Global Submersible Borehole Pump Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Submersible Borehole Pump Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Submersible borehole pumps are a type of submersible pump. They are centrifugal pumps driven by a submersible motor. As they usually draw in the fluid directly without a suction line, they must constantly be submerged in the fluid handled. Submersible borehole pumps are designed as single-stage or multistage pumps which are rigidly coupled to the submersible motor. The motor can be arranged on top or underneath the pump, depending on the application.

Market Overview:

The latest research study on the global Submersible Borehole Pump market finds that the global Submersible Borehole Pump market reached a value of USD 3515.33 million in 2022. It’s expected that the market will achieve USD 5064.98 million by 2028, exhibiting a CAGR of 6.28% during the forecast period.

The global demand for the development of groundwater resources is an important driving force for the development of the Submersible Borehole Pump industry

Groundwater is the water stored in the formation voids below the vadose zone, including rock pores, fissures, and caves. It is an important part of water resources. 99% of the world's non-solidified fresh water is groundwater. The storage of groundwater is like forming a huge reservoir underground. With its stable water supply conditions and good water quality, it has become an important source of water for urban and village life, agricultural irrigation, and industrial and mining production, especially in arid and semi-arid areas where surface water is scarce. In areas with serious surface water pollution, groundwater often becomes the main source of local water supply. The main purposes of exploiting groundwater in countries around the world are different. For example, the amount of groundwater used for irrigation in the United States, China, India, and Pakistan accounts for more than 50% of the total groundwater extraction in each country, while the groundwater in Japan and most European countries is mainly used for residents. Domestic water supply, nearly half of the world's drinking water comes from groundwater. From a global perspective, the development and utilization of groundwater resources still has great potential. Submersible Borehole Pump can be used for the development and utilization of groundwater resources. Therefore, the global demand for the development of groundwater resources is an important driving force for the development of the Submersible Borehole Pump industry.

The demand for agricultural water and people's production and living water continues to increase

To meet the growing demand for food, securing water for agriculture has become a top priority. According to the
State of the World's Land and Water Resources for Food and Agriculture (2021) report by the Food and Agriculture Organization of the United Nations, the total global population will exceed 9.7 billion by 2050. Most of the population growth comes from developing countries, and the growth of the world population will bring about increasing demand for agricultural water and water for people's production and living. It is estimated that by 2050, population and income growth will require a substantial increase in global food production, with a corresponding increase in agricultural water use. The increasing demand for agricultural water and people's production and living water will inevitably lead to an increase in the development and use of groundwater. Hence, this will boost the Submersible Borehole Pump industry.

Region Overview:

In 2022, the share of the Submersible Borehole Pump market in Asia-Pacific stood at 53.95%.

Company Overview:

Wilo is one of the major players operating in the Submersible Borehole Pump market, holding a share of 7.50% in 2023.

WILO Group is one of the world’s leading premium providers of pumps and pump systems for the building technology, water and industrial sectors. The extensive product range extends from high-efficiency pumps designed for houses, apartment blocks and commercial buildings, via special pumps and agitators for use in water management, through to products and solutions for industrial applications such as large cooling water pumps for power plants.

Grundfos Holding A/S (Grundfos) is a pump manufacturing company. It manufactures and markets pumps and pumping systems worldwide. The company offers pumps for various purposes including heating, air-conditioning, and ventilation. Its product portfolio includes submersible motors, submersible recirculation pumps, heavy duty submersible pumps, piston pumps, ALPHA circulator pumps, DME diaphragm dosing pump, SP submersible groundwater pump, and DP drainage pump.

Segmentation Overview:

By type, 4 segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Premium segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Submersible Borehole Pump market covered in Chapter 3:

Pleuger
Caprari
Franklin
SAER
Kirloskar
Ebara
CRI Groups
Kiwi Pumps
Wilo
Crompton Greaves
Xylem (Lowara)
Grundfos
Melotte
Andritz
Ingeteam (Indar)

In Chapter 4 and Chapter 14.2, on the basis of types, the Submersible Borehole Pump market from 2018 to 2029 is primarily split into:

3"

4"

6"

8"

10"

12"

14

16-28

28

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Submersible Borehole Pump market from 2018 to 2029 covers:

Premium
Medium
Low

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)