These pumps are designed in accordance to the different flow rates required for varying purposes across industries. Many major submersible pump manufacturers distribute their products in multiple countries through their regional subsidiaries. Independent distributors play a critical role in regions where manufacturing companies themselves don’t have a presence.
Leading players in the global submersible pumps market include Xylem, Inc. (U.S.), Sulzer AG (Switzerland), KSB Group (Germany), Grundfos Group (Denmark), and Ebara Corporation (Japan) among others. Players in the global submersible pumps market make investments in R&D to enhance the efficiency of their products.
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Browse 77 tables and 75 figures spread through 205 Pages and in-depth TOC on "Submersible Pumps - Global Trends & Forecasts to 2020"
Scope of the Report
This report focuses on the global submersible pumps market, which has been segmented on the basis of type, operation, power rating, application, industry and region.
On the basis of Type
·
Openwell
·
Borewell
On the basis of Operation
·
Single-stage
·
Multi-stage
On the basis of Power Rating
·
Low
·
Medium
·
High
On the basis of Industry
·
Mining & Construction
·
Water & Wastewater
·
Energy & Power
·
Others
The global submersible pumps market was valued at USD 8.8 Billion in 2014 and is projected to reach USD 12.2 Billion by 2020, at a CAGR of 5.4% during the forecast period 2015 to 2020. Asia-Pacific was the largest market for submersible pumps in 2014, holding a 41.7% share, and is set to continue its dominance throughout the forecast period. High demand growth is expected from the developing countries in this region due to the factors such as growing urban population, industrial development and growing infrastructure investments.
Industrial sector is expected to be the largest application with 69% of the market share by year 2020. Major applications in the industrial sector include wastewater, sewage treatment & other effluent management activities, draining out water from holes during mining & construction activities, dewatering purpose in case of flood and other related calamities.
Increasing deep water exploration activities and subsea operations provides huge opportunities for submersible pumps used in the oil & gas industry. However, the high cost of the submersible pumps compared to the conventional ones and other factors such as cost incurred in case of motor failure may inhibit its market growth.
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This report contains market analysis and forecasts for important decision-makers among submersible pump manufacturers, distributors, raw material suppliers, component suppliers, and independent market analysts. The scope accordingly assists market participants to identify high growth markets and managing key investment decisions.
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