• Cat-intel
  • MedIntelliX
  • Resources
  • About Us
  • Request Free Sample ×

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor
    Hero Background

    Submersible Pumps For Mining Sector Market

    ID: MRFR/E&P/3615-CR
    128 Pages
    Anshula Mandaokar
    August 2023

    Submersible Pumps for Mining Sector Market Research Report Information By Well Type (Open Well, Bore Well) By Operation (Single Stage, Multiple Stage), By Power Ratings (Low Power, Medium Power, High Power) and By Region -Global Forecast to 2035

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    Submersible Pumps For Mining Sector Market Infographic
    Purchase Options

    Submersible Pumps For Mining Sector Market Summary

    As per Market Research Future Analysis, the Global Submersible Pumps for Mining Sector Market was valued at USD 2.58 Billion in 2024 and is projected to grow to USD 4.07 Billion by 2035, with a CAGR of 4.22% from 2025 to 2035. The market is driven by the efficiency and reliability of submersible pumps in dewatering applications, addressing safety and productivity challenges in mining operations. The demand for noiseless, energy-efficient, and low-maintenance pumps aligns with the mining industry's focus on sustainability and operational excellence. The Asia-Pacific region is expected to dominate the market due to increasing mining activities fueled by industrialization and urbanization.

    Key Market Trends & Highlights

    Key trends shaping the submersible pumps market for the mining sector include:

    • Market Size in 2024: USD 2.58 Billion
    • Projected Market Size by 2035: USD 4.07 Billion
    • CAGR from 2025 to 2035: 4.22%
    • Asia-Pacific region to hold maximum market share during the forecast period

    Market Size & Forecast

    2024 Market Size USD 2.58 Billion
    2035 Market Size USD 4.07 Billion
    CAGR (2024-2035) 4.22%

    Major Players

    Key players include Xylem, KSB Group, Flowserve Corporation, Ebara Corporation, Tsurumi Manufacturing Co. Ltd, The Gorman-Rupp Company, Atlas Copco AB, The Weir Group Plc, Sulzer Ltd, and Grundfos.

    Submersible Pumps For Mining Sector Market Trends

    Ideal solution for dewatering mines

    Submersible pumps are considered the ideal solution for mine drainage due to their unique design and technical capabilities. Dewatering in the context of mining refers to the process of removing water from underground or surface mining sites to create a safe and efficient working environment. The presence of water in mines can present significant problems, including safety hazards, reduced productivity and damage to equipment. Submersible pumps address these challenges by offering effective, reliable and efficient water removal solutions. 

    Submersible pumps are a highly effective mine drainage solution due to their efficient design, ability to handle demanding fluids and suitability for confined mine operation spaces. Their engineering aspects, including motor design, impeller configuration, cooling mechanisms and construction materials, ensure reliable and efficient performance in dewatering applications. By removing excess water from mines, submersible pumps help improve safety, productivity and operational efficiency in mining operations.

    Submersible pumps are equipped with waterproof motors and sealing systems that prevent water from entering the motor chamber. This ensures the durability and safety of the pump. The impeller design of submersible pumps is optimized for efficient water movement and handling of solids such as sand or slurry without clogging the pump. Submersible pumps use ambient water as a cooling medium for the motor. 

    Adequate cooling is essential to prevent overheating during continuous operation. These pumps are connected to the surface with a waterproof cable. The robust construction of the cable ensures reliable power supply and data transfer when submerged.

    Noiseless, sustainable and energy efficient operation

    The pursuit of noiseless and energy efficient operation will play a key role in moving submersible pumps for the mining sector forward. Mining operations are inherently demanding, with safety, efficiency and environmental considerations at the fore. Boasting quiet and energy-efficient performance, submersible pumps not only align with these priorities, but also offer a number of benefits that can transform the mining environment. 

    The focus on quiet and energy efficient operation is set to reshape submersible pumps for the mining sector market. As the mining industry prioritizes safety, efficiency and environmental protection, submersible pumps that embody these values by offering quiet and energy-efficient performance are poised to witness increased demand. This transformation not only increases the operational efficiency of mining, but also underscores the industry's commitment to responsible and sustainable practices.

    Mines, which are often located in close proximity to communities, must deal with a delicate balance between operations and their impact on the surrounding environment. Noise pollution not only threatens the well-being of mining personnel, but also affects neighboring communities. The deployment of noiseless submersible pumps is serving as a quiet revolution in the mining industry, delivering transformative results. In mining operations, effective communication is essential to maintaining a safe working environment. Noiseless submersible pumps reduce hearing disturbance, enabling clearer and more efficient communication between workers. 

    This improved communication contributes to proactive safety measures and reduces the risk of accidents. Mines often coexist with surrounding communities. Noise pollution can disrupt these relationships, leading to disputes and regulatory issues. Noiseless pumps minimize disruption, promote positive relationships and mitigate any potential conflict with the local population. Strict noise regulations are imposed to ensure the well-being of both mining personnel and the surrounding residents. 

    Silent submersible pumps allow mining operations to comply with these regulations and avoid potential legal entanglements and reputational damage. Constant exposure to high levels of noise in a mining environment can lead to stress-related health problems and hearing damage in workers. Noiseless pumps prioritize the well-being of staff by reducing the risk of noise-related health problems.

    Expanding mining industry

    As a basic economic activity, mining plays a key role in the growth and development of economies around the world. Minerals obtained through mining serve as building blocks for a number of industries, including manufacturing, construction, electronics, energy and agriculture.

    The increasing demand for efficient water management solutions in mining operations appears to drive the adoption of advanced submersible pump technologies, which may enhance operational efficiency and reduce environmental impact.

    U.S. Department of the Interior, Bureau of Mines

    Submersible Pumps For Mining Sector Market Drivers

    Market Growth Projections

    Technological Advancements in Pump Design

    Technological advancements play a pivotal role in shaping the Global Submersible Pumps for Mining Sector Industry. Innovations such as improved motor efficiency, advanced materials, and smart monitoring systems enhance the performance and reliability of submersible pumps. These developments allow for better energy consumption and longer operational lifespans, which are crucial for mining operations that often face harsh conditions. As a result, the market is anticipated to grow at a CAGR of 4.57% from 2025 to 2035, reaching an estimated value of 4.22 USD Billion by 2035. The integration of technology not only boosts efficiency but also aligns with sustainability goals within the mining sector.

    Rising Focus on Sustainable Mining Practices

    The Global Submersible Pumps for Mining Sector Industry is increasingly influenced by the rising focus on sustainable mining practices. As environmental concerns gain prominence, mining companies are seeking solutions that not only improve efficiency but also minimize ecological footprints. Submersible pumps that utilize energy-efficient technologies and reduce water consumption are becoming essential components of sustainable mining operations. This trend aligns with global efforts to promote responsible resource extraction and is likely to drive the demand for advanced pumping solutions. Companies that prioritize sustainability are expected to gain a competitive edge, further propelling market growth.

    Increasing Demand for Efficient Water Management

    The Global Submersible Pumps for Mining Sector Industry experiences a rising demand for efficient water management solutions. As mining operations expand, the need for effective dewatering systems becomes critical to prevent flooding and maintain operational efficiency. In 2024, the market is valued at approximately 2.58 USD Billion, reflecting the industry's focus on innovative pumping technologies. Efficient submersible pumps not only enhance productivity but also reduce operational costs, which is essential for mining companies aiming to optimize their resources. This trend is expected to continue, with the market projected to grow significantly as mining activities increase globally.

    Regulatory Compliance and Environmental Concerns

    Regulatory compliance and environmental concerns are increasingly influencing the Global Submersible Pumps for Mining Sector Industry. Governments worldwide are implementing stricter regulations regarding water usage and environmental protection, compelling mining companies to adopt more efficient pumping solutions. Submersible pumps that minimize water wastage and reduce environmental impact are becoming essential for compliance. This shift not only helps in adhering to regulations but also enhances the reputation of mining companies. As the industry evolves, the focus on sustainable practices is expected to drive the demand for advanced submersible pumps, thereby contributing to market growth.

    Growth in Mining Activities in Emerging Economies

    The Global Submersible Pumps for Mining Sector Industry is witnessing growth driven by increased mining activities in emerging economies. Countries such as India, Brazil, and South Africa are expanding their mining sectors, leading to a higher demand for reliable dewatering solutions. As these regions invest in infrastructure and resource extraction, the need for efficient submersible pumps becomes paramount. This trend is likely to bolster the market, as mining companies seek to enhance productivity and reduce operational risks. The expansion of mining operations in these regions is expected to significantly contribute to the overall growth of the submersible pump market.

    Market Segment Insights

    Submersible Pumps for Mining Sector by Well Type Insights

    The Submersible Pumps for Mining Sector Market segmentation, based on well type has been segmented as Open Well, Bore Well. Among these, the bore well segment is projected to dominate the Submersible Pumps for Mining Sector Market revenue through the projected period. Borewell submersible pumps are designed to be completely submerged in water or other liquids. 

    This function allows them to work efficiently without the need for suction, which ensures continuous pumping even in demanding conditions. These pumps are known for their high energy efficiency as they push the liquid directly to the surface without the need for additional suction or suction mechanisms.

    Submersible Pumps for Mining Sector by Operation Insights

    Based on Operation, the Submersible Pumps for Mining Sector Market is segmented as Single Stage and Multiple Stage. Out of which the single stage segment dominated base year market and is also projected to dominate the Submersible Pumps for Mining Sector Market revenue through the projected period. Single-stage submersible pumps have a simple design with only one impeller, which makes them relatively easy to operate and maintain. 

    Their simplicity contributes to higher reliability and reduced failure possibilities, which is crucial for continuous mining operations. Single-stage submersible pumps are generally more cost-effective than multi-stage pumps because they have fewer components and simpler construction.

    Submersible Pumps for Mining Sector by Power Ratings Insights

    The Submersible Pumps for Mining Sector Market segmentation, based on power ratings has been segmented as Low Power, Medium Power and High Power. Among these, the medium power segment is projected to dominate the Submersible Pumps for Mining Sector Market revenue through the projected period. Medium duty submersible pumps can handle a wide range of flow rates and discharge pressures, making them versatile for a variety of mining processes. 

    Medium duty submersible pumps are designed to withstand the harsh conditions and abrasive fluids commonly found in mining environments and can pump fluids of varying viscosities, including water, slurries, and other fluids found in mining processes. Owing to the numerous advantages offered by medium power submersible pumps, its demand from mining sector is anticipated to grow further in the estimated timeframe.

    Get more detailed insights about Submersible Pumps For Mining Sector Market Research Report - Global Forecast To 2032

    Regional Insights

    Based on Region, the submersible pumps for mining sector market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia-Pacific submersible pumps for mining sector market held the maximum market share and is also expected to account for a significant revenue share during the forecast period. The Asia-Pacific region is experiencing significant industrialization and urbanization, in turn leading to increasing demand for metals and minerals. 

    This factor has led to the expansion of mining activities in the region, further creating the need for submersible pumps for carrying out numerous mining operations. Many countries in the Asia-Pacific region are investing in their mining infrastructure to increase productivity and attract foreign investment, which has led to the increased demand for mining equipment, such as submersible pumps.

    Key Players and Competitive Insights

    Key market players are emphasizing significantly on R&D for increasing their product offerings, which will further help the Submersible pumps for mining sector Market to grow considerably. Market players are adopting several business development strategies such as acquisitions, mergers, collaborations, and partnerships to enhance their market presence and acquire a larger customer base. To survive in the competitive market, industry players must provide cost effective products.

    The submersible pumps for mining sector market is very competitive with market players trying to develop unique and innovative products and solutions, which could render the competitors’ offerings obsolete. The competitive environment is likely to grow further owing to rising technological advancements. Some of the key players operating in the submersible pumps for mining sector market are Xylem, KSB Group, Flowserve Corporation, Ebara Corporation, Tsurumi Manufacturing Co. Ltd, The Gorman-Rupp Company , Atlas Copco AB, The Weir Group Plc, Sulzer Ltd, Grundfos (Denmark). To increase their global reach and client base, key firms are concentrating on acquisitions and product innovation.

    Xylem:Xylem is the global provider of products and services related to water technology for industrial, commercial, utility and residential markets. Company manufactures and design highly engineered solutions and products across wide range of applications and caters to the customers of array of industries such as agriculture & irrigation, energy & power, oil & gas, construction, food & beverage, aquaculture, residential, mining, and life sciences, among others. 

    Its products and services include varies types of pumps, heat exchangers, hydro turbines, wastewater treatment systems and communication & data transfer devices. The company makes its products available under the brand names Aanderaa, ebro, CentriPro, Jabsco, Lowara, Flygt and Flojet, among others. With more than 100+ years of industry experience, the company operates in over 150 countries worldwide. 

    The company enables the production of its wide product offerings through its production facilities spread over different areas of Europe, North America, South America, Asia, and the Middle East.

    KSB Group:KSB Group operates its business in the category of pumps and valves. The company also offers customized products for energy and mining sectors along with offering standard products. With a large workforce engaged in production, development, service and sales, company manages to offer products for sectors such as Petrochemicals, energy, water, mining, and building. The products manufactured by the company are designed to offer long service life, optimal energy efficiency and minimal wear. 

    With a total of 33 manufacturing sites and representatives and subsidiaries in more than 100 countries, the company makes its products available to customers in different parts of the world. Furthermore, company has 190 service centres, with more than 3,500 service and maintenance staff. Moreover, the company has its test laboratory which is ISO/IEC 17025-accredited, where the manufactured products undergo chemical analyses and mechanical testing for ensuring their quality and reliability.

    Key Companies in the Submersible Pumps For Mining Sector Market market include

    Industry Developments

    July 2023:Grundfos has completed the acquisition of Metasphere from XPV Water Partners, a leading provider of telemetry and analytics solutions for water networks. This acquisition of Metasphere is an important milestone in Grundfos' strategy to expand the company's core competencies in pumps and hydraulics.

    October 2022:EBARA Corporation had acquired Hayward Gordon L.P., an international supplier of industrial pumps and mixers based in Canada. Through this acquisition, EBARA Group will be able to expand its product line and sales channels, especially for public sewage, industrial facilities and the processing industry.

    In March 2023:Atlas Copco has launched an electric submersible dewatering pump, under the brand name WEDA D95. This launch will enable the company to expand its product portfolio, thereby helping to enhance its market size

    Future Outlook

    Submersible Pumps For Mining Sector Market Future Outlook

    The Global Submersible Pumps for Mining Sector anticipates a growth rate of 4.22% CAGR from 2025 to 2035, driven by technological advancements and increasing demand for efficient water management.

    New opportunities lie in:

    • Invest in smart pump technologies to enhance operational efficiency and reduce energy consumption.
    • Develop eco-friendly submersible pumps to meet regulatory standards and attract environmentally conscious clients.
    • Expand service offerings to include predictive maintenance solutions, leveraging IoT for real-time monitoring.

    By 2035, the market is poised for robust growth, reflecting increased adoption of innovative solutions and sustainable practices.

    Market Segmentation

    Submersible Pumps for Mining Sector Regional Outlook

    North America
    • US
    • Canada
    • Mexico
    Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
    Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
    South America
    • Brazil
    • Chile
    • Peru
    • Argentina
    • Bolivia
    • Rest of South America

    Submersible Pumps for Mining Sector Operation Outlook

    • Single Stage
    • Multiple Stage

    Submersible Pumps for Mining Sector Well Type Outlook

    • Open Well
    • Bore Well

    Submersible Pumps for Mining Sector Power Ratings Outlook

    • Low Power
    • Medium Power
    • High Power

    Report Scope

    Attribute/Metric Details
    Market Size 2024 USD 2.58 Billion
    Market Size 2035 4.07
    Compound Annual Growth Rate (CAGR) 4.22% (2025 - 2035)
    Base Year 2024
    Forecast Period 2025 - 2035
    Historical Data 2018 & 2021
    Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Well Type, Operation, Power Ratings and Region
    Geographies Covered North America, Europe, Asia Pacific, Middle East & Africa and South America
    Countries Covered US, Canada, Mexico, Germany, France, UK, Spain, Italy, China, India, Japan, South Korea, Brazil, Chile, Peru, Argentina, Bolivia
    Key Companies Profiled Xylem (US), KSB Group (Germany), Flowserve Corporation (US), Ebara Corporation (Japan), Tsurumi Manufacturing Co. Ltd (Japan), The Gorman-Rupp Company (US), Atlas Copco AB (Sweden), The Weir Group Plc (UK), Sulzer Ltd (Switzerland), Grundfos (Denmark)
    Key Market Opportunities Expanding mining industry
    Key Market Dynamics ·       Ideal solution for dewatering mines·       Noiseless, sustainable and energy efficient operation
    Market Size 2025 2.69

    Market Highlights

    Author
    Anshula Mandaokar
    Team Lead - Research

    Anshula Mandaokar holds an academic degree in Chemical Engineering and has been contributing to the field for more than 5 years. She has expertise in Market Research and Business Consulting and serves as a Team Lead for a reputed Market Research firm under the Chemicals and Materials domain spectrum. She has worked on multiple projects, generating explicit results in a quick turnaround time. Her understanding of data interpretation justifies her role as a leader.

    Leave a Comment

    FAQs

    How much is the submersible pumps for mining sector Market?

    Submersible pumps for mining sector Market Size was valued at US$ 2.49 Bn.

    What is the growth rate of the submersible pumps for mining sector Market?

    Submersible pumps for mining sector Market compound annual growth rate (CAGR) of 4.2% during the forecast period 2024 - 2032.

    Which region held the largest market share in the submersible pumps for mining sector Market?

    Asia Pacific region held the largest market share in the submersible pumps for mining sector Market.

    Who are the key players in the Submersible pumps for mining sector Market?

    Submersible pumps for mining sector Market Key Companies are Xylem (US), KSB Group (Germany), Flowserve Corporation (US), Ebara Corporation (Japan), Tsurumi Manufacturing Co. Ltd (Japan), The Gorman-Rupp Company (US), Atlas Copco AB (Sweden), The Weir Group Plc (UK), Sulzer Ltd (Switzerland), Grundfos (Denmark).

    Which Well Type had the largest market share in the Submersible pumps for mining sector Market?

    Bore Well Type had the largest market share in the Submersible pumps for mining sector Market.

    Which Operation had the largest market share in the Submersible pumps for mining sector Market?

    Single Stage Operation had the largest market share in the Submersible pumps for mining sector Market.

    Which Power Ratings had the largest market share in the Submersible pumps for mining sector Market?

    Medium Power Ratings had the largest market share in the Submersible pumps for mining sector Market.

    Download Free Sample

    Kindly complete the form below to receive a free sample of this Report

    Case Study
    Chemicals and Materials