Submersible Pump Industry - Regional Scope
APAC Market Forecast
The Asia Pacific submersible pump market is projected to account for 36.8% of the global revenue share through 2037. The swiftly expanding chemical sector is poised to offer high-earning opportunities for submersible pump manufacturers. The active public funding initiatives in the chemical field are set to boost the sales of submersible pumps in the coming years. The urban growth leading to high water demand is also fueling the application of submersible pumps in water and wastewater treatment plants. The rise in public-private investments is likely to increase the production and commercialization of submersible pumps in the region.
In India, the submersible pump market is expected to expand at a rapid CAGR during the study period. The industrial and urban growth is expected to increase the adoption of submersible pumps in several industries. The Ministry of Chemicals and Fertilizers and the Department of Science & Technology are actively focusing on funding initiatives to increase the application of submersible pumps in the chemical sector. The public spending on eco-friendly pumping technologies grew by 22.5% between 2015 to 2023.
China’s chemical manufacturing capacities are foreseen to dominate the sales of submersible pumps in the years ahead. The positive foreign direct investments and rising capital expenditure are poised to fuel the demand for submersible pumps. As per the analysis by the Ministry of Ecology and Environment and the National Development and Reform Commission (NDRC), the public spending on submersible pump technologies rose by 18.5% from 2018 to 2023. The green shift is set to drive innovation in the industrial-grade submersible pumps.
North America Market Statistics
The North America submersible pump market is likely to increase at a CAGR of 5.4% from 2025 to 2037. The robust investment in the municipal water infrastructure upgrade programs is estimated to fuel the application of submersible pumps in the coming years. The planned and ongoing water and wastewater treatment platforms are poised to boost the sales of advanced submersible pumping technologies. The industry 4.0 initiatives are increasing he application of next-gen submersible pumps in both the U.S. and Canada.
The robust innovations in the industrial sector are set to propel the demand for submersible pumps in the U.S. The clean energy and sustainable manufacturing programs are expected to increase the production and commercialization of eco-friendly submersible pumps. The government invested around USD 2.4 billion in clean energy chemical production in 2022. The favorable government initiatives and funding moves are anticipated to fuel the application of submersible pumps.
The swiftly increasing oil sands operations are creating a profitable environment for submersible pump manufacturers in Canada. The submersible pump market growth in investments by both the public and private entities is set to accelerate the sales of innovative submersible pumps. The chemical sector is also set to fuel the application of submersible pumps in the years ahead. The need for advanced technologies to handle corrosive fluids and sustainable chemical manufacturing initiatives is expected to increase the sales of submersible pumps.
