Submersible Pumps Market

By Type;

Electric, Hydraulic and Air-Driven

By Application;

Open Pit and Borewell

By Operation;

Single-Stage and Multi-Stage

By Power Rating;

15 HP

By Sector;

Industrial, Agricultural and Domestic

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn856347499 Published Date: September, 2025 Updated Date: November, 2025

Submersible Pumps Market Overview

Submersible Pumps Market (USD Million)

Submersible Pumps Market was valued at USD 14,426.95 million in the year 2024. The size of this market is expected to increase to USD 22,865.11 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.8%.


Submersible Pumps Market

*Market size in USD million

CAGR 6.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)6.8 %
Market Size (2024)USD 14,426.95 Million
Market Size (2031)USD 22,865.11 Million
Market ConcentrationMedium
Report Pages387
14,426.95
2024
22,865.11
2031

Major Players

  • Xylem
  • Sulzer
  • KSB Group
  • Grundfos
  • Atlas Copco
  • Tsurumi Manufacturing
  • Grindex
  • Flowserve
  • Wilo
  • Vansan
  • SAER Elettropompe
  • Pleuger
  • C.R.I. Pumps
  • PRORIL
  • HOMA
  • LEO
  • EBARA Corporation
  • BJM Pumps
  • Mody Pumps
  • SPT Pumpen
  • HCP

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Submersible Pumps Market

Fragmented - Highly competitive market without dominant players


The Submersible Pumps Market continues to expand as industries seek energy-efficient systems and long-lasting pumping technologies. Adoption has surged by over 44%, reflecting the demand for reliable operations across industrial and commercial sectors. Offering a longer operating life and reduced servicing needs, submersible pumps are becoming a key enabler of sustainable infrastructure.

Core Drivers Supporting Growth
Growing emphasis on water resource efficiency and cost-effective operations is fueling market adoption. Roughly 39% of enterprises now use submersible pumps for water supply and treatment. Their proven ability to function under extreme conditions makes them vital for ensuring system reliability and operational safety.

Technology Trends Enhancing Adoption
Advances in digital automation, smart monitoring tools, and variable speed drives have elevated pump performance. Close to 46% of deployments use intelligent sensors for system optimization. About 48% integrate remote operation functions, while 42% leverage AI-based diagnostics for improved efficiency and reduced downtime.

Market Outlook and Future Investments
The Submersible Pumps Market shows promising expansion as industries adopt automated pumping technologies with higher durability. Roughly 59% of organizations plan to boost investments in smart pumpi

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Operation
    4. Market Snapshot, By Power Rating
    5. Market Snapshot, By Sector
    6. Market Snapshot, By Region
  4. Submersible Pumps Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Focus on Renewable Energy Sources
        2. Increasing Agricultural Activities
        3. Expanding Urbanization and Industrialization
        4. Increasing Investments in Construction Industry
      2. Restraints
        1. Environmental Concerns and Regulations
        2. High Initial Investment Costs
        3. Limited Technical Expertise in Maintenance
        4. Motor Failure and High Troubleshooting Cost
      3. Opportunities
        1. Technological Advancements Driving Efficiency
        2. Increasing Demand for Energy-Efficient Solutions
        3. Growth in Urbanization and Infrastructure Development
        4. Upgradation of Aging and Construction of New Water & Wastewater Treatment Facilities
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Submersible Pumps Market, By Type, 2021 - 2031 (USD Million)
      1. Electric
      2. Hydraulic
      3. Air-Driven
    2. Submersible Pumps Market, By Application, 2021 - 2031 (USD Million)
      1. Open Pit
      2. Borewell
    3. Submersible Pumps Market, By Operation, 2021 - 2031 (USD Million)
      1. Single-Stage
      2. Multi-Stage
    4. Submersible Pumps Market, By Power Rating, 2021 - 2031 (USD Million)
      1. 15 HP
    5. Submersible Pumps Market, By Sector, 2021 - 2031 (USD Million)
      1. Industrial
      2. Agricultural
      3. Domestic
    6. Submersible Pumps Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Grundfos
      2. Xylem
      3. Sulzer
      4. Flowserve
      5. Ebara
      6. KSB
      7. Atlas Copco
      8. Wilo
      9. Kirloskar Brothers
      10. Franklin Electric
      11. Pentair
      12. Tsurumi Manufacturing
      13. Zoeller
      14. Shakti Pumps
      15. Gorman-Rupp
  7. Analyst Views
  8. Future Outlook of the Market