Europe Asia Submerged Pump Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 5.83 Billion |
| Market Size (2029) | USD 7.76 Billion |
| CAGR (2024 - 2029) | 5.90 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Asia Submerged Pump Market Analysis
The Europe Asia Submerged Pump Market size is estimated at USD 5.83 billion in 2024, and is expected to reach USD 7.76 billion by 2029, growing at a CAGR of 5.90% during the forecast period (2024-2029).
- Over the medium term, factors such as the strict regulations for wastewater treatment across the residential and industrial sectors and the rising use of pumps for recovery in the oil and gas and mining industries are expected to drive the Europe-Asia submerged pump market during the forecast period.
- On the other hand, factors such as high operation and maintenance costs and volatility in oil and gas prices will restrain the growth of the Europe-Asia submerged pump market.
- Nevertheless, initiatives to upgrade aging wastewater and water treatment facilities infrastructure in developed regions like Europe and Asia toward the end of their operational life cycle are likely to create a growth opportunity for the submersible pumps market during the forecast period.
- Countries such as China, India, Japan, and South Korea are expected to dominate the market during the forecast period due to rapid industrialization and increasing urbanization in these rising economies.
Europe Asia Submerged Pump Market Trends
Water and Wastewater is Expected to be a Significant Segment
- It is essential to ensure that wastewater treatment plants operate at maximum efficiency as they perform an essential function for the communities they serve. Reliable submerged pumps can help avoid unexpected downtime and can provide added protection for environmental discharge. They are the most practical solutions for small towns and large cities across Europe and Asia, generating strong demand for the submerged pump market.
- Submersible pumps are used to drain fluids in wastewater treatment plants. They are placed directly in the water or the slurry to provide pumping power for removing fluids from a particular area.
- Submersible pumps offer key advantages that include lower costs than dry-well stations and the ability to operate without frequent pump maintenance in Wastewater treatment plants. In addition, submersible pump stations usually do not require large aboveground structures and easily blend in with the surrounding environment in residential areas.
- In June 2023, the European Union announced its decision to sue Italy for its failure to maintain the urban wastewater treatment standards properly and cope with them. As per the European Union, Italy was unable to treat its wastewater fully from urban, residential, and commercial areas, leading to the discharge of untreated wastewater into water bodies. To manage this, numerous major pump manufacturing companies in Italy undertook expansive decisions that are in progress in the country.
- For instance, in August 2023, SKF Lubrication Systems Germany GmbH (SKF), a subsidiary of SKF Group, signed an agreement with EBARA Pumps Europe SpA (EPE), a group company of Ebara Corporation (EBARA). Both are major manufacturers of submersible pumps used in wastewater treatment facilities, where Ebara will take over the latter’s businesses in Europe. They play a crucial role in wastewater treatment facilities worldwide, thus helping municipalities.
- In February 2023, Landia Pumps from Denmark provided 17 pumps for a new water and wastewater treatment plant in Northeast China for the new facility in Shandong province, which included submersible pumps for handling heavily contaminated liquids, as well as liquids with a high dry matter content.
- In 2023, wastewater utilities in the United Kingdom treated 16.5 million liters of wastewater, showing the importance of submerged pumps in the market in Europe and Asia.
- In the coming years, with the increasing number of wastewater treatment plants, the demand for submerged pumps is expected to increase in Europe.
China is Expected to Dominate the Market
- China is witnessing an increase in industrial activities, thereby increasing the demand for crude oil, natural gas, and chemicals, among others. China has been an essential growth driver for the manufacturing sector worldwide. The country is the leader in the mining and construction industries and is one of the top oil and gas players.
- China is in a growing phase, and the high population growth rate has led to an increased requirement for water supply and wastewater treatment to supply water apart from the demand from the oil and gas industry.
- Submerged pumps have been actively used in underground water extraction in China, thus translating into an increase in demand for submersible water pumps.
- China targets to boost domestic production of unconventional sources like shale gas. It is also estimated that China's shale oil production may reach around 280 billion cubic meters (bcm) by 2035. In January 2024, CNOOC announced total capital expenditure in the range of USD 17.6 billion to USD 19 billion, with targeted net production of 700 million to 720 million barrels of oil equivalent (Mboe) in 2024.
- According to the Energy Institute Statistical Review of World Energy 2024 data, oil production was constantly high in China, increasing by 2.1% in 2023 compared to 2022.
- Thus, China is expected to dominate the market during the forecast period.
Europe Asia Submerged Pump Industry Overview
The submerged pump market in Europe and Asia is semi-fragmented. Some of the major players in the market include Flowserve Corporation, Sulzer Limited, Schlumberger Limited, Ebara Corporation, Weir Group PLC, Grundfos Group, Borets International Ltd, KSB Group, and Tsurumi Manufacturing Co. Ltd.
Europe Asia Submerged Pump Market Leaders
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Flowserve Corporation
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Sulzer Limited
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Ebara Corporation
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KSB Group
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Schlumberger Limited
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Borets International Ltd
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Tsurumi Manufacturing Co Ltd
*Disclaimer: Major Players sorted in no particular order
Europe Asia Submerged Pump Market News
- September 2023: KSB Group supplied a total of Over 300 submerged pumps, including all components from KSB's Amarex KRT and Amarex N range, to the Bailonggang wastewater treatment in Shanghai, Eastern China. It is the biggest wastewater treatment plant in Asia, with the capacity to dispose of wastewater produced by around 3.6 million people.
- June 2023: Tricel Pumps, headquartered in Killarney, Ireland, announced the acquisition of the long-established Edincare Pumps, which offered a variety of pumps and pumping systems, including submerged pumps, macerator pumps, sewage pumps, and packaged pumping stations to the water industry in the United Kingdom.
Europe Asia Submerged Pump Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Scope of the Study
- 1.2 Market Definition
- 1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
- 4.1 Introduction
- 4.2 Market Size and Demand Forecast in USD billion, till 2029
- 4.3 Recent Trends and Developments
- 4.4 Government Policies and Regulations
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4.5 Market Dynamics
- 4.5.1 Drivers
- 4.5.1.1 Strict Regulations for Wastewater Treatment Across Residential and Industrial Sector
- 4.5.1.2 Rising Use for Recovery in the Oil and Gas and Mining Industries
- 4.5.2 Restraints
- 4.5.2.1 High Operation and Maintenance Costs
- 4.5.2.2 Volatility in Oil and Gas Prices
- 4.6 Supply Chain Analysis
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4.7 Porter's Analysis
- 4.7.1 Bargaining Power of Suppliers
- 4.7.2 Bargaining Power of Consumers
- 4.7.3 Threat of New Entrants
- 4.7.4 Threat of Substitutes Products and Services
- 4.7.5 Intensity of Competitive Rivalry
- 4.8 Investment Analysis
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Borewell Submerged Pump
- 5.1.2 Open-well Submerged Pump
- 5.1.3 Non-clog Submerged Pump
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5.2 Drive Type
- 5.2.1 Electric
- 5.2.2 Hydraulic
- 5.2.3 Other Drive Types
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5.3 Head
- 5.3.1 Below 50 m
- 5.3.2 Between 50 m To 100 m
- 5.3.3 Above 100 m
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5.4 End User
- 5.4.1 Water and Wastewater
- 5.4.2 Oil and Gas Industry
- 5.4.3 Mining and Construction Industry
- 5.4.4 Other End Users
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5.5 Geography
- 5.5.1 Europe
- 5.5.1.1 France
- 5.5.1.2 Germany
- 5.5.1.3 United Kingdom
- 5.5.1.4 Russia
- 5.5.1.5 Turkey
- 5.5.1.6 Spain
- 5.5.1.7 Nordic Countries
- 5.5.1.8 Rest of Europe
- 5.5.2 Asia
- 5.5.2.1 China
- 5.5.2.2 India
- 5.5.2.3 Japan
- 5.5.2.4 Rest of Asia
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Strategies Adopted by Leading Players
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6.3 Company Profiles
- 6.3.1 Market Players
- 6.3.1.1 Flowserve Corporation
- 6.3.1.2 Sulzer Limited
- 6.3.1.3 Ebara Corporation
- 6.3.1.4 KSB Group
- 6.3.1.5 Schlumberger Limited
- 6.3.1.6 Borets International Ltd
- 6.3.1.7 Tsurumi Manufacturing Co. Ltd
- *List Not Exhaustive
- 6.4 List of Other Prominent Companies
- 6.5 Market Ranking Analysis
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Rising Initiatives to Upgrade Aging Wastewater and Water Treatment Facilities Infrastructure
Europe Asia Submerged Pump Industry Segmentation
A submerged pump is a type of electrical submersible pump that is used to pump fluid to the surface. Submerged pumps are highly efficient and do not require energy to move the water inside the pump. It contains an air-tight sealed motor close-coupled to the pump body. The main advantage of a submersible pump is that a high elevation difference between the pump and fluid surface prevents pump cavitation. This type of pump never requires priming because the whole assembly is submerged in the fluid.
The submerged pump market in Europe and Asia is segmented by type, drive type, head, end user, and geography. By type, the market is segmented into borewell submerged pumps, open-well submerged pumps, and non-clog submerged pumps. By drive type, the market is segmented into electric, hydraulic, and other drive types. By head, the market is segmented into below 50 m, between 50 m and 100 m, and above 100 m. By end user, the market is segmented into water and wastewater, oil and gas industry, mining and construction industry, and other end users. By geography, the market is segmented into Europe (France, Germany, United Kingdom, Russia, and Rest of Europe) and Asia (India, China, Japan, Rest of Asia).
Europe Asia Submerged Pump Market Research FAQs
How big is the Europe Asia Submerged Pump Market?
The Europe Asia Submerged Pump Market size is expected to reach USD 5.83 billion in 2024 and grow at a CAGR of 5.90% to reach USD 7.76 billion by 2029.
What is the current Europe Asia Submerged Pump Market size?
In 2024, the Europe Asia Submerged Pump Market size is expected to reach USD 5.83 billion.
Who are the key players in Europe Asia Submerged Pump Market?
Flowserve Corporation, Sulzer Limited, Ebara Corporation, KSB Group, Schlumberger Limited, Borets International Ltd and Tsurumi Manufacturing Co Ltd are the major companies operating in the Europe Asia Submerged Pump Market.
What years does this Europe Asia Submerged Pump Market cover, and what was the market size in 2023?
In 2023, the Europe Asia Submerged Pump Market size was estimated at USD 5.49 billion. The report covers the Europe Asia Submerged Pump Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Asia Submerged Pump Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Asia Submerged Pump Industry Report
Statistics for the 2024 Europe Asia Submerged Pump market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Asia Submerged Pump analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
