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Submersible Pumps Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
Submersible Pumps
What Is the Current Submersible Pumps Market Size and Its Estimated Growth Rate?
The submersible pumps market size is expected to grow from $13.68 billion in 2024 to $14.65 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period is driven by increasing use in wastewater treatment, growing demand for residential construction, a focus on sustainable and energy-efficient technologies, expanding industrial activities, and growth in the construction industry.
The submersible pumps market size is expected to reach $19.1 billion in 2029, growing at a CAGR of 6.9%. This growth is attributed to increasing agricultural and industrial activities, rising electricity demand, expanding irrigation, urbanization, and efforts to treat and reuse discharged wastewater. Major trends include advancements in energy-efficient models, smart pump technologies, IoT integr
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How Are Emerging Segments Shaping the Submersible Pumps Market Landscape?
The submersible pumpsmarket covered in this report is segmented -
1) By Product Type: Non-Clog Submersible, Open Well Submersible, Bore Well Submersible
2) By Drive Type: Electric, Hydraulic, Other Drive Types
3) By Head Type: Below 50 m, 50m - 100 m, Above 100 m
4) By Industry: Water And Wastewater, Oil And Gas, Construction, Mining, Other Industries
Subsegments:
1) By Non-Clog Submersible: Sewage Pumps, Drainage Pumps, Sludge Pumps
2) By Open Well Submersible: Vertical Open Well Pumps, Horizontal Open Well Pumps
3) By Bore Well Submersible: Single-Phase Bore Well Pumps, Three-Phase Bore Well Pumps
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Which Growth Factors Are Influencing Submersible Pumps Market Expansion?
The growing agricultural activities are expected to drive the submersible pumps market. The increase in global food demand and technological advancements in agriculture contribute to the rising need for water extraction systems. Submersible pumps play a vital role in irrigation and crop management. The UK's Department for Environment, Food, and Rural Affairs reported in February 2024 a 3.4% increase in agricultural activity, signaling strong market growth for submersible pumps.
Who Are the Dominant Players Across Different Submersible Pumps Market Segments?
Major companies operating in the submersible pumps market are Schlumberger NV, Baker Hughes Company, Atlas Copco, Andritz AG, NOV Inc., Flowserve Corporation, Xylem Inc., Ebara Corporation, Grundfos Holding A/S, Sulzer Ltd., ITT Inc., KSB SE & Co. KGaA, Wacker Neuson, Wilo SE, Franklin Electric Co. Inc., Gorman-Rupp Company, Ruhrpumpen Inc., Zoeller Company, SPP Pumps Ltd., Calpeda S.p.A, DAB Pumps SpA, Tsurumi Manufacturing Co. Ltd ., SAER Elettropompe S.p.A, HCP Pump Manufacturer Co. Ltd., Flacks Group
What Are the Major Trends Shaping the Submersible Pumps Market?
Companies in the submersible pumps market are advancing their products by focusing on higher-efficiency pumps to improve energy use while maintaining optimal water flow and pressure. For example, in February 2022, Shakti Pumps India Limited introduced a 4-inch plug-and-play submersible pump, which simplifies installation by eliminating the need for complex setup. This pump allows users to start operation immediately, reducing downtime and labor costs.
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Which Geographic Regions Are Expected to Dominate the Submersible Pumps Market in the Coming Years?
Asia-Pacific was the largest region in the submersible pumps market in 2024. The regions covered in the submersible pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Submersible Pumps Market?
2. What is the CAGR expected in the Submersible Pumps Market?
3. What Are the Key Innovations Transforming the Submersible Pumps Industry?
4. Which Region Is Leading the Submersible Pumps Market?
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