Borehole Pumps Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented, By Type (Multistage, Single-Stage), By Application (Agriculture, Oil & Gas), By Head (Below 50 m, Between 50 m to 100 m, Above 100 m), By Region & Competition, 2020-2030F

Market Overview

The Borehole Pumps Market was valued at USD 4.65 Billion in 2024 and is expected to reach USD 7.00 Billion by 2030 with a CAGR of 6.90%. The borehole pumps market encompasses the global industry involved in the design, production, distribution, and servicing of pumps that are specifically engineered to extract water or other fluids from deep underground sources, typically through drilled boreholes or wells. These pumps are primarily utilized in applications such as agriculture irrigation, municipal water supply, industrial operations, mining, and residential water systems. Borehole pumps are commonly submersible or line-shaft types, designed to operate efficiently under high-pressure conditions and at significant depths, often ranging from 25 meters to several hundred meters.

The market is segmented based on factors such as pump type (submersible borehole pumps and non-submersible borehole pumps), power rating, head and flow rate, material composition, application, and end-user industry. Rapid urbanization, increasing demand for clean and potable water, growing agricultural activities in water-scarce regions, and rising investments in water infrastructure projects are key drivers of market growth. Additionally, the need for reliable and energy-efficient water extraction solutions has led to significant advancements in pump technologies, including the integration of smart monitoring systems, solar-powered variants, and corrosion-resistant materials to enhance performance and reduce maintenance costs.

The borehole pumps market is also witnessing a shift toward renewable energy-powered pumps, particularly in off-grid rural and agricultural regions, due to the rising emphasis on sustainability and energy conservation. Moreover, water stress and depletion of surface water sources are prompting governments and private stakeholders to explore deeper groundwater resources, thereby fueling demand for high-performance borehole pumping systems. On the supply side, the market features a mix of global manufacturers, regional players, and specialized firms offering tailored solutions to meet diverse geological and operational requirements. Distribution channels range from direct sales and e-commerce platforms to third-party suppliers and installation contractors.

Key Market Drivers

Rising Global Demand for Groundwater in Agricultural Irrigation

One of the most significant drivers fueling the growth of the borehole pumps market is the increasing global reliance on groundwater for agricultural irrigation. With global population growth accelerating and food security becoming a critical concern, the demand for irrigated agriculture continues to soar. Borehole pumps serve as essential infrastructure in drawing groundwater from deep wells, especially in regions where surface water resources are limited or seasonal. Many countries in Asia, Africa, and Latin America heavily depend on groundwater for farming activities, and borehole pumps offer a reliable solution to access water during dry seasons or drought conditions. Technological advancements in pump design have also contributed to greater energy efficiency and durability, making them more attractive to large-scale and smallholder farmers alike.

In India, for example, over 60% of irrigation needs are met through groundwater extraction, supported by millions of installed borehole pumps, primarily powered by diesel or electricity. As governments introduce subsidies, low-interest loans, and rural electrification programs to support agricultural modernization, the adoption of borehole pumps is expected to rise. Moreover, in water-stressed nations, climate variability has further pressured stakeholders to invest in sustainable and dependable water extraction systems. Borehole pumps also allow farmers to manage irrigation timing and volume more precisely, which improves crop yields and resource efficiency.

The expansion of solar-powered borehole pumps is another key trend, enabling off-grid and environmentally conscious irrigation solutions in remote regions. Multilateral development agencies and NGOs have also been active in promoting borehole pump adoption by funding water projects that benefit small-scale farmers. As the agriculture sector continues to evolve to meet growing global food demands, the need for efficient and scalable water extraction technologies will remain a key driver, positioning borehole pumps as an indispensable tool in the agricultural value chain. Over 40% of global irrigation water comes from groundwater sources, making it a critical resource for food production worldwide. Agriculture accounts for approximately 70% of all freshwater withdrawals globally, with groundwater providing a significant share, especially in arid and semi-arid regions. Around 1 billion people depend on groundwater-irrigated agriculture for food security and livelihoods, particularly in regions like South Asia, North Africa, and parts of the United States and China. The area of land irrigated using groundwater has expanded by over 20% in the past two decades, reflecting growing reliance on underground water amid increasing climate variability and surface water scarcity.

Expanding Rural Water Supply Infrastructure in Emerging Economies

The rapid development of rural water supply infrastructure in emerging economies represents a major driver for the borehole pumps market. Many countries across Africa, Southeast Asia, and Latin America face challenges in delivering clean and reliable water to remote and underserved communities. Borehole pumps have emerged as a practical and cost-effective solution to tap underground water sources and deliver potable water to these populations. Governments and international organizations are investing heavily in rural water projects aimed at improving public health, reducing water-borne diseases, and enhancing overall living standards. For instance, the African Development Bank and the World Bank have committed substantial resources to fund borehole drilling and pump installation projects across sub-Saharan Africa.

These initiatives often focus on installing solar-powered or hybrid pump systems to ensure long-term sustainability and reduce dependence on erratic grid power. The implementation of decentralized water systems using borehole pumps is seen as a way to bridge the urban-rural divide in water access. Furthermore, the United Nations Sustainable Development Goal 6 – ensuring availability and sustainable management of water and sanitation for all – is prompting national governments to adopt borehole pumps as part of their strategic planning. Countries like Ethiopia, Nigeria, Bangladesh, and Indonesia are witnessing increasing adoption of borehole pumps as part of community-level water management systems.

The growing support from NGOs, donor agencies, and private sector stakeholders to improve access to safe drinking water is expected to sustain long-term demand. Additionally, the use of smart and remote-monitoring technologies is making it easier for agencies to track water usage and system health, further promoting confidence in borehole pump infrastructure. As global focus intensifies on inclusive and resilient water supply frameworks, borehole pumps are poised to remain at the forefront of rural water infrastructure development. Groundwater depletion is accelerating in major farming zones, with some aquifers experiencing declines of 1 to 3 meters per year, raising concerns about long-term sustainability. As climate change leads to more erratic rainfall, the demand for groundwater in agriculture is expected to increase by up to 30% by 2040, particularly in water-stressed regions.

Technological Advancements and the Rise of Solar-Powered Borehole Pumps

Technological innovation, particularly the integration of renewable energy, is a powerful driver accelerating the growth of the borehole pumps market. Traditional borehole pumps, often powered by diesel generators or electricity from unreliable grids, are increasingly being replaced by solar-powered systems that offer greater efficiency, lower operational costs, and improved sustainability. The global push toward decarbonization and clean energy adoption has catalyzed the development of solar-powered borehole pumps, making them more accessible and affordable for agricultural, residential, and community water supply applications.

Innovations in photovoltaic technology, combined with falling solar panel prices and improvements in battery storage, have significantly lowered the total cost of ownership for solar pumping systems. These systems are especially beneficial in off-grid and remote areas where conventional energy infrastructure is absent or cost-prohibitive. Furthermore, the integration of Internet of Things (IoT) technologies and smart controllers in borehole pumps allows for real-time monitoring, predictive maintenance, and optimized performance, which enhances reliability and user confidence. Companies are increasingly offering turnkey solar pump kits that are easy to install, maintain, and scale.

Government incentives, such as subsidies and tax breaks for solar energy systems, are further encouraging adoption. In India, for instance, the PM-KUSUM scheme aims to install millions of solar water pumps for farmers to reduce diesel dependency and lower carbon emissions. Similarly, countries in sub-Saharan Africa are benefiting from donor-funded initiatives that promote the use of solar borehole pumps to meet rural water needs. These technological advancements are not only helping end-users reduce operating costs but also contributing to climate resilience by promoting sustainable groundwater management practices. As innovation continues to enhance the efficiency, intelligence, and adaptability of borehole pumps, the market is expected to see robust growth driven by the convergence of renewable energy and water infrastructure needs.

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Key Market Challenges

High Operational and Maintenance Costs in Remote and Underdeveloped Regions

One of the most significant challenges facing the borehole pumps market is the high operational and maintenance costs, particularly in remote or underdeveloped regions where water infrastructure is limited or non-existent. Borehole pumps, while effective in drawing groundwater, often require substantial energy to operate, especially in deep well applications. This leads to increased dependence on costly diesel generators or unreliable grid electricity in off-grid areas, drastically raising operational expenses. Furthermore, in regions with poor accessibility, routine maintenance becomes a logistical challenge, involving the transport of specialized technicians and spare parts, which adds further cost and delay to service operations.

The technical complexity of submersible borehole pumps, especially those integrated with variable frequency drives (VFDs), demands skilled labor for installation, repair, and calibration—resources that are scarce in rural or economically challenged zones. Additionally, groundwater often carries sediments or corrosive minerals, leading to frequent wear and tear of pump components such as impellers, shafts, and seals. This accelerates equipment degradation and necessitates regular servicing or replacements, increasing the total cost of ownership for end-users. These factors collectively deter adoption in price-sensitive markets, particularly in agriculture, where smallholder farmers struggle to afford the upfront and recurring costs associated with borehole pump systems. Furthermore, lack of financial support or government subsidies in many developing nations exacerbates this challenge, as there are few mechanisms to mitigate the cost burden on users.

The long payback period associated with borehole pump investments—especially when compared to alternative, low-tech water extraction methods—also affects demand growth. While technological innovations such as solar-powered borehole pumps are emerging to address operational cost concerns, they come with high capital expenditures that offset their benefits in many cases. As a result, potential users often delay or abandon borehole projects altogether. From a supplier’s perspective, providing comprehensive after-sales service across geographically dispersed regions becomes both logistically complex and financially unviable, limiting their ability to scale operations. All these elements create a multifaceted challenge that hinders the widespread penetration of borehole pumps in key emerging markets, ultimately stifling the growth potential of the global market.

Groundwater Depletion and Regulatory Constraints Impacting Long-Term Demand

Another pressing challenge facing the borehole pumps market is the increasing depletion of groundwater resources and the growing imposition of regulatory restrictions on groundwater extraction, both of which have serious implications for long-term market demand. Excessive and unregulated use of borehole pumps in agriculture, industry, and domestic sectors has led to the overexploitation of aquifers in several regions worldwide, resulting in falling water tables and deteriorating groundwater quality. In areas like India, California, parts of the Middle East, and North Africa, the overuse of borehole pumps has contributed significantly to ecological imbalances, such as land subsidence, declining crop yields, and loss of biodiversity. As a result, governments and environmental bodies have begun to introduce stricter regulations and licensing requirements to control groundwater extraction, which directly impacts the installation of new borehole pumps and the renewal of existing systems.

These restrictions often include caps on the depth and volume of water extraction, mandates for water metering, and even outright bans in critical zones. Such regulatory frameworks discourage both private and public sector investments in new borehole pump installations, thereby slowing market growth. Moreover, the cost and complexity of obtaining environmental clearances or legal permits further delay project timelines and add uncertainty to investment decisions. In many cases, landowners are hesitant to invest in borehole pumps due to fears of future regulatory changes that could render their installations illegal or economically unviable. Additionally, growing public awareness and activism regarding water conservation have prompted businesses and agricultural producers to seek alternative water sourcing methods, such as rainwater harvesting or recycled water systems, reducing the dependency on borehole pumps.

The emergence of smart irrigation and water-efficient technologies has further intensified this shift. On the industrial side, sectors such as mining and manufacturing are increasingly under scrutiny for their water usage, prompting them to reconsider long-term borehole pump utilization. This changing regulatory and environmental landscape creates a volatile operating environment for borehole pump manufacturers, who must now balance market opportunities with sustainability concerns and compliance costs. As a result, future growth in the borehole pumps market may be limited not by technological capabilities or product innovation, but by the finite and politically sensitive nature of the resource it is designed to access—groundwater.

Key Market Trends

Rapid Asia‑Pacific Expansion Driven by Agriculture, Urbanization & Smart Pump Adoption

The Asia‑Pacific region is experiencing exceptional growth within the borehole pump market, fueled by converging macroeconomic and demographic forces—specifically rapid urbanization, ever-increasing agricultural needs, and governmental investments in water infrastructure. Nations like India, China, and Indonesia are witnessing surging demand for water extracted from underground sources for irrigation, drinking supply, and mining applications, with Asia-Pacific accounting for roughly 35–40% of global share and projected to grow at a compound annual growth rate (CAGR) of approximately 6.8–8% in the coming years.

Population expansion is intensifying pressure on water resources: UN data forecasts India’s urban population will reach 40.76% by 2030, amplifying urban water demand. Governments are responding with initiatives like India's Jal Jeevan Mission and others targeting groundwater management and rural water access, boosting demand for borehole solutions. Against this backdrop, manufacturers are innovating energy-efficient and smart pump systems—integrating IoT-enabled sensors, remote monitoring, and solar hybrid options—to meet sustainability goals and optimize operations. The convergence of rising per-square-kilometer water demand, technological innovation, and supportive policy frameworks underpins the strategic importance of APAC markets, positioning the region as both the largest and fastest-growing segment globally, while also setting a benchmark for future investment in smart agricultural water systems.

Accelerating Shift Towards Digitalization, Predictive Maintenance & IoT Integration

The borehole pump market is undergoing a marked transition from traditional mechanical systems toward digitally-enabled, connected “smart pump” ecosystems. IoT integration is now enabling sensors embedded within pumps to continuously monitor key performance metrics—such as vibration, temperature, flow rate, and pressure—feeding data into cloud platforms or SCADA networks for real-time analytics. This digitalization is enabling early-stage detection of malfunction, preventing costly breakdowns, and delivering up to 30% reductions in maintenance costs through predictive maintenance and reduced downtime. Manufacturers and end-users are also leveraging advancements in materials (e.g., ceramic coatings, corrosion-resistant alloys, advanced composites) to boost pump longevity, reduce wear-and-tear, and lower lifecycle costs.

Such digital and material advances are increasingly essential as borehole pump systems are deployed in mission-critical applications—including remote agriculture, deep well extraction, and commercial water treatment—where uptime is paramount. Strategic uptake of digital control systems, often complemented by AI-based analytics, is not just enhancing field reliability but also enabling service providers to offer new “pump-as-a-service” leasing models and performance-based contracts. This digital push supports sustainability agendas by optimizing energy efficiency and extending asset life, while bringing predictable O&M budgeting—reshaping the competitive landscape and raising market entry thresholds for incumbents and challengers alike.

Rising Demand for Multi‑Stage & High‑Pressure Pumps in Industrial, Mining & Offshore Applications

Beyond agriculture and residential use, the borehole pump market is increasingly strategic in industrial, mining, and offshore settings where high-pressure and large volume extraction are essential. The multi-stage pump segment—capable of generating higher heads and handling larger volumes—has emerged as the fastest-growing category and now commands substantial market share, reflecting heightened demand in deep-mining, groundwater abstraction, and complex oil-sector use-cases.

 Particularly notable is the escalation in offshore adoption, where drilling and subsea extraction necessitate robust, corrosion-resistant, high-pressure pumps capable of operating in extreme environments—leveraging advanced materials and stringent performance specs. The mining sector is also ramping up adoption due to expanding exploration and dewatering needs in regions like Asia-Pacific and Latin America. Allied sectors such as water utilities, chemical processing, and energy (including oil & gas and pulp & paper) are demanding industrial-grade borehole pump solutions capable of managing a range of fluids—sometimes abrasive or corrosive—prompting development of custom coatings and high-performance alloys. Regulatory tightening, sustainability mandates, and extreme deployment conditions (offshore and underground) are further fueling this structural shift toward high-capacity, multi-stage solutions engineered for resilience, efficiency, and compliance.

Segmental Insights

Type Insights

The Multistage segment held the largest Market share in 2024. The multistage segment is emerging as a key growth driver in the borehole pumps market due to its superior performance capabilities, rising demand across agricultural, industrial, and municipal applications, and the increasing need for efficient water management systems in water-scarce regions. Multistage borehole pumps are designed to deliver high pressure at consistent flow rates, making them highly suitable for deep well applications where water needs to be transported over long vertical distances. This is particularly crucial in agricultural irrigation, where deep wells are commonly used to access groundwater in regions with erratic rainfall or limited surface water availability.

The growing global emphasis on sustainable agriculture and food security has led to increased adoption of high-efficiency water pumping solutions, significantly boosting demand for multistage borehole pumps. Additionally, industrial sectors such as mining, construction, and oil & gas exploration increasingly rely on these pumps for dewatering, fluid transfer, and groundwater extraction, due to their robust design, energy efficiency, and ability to operate under extreme conditions. Municipalities and public utilities are also adopting multistage borehole pumps to address growing urban populations and rising water consumption, particularly in developing countries where infrastructure development is accelerating. Furthermore, advancements in pump technology—including the integration of smart monitoring systems, variable frequency drives (VFDs), and corrosion-resistant materials—have enhanced the operational reliability and lifespan of multistage borehole pumps, reducing maintenance costs and downtime.

This aligns with the broader market trend toward smart water management and infrastructure modernization. Government initiatives focused on improving rural water access and enhancing irrigation systems further contribute to the growing deployment of multistage borehole pumps, especially in regions such as Asia-Pacific, Africa, and Latin America. Moreover, the energy efficiency of multistage pumps plays a critical role in driving adoption, as stakeholders across industries seek to reduce energy consumption and operating expenses in line with global sustainability goals. The ongoing shift towards solar-powered and renewable energy-integrated borehole pump systems also complements the use of multistage designs, which are particularly compatible with low-voltage energy sources due to their modular structure and scalability.

In addition, the increased incidence of droughts and declining groundwater tables due to climate change is pushing both public and private sector stakeholders to invest in deeper borehole infrastructure, where multistage pumps are indispensable. As a result, pump manufacturers are ramping up production capacity, expanding product lines, and investing in R&D to meet rising global demand. These developments underscore the pivotal role of the multistage segment in shaping the future of the borehole pumps market, positioning it as a critical enabler of sustainable water supply solutions across multiple sectors.

Application Insights

The agriculture segment held the largest Market share in 2024. The agriculture segment serves as a significant driver for the borehole pumps market, primarily fueled by the growing global demand for efficient and sustainable irrigation solutions in water-scarce regions. With agriculture accounting for approximately 70% of global freshwater withdrawals, the need for reliable and continuous water supply systems has become increasingly critical. Borehole pumps offer a dependable solution for drawing groundwater, especially in rural and semi-urban areas where surface water is limited or seasonal.

The intensification of farming practices, spurred by the need to increase crop yields to support rising global food consumption, has led to a higher reliance on advanced irrigation infrastructure, thereby boosting the demand for borehole pumps. Technological advancements such as solar-powered borehole pumps are also transforming the agriculture sector by providing cost-effective and energy-efficient alternatives to traditional diesel or electric-powered systems, particularly in off-grid or remote farming locations. Moreover, the impact of climate change and irregular rainfall patterns has heightened the urgency for farmers to invest in groundwater extraction systems that ensure a stable water source throughout the year. Government initiatives and subsidies aimed at enhancing agricultural productivity and promoting sustainable water usage have further incentivized the adoption of borehole pumps.

For example, schemes promoting micro-irrigation and water conservation in countries like India, China, and several African nations have resulted in increased deployment of borehole pumps for agricultural use. Additionally, the rising awareness about food security and the push for modernized farming techniques in developing economies is encouraging small and medium-scale farmers to adopt borehole pumping systems for efficient water management. The integration of automation, remote monitoring, and real-time water level detection technologies in modern borehole pumps also enhances operational efficiency, which is particularly beneficial for large-scale agricultural operations. Furthermore, ongoing R&D efforts aimed at enhancing pump durability, efficiency, and maintenance capabilities are making borehole pumps more appealing to the agriculture sector.

The adaptability of these pumps to various soil types and water table depths adds to their versatility, further expanding their applicability across different geographies and crop types. As global populations continue to rise and arable land becomes more strained, the agriculture sector is expected to place increasing emphasis on technologies that ensure consistent irrigation and optimize resource utilization—making borehole pumps an indispensable component of modern agricultural infrastructure. Collectively, these factors are expected to drive sustained growth in the borehole pumps market within the agriculture segment, as farmers and agribusinesses worldwide seek efficient, resilient, and environmentally responsible water pumping solutions.

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Regional Insights

Largest Region

North America region held the largest market share in 2024. The Borehole Pumps Market in the North America region is experiencing significant growth, primarily driven by the rising demand for reliable water extraction systems in residential, agricultural, and industrial sectors. A key factor propelling this demand is the increasing stress on existing freshwater resources due to population growth, urbanization, and climate change, which has led to a heightened reliance on groundwater sources. Borehole pumps, known for their efficiency in drawing water from deep aquifers, have become essential in addressing water scarcity issues, especially in drought-prone areas such as the western United States. Furthermore, the robust expansion of agriculture across regions like California and the Midwest, where irrigation is crucial for crop production, is contributing to the surge in borehole pump installations. Government initiatives and subsidies aimed at improving water infrastructure and encouraging sustainable water usage further support market growth.

Technological advancements in pump design, such as energy-efficient motors and smart monitoring systems, are also enhancing operational reliability and reducing maintenance costs, making them more attractive to consumers and commercial users alike. The integration of automation and remote monitoring solutions has enabled end-users to optimize pump performance and detect issues in real-time, thereby ensuring continuous water supply and minimizing downtime. In the oil and gas industry, particularly in shale-rich areas such as Texas and North Dakota, borehole pumps are increasingly being used for water management operations in drilling and production activities, further expanding the market scope. In addition, the resurgence of the construction sector across the U.S. and Canada, which often requires dewatering solutions and groundwater management, is creating new opportunities for borehole pump suppliers.

Investments in smart city projects and infrastructure modernization, especially in urban centers, are increasing the deployment of borehole pumps in water treatment and distribution systems. Environmental regulations that promote the use of eco-friendly and energy-efficient technologies are also influencing buyer preferences toward advanced borehole pumping solutions. Moreover, the presence of leading pump manufacturers and their focus on R&D in North America is accelerating innovation and improving product availability. Companies are actively pursuing strategic partnerships, mergers, and acquisitions to strengthen their market position and expand regional distribution networks.

The growing awareness among end-users regarding the long-term cost benefits and reliability of submersible borehole pumps over traditional pumping methods is further stimulating adoption. Additionally, emergency preparedness initiatives in areas vulnerable to natural disasters such as hurricanes and floods are prompting investments in dependable water extraction systems, with borehole pumps being a preferred choice due to their deep-well capabilities and durability. Collectively, these factors—ranging from agricultural dependence and industrial applications to regulatory support and technological progress—are creating a favorable landscape for the continued growth of the Borehole Pumps Market in North America.

Emerging region:

South America is the emerging region in Borehole Pumps Market. The Borehole Pumps Market in South America's emerging region is experiencing robust growth, driven by a combination of expanding agricultural activities, increasing demand for clean water access in rural areas, and ongoing investments in infrastructure development. Agriculture remains a cornerstone of many South American economies, particularly in countries like Brazil and Argentina, where irrigation is critical for sustaining high crop yields.

Borehole pumps play an essential role in drawing groundwater for irrigation, and as these nations continue to adopt modern farming practices, the need for efficient and reliable water pumping solutions is surging. Additionally, rapid population growth and urbanization are placing pressure on municipal water systems, prompting governments and private sectors to explore groundwater extraction to supplement supply—further stimulating demand for borehole pumps.

In regions with limited surface water resources and inadequate water distribution networks, especially in rural and semi-urban zones, borehole pumps offer a practical and scalable solution for improving water access. Furthermore, the region is witnessing growing awareness about water conservation and sustainable water management, which has led to increased adoption of energy-efficient borehole pumping technologies. Renewable energy-powered pumps, such as solar borehole pumps, are gaining traction due to favorable government incentives and the region’s abundant solar resources, making them an attractive option for remote and off-grid locations.

The market is also benefiting from international development aid and non-governmental organization (NGO) interventions focused on enhancing water security and public health in underserved areas. Technological advancements in pump materials and design—such as corrosion-resistant components, remote monitoring systems, and smart sensors—are improving pump longevity and operational efficiency, further enhancing their appeal across various sectors.

Moreover, the growing mining and oil & gas industries in South America are also contributing to the market expansion, as these sectors require robust groundwater extraction systems for operations, dewatering, and environmental management. The presence of vast aquifers and a rising focus on sustainable water sourcing have encouraged both public and private players to invest in borehole drilling and associated equipment. As countries like Chile, Peru, and Colombia continue to attract foreign investments for infrastructure and agricultural development, the demand for borehole pumps is expected to accelerate.

Challenges such as inconsistent electricity supply and varying geological conditions are being addressed through product innovation and localized service support by key market players. Overall, the convergence of economic growth, environmental considerations, technological innovation, and increased focus on rural development positions the South American emerging region as a significant driver of the global borehole pumps market in the coming years.

Recent Developments

• In May 2023, Curtiss-Wright Corporation announced the signing of an agreement with Shell Plc to develop, test, manufacture, and provide operational support for an electro-submersible pump intended for deployment on a Shell offshore platform in the Gulf of Mexico. This collaboration aims to demonstrate the effectiveness and reliability of Curtiss-Wright’s canned motor technology as a viable alternative to existing subsea pump solutions. 
• In October 2024, pumping systems manufacturer Franklin Electric introduced its first electric submersible pump under the Pioneer Pump brand, unveiling the Minetuff series at the Water Environment Federation’s Technical Exhibition and Conference in the United States.
• In April 2025, ITT Inc.’s Goulds Pumps division launched the 3430 Large Double Suction Pump Line. This new range features a redesigned structure that offers notable improvements in cost-efficiency, performance features, and hydraulic capabilities.
• In October 2024, Damen unveiled the latest generation of its fully electric, low-emission E-DOP submersible dredge pumps. A well-known name in the dredging industry, the Damen DOP pump originated in the 1990s when Damen Dredging was approached by a contractor in need of a compact, powerful tool to dredge a highway tunnel—leading to the creation of this now-iconic pump.

Key Market Players

• KSB SE And Co. KGAA
• Grundfos Holding A/S
• Xylem Inc.
• Franklin Electric Co., Inc.
• Ebara Corporation
• Calpeda S.p.A.
• Davey Water Products Pty Ltd (Davey)
• Rovatti A. & Figli Pompe S.p.a.
• STAIRS INDUSTRIAL CO. LTD.
• Pentair Plc

Report Scope:

In this report, the Global Borehole Pumps Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Borehole Pumps Market, By Type:

o   Multistage

o   Single-Stage  

• Borehole Pumps Market, By Application:

o   Agriculture

o   Oil & Gas  

• Borehole Pumps Market, By Head:

o   Below 50 m

o   Between 50 m to 100 m

o   Above 100 m  

• Borehole Pumps Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Borehole Pumps Market.

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