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China Electric Submersible Pump Market Size & Outlook, 2030

China Electric Submersible Pump Market Size & Outlook

The electric submersible pump market in China is expected to reach a projected revenue of US$ 2,181.0 million by 2030. A compound annual growth rate of 6% is expected of China electric submersible pump market from 2025 to 2030.

Revenue, 2024 (US$M)

$1,544.2

Forecast, 2030 (US$M)

$2,181.0

CAGR, 2025 - 2030

6%

Report Coverage

China

China electric submersible pump market highlights

The China electric submersible pump market generated a revenue of USD 1,544.2 million in 2024 and is expected to reach USD 2,181.0 million by 2030. The China market is expected to grow at a CAGR of 6% from 2025 to 2030. In terms of segment, borewell was the largest revenue generating product in 2024. Non-Clog is the most lucrative product segment registering the fastest growth during the forecast period.

Electric submersible pump market data book summary

Market revenue in 2024 USD 1,544.2 million Market revenue in 2030 USD 2,181.0 million Growth rate 6% (CAGR from 2025 to 2030) Largest segment Borewell Fastest growing segment Non-Clog Historical data 2018 - 2023 Base year 2024 Forecast period 2025 - 2030 Quantitative units Revenue in USD million Market segmentation Borewell, Openwell, Non-Clog Key market players worldwide Xylem Inc, Sulzer AG, KSB SE & Co KGaA, Grundfos, Atlas Copco AB ADR, Flowserve Corp, WILO, Pump Technology, LEO Group, Vansan Water Technologies, Grindex, Ebara Corp, Schlumberger Ltd, ITT Inc

Other key industry trends

In terms of revenue, China accounted for 16.8% of the global electric submersible pump market in 2024. Country-wise, China is expected to lead the global market in terms of revenue in 2030. In Asia Pacific, China electric submersible pump market is projected to lead the regional market in terms of revenue in 2030. India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,026.7 million by 2030.