MRO Components, Consumables & Tooling · Indirect
Monitoring · monthlyProcurement Category Intelligence
Pumps - Submersible
Overview
Market size
$14.8B
global, USD
CAGR
5.2%
base to forecast
Buyer power
-2.4
supplier-favoured
Suppliers
7
tracked players
Signals
12
2 high severity
Market outlook
2031$19.1B
What changed
Demand by region
Asia Pacific demand42%
North America demand24%
Europe demand18%
Middle East and Africa demand10%
Rest of world demand6%
share of global demandtotal 100%
Cost drivers
Raw Materials (Stainless Steel, Copper, Cast Iron)45%
Direct Manufacturing Labor and Assembly20%
Energy and Plant Overhead15%
Precision Engineering and Machining Components12%
Logistics and Freight8%
share of delivered cost (analyst estimate)