As per Intent Market Research, the Submersible Pumps Market was valued at USD 11.5 Billion in 2024-e and will surpass USD 12.6 Billion by 2030; growing at a CAGR of 1.6% during 2025 - 2030.
The Submersible Pumps market is witnessing steady growth, driven by their widespread application across various industries due to their ability to function efficiently in submerged conditions. These pumps are designed to be fully submerged in the fluid they are pumping, making them ideal for applications that require the pumping of water, oil, and other liquids from deep sources. Their versatility, energy efficiency, and ability to handle various fluids have made them indispensable in sectors like water and wastewater management, oil and gas extraction, and agriculture.
Electric Submersible Pumps Type is Largest Owing to Versatility and Efficiency
In the type segment, electric submersible pumps are the largest subsegment due to their versatility and energy efficiency. These pumps are commonly used in water and wastewater treatment, irrigation systems, and oil extraction processes. They operate by converting electrical energy into mechanical energy to drive the pump impeller, enabling them to move liquids effectively from lower to higher points.
Electric submersible pumps are especially valued for their ability to operate in demanding environments while being cost-effective over long-term use. Their reliability, ease of maintenance, and high performance in both residential and industrial applications make them a preferred choice for end-users in diverse sectors. As industries continue to focus on energy-efficient solutions, the adoption of electric submersible pumps is expected to rise significantly.
Medium Capacity Pumps Segment is Fastest Growing Due to Versatile Applications
Among the capacity subsegment, medium capacity submersible pumps are the fastest growing. These pumps typically handle moderate flow rates and are used in applications such as water and wastewater treatment, irrigation, and even industrial processes. Their ability to strike a balance between power and efficiency has made them increasingly popular in applications requiring medium flow rates.
The growth in medium-capacity pumps is driven by industries such as agriculture and mining, where medium flow rates are often required for operations like irrigation, drainage, and slurry handling. The ability of medium capacity pumps to operate in various industrial settings and handle both clear and dirty liquids makes them a versatile choice for a wide range of applications.
Water & Wastewater Application is Largest Owing to Growing Demand for Clean Water
In the application segment, water and wastewater management represent the largest subsegment, driven by the rising demand for clean water and efficient wastewater treatment. Submersible pumps are widely used in municipal water supply systems, sewage treatment plants, and stormwater management. They help in lifting and moving large volumes of water efficiently, making them an essential part of urban infrastructure.
With the increasing global population and urbanization, there is a growing emphasis on wastewater treatment and water recycling. Submersible pumps play a crucial role in addressing these needs by ensuring a reliable and cost-effective method for water distribution and wastewater management. As governments and organizations invest more in improving water infrastructure, the demand for submersible pumps in this application is expected to continue its upward trajectory.
Industrial End-Use Industry is Largest Owing to Heavy Demand in Manufacturing Processes
The industrial end-use industry segment is the largest within the submersible pumps market. These pumps are commonly used in manufacturing processes that require the handling of liquids such as water, chemicals, and oils. Industrial sectors such as oil and gas, construction, and mining rely heavily on submersible pumps for efficient fluid handling and drainage solutions.
Submersible pumps in industrial applications are crucial for pumping fluids under challenging conditions, including deep wells and hazardous environments. Their ability to maintain high performance while being fully submerged in liquids ensures they remain in demand for critical operations in large-scale industrial processes. As industries look to enhance their productivity and efficiency, the need for industrial submersible pumps is expected to increase.
North America is Largest Owing to Advancements in Industrial Applications and Infrastructure
Regionally, North America dominates the submersible pumps market, owing to its advanced infrastructure, industrial activities, and technological innovations. The region is home to numerous industries such as oil and gas, construction, and water treatment, all of which are major consumers of submersible pumps. Additionally, the growing trend of upgrading aging water infrastructure in cities across the U.S. and Canada is further driving the market's growth.
North America’s dominance is also supported by the rapid adoption of energy-efficient technologies, with electric submersible pumps being a preferred choice. The presence of major market players and increased investment in infrastructure projects is expected to maintain North America’s position as a leader in the submersible pumps market in the foreseeable future.
Competitive Landscape
The submersible pumps market is highly competitive, with key players such as Grundfos, Xylem, Sulzer, KSB, and Wilo leading the market. These companies are focusing on technological advancements, such as the development of energy-efficient pumps, smart pumps with IoT integration, and advanced materials for enhanced durability. Mergers and acquisitions, along with strategic collaborations with end-user industries, are also common strategies for market growth. Companies are increasingly investing in research and development to offer innovative solutions that meet the evolving demands of industries across various applications.
List of Leading Companies:
- Xylem Inc.
- Sulzer Ltd.
- Grundfos Holding A/S
- KSB Group
- Ebara Corporation
- Weir Group PLC
- Flowserve Corporation
- Atlas Copco AB
- Halliburton Company
- Baker Hughes Company
- Schlumberger Limited
- Wilo SE
- ITT Goulds Pumps Inc.
- Franklin Electric Co., Inc.
- Pentair plc
Recent Developments:
- Xylem Inc. announced the acquisition of a leading smart water solutions provider to enhance its digital offerings in January 2025.
- Grundfos Holding A/S introduced a new range of energy-efficient submersible pumps designed for agricultural applications in December 2024.
- Sulzer Ltd. expanded its manufacturing facility in India to meet the growing demand in the Asia-Pacific region in November 2024.
- Flowserve Corporation entered into a strategic partnership to develop advanced submersible pump technologies for the oil and gas sector in October 2024.
- KSB Group launched an innovative line of corrosion-resistant submersible pumps aimed at the mining industry in September 2024.
Report Scope:
Report Features |
Description |
Market Size (2024-e) |
USD 11.5 Billion |
Forecasted Value (2030) |
USD 12.6 Billion |
CAGR (2025 – 2030) |
1.6% |
Base Year for Estimation |
2024-e |
Historic Year |
2023 |
Forecast Period |
2025 – 2030 |
Report Coverage |
Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments |
Segments Covered |
Submersible Pumps Market By Type (Electric Submersible Pumps, Hydraulic Submersible Pumps), By Capacity (Low Capacity, Medium Capacity, High Capacity), By Application (Water & Wastewater, Oil & Gas, Agriculture & Irrigation, Construction, Mining), and By End-Use Industry (Industrial, Residential, Commercial) |
Regional Analysis |
North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa) |
Major Companies |
Xylem Inc., Sulzer Ltd., Grundfos Holding A/S, KSB Group, Ebara Corporation, Weir Group PLC, Atlas Copco AB, Halliburton Company, Baker Hughes Company, Schlumberger Limited, Wilo SE, ITT Goulds Pumps Inc., Pentair plc |
Customization Scope |
Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements |
Frequently Asked Questions
1. Introduction |
1.1. Market Definition |
1.2. Scope of the Study |
1.3. Research Assumptions |
1.4. Study Limitations |
2. Research Methodology |
2.1. Research Approach |
2.1.1. Top-Down Method |
2.1.2. Bottom-Up Method |
2.1.3. Factor Impact Analysis |
2.2. Insights & Data Collection Process |
2.2.1. Secondary Research |
2.2.2. Primary Research |
2.3. Data Mining Process |
2.3.1. Data Analysis |
2.3.2. Data Validation and Revalidation |
2.3.3. Data Triangulation |
3. Executive Summary |
3.1. Major Markets & Segments |
3.2. Highest Growing Regions and Respective Countries |
3.3. Impact of Growth Drivers & Inhibitors |
3.4. Regulatory Overview by Country |
4. Submersible Pumps Market, by Type (Market Size & Forecast: USD Million, 2023 – 2030) |
4.1. Electric Submersible Pumps |
4.2. Hydraulic Submersible Pumps |
5. Submersible Pumps Market, by Capacity (Market Size & Forecast: USD Million, 2023 – 2030) |
5.1. Low Capacity |
5.2. Medium Capacity |
5.3. High Capacity |
6. Submersible Pumps Market, by Application (Market Size & Forecast: USD Million, 2023 – 2030) |
6.1. Water & Wastewater |
6.2. Oil & Gas |
6.3. Agriculture & Irrigation |
6.4. Construction |
6.5. Mining |
6.6. Others |
7. Submersible Pumps Market, by End-Use Industry (Market Size & Forecast: USD Million, 2023 – 2030) |
7.1. Industrial |
7.2. Residential |
7.3. Commercial |
8. Regional Analysis (Market Size & Forecast: USD Million, 2023 – 2030) |
8.1. Regional Overview |
8.2. North America |
8.2.1. Regional Trends & Growth Drivers |
8.2.2. Barriers & Challenges |
8.2.3. Opportunities |
8.2.4. Factor Impact Analysis |
8.2.5. Technology Trends |
8.2.6. North America Submersible Pumps Market, by Type |
8.2.7. North America Submersible Pumps Market, by Capacity |
8.2.8. North America Submersible Pumps Market, by Application |
8.2.9. North America Submersible Pumps Market, by End-Use Industry |
8.2.10. By Country |
8.2.10.1. US |
8.2.10.1.1. US Submersible Pumps Market, by Type |
8.2.10.1.2. US Submersible Pumps Market, by Capacity |
8.2.10.1.3. US Submersible Pumps Market, by Application |
8.2.10.1.4. US Submersible Pumps Market, by End-Use Industry |
8.2.10.2. Canada |
8.2.10.3. Mexico |
*Similar segmentation will be provided for each region and country |
8.3. Europe |
8.4. Asia-Pacific |
8.5. Latin America |
8.6. Middle East & Africa |
9. Competitive Landscape |
9.1. Overview of the Key Players |
9.2. Competitive Ecosystem |
9.2.1. Level of Fragmentation |
9.2.2. Market Consolidation |
9.2.3. Product Innovation |
9.3. Company Share Analysis |
9.4. Company Benchmarking Matrix |
9.4.1. Strategic Overview |
9.4.2. Product Innovations |
9.5. Start-up Ecosystem |
9.6. Strategic Competitive Insights/ Customer Imperatives |
9.7. ESG Matrix/ Sustainability Matrix |
9.8. Manufacturing Network |
9.8.1. Locations |
9.8.2. Supply Chain and Logistics |
9.8.3. Product Flexibility/Customization |
9.8.4. Digital Transformation and Connectivity |
9.8.5. Environmental and Regulatory Compliance |
9.9. Technology Readiness Level Matrix |
9.10. Technology Maturity Curve |
9.11. Buying Criteria |
10. Company Profiles |
10.1. Xylem Inc. |
10.1.1. Company Overview |
10.1.2. Company Financials |
10.1.3. Product/Service Portfolio |
10.1.4. Recent Developments |
10.1.5. IMR Analysis |
*Similar information will be provided for other companies |
10.2. Sulzer Ltd. |
10.3. Grundfos Holding A/S |
10.4. KSB Group |
10.5. Ebara Corporation |
10.6. Weir Group PLC |
10.7. Flowserve Corporation |
10.8. Atlas Copco AB |
10.9. Halliburton Company |
10.10. Baker Hughes Company |
10.11. Schlumberger Limited |
10.12. Wilo SE |
10.13. ITT Goulds Pumps Inc. |
10.14. Franklin Electric Co., Inc. |
10.15. Pentair plc |
11. Appendix |
A comprehensive market research approach was employed to gather and analyze data on the Submersible Pumps Market . In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Submersible Pumps Market . The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.
Secondary Research
Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.
Primary Research
Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the E-Waste Management ecosystem. The primary research objectives included:
- Validating findings and assumptions derived from secondary research
- Gathering qualitative and quantitative data on market trends, drivers, and challenges
- Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
- Assessing the supply-side landscape, including technological advancements and recent developments
Market Size Assessment
A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Submersible Pumps Market . These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:
- Identification of key industry players and relevant revenues through extensive secondary research
- Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
- Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources
Data Triangulation
To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.