Product Code: ETC13317414 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Submersible Pump Market was valued at USD 12 Billion in 2024 and is expected to reach USD 17.52 Billion by 2031, growing at a compound annual growth rate of 4.80% during the forecast period (2025-2031).
The Global Submersible Pump Market is witnessing steady growth driven by increasing demand from various end-use industries such as agriculture, water and wastewater management, oil and gas, and mining. Factors contributing to market growth include the rising need for efficient water management solutions, expanding agricultural activities, and increasing industrialization in emerging economies. Technological advancements in submersible pump design, such as improved energy efficiency and remote monitoring capabilities, are also fueling market expansion. Furthermore, the growing focus on sustainable water utilization and the adoption of submersible pumps for groundwater extraction and dewatering applications are expected to drive market growth in the coming years. Key players in the global submersible pump market include Xylem Inc., Grundfos, Sulzer Ltd., and Franklin Electric.
The Global Submersible Pump Market is experiencing significant growth driven by the increasing demand for efficient water and wastewater management solutions across various industries such as agriculture, oil & gas, and mining. The market is witnessing a shift towards the adoption of advanced submersible pump technologies that offer higher energy efficiency, improved durability, and enhanced performance. Additionally, the rising focus on sustainable water management practices and the expansion of infrastructure projects in developing economies present lucrative opportunities for market players. The integration of Internet of Things (IoT) and smart technologies in submersible pumps is also expected to drive market growth by enabling real-time monitoring and remote control capabilities. Overall, the market is poised for expansion with a strong emphasis on innovation and sustainability.
The Global Submersible Pump Market faces several challenges including intense competition among key players, fluctuating raw material prices, and stringent government regulations related to environmental concerns and energy efficiency. Market players are constantly striving to innovate and develop technologically advanced products to stay competitive. Additionally, the high initial investment required for submersible pump installations can act as a barrier for small and medium-sized enterprises looking to enter the market. Furthermore, issues related to the maintenance and servicing of submersible pumps, particularly in remote or offshore locations, pose logistical challenges for companies operating in the market. Overall, navigating these challenges requires a strategic approach focused on product development, cost management, compliance with regulations, and efficient service offerings.
The Global Submersible Pump Market is primarily driven by factors such as increasing demand for efficient water and wastewater management solutions, growing adoption of submersible pumps in various industries including agriculture, oil & gas, and mining for dewatering applications, and rapid urbanization leading to the need for reliable and cost-effective pumping solutions. Additionally, the rising focus on renewable energy sources and the development of advanced submersible pump technologies with improved efficiency and performance are fueling market growth. The expansion of the construction sector, particularly in emerging economies, and the increasing investments in infrastructure development projects are further driving the demand for submersible pumps globally. Furthermore, stringent government regulations regarding water conservation and environmental protection are also influencing the market positively.
Government policies related to the Global Submersible Pump Market vary by country but generally focus on ensuring product safety, environmental regulations, and energy efficiency standards. In many regions, governments have implemented regulations to promote the use of submersible pumps that are energy efficient and environmentally friendly. Additionally, some countries have imposed import tariffs or trade restrictions on submersible pumps to protect domestic manufacturers. Other policies may include incentives or subsidies for the adoption of submersible pumps in sectors such as agriculture, mining, and wastewater management. Overall, government policies play a significant role in shaping the market dynamics of the Global Submersible Pump Market by influencing product standards, trade practices, and industry growth.
The Global Submersible Pump Market is expected to witness steady growth in the coming years, driven by increasing demand from various industries such as agriculture, water and wastewater, mining, and oil & gas. Factors such as population growth, urbanization, and industrialization in developing countries, coupled with the need for efficient water management systems, are likely to fuel the market`s expansion. Additionally, advancements in technology, such as the development of smart submersible pumps with improved efficiency and remote monitoring capabilities, are anticipated to further boost market growth. However, challenges such as fluctuating raw material prices and environmental concerns regarding groundwater depletion could hinder the market`s progression. Overall, the Global Submersible Pump Market is poised for steady growth in the foreseeable future, driven by increasing industrialization and the need for effective water management solutions.
In the global submersible pump market, Asia Pacific is expected to witness significant growth due to rapid industrialization and increasing agricultural activities in countries like China and India. North America is projected to experience steady growth driven by the expansion of the oil and gas sector. Europe is likely to see moderate growth owing to the presence of established industries and focus on energy-efficient solutions. The Middle East and Africa region are anticipated to show a rise in demand for submersible pumps due to growing water and wastewater treatment projects. Latin America is expected to exhibit promising growth due to investments in the mining and construction sectors. Overall, the global submersible pump market is poised for growth across all regions with varying levels of opportunities and challenges.
Global Submersible Pump Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Submersible Pump Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Submersible Pump Market Revenues & Volume, 2021 & 2031F |
3.3 Global Submersible Pump Market - Industry Life Cycle |
3.4 Global Submersible Pump Market - Porter's Five Forces |
3.5 Global Submersible Pump Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Submersible Pump Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Submersible Pump Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Submersible Pump Market Revenues & Volume Share, By Operation, 2021 & 2031F |
3.9 Global Submersible Pump Market Revenues & Volume Share, By Power Rating, 2021 & 2031F |
3.10 Global Submersible Pump Market Revenues & Volume Share, By Sector, 2021 & 2031F |
4 Global Submersible Pump Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Submersible Pump Market Trends |
6 Global Submersible Pump Market, 2021 - 2031 |
6.1 Global Submersible Pump Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Submersible Pump Market, Revenues & Volume, By Electrical, 2021 - 2031 |
6.1.3 Global Submersible Pump Market, Revenues & Volume, By Hydraulic, 2021 - 2031 |
6.1.4 Global Submersible Pump Market, Revenues & Volume, By Air-driven, 2021 - 2031 |
6.2 Global Submersible Pump Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Submersible Pump Market, Revenues & Volume, By Open Pit, 2021 - 2031 |
6.2.3 Global Submersible Pump Market, Revenues & Volume, By Borewell, 2021 - 2031 |
6.3 Global Submersible Pump Market, Revenues & Volume, By Operation, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Submersible Pump Market, Revenues & Volume, By Single-stage , 2021 - 2031 |
6.3.3 Global Submersible Pump Market, Revenues & Volume, By Multi-stage, 2021 - 2031 |
6.4 Global Submersible Pump Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Submersible Pump Market, Revenues & Volume, By Below 1 HP, 2021 - 2031 |
6.4.3 Global Submersible Pump Market, Revenues & Volume, By 1“5 HP, 2021 - 2031 |
6.4.4 Global Submersible Pump Market, Revenues & Volume, By 5“15 HP, 2021 - 2031 |
6.4.5 Global Submersible Pump Market, Revenues & Volume, By Above 15 HP, 2021 - 2031 |
6.5 Global Submersible Pump Market, Revenues & Volume, By Sector, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Submersible Pump Market, Revenues & Volume, By Industrial, 2021 - 2031 |
6.5.3 Global Submersible Pump Market, Revenues & Volume, By Agricultural, 2021 - 2031 |
6.5.4 Global Submersible Pump Market, Revenues & Volume, By Domestic, 2021 - 2031 |
7 North America Submersible Pump Market, Overview & Analysis |
7.1 North America Submersible Pump Market Revenues & Volume, 2021 - 2031 |
7.2 North America Submersible Pump Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Submersible Pump Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Submersible Pump Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Submersible Pump Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Submersible Pump Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Submersible Pump Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Submersible Pump Market, Revenues & Volume, By Operation, 2021 - 2031 |
7.6 North America Submersible Pump Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
7.7 North America Submersible Pump Market, Revenues & Volume, By Sector, 2021 - 2031 |
8 Latin America (LATAM) Submersible Pump Market, Overview & Analysis |
8.1 Latin America (LATAM) Submersible Pump Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Submersible Pump Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Submersible Pump Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Submersible Pump Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Submersible Pump Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Submersible Pump Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Submersible Pump Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Submersible Pump Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Submersible Pump Market, Revenues & Volume, By Operation, 2021 - 2031 |
8.6 Latin America (LATAM) Submersible Pump Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
8.7 Latin America (LATAM) Submersible Pump Market, Revenues & Volume, By Sector, 2021 - 2031 |
9 Asia Submersible Pump Market, Overview & Analysis |
9.1 Asia Submersible Pump Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Submersible Pump Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Submersible Pump Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Submersible Pump Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Submersible Pump Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Submersible Pump Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Submersible Pump Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Submersible Pump Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Submersible Pump Market, Revenues & Volume, By Operation, 2021 - 2031 |
9.6 Asia Submersible Pump Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
9.7 Asia Submersible Pump Market, Revenues & Volume, By Sector, 2021 - 2031 |
10 Africa Submersible Pump Market, Overview & Analysis |
10.1 Africa Submersible Pump Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Submersible Pump Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Submersible Pump Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Submersible Pump Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Submersible Pump Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Submersible Pump Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Submersible Pump Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Submersible Pump Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Submersible Pump Market, Revenues & Volume, By Operation, 2021 - 2031 |
10.6 Africa Submersible Pump Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
10.7 Africa Submersible Pump Market, Revenues & Volume, By Sector, 2021 - 2031 |
11 Europe Submersible Pump Market, Overview & Analysis |
11.1 Europe Submersible Pump Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Submersible Pump Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Submersible Pump Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Submersible Pump Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Submersible Pump Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Submersible Pump Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Submersible Pump Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Submersible Pump Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Submersible Pump Market, Revenues & Volume, By Operation, 2021 - 2031 |
11.6 Europe Submersible Pump Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
11.7 Europe Submersible Pump Market, Revenues & Volume, By Sector, 2021 - 2031 |
12 Middle East Submersible Pump Market, Overview & Analysis |
12.1 Middle East Submersible Pump Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Submersible Pump Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Submersible Pump Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Submersible Pump Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Submersible Pump Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Submersible Pump Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Submersible Pump Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Submersible Pump Market, Revenues & Volume, By Operation, 2021 - 2031 |
12.6 Middle East Submersible Pump Market, Revenues & Volume, By Power Rating, 2021 - 2031 |
12.7 Middle East Submersible Pump Market, Revenues & Volume, By Sector, 2021 - 2031 |
13 Global Submersible Pump Market Key Performance Indicators |
14 Global Submersible Pump Market - Export/Import By Countries Assessment |
15 Global Submersible Pump Market - Opportunity Assessment |
15.1 Global Submersible Pump Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Submersible Pump Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Submersible Pump Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Submersible Pump Market Opportunity Assessment, By Operation, 2021 & 2031F |
15.5 Global Submersible Pump Market Opportunity Assessment, By Power Rating, 2021 & 2031F |
15.6 Global Submersible Pump Market Opportunity Assessment, By Sector, 2021 & 2031F |
16 Global Submersible Pump Market - Competitive Landscape |
16.1 Global Submersible Pump Market Revenue Share, By Companies, 2024 |
16.2 Global Submersible Pump Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |