Hydraulic Submersible Pumps Market size was over USD 13.33 billion in 2024 and is anticipated to cross USD 26.09 billion by 2037, growing at more than 5.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of hydraulic submersible pumps is estimated at USD 13.93 billion.
As the advancement in industry infrastructure is growing at a rapid rate, there is a growing need for hydraulic submersible pumps which helps in treating sewage and waste water and also improves the efficiency in water management processes.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
5.3% |
Base Year Market Size (2024) |
USD 13.33 billion |
Forecast Year Market Size (2037) |
USD 26.09 billion |
Regional Scope |
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The market is segmented by application into industrial, commercial, municipal, dewatering, and agricultural. Based on this, the segment for industrial is anticipated to hold the leading share in the market on account of wide-scale application in industrial usage such as in sewage, wastewater, and other effluent treatment activities, drainage of water from holes in mining & construction activities, and providing continuous supply of water for various processes.
Our in-depth analysis of the global market includes the following segments
By Product |
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By Impeller |
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By Application
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APAC Market Statistics
On the basis of regional analysis, the global hydraulic submersible pumps market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region Asia Pacific industry is predicted to account for largest revenue share by 2037, due to presence of leading manufacturers in the region. Moreover, the advancement in technology and innovation in pumps used in agricultural, industrial, residential and infrastructural development in this region further increases the product demand. Moreover, huge investments made in building city infrastructure, in commercial and domestic water extraction as well as irrigation activities in the region, coupled with the emerging urban development and the expansion in the capacity of water treatment and sewage treatment plants are some of the factors anticipated to raise the demand for hydraulic submersible pumps in the region.
Author Credits: Shweta Patidar
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