Submersible Pumps Market to Witness Steady Growth Driven by Water and Industrial Demand

According to a new report published by Allied Market Research, the global submersible pumps market size was valued at $12.7 billion in 2022 and is projected to reach $24.4 billion by 2032, growing at a CAGR of 6.9% from 2023 to 2032. The market growth is primarily driven by rising demand for efficient water management solutions across agriculture, industrial processes, wastewater treatment, and oil & gas applications.

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Understanding Submersible Pumps and Their Importance

Submersible pumps are specially designed pumping systems that operate fully submerged in the fluid they are intended to move. These pumps feature a hermetically sealed motor coupled with a close-coupled impeller, allowing them to push liquids efficiently to the surface or across long distances. Their submerged design eliminates the risk of cavitation and enhances operational efficiency, making them ideal for applications where conventional pumps are impractical.

The submersible pumps market has gained significant traction due to the pumps' ability to handle large volumes of liquid, withstand harsh environments, and deliver reliable performance in submerged conditions.

Industrial Applications Fuel Market Expansion

In industrial environments, submersible pumps are widely used for circulating cooling water through machinery and equipment. Temperature regulation is critical for maintaining operational efficiency and preventing equipment failure. Submersible pumps efficiently transfer water through heat exchangers, condensers, and cooling systems, enabling effective heat dissipation and ensuring uninterrupted industrial operations.

Industries such as manufacturing, chemicals, power generation, and mining rely heavily on submersible pumps to support continuous processes, contributing significantly to submersible pumps market growth.

Agriculture and Irrigation Create Lucrative Opportunities

One of the most promising submersible pumps market opportunities lies in the agriculture sector, particularly for irrigation purposes. These pumps efficiently draw water from wells, rivers, ponds, and reservoirs and distribute it to agricultural fields. This is especially crucial in regions with irregular rainfall or water scarcity.

Farmers increasingly prefer submersible pumps due to their low maintenance requirements, high efficiency, and quiet operation. The submerged design significantly reduces noise pollution, making them suitable for use near residential and rural communities. As global food demand rises and efficient irrigation becomes essential, agriculture is expected to remain a key growth driver for the submersible pumps market.

Role in Chemical, Water Treatment, and Manufacturing Industries

Submersible pumps play a critical role in the chemical industry by safely transferring corrosive and abrasive fluids. Their sealed construction prevents leakage, ensuring safety and maintaining product quality. In water treatment and purification facilities, these pumps move water through filtration and purification systems, supporting the production of clean water for industrial use.

Industries such as pharmaceuticals, electronics, and food & beverages rely on submersible pumps to maintain water quality standards. The growing focus on water reuse and treatment further strengthens the submersible pumps market outlook.

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Market Segmentation Overview

The global submersible pumps market is segmented by type, capacity, application, end-use industry, and region. By type, the market is classified into electric, hydraulic, and air-driven pumps. Electric submersible pumps dominated the market in 2022, accounting for nearly half of total revenue, owing to their wide adoption across residential, agricultural, and industrial applications.

Air-driven submersible pumps emerged as the fastest-growing segment due to their precise flow control, lightweight design, and suitability for laboratory and filtration systems where accurate liquid handling is required.

Capacity and Application Trends

Based on capacity, the market is categorized into low, medium, and high. The medium-capacity segment accounted for the largest revenue share in 2022, while low-capacity submersible pumps registered the fastest growth. Low-capacity pumps are widely used in agricultural irrigation systems, delivering controlled water flow to crops and supporting soil moisture management.

By application, the market is divided into open pit and borewell. The open pit segment generated the highest revenue in 2022, representing nearly half of the market share. However, the borewell segment is expected to grow at the fastest rate, registering a CAGR of 7.0%, driven by rising groundwater extraction for agriculture and residential use.

Water and Wastewater Treatment Drive End-Use Demand

By end-use industry, the submersible pumps market is segmented into water and wastewater, oil & gas, mining and construction, and others. The water and wastewater segment dominated the market in 2022, accounting for one-third of total revenue.

Submersible pumps are essential in sewage treatment plants, where they are submerged directly into wastewater to move large volumes efficiently. Their ability to handle solids such as debris and organic matter reduces clogging and equipment damage. The sealed design also minimizes leakage, preventing environmental contamination.

With growing environmental awareness and stricter regulations, industries are increasingly adopting water recycling practices, creating sustained demand for submersible pumps.

Market Challenges: Water Quality and Contamination

Despite strong growth prospects, water quality issues remain a major challenge for the submersible pumps market. Natural contaminants such as iron and manganese can cause corrosion and reduce pump efficiency. Accumulation of debris and sediments can clog internal components, restrict water flow, and lead to overheating.

To address these challenges, regular maintenance, water testing, and appropriate treatment solutions are essential. Manufacturers are focusing on developing corrosion-resistant materials and advanced filtration technologies to improve pump durability and performance.

Asia-Pacific Leads Regional Growth

Region-wise, the submersible pumps market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific emerged as the highest revenue contributor and fastest-growing region in 2022, estimated to register a CAGR of 7.2%. Rapid urbanization, agricultural expansion, industrial growth, and increasing investments in water infrastructure are driving regional demand.

Competitive Landscape

Major players operating in the global submersible pumps market include EBARA CORPORATION, Franklin Electric Co., Grundfos Pumps India Pvt. Ltd., Kirloskar Brothers Limited, KSB Limited, Pentair, Sulzer Ltd., Tsurumi Manufacturing Co., WILO SE, and Xylem. These companies are focusing on product innovation, energy-efficient designs, and strategic expansions to strengthen their market position.

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Outlook

The submersible pumps market is expected to witness steady growth over the forecast period, supported by rising water management needs, agricultural modernization, and industrial expansion. As sustainability and efficient water usage gain importance, submersible pumps will remain a critical component of global infrastructure development.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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