| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2020 - 2023 |
| CAGR | 5.52 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Americas Hydraulic Submersible Pumps Market Analysis
The Americas Hydraulic Submersible Pumps Market is expected to register a CAGR of less than 5.52% during the forecast period.
- The oil and gas segment dominated the Americas hydraulic submersible pumps market in 2019, and it is expected to witness the highest growth rate in the future, owing to government plans to encourage unconventional resource development and several upcoming brownfield refinery projects and refinery expansion plans in the Americas.
- With favorable government support and rising oil prices, exploration and production activities are expected to increase. This presents an opportunity for ample growth for hydraulic submersible pump manufacturers, in the coming years, to provide hydraulic submersible pumps capable of operating in high suction areas and complex multiphase production in subsea areas.
- The oil and gas industry in the United States is providing a huge impetus to the hydraulic submersible pump market, on account of widespread investments in oil and gas projects, in the coming years.
Americas Hydraulic Submersible Pumps Market Trends
The Oil and Gas Segment to Witness Highest Growth Rate
- The oil and gas segment was estimated to hold the largest share in the market in 2019 and is expected to witness the highest growth rate in the future.
- The increasing exploitation of shale reserves is expected to result in increased production of wastewater. As hydraulic submersible pumps are used for wastewater and effluent removal, the increasing exploitation of shale reserves in countries, like the United States and Canada, are expected to drive the demand for hydraulic submersible pumps during the forecast period.
- Moreover, as the government plans to encourage unconventional resource development in the coming years, the number of wells to be drilled in Canada is expected to increase to approximately 7,900 wells in 2018, as compared to 7,550 wells in 2017.
- Further, there are several upcoming brownfield refinery projects and refinery expansion plans in the Americas (particularly the United States, Mexico, Brazil, and Argentina, among others), which are expected to drive the demand for hydraulic submersible pumps for pumping and wastewater treatment purposes.
Understand The Key Trends Shaping This Market
Download PDF
United States to Dominate the Market
- Increasing exploitation of shale reserves in the country has resulted in increased production of wastewater. Shale exploitation consumes more than 20 million gallons of water per well. The lack of availability of water and government regulations on wastewater treatment are encouraging the industry to treat the produced water. As hydraulic submersible pumps are ideally used for wastewater and effluent removal, the increasing exploitation of shale reserves in the country is expected to drive the demand for hydraulic submersible pumps during the forecast period.
- The oil and gas industry in the United States is providing a huge impetus to the hydraulic submersible pump market, on account of widespread investments in oil and gas projects, in the coming years. Nearly USD 76 billion is expected to be spent on 97 upcoming oil and gas projects in the country, between 2018 and 2025, thus, creating widespread opportunities for the hydraulic submersible pumps business.
- Before the downfall in the commodity prices, the US Gulf of Mexico accounted for around 25% of the crude oil production. Though the crude oil price recovered in 2017, major growth was witnessed in onshore areas. The reason being high CAPEX and OPEX in offshore, compared to onshore shale.
Get Analysis on Important Geographic Markets
Download PDF
Americas Hydraulic Submersible Pumps Industry Overview
The Americas hydraulic submersible pumps market is fragmented. The major companies include Atlas Copco AB, BAKERCORP, Cornell Pump Company, The Gorman-Rupp Company, and Griffin Dewatering Corporation.
Americas Hydraulic Submersible Pumps Market Leaders
-
Atlas Copco AB
-
BAKERCORP
-
Cornell Pump Company
-
The Gorman-Rupp Company
-
Griffin Dewatering Corporation
- *Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competiters?
Download PDF
Americas Hydraulic Submersible Pumps Industry Segmentation
The Americas hydraulic submersible pumps market report includes:
| End-user Industry | Oil and Gas |
| Agricultural | |
| Mining | |
| Others (Wastewater, Pulp and Paper, etc.) | |
| Flow Range | Less than 1,000 m-3 hour |
| More than 1,000 m-3 hour | |
| Geography | North America |
| South America |
Need A Different Region or Segment?
Customize Now
Americas Hydraulic Submersible Pumps Market Research FAQs
What is the current Americas Hydraulic Submersible Pumps Market size?
The Americas Hydraulic Submersible Pumps Market is projected to register a CAGR of less than 5.52% during the forecast period (2025-2030)
Who are the key players in Americas Hydraulic Submersible Pumps Market?
Atlas Copco AB, BAKERCORP, Cornell Pump Company, The Gorman-Rupp Company and Griffin Dewatering Corporation are the major companies operating in the Americas Hydraulic Submersible Pumps Market.
What years does this Americas Hydraulic Submersible Pumps Market cover?
The report covers the Americas Hydraulic Submersible Pumps Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Americas Hydraulic Submersible Pumps Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Our Best Selling Reports
Americas Hydraulic Submersible Pumps Industry Report
Statistics for the 2025 Americas Hydraulic Submersible Pumps market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Americas Hydraulic Submersible Pumps analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
