How big is the Submersible Pumps Market?

The Submersible Pumps Market size is expected to reach USD 18.83 billion in 2024 and grow at a CAGR of 8.20% to reach USD 27.92 billion by 2029. Read More

What is the current Submersible Pumps Market size?

In 2024, the Submersible Pumps Market size is expected to reach USD 18.83 billion. Read More

Who are the key players in Submersible Pumps Market?

Borets International Ltd, Flowserve Corporation, Sulzer Limited, Grundfos Group and Gorman-Rupp Co are the major companies operating in the Submersible Pumps Market. Read More

Which is the fastest growing region in Submersible Pumps Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Submersible Pumps Market?

In 2024, the Asia Pacific accounts for the largest market share in Submersible Pumps Market. Read More

What years does this Submersible Pumps Market cover, and what was the market size in 2023?

In 2023, the Submersible Pumps Market size was estimated at USD 17.29 billion. The report covers the Submersible Pumps Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Submersible Pumps Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Submersible Pumps Market Share

Statistics for the 2023 & 2024 Submersible Pumps market share, created by Mordor Intelligence™ Industry Reports. Submersible Pumps share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Submersible Pumps Industry

The market for submersible pumps remains to be fragmented. Some of the key players include (not in particular order) Borets International Ltd, Gorman-Rupp Co, Flowserve Corporation, Grundfos Group, and Sulzer Ltd., among others.

In March 2022, Flowserve Corporation signed an agreement with Gradiant to help handle the most challenging problems in water and wastewater treatment. This partnership is going to combine Flowserve’s flow control solutions and product expertise with Gradiant’s innovative, tailored water treatment technology to provide distinctive total water treatment solutions for customers. Flowserve also persists in upgrading its water portfolio with market-leading flow control products and solutions for the water industry. Recent accumulations include the H2O+ submersible pump, a suite of highly efficient pumps for desalination, and the RedRaven IoT platform.