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Global Submersible Pump Market: By Type: Borewell Submersible Pump, Openwell Submersible Pump, Non-clog Submersible Pump; By Drive Type: Electric, Hydraulic, Others; By Head; By End User; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Submersible Pump Market Outlook

The global submersible pump market stood at a value of more than USD 11.3 billion in 2021. The market is further expected to grow at a CAGR of 6.83% in the forecast period of 2022-2027 to reach a value of over USD 16.8 billion by 2027.

 

Global Submersible Pump Market

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Growing Utilisation of Electric Submersible Pumps (ESP) to Aid the Global Submersible Pump Industry Growth

The electric submersible pump (ESP) segment based on drive type accounts for a significant share in the market owing to the various advantages offered by the product. Electric submersible pump offers low bottomhole pressure, low bubblepoint, low gas/oil ratio, high water cut, and low API gravity fluids. Additionally, ESP is adaptable to highly deviated wells and subsurface wellheads. Furthermore, ESP is quiet, safe, and acceptable for industrial operations in the environmentally conscious areas. These factors are aiding the growth of the segment.

 

The Asia Pacific Accounts for a Significant Share in the Submersible Pump Industry

The submersible pump industry in the Asia Pacific is driven by the expansion of industrial facilities in countries like China and India, owing to the low cost of raw materials and favourable government policies. The increasing concerns regarding water scarcity are also invigorating the demand for submersible pumps to boost wastewater management. Furthermore, the thriving mining and construction industry in the region is likely to provide an impetus to the market in the forecast period.

 

Submersible Pump: Market Segmentation

A submersible pump is defined as a type of motor which is air-tight sealed and close-coupled to the pump body. This motor prevents pump cavitation and can be fully-submerged in water. The properties of submersible pumps make them a useful product in a variety of applications.

 

Global Submersible Pump Market by Segment

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Based on type, the market can be segmented into:

  • Borewell Submersible Pump
  • Openwell Submersible Pump
  • Non-clog Submersible Pump

Based on drive type, the market can be segmented into:

  • Electric 
  • Hydraulic
  • Others

By head, the market can be divided into:

  • Below 50m
  • Between 50m and 100m
  • Above 100m

The significant end uses of the market include:

  • Water and Wastewater
  • Oil and Gas Industry
  • Mining and Construction Industry
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Submersible Pump Market by Region

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Growing Adoption of Submersible Pump for Industrial Applications to Boost the Growth of the Submersible Pump Industry

Submersible pumps are light-weight, versatile, and can be deployed easily, which makes them applicable in the agriculture and firefighting industries. In addition to this, submersible pumps are used for oil applications and are likely to witness a significant increase in demand owing to the global increase in demand for crude oil and petroleum. The increasing demand for energy is supporting this trend. Furthermore, the thriving construction industry in emerging economies owing to the rising demand for residential construction and a surge in population is likely to aid the market growth in the forecast period.

 

Key Industry Players in the Global Submersible Pump Market

The report gives a detailed analysis of the following key players in the global submersible pump market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Baker Hughes Company
  • Schlumberger Limited
  • Halliburton Energy Services, Inc.
  • Weir Group PLC
  • Sulzer Ltd.
  • Grundfos Holding A/S
  • The Gorman-Rupp Company
  • Flowserve Corporation
  • Atlas Copco AB
  • Ebara Corporation
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Drive Type, Head, End User, Region
Breakup by Type Borewell Submersible Pump, Openwell Submersible Pump, Non-clog Submersible Pump
Breakup by Drive Type Electric, Hydraulic, Others
Breakup by Head Below 50m, Between 50m and 100m, Above 100m
Breakup by End User Water and Wastewater, Oil and Gas Industry, Mining and Construction Industry, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Baker Hughes Company, Schlumberger Limited, Halliburton Energy Services, Inc.,
Weir Group PLC, Sulzer Ltd., Grundfos Holding A/S, The Gorman-Rupp Company, Flowserve Corporation, Atlas Copco AB, Ebara Corporation, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Submersible Pump Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Submersible Pump Historical Market (2017-2021) 
    8.3    Global Submersible Pump Market Forecast (2022-2027)
    8.4    Global Submersible Pump Market by Type
        8.4.1    Borewell Submersible Pump
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Openwell Submersible Pump
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Non-clog Submersible Pump
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
    8.5    Global Submersible Pump Market by Drive Type
        8.5.1    Electric 
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Hydraulic
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Others
    8.6    Global Submersible Pump Market by Head
        8.6.1    Below 50m
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Between 50m and 100m
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Above 100m
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
    8.7    Global Submersible Pump Market by End User
        8.7.1    Water and Wastewater
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Oil and Gas Industry
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
        8.7.3    Mining and Construction Industry
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2017-2021)
            8.7.3.3    Forecast Trend (2022-2027)
        8.7.4    Others
    8.8    Global Submersible Pump Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Baker Hughes Company
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Schlumberger Limited
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Halliburton Energy Services, Inc.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Weir Group PLC
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Sulzer Ltd.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Grundfos Holding A/S
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    The Gorman-Rupp Company
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Flowserve Corporation
            12.2.8.1    Company Overview
            12.2.8.2    Product Portfolio
            12.2.8.3    Demographic Reach and Achievements
            12.2.8.4    Certifications
        12.2.9    Atlas Copco AB
            12.2.9.1    Company Overview
            12.2.9.2    Product Portfolio
            12.2.9.3    Demographic Reach and Achievements
            12.2.9.4    Certifications
        12.2.10    Ebara Corporation
            12.2.10.1    Company Overview
            12.2.10.2    Product Portfolio
            12.2.10.3    Demographic Reach and Achievements
            12.2.10.4    Certifications
        12.2.11    Others
13    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Submersible Pump Market: Key Industry Highlights, 2017 and 2027
2.    Global Submersible Pump Historical Market: Breakup by Type (USD Billion), 2017-2021
3.    Global Submersible Pump Market Forecast: Breakup by Type (USD Billion), 2022-2027
4.    Global Submersible Pump Historical Market: Breakup by Drive Type (USD Billion), 2017-2021
5.    Global Submersible Pump Market Forecast: Breakup by Drive Type (USD Billion), 2022-2027
6.    Global Submersible Pump Historical Market: Breakup by Head (USD Billion), 2017-2021
7.    Global Submersible Pump Market Forecast: Breakup by Head (USD Billion), 2022-2027
8.    Global Submersible Pump Historical Market: Breakup by End User (USD Billion), 2017-2021
9.    Global Submersible Pump Market Forecast: Breakup by End User (USD Billion), 2022-2027
10.    Global Submersible Pump Historical Market: Breakup by Region (USD Billion), 2017-2021
11.    Global Submersible Pump Market Forecast: Breakup by Region (USD Billion), 2022-2027
12.    North America Submersible Pump Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    North America Submersible Pump Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Europe Submersible Pump Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Europe Submersible Pump Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Asia Pacific Submersible Pump Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Asia Pacific Submersible Pump Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Latin America Submersible Pump Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Latin America Submersible Pump Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Middle East and Africa Submersible Pump Historical Market: Breakup by Country (USD Billion), 2017-2021
21.    Middle East and Africa Submersible Pump Market Forecast: Breakup by Country (USD Billion), 2022-2027
22.    Global Submersible Pump Market Structure

Key Questions Answered in the Report

In 2021, the global submersible pump market attained a value of more than USD 11.3 billion.

The market is estimated to grow at a CAGR of 6.83% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach over USD 16.8 billion by 2027.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major drivers of the market include the rising application of the product in various industrial projects, rapid urbanisation, and the growing innovations by the manufacturers.

The rising investment in wastewater management projects is expected to be a key trend guiding the growth of the industry.

The segmentation of the market based on type includes borewell submersible pump, openwell submersible pump, and non-clog submersible pump.

Electric, hydraulic, and others are the major drive types based on which the market has been segmented.

The segmentation of the market based on head includes 50m, between 50m and 100m, and above 100m.

Water and wastewater, oil and gas industry, and mining and construction industry, among others are the different end uses of the product.

The major players in the industry are Baker Hughes Company, Schlumberger Limited, Halliburton Energy Services, Inc., Weir Group PLC, Sulzer Ltd., Grundfos Holding A/S, The Gorman-Rupp Company, Flowserve Corporation, Atlas Copco AB, and Ebara Corporation, among others.

Analyst Review

The global submersible pump market attained a value of more than USD 11.3 billion in 2021, driven by the growing application of the product in the construction and mining industry. Aided by the rising investments in wastewater projects, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 6.83%. The market is projected to reach over USD 16.8 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is divided into borewell submersible pump, openwell submersible pump, and non-clog submersible pump. On the basis of drive type, the market is divided into electric, hydraulic, and others. By head, the market has been divided into 50m, between 50m and 100m, and above 100m. The major end uses of the product are water and wastewater, oil and gas industry, and mining and construction industry, among others. The major regional markets for submersible pump are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Baker Hughes Company, Schlumberger Limited, Halliburton Energy Services, Inc., Weir Group PLC, Sulzer Ltd., Grundfos Holding A/S, The Gorman-Rupp Company, Flowserve Corporation, Atlas Copco AB, and Ebara Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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