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Submersible Pumps Market

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The subsea production activities have created a substantial impetus for the development of the submersible pumps. Reports that appraise the energy and power industry have been made accessible by Market Research Future which generates reports on seve
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Global Submersible Pumps
Market Research Report:
Forecast to 2023
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Copyright © 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
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Copyright © 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Summary
The subsea production activities have created a substantial impetus for the development of the submersible
pumps. Reports that appraise the energy and power industry have been made accessible by Market Research
Future which generates reports on several industry verticals that analyze the market growth and prospects. The
market is anticipated to achieve a CAGR of 5.57% while accumulating revenues worth USD 14,127.2 million in the
forecast period.
The reliance on rare earth metals has increased the demand for the submersible pumps market globally. Because
the rare earth metals are increasingly used in consumer electronics the demand for rare earth metals is expected
to lead to an expansion of the demand of submersible pumps. Furthermore, the stable demand from the mining
sector is expected to bolster the demand for the submersible pump market in the forecast period.
Competitive Landscape
A reinvigorated progress stride is detected in the market due to the beneficial effect applied both within and outside
the market by noteworthy driving factors. The change in the product portfolio encourages the elasticity of demand
in the market. The budget factors in the expenditures of the competitors in the market are becoming more varied.
The working environment in the market is guiding towards productive growth in the market. Additionally, the rising
business requirements in the market are generating a promising backdrop for change. The factors for
transformation are inspiring the advance of the market. Also, the capabilities of the market are bolstered by the
reconditioned characteristics of the assets present in the market. The dedication to handling the hindrances in the
market by the players has noticeably improved of late. Besides, the step-up in the economic environment is
projected to lift progress of the market.
The principal companies in the submersible pumps market globally comprise of KSB Group (Germany), Ebara
Corporation (Japan), Flowserve Corporation (U.S.), The Gorman-Rupp Company (U.S.), Xylem (U.S.), Atlas
Copco AB (Sweden), The Weir Group PLC (U.K.), Sulzer Ltd. (Switzerland), Tsurumi Manufacturing Co. Ltd.
(Japan), and Grundfos (Denmark).
Market Segmentation
The evaluation of the submersible pumps market is carried out on the basis of operation, well type, end-use
industry, power rating, and region. Based on the well type, the submersible pumps market is segmented into bore
well and open well. Based on operation, the submersible pumps market is segmented into multi-stage and singlestage. On the basis of power rating, the submersible pumps market is segmented into medium power, low power,
and high power. The segmentation of the submersible pumps market by end use industry comprises of agriculture
and irrigation, water and wastewater, construction, oil and gas, mining, and others. Based on the region, the
submersible pumps market is segmented into Europe, North America, Asia Pacific, and the rest of the world.
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Copyright © 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
Regional Analysis
The regional assessment of the submersible pumps market is segmented into regions such as Europe, North
America, Asia Pacific, and the rest of the world. The Asia Pacific region is expected to be the top contributor for the
submersible pumps market throughout the forecast period owing to the expanding offshore search and production
activities in nations such as China. The growing water and wastewater industry in nations such as China and India,
who are modernizing their water management procedures while overseeing the demands of their mounting
populations, is also expected to be a chief driver for the submersible pumps market in the Asia Pacific region. The
Asia Pacific region was accountable for up to 42 % of the submersible pumps market in 2017.
Industry Updates:
Mar 2019 A Denmark-based pump producer, Grundfos recently stated that it is doing efforts to come up with an
inexpensive innovation for the groundwater market in the nation. The company states that products like water
treatment solutions and solar-powered pumps have an immense possibility in India. Moreover, the company also
noted that the solar-powered submersible products, as well as water distribution and water treatment solutions,
have vast prospects in India.
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Copyright © 2017 Market Research Future.
Global Non-Volatile Memory Market Research Report: Forecast to 2023
owned company based in Norway that has developed a field-proven portfolio of completion systems and intervention tools.
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