Submersible pump market is anticipated to grow at a CAGR of 6.5% during the forecast period. The requirement for the submersible pump is increasing to resist floods in various regions. In floods, the defense government is adopting submersible pumps to handle the situation. Key players are providing submersible pumps with high technology to stay competitive in the market. For instance, in October 2022, Sulzer was awarded a contract from Ringkøbing Fjord (water utility) to provide submersible pumps to handle an increased risk of flooding in Denmark. Ringkøbing Fjord has installed two new pumping stations to mitigate the impact of rising water levels during rain, drainage, and cloudburst water.
The new facilities will protect the town and the surrounding countryside for the next 40 years and far beyond. Each pumping station was designed with a base load pump to handle the day-to-day drainage water and three or four peak load pumps, which operate in a duty/assist/standby arrangement. The Ringkøbing has a pumping capacity of 1,582 liters per second (417 gallons per second)and Skælbækker have a pumping capacity of 2,254 liters per second (595 gallons per second). Moreover, Sulzer supplies one XFP submersible pump for the base load and three VUPX vertical column pumps for the peak load task for Ringkøbing pumping and one XFP submersible pump for the base load, and four VUPX vertical column pump for the peak load task for the adjacent Skælbækker station.
Moreover, to cater to the increasing demand for submersible pumps, key players are launching new products to stay competitive in the market. For instance, in February 2022, Shakti Pumps (India) Ltd, a manufacturer of energy-efficient pumps and motors launched a 4-inch Plug and Play Submersible Pump. The product is specially designed for achieving higher efficiency with lower operational costs. The product can be operated without any control box. It is designed to work with a range of 1HP, 1.5HP, 2HP, and 3HP.
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Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Type
- By Application
- By Sector
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- including Atlas Copco UK Holdings, C.R.I. Pumps Pvt Ltd., Flowserve Corp., Grundfos Pumps India Pvt Ltd., KSB SE & Co. KGaA, Pleuger Industries, SAER Elettropompe S.p.A., and others.
Submersible Pump Market Report Segment
By Type
- Electrical
- Hydraulic
- Air-Driven
By Application
- Open Pit
- Borewell
By Sector
- Industrial
- Agricultural
- Domestic
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Submersible Pump Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Atlas Copco UK Holdings
- R.I. Pumps Pvt Ltd.
- Flowserve Corp.
- Grundfos Pumps India Pvt Ltd.
- KSB SE & Co. KGaA
- Pleuger Industries
- SAER Elettropompe S.p.A.
- Sulzer Ltd.
- Tsurumi Manufacturing Co. Ltd
- Wilo SE
- Xylem Inc.
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