The global submersible pumps market is anticipated to reach a market size worth US$21.345 billion by 2030 and is valued at US$15.829 billion in 2025, growing at a compound annual growth rate of 6.16%.
A submersible pump is the kind of pump that can be taken entirely underwater and pump water to the surface. Its motor is tightly sealed to the pump, helping it push the liquid onto the surface. The pump converts the rotary energy into kinetic energy and that into pressure energy, which it uses to push the water to the surface. Moreover, submersible pumps are efficient to use as they don’t need additional energy sources to work. The water pressure pushes the water into the pump, which consecutively saves much energy for the pump.
In addition to this, another major advantage of the submersible pumps is that they don’t need to be primed, as they are already submerged in water. These key advantages are expected to drive the market for submersible pumps. However, this market would be inhibited by its disadvantages. The corroding of the seals is one of them, resulting in letting water inside the motor, rendering the pump useless unless repaired. Another key disadvantage of submersible pumps is that one pump does not fit all uses, so a different pump is needed for various applications.
Additionally, some of the key factors driving the market in the coming years are the increasing awareness about wastewater treatment in several countries and the government's strict regulations. Secondly, the market will be driven by the growing investments in infrastructure, which has consecutively resulted in the increased pace of urbanization. With these rising investments in emerging markets, like wastewater treatment in agricultural, industrial, and household sectors, the demand for the submersible pump is also expected to increase in the coming years.
Cities are expanding at a much quicker pace than before, thus increasing the water demand. This has resulted in the use of submersible pumps in water supply schemes, sewage disposal systems, construction work, irrigation, industrialization, and even power generation within hydropower plants. These pumps are also needed for distributing water in high-rise structures and thickly populated areas, and sewage treatment plants and drainage facilities. For instance, as quoted from the World Economic Forum’s report in October 2024, India planned to invest $300 million in the next two years to tackle flooding and water preservation in seven cities, including Mumbai, Chennai, and Bengaluru. These funds are set aside for constructing drains and rehabilitating water bodies overrun by urban growth.
Submersible pumps are vital for the constant water supply in agricultural lands, especially in dry regions. These pumps help transport water for different types of irrigation, such as drip, sprinkler, and flood, enhancing the production of crops and agriculture. The provision of water and irrigation in an efficient manner is the foundation of good, sustainable agriculture.
For instance, the conference COP28 in 2023 highlighted that more water-efficient agriculture, such as irrigation, is critical to producing more food and strengthening resilience to the impacts of climate change. At COP27, experts noted the relevance of changing outdated irrigation systems to address the food needs of around 10 billion people by the middle of the century, which calls for creativity and strategizing. These necessities provide an opportunity for the rise in demand for advanced submersible pumps in the subsequent years.
Submersible pumps are being installed in industrial wastewater treatment because manufacturers must comply with environmental regulations and increase efficiency. They pump sewage from the collection point to the treatment plant, sludge is taken for transfer, and treated water is recirculated. This brings about better outcomes in treatment and decreases the adverse effects of industrial processes on the surrounding community. According to the 2023 Clean Water Act (CWA), pollutants originating from a 'point source' shall not be discharged in the waters of the United States unless permitted to do so by the Environmental Protection Agency (EPA) or an authorized state, meaning that releasing effluent into surface waters has to satisfy predefined limits for effluent containing pollutants.
Similarly, the authorities of other countries are also working on introducing normative acts on wastewater treatment, which is likely to boost the submersible pumps market growth in the forecasted period. In addition to that, since people are becoming more concerned about environmental issues and the value of clean water, there is pressure on industries to practice water sustainability, which includes proper management of wastewater. This assists in alleviating the discomfort caused by the processes of industries in the surroundings.
The oil and gas sector is predicted to dominate the market share due to the various investments made and the industry's growth.
To illustrate, India, ranked third globally in oil & energy consumption after China and the USA, is Asia's largest importer of Petroleum products. Further, according to the crude oil output figures sourced from the Government of India, Ministry of Petroleum and Natural Gas, Crude oil production reached 2286.26 TMT in 2024, up from 2377.89 TMT in 2023. The available developments and investment trends in the oil and gas sector on such a large scale will also fuel the market for submersible pumps in the coming years.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Submersible Pumps Market Size in 2025 | US$15.829 billion |
| Submersible Pumps Market Size in 2030 | US$21.345 billion |
| Growth Rate | CAGR of 6.16% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in the Submersible Pumps Market |
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| Customization Scope | Free report customization with purchase |