Submersible Pumps Market
Submersible Pumps Market Analysis by Borewell Submersible Pumps, Non-clog Submersible Pumps, and Open Well Submersible Pumps from 2023 to 2033
Analysis of Submersible Pumps Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Submersible Pumps Market Outlook (2023 to 2033)
Increasing at a CAGR of 6.7%, the global submersible pumps market is set to increase from a value of US$ 14.27 billion in 2023 to US$ 27.3 billion by the end of 2033, as per this latest market study by Fact.MR.
Submersible pumps are designed to operate while completely submerged in liquid. They are typically used for pumping water and other liquids from deep wells, boreholes, tanks, sumps, and other submerged applications. Unlike traditional pumps that are placed above the liquid surface, submersible pumps are placed directly in the liquid and operate by pushing the liquid to the surface.
- According to Fact.MR, a market research and competitive intelligence provider, worldwide sales of open well submersible pumps are forecasted to increase rapidly at a CAGR of 7.3% from 2023 to 2033.
Submersible pumps are typically electrically powered and can range in size from small pumps used for residential applications to large pumps used for industrial and commercial purposes. They are commonly used in applications such as water supply and distribution, wastewater management, irrigation, oil and gas production, mining, and other similar industries.
The high efficiency of submersible pumps and several advantages over traditional pumps make them highly sought-after. They are typically more durable, require less maintenance, and are more energy-efficient than traditional pumps. Some of the types of submersible pumps are borewell submersible pumps, non-clog submersible pumps, and open well submersible pumps.
Open well submersible pumps are designed to be used in open wells, tanks, or reservoirs, and they can provide a continuous water supply to households, farming and gardening, and other applications. Another factor increasing the demand for open well submersible pumps is the growing need for efficient agricultural irrigation systems.
The use of open well submersible pumps in agriculture is becoming more popular due to their ability to provide water from wells or open sources directly to crops, resulting in improved crop yields and better farm productivity.
| Report Attributes | Details |
|---|---|
| Submersible Pumps Market Size (2023E) | US$ 14.27 Billion |
| Forecasted Market Value (2033F) | US$ 27.3 Billion |
| Global Market Growth Rate (2023 to 2033) | 6.7% CAGR |
| United Kingdom Market Value (2033) | US$ 1.33 Billion |
| United States Market Growth Rate (2023 to 2033) | 7.2% CAGR |
| Germany Market Growth Rate (2023 to 2033) | 7.2% CAGR |
| Japan Market Growth Rate (2023 to 2033) | 7.1% CAGR |
| China Market Growth Rate (2023 to 2033) | 7.4% CAGR |
| Key Companies Profiled | Kubota Corporation; Wacker Neuson Group; Atlas Copco Group; KSB SE & Co. KGaA; Xylem Inc.; Ebara Corporation; Grundfos; Sulzer AG; The Weir Group PLC; Tsurumi Manufacturing Co. Ltd.; Ingeroll-Rand PLC; Sumitomo Heavy Industries Ltd.; Kirloskar Brothers Ltd.; Flowserve Corporation; WILO SE |
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Why are Sales of Submersible Pumps Increasing at a Fast Rate?
“IoT-enabled Submersible Pumps Redefining Concept of Pump Operations”
The introduction of the Internet of Things (IoT) and other innovative technologies is contributing to the growth of the market for submersible pumps. IoT-enabled submersible pumps can monitor and operate the pumping systems in real time, which improves their efficiency, dependability, and performance.
Adoption of digital technologies such as machine learning (ML) and artificial intelligence (AI) is improving pump performance and enabling predictive maintenance. During the anticipated period, demand for submersible pumps is expected to rise due to their cutting-edge features such as variable speeds, remote monitoring, and ease of maintenance.
“Growing Rate of Power Plant Projects and Water & Wastewater Facilities”
Investments in the construction sector are essential for the development of local and national economies. In the coming ten years, it is anticipated that spending on infrastructure and capital projects will increase dramatically across several regions of the globe.
Several Asia Pacific countries including India, China, Indonesia, and others are heavily investing in the development of their infrastructure. Furthermore, rising urbanization in emerging economies is anticipated to spur investment in key industries such as power and water & wastewater treatment, which will subsequently fuel the demand for solar submersible pumps.
- According to a United Nations study, 40.76% of India's population is expected live in urban areas by 2030.
- India is expected to lead the increase in urban population worldwide by 2050, followed by China, Indonesia, Nigeria, and the United States, according to the World Bank.
“Water Scarcity Concerns Prompting Adoption of Smart Water Systems”
Governments worldwide are becoming increasingly concerned about water scarcity.
- A UNICEF report states that four billion people, or over two-thirds of the global population, experience at least one month without access to adequate water supplies. More than 2 billion people reside in countries with insufficient supply of water. According to the same source, by 2025, half of the global population might be living in countries with a lack of water.
This is increasing the adoption rate of smart water systems. To reduce water waste and save expenses, manufacturing industries, and chemical-based companies are implementing smart water management strategies. Furthermore, smart water technologies are consistently assisting businesses in identifying network issues and improving consumer involvement in water conservation. In light of this, the introduction of smart water management systems is driving up submersible pump sales globally.
Which Aspects are Challenging Submersible Pump Manufacturers’ Revenue Growth?
“Troubleshooting Woes - High Cost of Dealing with Submersible Motor Failures”
When used within the temperature, hydraulic stress, and power requirements of their design parameters, submersible pump motors are extremely trustworthy. These motors are well suited for use in common agricultural, household, and municipal systems.
Unintentionally, submersible pump motors are frequently used in situations that go beyond their intended function. Failures occur as a result, and the benefits of submersible motors are forgotten or quickly lost.
The primary causes of high-temperature harm to submersible motors are loss of cooling flow through the motor, pumping hot water, overloading, and scale accumulation. Such failures are expensive to troubleshoot, and the need for repairs and replacements shortens the pump's lifespan. Thus, the malfunction of pump motors and the related expense of troubleshooting are hampering the submersible pump sales growth.
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Which Key Factors are Expected to Aid New Companies to Gain in This Space?
“Introduction of Advanced Technologies and Growing Demand from Emerging Economies”
Demand for submersible pumps is growing in various sectors, including agriculture, oil and gas, and wastewater treatment. Newcomers can capitalize on this growth by developing innovative submersible pumps that meet the needs of these industries.
There is a growing focus on energy efficiency in the submersible pumps, driven by rising energy costs and environmental concerns. New entrants can develop pumps that are more energy efficient, helping customers reduce their operating costs and meet sustainability goals.
Emerging markets in Asia, Africa, and South America are expected to see significant growth in demand for submersible pumps due to increasing urbanization and infrastructural development. New companies can expand into these markets and tap into new sources of revenue.
The market for submersible pumps is also seeing significant technological advancements, including the use of sensors and remote monitoring systems. Start-up companies can develop products that incorporate these technologies, offering customers greater control and visibility over their pumps.
Country-wise Analysis
What are the Growth Prospects for Manufacturers of Submersible Pumps in the United States?
“High Shale Exploration Driving Submersible Pump Sales”
Demand for submersible pumps is expected to increase at a CAGR of 7.2% during the forecast period in the United States. Due to increasing shale reserve exploration and oil and gas projects, the United States is anticipated to hold a major position in the global market for submersible pumps over the forecast period.
The implementation of strict wastewater treatment regulations to aid in the recovery of the mining and oil and gas industries, the increasing prominence of the construction sector, and the overall growth of industrial infrastructure are some of the factors driving the sales of submersible pumps in the United States.
- The Flygt N3069 stainless steel submersible pump was introduced in 2019 by Xylem Inc. It was created to address the most difficult pumping problems in intricate industrial applications. Agriculture, hydrocarbon extraction, aquaculture, and wastewater treatment are a few of these. The pump is specially designed to provide enhanced resistance to corrosion and exceptional pumping efficacy for industrial applications involving high chloride or extreme pH values.
Why is Demand for Submersible Pumps High in Germany?
“Germany's Stringent Water Laws Boosting Submersible Pump Sales”
Germany currently boasts Europe's highest rate of wastewater recycling and reprocessing. The market for submersible pumps in Germany is predicted to reach US$ 1.69 billion by 2033.
- According to Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection (BMUV), more than 96% of wastewater from private residences or public spaces is dumped into treatment plants close for processing. The country produces more than 5 billion cubic meters of wastewater annually from private houses, industry, and commerce.
- According to the Federal Water Act (WHG) of the country, it is illegal for families and businesses in Germany to discharge wastewater into water bodies unless the pollutant load is kept to the lowest level possible by treating it with the most cutting-edge purification equipment.
In the long run, this is anticipated to attract a sizable number of submersible pump producers to the country.
What is the Demand Outlook for Submersible Pumps in Japan?
“Energy-efficient Excellence - Japanese Market Players Introducing Advanced Submersible Pumps”
Japan is a highly developed country with advanced technological infrastructure, making it a lucrative marketplace for submersible pump manufacturers. Sales of submersible pumps in Japan are expected to expand at a CAGR of 7.1% from 2023 to 2033.
Several market players in Japan are investing in research and development activities to introduce innovative and energy-efficient submersible pumps.
- Recently, Tsurumi Manufacturing Co., Ltd., one of the leading manufacturers of submersible pumps in Japan, has introduced a new range of submersible pumps, such as the 75S model, AVANT™ Series, and more, that offer high durability, unique cooling systems, low power consumption, and easy maintenance.
- Similarly, Ebara Corporation has developed a new series of submersible pumps that are designed to be used in harsh environments and are suitable for various applications.
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Category-wise Analysis
Who is the Leading End User of Submersible Pumps?
“Submersible Pumps Essential Component in Oil & Gas Producing Facilities”
Demand for submersible pumps in the oil and gas industry is expected to increase at a CAGR of 7.7% during the forecast period.
The oil & gas sector requires submersible pumps for various operations such as drilling, oil production, and transportation. Submersible oil and gas pumps are designed to handle high-pressure and high-temperature conditions and can operate efficiently in harsh and corrosive environments.
During the drilling of oil and gas wells, a heavy-duty submersible pump is employed. It is capable of handling large quantities of solids. To maximize output after the decline in natural drives, more than 90% of the oil wells in the globe today employ an artificial lift.
The United States presently dominates the oil & gas production market by utilizing its shale reserves and serving as one of the significant markets for artificial lift. Wastewater production increases as a result of the growing mining of shale reserves. Submersible pumps, which are used to pump effluent from these fields, are anticipated to experience a significant increase in demand as a result.
Competitive Landscape
Key players in the submersible pumps market are concentrating on meeting the needs of a particular demographic. With a strong focus on innovations, the manufacturers enjoy strong partnerships over every phase of the value chain. To meet the demands of a growing clientele, manufacturers are working to strategically collaborate with users and regional distributors.
- The AmaDrainer 3 type series, the newest iteration of the KSB Group's durable submersible grey water pumps, was introduced in May 2021. The firm created these new pumps, which come in four sizes, in response to consumer requests for a more manageable and portable design.
Key Segments of Submersible Pumps Industry Research
-
By Product :
- Borewell Submersible Pumps
- Non-clog Submersible Pumps
- Open Well Submersible Pumps
-
By Head Type :
- Below 50 mm
- 50 to 100 mm
- Above 100 mm
-
By Application :
- Agriculture
- Construction
- Water & Wastewater Treatment
- Oil & Gas
- Fire Fighting
- Mining
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Risks & Trends Assessment
- 4. Key Market Trends
- 5. Key Success Factors
- 6. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 7. Global Market - Pricing Analysis
- 8. Global Market Demand (US$ Mn) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 9. Market Background
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Product
- 10.1. Borewell
- 10.2. Non-Clog
- 10.3. Openwell
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Head Type
- 11.1. Below 50 mm
- 11.2. 50-100 mm
- 11.3. Above 100 mm
- 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application
- 12.1. Agriculture
- 12.2. Construction
- 12.3. Fire Fighting
- 12.4. Water & Wastewater
- 12.5. Mining
- 12.6. Oil & Gas
- 12.7. Other Industrial
- 13. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 13.1. North America
- 13.2. Latin America
- 13.3. Europe
- 13.4. East Asia
- 13.5. South Asia & Oceania
- 13.6. Middle East & Africa (MEA)
- 14. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. South Asia & Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. Middle East & Africa (MEA) Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 20. Key Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 21. Market Structure Analysis
- 22. Competition Analysis
- 22.1. Kubota Corporation
- 22.2. Wacker Neuson Group
- 22.3. Atlas Copco Group
- 22.4. KSB SE & Co. KGaA
- 22.5. Xylem Inc.
- 22.6. Ebara Corporation
- 22.7. Grundfos
- 22.8. Sulzer AG
- 22.9. The Weir Group PLC
- 22.10. Tsurumi Manufacturing Co., Ltd.
- 22.11. Ingersoll-Rand plc
- 22.12. Kirloskar Brothers Ltd.
- 22.13. Sumitomo Heavy Industries, Ltd.
- 22.14. Flowserve Corporation
- 22.15. WILO SE
- 23. Assumptions and Acronyms Used
- 24. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2018 to 2022
Table 2: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2023 to 2033
Table 3: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Head Type, 2018 to 2022
Table 4: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Head Type, 2023 to 2033
Table 5: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2018 to 2022
Table 6: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2023 to 2033
Table 7: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Region, 2018 to 2022
Table 8: Global Market Value (US$ Mn) and Volume (Units) Analysis, by Region, 2023 to 2033
Table 9: Global Market Value Y-o-Y Growth, 2018 to 2033
Table 10: Global Market Volume Y-o-Y Growth, 2018 to 2033
Table 11: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2018 to 2022
Table 12: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2023 to 2033
Table 13: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2018 to 2022
Table 14: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2023 to 2033
Table 15: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Head Type, 2018 to 2022
Table 16: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Head Type, 2023 to 2033
Table 17: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2018 to 2022
Table 18: North America Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2023 to 2033
Table 19: North America Market Value Y-o-Y Growth, 2018 to 2033
Table 20: North America Market Volume Y-o-Y Growth, 2018 to 2033
Table 21: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2018 to 2022
Table 22: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2023 to 2033
Table 23: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2018 to 2022
Table 24: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2023 to 2033
Table 25: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Head Type, 2018 to 2022
Table 26: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Head Type, 2023 to 2033
Table 27: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2018 to 2022
Table 28: Latin America Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2023 to 2033
Table 29: Latin America Market Value Y-o-Y Growth, 2018 to 2033
Table 30: Latin America Market Volume Y-o-Y Growth, 2018 to 2033
Table 31: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2018 to 2022
Table 32: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2023 to 2033
Table 33: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2018 to 2022
Table 34: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2023 to 2033
Table 35: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Head Type, 2018 to 2022
Table 36: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Head Type, 2023 to 2033
Table 37: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2018 to 2022
Table 38: Europe Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2023 to 2033
Table 39: Europe Market Value Y-o-Y Growth, 2018 to 2033
Table 40: Europe Market Volume Y-o-Y Growth, 2018 to 2033
Table 41: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2018 to 2022
Table 42: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2023 to 2033
Table 43: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2018 to 2022
Table 44: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2023 to 2033
Table 45: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Head Type, 2018 to 2022
Table 46: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Head Type, 2023 to 2033
Table 47: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2018 to 2022
Table 48: East Asia Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2023 to 2033
Table 49: East Asia Market Value Y-o-Y Growth, 2018 to 2033
Table 50: East Asia Market Volume Y-o-Y Growth, 2018 to 2033
Table 51: South Asia & Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2018 to 2022
Table 52: South Asia & Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2023 to 2033
Table 53: South Asia & Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2018 to 2022
Table 54: South Asia & Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2023 to 2033
Table 55: South Asia & Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Head Type, 2018 to 2022
Table 56: South Asia & Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Head Type, 2023 to 2033
Table 57: South Asia & Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2018 to 2022
Table 58: South Asia & Oceania Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2023 to 2033
Table 59: South Asia & Oceania Market Value Y-o-Y Growth, 2018 to 2033
Table 60: South Asia & Oceania Market Volume Y-o-Y Growth, 2018 to 2033
Table 61: MEA Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2018 to 2022
Table 62: MEA Market Value (US$ Mn) and Volume (Units) Analysis, by Country, 2023 to 2033
Table 63: MEA Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2018 to 2022
Table 64: MEA Market Value (US$ Mn) and Volume (Units) Analysis, by Product, 2023 to 2033
Table 65: MEA Market Value (US$ Mn) and Volume (Units) Analysis, by Head Type, 2018 to 2022
Table 66: MEA Market Value (US$ Mn) and Volume (Units) Analysis, by Head Type, 2023 to 2033
Table 67: MEA Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2018 to 2022
Table 68: MEA Market Value (US$ Mn) and Volume (Units) Analysis, by Application, 2023 to 2033
Table 69: MEA Market Value Y-o-Y Growth, 2018 to 2033
Table 70: MEA Market Volume Y-o-Y Growth, 2018 to 2033
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List Of Figures
Figure 1: Global Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2018 to 2022
Figure 2: Global Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2023 to 2033
Figure 3: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2030
Figure 4: Global Market Incremental $ Opportunity, 2023 to 2033
Figure 5: Global Market Share and BPS Analysis by Product, 2023 & 2033
Figure 6: Global Market Y-o-Y Growth Projections by Product, 2023 to 2033
Figure 7: Global Market Attractiveness Analysis by Product, 2023 to 2033
Figure 8: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Borewell, 2018 to 2033
Figure 9: Global Market Incremental $ Opportunity by Borewell, 2023 to 2033
Figure 10: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Non-Clog, 2018 to 2033
Figure 11: Global Market Incremental $ Opportunity by Non-Clog, 2023 to 2033
Figure 12: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Openwell, 2018 to 2033
Figure 13: Global Market Incremental $ Opportunity by Openwell, 2023 to 2033
Figure 14: Global Market Share and BPS Analysis by Head Type, 2023 & 2033
Figure 15: Global Market Y-o-Y Growth Projections by Head Type, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Head Type, 2023 to 2033
Figure 17: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Below 50 mm, 2018 to 2033
Figure 18: Global Market Incremental $ Opportunity by Below 50 mm, 2023 to 2033
Figure 19: Global Market Value (US$ Mn), Volume (Unit) and Forecast by 50-100 mm, 2018 to 2033
Figure 20: Global Market Incremental $ Opportunity by 50-100 mm, 2023 to 2033
Figure 21: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Above 100 mm, 2018 to 2033
Figure 22: Global Market Incremental $ Opportunity by Above 100 mm, 2023 to 2033
Figure 23: Global Market Share and BPS Analysis by Application, 2023 & 2033
Figure 24: Global Market Y-o-Y Growth Projections by Application, 2023 to 2033
Figure 25: Global Market Attractiveness Analysis by Application, 2023 to 2033
Figure 26: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Agriculture, 2018 to 2033
Figure 27: Global Market Incremental $ Opportunity by Agriculture, 2023 to 2033
Figure 28: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Construction, 2018 to 2033
Figure 29: Global Market Incremental $ Opportunity by Construction, 2023 to 2033
Figure 30: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Fire Fighting, 2018 to 2033
Figure 31: Global Market Incremental $ Opportunity by Fire Fighting, 2023 to 2033
Figure 32: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Water & Waste Water, 2018 to 2033
Figure 33: Global Market Incremental $ Opportunity by Water & Waste Water, 2023 to 2033
Figure 34: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Mining, 2018 to 2033
Figure 35: Global Market Incremental $ Opportunity by Mining, 2023 to 2033
Figure 36: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Oil & Gas, 2018 to 2033
Figure 37: Global Market Incremental $ Opportunity by Oil & Gas, 2023 to 2033
Figure 38: Global Market Value (US$ Mn), Volume (Unit) and Forecast by Other Industrial, 2018 to 2033
Figure 39: Global Market Incremental $ Opportunity by Other Industrial, 2023 to 2033
Figure 40: Global Market Share and BPS Analysis by Region, 2023 & 2033
Figure 41: Global Market Y-o-Y Growth Projections by Region, 2023 to 2033
Figure 42: Global Market Attractiveness Index by Region, 2023 to 2033
Figure 43: North America Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2018 to 2022
Figure 44: North America Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2023 to 2033
Figure 45: North America Market Share Analysis by Country, 2023 & 2033
Figure 46: North America Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 47: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 48: North America Market Share Analysis by Product, 2023 & 2033
Figure 49: North America Market Y-o-Y Growth Projection by Product, 2023 to 2033
Figure 50: North America Market Attractiveness Analysis by Product, 2023 to 2033
Figure 51: North America Market Share Analysis by Head Type, 2023 & 2033
Figure 52: North America Market Y-o-Y Growth Projection by Head Type, 2023 to 2033
Figure 53: North America Market Attractiveness Analysis by Head Type, 2023 to 2033
Figure 54: North America Market Share Analysis by Application, 2023 & 2033
Figure 55: North America Market Y-o-Y Growth Projection by Application, 2023 to 2033
Figure 56: North America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 57: Latin America Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2018 to 2022
Figure 58: Latin America Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2023 to 2033
Figure 59: Latin America Market Share Analysis by Country, 2023 & 2033
Figure 60: Latin America Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 61: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 62: Latin America Market Share Analysis by Product, 2023 & 2033
Figure 63: Latin America Market Y-o-Y Growth Projection by Product, 2023 to 2033
Figure 64: Latin America Market Attractiveness Analysis by Product, 2023 to 2033
Figure 65: Latin America Market Share Analysis by Head Type, 2023 & 2033
Figure 66: Latin America Market Y-o-Y Growth Projection by Head Type, 2023 to 2033
Figure 67: Latin America Market Attractiveness Analysis by Head Type, 2023 to 2033
Figure 68: Latin America Market Share Analysis by Application, 2023 & 2033
Figure 69: Latin America Market Y-o-Y Growth Projection by Application, 2023 to 2033
Figure 70: Latin America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 71: Europe Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2018 to 2022
Figure 72: Europe Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2023 to 2033
Figure 73: Europe Market Share Analysis by Country, 2023 & 2033
Figure 74: Europe Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 75: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 76: Europe Market Share Analysis by Product, 2023 & 2033
Figure 77: Europe Market Y-o-Y Growth Projection by Product, 2023 to 2033
Figure 78: Europe Market Attractiveness Analysis by Product, 2023 to 2033
Figure 79: Europe Market Share Analysis by Head Type, 2023 & 2033
Figure 80: Europe Market Y-o-Y Growth Projection by Head Type, 2023 to 2033
Figure 81: Europe Market Attractiveness Analysis by Head Type, 2023 to 2033
Figure 82: Europe Market Share Analysis by Application, 2023 & 2033
Figure 83: Europe Market Y-o-Y Growth Projection by Application, 2023 to 2033
Figure 84: Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 85: East Asia Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2018 to 2022
Figure 86: East Asia Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2023 to 2033
Figure 87: East Asia Market Share Analysis by Country, 2023 & 2033
Figure 88: East Asia Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 89: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 90: East Asia Market Share Analysis by Product, 2023 & 2033
Figure 91: East Asia Market Y-o-Y Growth Projection by Product, 2023 to 2033
Figure 92: East Asia Market Attractiveness Analysis by Product, 2023 to 2033
Figure 93: East Asia Market Share Analysis by Head Type, 2023 & 2033
Figure 94: East Asia Market Y-o-Y Growth Projection by Head Type, 2023 to 2033
Figure 95: East Asia Market Attractiveness Analysis by Head Type, 2023 to 2033
Figure 96: East Asia Market Share Analysis by Application, 2023 & 2033
Figure 97: East Asia Market Y-o-Y Growth Projection by Application, 2023 to 2033
Figure 98: East Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 99: South Asia & Oceania Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2018 to 2022
Figure 100: South Asia & Oceania Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2023 to 2033
Figure 101: South Asia & Oceania Market Share Analysis by Country, 2023 & 2033
Figure 102: South Asia & Oceania Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 103: South Asia & Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 104: South Asia & Oceania Market Share Analysis by Product, 2023 & 2033
Figure 105: South Asia & Oceania Market Y-o-Y Growth Projection by Product, 2023 to 2033
Figure 106: South Asia & Oceania Market Attractiveness Analysis by Product, 2023 to 2033
Figure 107: South Asia & Oceania Market Share Analysis by Head Type, 2023 & 2033
Figure 108: South Asia & Oceania Market Y-o-Y Growth Projection by Head Type, 2023 to 2033
Figure 109: South Asia & Oceania Market Attractiveness Analysis by Head Type, 2023 to 2033
Figure 110: South Asia & Oceania Market Share Analysis by Application, 2023 & 2033
Figure 111: South Asia & Oceania Market Y-o-Y Growth Projection by Application, 2023 to 2033
Figure 112: South Asia & Oceania Market Attractiveness Analysis by Application, 2023 to 2033
Figure 113: MEA Market Value (US$ Mn), Volume (Unit) Historical Analysis, 2018 to 2022
Figure 114: MEA Market Value (US$ Mn), Volume (Unit) Forecast and Analysis, 2023 to 2033
Figure 115: MEA Market Share Analysis by Country, 2023 & 2033
Figure 116: MEA Market Y-o-Y Growth Projection by Country, 2023 to 2033
Figure 117: MEA Market Attractiveness Analysis by Country, 2023 to 2033
Figure 118: MEA Market Share Analysis by Product, 2023 & 2033
Figure 119: MEA Market Y-o-Y Growth Projection by Product, 2023 to 2033
Figure 120: MEA Market Attractiveness Analysis by Product, 2023 to 2033
Figure 121: MEA Market Share Analysis by Head Type, 2023 & 2033
Figure 122: MEA Market Y-o-Y Growth Projection by Head Type, 2023 to 2033
Figure 123: MEA Market Attractiveness Analysis by Head Type, 2023 to 2033
Figure 124: MEA Market Share Analysis by Application, 2023 & 2033
Figure 125: MEA Market Y-o-Y Growth Projection by Application, 2023 to 2033
Figure 126: MEA Market Attractiveness Analysis by Application, 2023 to 2033
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- FAQs -
What is the current size of the submersible pumps market?
The global submersible pumps market is valued at US$ 14.27 billion in 2023.
What is the expected market value for submersible pumps by 2033?
The market for submersible pumps is projected to reach US$ 27.3 billion by 2033.
What is the estimated CAGR of the global market for the decade?
Global demand for submersible pumps is predicted to increase at a CAGR of 6.7% between 2023 and 2033.
What are the major drivers of the submersible pumps market?
Increasing use in farming, wastewater treatment, and oil & gas sectors is driving the sales of submersible pumps
Which is the dominant regional market in this space?
With the presence of emerging countries such as India, China, and Indonesia, Asia Pacific holds a major position in the global market.
Submersible Pumps Market