Submersible Pumps Market Expected to Grow at 15.5 Billion In Revenue by 2025

According to Market Study Report, Submersible Pumps Market provides a comprehensive analysis of the Submersible Pumps Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry.

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The Submersible Pumps market is projected to reach USD 15.5 billion by 2025 from an estimated USD 11.2 billion in 2020, at a CAGR of 6.7% during the forecast period. This report spread across 211 Pages, Profiling 21 Companies and Supported with 146 Tables and 50 figures are now available in this research.

Top Companies Profiled in the Submersible Pumps Market:
• Xylem (US)
• Sulzer (Switzerland)
• KSB Group (Germany)
• Grundfos (Denmark)
• Atlas Copco (Sweden)

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The open-pit segment is projected to grow at the highest CAGR from 2020 to 2025. Open-pit submersible pump does not require a separate foundation or a pump house; it operates directly under submerged conditions. Open pit submersible pumps are expected to witness the highest demand from industrial applications, particularly from the water supply and treatment sector, as well as the mining and construction industries, where they play an important role in dewatering open pits.

The report segments the submersible pumps market, by type, into electrical, hydraulic, and air-driven. The electrical segment is expected to hold the largest market share, and grow at the highest CAGR during the forecast period owing to its high reliability and efficiency, and as it never has to be primed as it is already submerged in the fluid.

Competitive Landscape of Submersible Pumps Market:
1 Overview
2 Market Evaluation Framework
3 Competitive Scenario
4 Industry Concentration, 2019
4.1 Contracts & Agreements
4.2 Investments & Expansion
4.3 New Product Launches
4.4 Mergers & Acquisitions
4.5 Partnerships, Collaborations, Joint Venture, And Investments & Expansions
5 Company Evaluation Matrix To Definitions And Methodology
5.1 Star
5.2 Emerging Leader
5.3 Pervasive
5.4 Emerging Company
6 Company Evaluation Matrix, 2019

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Research Coverage:
The report defines, describes, and forecasts the submersible pumps market, by type, application, operation, power rating, sector, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges.

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