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Submersible Pump Market Size, Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Submersible Pump - Market SizeThe global market for Submersible Pump was estimated to be worth US$ 7873 million in 2023 and is forecast to a readjusted size of US$ 13850 million by 2030 with a CAGR of 8.3% during the forecast period 2024-2030.
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Electrical Submersible Pumps (ESP) are one of the most reliable and efficient ways to lift fluids to the surface, both oil and water. As the name suggests, it is submerged into the reservoir fluids and pushes the fluid to the surface. The ESP pumps can be designed to handle fluids of up to 60,000 b/d and cover various well conditions and production profiles, and generally a low cost solution for high volumes of lifting.
Europe is the largest Submersible Pump market with about 28% market share. China is follower, accounting for about 26% market share.The key manufacturers are Grundfos Group, KSB Group, Wilo, Xylem, Tsurumi, DAB pump, Ebara Corporation, Pedrollo S.p.a, Franklin Electric Co., Inc, Sulzer AG, SHIMGE, Kirloskar, Dongyin, Suprasuny, C.R.I PUPMS (Shanghai) Co.,Ltd, Saer Elettropompe S.p.a, Dafu, Yanshan Pump etc. Top 3 companies occupied about 17% market share.
This report aims to provide a comprehensive presentation of the global market for Submersible Pump, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Submersible Pump by region & country, by Type, and by Application.
The Submersible Pump market size, estimations, and forecasts are provided in terms of sales volume (Units) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Submersible Pump.
By Type
• Plastic Submersible Pump
• Cast Iron Submersible Pump
• Stainless Steel Submersible Pump
By Application
• Civil and Commercial Application
• Agricultural Application
• Industrial Application
Key Companies
Grundfos Group, KSB Group, Wilo, Xylem, Tsurumi, DAB pump, Ebara Corporation, Pedrollo S.p.a, Franklin Electric Co., Inc, Sulzer AG, SHIMGE, Kirloskar, Dongyin, Suprasuny, C.R.I PUPMS (Shanghai) Co.,Ltd, Saer Elettropompe S.p.a, Dafu, Yanshan Pump
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