Submersible Pump Market to Grow at a CAGR of 6.58% over 2025 to 2032; Technological Advancements to Drive Market Growth

The global submersible pump market size was valued at USD 16.32 billion in 2024. It is projected to grow from USD 17.76 billion in 2025 and is expected to reach USD 27.74 billion by 2032, exhibiting a CAGR of 6.58% during the forecast period. Fortune Business Insights™ presents this information in its report titled “Submersible Pump Market Size, Share & Industry Analysis, By Capacity (Low, Medium, and High), By Pump Type (Electrical Submersible Pumps, Grinder Pumps, Effluent Pumps, Bilge Pumps, and Others), By End-User (Residential & Commercial, Water & Wastewater, Mining, Agriculture, Oil & Gas, Chemicals, Construction, and Others), and Regional Forecast, 2025-2032”.

Submersible pumps are fully immersed machines designed to transport liquids, featuring a hermetically sealed motor encased in a waterproofing housing to prevent damage and leakage. Ongoing innovations aimed at boosting performance, extending lifespan, and cutting energy use are expected to fuel market expansion.

Grundfos Introduced SE series 48 1.5-15Hp Submersible Pumps to Manage Significant Volumes of Wastewater

Grundfos launched its SE series 48 1.5-15Hp submersible pumps in April 2024, tailored for high-volume wastewater and raw sewage handling in critical applications. With advanced anti-blockage technology, the pumps enhance plant uptime while minimizing operational expenses in municipal and industrial settings.    

Increasing Agricultural Activities to Bolster the Growth of the Industry

Rising agricultural demand and industrial expansion are fueling the submersible pump market growth. Farmers increasingly adopt modern irrigation techniques that depend on these pumps for consistent water supply. The industries also utilize such pumps for key applications such as dewatering, process water delivery, and site drainage. Their robust design and adaptability make them indispensable across multiple sectors.

In addition, the push for sustainable and cost-effective water solutions is driving demand for energy-efficient submersible pumps, including solar-powered models in remote agriculture regions. Smart technologies with IoT sensors and automation are transforming pump performance by improving control, reducing downtime, and supporting Industry 4.0 integration. 

However, maintenance challenges in underwater settings could deter the growth of the market during the upcoming years. 

Industry Participants Focus on Expansion to Meet Rising Global Need

Global submersible pump market includes KSB Limited, Kirloskar Brothers Limited, and Grundfos. Kirloskar Brothers Limited manufactures a wide range of high-capacity pumps and operates with 14 modern production facilities, enhancing its ability to meet global demand through a growing supply network.  

List of Key Players Mentioned in the Report

• Grundfos Holding A/S (Denmark)


• Sulzer Ltd (Switzerland)


• KSB Limited (India)


• Xylem (U.S.)


• Zoeller Company (U.S.)


• Kirloskar Brothers Limited (India)


• Hitachi Industrial Equipment Systems Co., Ltd. (Japan)


• Tsurumi Pump (Japan)


• Crompton Greaves Consumer Electricals Limited (India)


• Atlas Copco (Sweden)


• Shakti Pumps (India)


• Wilo SE (Germany)

Key Industry Development:

• September 2022- The KP4 Jalraaj UVA series submersible pump was unveiled by Kirloskar Brothers Limited, which provides high efficiency and reduces power usage.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/submersible-pump-market-101654

Further Report Findings

• Asia Pacific is set to capture the key submersible pump market share due to rapid industrialization, urban growth, and expanding agriculture. The region’s economic rise and water management challenges, such as scarcity and flooding, are driving demand for efficient solutions. These pumps play a key role in water extraction, flood control, and resource management.


• The market in North America benefits from developed industries, advanced agriculture, and regulatory focus on efficient water use. In the U.S., innovation plays a key role, with intelligent features, automated controls, and energy-saving technologies enhancing pump reliability and efficiency. These upgrades are accelerating adoption across diverse applications, driving market expansion.         


• The market in Latin America is growing, supported by urban expansion, and rising populations in countries such as Mexico and Brazil. Efforts to upgrade water and wastewater infrastructure are fueling the need for efficient and durable pumping systems.  

Table of Segmentation