Franklin Electric

What they make

1 input Franklin Electric supplies

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Where they make it

2 facilities

Intelligence

What's known

Sourced claims about this company's role in supply chains — chokepoints, concentration, incidents, dual-use connections.

• Did you know2000

  Franklin Electric's FE PETRO brand submersible turbine pumps are present at approximately one of every two gas stations worldwide — the pump inside the underground storage tank (UST) that pulls petroleum fuel from the tank and pushes it up to the fuel dispenser on the pump island. When consumers fill their cars, Franklin Electric almost certainly moved that fuel from underground to the nozzle. Franklin and Marley/Emerson's Red Jacket brand historically constituted a US duopoly in submersible turbine pumps for petroleum — a DOJ antitrust filing confirmed this near-monopoly market structure. The same Indiana company that claims its motors are in one of every two water wells on earth is simultaneously the dominant pump component inside one of every two gas stations on earth.

  U.S. Department of Justice, Antitrust Division ↗

• Origin2018

  Franklin Electric's founding product in 1944 was a backpack generator for WWII paratroopers — a military application with no connection to water. After the war, founders E.J. Schaefer and T.W. Kehoe pivoted to submersible electric motors for water wells, where the sealed motor design pioneered for military fieldcraft translated into a pump that could operate submerged in a borehole. Named after Benjamin Franklin ("the country's first electrical engineer"), the company spent the next 80 years vertically integrating across water infrastructure, petroleum dispensing, and electrical grid monitoring — three supply chains that share almost no product overlap but are each downstream of the submersible motor technology invented in a post-WWII Indiana factory.

  Franklin Electric (fewater.com) ↗

• Capacity2026

  Franklin Electric generated $2.13B in FY2025 revenue across 68 global locations and manufacturing in 11 countries. Its submersible motors are claimed to be in approximately one of every two water wells on earth. The company is simultaneously the dominant petroleum submersible turbine pump manufacturer for gas stations (~50% global market), a critical grid reliability monitor manufacturer for utilities, and (through Pioneer Pump and the February 2025 PumpEng Australia acquisition) a specialized supplier of submersible dewatering pumps for hard-rock copper, gold, and lithium mining globally. The Headwater Companies distribution subsidiary (wholly owned since 2017) gives Franklin channel intelligence and captive distribution across the US groundwater contractor market — a vertical integration that most public investors don't model separately from the manufacturing segment.

  GlobeNewswire ↗

• Concentration2024

  Franklin Electric is the dominant supplier of submersible electric motors for deep-well agricultural irrigation pumping globally, with an estimated 22%+ share of the agricultural submersible pump market. The company's primary manufacturing in Bluffton, Indiana makes it a rare example of a critical irrigation input dominated by a US single-site manufacturer — but also means a major disaster at that facility could constrain US agricultural pumping capacity.

  MarketsandMarkets ↗