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Press Release:

Global Submersible Pumps Market to Grow at 5.83% During 2022-2027, Stimulated by Escalating Demand for Wastewater Management

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Submersible Pumps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global submersible pumps market reached a value of US$ 11.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 16.4 Billion by 2027, exhibiting a CAGR of 5.83% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. 

A submersible pump is a mechanical device that is completely submerged to pump fluids to the surface. It consists of an end-suction pump with a submersible motor, which is covered with a water-cooled jacket to provide cooling and circulate the fluid around the motor. Bladder, grinder, well, borehole, fountain and utility pumps are some of the most commonly available types of submersible pumps. These pumps are highly energy-efficient and are extensively utilized for irrigation, water treatment and oil extraction.

The continually rising demand for oil and gas from industrial, transportation and residential sectors is one of the major factors driving the market growth. Owing to a substantial decline in the availability of oil reserves across the globe, there has been a widespread adoption of submersible pumps to conduct extraction activities in deep-sea reserves. Furthermore, the growing demand for efficient wastewater and sewage management systems is also providing a boost to the market growth. Resulting from industrial developments and increasing environmental concerns, governments of both the developed and emerging nations are implementing policies to recycle wastewater, manage sewage and provide safe drinking water. Additionally, the increasing usage of the Internet of Things (IoT) for in-depth monitoring, data capturing, and remote access are impacting the market positively. Other factors, including increasing mining activities, along with advancements in pump and motor designs resulting in lightweight product variants with enhanced operational efficiencies, are also projected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global submersible pumps market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, operation, power rating and application.

Breakup by Type:

  • Open Well
  • Borewell
  • Non-Clog
     

Breakup by Operation:

  • Single Stage
  • Multi-Stage
     

Breakup by Power Rating:

  • Low
  • Medium
  • High


Breakup by Application:

  • Water & Wastewater
  • Mining & Construction
  • Pulp & Paper
  • Energy & Power
  • Food & Beverages
  • Chemicals & Pharmaceuticals
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa


Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the top submersible pumps companies are being Atlas Copco, Flowserve Corporation, Grundfos Holding A/S, ITT Gould’s Pumps Inc., Kirloskar Brothers Limited, KSB Aktiengesellschaft, Schlumberger, Sulzer AG, Weir Group Plc., Wilo SE, Xylem Inc., etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Operation, Power Rating, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Atlas Copco, Flowserve Corporation, Grundfos Holding A/S, ITT Gould’s Pumps Inc., Kirloskar Brothers Limited, KSB Aktiengesellschaft, Schlumberger, Sulzer AG, Weir Group Plc., Wilo SE and Xylem Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Submersible Pump Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Type
    6.1    Open Well
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Borewell
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Non-Clog
        6.3.1 Market Trends
        6.3.2 Market Forecast
7   Market Breakup by Operation
    7.1    Single Stage
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Multi-Stage
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Power Rating
    8.1    Low
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Medium
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    High
        8.3.1 Market Trends
        8.3.2 Market Forecast
9   Market Breakup by Application
    9.1    Water & Wastewater
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Mining & Construction
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Pulp & Paper
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Energy & Power
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Food & Beverages
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Chemicals & Pharmaceuticals
        9.6.1 Market Trends
        9.6.2 Market Forecast
    9.7    Others
        9.7.1 Market Trends
        9.7.2 Market Forecast
10  Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
    12.1    Overview
    12.2    Inbound Logistics
    12.3    Operations
    12.4    Outbound Logistics
    12.5    Marketing and Sales
    12.6    Services
13  Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Price Indicators
15  Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Atlas Copco
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio 
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    Flowserve Corporation
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio 
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    Grundfos Holding A/S
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis
        15.3.4    ITT Gould’s Pumps Inc.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
        15.3.5    Kirloskar Brothers Limited
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio 
           15.3.5.3 Financials
        15.3.6    KSB Aktiengesellschaft
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio 
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    Schlumberger
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio 
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Sulzer AG
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio 
        15.3.9    Weir Group Plc.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio 
           15.3.9.3 Financials
        15.3.10    Wilo SE
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio 
           15.3.10.3 Financials
        15.3.11    Xylem Inc.
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio 
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis

List of Figures

Figure 1: Global: Submersible Pump Market: Major Drivers and Challenges
Figure 2: Global: Submersible Pump Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Submersible Pump Market: Breakup by Type (in %), 2021
Figure 4: Global: Submersible Pump Market: Breakup by Operation (in %), 2021
Figure 5: Global: Submersible Pump Market: Breakup by Power Rating (in %), 2021
Figure 6: Global: Submersible Pump Market: Breakup by Application (in %), 2021
Figure 7: Global: Submersible Pump Market: Breakup by Region (in %), 2021
Figure 8: Global: Submersible Pump Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Submersible Pump (Open Well) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Submersible Pump (Open Well) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Submersible Pump (Borewell) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Submersible Pump (Borewell) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Submersible Pump (Non-Clog) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Submersible Pump (Non-Clog) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Submersible Pump (Single Stage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Submersible Pump (Single Stage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Submersible Pump (Multi-Stage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Submersible Pump (Multi-Stage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Submersible Pump (Low) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Submersible Pump (Low) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Submersible Pump (Medium) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Submersible Pump (Medium) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Submersible Pump (High) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Submersible Pump (High) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Submersible Pump (Water & Wastewater) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Submersible Pump (Water & Wastewater) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Submersible Pump (Mining & Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Submersible Pump (Mining & Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Submersible Pump (Pulp & Paper) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Submersible Pump (Pulp & Paper) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Submersible Pump (Energy & Power) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Submersible Pump (Energy & Power) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Submersible Pump (Food & Beverages) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Submersible Pump (Food & Beverages) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Submersible Pump (Chemicals & Pharmaceuticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Submersible Pump (Chemicals & Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Submersible Pump (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Submersible Pump (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: North America: Submersible Pump Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: North America: Submersible Pump Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: United States: Submersible Pump Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: United States: Submersible Pump Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Canada: Submersible Pump Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Canada: Submersible Pump Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Asia Pacific: Submersible Pump Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Asia Pacific: Submersible Pump Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: China: Submersible Pump Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: China: Submersible Pump Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Japan: Submersible Pump Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Japan: Submersible Pump Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: India: Submersible Pump Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: India: Submersible Pump Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: South Korea: Submersible Pump Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: South Korea: Submersible Pump Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Australia: Submersible Pump Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Australia: Submersible Pump Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Indonesia: Submersible Pump Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Indonesia: Submersible Pump Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Others: Submersible Pump Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Others: Submersible Pump Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Europe: Submersible Pump Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Europe: Submersible Pump Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Germany: Submersible Pump Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Germany: Submersible Pump Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: France: Submersible Pump Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: France: Submersible Pump Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: United Kingdom: Submersible Pump Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: United Kingdom: Submersible Pump Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Italy: Submersible Pump Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Italy: Submersible Pump Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Spain: Submersible Pump Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Spain: Submersible Pump Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Russia: Submersible Pump Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Russia: Submersible Pump Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: Submersible Pump Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: Submersible Pump Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Latin America: Submersible Pump Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Latin America: Submersible Pump Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Brazil: Submersible Pump Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Brazil: Submersible Pump Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Mexico: Submersible Pump Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Mexico: Submersible Pump Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Others: Submersible Pump Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Others: Submersible Pump Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Middle East and Africa: Submersible Pump Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Middle East and Africa: Submersible Pump Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Global: Submersible Pump Industry: SWOT Analysis
Figure 88: Global: Submersible Pump Industry: Value Chain Analysis
Figure 89: Global: Submersible Pump Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Submersible Pump Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Submersible Pump Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Submersible Pump Market Forecast: Breakup by Operation (in Million US$), 2022-2027
Table 4: Global: Submersible Pump Market Forecast: Breakup by Power Rating (in Million US$), 2022-2027
Table 5: Global: Submersible Pump Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Submersible Pump Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Submersible Pump Market: Competitive Structure
Table 8: Global: Submersible Pump Market: Key Players

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Key Questions Answered in This Report

According to the estimates by IMARC Group, the global submersible pumps market is expected to witness a CAGR of 5.83% from 2022 to 2027.

The growing utilization of submersible pumps in numerous oil and gas, irrigation, and water treatment activities represents one of the key factors impelling the global submersible pumps market growth.

The increasing utilization of the Internet of Things (IoT) for in-depth monitoring, data capturing, and remote access of submersible pumps represents one of the key trends in the submersible pumps market.

Sudden outbreak of the COVID-19 pandemic had led to the decelerating demand for submersible pumps in the oil & gas industry, along with temporary halt in construction activities leading to cancellation of several contracts for submersible pumps.

On the basis of the type, the market has been classified into open well, borewell and non-clog, where borewell accounts for the largest market share.

On the basis of the power rating, the market has been segmented into low, medium, and high. Currently, medium power rating holds the largest market share.

On the basis of the application, the market has been divided into water and wastewater, mining and construction, pulp and paper, energy and power, food and beverages, chemicals and pharmaceuticals, and others. In this segment, water and wastewater sector holds the largest market share.

Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.

The key companies in the global submersible pumps market are Atlas Copco, Flowserve Corporation, Grundfos Holding A/S, ITT Gould’s Pumps Inc., Kirloskar Brothers Limited, KSB Aktiengesellschaft, Schlumberger, Sulzer AG, Weir Group Plc., Wilo SE, Xylem Inc., etc.

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