According to Stratistics MRC, the Global Submersible Pumps Market is accounted for $10.69 billion in 2019 and is expected to reach $20.84 billion by 2027 growing at a CAGR of 8.7% during the forecast period.
Rising investments in the construction industry, rapid urbanization, and high command for submersible pumps in the agricultural sector are the major factors propelling the market growth. On the other hand, motor failure and high troubleshooting costs are hampering the market growth.
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A submersible pump is equipment whose assembly is reserved submerged in the fluids that it needs to pump thus preventing the formation of any vapour cavity in the liquid and work by pushing fluids to the surface from the submerged positions. They utilize a series of impellers that push the fluid progressively towards the top. These pumps are developed for different flow rates of the liquid satisfying different purposes in industries.
Based on the end user, the industrial segment is estimated to have a lucrative growth during the forecast period due to the growing number of deepwater exploration activities and rising adoption of submersible pumps in various verticals such as wastewater, sewage treatment, draining out water from holes in various construction and mining activities.
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By geography, Asia Pacific is going to have a lucrative growth during the forecast period as this region is attracting investors to set up production facilities because of the accessibility of raw materials and labour at lower prices, and also industrial activities are increasing due to low manufacturing costs and the support of the local governments.
Some of the key players profiled in the Submersible Pumps Market include Atlas Copco, Ebara Corporation, Flowserve Corporation, General Electric Company, Grundfos, Halliburton, KSB Group, Sulzer, The Gorman-Rupp Company, Toyo Denki Industrial Co., Ltd., Tsurumi Manufacturing Co., Ltd., Walrus Pump Co., Ltd, Wilo SE, Xylem Inc, Mody Pumps, Grindex, SPT Pumpen, SAER Elettropompe Spa, BJM Pumps, and Vansan.
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Head Types Covered:
• Below 50M
• Above 100M
Power Ratings Covered:
• Below 1 HP
• 1–5 HP
• 5–15 HP
• Above 15 HP
Pump Types Covered:
• Bilge Pumps
• Electrical Submersible Pumps
• Effluent Pumps
• Grinder Pumps
• Openwell Submersible Pump
• Non-Clog Submersible Pump
• Borewell Submersible Pump
End Users Covered:
• Residential & Commercial
• Wastewater Management
• Water Supply & Distribution
• Chemicals & Pharmaceuticals
• Agricultural & Irrigation
• Pulp & Paper
• Food & Beverages
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
– Market share assessments for the regional and country level segments
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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