Submersible Pump Market Analysis

Type (Open-Well Submersible Pump, Bore-Well Submersible Pump)

The bore-well submersible pump market is estimated to gain the largest revenue share of about 60% in the year 2037. The growth of the segment can be attributed to the increasing usage of groundwater. Since surface water, such as lakes and rivers are depleting rapidly, therefore the popularity of bore submersible pumps are becoming increasingly important in both residential and commercial sectors. On the other hand, rising urbanization and a growing population are increasing the demand for water and thus driving the growth of the bore-well submersible segment.

Head Type (Below 50 m, 50 m-100 m, Above 100 m)

The above 100 m segment is expected to garner a significant share of around 41% in 2037. The deep levels of freshwater bodies are the major growth factor of the segment growth. Usually, in water distribution activities, water is extracted from lakes and rivers, which are mostly above 100 meters levels. Therefore, the need for a pump with a head height over 100 m becomes increasingly important. Moreover, lakes are often located more than 395 meters below sea level. Additionally, Lake Baikal in Russia is the world's deepest lake. In spots, its bottom is nearly 2 kilometers (more than 1 mile) below the surface.

Our in-depth analysis of the global market includes the following segments: