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Europe Asia Submerged Pump Market Size (2024 - 2029)

The Europe Asia Submerged Pump Market is projected to experience significant growth over the forecast period, driven by stringent wastewater treatment regulations and increased pump usage in the oil, gas, and mining sectors. Despite challenges such as high operation and maintenance costs and fluctuating oil and gas prices, the market is poised for expansion due to opportunities in upgrading outdated water treatment infrastructure in developed regions. Rapid industrialization and urbanization in countries like China, India, Japan, and South Korea are expected to further influence the market's growth trajectory.

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Market Size of Europe Asia Submerged Pump Industry

Europe Asia Submerged Pump Market Summary
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

Europe Asia Submerged Pump Market 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 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).

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Europe Asia Submerged Pump Market Size Summary

The Europe-Asia submerged pump market is poised for significant growth over the forecast period, driven by stringent regulations for wastewater treatment and increased demand in the oil, gas, and mining sectors. The market is expected to expand as aging infrastructure in developed regions like Europe and Asia necessitates upgrades, creating opportunities for submersible pumps. Key countries such as China, India, Japan, and South Korea are anticipated to lead the market due to rapid industrialization and urbanization. Despite challenges like high operational costs and fluctuating oil prices, the demand for reliable submerged pumps remains strong, particularly in wastewater treatment facilities where they offer cost-effective and low-maintenance solutions.

The market landscape is moderately fragmented, with major players like Flowserve Corporation, Sulzer Limited, and Ebara Corporation actively contributing to the sector's development. Recent strategic moves, such as acquisitions and partnerships, underscore the competitive dynamics and the focus on enhancing wastewater treatment capabilities. China, in particular, is a significant growth driver, with its booming industrial activities and ambitious targets in oil and gas production further fueling the demand for submerged pumps. The ongoing expansion of wastewater treatment plants across Europe and Asia is expected to sustain the upward trajectory of the submerged pump market in the coming years.

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Europe Asia Submerged Pump Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2029

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

        1. 1.5.1.1 Strict Regulations for Wastewater Treatment Across Residential and Industrial Sector

        2. 1.5.1.2 Rising Use for Recovery in the Oil and Gas and Mining Industries

      2. 1.5.2 Restraints

        1. 1.5.2.1 High Operation and Maintenance Costs

        2. 1.5.2.2 Volatility in Oil and Gas Prices

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

    8. 1.8 Investment Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Borewell Submerged Pump

      2. 2.1.2 Open-well Submerged Pump

      3. 2.1.3 Non-clog Submerged Pump

    2. 2.2 Drive Type

      1. 2.2.1 Electric

      2. 2.2.2 Hydraulic

      3. 2.2.3 Other Drive Types

    3. 2.3 Head

      1. 2.3.1 Below 50 m

      2. 2.3.2 Between 50 m To 100 m

      3. 2.3.3 Above 100 m

    4. 2.4 End User

      1. 2.4.1 Water and Wastewater

      2. 2.4.2 Oil and Gas Industry

      3. 2.4.3 Mining and Construction Industry

      4. 2.4.4 Other End Users

    5. 2.5 Geography

      1. 2.5.1 Europe

        1. 2.5.1.1 France

        2. 2.5.1.2 Germany

        3. 2.5.1.3 United Kingdom

        4. 2.5.1.4 Russia

        5. 2.5.1.5 Turkey

        6. 2.5.1.6 Spain

        7. 2.5.1.7 Nordic Countries

        8. 2.5.1.8 Rest of Europe

      2. 2.5.2 Asia

        1. 2.5.2.1 China

        2. 2.5.2.2 India

        3. 2.5.2.3 Japan

        4. 2.5.2.4 Rest of Asia

Europe Asia Submerged Pump Market Size FAQs

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.

In 2024, the Europe Asia Submerged Pump Market size is expected to reach USD 5.83 billion.

Europe Asia Submerged Pump Market Report Snapshots

Europe Asia Submerged Pump Market Size & Share Analysis - Growth, Trends, and Forecasts (2024 - 2029)