Charts & StatsSep 2, 2026

Global Submersible Pump market [2016-2023] by Industry

By Industry, the market is segmented into Water & Wastewater, Mining, Agriculture & Irrigation, Oil & Gas, Construction, and Others (2016-2023)

Author: Wantstats Research TeamSource: Wantstats Repository

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Global Submersible Pump market [2016-2023] by Industry — full underlying data
Label	Water & Wastewater	Mining	Agriculture & Irrigation	Oil & Gas	Construction	Others
2016	3853 USD Mn	1626.9 USD Mn	1131.8 USD Mn	958.6 USD Mn	489.5 USD Mn	1671.9 USD Mn
2017	4066.3 USD Mn	1705.6 USD Mn	1192.5 USD Mn	1007.1 USD Mn	510.8 USD Mn	1722.5 USD Mn
2018	4300.1 USD Mn	1792 USD Mn	1259.1 USD Mn	1060.4 USD Mn	534.1 USD Mn	1778.4 USD Mn
2019	4555.8 USD Mn	1886.4 USD Mn	1332.1 USD Mn	1118.7 USD Mn	559.6 USD Mn	1839.7 USD Mn
2020	4830.6 USD Mn	1987.5 USD Mn	1410.5 USD Mn	1181.2 USD Mn	586.8 USD Mn	1904.8 USD Mn
2021	5144 USD Mn	2103.2 USD Mn	1500.1 USD Mn	1252.7 USD Mn	618 USD Mn	1980.9 USD Mn
2022	5478.2 USD Mn	2226 USD Mn	1595.7 USD Mn	1328.8 USD Mn	651 USD Mn	2060.3 USD Mn
2023	5834.5 USD Mn	2356.4 USD Mn	1697.6 USD Mn	1409.6 USD Mn	685.9 USD Mn	2143.3 USD Mn

Data Source: Wantstats Repository

Market Dynamics

water and wastewater segment accounted for the largest market share in the submersible pump market, and is expected to reach USD 5834.50 Million in 2023 from USD 4066.30 Million in 2017. However, water and wastewater segment is the fastest growing market, which is expected to grow at a CAGR of 6.29% during the forecast period 2018 - 2023.

Research Methodology

Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.

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I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.

Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.

Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.

Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.

Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.

Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.

Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Global Submersible Pump market [2016-2023] by Industry

Global Submersible Pump Market By Industry Forecast (2016-2023)

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