Market Scenario
A submersible pump is a
mechanical equipment used for transferring several types of fluid and is
largely preferred for agricultural and industrial applications. This pump is
vertically submerged under the fluid to be transported and is driven by
electric current, operating on the principle of centrifugal force. Several
kinds of submersible pumps are available in the market, for serving different
purposes.
On the basis of region, the
market has been segmented into North America, Europe, Asia Pacific, and Rest of
the World. Asia Pacific dominates the global submersible pumps market in 2017.
High growth in construction industry in Asia Pacific region is the major factor
driving the growth of the market. Economic growth in the region has allowed for
a greater requirement of institutional and commercial infrastructure spaces.
Governments of emerging countries such as China and India are focusing on
urbanization, industrialization, and agricultural development, which is
expected to drive the demand for submersible pumps in the region. China, India,
Japan, and Indonesia are the key contributors in the region. China is expected
to dominate revenue share in the Asia Pacific submersible pumps market over the
forecast period.
North America is another
major region for the submersible pumps market.
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The major factors driving
the submersible pumps are the increasing demand for energy, and growing
residential and non-residential construction activities in the region.
Additionally, various government legislations and policies that aim at
protecting the environment also provide further boost to the growth of the
market. The U.S. is a major market contributor in global and North America
submersible pumps market.
Industry Segmentation
The global submersible
pumps market has been segmented based on well type, operation, power rating,
end-user, and region.
Based on well type, the
market is segmented into open well, and borewell. In 2017, Borewell submersible
pump dominates the well type segment of the market. These pumps are also known
as bore pump and well pump. It is one of the vital types of submersible pumps,
which are used to control water and liquid supply for residential and
non-residential purposes. It is designed for borehole and submersible pressure
systems, which differ depending upon hole depth. It is mounted horizontally and
can be powered by diesel and solar. The borewell submersible pumps segment is estimated
to witness robust growth in terms of value and volume over the forecast period.
Openwell segments are expected to have a moderate growth rate over the forecast
period.
Based on operation, the
market has been segmented into single stage, and multi-stage. In 2017, Multi
stage submersible pump segment dominates the operation segment of the market.
Multi-stage pumps refer to the different stages of pumping in the process of
pushing liquid, typically water, through their components. Manufactured in material
variants of cast iron, bronze, aluminum bronze or stainless steel, they are
common across applications where liquids need to be transported with high
pressure. They accomplish this with the use of multiple impellers or stages in
the body of the pump. They use numerous impellers to provide an increase in
flow or fluid pressure. Single stage submersible pumps segments is expected to
contribute significantly over the forecast period.
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Competitive landscape
The submersible pump
market is marked with the presence of major global and local vendors. The key
players in the market are focusing on product offerings and after-sales
services to remain competitive in the market.
Industry News
In April 2017, the
Frankenthal based KSB Aktiengesellschaft launched a new series of submersible
borehole pumps. The UPAchrom 100 series is designed for water supply and
irrigation applications as well as it is designed for use in small systems for
drawdown of groundwater levels. It covers discharge heads of up to 550 metres
and flow rates of up to 21,500 litres per hour.
Hence, global submersible
pumps market is estimated to expand at a CAGR of 5.57% by the end of the
forecast period.
Key Players
The key players of the
global submersible pumps market are Xylem, Inc. (U.S.), Sulzer AG
(Switzerland), KSB Group (Germany), Grundfos Group (Denmark), Ebara Corporation
(Japan), Flowserve Corporation (U.S.), and Tsurumi Manufacturing Co., Ltd
(Japan). Gorman-Rupp Company (U.S.), General Electric Company (U.S.), WILO SE
(Germany), The Weir Group Plc (Scotland), Walrus Pump Co., Ltd. (Taiwan), Atlas
Copco AB (Sweden), and Kirloskar Brothers Limited (India) are among others.
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