Global submersible pumps market stood at $ 9.9 billion in 2018 and is anticipated to grow at a CAGR of around 7% to reach $ 19.3 billion by 2028, on account of increasing demand for submersible pumps in agriculture sector for irrigation purposes, growing need to treat wastewater generated from industrial sector and declining groundwater levels. Moreover, rising industrialization coupled with huge investments in infrastructure and water treatment development is expected to increase demand for submersible pumps across the globe during forecast period. Growing demand for water in emerging countries such as India and China owing to increasing construction agriculture activities is further expected to boost demand for submersible pumps. Additionally, factors such as increasing investment in oil & gas exploration, real time monitoring of submersible pumps operations and increasing competition leading to low price of submersible pumps would further drive the market over the next five years.
Years considered for this report
Historical Years2014 – 2017
Base Year2018
Estimated Year2019
Forecast Period2020 – 2028
Objective of the Study
- To
describe, examine and forecast global submersible pumps market.
- To provide
a detailed analysis of global submersible pumps market on the basis of
type, mode of operation, power rating, head, applications and region.
- To
determine and forecast the market size, by segmenting the global market
into five regions – Asia-Pacific, Europe, North America, Middle East &
Africa, and South America.
- To evaluate
the demand for submersible pumps in various industry verticals globally
such as water & wastewater, mining & construction, chemicals &
pharmaceuticals, pulp & paper, food & beverages, energy &
power, and others.
- To
scrutinize the competitive developments such as new product launches and
mergers & acquisitions in global submersible pumps market.
- To provide
detailed information regarding the crucial factors influencing the growth
of global submersible pumps market.
- To analyze
the technical trends of global submersible pumps market.
- To identify
and strategically profile the leading players operating in global
submersible pumps market.
Some of the major players operating in global submersible pumps market are Xylem Inc., Flowserve Corporation, Weir Group Plc, Sulzer Limited, Atlas Copco AB, Kirloskar Brothers Limited,
Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of submersible pumps manufacturers and suppliers in more than 75 countries across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified manufacturing companies and suppliers. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research was able to include the manufacturers which could not be identified due to limitations of secondary research. Market Insights Research analyzed product offerings, distribution channels, and regional presence of all major submersible pump companies across the globe.
Market Insights Research calculated the market size for global submersible pumps using a bottom-up approach, wherein submersible pump companies’ value sales data for type, mode of operation, power rating and head were recorded and forecast for the future years. Market Insights Research gathered this information by conducting interviews with industry experts and company representatives and externally validated through analyzing historical sales data of respective companies to arrive at the overall market size. Various secondary sources such as secondary sources directories, databases such as Central Pollution Control Board, IPMA, USDA, China Ministry of Water Resources, World Bank, OECD, EU Legislation, company annual reports, white papers, investor presentations and financial reports were also studied by Market Insights Research.
Key Target Audience
- Open well
submersible pump, borewell submersible pump, non-clog submersible pump
manufacturers and suppliers
- Major end
users of submersible pumps
- Research
organizations and consulting companies
- Associations,
organizations, forums and alliances related to submersible pumps
- Government
bodies such as regulating authorities and policy makers
- Market
research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders, such as manufacturers, distributors & dealers, customers and policy makers. The report would also help in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on the growth of specific market segments.
