Southeast Asia Submersible Pumps Market

Southeast Asia Submersible Pumps Market Outlook (2022 to 2032)

Southeast Asia's submersible pump market is expected to reach USD 1,076.8 million in 2032 and showcase steady growth at a CAGR of 5.5% between 2022 and 2032. In 2022, over 56.9% of the market share is likely to be occupied by borewell submersible pumps in the region owing to their increasing end-use applications.

According to the International Monetary Fund, Asia-Pacific is expected to register a CAGR of 4.3% in 2023 after the uncertain COVID-19 impact across the region. It would thus help in providing significant potential for water infrastructure projects in several countries.

The market for submersible pumps across Southeast Asia is expected to grow considerably as a result of increased investment in water and wastewater treatment projects. The market for submersible pumps is set to witness significant growth backed by rising offshore oil & gas exploration and surging construction spending in countries such as Thailand and Malaysia.

In addition to that, the market is anticipated to be driven by the rapidly growing oil & gas, utility, construction, and mining sectors in Southeast Asia. Submersible pumps make up around 5-7% of the global market due to their increasing application in various end-use industries like agriculture, residential, commercial, and water utility construction.

Water projects are in greater demand throughout a large number of countries, including Cambodia and Indonesia. Major players in the submersible pump sector are focusing on meeting the growing demand for their products from new public and private projects. They are also investing in the establishment of advanced manufacturing facilities.

Furthermore, Southeast Asia's cities are expanding swiftly, which would encourage spending on infrastructure improvement projects. Increased spending on smart utility solutions is projected to push investments in environmentally friendly housing, real estate, and infrastructure. Apart from population expansion, agricultural products are showcasing exponential demand in Southeast Asia.

The potential for using renewable energy is greater in developing nations of Southeast Asia, as compared to other regions worldwide. Submersible pumps are also projected to be used in a wide range of end-use industries like livestock, agriculture, and water supply. Solar-powered submersible pump technology is estimated to gain traction as end users become aware of environmentally friendly pumping options and the product's increased cost-effectiveness.

Attributes	Key Insights
Southeast Asia Submersible Pumps Market Estimated Size (2022E)	USD 629.9 million
Projected Market Valuation (2032F)	USD 1,076.8 million
Value-based CAGR (2022 to 2032)	5.5%
Collective Value Share: Top 3 Countries (2022)	68%

2017 to 2021 Southeast Asia Submersible Pumps Market Outlook Compared to 2022 to 2032 Demand Forecast

According to the historical data presented by FMI, from 2017 to 2021, the Southeast Asia submersible pump market exhibited growth at a CAGR of 5.2%. The market is projected to create an absolute dollar opportunity of USD 629.9 million by the end of 2022.

Domestic governments are putting a lot of effort into expanding their economies and spending extensively on the construction of smart factories & infrastructure. It is anticipated to increase sales of submersible pumps throughout the assessment period.

The need for utility projects is also expected to develop significantly and increase the volume of submersible pumps. This growth is attributed to the ever-increasing population and rising number of construction projects, including residential, commercial, and industrial ones.

Moreover, rising demand for submersible pumps among end-use industries such as construction, oil & gas, and agriculture in Southeast Asian nations would drive the market. The market is expected to grow at a value CAGR of about 5.5% during the first half period and exhibit 4.3% CAGR during the second half of the forecast period in the region.

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Top Trends Fueling Sales of Submersible Pumps in Southeast Asia

Rising Government Spending on Water Treatment Project Development to Boost Sales of Submersible Well Pumps

In order to control the flow of fluids in water treatment plants, submersible pumps are extensively used. It is projected that the market for wastewater treatment and water distribution would grow profitably, thereby supporting the expansion of the Southeast Asia sub-pump industry.

High government spending on infrastructure is also expected to drive up sales of submersible pumps during the forecast period. For instance, the Indonesian government recently unveiled seven water supply and wastewater treatment projects worth a combined USD 1.9 Billion for different areas throughout the country. Some of the other private businesses are expected to carry out numerous new water infrastructure projects.

Increasing Need for Submersible Slurry Pumps from Offshore Projects is Likely to Drive Growth

Domestic governments across Southeast Asia are eager to contribute to several projects for the exploration of oil and gas. It is anticipated that there would be a high demand for submersible pumps in the next ten years.

Besides, due to the wide range of uses for submersible pumps, manufacturing enterprises in the region are concentrating on working on novel offshore projects. The Southeast Asia submersible pump market is set to be further boosted by the rising demand for submersible pump systems at offshore locations.

Market-o-nomics - Highlighting the Key Trends

A number of influential factors have been identified to stir the soup in the Southeast Asia submersible pump market. Besides the proliferating aspects prevailing in the market, the analysts at FMI have also analyzed the restraining elements, lucrative opportunities, and upcoming threats that can pose a challenge to the progression of the Southeast Asia submersible pump market.

The drivers, restraints, opportunities, and threats (DROTs) identified are as follows:

DRIVERS

• Increasing utilization of submersible pumps for dewatering activities in construction sites, oilfields, and sewage treatment plants is projected to aid growth.
• Surging demand for single-use submersible pumps owing to their low maintenance cost and high reliability is expected to bolster sales.

RESTRAINTS

• As submersible pumps are often used in applications that unknowingly exceed the design criteria of motors, failures can occur.
• Submersible pump motors may be negatively affected by the loss of cooling flow, high temperature, overloading of motors, and pumping hot water.

OPPORTUNITIES

• Increasing investments of water and wastewater treatment facilities in the upgradation of aging infrastructure would drive demand.
• Rebuilding and renovating of old water plants to help supply fresh water can create new opportunities for submersible pump companies.

THREATS

• Local companies across Southeast Asia are expected to offer cheap alternatives and maintenance services at a low cost, which may hamper sales.
• The unorganized market in Southeast Asia can overpower international companies with its price competitiveness and local supply network.

Country-wise Insights

Which Countries Would Create High Demand for Submersible Pumps in Southeast Asia?

Demand for Solar Powered Submersible Water Pumps to Jump across Indonesia and Malaysia

Submersible pumps with efficient performance have acquired market traction in Southeast Asia as a result of the region's growing metropolitan areas and increasing investment levels, which are further pushing the demand for water utility services. The market for submersible pumps in Indonesia is expanding at a significant rate.

Several regional governments are increasing the amount of capital they invest in numerous projects to strengthen the economy and infrastructure. Increased investment in the real estate industry, which is fostering sales of water pumping solutions, is driving the demand for submersible pumps.

In order to help end users after the sale period, submersible pump suppliers have developed their own support centers in the Southeast Asia region. To meet the rising demand in neighboring countries, manufacturers are expanding their submersible pump production capabilities and investing in new manufacturing facilities. For instance, KSB SE & Co. KGaA completed expanding its production facilities in Indonesia to make industrial pumps.

Major players in the submersible pump sector are focusing on meeting the growing demand for their products from new public and private projects. A large number of countries, including Malaysia and Thailand, are experiencing a high demand for water projects as urbanization and consumption rise.

Category-wise Insights

Which is the Most Preferred Type of Submersible Pump across Southeast Asia?

Borewell Submersible Water Pumps to Gain Traction in Southeast Asia by 2032

Based on product type, borewell submersible pumps generated a Southeast Asia submersible pumps market share of roughly 57.0% in 2021. Borewell pumps are the ideal pumping solution for landscaping, home, commercial water supply, firefighting systems, and many other applications since they can be mounted both vertically and horizontally. Over the course of the projected period, the borewell product type is anticipated to have a dominant market share.

Which is the Leading Head Type Used in Submersible Pumps across Southeast Asia?

Industrial Pumps with Above 100m Head Type to Gain Immense Popularity by 2032

By head type, the above 100 m category accounted for around 76.2% of the Southeast Asia submersible pumps market share in 2021. The majority of water distribution efforts require lifting the water at a considerable height above sea level.

Agricultural and industrial facilities in Malaysia, Thailand, the Philippines, and Indonesia use a lot of water. The aforementioned industries have very high water treatment needs, which call for effective pumping systems. These factors are likely to push growth of the above 100 m segment during the forecast period.

Competitive Landscape

Manufacturers of submersible pumps in Southeast Asia are constantly under pressure to improve equipment performance due to the rising demand for reliable and efficient pumps. Despite the market's moderate fragmentation, a selected group of players, including Ebara Corporation, Grundfos, Xylem Inc., KSB SE & Co. KGaA, and WILO SE, dominate the Southeast Asia submersible pumps market.

By introducing new products and adopting innovative expansion strategies, manufacturing companies intend to improve the supply of their submersible pumps.

For instance,

• In June 2022, Sulzer extended its product range of slurry pumps to handle liquids with high solids content. The new eight different-sized slurry pumps have additional benefits such as removable suction plates and floating flanges.
• In August 2021, Kubota Corporation signed a contract for project expansion of the water supply system in Pursat province, Kingdom of Cambodia.

Scope of the Submersible Pumps Market Report

Attribute	Details
Estimated Market Size (2022)	USD 629.9 million
Projected Market Valuation (2032)	USD 1,076.8 million
Value-based CAGR (2022 to 2032)	5.5%
Forecast Period	2022 to 2032
Historical Data Available for	2017 to 2021
Market Analysis	Value (USD million)
Key Regions Covered	Southeast Asia
Key Countries Covered	Indonesia, Malaysia, Thailand, Vietnam, Philippines, Singapore
Key Market Segments Covered	Product Type, Head Type, Application, and Country
Key Companies Profiled	Xylem Inc.; Ebara Corporation; Grundfos; KSB SE & Co. KGaA; WILO SE; Sulzer AG; ITT Inc.; Franklin Electric Co.; PSG (Dover Corporation); Atlas Copco AB; The Weir Group PLC; Tsurumi Manufacturing Co., Ltd.; Andritz Group; Kubota Corporation; Kirloskar Brothers Ltd.; Pentair PLC; Gorman-Rupp Company; Flowserve Corporation; Hitachi Co. Ltd.; Wacker Neuson Group; SPP Pumps; Ruhrpumpen Group; Shimge Pump Industry Group Co., Ltd; Zhejiang DOYIN Technology Co. Ltd; Shakti Pumps (India) Ltd.; Speck Pumpen Walter Speck GmbH & Co. KG; Pleuger Industries
Report Coverage	Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives

Key Segments Covered in Submersible Pumps Industry Analysis

By Head Type:

• Below 50 m
• 50 - 100m
• Above 100m

By Product Type:

• Borewell
• Non-Clog
• Open Well

By Application:

• Agriculture
• Infrastructure & Mining
• Residential
• Industrial Water Supply
• Oil & Gas
• Fire Fighting
• Non-Industrial Water Supply
• Others

By Country:

• Indonesia
• Malaysia
• Thailand
• Vietnam
• Philippines
• Singapore

Frequently Asked Questions

How much is the submersible pumps market set to be worth in Southeast Asia?

The Southeast Asia submersible pumps market is set to be valued at USD 629.9 million in 2022.

What is the projected growth rate of the Southeast Asia submersible pumps market from 2022 to 2032?

Sales of submersible pumps are projected to soar between 2022 and 2032 at a CAGR of about 5.5% in Southeast Asia.

Who are the top five manufacturers in the Southeast Asia submersible pumps market worldwide?

Tier-1 companies in the Southeast Asia submersible pumps market include Ebara Corporation, Grundfos, Xylem Inc., KSB SE & Co. KGaA, and WILO SE.

Which product type segment dominates the Southeast Asia submersible pumps market?

By product type, the borewell segment is set to generate the largest share in the Southeast Asia submersible pumps market, accounting for nearly 56.9% of the market by volume in 2022.

Which country is set to remain at the forefront in the Southeast Asia submersible pumps market?

The Southeast Asia submersible pumps market is dominated by Indonesia, which is anticipated to expand at a CAGR of 5.1% during the forecast period.

What application would lead the Southeast Asia submersible pumps market?

The industrial and non-industrial water supply segments are expected to lead the Southeast Asia submersible pumps market and generate nearly 42.5% of share in the next ten years.