North America Submersible Pumps Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

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)

North America Submersible Pump Market Size

Market Summary-North America Submersible Pumps Market
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Study Period 2019 - 2028
Base Year For Estimation 2022
Forecast Data Period 2023 - 2028
Historical Data Period 2018 - 2021
CAGR > 4.41 %
Market Concentration Low

Major Players


*Disclaimer: Major Players sorted in no particular order


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North America Submersible Pump Market Analysis

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.

North America Submersible Pump Market Trends

This section covers the major market trends shaping the North America Submersible Pump market according to our research experts:

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 bythe growing oil and gas sector, water and wastewater sector, mining,agriculture, andothers.
  • Wastewater treatment facilities in the United States process approximately 34billion gallons of wastewater every day. Further, in February 2018, the EPAawarded USD 172.3 million to California state for infrastructure developmentpertaining to safe drinking water and wastewater treatment. Apart from that,USD 1.2 million was granted tothe city of Vallejo for sewer upgrades. Thegrowth of water and wastewater treatment infrastructure is expected to benefitthe submersible pump market during the forecastperiod.
  • Another industry that is positively influencing the demand increase forsubmersible pumps is the mining industry. The country's metal mine productionin 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 thesubmersible pump market on account of widespread investments in oil and gasprojects in the coming years. It is expected that around USD 76 billion will bespent on 97 upcoming oil and gas projects in the country, between 2018 and2025, thus, creating widespread opportunities for the submersible pumpbusiness.
  • Further,the crude oil price in 2018 is well above USD 60 per barrel andoperators with a new standard for operational efficiency, coupled withadministrative support, are expected to result in increased activity level in thedeepwater and ultra-deepwater in the Gulf of Mexico, which is a positivemarket indicator for the submersible pump market during the forecast period.
North America Submersible Pumps Market- Crude Oil Price in USD per barrel

North America Submersible Pump Industry Overview

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.

North America Submersible Pump Market Leaders

  1. Borets International Ltd

  2. Gorman-Rupp Co

  3. Flowserve Corp

  4. Sulzer AG

  5. Schlumberger Limited

*Disclaimer: Major Players sorted in no particular order

Market Concentration-North America Submersible Pump Market.png

North America Submersible Pump Market Report - 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

North America Submersible Pump Industry Segmentation

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

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North America Submersible Pump Market Research FAQs

The North America Submersible Pumps Market is projected to register a CAGR of greater than 4.41% during the forecast period (2023-2028).

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

North America Submersible Pumps Industry Report

Statistics for the 2023 North America Submersible Pumps market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Submersible Pumps analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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