The Submersible Pumps Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Submersible Pumps Market?
The submersible pumps market has experienced significant growth in recent years. The market size expanded from $13.68 billion in 2024 to $14.65 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Submersible Pumps Industry?
The Submersible Pumps Global Market Report 2025 indicates that by 2029, the market size for submersible pumps is predicted to reach $19.1 billion. The market is also expected to expand at a compound annual growth rate (C
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What are the Key Growth Drivers Fueling the Submersible Pumps Market?
The key drivers in the submersible pumps market are:
• Increasing agricultural and industrial activities
• Growing demand for electricity
• Rising urbanization and increasing irrigation activities
• Adoption of measures to treat and reuse discharged wastewater
Global Market Segmentation: Identifying Major Submersible Pumps Industry Segments
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
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What are the emerging Trends Shaping the Future of the Submersible Pumps Market?
The key trends in the submersible pumps market are:
• The evolution towards energy-efficient models is an emerging trend.
• There is significant growth in the use of smart pump technologies and IoT integration for real-time monitoring.
• There is a rising trend in developing innovative solutions for managing wastewater.
• The adoption of corrosion-resistant materials and solar-powered submersible pumps is gaining popularity.
Who Are the Top Competitors & Leading Players in the Submersible Pumps Market?
Major companies 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
Regional Dominance: Which Area Leads the Global Submersible Pumps Market?
Asia-Pacific was the largest region in the submersible pumps market in 2024
