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Permanent Magnet Submersible Motors Industry Research Report 2026
Market perspective
The global Permanent Magnet Submersible Motors market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
The North America market for Permanent Magnet Submersible Motors is forecast to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026–2032.
The Europe market for Permanent Magnet Submersible Motors is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032.
Read the full market overview
The Asia Pacific market for Permanent Magnet Submersible Motors is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032.
Leading global manufacturers of Permanent Magnet Submersible Motors include among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report quantifies the global Permanent Magnet Submersible Motors market in revenue (US$ million) and, where applicable, sales volume (k units), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/k units) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Permanent Magnet Submersible Motors.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Permanent Magnet Submersible Motors Market by Company
Franklin Electric
Grundfos
Flowserve
Andritz Group
Shakti Pumps
Pedrollo
Ingeteam
Zhejiang Yongfa Electric Mechanical
Permanent Magnet Submersible Motors Segment by Type
<3kW
3-5kW
5-10kW
>10kW
Permanent Magnet Submersible Motors Segment by Application
Plastic Submersible Pump
Cast Iron Submersible Pump
Stainless Steel Submersible Pump
Permanent Magnet Submersible Motors Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Permanent Magnet Submersible Motors market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Permanent Magnet Submersible Motors and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Permanent Magnet Submersible Motors.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Permanent Magnet Submersible Motors manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Permanent Magnet Submersible Motors by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Permanent Magnet Submersible Motors in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- <3kW
- 3-5kW
- 5-10kW
- >10kW
Applications
- Plastic Submersible Pump
- Cast Iron Submersible Pump
- Stainless Steel Submersible Pump
Companies covered
- Franklin Electric
- Grundfos
- Flowserve
- Andritz Group
- Shakti Pumps
- Pedrollo
- Ingeteam
- Zhejiang Yongfa Electric Mechanical
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Permanent Magnet Submersible Motors by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 <3kW
- 2.2.3 3-5kW
- 2.2.4 5-10kW
- 2.2.5 >10kW
- 2.3 Permanent Magnet Submersible Motors by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Plastic Submersible Pump
- 2.3.3 Cast Iron Submersible Pump
- 2.3.4 Stainless Steel Submersible Pump
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Permanent Magnet Submersible Motors Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Permanent Magnet Submersible Motors Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Permanent Magnet Submersible Motors Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Permanent Magnet Submersible Motors Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Permanent Magnet Submersible Motors Production by Manufacturers (2021-2026)
- 3.2 Global Permanent Magnet Submersible Motors Production Value by Manufacturers (2021-2026)
- 3.3 Global Permanent Magnet Submersible Motors Average Price by Manufacturers (2021-2026)
- 3.4 Global Permanent Magnet Submersible Motors Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Permanent Magnet Submersible Motors Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Permanent Magnet Submersible Motors Manufacturers, Product Type & Application
- 3.7 Global Permanent Magnet Submersible Motors Manufacturers Established Date
- 3.8 Global Permanent Magnet Submersible Motors Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Franklin Electric
- 4.1.1 Franklin Electric Permanent Magnet Submersible Motors Company Information
- 4.1.2 Franklin Electric Permanent Magnet Submersible Motors Business Overview
- 4.1.3 Franklin Electric Permanent Magnet Submersible Motors Production, Value and Gross Margin (2021-2026)
- 4.1.4 Franklin Electric Product Portfolio
- 4.1.5 Franklin Electric Recent Developments
- 4.2 Grundfos
- 4.2.1 Grundfos Permanent Magnet Submersible Motors Company Information
- 4.2.2 Grundfos Permanent Magnet Submersible Motors Business Overview
- 4.2.3 Grundfos Permanent Magnet Submersible Motors Production, Value and Gross Margin (2021-2026)
- 4.2.4 Grundfos Product Portfolio
- 4.2.5 Grundfos Recent Developments
- 4.3 Flowserve
- 4.3.1 Flowserve Permanent Magnet Submersible Motors Company Information
- 4.3.2 Flowserve Permanent Magnet Submersible Motors Business Overview
- 4.3.3 Flowserve Permanent Magnet Submersible Motors Production, Value and Gross Margin (2021-2026)
- 4.3.4 Flowserve Product Portfolio
- 4.3.5 Flowserve Recent Developments
- 4.4 Andritz Group
- 4.4.1 Andritz Group Permanent Magnet Submersible Motors Company Information
- 4.4.2 Andritz Group Permanent Magnet Submersible Motors Business Overview
- 4.4.3 Andritz Group Permanent Magnet Submersible Motors Production, Value and Gross Margin (2021-2026)
- 4.4.4 Andritz Group Product Portfolio
- 4.4.5 Andritz Group Recent Developments
- 4.5 Shakti Pumps
- 4.5.1 Shakti Pumps Permanent Magnet Submersible Motors Company Information
- 4.5.2 Shakti Pumps Permanent Magnet Submersible Motors Business Overview
- 4.5.3 Shakti Pumps Permanent Magnet Submersible Motors Production, Value and Gross Margin (2021-2026)
- 4.5.4 Shakti Pumps Product Portfolio
- 4.5.5 Shakti Pumps Recent Developments
- 4.6 Pedrollo
- 4.6.1 Pedrollo Permanent Magnet Submersible Motors Company Information
- 4.6.2 Pedrollo Permanent Magnet Submersible Motors Business Overview
- 4.6.3 Pedrollo Permanent Magnet Submersible Motors Production, Value and Gross Margin (2021-2026)
- 4.6.4 Pedrollo Product Portfolio
- 4.6.5 Pedrollo Recent Developments
- 4.7 Ingeteam
- 4.7.1 Ingeteam Permanent Magnet Submersible Motors Company Information
- 4.7.2 Ingeteam Permanent Magnet Submersible Motors Business Overview
- 4.7.3 Ingeteam Permanent Magnet Submersible Motors Production, Value and Gross Margin (2021-2026)
- 4.7.4 Ingeteam Product Portfolio
- 4.7.5 Ingeteam Recent Developments
- 4.8 Zhejiang Yongfa Electric Mechanical
- 4.8.1 Zhejiang Yongfa Electric Mechanical Permanent Magnet Submersible Motors Company Information
- 4.8.2 Zhejiang Yongfa Electric Mechanical Permanent Magnet Submersible Motors Business Overview
- 4.8.3 Zhejiang Yongfa Electric Mechanical Permanent Magnet Submersible Motors Production, Value and Gross Margin (2021-2026)
- 4.8.4 Zhejiang Yongfa Electric Mechanical Product Portfolio
- 4.8.5 Zhejiang Yongfa Electric Mechanical Recent Developments
5 Global Permanent Magnet Submersible Motors Production by Region
- 5.1 Global Permanent Magnet Submersible Motors Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Permanent Magnet Submersible Motors Production by Region: 2021-2032
- 5.2.1 Global Permanent Magnet Submersible Motors Production by Region: 2021-2026
- 5.2.2 Global Permanent Magnet Submersible Motors Production Forecast by Region (2027-2032)
- 5.3 Global Permanent Magnet Submersible Motors Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Permanent Magnet Submersible Motors Production Value by Region: 2021-2032
- 5.4.1 Global Permanent Magnet Submersible Motors Production Value by Region: 2021-2026
- 5.4.2 Global Permanent Magnet Submersible Motors Production Value Forecast by Region (2027-2032)
- 5.5 Global Permanent Magnet Submersible Motors Market Price Analysis by Region (2021-2026)
- 5.6 Global Permanent Magnet Submersible Motors Production and Value, YOY Growth
- 5.6.1 North America Permanent Magnet Submersible Motors Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Permanent Magnet Submersible Motors Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Permanent Magnet Submersible Motors Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Permanent Magnet Submersible Motors Production Value Estimates and Forecasts (2021-2032)
6 Global Permanent Magnet Submersible Motors Consumption by Region
- 6.1 Global Permanent Magnet Submersible Motors Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Permanent Magnet Submersible Motors Consumption by Region (2021-2032)
- 6.2.1 Global Permanent Magnet Submersible Motors Consumption by Region: 2021-2026
- 6.2.2 Global Permanent Magnet Submersible Motors Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Permanent Magnet Submersible Motors Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Permanent Magnet Submersible Motors Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Permanent Magnet Submersible Motors Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Permanent Magnet Submersible Motors Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Permanent Magnet Submersible Motors Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Permanent Magnet Submersible Motors Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Permanent Magnet Submersible Motors Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Permanent Magnet Submersible Motors Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Permanent Magnet Submersible Motors Production by Type (2021-2032)
- 7.1.1 Global Permanent Magnet Submersible Motors Production by Type (2021-2032) & (k units)
- 7.1.2 Global Permanent Magnet Submersible Motors Production Market Share by Type (2021-2032)
- 7.2 Global Permanent Magnet Submersible Motors Production Value by Type (2021-2032)
- 7.2.1 Global Permanent Magnet Submersible Motors Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Permanent Magnet Submersible Motors Production Value Market Share by Type (2021-2032)
- 7.3 Global Permanent Magnet Submersible Motors Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Permanent Magnet Submersible Motors Production by Application (2021-2032)
- 8.1.1 Global Permanent Magnet Submersible Motors Production by Application (2021-2032) & (k units)
- 8.1.2 Global Permanent Magnet Submersible Motors Production Market Share by Application (2021-2032)
- 8.2 Global Permanent Magnet Submersible Motors Production Value by Application (2021-2032)
- 8.2.1 Global Permanent Magnet Submersible Motors Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Permanent Magnet Submersible Motors Production Value Market Share by Application (2021-2032)
- 8.3 Global Permanent Magnet Submersible Motors Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Permanent Magnet Submersible Motors Value Chain Analysis
- 9.1.1 Permanent Magnet Submersible Motors Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Permanent Magnet Submersible Motors Production Mode & Process
- 9.2 Permanent Magnet Submersible Motors Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Permanent Magnet Submersible Motors Distributors
- 9.2.3 Permanent Magnet Submersible Motors Customers
10 Global Permanent Magnet Submersible Motors Analyzing Market Dynamics
- 10.1 Permanent Magnet Submersible Motors Industry Trends
- 10.2 Permanent Magnet Submersible Motors Industry Drivers
- 10.3 Permanent Magnet Submersible Motors Industry Opportunities and Challenges
- 10.4 Permanent Magnet Submersible Motors Industry Restraints
11 Report Conclusion
12 Disclaimer
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