North America Submersible Pumps Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The market is segmented by Type (Borewell Submersible Pump, Openwell Submersible Pump, and Non-clog Submersible Pump), Drive Type (Electric, Hydraulic, and Other Drive Types), Head (Below 50 m, Between 50 m to 100 m, and Above 100 m), End-User (Water and Wastewater, Oil and Gas Industry, Mining and Construction Industry, and Other End Users), and Geography (United States, Canada, and Rest of North America)

Market Snapshot

Market Summary-North America Submersible Pumps Market
Study Period: 2016 - 2026
Base Year: 2021
CAGR: >4.41 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The market for North America submersible pumps is expected to grow at a CAGR of more than 4.41% during the forecast period of 2020 – 2025. Major factors driving the market are the strict regulations for wastewater treatment across industries, recovery in the oil and gas and mining industry, growth in the construction industry, and a surge in industrial infrastructure. However, this market faces certain challenges, such as high maintenance & operation costs, and volatility in oil & gas prices. These factors, in turn, act as a roadblock to the growth of the market.

  • The oil and gas industry is expected to dominate the submersible pumps market due to the increasing upstream activities, increasing production from wells, and increasing exploitation of shale reserves, etc.
  •  New technology innovations along with existing infrastructure, and demand for energy efficient pumps can create huge opportunities for the market studied.
  • The United States is expected to dominate the market over the forecast period, owing to its increasing exploitation of shale reserves along with upcoming oil and gas projects in the coming years.

Scope of the report

The North America submersible pumps market report include:

Borewell Submersible Pump
Openwell Submersible Pump
Non-clog Submersible Pump
Drive Type
Other Drive Types
Below 50 m
Between 50 m to 100 m
Above 100 m
Water and Wastewater
Oil and Gas Industry
Mining and Construction Industry
Other End Users
United States
Rest of North America

Report scope can be customized per your requirements. Click here.

Key Market Trends

Oil and Gas Industry to Dominate the Market

  • In the oil and gas upstream industry, submersible pumps are used to move spent drilling mud in and out of the reserve pits, maximizing oil and gas production through the artificial lift, and to treat the produced wastewater.​ The natural gas production have been increased from 961.6 bcm in 2017 to 1053.9 bcm in 2018.
  • The heavy-duty submersible pump handles a lot of solids efficiently and is used during drilling oil and gas well. As of 2019, more than 90% of producing wells in the world uses an artificial lift to optimize production, after the decline in natural drives.
  • The demand for submersible pumps has been volatile in the past few years, mainly due to the downturn in the industry. However, the recovery in crude oil prices and the low breakeven prices is expected to drive the production activity during the forecast period.
  • The oil and gas production market is expected to be driven by the United States, due to the presence of more than a million production wells in the country. It is also considered as one of the largest markets for artificial lift systems.
  • The increasing exploitation of shale reserves has resulted in increased production of wastewater. The lack of availability of water and government regulation on wastewater treatment are encouraging the industry to treat the produced water. This is expected to create tremendous demand opportunities for submersible pumps that finds application in pumping wastewater from the field.
  • Canada has the world’s third-largest crude oil reserves, after Venezuela and Saudi Arabia, 98% of which are comprised of oil sands reserves. The submersible progressive cavity pumps (PCP) are considered the best suited type of artificial lift to pump oil with high sand content, and hence, is widely used in the upstream oil and gas industry.
  • Mexico’s crude oil and natural gas production has been declining since 2008. To address the decline, the government introduced energy reforms ending the 75-year monopoly of PEMEX, a state-owned oil and gas company, in order to attract foreign investment.
  • Therefore, on account of widespread investments in oil and gas projects, the oil and gas industry are expected to dominate the submersible pumps market in North America region.
North America Submersible Pumps Market - Natural Gas Production in billion cubic meters

The United States to Dominate the Market

  • The submersible pump market in the United States is expected to be driven by the growing oil and gas sector, water and wastewater sector, mining, agriculture, and others.
  • Wastewater treatment facilities in the United States process approximately 34 billion gallons of wastewater every day. Further, in February 2018, the EPA awarded USD 172.3 million to California state for infrastructure development pertaining to safe drinking water and wastewater treatment. Apart from that, USD 1.2 million was granted to the city of Vallejo for sewer upgrades. The growth of water and wastewater treatment infrastructure is expected to benefit the submersible pump market during the forecast period​.
  • Another industry that is positively influencing the demand increase for submersible pumps is the mining industry. The country's metal mine production in 2018 was estimated at USD 25.9 billion, which was 4% less than 2017. Also, iron ore mine production was 49.5 million metric tons in 2018.
  • The oil and gas industry in the United States is providing a huge impetus to the submersible pump market on account of widespread investments in oil and gas projects in the coming years. It is expected that around USD 76 billion will be spent on 97 upcoming oil and gas projects in the country, between 2018 and 2025, thus, creating widespread opportunities for the submersible pump business.
  • Further, the crude oil price in 2018 is well above USD 60 per barrel and operators with a new standard for operational efficiency, coupled with administrative support, are expected to result in increased activity level in the deepwater and ultra-deepwater in the Gulf of Mexico, which is a positive market indicator for the submersible pump market during the forecast period.​
North America Submersible Pumps Market- Crude Oil Price in USD per barrel

Competitive Landscape

The market for North America submersible pumps remains highly fragmented, with the presence of numerous players, including Borets International Ltd, Gorman-Rupp Co, Flowserve Corp, Sulzer AG, and Schlumberger Limited.

Table of Contents


    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions




    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD billion, till 2025

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraints

    6. 4.6 Supply Chain Analysis

    7. 4.7 Porter's Five Forces Analysis

      1. 4.7.1 Bargaining Power of Suppliers

      2. 4.7.2 Bargaining Power of Consumers

      3. 4.7.3 Threat of New Entrants

      4. 4.7.4 Threat of Substitutes Products and Services

      5. 4.7.5 Intensity of Competitive Rivalry


    1. 5.1 Type

      1. 5.1.1 Borewell Submersible Pump

      2. 5.1.2 Openwell Submersible Pump

      3. 5.1.3 Non-clog Submersible Pump

    2. 5.2 Drive Type

      1. 5.2.1 Electric

      2. 5.2.2 Hydraulic

      3. 5.2.3 Other Drive Types

    3. 5.3 Head

      1. 5.3.1 Below 50 m

      2. 5.3.2 Between 50 m to 100 m

      3. 5.3.3 Above 100 m

    4. 5.4 End-User

      1. 5.4.1 Water and Wastewater

      2. 5.4.2 Oil and Gas Industry

      3. 5.4.3 Mining and Construction Industry

      4. 5.4.4 Other End Users

    5. 5.5 Geography

      1. 5.5.1 United States

      2. 5.5.2 Canada

      3. 5.5.3 Rest of North America


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Baker Hughes Company

      2. 6.3.2 Schlumberger Limited.

      3. 6.3.3 Halliburton Company

      4. 6.3.4 Weir Group PLC

      5. 6.3.5 Sulzer AG

      6. 6.3.6 Gorman-Rupp Co

      7. 6.3.7 Flowserve Corp

      8. 6.3.8 EBARA CORPORATION

      9. 6.3.9 Borets International Ltd

      10. 6.3.10 ITT Goulds Pumps Inc

    4. *List Not Exhaustive

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The North America Submersible Pumps Market market is studied from 2016 - 2026.

The North America Submersible Pumps Market is growing at a CAGR of >4.41% over the next 5 years.

Borets International Ltd , Gorman-Rupp Co , Flowserve Corp , Sulzer AG , Schlumberger Limited are the major companies operating in North America Submersible Pumps Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!