The global submersible pumps market is currently witnessing strong growth. 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. Looking forward, IMARC Group expects the market to register a CAGR of around 7% during 2020-2025.
Breakup by Type:
- Open Well
- Borewell
- Non-Clog
Breakup by Operation:
Breakup by Power Rating:
Breakup by Segments:
- Electric
- Hydraulic
- Dewatering
- Borewell
Breakup by Application:
- Water & Wastewater
- Mining & Construction
- Pulp & Paper
- Energy & Power
- Food & Beverages
- Chemicals & Pharmaceuticals
- Others
Breakup by Region:
- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players 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.
Key Questions Answered in This Report:
The global submersible pumps market was worth around US$ 10.7 Billion in 2019.
According to the estimates by IMARC Group, the global submersible pumps market will exhibit moderate growth during the next five years.
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.
With the sudden outbreak of the COVID-19 pandemic, in early 2020, there is a 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 bifurcated into open well, borewell and non-clog, where borewell accounts for the largest market share.
On the basis of the operation, the market has been bifurcated into single stage and multi-stage operations.
Based on the power rating, the market has been segmented into low, medium, and high, where medium power rating holds the largest market share.
On the basis of the segments, the market has been bifurcated into electric, hydraulic, dewatering, and borewell, where electric accounts for the largest market share.
On the basis of the application, the market has been bifurcated 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 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.
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 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$), 2014-2019
Figure 3: Global: Submersible Pump Market: Breakup by Type (in %), 2019
Figure 4: Global: Submersible Pump Market: Breakup by Operation (in %), 2019
Figure 5: Global: Submersible Pump Market: Breakup by Power Rating (in %), 2019
Figure 6: Global: Submersible Pump Market: Breakup by Application (in %), 2019
Figure 7: Global: Submersible Pump Market: Breakup by Region (in %), 2019
Figure 8: Global: Submersible Pump Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 9: Global: Submersible Pump (Open Well) Market: Sales Value (in Million US$), 2014 & 2019
Figure 10: Global: Submersible Pump (Open Well) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 11: Global: Submersible Pump (Borewell) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Global: Submersible Pump (Borewell) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Global: Submersible Pump (Non-Clog) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Submersible Pump (Non-Clog) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Submersible Pump (Single Stage) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Submersible Pump (Single Stage) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Submersible Pump (Multi-Stage) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Submersible Pump (Multi-Stage) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Submersible Pump (Low) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Submersible Pump (Low) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Submersible Pump (Medium) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Submersible Pump (Medium) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Submersible Pump (High) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Submersible Pump (High) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Global: Submersible Pump (Water & Wastewater) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Submersible Pump (Water & Wastewater) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Global: Submersible Pump (Mining & Construction) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Global: Submersible Pump (Mining & Construction) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Global: Submersible Pump (Pulp & Paper) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Global: Submersible Pump (Pulp & Paper) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: Global: Submersible Pump (Energy & Power) Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: Global: Submersible Pump (Energy & Power) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Global: Submersible Pump (Food & Beverages) Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Global: Submersible Pump (Food & Beverages) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: Global: Submersible Pump (Chemicals & Pharmaceuticals) Market: Sales Value (in Million US$), 2014 & 2019
Figure 35: Global: Submersible Pump (Chemicals & Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 36: Global: Submersible Pump (Other Applications) Market: Sales Value (in Million US$), 2014 & 2019
Figure 37: Global: Submersible Pump (Other Applications) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 38: North America: Submersible Pump Market: Sales Value (in Million US$), 2014 & 2019
Figure 39: North America: Submersible Pump Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 40: United States: Submersible Pump Market: Sales Value (in Million US$), 2014 & 2019
Figure 41: United States: Submersible Pump Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 42: Canada: Submersible Pump Market: Sales Value (in Million US$), 2014 & 2019
Figure 43: Canada: Submersible Pump Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 44: Asia Pacific: Submersible Pump Market: Sales Value (in Million US$), 2014 & 2019
Figure 45: Asia Pacific: Submersible Pump Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 46: China: Submersible Pump Market: Sales Value (in Million US$), 2014 & 2019
Figure 47: China: Submersible Pump Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 48: Japan: Submersible Pump Market: Sales Value (in Million US$), 2014 & 2019
Figure 49: Japan: Submersible Pump Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 50: India: Submersible Pump Market: Sales Value (in Million US$), 2014 & 2019
Figure 51: India: Submersible Pump Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 52: South Korea: Submersible Pump Market: Sales Value (in Million US$), 2014 & 2019
Figure 53: South Korea: Submersible Pump Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 54: Australia: Submersible Pump Market: Sales Value (in Million US$), 2014 & 2019
Figure 55: Australia: Submersible Pump Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 56: Indonesia: Submersible Pump Market: Sales Value (in Million US$), 2014 & 2019
Figure 57: Indonesia: Submersible Pump Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 58: Others: Submersible Pump Market: Sales Value (in Million US$), 2014 & 2019
Figure 59: Others: Submersible Pump Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 60: Europe: Submersible Pump Market: Sales Value (in Million US$), 2014 & 2019
Figure 61: Europe: Submersible Pump Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 62: Germany: Submersible Pump Market: Sales Value (in Million US$), 2014 & 2019
Figure 63: Germany: Submersible Pump Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 64: France: Submersible Pump Market: Sales Value (in Million US$), 2014 & 2019
Figure 65: France: Submersible Pump Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 66: United Kingdom: Submersible Pump Market: Sales Value (in Million US$), 2014 & 2019
Figure 67: United Kingdom: Submersible Pump Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 68: Italy: Submersible Pump Market: Sales Value (in Million US$), 2014 & 2019
Figure 69: Italy: Submersible Pump Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 70: Spain: Submersible Pump Market: Sales Value (in Million US$), 2014 & 2019
Figure 71: Spain: Submersible Pump Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 72: Russia: Submersible Pump Market: Sales Value (in Million US$), 2014 & 2019
Figure 73: Russia: Submersible Pump Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 74: Others: Submersible Pump Market: Sales Value (in Million US$), 2014 & 2019
Figure 75: Others: Submersible Pump Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 76: Latin America: Submersible Pump Market: Sales Value (in Million US$), 2014 & 2019
Figure 77: Latin America: Submersible Pump Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 78: Brazil: Submersible Pump Market: Sales Value (in Million US$), 2014 & 2019
Figure 76: Brazil: Submersible Pump Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 80: Mexico: Submersible Pump Market: Sales Value (in Million US$), 2014 & 2019
Figure 81: Mexico: Submersible Pump Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 82: Others: Submersible Pump Market: Sales Value (in Million US$), 2014 & 2019
Figure 83: Others: Submersible Pump Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 84: Middle East and Africa: Submersible Pump Market: Sales Value (in Million US$), 2014 & 2019
Figure 85: Middle East and Africa: Submersible Pump Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 86: Global: Submersible Pump Industry: SWOT Analysis
Figure 87: Global: Submersible Pump Industry: Value Chain Analysis
Figure 88: Global: Submersible Pump Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Submersible Pump Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Submersible Pump Market Forecast: Breakup by Type (in Million US$), 2020-2025
Table 3: Global: Submersible Pump Market Forecast: Breakup by Operation (in Million US$), 2020-2025
Table 4: Global: Submersible Pump Market Forecast: Breakup by Power Rating (in Million US$), 2020-2025
Table 5: Global: Submersible Pump Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 6: Global: Submersible Pump Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 7: Global: Submersible Pump Market: Competitive Structure
Table 8: Global: Submersible Pump Market: Key Players