Submersible Pumps Market
By Type;
Electric, Hydraulic and Air-DrivenBy Application;
Open Pit and BorewellBy Operation;
Single-Stage and Multi-StageBy Power Rating;
15 HPBy Sector;
Industrial, Agricultural and DomesticBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)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 Period | 2025 - 2031 | 
|---|---|
| Base Year | 2024 | 
| CAGR (%) | 6.8 % | 
| Market Size (2024) | USD 14,426.95 Million | 
| Market Size (2031) | USD 22,865.11 Million | 
| Market Concentration | Medium | 
| Report Pages | 387 | 
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
Submersible Pumps Market Recent Developments
-  February 2024: Grundfos introduced a new range of high-efficiency submersible pumps, delivering enhanced performance and significant energy savings for diverse applications such as water supply and wastewater treatment. 
-  December 2022: Sulzer expanded its submersible pump portfolio with advanced models designed to meet the demanding requirements of the mining and industrial sectors, improving reliability and operational efficiency. 
Submersible Pumps Market Segment Analysis
In this report, the Submersible Pumps Market has been segmented by Type, Application, Operation, Power Rating, Sector, and Geography.
Submersible Pumps Market, Segmentation by Type
The Submersible Pumps Market has been segmented by Type into Hydraulic and Air-Driven
Electric
Electric submersibles dominate for borewell water supply, mine dewatering, and wastewater transfer where efficiency, depth capability, and automation are critical. OEMs advance high-efficiency motors, sand guard designs, and thermal protection that safeguard performance in harsh wells. Growth strategies include bundled VFD packages, data-driven maintenance, and dealer training that reduces installation and after-sales challenges.
Hydraulic
Hydraulic submersibles suit sites with explosion risks or limited power where hydraulic power packs offer robust startup torque and stall resistance. Contractors value portability, spark-free operation, and tolerance to entrained solids in dredging or emergency flood control. Suppliers expand via quick-coupling manifolds, wear-resistant impellers, and rental partnerships that improve availability for rapid-response projects.
Air-Driven
Air-driven (pneumatic) units operate in confined or hazardous locations where intrinsic safety and simple controls outweigh peak efficiency. They integrate well with existing compressor fleets, offering reliable intermittent duty for sump and trench dewatering. Manufacturers focus on moisture management, anti-icing features, and lightweight frames to address portability challenges across industrial plants and tunnels.
Submersible Pumps Market, Segmentation by Application
The Submersible Pumps Market has been segmented by Application into Open Pit and Borewell
Open Pit
Open pit dewatering demands rugged casings, vortex or channel impellers, and strainers that manage silt and fines without frequent clogging. Operators seek fast set-up, dry-running protection, and telemetry that alerts to level or power anomalies. Vendors differentiate with hard-facing options, quick-lift frames, and modular discharge hardware that shortens mobilization and minimizes production challenges.
Borewell
Borewell service emphasizes high head, slimline construction, and thrust-bearing life in varying water chemistries. Utilities and farms value stainless wet ends, non-return valves, and VFD compatibility for pressure optimization and soft-start. Growth is supported by well-audit tools, drop cable kits, and training that improves installation quality and reduces early-failure challenges.
Submersible Pumps Market, Segmentation by Operation
The Submersible Pumps Market has been segmented by Operation into Single-Stage and Multi-Stage
Single-Stage
Single-stage units favor high-flow, low-to-medium head duties in pits and sumps where clog resistance and mobility are key. Their simpler architecture reduces spare inventory and speeds field turnaround, improving asset utilization. Vendors add overload protection, anti-wicking cables, and abrasion packages to extend life in gritty environments.
Multi-Stage
Multi-stage stacks deliver high head for deep wells and pressure boosting with finely tuned impeller–diffuser geometries. Users rely on thrust balancing, wear-ring materials, and VFD ramp profiles to maintain efficiency over time. OEMs provide condition monitoring, stage-by-stage performance maps, and rebuild kits that ease maintenance and mitigate performance drift challenges.
Submersible Pumps Market, Segmentation by Power Rating
The Submersible Pumps Market has been segmented by Power Rating into 15 HP
15 HP
At 15 HP, end users balance head and flow for borewells up to moderate depths and open-pit transfers that need dependable uptime. Packages often bundle starters or VFDs, thermal and dry-run protection, and corrosion-appropriate metallurgy for varied water quality. Adoption benefits from dealer networks, warranty support, and performance audits that optimize sizing and extend service intervals.
Submersible Pumps Market, Segmentation by Sector
The Submersible Pumps Market has been segmented by Sector into Industrial, Agricultural and Domestic
Industrial
Industrial sites deploy submersibles for pit dewatering, process water, and wastewater where abrasion, chemicals, and continuous duty prevail. OEMs differentiate with duplex seals, hard-coated hydraulics, and IIoT monitoring for predictive maintenance. Growth is driven by retrofit programs, rental bridges during turnarounds, and engineered skids that simplify compliance and reduce lifecycle costs.
Agricultural
Agriculture relies on dependable borewell supply and canal lifts, prioritizing energy efficiency, seasonal flexibility, and robust after-sales. Providers offer VFD-ready packages, anti-sand designs, and solar-compatible controls that stabilize pressure and reduce operating cost. Partnerships with agri-dealers and microfinance channels mitigate cash-flow challenges and broaden regional access.
Domestic
Domestic users favor compact, quiet systems with auto-cutoff, stainless construction, and easy service for household water supply and sumps. Brands focus on intuitive controls, dry-run protection, and local service centers to ensure fast turnaround. Channel expansion through retail and e-commerce, plus clear sizing guides, reduces selection errors and early-failure challenges.
Submersible Pumps Market, Segmentation by Geography
The Submersible Pumps Market has been segmented by Geography into North America, Europe, Asia Pacific, Middle East & Africa and Latin America
Regions and Countries Analyzed in this Report
Submersible Pumps Market Share (%), by Geographical Region
North America
North America’s demand is supported by construction, mining, and municipal upgrades, with strong emphasis on safety and energy standards. Vendors compete on advanced monitoring, stainless metallurgy, and rapid service that minimizes downtime. Growth opportunities include infrastructure rehabilitation, rental fleets for seasonal projects, and OEM–contractor partnerships that streamline project delivery.
Europe
Europe prioritizes efficiency labeling, stringent wastewater norms, and durable materials for aggressive fluids. Customers value VFD integration, condition-based maintenance, and low-noise designs in urban settings. Suppliers expand via municipal frameworks, quarry dewatering, and retrofits that address carbon and compliance challenges across mature markets.
Asia Pacific
Asia Pacific features high reliance on groundwater, rapid urbanization, and expansive mining and construction pipelines. Manufacturers scale through localized production, solar/VFD offerings for grid variability, and extensive dealer networks. Future outlook centers on irrigation modernization, smart pump telemetry, and training programs that overcome installation quality challenges.
Middle East & Africa
Middle East & Africa require heat-tolerant, sand-resistant systems for municipal supply, agriculture, and flood control. Channel strategies emphasize robust spares logistics, rental readiness, and multilingual technical support. Partnerships with public utilities and EPCs enable desert wellfields, drainage corridors, and emergency response capabilities that underpin sustained growth.
Latin America
Latin America balances affordability with rugged performance for agriculture, mining, and urban drainage. Vendors succeed with value-engineered stainless builds, service hubs near mineral basins, and financing that smooths capex constraints. Expansion is supported by flood mitigation programs, irrigation upgrades, and local assembly that reduces import challenges and lead times.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Submersible Pumps Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Growing Focus on Renewable Energy Sources
- Increasing Agricultural Activities
- Expanding Urbanization and Industrialization
-  Increasing Investments in Construction Industry - Investments in the construction industry are indeed pivotal for driving economic growth on both a global and regional scale. Projections indicate a significant uptick in spending on capital projects and infrastructure over the next decade, promising substantial economic advancement. Notably, countries across the Asia Pacific region, including economic powerhouses like China, India, and Indonesia, are directing substantial resources towards infrastructure development. For instance, Indonesia has set ambitious targets, with infrastructure spending expected to surge to a remarkable USD 165 billion by the year 2025. Such investments are essential for fostering modernization and commercialization, laying the foundation for sustained economic progress. 
 The surge in infrastructure spending holds immense potential for various sectors, with a ripple effect that extends beyond construction alone. Increasing urbanization trends in emerging markets amplify the importance of these investments, as burgeoning cities require robust infrastructure to support their growth. This heightened urbanization not only necessitates the development of new infrastructure but also demands upgrades and expansions to existing systems. Consequently, sectors such as water and wastewater treatment, as well as power generation, stand to benefit significantly from these investments. As these sectors expand to meet the needs of growing urban populations, the demand for critical components like submersible pumps is expected to soar.
 Within the context of infrastructure development, the role of submersible pumps emerges as particularly crucial, especially in sectors like water and wastewater treatment. These pumps play a vital role in ensuring efficient water management, facilitating the supply of clean water to urban areas, and managing wastewater effectively. Similarly, in the power sector, submersible pumps are indispensable for various applications, including dewatering in coal mines, cooling systems in thermal power plants, and hydraulic fracturing in the oil and gas industry. The projected growth in infrastructure investments thus presents a significant opportunity for the submersible pumps market, driving demand for these essential components across diverse sectors and geographies.
Restraints:
- Environmental Concerns and Regulations
- High Initial Investment Costs
- Limited Technical Expertise in Maintenance
-  Motor Failure and High Troubleshooting Cost: Submersible pump motors are renowned for their reliability when operating within specified parameters of temperature, hydraulic loading, and power requirements. They excel in applications across agricultural, domestic, and municipal systems, where their efficiency and durability shine. However, a common issue arises when these motors are employed in conditions that surpass their design limits. This misuse often leads to failures, negating the inherent advantages of submersible motors and sometimes causing them to be disregarded altogether. 
 One of the primary culprits behind submersible motor failures is high temperature. This can result from various factors, such as pumping hot water, overloading the motor with excessive pump demands, inadequate cooling flow around the motor, scale buildup, and frequent cycling of the motor on and off. These conditions place undue stress on the motor components, compromising their performance and longevity. As a consequence, the reliability of the pump system diminishes, necessitating costly troubleshooting and repair interventions.
 The repercussions of submersible motor failures extend beyond immediate financial costs. Each instance of motor malfunction not only incurs expenses associated with troubleshooting and repairs but also entails downtime for the pump system. This downtime disrupts agricultural, domestic, or municipal operations, potentially leading to productivity losses and inconvenience for end-users. Moreover, frequent repairs and replacements due to motor failures contribute to a shorter lifespan of the overall pump system, further escalating the total cost of ownership.
Opportunities:
- Technological Advancements Driving Efficiency
- Increasing Demand for Energy-Efficient Solutions
- Growth in Urbanization and Infrastructure Development
-  Upgradation of Aging and Construction of New Water & Wastewater Treatment Facilities: In developed countries, water and wastewater treatment facilities are grappling with aging infrastructure, nearing the end of their operational lifecycle. This situation necessitates substantial investments for reinstalling and upgrading the existing systems. With many facilities reaching or surpassing their intended lifespan of 70 to 80 years, the need for refurbishment or replacement is pressing. Consequently, significant opportunities emerge for the submersible pumps market as these upgrades require modern pumping solutions to ensure efficient water management. Governments and municipalities in developed nations are increasingly recognizing the urgency of addressing aging infrastructure to maintain water quality standards and meet growing demand. 
 Emerging economies are at various stages of enhancing their water infrastructure to address access and quality issues. Many of these regions lack sufficient access to clean drinking water and are just beginning to develop upgraded water treatment systems. As these economies embark on infrastructure improvement initiatives, there is a growing demand for advanced pumping technologies, including submersible pumps. Investments in these regions are critical for not only addressing immediate water supply challenges but also for fostering sustainable development and economic growth.
 Renovation or rebuilding of aging water treatment plants is essential to ensure a reliable supply of fresh water, particularly in regions where infrastructure is deteriorating. However, the emphasis is shifting towards cost-effective solutions for installation and upgrades. This transition presents an opportunity for the submersible pumps market to offer innovative, energy-efficient, and durable pumping systems tailored to the specific needs of modernized water treatment facilities. Manufacturers and suppliers of submersible pumps are poised to capitalize on these trends by providing reliable and technologically advanced solutions that meet the evolving requirements of the water and wastewater industry.
Submersible Pumps Market Competitive Landscape Analysis
Submersible Pumps Market is characterized by strong competition, where established brands emphasize strategic collaborations, innovation, and technological advancements to strengthen their market position. Continuous improvements in pump efficiency, design, and performance have driven nearly 27–29% of the market’s growth, reflecting a focus on reliability and cost-effective solutions across industrial and agricultural applications.
Market Structure and Concentration
The market exhibits a moderately concentrated structure, with leading players accounting for about 45–48% of the total share. These companies leverage partnerships and mergers to expand operational capabilities and strengthen product portfolios. Mid-tier manufacturers are rapidly scaling through regional expansion and service integration, intensifying competitive intensity across end-use industries.
Brand and Channel Strategies
Leading brands in the Submersible Pumps Market deploy diversified distribution channels, combining direct sales and digital platforms to improve accessibility. Approximately 34–36% of the players focus on aftermarket services and energy-efficient models to enhance customer retention. Strategic alliances with distributors and industrial partners support brand growth and market visibility.
Innovation Drivers and Technological Advancements
Technological progress remains a key driver, as nearly 31–33% of manufacturers invest in advanced materials, motor efficiency, and automation technologies. Innovations such as IoT-enabled monitoring and corrosion-resistant designs enhance performance and reduce downtime. These advancements enable companies to maintain competitive differentiation through superior product innovation and operational excellence.
Regional Momentum and Expansion
Regional expansion strategies remain strong, with Asia-Pacific contributing over 37–39% to the market’s active deployments. Key manufacturers prioritize regional partnerships and joint ventures to cater to the increasing demand from construction and water management sectors. North America and Europe continue to focus on sustainable models, improving market competitiveness and technological leadership.
Future Outlook
The future outlook of the Submersible Pumps Market is poised for sustained growth driven by continuous innovation, automation, and efficient pumping technologies. Increasing emphasis on sustainable manufacturing and intelligent monitoring systems will likely shape new strategies among industry leaders. The market is expected to maintain upward momentum through enhanced collaboration and regional expansion.
Key players in Submersible Pumps Market include:
- Grundfos
- Xylem
- Sulzer
- Flowserve
- Ebara
- KSB
- Atlas Copco
- Wilo
- Kirloskar Brothers
- Franklin Electric
- Pentair
- Tsurumi Manufacturing
- Zoeller
- Shakti Pumps
- Gorman-Rupp
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction - Research Objectives and Assumptions
- Research Methodology
- Abbreviations
 
- Market Definition & Study Scope
- Executive Summary - Market Snapshot, By Type
- Market Snapshot, By Application
- Market Snapshot, By Operation
- Market Snapshot, By Power Rating
- Market Snapshot, By Sector
- Market Snapshot, By Region
 
- Submersible Pumps Market Dynamics - Drivers, Restraints and Opportunities - Drivers - Growing Focus on Renewable Energy Sources
- Increasing Agricultural Activities
- Expanding Urbanization and Industrialization
- Increasing Investments in Construction Industry
 
- Restraints - Environmental Concerns and Regulations
- High Initial Investment Costs
- Limited Technical Expertise in Maintenance
- Motor Failure and High Troubleshooting Cost
 
- Opportunities - Technological Advancements Driving Efficiency
- Increasing Demand for Energy-Efficient Solutions
- Growth in Urbanization and Infrastructure Development
- Upgradation of Aging and Construction of New Water & Wastewater Treatment Facilities
 
 
- Drivers 
- PEST Analysis - Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
 
- Porter's Analysis - Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
 
 
- Drivers, Restraints and Opportunities 
- Market Segmentation - Submersible Pumps Market, By Type, 2021 - 2031 (USD Million) - Electric
- Hydraulic
- Air-Driven
 
- Submersible Pumps Market, By Application, 2021 - 2031 (USD Million) - Open Pit
- Borewell
 
- Submersible Pumps Market, By Operation, 2021 - 2031 (USD Million) - Single-Stage
- Multi-Stage
 
- Submersible Pumps Market, By Power Rating, 2021 - 2031 (USD Million) - 15 HP
 
- Submersible Pumps Market, By Sector, 2021 - 2031 (USD Million) - Industrial
- Agricultural
- Domestic
 
- Submersible Pumps Market, By Geography, 2021 - 2031 (USD Million) - North America - United States
- Canada
 
- Europe - Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
 
- Asia Pacific - Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
 
- Middle East & Africa - GCC
- Israel
- South Africa
- Rest of Middle East & Africa
 
- Latin America - Brazil
- Mexico
- Argentina
- Rest of Latin America
 
 
- North America 
 
- Submersible Pumps Market, By Type, 2021 - 2031 (USD Million) 
- Competitive Landscape - Company Profiles - Grundfos
- Xylem
- Sulzer
- Flowserve
- Ebara
- KSB
- Atlas Copco
- Wilo
- Kirloskar Brothers
- Franklin Electric
- Pentair
- Tsurumi Manufacturing
- Zoeller
- Shakti Pumps
- Gorman-Rupp
 
 
- Company Profiles 
- Analyst Views
- Future Outlook of the Market


 Download Sample
Download Sample Add to Cart
Add to Cart