Borehole Pumps Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented, By Type, By Application, By Head, By Region & Competition, 2020-2030F

Description

The Borehole Pumps Market was valued at USD 4.65 Billion in 2024 and is anticipated to reach USD 7.00 Billion by 2030, expanding at a CAGR of 6.90%. This market includes the global ecosystem of design, manufacturing, distribution, and servicing of pumps built to extract fluids from deep underground sources via boreholes or wells. Widely used in agricultural irrigation, municipal water systems, industrial operations, mining, and residential water supply, borehole pumps-primarily submersible or line-shaft types-are engineered for high-pressure performance at depths extending from 25 meters to several hundred meters. Increasing demand for potable water, expanding agricultural activities in arid zones, urbanization, and infrastructure investments are major growth drivers. Advances in energy-efficient pump designs, solar-powered models, and smart monitoring technologies are improving reliability and operational efficiency. The market is also seeing a shift toward sustainable pumping systems, particularly in off-grid areas, and features a competitive mix of global and regional players offering tailored solutions through various distribution channels including direct sales, third-party suppliers, and online platforms.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 4.65 Billion
Market Size 2030	USD 7.00 Billion
CAGR 2025-2030	6.90%
Fastest Growing Segment	Single-Stage
Largest Market	North America

Key Market Drivers

Rising Global Demand for Groundwater in Agricultural Irrigation

The global surge in agricultural irrigation needs is a key driver for borehole pump adoption. As populations grow and food security concerns escalate, irrigation-dependent farming is expanding-especially in regions where surface water is scarce or unreliable. Borehole pumps offer a dependable source of groundwater, supporting agricultural productivity throughout dry seasons and drought periods. Countries across Asia, Africa, and Latin America increasingly rely on these systems, backed by government subsidies, rural electrification programs, and incentives for irrigation modernization. In India, for instance, over 60% of irrigation is groundwater-based, with millions of borehole pumps in operation. Technological improvements in pump efficiency and durability are further driving adoption among both commercial and smallholder farmers, as precision irrigation becomes critical to improving yields and conserving water.

Key Market Challenges

High Operational and Maintenance Costs in Remote and Underdeveloped Regions

One of the major hurdles in the borehole pumps market is the high cost of operations and maintenance, especially in remote or underdeveloped areas lacking reliable water infrastructure. Deep well applications demand significant energy input, often necessitating diesel generators or unstable grid connections, both of which elevate operational costs. Inaccessible locations also complicate routine maintenance, requiring transportation of technicians and parts, which increases downtime and expenses. The technical complexity of modern pumps-especially those with VFD integration-calls for skilled personnel, which are scarce in these regions. Groundwater with high mineral content can accelerate component wear, raising the frequency of repairs and total ownership costs. Without adequate subsidies or financing mechanisms, these challenges hinder adoption, particularly among small-scale agricultural users.

Key Market Trends

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

The Asia Pacific region is emerging as the fastest-growing and largest segment of the borehole pumps market, driven by intensified agricultural demand, accelerated urbanization, and adoption of smart pumping technologies. Countries such as India, China, and Indonesia are increasing their reliance on underground water sources for irrigation, municipal water supply, and mining activities. Regional growth is further supported by government initiatives like India's Jal Jeevan Mission, aimed at expanding groundwater access. Manufacturers are innovating with IoT-enabled pumps, solar-powered variants, and remote monitoring systems to meet both efficiency and sustainability targets. As urban populations expand and pressure on water resources intensifies, Asia Pacific is setting the pace for technological adoption and infrastructure development in the global borehole pumps market.

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:

Multistage
Single-Stage

Borehole Pumps Market, By Application:

Agriculture
Oil & Gas

Borehole Pumps Market, By Head:

Below 50 m
Between 50 m to 100 m
Above 100 m

Borehole 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
- Kuwait
- Turkey

Competitive Landscape

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

Available Customizations:

Global Borehole Pumps Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
1.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Formulation of the Scope
2.4. Assumptions and Limitations
2.5. Sources of Research
- 2.5.1. Secondary Research
- 2.5.2. Primary Research
2.6. Approach for the Market Study
- 2.6.1. The Bottom-Up Approach
- 2.6.2. The Top-Down Approach
2.7. Methodology Followed for Calculation of Market Size & Market Shares
2.8. Forecasting Methodology
- 2.8.1. Data Triangulation & Validation

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends

4. Voice of Customer

5. Global Borehole Pumps Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Type (Multistage, Single-Stage)
- 5.2.2. By Application (Agriculture, Oil & Gas)
- 5.2.3. By Head (Below 50 m, Between 50 m to 100 m, Above 100 m)
- 5.2.4. By Region
5.3. By Company (2024)
5.4. Market Map

6. North America Borehole Pumps Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Application
- 6.2.3. By Head
- 6.2.4. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Borehole Pumps Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Type
    - 6.3.1.2.2. By Application
    - 6.3.1.2.3. By Head
- 6.3.2. Canada Borehole Pumps Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Type
    - 6.3.2.2.2. By Application
    - 6.3.2.2.3. By Head
- 6.3.3. Mexico Borehole Pumps Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Type
    - 6.3.3.2.2. By Application
    - 6.3.3.2.3. By Head

7. Europe Borehole Pumps Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Application
- 7.2.3. By Head
- 7.2.4. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Borehole Pumps Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Type
    - 7.3.1.2.2. By Application
    - 7.3.1.2.3. By Head
- 7.3.2. United Kingdom Borehole Pumps Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Type
    - 7.3.2.2.2. By Application
    - 7.3.2.2.3. By Head
- 7.3.3. Italy Borehole Pumps Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Type
    - 7.3.3.2.2. By Application
    - 7.3.3.2.3. By Head
- 7.3.4. France Borehole Pumps Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Type
    - 7.3.4.2.2. By Application
    - 7.3.4.2.3. By Head
- 7.3.5. Spain Borehole Pumps Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Type
    - 7.3.5.2.2. By Application
    - 7.3.5.2.3. By Head

8. Asia-Pacific Borehole Pumps Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Application
- 8.2.3. By Head
- 8.2.4. By Country
8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Borehole Pumps Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Type
    - 8.3.1.2.2. By Application
    - 8.3.1.2.3. By Head
- 8.3.2. India Borehole Pumps Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Type
    - 8.3.2.2.2. By Application
    - 8.3.2.2.3. By Head
- 8.3.3. Japan Borehole Pumps Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Type
    - 8.3.3.2.2. By Application
    - 8.3.3.2.3. By Head
- 8.3.4. South Korea Borehole Pumps Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Type
    - 8.3.4.2.2. By Application
    - 8.3.4.2.3. By Head
- 8.3.5. Australia Borehole Pumps Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Type
    - 8.3.5.2.2. By Application
    - 8.3.5.2.3. By Head

9. South America Borehole Pumps Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Application
- 9.2.3. By Head
- 9.2.4. By Country
9.3. South America: Country Analysis
- 9.3.1. Brazil Borehole Pumps Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Type
    - 9.3.1.2.2. By Application
    - 9.3.1.2.3. By Head
- 9.3.2. Argentina Borehole Pumps Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Type
    - 9.3.2.2.2. By Application
    - 9.3.2.2.3. By Head
- 9.3.3. Colombia Borehole Pumps Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Type
    - 9.3.3.2.2. By Application
    - 9.3.3.2.3. By Head

10. Middle East and Africa Borehole Pumps Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Application
- 10.2.3. By Head
- 10.2.4. By Country
10.3. Middle East and Africa: Country Analysis
- 10.3.1. South Africa Borehole Pumps Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Type
    - 10.3.1.2.2. By Application
    - 10.3.1.2.3. By Head
- 10.3.2. Saudi Arabia Borehole Pumps Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Type
    - 10.3.2.2.2. By Application
    - 10.3.2.2.3. By Head
- 10.3.3. UAE Borehole Pumps Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Type
    - 10.3.3.2.2. By Application
    - 10.3.3.2.3. By Head
- 10.3.4. Kuwait Borehole Pumps Market Outlook
  - 10.3.4.1. Market Size & Forecast
    - 10.3.4.1.1. By Value
  - 10.3.4.2. Market Share & Forecast
    - 10.3.4.2.1. By Type
    - 10.3.4.2.2. By Application
    - 10.3.4.2.3. By Head
- 10.3.5. Turkey Borehole Pumps Market Outlook
  - 10.3.5.1. Market Size & Forecast
    - 10.3.5.1.1. By Value
  - 10.3.5.2. Market Share & Forecast
    - 10.3.5.2.1. By Type
    - 10.3.5.2.2. By Application
    - 10.3.5.2.3. By Head

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Company Profiles

13.1. KSB SE And Co. KGAA
- 13.1.1. Business Overview
- 13.1.2. Key Revenue and Financials
- 13.1.3. Recent Developments
- 13.1.4. Key Personnel/Key Contact Person
- 13.1.5. Key Product/Services Offered
13.2. Grundfos Holding A/S
13.3. Xylem Inc.
13.4. Franklin Electric Co., Inc.
13.5. Ebara Corporation
13.6. Calpeda S.p.A.
13.7. Davey Water Products Pty Ltd (Davey)
13.8. Rovatti A. & Figli Pompe S.p.a.
13.9. STAIRS INDUSTRIAL CO. LTD.
13.10. Pentair Plc