Global Submersible Pumps Market Size Study, by Well Type, by Operation, by Power Rating, by Industry, and Regional Forecasts 2022-2032

Description

The Global Submersible Pumps Market is valued at approximately USD 16.33 billion in 2023 and is expected to expand at an impressive compound annual growth rate (CAGR) of 7.22% over the forecast period 2024-2032. Submersible pumps, designed to operate underwater, have revolutionized fluid extraction in various industries. Known for their efficiency, reliability, and ability to prevent cavitation, these pumps are indispensable across sectors such as water management, oil and gas exploration, and agriculture. The rising demand for energy-efficient pumping solutions and rapid urbanization globally are driving the market, ensuring submersible pumps remain pivotal in modern industrial and infrastructural applications.

The increasing focus on sustainable water management practices and the surging adoption of submersible pumps in irrigation underscore their growing importance in agriculture. Meanwhile, the oil and gas sector leverages these pumps for dewatering and fluid transfer in challenging environments, highlighting their versatility. Innovations in power ratings and multi-stage operations have further enhanced the pumps' adaptability to diverse applications. However, challenges like high initial investment costs and the need for skilled maintenance may pose constraints. Nevertheless, ongoing advancements in pump technology and government initiatives promoting sustainable water solutions are expected to mitigate these issues.

Regionally, Asia-Pacific dominates the market due to rapid industrialization, robust agricultural activities, and urban expansion in nations like India and China. North America and Europe also hold substantial shares, driven by the demand for energy-efficient infrastructure and advancements in oil and gas exploration technologies. Latin America, the Middle East, and Africa are poised for significant growth, propelled by increasing investments in water and wastewater management systems and the development of energy infrastructure.

Major market players included in this report are:

Grundfos
Xylem Inc.
Sulzer Ltd.
Ebara Corporation
Flowserve Corporation
KSB Group
Wilo SE
Franklin Electric Co., Inc.
The Weir Group PLC
Kirloskar Brothers Limited
Atlas Copco AB
Tsurumi Manufacturing Co., Ltd.
Halliburton Company
Schlumberger Limited
Baker Hughes Company

The detailed segments and sub-segment of the market are explained below:

By Well Type:

Bore Well
Open Well

By Operation:

Multi-Stage
Single Stage

By Power Rating:

High Power
Medium Power
Low Power

By Industry:

Water & Wastewater
Oil & Gas
Agriculture & Irrigation
Construction
Mining
Others

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia-Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia-Pacific

Latin America:

Brazil
Mexico

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical Year: 2022
Base Year: 2023
Forecast Period: 2024 to 2032

Key Takeaways:

The report provides comprehensive market forecasts for a 10-year period (2022-2032).
Regional insights with country-level analyses for key markets.
Competitive landscape analysis featuring strategies of major industry players.
Evaluation of supply-demand dynamics and their influence on market growth.
Strategic recommendations for stakeholders to capitalize on emerging opportunities.

Chapter 1. Global Submersible Pumps Market Executive Summary

1.1. Global Submersible Pumps Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Well Type
- 1.3.2. By Operation
- 1.3.3. By Power Rating
- 1.3.4. By Industry
- 1.3.5. By Region
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Submersible Pumps Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Submersible Pumps Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Demand for Energy-Efficient Pumping Solutions
- 3.1.2. Rapid Urbanization and Industrialization
- 3.1.3. Advancements in Pump Technology
3.2. Market Challenges
- 3.2.1. High Initial Investment Costs
- 3.2.2. Need for Skilled Maintenance
3.3. Market Opportunities
- 3.3.1. Government Initiatives Promoting Sustainable Water Solutions
- 3.3.2. Expansion into Emerging Markets
- 3.3.3. Innovations in Multi-Stage Pump Operations

Chapter 4. Global Submersible Pumps Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Submersible Pumps Market Size & Forecasts by Well Type 2022-2032

5.1. Segment Dashboard
5.2. Global Submersible Pumps Market: Well Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Bore Well
- 5.2.2. Open Well

Chapter 6. Global Submersible Pumps Market Size & Forecasts by Operation 2022-2032

6.1. Segment Dashboard
6.2. Global Submersible Pumps Market: Operation Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Multi-Stage
- 6.2.2. Single Stage

Chapter 7. Global Submersible Pumps Market Size & Forecasts by Power Rating 2022-2032

7.1. Segment Dashboard
7.2. Global Submersible Pumps Market: Power Rating Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. High Power
- 7.2.2. Medium Power
- 7.2.3. Low Power

Chapter 8. Global Submersible Pumps Market Size & Forecasts by Industry 2022-2032

8.1. Segment Dashboard
8.2. Global Submersible Pumps Market: Industry Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 8.2.1. Water & Wastewater
- 8.2.2. Oil & Gas
- 8.2.3. Agriculture & Irrigation
- 8.2.4. Construction
- 8.2.5. Mining
- 8.2.6. Others

Chapter 9. Global Submersible Pumps Market Size & Forecasts by Region 2022-2032

9.1. North America Submersible Pumps Market
- 9.1.1. U.S. Submersible Pumps Market
  - 9.1.1.1. Well Type Breakdown Size & Forecasts, 2022-2032
  - 9.1.1.2. Operation Breakdown Size & Forecasts, 2022-2032
  - 9.1.1.3. Power Rating Breakdown Size & Forecasts, 2022-2032
  - 9.1.1.4. Industry Breakdown Size & Forecasts, 2022-2032
  - 9.1.1.5. Sterilization Method Breakdown Size & Forecasts, 2022-2032
- 9.1.2. Canada Submersible Pumps Market
  - 9.1.2.1. Well Type Breakdown Size & Forecasts, 2022-2032
  - 9.1.2.2. Operation Breakdown Size & Forecasts, 2022-2032
  - 9.1.2.3. Power Rating Breakdown Size & Forecasts, 2022-2032
  - 9.1.2.4. Industry Breakdown Size & Forecasts, 2022-2032
  - 9.1.2.5. Sterilization Method Breakdown Size & Forecasts, 2022-2032
9.2. Europe Submersible Pumps Market
- 9.2.1. UK Submersible Pumps Market
- 9.2.2. Germany Submersible Pumps Market
- 9.2.3. France Submersible Pumps Market
- 9.2.4. Spain Submersible Pumps Market
- 9.2.5. Italy Submersible Pumps Market
- 9.2.6. Rest of Europe Submersible Pumps Market
9.3. Asia-Pacific Submersible Pumps Market
- 9.3.1. China Submersible Pumps Market
- 9.3.2. India Submersible Pumps Market
- 9.3.3. Japan Submersible Pumps Market
- 9.3.4. Australia Submersible Pumps Market
- 9.3.5. South Korea Submersible Pumps Market
- 9.3.6. Rest of Asia-Pacific Submersible Pumps Market
9.4. Latin America Submersible Pumps Market
- 9.4.1. Brazil Submersible Pumps Market
- 9.4.2. Mexico Submersible Pumps Market
- 9.4.3. Rest of Latin America Submersible Pumps Market
9.5. Middle East & Africa Submersible Pumps Market
- 9.5.1. Saudi Arabia Submersible Pumps Market
- 9.5.2. South Africa Submersible Pumps Market
- 9.5.3. Rest of Middle East & Africa Submersible Pumps Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. Grundfos
- 10.1.2. Xylem Inc.
- 10.1.3. Sulzer Ltd.
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. Grundfos
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. Xylem Inc.
- 10.3.3. Sulzer Ltd.
- 10.3.4. Ebara Corporation
- 10.3.5. Flowserve Corporation
- 10.3.6. KSB Group
- 10.3.7. Wilo SE
- 10.3.8. Franklin Electric Co., Inc.
- 10.3.9. The Weir Group PLC
- 10.3.10. Kirloskar Brothers Limited
- 10.3.11. Atlas Copco AB
- 10.3.12. Tsurumi Manufacturing Co., Ltd.
- 10.3.13. Halliburton Company
- 10.3.14. Schlumberger Limited
- 10.3.15. Baker Hughes Company

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes