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Submersible Pumps Market Share, Size & Global Industry Report, 2020-2027

04-01-2021 01:17 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: GMI Research

Growth Opportunities in the Submersible Pumps Market look promising over the next six years. This is mainly due to the increasing population rate, rapid industrial development, rapidly rising urban population, and the growing incidences of motor failure.

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Submersible Pumps Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The increasing population rate and the rapid industrial development across the globe are the significant factors contributing to the growth of the global submersible pumps market. The rising investments in the oil & gas projects, especially in the GCC region, is bringing numerous new growth opportunities in the upcoming years. The end-users globally are looking for advanced pumps with sleek designs and optimal functionality. This driver is promoting the manufacturers to increasingly invest in the research and development activities for product innovation, thus surging the growth of the market. Moreover, the growing urban population and the rising incidences of motor failure will further propel the growth of the submersible pumps market at a global level. The submersible pump provides an energy-saving feature and produced less noise in comparison to ordinary pumps. However, the high cost of these submersible pumps will hamper the growth of the market.

Application Segment Drivers

Based on the Application, the market is segmented into the agricultural sector, industrial sector, and domestic sector. The industrial is projected to increase at a faster CAGR in the coming years due to the high adoption of submersible pumps in several verticals, including sewage treatment, wastewater, draining out water from holes in several construction and mining activities. In addition to this, the increasing number of deep water exploration activities and subsea operations will further bolster the demand for the market.

To Know More About Global Submersible Pumps Market - https://www.gmiresearch.com/report/global-submersible-pumps-market/

Industry Segment Drivers

Based on the Industry, the market is segmented into energy & power, water & wastewater, mining & construction, and other industries. Mining & construction is expected to dominate the market in the coming years due to the continuous rise in construction activities at a global level. Economies like Saudi Arabia and UAE are majorly emphasizing infrastructural development like he Smart city project, to enhance the life quality of their citizen. These drivers will energize the construction activities, thereby supporting the growth of the market. The submersible pump is used to pump excess water from construction sites.

Submersible Pumps Market’s leading Manufacturers:

• Xylem Inc.
• Sulzer AG
• KSB Group
• Grundfos Group
• Ebara Corporation
• Atlas Copco AB
• Flowserve Corporation
• General Electric Company
• Halliburton Company
• The Gorman-Rupp Company

Submersible Pumps Market Segmentation:

Segmentation by Type:
• Openwell
• Borewell

Segmentation by Operation:
• Single Stage
• Multi Stage

Segmentation by Application:
• Agricultural Sector
• Industrial Sector
• Domestic Sector

Segmentation by Power Rating:
• Low Power
• Medium Power
• High Power

Segmentation by Industry:
• Water& Wastewater
• Energy& Power
• Mining& Construction
• Others

Segmentation by Region:

• North America
o United States of America
o Canada

• Asia Pacific
o China
o Japan
o India
o Rest of APAC

• Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe

• RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)

Media Contact

Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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