Submersible Pumps Market Size, Share, and Trends 2024 to 2034

The global submersible pumps market size is accounted at USD 13.79 billion in 2025 and is forecasted to hit around USD 21.29 billion by 2034, representing a CAGR of 4.91% from 2025 to 2034. The Asia Pacific market size was estimated at USD 5.54 billion in 2024 and is expanding at a CAGR of 4.94% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 3617
  • Category : Machinery and Equipment

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

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

8.1.1 Borewell

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Openwell

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Non-Clog

8.1.3.1. Market Revenue and Volume Forecast

Chapter 9. Global Submersible Pumps Market, By Drive

9.1. Submersible Pumps Market Revenue and Volume, by Drive

9.1.1. Electric

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Hydraulic

9.1.2.1. Market Revenue and Volume Forecast

9.1.3. Others

9.1.3.1. Market Revenue and Volume Forecast

Chapter 10. Global Submersible Pumps Market, By End User 

10.1. Submersible Pumps Market Revenue and Volume, by End User

10.1.1. Agriculture

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. Construction & Building Services

10.1.2.1. Market Revenue and Volume Forecast

10.1.3. Water & Wastewater

10.1.3.1. Market Revenue and Volume Forecast

10.1.4. Power Generation

10.1.4.1. Market Revenue and Volume Forecast

10.1.5. Oil & Gas

10.1.5.1. Market Revenue and Volume Forecast

10.1.6. Chemical

10.1.6.1. Market Revenue and Volume Forecast

10.1.7. Others

10.1.7.1. Market Revenue and Volume Forecast

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

11.1.2. Market Revenue and Volume Forecast, by Drive

11.1.3. Market Revenue and Volume Forecast, by End User

11.1.4. U.S.

11.1.4.1. Market Revenue and Volume Forecast, by Product

11.1.4.2. Market Revenue and Volume Forecast, by Drive

11.1.4.3. Market Revenue and Volume Forecast, by End User

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Volume Forecast, by Product

11.1.5.2. Market Revenue and Volume Forecast, by Drive

11.1.5.3. Market Revenue and Volume Forecast, by End User

11.2. Europe

11.2.1. Market Revenue and Volume Forecast, by Product

11.2.2. Market Revenue and Volume Forecast, by Drive

11.2.3. Market Revenue and Volume Forecast, by End User

11.2.4. UK

11.2.4.1. Market Revenue and Volume Forecast, by Product

11.2.4.2. Market Revenue and Volume Forecast, by Drive

11.2.4.3. Market Revenue and Volume Forecast, by End User

11.2.5. Germany

11.2.5.1. Market Revenue and Volume Forecast, by Product

11.2.5.2. Market Revenue and Volume Forecast, by Drive

11.2.5.3. Market Revenue and Volume Forecast, by End User

11.2.6. France

11.2.6.1. Market Revenue and Volume Forecast, by Product

11.2.6.2. Market Revenue and Volume Forecast, by Drive

11.2.6.3. Market Revenue and Volume Forecast, by End User

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Volume Forecast, by Product

11.2.7.2. Market Revenue and Volume Forecast, by Drive

11.2.7.3. Market Revenue and Volume Forecast, by End User

11.3. APAC

11.3.1. Market Revenue and Volume Forecast, by Product

11.3.2. Market Revenue and Volume Forecast, by Drive

11.3.3. Market Revenue and Volume Forecast, by End User

11.3.4. India

11.3.4.1. Market Revenue and Volume Forecast, by Product

11.3.4.2. Market Revenue and Volume Forecast, by Drive

11.3.4.3. Market Revenue and Volume Forecast, by End User

11.3.5. China

11.3.5.1. Market Revenue and Volume Forecast, by Product

11.3.5.2. Market Revenue and Volume Forecast, by Drive

11.3.5.3. Market Revenue and Volume Forecast, by End User

11.3.6. Japan

11.3.6.1. Market Revenue and Volume Forecast, by Product

11.3.6.2. Market Revenue and Volume Forecast, by Drive

11.3.6.3. Market Revenue and Volume Forecast, by End User

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Volume Forecast, by Product

11.3.7.2. Market Revenue and Volume Forecast, by Drive

11.3.7.3. Market Revenue and Volume Forecast, by End User

11.4. MEA

11.4.1. Market Revenue and Volume Forecast, by Product

11.4.2. Market Revenue and Volume Forecast, by Drive

11.4.3. Market Revenue and Volume Forecast, by End User

11.4.4. GCC

11.4.4.1. Market Revenue and Volume Forecast, by Product

11.4.4.2. Market Revenue and Volume Forecast, by Drive

11.4.4.3. Market Revenue and Volume Forecast, by End User

11.4.5. North Africa

11.4.5.1. Market Revenue and Volume Forecast, by Product

11.4.5.2. Market Revenue and Volume Forecast, by Drive

11.4.5.3. Market Revenue and Volume Forecast, by End User

11.4.6. South Africa

11.4.6.1. Market Revenue and Volume Forecast, by Product

11.4.6.2. Market Revenue and Volume Forecast, by Drive

11.4.6.3. Market Revenue and Volume Forecast, by End User

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Volume Forecast, by Product

11.4.7.2. Market Revenue and Volume Forecast, by Drive

11.4.7.3. Market Revenue and Volume Forecast, by End User

11.5. Latin America

11.5.1. Market Revenue and Volume Forecast, by Product

11.5.2. Market Revenue and Volume Forecast, by Drive

11.5.3. Market Revenue and Volume Forecast, by End User

11.5.4. Brazil

11.5.4.1. Market Revenue and Volume Forecast, by Product

11.5.4.2. Market Revenue and Volume Forecast, by Drive

11.5.4.3. Market Revenue and Volume Forecast, by End User

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Volume Forecast, by Product

11.5.5.2. Market Revenue and Volume Forecast, by Drive

11.5.5.3. Market Revenue and Volume Forecast, by End User

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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Frequently Asked Questions

The global submersible pumps market size is expected to increase USD 21.29 billion by 2034 from USD 13.18 billion in 2024.

The global submersible pumps market will register growth rate of 4.91% between 2025 and 2034.

The major players operating in the submersible pumps market are 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, and Others.

The driving factors of the submersible pumps market are the expansion of agriculture and growth in the industrial sector.

Asia Pacific region will lead the global submersible pumps market during the forecast period 2025 to 2034.

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