Global Submersible Pumps Market 2020 Industry research report provides an In-Depth analysis that includes an executive summary, definition, and scope of the market.
Submersible Pumps
Market – Overview
The
expansion of the mining sector has laid a favorable base for the development of
the market for submersible pumps. Reports that investigate the energy and power
industry have been presented by Market Research Future, which produces reports
on industry verticals that appraise the market expansion and prospects. A value
of USD 14,127.2 million is anticipated to boost the market at a CAGR of 5.57 %
in the forecast period.
The
demand for rare minerals in the consumer sector is expected to enhance the
submersible pump market further. Moreover, the constant demand for coal around
the world is anticipated to push the market expansion of the submersible pumps
market in the approaching period.
Segmental
Analysis
The
assessment of the submersible pumps market is conducted on the basis of end-use
industry, operation, well type, power rating, and region.
Based
on the well type, the market for submersible pumps is segmented into bore well
and open well.
On
the basis of operation, the market for submersible pumps is segmented into
multi-stage and single stage.
Based
on power rating, the submersible pumps market is segmented into low power, medium power, and high power.
By
end-use industry, the segmentation of the submersible pumps market comprises of
water and wastewater, agriculture and irrigation,
mining, construction, oil and gas, and others.
Based
on the region, the market for submersible pumps is segmented into Europe, North
America, Asia Pacific, and other global regions.
Regional
Analysis
The
regional review of the submersible pumps
market is segmented into regions
such as Europe, North America, Asia Pacific, and other global regions.
The
Asia Pacific region is likely to be the uppermost supplier for the submersible
pumps market through the forecast period due to the increasing offshore search
and production operations in countries such as China. The mounting water and
wastewater industry in countries such as China and India, who are streamlining
their water management procedures while managing the demands of their swelling
populations, is also anticipated to be a topmost driver for the submersible
pumps market in the Asia Pacific region. The Asia Pacific region was
accountable for approximately 42 % of the overall share in the submersible
pumps market in 2017.
Competitive
Analysis
The
geopolitical conflicts and strategies are further intensified by the power
tussles in international governments. The revolution noticed in the economies
of numerous emerging nations is anticipated to push the market’s development in
the forecast period. The need to stabilize the market conditions is expected to
be a primary concern in the period of the forecast. Also, the consumer trends
are anticipated to boost the market expansion in the coming years. The
developments in the manufacturing sector in terms of equipment and facility
space are expected to bolster the market’s development in the forecast period.
The market’s development is dictated by the influence of market forces at play.
The market is right now experiencing a chapter of dramatic developments. The
formation of beneficial commerce strategies by quite a few countries is
anticipated to amend the market’s growth perspective.
The
primary contenders in the submersible pumps market are Ebara Corporation
(Japan), Atlas Copco AB (Sweden), Flowserve Corporation (U.S.), The Gorman-Rupp
Company (U.S.), KSB Group (Germany), Tsurumi Manufacturing Co. Ltd. (Japan),
Xylem (U.S.), The Weir Group PLC (U.K.), Sulzer Ltd. (Switzerland), and
Grundfos (Denmark).
Industry Updates:
Oct
2019 Atlas Copco Power Technique revealed three novel electric submersible
pumps intended explicitly for drainage and sludge pumping uses. The WEDA S60
and S30 pumps are sludge/trash pumps, whereas the WEDA D80 is a drainage pump.
The WEDA pumps are 15 to 30 percent less heavier and use up to 20 percent less
energy than comparable models.
Mar
2019 A Denmark-based pump producer, Grundfos recently stated that it is doing
efforts to come up with an inexpensive innovation for the groundwater market in
the nation. The company states that products like water treatment solutions and
solar-powered pumps have an immense possibility in India. Moreover, the company
also noted that the solar-powered submersible products, as well as water
distribution and water treatment solutions, have vast prospects in India.
Get Complete
Submersible Pumps Market Report at: https://www.marketresearchfuture.com/reports/submersible-pumps-market-1351
About Market Research Future:
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