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Single Phase Subsea Pump Market
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Single Phase Subsea Pump Market

Author: Chandra Mohan - Sr. Industry Consultant, Report ID - DS2402091, Published - July 2025

Segmented in Product Type (Centrifugal, Positive Displacement), Applications (Oil Recovery, Gas Boosting, Water Injection, Others), Technology, Capacity, Operating Depth and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Single Phase Subsea Pump
Market Outlook

The market for Single Phase Subsea Pump was estimated at $641.8 million in 2024; it is anticipated to increase to $1.1 billion by 2030, with projections indicating growth to around $1.6 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 8.8% over the forecast period. The strong expansion of the Single Phase Subsea Pump industry is fueled by important factors such as the increasing need in the oil and gas sector and the requirement for innovative pumping solutions in deep sea exploration operations which is notably boosting the market growth significantly Furthermore ongoing technological progressions and a growing emphasis on cutting operational expenses have also heightened the importance of Single Phase Subsea Pumps, in today's industrial scenario. The increasing offshore drilling operations and the rising demand, for effective pumping systems have played a role in the markets growth as well.


The Single Phase Subsea Pump is a notch pumping system tailored for underwater use with a focus on efficiency and longevity in mind – qualities highly valued by the oil and gas sector for various operations like offshore drilling and deep sea ventures as well as extracting subsea oil reserves amidst theindustry'sshift, towards digitalization and automation prompting the emergence of intelligent and automated Single Phase Subsea Pumps.


Market Size Forecast & Key Insights

2019
$641M2024
2029
$1.5B2034

Absolute Growth Opportunity = $850M

The Single Phase Subsea Pump market is projected to grow from $641.8 million in 2024 to $1.49 billion in 2034. This represents a CAGR of 8.8%, reflecting rising demand across Oil & Gas Extraction, Seawater Injection and Chemical Injection.

The Single Phase Subsea Pump market is set to add $850 million between 2024 and 2034, with manufacturer targeting Gas Boosting & Water Injection Applications projected to gain a larger market share.

With Increasing offshore oil production, and Technological advancements in subsea systems, Single Phase Subsea Pump market to expand 132% between 2024 and 2034.

Opportunities in the Single Phase Subsea Pump Market

Strategic Collaborations for Market Expansion

Building partnerships and working together could also fuel the growth of Single Phase Subsea Pump systems. Collaborating with businesses or key players in the industry enables manufacturers to broaden their market impact tap into new customer bases and make use of combined resources, for developing products and marketing strategies.

Expanding Offshore Oil & Gas Exploration and Technological Advancements in Pump Design

The growth of the oil and gas sector on a worldwide scale is driving an increase in the need for Single Phase Subsea Pumps to escalate further in the coming years ahead. Their pivotal function in the extraction process ensures smooth and dependable operations are maintained consistently. This significance is particularly pronounced in areas harboring oil and gas reservoirs with considerable potential, for deploying Single Phase Subsea Pumps effectively.

Innovations in pump technology are opening up opportunities for the advancement of Single Phase Subsea Pumps with enhanced designs that promise better performance and longevity while also focusing more heavily towards energy efficiency which is becoming a priority, within the industry sector as a whole Companies capable of providing these cutting edge solutions will stand out competitively going forward as technology progresses.

Growth Opportunities in North America and Asia-Pacific

Asia Pacific Outlook

In the Asia Pacific region countries such as China and India have seen a rise in the Single Phase Subsea Pump market along with Australia joining this growth trend too due to the growing interest in offshore exploration activities especially in regions like the South China Sea and Indian Ocean where competition among local and global companies, for market dominance is fierce. In this region of the market the factors that push it forward are the increasing need for energy the efforts by the government to encourage drilling and the necessity, for effective subsea pumping systems to optimize oil and gas output.

North America Outlook

North America— the United States—boasts a thriving market for Single Phase Subsea Pump thanks to the significant offshore oil and gas exploration in the region. Major industry players and advancements, in subsea systems have driven up demand. Competition is marked by innovation and strategic collaborations as leading companies work on improving pump performance and dependability. In this region of focus are the factors like the increasing offshore drilling operations and strict environmental rules alongside the demand, for enhanced subsea technologies to improve oil and gas recovery.

North America Outlook

North America— the United States—boasts a thriving market for Single Phase Subsea Pump thanks to the significant offshore oil and gas exploration in the region. Major industry players and advancements, in subsea systems have driven up demand. Competition is marked by innovation and strategic collaborations as leading companies work on improving pump performance and dependability. In this region of focus are the factors like the increasing offshore drilling operations and strict environmental rules alongside the demand, for enhanced subsea technologies to improve oil and gas recovery.

Asia-Pacific Outlook

In the Asia Pacific region countries such as China and India have seen a rise in the Single Phase Subsea Pump market along with Australia joining this growth trend too due to the growing interest in offshore exploration activities especially in regions like the South China Sea and Indian Ocean where competition among local and global companies, for market dominance is fierce. In this region of the market the factors that push it forward are the increasing need for energy the efforts by the government to encourage drilling and the necessity, for effective subsea pumping systems to optimize oil and gas output.

Growth Opportunities in North America and Asia-Pacific

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : U.S., Norway, UK, Brazil, Australia are expected to grow at 6.4% to 9.2% CAGR

2

Emerging Markets : Indonesia, Nigeria, Indonesia are expected to grow at 8.4% to 11.0% CAGR

Market Analysis Chart

The Single Phase Subsea Pump market is influenced by a variety of drivers and restraints that shape its growth trajectory. Key drivers include the escalating demand for efficient oil extraction methods and the increasing exploration activities in offshore oil fields. The Single Phase Subsea Pump, with its advanced technology and superior performance, offers an effective solution for these challenges, thereby driving its market demand. However, the market also faces certain restraints.

Recent Developments and Technological Advancement

December 2024

Subsea Technologies Inc. announced the launch of its advanced Single Phase Subsea Pump with a higher efficiency rating, designed to withstand harsh offshore conditions

October 2024

Baker Hughes, a leading provider in the industry, introduced a Single Phase Subsea Pump with innovative pressure handling capabilities, aiming to enhance oil recovery in deepwater operations

August 2024

Schlumberger, a key player in the market, unveiled a new Single Phase Subsea Pump with improved reliability and extended lifespan, targeting the growing demand in offshore oil and gas exploration.

The Single Phase Subsea Pump market seen significant advancements, primarily driven by the increasing demand for efficient oil and gas extraction methods. This specialized pump, designed to operate in the challenging subsea environment, has become a crucial component in the offshore oil and gas industry.

Impact of Industry Transitions on the Single Phase Subsea Pump Market

As a core segment of the Oil & Gas industry, the Single Phase Subsea Pump market develops in line with broader industry shifts. Over recent years, transitions such as Digital Transformation and Shift Towards Renewable Energy have redefined priorities across the Oil & Gas sector, influencing how the Single Phase Subsea Pump market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Digital Transformation:

The Single Phase Subsea Pump sector is going through a shift towards digitalization with technological advancements paving the way for smart systems that enhance pump efficiency while minimizing downtime and boosting operational effectiveness. One key example of this transformation is the incorporation of devices and predictive maintenance tools driven by AI technology – a game changer in how these pumps are supervised and serviced. This evolution not only enhances the durability and performance of the pumps but also brings about substantial savings, in operational expenses. The influence of this shift to technology has had a noticeable effect on related sectors like the oil and gas industry; particularly in the extraction processes involving subsea pumps which are crucial for operations in this field. The introduction of pumps has allowed these industries to improve their efficiency and financial performance leading to an increase, in their expansion.

2

Shift Towards Renewable Energy:

The global push towards sustainability has led to a shift in the Single Phase Subsea Pump industry towards renewable energy. The industry is now focusing on the development of energy-efficient subsea pumps that can operate on renewable energy sources such as wind and solar power.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Oil & Gas industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Oil & Gas industry cascade into the Single Phase Subsea Pump market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Increasing Offshore Oil Production, and Strict Environmental Regulations

Offshore oil production is also increasingly sought after playing a role in the Single Phase Subsea Pump markets growth trajectory. These pumps are also valued for their effectiveness in deep sea environments making them vital for extracting oil reserves. The market for Single Phase Subsea Pump is also projected to expand due to the growing energy needs and a shift, towards exploiting new offshore oil fields.
The stringent environmental regulations imposed on offshore oil and gas operations are also driving the demand for Single Phase Subsea Pumps. These pumps help in reducing the environmental impact by minimizing fluid leakages and ensuring efficient extraction of oil and gas. The need to comply with these regulations and maintain operational efficiency is also expected to further boost the market growth of Single Phase Subsea Pumps.
The ongoing progress in technology plays a crucial role in the Single Phase Subsea Pump industry as well. An increase in the production of pumps that are also more effective and dependable under challenging underwater circumstances has also resulted in a rise in the use of Single Phase Subsea Pumps across different sectors. These advancements have also also facilitated the investigation and retrieval of oil and gas from areas that were also previously inaccessible. This has also subsequently broadened the scope of the market, for Single Phase Subsea Pumps.

Restraint: High Initial Investment

The starting expense for setting up a Single Phase Subsea Pump is considerably high. May discourage potential buyers/users from investing in it initially because of the top notch technology and premium materials incorporated into these pumps that drive up the overall price tag significantly – not only to mention the additional costs linked to maintenance and upkeep which can pose a notable financial challenge in the market sphere; especially for smaller businesses, with constrained financial resources.

Challenge: Technical Challenges

The Single Phase Subsea Pump operates in harsh and unpredictable underwater conditions. This requires robust design and technology, which can be challenging to develop and implement. Additionally, any malfunction or breakdown in the pump can lead to expensive and time-consuming repair processes. These technical challenges can hinder the market growth and demand for Single Phase Subsea Pumps.

Supply Chain Landscape

Raw Material Acquisition

BHP Billiton

Rio Tinto

Component Manufacturing

General Electric

Siemens

Assembly & Testing
Aker Solutions / TechnipFMC
Distribution & Sales
Schlumberger / Baker Hughes
Raw Material Acquisition

BHP Billiton

Rio Tinto

Component Manufacturing

General Electric

Siemens

Assembly & Testing

Aker Solutions

TechnipFMC

Distribution & Sales

Schlumberger

Baker Hughes

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Leading Providers and Their Strategies

Application AreaIndustryLeading Providers / ConsumersProvider Strategies
Oil Recovery
Oil and Gas
Schlumberger
Schlumberger focuses on innovative technologies to enhance oil recovery and reduce operational costs. They prioritize the development of efficient single phase subsea pumps to ensure optimal performance in oil recovery operations.
Gas Compression
Energy
Baker Hughes
Baker Hughes leverages advanced engineering and design techniques to create single phase subsea pumps that are robust and reliable for gas compression applications. They aim to provide solutions that ensure seamless operations and longevity.
Water Injection
Offshore Drilling
Halliburton
Halliburton's strategy revolves around creating high-quality single phase subsea pumps for water injection applications. They focus on enhancing pump efficiency and durability to withstand the harsh offshore drilling conditions.

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Single Phase Subsea Pump market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Single Phase Subsea Pump in Seawater Injection, Chemical Injection and Oil & Gas Extraction

Seawater Injection

Single Phase Subsea Pumps are extensively used for seawater injection to maintain reservoir pressure and enhance oil recovery. These pumps are preferred for their high reliability and ability to handle large volumes of seawater under high pressure. Companies like Aker Solutions and OneSubsea are leading in this application, utilizing the unique advantages of Single Phase Subsea Pumps to maximize their oil recovery rates.

Chemical Injection

In the chemical injection process, Single Phase Subsea Pumps play a crucial role in injecting chemicals into the oil wells to prevent corrosion, hydrate formation, and wax deposition. These pumps are known for their precision and ability to handle corrosive chemicals. Halliburton and TechnipFMC are among the top players in this application, leveraging the strengths of Single Phase Subsea Pumps to maintain the integrity of their oil wells and ensure smooth operations.

Oil & Gas Extraction

The Single Phase Subsea Pump is predominantly used in the oil and gas industry for extraction purposes. Its high-pressure capabilities and robust design make it ideal for handling the harsh conditions of subsea operations. The pump facilitates efficient oil extraction by maintaining the pressure in the reservoir, thereby enhancing the recovery rate. Top players in this sector, such as Schlumberger and Baker Hughes, leverage the strength of these pumps to maintain their market position and optimize their extraction processes.

Single Phase Subsea Pump vs. Substitutes:
Performance and Positioning Analysis

The Single Phase Subsea Pump, compared to its alternatives, offers a more efficient, cost-effective solution for offshore oil and gas extraction. Its unique market positioning lies in its potential for growth in the renewable energy sector

Single Phase Subsea Pump
  • Multi phase Subsea Pumping Systems /
  • Electric Submersible Pumping Systems
    High efficiency, low maintenance requirements
    Limited capacity, susceptibility to pressure changes
    High efficiency, lower installation costs
    High maintenance requirements, less reliable in extreme conditions

Single Phase Subsea Pump vs. Substitutes:
Performance and Positioning Analysis

Single Phase Subsea Pump

  • High efficiency, low maintenance requirements
  • Limited capacity, susceptibility to pressure changes

Multi phase Subsea Pumping Systems / Electric Submersible Pumping Systems / Hydraulic Subsea Pumping Systems

  • High efficiency, lower installation costs
  • High maintenance requirements, less reliable in extreme conditions

The Single Phase Subsea Pump, compared to its alternatives, offers a more efficient, cost-effective solution for offshore oil and gas extraction. Its unique market positioning lies in its potential for growth in the renewable energy sector

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Research Methodology

This market research methodology defines the Single Phase Subsea Pump market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Oil & Gas ecosystem, we analyze Single Phase Subsea Pump across Oil Recovery, Gas Boosting, and Water Injection Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:

Statistical Review of World Energy - Energy Institute

EIA / EIA STEO / IEA

JODI data

UN Data

IRENA - Renewable Energy

JRC - Europe Power Plants

US Power Sector - Form 860

Annual Reports / Industry Magazines / Country Level Ministerial Sources

We benchmark competitors such as Aker Solutions, Baker Hughes, and Schlumberger Limited by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Material Acquisition, Component Manufacturing, and Assembly & Testing. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Oil & Gas revenues to estimate the Single Phase Subsea Pump segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Raw Material Acquisition (BHP Billiton, Rio Tinto), Component Manufacturing (General Electric, Siemens), and Assembly & Testing. Our parallel substitute analysis examines Multi phase Subsea Pumping Systems, Electric Submersible Pumping Systems, and Hydraulic Subsea Pumping Systems, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Aker Solutions, Baker Hughes, and Schlumberger Limited, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Single Phase Subsea Pump market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Single Phase Subsea Pump Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 698 million
Revenue Forecast in 2034USD 1.49 billion
Growth RateCAGR of 8.8% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 2024641 million
Growth OpportunityUSD 850 million
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD million and Industry Statistics
Market Size 2024641 million USD
Market Size 2027826 million USD
Market Size 2029978 million USD
Market Size 20301.06 billion USD
Market Size 20341.49 billion USD
Market Size 20351.62 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredProduct Type, Applications, Technology, Capacity, Operating Depth
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledAker Solutions, Baker Hughes, Schlumberger Limited, TechnipFMC, Siemens AG, Sulzer Ltd, OneSubsea, Halliburton, Weatherford International, NOV Inc., Flowserve Corporation and ITT Inc.
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Single Phase Subsea Pump Market Size, Opportunities & Strategic Insights, by Product Type

4.1Centrifugal
4.2Positive Displacement
Chapter 5

Single Phase Subsea Pump Market Size, Opportunities & Strategic Insights, by Applications

5.1Oil Recovery
5.2Gas Boosting
5.3Water Injection
5.4Others
Chapter 6

Single Phase Subsea Pump Market Size, Opportunities & Strategic Insights, by Technology

6.1Electric Submersible
6.2Hydraulic Submersible
Chapter 7

Single Phase Subsea Pump Market Size, Opportunities & Strategic Insights, by Capacity

7.1Up to 500 hp
7.2501-1000 hp
7.3Above 1000 hp
Chapter 8

Single Phase Subsea Pump Market Size, Opportunities & Strategic Insights, by Operating Depth

8.1Up to 500 meters
8.2501-1500 meters
8.3Above 1500 meters
Chapter 9

Single Phase Subsea Pump Market, by Region

9.1North America Single Phase Subsea Pump Market Size, Opportunities, Key Trends & Strategic Insights
9.1.1U.S.
9.1.2Canada
9.2Europe Single Phase Subsea Pump Market Size, Opportunities, Key Trends & Strategic Insights
9.2.1Germany
9.2.2France
9.2.3UK
9.2.4Italy
9.2.5The Netherlands
9.2.6Rest of EU
9.3Asia Pacific Single Phase Subsea Pump Market Size, Opportunities, Key Trends & Strategic Insights
9.3.1China
9.3.2Japan
9.3.3South Korea
9.3.4India
9.3.5Australia
9.3.6Thailand
9.3.7Rest of APAC
9.4Middle East & Africa Single Phase Subsea Pump Market Size, Opportunities, Key Trends & Strategic Insights
9.4.1Saudi Arabia
9.4.2United Arab Emirates
9.4.3South Africa
9.4.4Rest of MEA
9.5Latin America Single Phase Subsea Pump Market Size, Opportunities, Key Trends & Strategic Insights
9.5.1Brazil
9.5.2Mexico
9.5.3Rest of LA
9.6CIS Single Phase Subsea Pump Market Size, Opportunities, Key Trends & Strategic Insights
9.6.1Russia
9.6.2Rest of CIS
Chapter 10

Competitive Landscape

10.1Competitive Dashboard & Market Share Analysis
10.2Company Profiles (Overview, Financials, Developments, SWOT)
10.2.1Aker Solutions
10.2.2Baker Hughes
10.2.3Schlumberger Limited
10.2.4TechnipFMC
10.2.5Siemens AG
10.2.6Sulzer Ltd
10.2.7OneSubsea
10.2.8Halliburton
10.2.9Weatherford International
10.2.10NOV Inc.
10.2.11Flowserve Corporation
10.2.12ITT Inc.