Global Submersible Pumps Market is estimated to be valued at USD 12.94 Bn in 2025 and is expected to reach USD 19.86 Bn by 2032, growing at a compound annual growth rate (CAGR) of 6.3% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 12.94 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
6.30%
2032 Value Projection:
USD 19.86 Bn
Figure. Submersible Pumps Market Share (%), By Region 2025
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 (2025-2032), considering 2024 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.
Table of Contents
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, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Non-clog Submersible
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
Open Well Submersible
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
Bore Well Submersible
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
6. Global Submersible Pumps Market, By Head Type, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Below 50 m
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
50 m - 100 m
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
Above 100 m
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
7. Global Submersible Pumps Market, By End-use Industry, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Agriculture
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
Construction & Building Services
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
Water & Wastewater
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
Power Generation
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
Oil & Gas
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
Chemical
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
Segment Trends
8. Global Submersible Pumps Market, By Region, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, By Region, 2025, 2028 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021-2032
North America
Introduction
Market Size and Forecast, By Product Type, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By Head Type, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By End-use Industry, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By Country, 2020 - 2032, (US$ Bn)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, By Product Type, 2020 - 2032, (US$ Bn))
Market Size and Forecast, By Head Type, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By End-use Industry, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By Country, 2020 - 2032, (US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Introduction
Market Size and Forecast, By Product Type, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By Head Type, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By End-use Industry, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By Country, 2020 - 2032, (US$ Bn)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, By Product Type, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By Head Type, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By End-use Industry, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By Country, 2020 - 2032, (US$ Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East & Africa
Introduction
Market Size and Forecast, By Product Type, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By Head Type, 2020 - 2032 (US$ Bn)
Market Size and Forecast, By End-use Industry, 2020 - 2032, (US$ Bn)
Market Size and Forecast, By Country, 2020 - 2032, (US$ Bn)