Submersible Pumps Market, By Product Type, By Head Type, By End-Use Industry, By Geography

Description

The global submersible pumps market is estimated to be valued at US$ 12.17 Bn in 2024 and is expected to reach US$ 18.41 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 12.17 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	6.10%	2031 Value Projection:	US$ 18.41 Bn

Figure. Submersible Pumps Market Share (%), By Region 2024

The global submersible pumps market has been gaining significant traction over the recent past, on account of growing industrialization and infrastructure development activities worldwide. Submersible pumps are widely used for dewatering purposes in various construction projects such as tunnels, underground rooms, building foundations, etc. They are also increasingly utilized for water supply in households, agriculture, and other industries. Rapid urbanization coupled with expanding global population has been augmenting the fresh water demand, which, in turn, is driving the sales of submersible pumps. Moreover, continuous technological advancements in submersible pump designs for improved efficiency and reduced energy consumption are creating new growth opportunities. However, high initial investment remains a key challenge for market propulsion.

Market Dynamics:

The global submersible pumps market is primarily driven by rapid industrialization and infrastructural development activities across major regions. Rapid urbanization and growing population have significantly boosted the fresh water demand worldwide. This has accelerated the installation of submersible pumps for water abstraction from bore wells and transmission purposes. In the construction industry, submersible pumps find widespread adoption in dewatering applications during excavation, tunneling, and building foundation works. However, high initial costs associated with pump installation and maintenance poses a major challenge to market growth. The implementation of energy efficient pump designs presents a key opportunity for manufacturers to gain market share. Adoption of sensor-enabled intelligent pumps for remote monitoring is another emerging trend.

Key Features of the Study:

This report provides in-depth analysis of the global submersible pumps market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global submersible pumps market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Abbott Laboratories, Atlas Copco, B. Braun Melsungen AG, DePuy Synthes, Ebara Corporation, Flowserve Corporation, Franklin Electric Co., Inc., GRUNDFOS, Kirloskar Brothers Limited, KSB AG, Medtronic Inc, Pentair, Ruhrpumpen Group, Sulzer Ltd, and Xylem Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global submersible pumps market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global submersible pumps market

Detailed Segmentation:

By Product Type
- Non-clog Submersible
- Open Well Submersible
- Bore Well Submersible
By Head Type
- Below 50 m
- 50 m- 100 m
- Above 100 m
By End-use Industry
- Agriculture
- Construction & Building Services
- Water & Wastewater
- Power Generation
- Oil & Gas
- Chemical
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Key Players Insights
- Abbott Laboratories
- Atlas Copco
- B. Braun Melsungen AG
- DePuy Synthes
- Ebara Corporation
- Flowserve Corporation
- Franklin Electric Co., Inc.
- GRUNDFOS
- Kirloskar Brothers Limited
- KSB AG
- Medtronic Inc
- Pentair
- Ruhrpumpen Group
- Sulzer Ltd
- Xylem Inc.

Product Code: CMI4287

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Head Type
- Market Snippet, By End-use Industry
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Submersible Pumps Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Submersible Pumps Market
Impact Analysis

5. Global Submersible Pumps Market, By Product Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Non-clog Submersible
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Open Well Submersible
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Bore Well Submersible
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

6. Global Submersible Pumps Market, By Head Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Below 50 m
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
50 m - 100 m
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Above 100 m
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

7. Global Submersible Pumps Market, By End-use Industry, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Agriculture
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Construction & Building Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Water & Wastewater
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Power Generation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Oil & Gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Chemical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

8. Global Submersible Pumps Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
North America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Head Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Head Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Head Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Head Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Head Type, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - South Africa
  - Rest of Middle East & Africa

9. Competitive Landscape

Market Share Analysis
Company Profiles
- Abbott Laboratories
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Atlas Copco
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- B. Braun Melsungen AG
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- DePuy Synthes
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Ebara Corporation
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Flowserve Corporation
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Franklin Electric Co., Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- GRUNDFOS
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Kirloskar Brothers Limited
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- KSB AG
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Medtronic Inc
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Pentair
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Ruhrpumpen Group
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Sulzer Ltd
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Xylem Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates

10. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
About Us and Sales Contact
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