Submersible Pumps Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Non Clog, Borewell, Open Well), By Mode of Operation (Single Stage, Multi-Stage), By Power Rating (Low, Medium, High), By Head (Below 50 m, 50 m–100 m, Above 100 m), By Region, By Competition 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 13.13 Billion
CAGR (2026-2031)	5.64%
Fastest Growing Segment	Multi-Stage
Largest Market	Asia Pacific
Market Size (2031)	USD 18.25 Billion

Market Overview

The Global Submersible Pumps Market will grow from USD 13.13 Billion in 2025 to USD 18.25 Billion by 2031 at a 5.64% CAGR. Submersible pumps are specialized mechanical devices featuring a hermetically sealed motor close-coupled to the pump body, designed to operate while fully submerged in the fluid they transport. The market is primarily supported by accelerating urbanization, which necessitates robust wastewater management infrastructure, and the agricultural sector's increasing requirement for reliable irrigation systems. Additionally, the imperative for sustainability drives the adoption of highly efficient models to reduce operational overheads. According to Europump, in 2024, industrial pumps accounted for up to 20% of global electricity consumption, underscoring the critical need for energy-efficient replacements in water-intensive industries.

Nevertheless, the market encounters a significant impediment regarding high maintenance and repair costs. The inaccessibility of submerged units makes routine inspection difficult, often necessitating complete extraction for servicing, which results in operational downtime and increased expenditure. This technical complexity, combined with the risk of motor failure in abrasive environments containing sand or silt, presents a substantial barrier to adoption for cost-sensitive operators, potentially slowing market expansion in developing economies.

Key Market Drivers

Rising Investments in Wastewater Treatment and Sewage Management Infrastructure act as a primary catalyst for the market, driven by the urgent need to modernize aging sanitation networks in developed nations and establish new systems in rapidly urbanizing developing regions. Municipalities are increasingly deploying heavy-duty submersible pumps to manage solids-laden sewage and storm water in deep-tunnel systems, where surface-mounted pumps are impractical. This surge in infrastructure upgrading is reflected in the performance of key industry players. According to Grundfos, March 2024, in the 'Annual Report 2023', its Water Utility division delivered a sales growth of 7% primarily reflecting a stable municipal market, highlighting the sustained demand for reliable wastewater pumping solutions.

Simultaneously, the Growing Demand for Artificial Lift Systems in Oil and Gas Extraction is propelling market momentum, particularly as mature fields require Electric Submersible Pumps (ESPs) to maintain production rates amidst depleting reservoir pressure. High energy prices have incentivized operators to increase capital expenditure on upstream activities, directly benefiting the ESP segment. According to the International Energy Agency, June 2024, in the 'World Energy Investment 2024' report, global upstream oil and gas investment was expected to increase by 7% to reach $570 billion in 2024, fostering a favorable environment for artificial lift technologies. Reinforcing this trend of industrial vitality, according to Sulzer, February 2024, in the 'Annual Report 2023', the company's Flow Equipment division recorded an order intake increase of 11.2%, signaling robust global demand for critical fluid handling technologies.

Download Free Sample Report

Key Market Challenges

The technical complexity associated with maintenance and repair constitutes a formidable obstacle to the expansion of the Global Submersible Pumps Market. Because these units operate deep underwater or within boreholes, they are inherently difficult to access for routine condition monitoring. When a malfunction occurs, operators cannot simply inspect the unit in situ; instead, the entire pump assembly often requires extraction using heavy lifting machinery. This physical inaccessibility inevitably prolongs operational downtime, halting critical water supply or wastewater management processes and causing productivity losses for industrial users.

This logistical difficulty translates directly into elevated operating expenditures, which deters cost-conscious buyers, particularly in price-sensitive sectors. The financial burden of servicing these units is substantial when viewed over the equipment's entire lifespan, often outweighing the initial purchase price. According to the Hydraulic Institute, in 2024, maintenance expenses accounted for approximately 25% of a standard industrial pumping system’s total life cycle cost, with downtime and installation factors contributing an additional financial load. Such high ongoing expenses significantly increase the total cost of ownership, thereby restricting market penetration in developing economies where capital efficiency is a primary concern.

Key Market Trends

The Growing Adoption of Solar-Powered Submersible Pumps is rapidly reshaping the market, particularly in the agricultural sector where off-grid reliability is paramount. This trend is gaining significant traction as farmers and governments seek sustainable alternatives to diesel-operated units to mitigate volatile fuel costs and reduce carbon footprints. The shift is further amplified by substantial subsidies and incentives that make photovoltaic-integrated systems financially viable for large-scale irrigation projects. According to Energetica India, May 2025, in the 'Shakti Pumps Reports Revenue Growth' article, Shakti Pumps registered a remarkable 83.6% year-on-year revenue increase in FY25, reaching INR 25.1 billion, a surge largely attributed to the robust execution of solar pumping orders under government initiatives.

Simultaneously, the Integration of IoT and AI-Based Predictive Maintenance is emerging as a critical solution to address the inherent inaccessibility of submerged equipment. Operators are increasingly deploying smart sensors and analytics platforms to monitor pump health in real-time, allowing for the early detection of anomalies such as vibration or seal leaks before catastrophic failures occur. This technological evolution transforms reactive repair models into proactive strategies, significantly lowering the total cost of ownership by preventing unplanned downtime. According to Sulzer, October 2024, in the 'Order intake Q3 2024 publication', the company’s Services division achieved a 12.9% growth in order intake, reflecting the intensifying global demand for specialized maintenance and retrofit services that ensure operational continuity in critical fluid handling infrastructure.

Segmental Insights

The Multi-Stage segment is projected to emerge as the fastest-growing category in the Global Submersible Pumps Market. This growth is primarily driven by the increasing need for high-pressure water extraction from deep underground sources, particularly in the agricultural and industrial sectors. As groundwater levels decline globally, operators require the enhanced lift capabilities that multi-stage impellers provide compared to single-stage alternatives. Furthermore, rising urbanization necessitates robust pumping systems for high-rise residential water supply, supporting the expanded utilization of these efficient units in municipal infrastructure projects.

Regional Insights

Asia Pacific maintains a dominant position in the global submersible pumps market primarily due to rapid urbanization and extensive agricultural reliance. The region experiences substantial demand for water management solutions to support expanding construction and irrigation projects, particularly in emerging economies like India and China. National directives focusing on improved sanitation and wastewater treatment infrastructure further stimulate market expansion. Additionally, the rising need for reliable water supply in industrial operations supports this regional leadership. Consequently, the convergence of infrastructure development and agricultural needs solidifies Asia Pacific as the primary market hub.

Recent Developments

• In December 2025, Pleuger Industries entered into a strategic alliance with Torishima Service Solutions to enhance their combined capabilities in the Middle East region. This collaboration brought together Pleuger’s engineering expertise in submersible pumps and motors with Torishima’s service network to support the water, energy, and industrial markets. The partnership was established to focus on key territories including the UAE and Saudi Arabia, with the goal of improving customer support and accelerating service delivery. The companies stated that this joint effort would strengthen their regional presence and provide integrated solutions for critical infrastructure projects.
• In March 2025, Xylem introduced the Flygt 2450, a fully submersible high-head pump developed specifically for the mining industry. This new product was designed to manage abrasive mine water without requiring additional infrastructure, which aids in reducing the total cost of ownership for operators. The pump features wear-resistant hydraulic components that extend service intervals significantly compared to standard equipment. By launching this solution, the company aimed to simplify water management in mining operations, offering a system that maintains high efficiency and durability under harsh operating conditions.
• In November 2024, Franklin Electric announced that its Pioneer Pump brand had expanded its product offerings with the introduction of the Minetuff Series Electric Submersible Pumps. This launch represented the brand's first entry into the electric submersible market, providing a solution for dewatering in deep wells and space-restricted areas. The new series comprises pumps with power ratings from 8 to 140 horsepower, designed to operate in wells as deep as 245 feet. Built with durable materials to withstand abrasives like sand and clay, these pumps target demanding environments such as mining and construction sites.
• In April 2024, Grundfos launched a new range of heavy-duty wastewater submersible pumps tailored for municipal, utility, and industrial sectors. The SE range 48 series features advanced impeller designs that allow for the free passage of large solids, thereby minimizing clogging risks and maintenance needs. These pumps were engineered to handle significant volumes of unscreened sewage and process water, incorporating liquidless motor cooling to enable continuous operation in both wet and dry installations. The company emphasized that this release was developed to enhance energy efficiency and reliability in critical wastewater management facilities.

Key Market Players

• Xylem Inc.
• Grundfos Holding A/S
• KSB SE & Co. KGaA
• Franklin Electric Co., Inc.
• Wilo SE
• Pentair plc
• ITT Inc.
• Ebara Corporation
• Sulzer Ltd.

By Type	By Mode of Operation	By Power Rating	By Head	By Region
Non Clog Borewell Open Well	Single Stage Multi-Stage	Low Medium High	Below 50 m 50 m-100 m Above 100 m	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

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

• Submersible Pumps Market , By Type:

• Non Clog
• Borewell
• Open Well

• Submersible Pumps Market , By Mode of Operation:

• Single Stage
• Multi-Stage

• Submersible Pumps Market , By Power Rating:

• Low
• Medium
• High

• Submersible Pumps Market , By Head:

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

• Submersible Pumps Market , By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE