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Global Submersible Pump Market 2018-2022

Global Submersible Pump Market 2018-2022

About this market

IoT devices are increasingly being adopted by key-end user industries such as oil and gas for data capture and in-depth monitoring. This have resulted in improved overall performance efficiency for submersible pumps. The moderate recovery in crude oil prices in 2017 have prompted rig operators and oil producers to focus on the improvement of energy efficiency of oilfields. Pressure, oil viscosity, market prices, and oil well conditions are some of the factors which affect daily oil production. Several key vendors such as Flowserve, Sulzer, and Grundfos are offering IoT enabled submersible pumps. These devices help in real time data collection and allows remote access and faster troubleshooting of oilfield equipment. Thus, the growing adoption of IoT in oil and gas industry will drive the growth of the submersible pump market during the forecast period. Technavio’s analysts have predicted that the submersible pump market will register a CAGR of close to 4% by 2022.

Market Overview

Rapid growth in construction sector

The construction and renovation sector have witnessed a rapid growth in developed economies such as the US and countries in Western Europe. Emerging economies of the APAC region such as India, China, and South East Asian countries also witnessed significant growth in the construction sector. Submersible pumps are used to pump water, slurries and wastewater at construction sites. Thus, the increase in construction activities all around the world will boost the growth of the submersible pump market.

High ownership and maintenance costs

Submersible pumps are costlier than jet pumps. Moreover, the cost of installation, maintenance, and equipment and spares of submersible pumps are much higher than other types of pumps. Several vendors such as Xylem and KSB are offering submersible pumps on rent to end-user industries such as oil and gas. This will result in huge losses for submersible pump manufacturers. Thus, the high ownership and maintenance cost of submersible pumps are hampering the growth of the market during the forecast period.

For the detailed list of factors that will drive and challenge the growth of the submersible pump market during 2018-2022, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Flowserve, and Grundfos the competitive environment is quite intense. Factors such as the rapid growth in global construction activities, will provide considerable growth opportunities to submersible pump manufacturers. Flowserve, Grundfos, Schlumberger, Sulzer, and The Weir Group are some of the major companies covered in this report.


  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global pumps market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global submersible pump market - Market size and forecast 2017-2022 ($ mn)
      • Table Global submersible pump market - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by operation
    • Segmentation by operation
      • Table Global submersible pump market - Market share by operation 2017-2022 (%)
    • Comparison by operation
      • Table Comparison by operation
    • Global multistage submersible pumps - Market size and forecast 2017-2022
      • Table Global multistage submersible pumps - Market size and forecast 2017-2022 ($ mn)
      • Table Global multistage submersible pumps - Year-over-year growth 2018-2022 (%)
    • Global single stage submersible pumps - Market size and forecast 2017-2022
      • Table Global single stage submersible pumps - Market size and forecast 2017-2022 ($ mn)
      • Table Global single stage submersible pumps - Year-over-year growth 2018-2022 (%)
    • Market opportunity by operation
      • Table Market opportunity by operation
  • Market segmentation by type
    • Segmentation by type
      • Table Global submersible pump market - Market share by type 2017-2022 (%)
    • Comparison by type
      • Table Comparison by type
    • Global borewell submersible pump market - Market size and forecast 2017-2022
      • Table Global borewell submersible pump market - Market size and forecast 2017-2022 ($ mn)
      • Table Global borewell submersible pump market - Year-over-year growth 2018-2022 (%)
    • Global open well submersible pump market - Market size and forecast 2017-2022
      • Table Global open well submersible pump market - Market size and forecast 2017-2022 ($ mn)
      • Table Global open well submersible pump market - Year-over-year growth 2018-2022 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Segmentation by end-user
      • Table Global submersible pump market - Market share by end-user 2017-2022 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Water and wastewater management - Market size and forecast 2017-2022
      • Table Water and wastewater management - Market size and forecast 2017-2022 ($ mn)
      • Table Water and wastewater management - Year-over-year growth 2018-2022 (%)
    • Mining and construction - Market size and forecast 2017-2022
      • Table Mining and construction - Market size and forecast 2017-2022 ($ mn)
      • Table Mining and construction - Year-over-year growth 2018-2022 (%)
    • Others - Market size and forecast 2017-2022
      • Table Others - Market size and forecast 2017-2022 ($ mn)
      • Table Others - Year-over-year growth 2018-2022 (%)
    • Petroleum - Market size and forecast 2017-2022
      • Table Petroleum - Market size and forecast 2017-2022 ($ mn)
      • Table Petroleum - Year-over-year growth 2018-2022 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Regional landscape
    • Geographical segmentation
      • Table Global submersible pump market - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ mn)
      • Table APAC - Year-over-year growth 2018-2022 (%)
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ mn)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ mn)
      • Table Americas - Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive landscape
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Flowserve
      • Table Flowserve overview
      • Table Flowserve - Business segments
      • Table Flowserve - Organizational developments
      • Table Flowserve - Geographic focus
      • Table Flowserve - Segment focus
      • Table Flowserve - Key offerings
    • Grundfos
      • Table Grundfos overview
      • Table Grundfos - Market segments
      • Table Grundfos - Organizational developments
      • Table Grundfos - Geographic focus
      • Table Grundfos - Key offerings
    • Schlumberger
      • Table Schlumberger overview
      • Table Schlumberger - Product segments
      • Table Schlumberger - Organizational developments
      • Table Schlumberger - Geographic focus
      • Table Schlumberger - Segment focus
      • Table Schlumberger - Key offerings
    • Sulzer
      • Table Sulzer overview
      • Table Sulzer - Business segments
      • Table Sulzer - Organizational developments
      • Table Sulzer - Geographic focus
      • Table Sulzer - Segment focus
      • Table Sulzer - Key offerings
    • The Weir Group
      • Table The Weir Group overview
      • Table The Weir Group - Business segments
      • Table The Weir Group - Organizational developments
      • Table The Weir Group - Geographic focus
      • Table The Weir Group - Segment focus
      • Table The Weir Group - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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