According to the latest report by IMARC Group, titled “Submersible Pumps Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” The global submersible pumps market reached a value of US$ 11.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 16.4 Billion by 2027,exhibiting a CAGR of 5.83% during 2022-2027. Submersible pumps are designed to push water to the surface from its submerged position by converting rotary energy into pressure energy. They are highly energy-efficient and are extensively utilized for irrigation, water treatment and oil extraction.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Industry Trends:
Submersible pumps are efficient, conserve energy and prevent the formation of vapor cavities in a liquid. As a result, it finds application in irrigation, water treatment and oil extraction across the globe. Along with this, there has also been a rising utilization of submersible pumps to conduct extraction activities in deep-sea reserves. Besides this, with the growing environmental concerns, governments of various countries are implementing policies to recycle wastewater, manage sewage and provide safe drinking water, which is propelling the market growth. Moreover, advancements in pump and motor designs have led to the introduction of lightweight product variants with enhanced operational efficiencies. These factors are anticipated to drive the market further in the coming years.
Top Companies in Submersible Pumps Industry Worldwide:
- Atlas Copco
- Flowserve Corporation
- Grundfos Holding A/S
- ITT Gould’s Pumps Inc.
- Kirloskar Brothers Limited
- KSB Aktiengesellschaft
- Schlumberger
- Sulzer AG
- Weir Group Plc.
- Wilo SE
- Xylem Inc.
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Key Market Segmentation:
Breakup by Type:
- Open Well
- Borewell
- Non-Clog
Breakup by Operation:
- Single Stage
- Multi-Stage
Breakup by Power Rating:
- Low
- Medium
- High
Breakup by Application:
- Water & Wastewater
- Mining & Construction
- Pulp & Paper
- Energy & Power
- Food & Beverages
- Chemicals & Pharmaceuticals
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
TOC for the Submersible Pumps Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Submersible Pumps Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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