Who are the key players in Asia Pacific Submersible Pump Market?

Schlumberger Limited, Sulzer AG, Flowserve Corporation, Atlas Copco AB and Havells India Ltd. are the major companies operating in the Asia Pacific Submersible Pump Market. Read More

Asia Pacific Submersible Pump Market Size

Market Size of Asia Pacific Submersible Pump Industry

Asia Pacific Submersible Pump Market Summary

Study Period	2020 - 2029
Base Year For Estimation	2023
Market Size (2024)	USD 5.62 Billion
Market Size (2029)	USD 7.94 Billion
CAGR (2024 - 2029)	7.20 %
Market Concentration	Medium
Major Players *Disclaimer: Major Players sorted in no particular order

Asia Pacific Submersible Pump Market Analysis

The Asia Pacific Submersible Pump Market size is estimated at USD 5.62 billion in 2024, and is expected to reach USD 7.94 billion by 2029, growing at a CAGR of 7.20% during the forecast period (2024-2029).

Over the medium term, increasing investments in end-user industries are expected to drive the market's growth.
On the other hand, high maintenance and operation costs and volatility in oil and gas prices are expected to hamper the Asia-Pacific submersible pump market growth during the forecast period.
Nevertheless, retrofitting, upgrading aging, existing infrastructure, and new technology innovations will likely create lucrative growth opportunities for the Asia-Pacific submersible pump market in the forecast period.
China dominates the market, and it is also likely to witness the highest CAGR during the forecast period. This growth is attributed to the increasing investments and supportive government policies in the end-user industries.

Asia Pacific Submersible Pump Industry Segmentation

A submersible pump is a mechanical equipment that pushes the water toward the surface instead of pulling. It has a hermetically sealed motor connected to the pump body that helps to move the fluid toward the surface. It is the most famous type of centrifugal pump.

The Asia-Pacific submersible pump market is segmented by Type (Borewell Submersible Pump, Open-well Submersible Pump, and Non-clog Submersible Pump), Drive Type (Electric, Hydraulic, and Other Drive Types), Head (Below 50 m, Between 50 m to 100 m, and Above 100 m), and End User (Water and Wastewater, Oil and Gas Industry, Mining and Construction Industry, and Other End Users). The report also covers the size and forecasts for the Asia-Pacific submersible pump market across major regions. The report offers the market size and forecasts for the Asia-Pacific submersible pumps market in revenue (USD) for all the above segments.

Type
		Borewell Submersible Pump
		Openwell Submersible Pump
		Non-clog Submersible Pump

Drive Type
		Truck
		Electric
		Hydraulic
		Other Drive Types

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

End User
		Water and Wastewater
		Oil and Gas Industry
		Mining and Construction Industry
		Other End Users

Geography
		China
		India
		Japan
		South Korea
		Rest of Asia-Pacific

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Asia Pacific Submersible Pump Market Size Summary

The Asia Pacific submersible pump market is poised for significant growth over the forecast period, driven by increasing investments in various end-user industries. Despite challenges such as high maintenance costs and fluctuating oil and gas prices, the market is expected to benefit from opportunities in retrofitting and upgrading aging infrastructure, as well as advancements in technology. China is a dominant player in this market, with its growth fueled by supportive government policies and substantial investments in sectors like oil and gas, wastewater treatment, and construction. The country's commitment to expanding infrastructure and boosting domestic production of unconventional energy sources, such as shale gas, further underscores its pivotal role in the region's submersible pump market.

The oil and gas industry in the Asia Pacific region is a significant contributor to the demand for submersible pumps, with activities such as crude oil production and natural gas exploration driving market growth. The recovery in crude oil prices and improvements in production efficiency are expected to enhance the market's prospects. Additionally, initiatives like the installation of solar PV irrigation pumps in India highlight the region's focus on sustainable energy solutions, which may also impact the submersible pump market. Key players in the market include Schlumberger Limited, Sulzer AG, Flowserve Corporation, Atlas Copco AB, and Havells India Ltd., all of which are instrumental in shaping the competitive landscape of the Asia Pacific submersible pump market.

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Asia Pacific Submersible Pump Market Size - Table of Contents

1. MARKET OVERVIEW
1. 1.1 Introduction
2. 1.2 Market Size and Demand Forecast in USD, till 2028
3. 1.3 Recent Trends and Developments
4. 1.4 Government Policies and Regulations
5. 1.5 Market Dynamics
  1. 1.5.1 Drivers
  2. 1.5.2 Restraints
6. 1.6 Supply Chain Analysis
7. 1.7 Porter's Five Forces Analysis
  1. 1.7.1 Bargaining Power of Suppliers
  2. 1.7.2 Bargaining Power of Consumers
  3. 1.7.3 Threat of New Entrants
  4. 1.7.4 Threat of Substitute Products and Services
  5. 1.7.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION
1. 2.1 Type
  1. 2.1.1 Borewell Submersible Pump
  2. 2.1.2 Openwell Submersible Pump
  3. 2.1.3 Non-clog Submersible Pump
2. 2.2 Drive Type
  1. 2.2.1 Truck
  2. 2.2.2 Electric
  3. 2.2.3 Hydraulic
  4. 2.2.4 Other Drive Types
3. 2.3 Head
  1. 2.3.1 Below 50 m
  2. 2.3.2 Between 50 m to 100 m
  3. 2.3.3 Above 100 m
4. 2.4 End User
  1. 2.4.1 Water and Wastewater
  2. 2.4.2 Oil and Gas Industry
  3. 2.4.3 Mining and Construction Industry
  4. 2.4.4 Other End Users
5. 2.5 Geography
  1. 2.5.1 China
  2. 2.5.2 India
  3. 2.5.3 Japan
  4. 2.5.4 South Korea
  5. 2.5.5 Rest of Asia-Pacific

Asia Pacific Submersible Pump Market Size FAQs

How big is the Asia Pacific Submersible Pump Market?

The Asia Pacific Submersible Pump Market size is expected to reach USD 5.62 billion in 2024 and grow at a CAGR of 7.20% to reach USD 7.94 billion by 2029.