Driving Submersible Pumps Market Growth in 2025: The Role of Impact Of Rising Agricultural Activities On The Growth Of The Submersible Pump Market

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Submersible Pumps Market Size Growth Forecast: What to Expect by 2025?
The market for submersible pumps has seen significant expansion over the past years. The market is expected to go from $13.68 billion in 2024 to a projected $14.65 billion in 2025, boasting a compound annual growth rate (CAGR) of 7.1%. The historical growth of this sector can be linked to its rising application in wastewater treatment, escalated use in residential construction, focus on sustainable and energy-saving technologies, increased industrial activities, and a thriving construction industry.

How Will the Submersible Pumps Market Size Evolve and Grow by 2029?
Projected robust expansion is expected for the submersible pumps market in the coming years, escalating to $19.1 billion by 2029 with a compound annual growth rate (CAGR) of 6.9%. The forecast period's growth can be credited to factors such as the rise in agricultural and industrial activities, increased demand for electricity, multiplied irrigation activities, burgeoning urbanization, and enhanced efforts to reuse and treat wastewater. The prediction period will see key trends such as progress in energy-saving models, advancements in intelligent pump technologies, integration of IoT for live monitoring, innovative solutions for managing wastewater, improved materials resistant to corrosion, and the adoption of solar-driven submersible pumps.

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What Drivers Are Propelling the Growth of Submersible Pumps Market Forward?
The growth of the submersible pumps market is anticipated to be fueled by escalating agricultural activities. Agriculture, which encompasses farming, livestock, forestry, and fishing, is fundamental to the global economy since it is responsible for producing food, fiber, and other essentials. As a result of rising global food needs, technological innovation, and the extension of cultivable land, agricultural undertakings are on the rise. Submersible pumps play an essential role in agriculture, aiding in the efficient extraction of water from wells, rivers, or reservoirs for irrigation and crop management purposes. For example, data released by the Department for Environment, Food, and Rural Affairs, a UK government agency, in February 2024, revealed that the agricultural sector experienced a growth of 3.4% from 2021 to 2022. Consequently, the escalating agricultural activities are predicted to propel the submersible pumps market forward.

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Which Emerging Trends Are Transforming the Submersible Pumps Market in 2025?
Top firms in the submersible pumps market, like Shakti Pumps India Limited, are making strides to gain a competitive advantage by focusing on technology improvements, such as those found in high-efficiency submersible pumps. These next-generation pumps are designed to maximize energy consumption while still providing an optimal level of water flow and pressure. As an example, in February 2022, the Indian submersible pump production company, Shakti Pumps India Limited, introduced a 4-inch plug-and-play submersible pump. This pump's unique characteristic allows for rapid installation without any complicated wiring or setup processes. Users merely need to connect the pump to a power source to start using it, which significantly cuts down on downtime and labor expenses.

What Are the Key Segments in the Submersible Pumps Market?
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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Who Are the Key Players Shaping the Submersible Pumps Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Submersible Pumps Market?
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.

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