Submersible Pump Market to Reach 20.58 Billion by 2026; Launch of New Drainage Pumps by Tsurumi to Encourage Growth

The global submersible pump market size is predicted to reach 20.58 billion by 2026. The increasing construction activities and refurbishment of existing infrastructure in developing countries will create growth opportunities for the market. Moreover, the rapid urbanization and industrialization will boost the submersible pump market revenue. In addition, the increasing agriculture and cultivation of vegetables and fruits will spur business opportunities for the market during the forecast period, mentioned in a report, titled “Submersible Pump Market Size, Share and Industry Analysis, By Capacity (Low, Medium, High), By Pump Type (Electrical Submersible Pumps, Grinder Pumps, Effluent Pumps, Bilge Pumps, Others), By End-User (Residential & Commercial, Water & Wastewater, Mining, Agriculture, Oil & Gas, Chemicals, Construction, Others) and Regional Forecast, 2019-2026” the market size stood at USD 12.95 billion in 2018 and is predicted to register a CAGR of 6.0% between 2019 to 2026.

Introduction of New Single-Stage Drainage Pumps by Tsurumi to Boost Market Prospects

Tsurumi, a leading manufacturer of a complete range of products including submersible pumps, generators, and process equipment, unveiled two new single-stage drainage pumps called HS3.75SL and HSZ3.75SL. The launch of the two novel pumps can be a critical factor in accelerating the submersible pumps market share owing to its design and operational qualities for low head & high volume drainage capacity along with high suitability for construction work or application. Furthermore, the launch of innovative and advanced pumps by leading players will stimulate  the submersible pump market growth. For instance, in september 2019 – Sulzer introduced a new unit to its submersible dewatering pump offerings. The addition, namely, XJ900, is aimed to deliver reliable and economical operations owing to its low operational losses coupled with high-efficiency motor usage. In addition, the growing surge in chemical factors and plants in countries around the world will propel the market growth.

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Emphasis on Water Management to Enable Speedy Expansion

The increasing water pollution and contamination of drinking water has raised concerns in various countries. Government organisations are implementation stringent laws to eliminate water pollution and contamination, which in turn will augur well for the market.  For instance, in May 2018, the government of Gujrat introduced a policy named Reuse of Treated Waste Water Policy. The framework is aimed to reduce the reliance on the regional freshwater sources like rivers and support the set-up of Sewage Treatment Plants (STP) in the state. In addition, the rising government initiatives can be vital factor in aiding the growth of the market.

Increasing R&D Investments by Key Players to Support Market Growth

The prominent players in the market are focused on R&D for the development of advanced pumps, which in turn will accelerate the submersible pump market trends. For instance, in July 2019, Xylem, launched a new Flygt submersible pump model by to strengthen its presence in industrial applications and sectors such as aquaculture and food. Moreover, Xylem inaugurated a technological center in Singapore dedicated to its customer base in the region. The new advanced hub will emphasize on developing innovative energy, wastewater, and water technologies.

The Report Lists the Main Companies in the Submersible Pump Market

• Crompton Greaves Consumer Electricals Limited (India)


• Sulzer (Switzerland)


• Pedrollo S.p.A. (Italy)


• ZUWA-Zumpe GmbH (Germany)


• Weatherford (U.S.)


• Homa Pumpenfabrik GmbH (Germany)


• Xylem Inc. (U.S.)


• Kirloskar Brothers Limited (India)


• oddesse Pumpen- Und Motorenfabrik GmbH (Germany)


• Zoeller Company (U.S.)


• KSB Company (U.S.)


• Quadt Kunststoffapparatebau GmbH (Germany)


• Multiquip Inc. (U.S.)


• TSURUMI PUMP (Japan)


• Hitachi America (U.S.)


• GRUNDFOS (Denmark)


• Caprari (Italy)

Further Report Findings:

• Regional Analysis : The market in Asia Pacific stood at USD 4.22 billion in 2018 and is predicted to grow rapidly during the forecast period owing to the increasing exploration activities in the region. The market in Middle East & Africa is predicted to witness high growth rate in the forthcoming years owing to rising construction activities in the developing countries.


• Leading Segment: The water & wastewater sector is predicted to dominate the market owing to the rising stringent government norms coupled with flexible installation & operations.

The Submersible Pump Market is Segmented into: