Global Submersible Pumps Market Size, Share, Opportunities, And Trends By Pump Type (Openwell, Borewell), By Power Rating (Low power, Medium Power, High power), By Application (Water & wastewater, Oil & gas industry, Mining & construction industry, Others), and By Geography - Forecasts From 2025 To 2030

Global Submersible Pumps Market Size And Forecast

The global submersible pumps market is anticipated to reach a market size worth US$21.345 billion by 2030 and is valued at US$15.829 billion in 2025, growing at a compound annual growth rate of 6.16%.

A submersible pump is the kind of pump that can be taken entirely underwater and pump water to the surface. Its motor is tightly sealed to the pump, helping it push the liquid onto the surface. The pump converts the rotary energy into kinetic energy and that into pressure energy, which it uses to push the water to the surface. Moreover, submersible pumps are efficient to use as they don’t need additional energy sources to work. The water pressure pushes the water into the pump, which consecutively saves much energy for the pump.

In addition to this, another major advantage of the submersible pumps is that they don’t need to be primed as they are already submerged in water. These key advantages are expected to drive the market for submersible pumps. However, this market would be inhibited by its disadvantages. The corroding of the seals is one of them, resulting in letting water inside the motor, rendering the pump useless unless repaired. Another key disadvantage of submersible pumps is that one pump does not fit all uses, so a different pump is needed for various applications.

Additionally, some of the key factors driving the market in the coming years are the increasing awareness about wastewater treatment in several countries and the government's strict regulations. Secondly, the market will be driven by the growing investments in infrastructure, which has consecutively resulted in the increased pace of urbanization. With these rising investments in emerging markets, like wastewater treatment in agricultural, industrial, and household sectors, the demand for the submersible pump is also expected to increase in the coming years.

What are the Global Submersible Pump Market Drivers?

• Increasing urbanization and infrastructure development are expected to propel the market expansion.

Cities are expanding at a much quicker pace than before, thus increasing the water demand. This has resulted in the use of submersible pumps in water supply schemes, sewage disposal systems, construction work, irrigation, industrialization, and even power generation within hydropower plants. These pumps are also needed for distributing water in high-rise structures and thickly populated areas, and sewage treatment plants and drainage facilities. For instance, as quoted from the World Economic Forum’s report in October 2024, India planned to invest $300 million in the next two years to tackle flooding and water preservation in seven cities, including Mumbai, Chennai, and Bengaluru. These funds are set aside for constructing drains and rehabilitating water bodies overrun by urban growth.

• The rise in the agricultural sector is projected to aid growth in the global submersible pumps market.

Submersible pumps are vital for the constant water supply in agricultural lands, especially in dry regions. These pumps help transport water for different types of irrigation, such as drip, sprinkler, and flood, enhancing the production of crops and agriculture. The provision of water and irrigation in an efficient manner are the foundations of good, sustainable agriculture.

For instance, the conference COP28 in 2023 highlighted that more water-efficient agriculture, such as irrigation, is critical to producing more food and strengthening resilience to the impacts of climate change. At COP27, experts noted the relevance of changing outdated irrigation systems to address the food needs of around 10 billion people by the middle of the century, which calls for creativity and strategizing. These necessities provide an opportunity for the rise in demand for advanced submersible pumps in the subsequent years.

• Growing regulations concerning wastewater management in various sectors will fuel global demand for submersible pumps.

Submersible pumps are being installed in industrial wastewater treatment because manufacturers must comply with environmental regulations and increase efficiency. They pump sewage from the collection point to the treatment plant, sludge is taken for transfer, and treated water is re-circulated. This brings about better outcomes in treatment and decreases the adverse effects of industrial processes on the surrounding community. According to the 2023 Clean Water Act (CWA), pollutants originating from a 'point source' shall not be discharged in the waters of the United States unless permitted to do so by the Environmental Protection Agency (EPA) or an authorized state, meaning that releasing effluent into surface waters have to satisfy predefined limits for effluent containing pollutants.

Similarly, the authorities of other countries are also working on introducing normative acts on wastewater treatment, which is likely to boost the submersible pumps market growth in the forecasted period. In addition to that, since people are becoming more concerned about environmental issues and the value of clean water, there is pressure on industries to practice water sustainability, which includes proper management of wastewater. This assists in alleviating the discomforts caused by the processes of industries in the surroundings.

• The oil & gas industry is one of the major industries expected to boost market expansion.

The oil and gas sector is predicted to dominate the market share due to the various investments made and the industry's growth.

To illustrate, India, ranked third globally in oil & energy consumption after China and the USA, is Asia's largest importer of Petroleum products. Further, according to the crude oil output figures sourced from the Government of India, Ministry of Petroleum and Natural Gas, Crude oil production reached 2286.26 TMT in 2024, up from 2377.89 TMT in 2023. The available developments and investment trends in the oil and gas sector on such a big scale will also fuel the market for submersible pumps in the coming years.

Key Developments in the Global Submersible Pumps Market:

• November 2024- Franklin Electric’s Pioneer Pump brand launched a new offering, the Minetuff Series Electric Submersible Pumps. It provides a correspondingly reliable and performance-oriented spectrum of dewatering solutions. The Minetuff Series, which comprises pumps in the 8 to 140 HP range, can also be put inside the wells whose depth reaches 245 feet, thereby extending the brand’s range of product mix.
• September 2024- A new series of submersible motor pumps, AmaRex Pro, was introduced by the KSB company. These pumps are powered by high-efficiency class IE5 motors, equipped with open two-vane D-max impellers for hydraulic performance and resistance to clogging. An embedded motor control unit recognizes mesmerizing situations and begins an autonomous pump-dragging cycle, stopping the stripping of the mixture, including obstructions and stringy materials.

The Global Submersible Pumps Market is segmented and analyzed as below:

• By Pump Type
  • Openwell
  • Borewell
• By Power Rating
  • Low Power
  • Medium Power
  • High Power
• By Application
  • Water & wastewater
  • Oil & gas industry
  • Mining & construction industry
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Indonesia
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. GLOBAL SUBMERSIBLE PUMPS MARKET BY PUMP TYPE

5.1. Introduction

5.2. Openwell

5.3. Borewell

6. GLOBAL SUBMERSIBLE PUMPS MARKET BY POWER RATING

6.1. Introduction

6.2. Low Power

6.3. Medium Power

6.4. High Power

7. GLOBAL SUBMERSIBLE PUMPS MARKET BY APPLICATION

7.1. Introduction

7.2. Water & wastewater

7.3. Oil & gas industry

7.4. Mining & construction industry

7.5. Others

8. GLOBAL SUBMERSIBLE PUMPS MARKET BY GEOGRAPHY

8.1. Introduction

8.1. North America

8.1.1. By Pump Type

8.1.2. By Power Rating 

8.1.3. By Application

8.1.4. By Country

8.1.4.1. United States

8.1.4.2. Canada

8.1.4.3. Mexico

8.2. South America

8.2.1. By Pump Type

8.2.2. By Power Rating 

8.2.3. By Application

8.2.4. By Country

8.2.4.1. Brazil

8.2.4.2. Argentina

8.2.4.3. Others

8.3. Europe

8.3.1. By Pump Type

8.3.2. By Power Rating 

8.3.3. By Application

8.3.4. By Country

8.3.4.1. United Kingdom

8.3.4.2. Germany

8.3.4.3. France

8.3.4.4. Italy

8.3.4.5. Others

8.4. Middle East and Africa

8.4.1. By Pump Type

8.4.2. By Power Rating 

8.4.3. By Application

8.4.4. By Country

8.4.4.1. Saudi Arabia

8.4.4.2. United Arab Emirates

8.4.4.3. Others

8.5. Asia Pacific

8.5.1. By Pump Type

8.5.2. By Power Rating 

8.5.3. By Application

8.5.4. By Country

8.5.4.1. Japan

8.5.4.2. China

8.5.4.3. India

8.5.4.4. South Korea

8.5.4.5. Taiwan

8.5.4.6. Indonesia

8.5.4.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Baker Hughes Company

10.2. EBARA CORPORATION

10.3. The Gorman-Rupp Company

10.4. KSB SE & Co. KGaA

10.5. Borets International Ltd

10.6. Sulzer Ltd

10.7. Flowserve Corporation

10.8. Franklin Electric Co. Inc.

10.9. Schlumberger Limited

10.10. GRUNDFOS

10.11. Xylem Inc.

Baker Hughes Company

EBARA CORPORATION

The Gorman-Rupp Company

KSB SE & Co. KGaA

Borets International Ltd

Sulzer Ltd

Flowserve Corporation

Franklin Electric Co. Inc.

Schlumberger Limited

GRUNDFO

Xylem Inc.