wilo SE, Franklin Electric Co. Inc., Gorman-Rupp Company, Ruhrpumpen Inc., Zoeller Company, SPP Pumps Ltd., Calpeda S.p.A, DAB Pumps SpA, Tsurumi Manufacturing Co. Ltd., SAER Elettropompe S.p.A, HCP Pump Manufacturer Co. Ltd.

Asia-Pacific was the largest region in the submersible pumps market in 2025. The regions covered in the submersible pumps market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the submersible pumps market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The submersible pumps market consists of sales of sewage pumps, drainage pumps, well pumps, clean water pumps, utility pumps, and trash submersible pumps. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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