Reports
Global Submersible Pump Market Size, Analysis, Forecast: By Type: Borewell Submersible Pump, Openwell Submersible Pump, Non-clog Submersible Pump; By Drive Type: Electric, Hydraulic, Others; By Head: Below 50m, Between 50m and 100m, Above 100m; By End User; Regional Analysis; Competitive Landscape; 2024-2032
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 2024-2032 to reach a value of over USD 16.8 billion by 2027.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Submersible Pump Market Analysis
8.1 Key Industry Highlights
8.2 Global Submersible Pump Historical Market (2018-2023)
8.3 Global Submersible Pump Market Forecast (2024-2032)
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 (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Openwell Submersible Pump
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Non-clog Submersible Pump
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Hydraulic
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Between 50m and 100m
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Above 100m
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Oil and Gas Industry
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Mining and Construction Industry
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Others
8.8 Global Submersible Pump Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2023)
8.8.1.3 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2023)
8.8.2.3 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2023)
8.8.3.3 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2023)
8.8.4.3 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2023)
8.8.5.3 Forecast Trend (2024-2032)
9 North America Submersible Pump Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Submersible Pump Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Submersible Pump Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Submersible Pump Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Submersible Pump Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Baker Hughes Company
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Schlumberger Limited
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Halliburton Energy Services, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Weir Group PLC
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Sulzer Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Grundfos Holding A/S
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 The Gorman-Rupp Company
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Flowserve Corporation
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Atlas Copco AB
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Ebara Corporation
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Submersible Pump Market: Key Industry Highlights, 2018 and 2032
2. Global Submersible Pump Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Submersible Pump Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Submersible Pump Historical Market: Breakup by Drive Type (USD Billion), 2018-2023
5. Global Submersible Pump Market Forecast: Breakup by Drive Type (USD Billion), 2024-2032
6. Global Submersible Pump Historical Market: Breakup by Head (USD Billion), 2018-2023
7. Global Submersible Pump Market Forecast: Breakup by Head (USD Billion), 2024-2032
8. Global Submersible Pump Historical Market: Breakup by End User (USD Billion), 2018-2023
9. Global Submersible Pump Market Forecast: Breakup by End User (USD Billion), 2024-2032
10. Global Submersible Pump Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Submersible Pump Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Submersible Pump Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Submersible Pump Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Submersible Pump Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Submersible Pump Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Submersible Pump Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Submersible Pump Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Submersible Pump Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Submersible Pump Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Submersible Pump Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Submersible Pump Market Forecast: Breakup by Country (USD Billion), 2024-2032
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 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 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 2024-2032, 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.
Purchase Options
Call us on
Purchase Full Report
Mini Report
$1699
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$2799
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER