Hydraulic Submersible Pumps Market Size

Hydraulic Submersible Pumps Market size was over USD 12.66 billion in 2023 and is projected to exceed USD 24.77 billion by the end of 2036, growing at over 5.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of hydraulic submersible pumps is evaluated at USD 13.2 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.