Submersible Pumps Market Forecast 2020-2025: Size, Growth, Trends, Industry Analysis and Research Report

According to the latest report by IMARC Group, titled “Submersible Pumps Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global submersible pumps market is currently witnessing strong growth in 2019. Submersible pumps are mechanical devices that utilize a series of impellers for pumping fluid to the surface from underwater conditions. They are easy to install, involve low maintenance costs and space requirements, and are considered an effective alternative to jet pumps. Owing to these benefits, they are extensively utilized in the oil and gas, mining and construction industries.

Some of the key players being ATLAS COPCO AB/S ADR OTCMKTS: (ATLKY), Flowserve Corp NYSE: (FLS), Grundfos Holding A/S, ITT Gould’s Pumps Inc., Kirloskar Brothers Limited, KSB Aktiengesellschaft, Schlumberger, Sulzer AG, Weir Group Plc., Wilo SE, Xylem Inc., etc.

Request Free Sample Report: https://www.imarcgroup.com/submersible-pumps-market/requestsample

Rising construction activities around the world represent one of the key factors driving the global submersible pumps market growth. Furthermore, they find applications in water and wastewater management, and in the agriculture sector for irrigation purposes. Additionally, the declining groundwater levels and the rising demand for safe drinking water on account of the growing population are further catalyzing the demand for submersible pumps. Manufacturers are also integrating the internet of things (IoT) solutions with these pumps for enabling remote access and troubleshooting oilfield equipment. These innovations are further expected to create a positive outlook for the market in the coming years. Looking forward, IMARC Group expects the market to register a CAGR of around 7% during 2020-2025.

Market Breakup by Operation:
• Single Stage
• Multi-Stage

Market Breakup by Application:
• Water & Wastewater
• Mining & Construction
• Pulp & Paper
• Energy & Power
• Food & Beverages
• Chemicals & Pharmaceuticals
• Others

Market Breakup by Type:
• Open Well
• Borewell
• Non-Clog

Breakup by Segments:
• Electric
• Hydraulic
• Dewatering
• Borewell

Market Breakup by Power Rating:
• Low
• Medium
• High

Competitive Landscape Key Player:
• Atlas Copco
• Flowserve Corporation
• Grundfos Holding A/S
• ITT Gould’s Pumps Inc.
• Kirloskar Brothers Limited
• KSB Aktiengesellschaft
• Schlumberger
• Sulzer AG
• Weir Group Plc.
• Wilo SE
• Xylem
Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/submersible-pumps-market

Source: steemit
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want to need latest primary and secondary data (2020-2025) with Cost Module, Business Strategy, Distribution Channel, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Other Report by IMARC Group:
Crane Market Report 2020-2025: http://bit.ly/2EF9ddX

Mosquito Repellent Market Report 2020-2025: https://bit.ly/2SzU4Qp

Unmanned Ground Vehicles Market Report 2020-2025: http://bit.ly/3b6tTHM

IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800 |
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

This release was published on openPR.