Global Subsea Pumps Market Size Study & Forecast, by Subsea Pump Type, Water Depth, Application, and Regional Forecasts 2025-2035

Description

The Global Subsea Pumps Market is valued at approximately USD 1.92 billion in 2024 and is anticipated to grow with a robust CAGR of 5.48% during the forecast period 2025 to 2035. Subsea pumps, which are engineered to operate under extreme underwater pressure and environmental conditions, have emerged as a vital enabler in modern offshore oil and gas production. These technologies play an indispensable role in enhancing oil recovery, improving reservoir drainage, and maintaining production efficiency in maturing fields. By actively assisting in fluid transport and pressure boosting operations from seabed to surface, subsea pumps significantly reduce the need for topside facilities, thereby lowering operational costs and environmental impact.

The ever-expanding pursuit of offshore hydrocarbon reserves, particularly in ultra-deepwater regions, has fueled unprecedented investments in subsea pumping technologies. Heightened demand for long-distance tiebacks and the depletion of easily accessible reserves are compelling energy giants to harness advanced pump systems for maximizing productivity and extending the lifecycle of offshore fields. Furthermore, increasing global demand for energy-especially in emerging economies-and advancements in subsea processing technologies are opening up new avenues of growth. Notably, applications such as water injection, gas lift, and multiphase fluid transfer are becoming integral to integrated field development strategies. Nonetheless, the high capital expenditure, logistical complexities, and technical challenges associated with subsea deployment pose some restraints to rapid market expansion.

Geographically, North America leads the global subsea pumps market, backed by well-established offshore drilling infrastructure, significant investments in subsea field development in the Gulf of Mexico, and strong regulatory frameworks. The region continues to innovate in terms of subsea boosting systems, especially for complex deepwater assets. Meanwhile, Europe holds a prominent position, driven by mature offshore assets in the North Sea and strategic collaboration among operators and service providers to revitalize aging fields. Asia Pacific is anticipated to exhibit the fastest growth rate during the forecast period due to surging energy demand, a burgeoning offshore exploration pipeline in Southeast Asia and Australia, and national oil companies prioritizing offshore field development. Latin America, particularly Brazil and Mexico, is also making strong strides through deepwater projects supported by favorable policy reforms and international investments.

Major market player included in this report are:

Baker Hughes Company
Aker Solutions ASA
TechnipFMC plc
Schlumberger Limited
Halliburton Company
Siemens Energy AG
Flowserve Corporation
OneSubsea (Schlumberger)
Sulzer Ltd.
Framo AS (Part of Alfa Laval)
SPX FLOW Inc.
FMC Technologies
GE Oil & Gas
Wartsila Corporation
NOV Inc.

Global Subsea Pumps Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

By Subsea Pump Type:

Electrical Submersible Pump
Hydraulic Submersible Pump
Progressive Cavity Pump
Centrifugal Pump

By Water Depth:

Shallow Water
Deep Water
Ultra-Deep Water

By Application:

Oil and Gas Production
Water Injection
Gas Lift
Other Applications

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Subsea Pumps Market Report Scope & Methodology

1.1 Research Objective
1.2 Research Methodology
- 1.2.1 Forecast Model
- 1.2.2 Desk Research
- 1.2.3 Top Down and Bottom-Up Approach
1.3 Research Attributes
1.4 Scope of the Study
- 1.4.1 Market Definition
- 1.4.2 Market Segmentation
1.5 Research Assumption
- 1.5.1 Inclusion & Exclusion
- 1.5.2 Limitations
- 1.5.3 Years Considered for the Study

Chapter 2. Executive Summary

2.1 CEO/CXO Standpoint
2.2 Strategic Insights
2.3 ESG Analysis
2.4 Key Findings

Chapter 3. Global Subsea Pumps Market Forces Analysis

3.1 Market Forces Shaping the Global Subsea Pumps Market (2024-2035)
3.2 Drivers
- 3.2.1 Growing ultra-deepwater field developments and long-tieback requirements
- 3.2.2 Advancements in subsea processing and push for CAPEX reduction
3.3 Restraints
- 3.3.1 High capital expenditure and logistical complexities of subsea deployment
- 3.3.2 Technical challenges in reliability and maintenance under extreme conditions
3.4 Opportunities
- 3.4.1 Emergence of multiphase boosting and subsea processing systems
- 3.4.2 Expansion in offshore production in Asia Pacific and Latin America

Chapter 4. Global Subsea Pumps Industry Analysis

4.1 Porter's 5 Forces Model
- 4.1.1 Bargaining Power of Buyer
- 4.1.2 Bargaining Power of Supplier
- 4.1.3 Threat of New Entrants
- 4.1.4 Threat of Substitutes
- 4.1.5 Competitive Rivalry
4.2 Porter's 5 Forces Forecast Model (2024-2035)
4.3 PESTEL Analysis
- 4.3.1 Political
- 4.3.2 Economical
- 4.3.3 Social
- 4.3.4 Technological
- 4.3.5 Environmental
- 4.3.6 Legal
4.4 Top Investment Opportunities
4.5 Top Winning Strategies (2025)
4.6 Market Share Analysis (2024-2025)
4.7 Global Pricing Analysis and Trends 2025
4.8 Analyst Recommendation & Conclusion

Chapter 5. Global Subsea Pumps Market Size & Forecasts by Subsea Pump Type 2025-2035

5.1 Market Overview
5.2 Global Subsea Pumps Market Performance - Potential Analysis (2025)
5.3 Electrical Submersible Pump
- 5.3.1 Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2 Market size analysis, by region, 2025-2035
5.4 Hydraulic Submersible Pump
- 5.4.1 Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2 Market size analysis, by region, 2025-2035
5.5 Progressive Cavity Pump
- 5.5.1 Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.5.2 Market size analysis, by region, 2025-2035
5.6 Centrifugal Pump
- 5.6.1 Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.6.2 Market size analysis, by region, 2025-2035

Chapter 6. Global Subsea Pumps Market Size & Forecasts by Water Depth 2025-2035

6.1 Market Overview
6.2 Global Subsea Pumps Market Performance - Potential Analysis (2025)
6.3 Shallow Water
- 6.3.1 Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2 Market size analysis, by region, 2025-2035
6.4 Deep Water
- 6.4.1 Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2 Market size analysis, by region, 2025-2035
6.5 Ultra-Deep Water
- 6.5.1 Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.5.2 Market size analysis, by region, 2025-2035

Chapter 7. Global Subsea Pumps Market Size & Forecasts by Application 2025-2035

7.1 Market Overview
7.2 Global Subsea Pumps Market Performance - Potential Analysis (2025)
7.3 Oil and Gas Production
- 7.3.1 Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.3.2 Market size analysis, by region, 2025-2035
7.4 Water Injection
- 7.4.1 Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.4.2 Market size analysis, by region, 2025-2035
7.5 Gas Lift
- 7.5.1 Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.5.2 Market size analysis, by region, 2025-2035
7.6 Other Applications
- 7.6.1 Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.6.2 Market size analysis, by region, 2025-2035

Chapter 8. Global Subsea Pumps Market Size & Forecasts by Region 2025-2035

8.1 Subsea Pumps Market, Regional Market Snapshot
8.2 Top Leading & Emerging Countries
8.3 North America Subsea Pumps Market
- 8.3.1 U.S. Subsea Pumps Market
  - 8.3.1.1 Subsea Pump Type breakdown size & forecasts, 2025-2035
  - 8.3.1.2 Water Depth breakdown size & forecasts, 2025-2035
- 8.3.2 Canada Subsea Pumps Market
  - 8.3.2.1 Subsea Pump Type breakdown size & forecasts, 2025-2035
  - 8.3.2.2 Water Depth breakdown size & forecasts, 2025-2035
8.4 Europe Subsea Pumps Market
- 8.4.1 UK Subsea Pumps Market
  - 8.4.1.1 Subsea Pump Type breakdown size & forecasts, 2025-2035
  - 8.4.1.2 Water Depth breakdown size & forecasts, 2025-2035
- 8.4.2 Germany Subsea Pumps Market
  - 8.4.2.1 Subsea Pump Type breakdown size & forecasts, 2025-2035
  - 8.4.2.2 Water Depth breakdown size & forecasts, 2025-2035
- 8.4.3 France Subsea Pumps Market
  - 8.4.3.1 Subsea Pump Type breakdown size & forecasts, 2025-2035
  - 8.4.3.2 Water Depth breakdown size & forecasts, 2025-2035
- 8.4.4 Spain Subsea Pumps Market
  - 8.4.4.1 Subsea Pump Type breakdown size & forecasts, 2025-2035
  - 8.4.4.2 Water Depth breakdown size & forecasts, 2025-2035
- 8.4.5 Italy Subsea Pumps Market
  - 8.4.5.1 Subsea Pump Type breakdown size & forecasts, 2025-2035
  - 8.4.5.2 Water Depth breakdown size & forecasts, 2025-2035
- 8.4.6 Rest of Europe Subsea Pumps Market
  - 8.4.6.1 Subsea Pump Type breakdown size & forecasts, 2025-2035
  - 8.4.6.2 Water Depth breakdown size & forecasts, 2025-2035
8.5 Asia Pacific Subsea Pumps Market
- 8.5.1 China Subsea Pumps Market
  - 8.5.1.1 Subsea Pump Type breakdown size & forecasts, 2025-2035
  - 8.5.1.2 Water Depth breakdown size & forecasts, 2025-2035
- 8.5.2 India Subsea Pumps Market
  - 8.5.2.1 Subsea Pump Type breakdown size & forecasts, 2025-2035
  - 8.5.2.2 Water Depth breakdown size & forecasts, 2025-2035
- 8.5.3 Japan Subsea Pumps Market
  - 8.5.3.1 Subsea Pump Type breakdown size & forecasts, 2025-2035
  - 8.5.3.2 Water Depth breakdown size & forecasts, 2025-2035
- 8.5.4 Australia Subsea Pumps Market
  - 8.5.4.1 Subsea Pump Type breakdown size & forecasts, 2025-2035
  - 8.5.4.2 Water Depth breakdown size & forecasts, 2025-2035
- 8.5.5 South Korea Subsea Pumps Market
  - 8.5.5.1 Subsea Pump Type breakdown size & forecasts, 2025-2035
  - 8.5.5.2 Water Depth breakdown size & forecasts, 2025-2035
- 8.5.6 Rest of Asia Pacific Subsea Pumps Market
  - 8.5.6.1 Subsea Pump Type breakdown size & forecasts, 2025-2035
  - 8.5.6.2 Water Depth breakdown size & forecasts, 2025-2035
8.6 Latin America Subsea Pumps Market
- 8.6.1 Brazil Subsea Pumps Market
  - 8.6.1.1 Subsea Pump Type breakdown size & forecasts, 2025-2035
  - 8.6.1.2 Water Depth breakdown size & forecasts, 2025-2035
- 8.6.2 Mexico Subsea Pumps Market
  - 8.6.2.1 Subsea Pump Type breakdown size & forecasts, 2025-2035
  - 8.6.2.2 Water Depth breakdown size & forecasts, 2025-2035
8.7 Middle East & Africa Subsea Pumps Market
- 8.7.1 UAE Subsea Pumps Market
  - 8.7.1.1 Subsea Pump Type breakdown size & forecasts, 2025-2035
  - 8.7.1.2 Water Depth breakdown size & forecasts, 2025-2035
- 8.7.2 Saudi Arabia Subsea Pumps Market
  - 8.7.2.1 Subsea Pump Type breakdown size & forecasts, 2025-2035
  - 8.7.2.2 Water Depth breakdown size & forecasts, 2025-2035
- 8.7.3 South Africa Subsea Pumps Market
  - 8.7.3.1 Subsea Pump Type breakdown size & forecasts, 2025-2035
  - 8.7.3.2 Water Depth breakdown size & forecasts, 2025-2035
- 8.7.4 Rest of Middle East & Africa Subsea Pumps Market
  - 8.7.4.1 Subsea Pump Type breakdown size & forecasts, 2025-2035
  - 8.7.4.2 Water Depth breakdown size & forecasts, 2025-2035

Chapter 9. Competitive Intelligence

9.1 Top Market Strategies
9.2 Baker Hughes Company
- 9.2.1 Company Overview
- 9.2.2 Key Executives
- 9.2.3 Company Snapshot
- 9.2.4 Financial Performance (Subject to Data Availability)
- 9.2.5 Product/Services Port
- 9.2.6 Recent Development
- 9.2.7 Market Strategies
- 9.2.8 SWOT Analysis
9.3 Aker Solutions ASA
9.4 TechnipFMC plc
9.5 Schlumberger Limited
9.6 Halliburton Company
9.7 Siemens Energy AG
9.8 Flowserve Corporation
9.9 OneSubsea (Schlumberger)
9.10 Sulzer Ltd.
9.11 Framo AS (Part of Alfa Laval)
9.12 SPX FLOW Inc.
9.13 FMC Technologies
9.14 GE Oil & Gas
9.15 Wartsila Corporation
9.16 NOV Inc.