According to a new report published by Allied Market Research, titled, "Submersible Pumps Market," The submersible pumps market size was valued at $12.7 billion in 2022, and is estimated to reach $24.4 billion by 2032, growing at a CAGR of 6.9% from 2023 to 2032.
Submersible pumps head refers to the vertical distance that a submersible pump can effectively lift water or other fluids. It's a critical parameter to consider when choosing the right submersible pump for a particular application. These pumps are available in various sizes and capacities, and their classification is often based on factors such as
1) head, flow rate, and motor power. This information is essential for making informed decisions when it comes to selecting the appropriate submersible pump for specific needs.
Submersible pump is a device designed to be fully submerged in a fluid, typically liquid, to facilitate the pumping of that fluid. These pumps consist of a hermetically sealed motor, which is placed within a casing or housing. The motor is electrically driven and is intricately designed to operate while submerged without the risk of short-circuiting or malfunction.
The reliability of submersible pumps industry relies on the effectiveness of their seal systems, which are designed to prevent water from entering the motor. These pumps typically have motor made of stainless steel, providing durability and protection for the motor against the surrounding fluid while also offering corrosion resistance.
Submersible pumps are compact and do not require extensive above-ground space for installation, making them suitable for various environments, including confined spaces. They operate quietly, reducing noise pollution, which is advantageous in applications where noise control is a concern. Their versatility is another significant advantage; submersible pumps handle various liquids, including water, wastewater, oil, and more. Consequently, they find applications in agriculture, sewage treatment, mining, and domestic use.
For the purpose of analysis, the submersible pumps market share covers segmentation based on type, capacity, application, end-use industry, and region. The report provides information by type including electric, hydraulic, and air driven. On the basis of capacity, submersible pumps are divided into low, medium, and high. Furthermore, application covered in the study includes Open Pit, and Borewell. Moreover, it outlines the details of the end-use industry such as
1) water and wastewater, oil & gas, mining and construction, and others. In addition, it analyzes the current market trends across different regions such as
1) North America, Europe, Asia-Pacific, and LAMEA.
By type air-driven segment is the fastest-growing segment during the forecast period. Air-driven submersible pumps are often lauded for their energy efficiency. The use of compressed air allows for precise control over the pump's speed and output, resulting in reduced energy consumption compared to traditional electric pumps. This makes them an environmentally friendly option and can lead to cost savings in the long run. Air-driven submersible pumps operate without electricity, they are often preferred in situations where the risk of electrical hazards is high, such as
- 1) in waterlogged areas or during specific industrial processes.
- Increase in focus on water resource management drives the growth of submersible pumps market growth. Submersible pumps play a crucial role in various water-related applications. In regions where surface water is scarce, these pumps are submerged in wells to efficiently extract groundwater, ensuring a reliable water supply. Additionally, they are vital in wastewater treatment plants, effectively moving sewage and contaminants for proper processing. The Manitoba government, in November 2022, incorporated submersible pumps into its water management strategy to protect water ecosystems while promoting sustainable development. Furthermore, in global agriculture, these pumps are essential for irrigation in areas with insufficient rainfall, offering energy-efficient and reliable water distribution for crop growth.
- Smart pumping solutions in submersible pumps finds a lucrative opportunity in the submersible pumps market. IoT technology has become integral in industries, especially with the rise of smart submersible pumps. The pumps, such as
- 1) TTP Ventus' SPM-041, utilize sensors to monitor parameters such as
- 1) flow rate and pressure, providing real-time data to a central system for optimized performance. The smart pumps enable efficient closed-loop control, weigh only 11g, and offer various control options. The benefits extend to energy conservation and eco-friendly water management, particularly in municipalities where IoT-powered pumps optimize water distribution networks. Industries like manufacturing and mining also enhance their processes through smart submersible pumps integrated into industrial automation systems, ensuring precise control and reducing water wastage.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the submersible pumps market analysis from 2022 to 2032 to identify the prevailing submersible pumps market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the submersible pumps market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global submersible pumps market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Type
- Hydraulic
- Air-Driven
- Electric
By Capacity
By Application
By End-Use Industry
- Water and Wastewater
- Oil and Gas
- Mining and Construction
- Other
By Region
- North America
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players:
- Kirloskar Brothers Limited.
- Pentair
- WILO SE
- KSB Limited
- TSURUMI MANUFACTURING CO., LTD.
- Xylem Inc.
- EBARA CORPORATION
- Sulzer Ltd.
- Grundfos Pumps India Private Ltd.
- Franklin Electric