Press release
Electric Submersible Pumps Market Overview, Future Trends, Growth Factors, Historical Analysis & Forecast To 2027 | Sulzer, Kirloskar Brothers Limited, oddesse Pumpen- Und Motorenfabrik GmbH
The global Electric Submersible Pumps market was valued at 2543.5 Million USD in 2020 and will grow with a CAGR of 8.31% from 2021 to 2027. For modernization and commercialization, sufficient infrastructural investment is required. Furthermore, rising urbanization in emerging nations is predicted to stimulate investments in key sectors such as water and wastewater treatment, as well as power, propelling the submersible pumps market forward.The dominance of Asia Pacific can be linked to the region's rapid economic growth. Because of the low cost of raw materials and labor, the region is attracting investors to build up manufacturing enterprises. Industrial activity is increasing as a result of reduced manufacturing costs and local government backing.
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Top Key Players Included in Electric Submersible Pumps Industry Report: Sulzer, Kirloskar Brothers Limited, oddesse Pumpen- Und Motorenfabrik GmbH, KSB Company, Multiquip Inc., GRUNDFOS, Hitachi America, Xylem Inc., Caprari, Crompton Greaves Consumer Electricals Limited, Weatherford, TSURUMI PUMP, ZUWA-Zumpe GmbH, Homa Pumpenfabrik GmbH, Quadt Kunststoffapparatebau GmbH.
The report also includes the significant strategic growth of major market players on a universal and provincial scale including product launching, mergers and acquisitions, partnerships, joint ventures, and regional growth. In the global Electric Submersible Pumps market report, data from key players of the industry and their scope within the market are precisely analyzed and evaluated by a range of analytical instruments.
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Electric Submersible Pumps Industry segment by Type:
Onshore
Offshore
Electric Submersible Pumps Industry segment by Application:
Oil & Gas
Construction
Electronics
Military
Agriculture
Geographically, this Electric Submersible Pumps market report is segmented into a few key Regions, with production, utilization, revenue (million USD), and market share and growth rate of Global Electric Submersible Pumps Market Research Report 2021 Market these regions, covering: North America (the United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, etc.), Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa) and ROW.
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