Submersible Pump Market to Surpass USD 20.7 Billion by 2035

Between 2025 and 2035, it is projected that water-management systems, such as those utilized in industrial and agricultural settings, will create more prospects for the global submersible pump market to flourish. The market is expected to grow to USD 12.8 Billion by 2025 with an expected value of USD 20.7 Billion by 2035, at a CAGR of 4.9% through the forecast period.

The key drivers of the expansion of the submersible pump market worldwide are the population boom of the globe and the rise in residential housing. Growing water constraints impact the water system installation, which in turn fuels market expansion.

The market is being driven by factors like increased infrastructure investment and quick industrialization. Submersible pumps are becoming more widely used as manufacturers search for dependable and affordable fluid lifting choices in all production settings.

In the upcoming years, it is projected that businesses may benefit greatly from the development of strong goods that can lift big amounts of fluid. Given the growing need for electricity throughout the world, pumps have become an essential component of power plants.

Deepwater exploration activity expansion and an increase in subsea operations are two variables that are anticipated to provide this industry with a wealth of growth prospects. The improvement of drinking water infrastructure in both urban and rural areas is a top priority for many governments in growing countries. Due to this, there has been an increase in the exploration of water resources, which is anticipated to increase demand for submersible pumps with increased capacity and efficiency for home and agricultural usage.

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As maximum places on earth still don’t have access to the fundamental convenience of flowing water, desalinization programs are also anticipated to aid in the usage of submersible pumps. Consequently, throughout the forecast period, these factors are anticipated to fuel the expansion of the global submersible pump market.

Distributors sell the bulk of small and medium-sized submersible pumps. End users or consumers are more likely to choose distributors of submersible pumps that offer engineering expertise, after-sales services, and end-to-end solutions to satisfy their unique needs. Maximum global players use the strategy of growing tie-ups with local and regional distributors to build local networks.

Submersible pump demand is still widely influenced by rising energy costs. Solar-powered submersible pumps are being adopted by more and more sectors because they provide considerable operational cost advantages. Pump motors make up about 15% of the total energy used by submersible pumps globally.

Key Takeaways:

• The market in the United States has grown significantly in 2025 holding a 13.8% share of the global market.
• The market in China is expected to record a CAGR of 5.3% over the forecast period.
• The market in the United Kingdom is anticipated to thrive at a CAGR of 4.6% through 2033.
• With a CAGR of 6.7% over the forecast period, India is predicted to grow rapidly in the market.
• Germany accounted for 4.7% of the global market in 2025.

Competitive Landscape:

The top manufacturers of the submersible pump market are Wacker Neuson Group, KSB SE & Co. KGaA, Xylem Inc., Ebara Corporation, Grundfos, Sulzer AG, Shimge Pump Industry Group Co., Ltd., The Weir Group PLC, Tsurumi Manufacturing Co., Ltd., Kirloskar Brothers Ltd., Flowserve Corporation, WILO SE, PSG (Dover Corporation), Gorman-Rupp Company, Ruhrpumpen Group, Shakti Pumps (India) Ltd., Speak Pumpen Walter Speck GmbH & Co. KG, Zhejiang DOYIN Technology Co. Ltd, Pleuger Industries, and others.

Product innovation as well as opportunistic mergers and acquisitions have transformed the competitive environment of the submersible pump market. Leading companies prioritize capacity enhancements and a global footprint to take advantage of lucrative prospects in growing markets.

Recent Developments:

The NEO Series 4-in of borewell submersible pumps was introduced by Kirloskar Brothers Limited (KBL) in September 2021. These pumps are intended for rural, home, and community water supply sectors, including the agricultural, building, and construction industries.

A wide selection of premium electric submersible pumps that were created especially for sludge, drainage, and slurry pumping applications was released by Atlas Copco in January 2019. The pumps aid in reducing overheating, abrupt power loss, human inaccuracies, and product failure.

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Submersible Pumps Market by Category:

By Product Type:

• Non-clog Submersible
• Open Well Submersible
• Bore Well Submersible

By Head Type:

• Below 50 m
• 50 m- 100 m
• Above 100 m

By Application:

• Agriculture
• Industrial
• Municipal

By Region:

• North America
• Latin America
• Europe
• South Asia & Pacific
• East Asia
• The Middle East and Africa