Press release
Submersible Pump Market Sluggish Growth Rate Foreseen by 2022-2028
Submersible pump market is anticipated to grow at a CAGR of 6.5% during the forecast period. The requirement for the submersible pump is increasing to resist floods in various regions. In floods, the defense government is adopting submersible pumps to handle the situation. Key players are providing submersible pumps with high technology to stay competitive in the market. For instance, in October 2022, Sulzer was awarded a contract from Ringkøbing Fjord (water utility) to provide submersible pumps to handle an increased risk of flooding in Denmark. Ringkøbing Fjord has installed two new pumping stations to mitigate the impact of rising water levels during rain, drainage, and cloudburst water.To Request a Sample of our Report on Submersible Pump Market: https://www.omrglobal.com/request-sample/submersible-pump-market
The new facilities will protect the town and the surrounding countryside for the next 40 years and far beyond. Each pumping station was designed with a base load pump to handle the day-to-day drainage water and three or four peak load pumps, which operate in a duty/assist/standby arrangement. The Ringkøbing has a pumping capacity of 1,582 liters per second (417 gallons per second)and Skælbækker have a pumping capacity of 2,254 liters per second (595 gallons per second). Moreover, Sulzer supplies one XFP submersible pump for the base load and three VUPX vertical column pumps for the peak load task for Ringkøbing pumping and one XFP submersible pump for the base load, and four VUPX vertical column pump for the peak load task for the adjacent Skælbækker station.
Moreover, to cater to the increasing demand for submersible pumps, key players are launching new products to stay competitive in the market. For instance, in February 2022, Shakti Pumps (India) Ltd, a manufacturer of energy-efficient pumps and motors launched a 4-inch Plug and Play Submersible Pump. The product is specially designed for achieving higher efficiency with lower operational costs. The product can be operated without any control box. It is designed to work with a range of 1HP, 1.5HP, 2HP, and 3HP.
Market Coverage
The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Type
By Application
By Sector
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- including Atlas Copco UK Holdings, C.R.I. Pumps Pvt Ltd., Flowserve Corp., Grundfos Pumps India Pvt Ltd., KSB SE & Co. KGaA, Pleuger Industries, SAER Elettropompe S.p.A., and others.
A full Report of Submersible Pump Market is Available @ https://www.omrglobal.com/industry-reports/submersible-pump-market
Submersible Pump Market Report Segment
By Type
Electrical
Hydraulic
Air-Driven
By Application
Open Pit
Borewell
By Sector
Industrial
Agricultural
Domestic
Submersible Pump Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
Atlas Copco UK Holdings
R.I. Pumps Pvt Ltd.
Flowserve Corp.
Grundfos Pumps India Pvt Ltd.
KSB SE & Co. KGaA
Pleuger Industries
SAER Elettropompe S.p.A.
Sulzer Ltd.
Tsurumi Manufacturing Co. Ltd
Wilo SE
Xylem Inc.
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Over 100+ paid data sources mined for investigation.
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Contact Person: Mr. Anurag Tiwari
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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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