Press release
Submersible Pumps Industry Projected to reach 13800 Million US$ by 2025
In terms of production side, this report researches the Submersible Pumps capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Submersible Pumps by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
A submersible pump is an equipment whose assembly are kept submerged in the fluids that it needs to pump thus preventing the formation of any vapor cavity in the liquid and work by pushing fluids to the surface from their submerged positions. These pumps are developed for different flow rates of the liquid satisfying different purposes in industries.
Global demand for submersible pumps is increasing due to infrastructural development activities worldwide. Governments of developing countries such as China and India are focussing on urbanisation, industrialisation and agricultural development, which is expected to drive demand for submersible pumps in the region. Demand for submersible pumps is expected to remain significant from agriculture and wastewater treatment industries throughout the forecast period. Development of new sources of potable water, small and medium scale industrial development are further expected to push the demand for submersible pumps over the forecast period 2017-2027.
Presence of a large number of Chinese players offering low price submersible pumps present significant challenges for many regional and global players in the submersible pumps market. The submersible pump industry is relatively fragmented with the presence of a large number of manufacturers across the globe. Organised market players are found to have been advancing towards mergers and acquisitions in order to expand their global footprint in the global submersible pumps market.
The Submersible Pumps market was valued at 9080 Million US$ in 2017 and is projected to reach 13800 Million US$ by 2025, at a CAGR of 5.4% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Submersible Pumps.
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This report includes the following manufacturers; we can also add the other companies as you want.
General Electric
Grundfos
Borets
Ebara
Falcon Pumps
Flowserve
Kirloskar Brothers
KSB
Ruhrpumpen
Sulzer
Walrus America
Market Segment by Product Type
Borewell Submersible Pump
Open Well Submersible Pump
Market Segment by Application
Water and Wastewater Management
Mining and Construction
Petroleum
Others
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