Global Submersible Pumps Market by Type and by Region
by Oliver Smith Sr. SEO ExecutiveThe GMI Research speculates that the Submersible Pumps
Market will perceive an increase in demand over the forecast period. This is
because of their aggravating applications in the oil and gas industry, rising production
of an extensive amount of wastewater, and the increasing disbursement on
infrastructural development.
Introduction of the Submersible Pumps Market
A submersible pump is a pump entirely submerged into water
and an airtight sealed motor close to the body of the pump. The pump averts
pump cavitation and is efficient than the jet pumps. Further, they shove water
to the surface via transforming rotary into kinetic and then in pressure energy.
Key Players of Market:
- The Gorman-Rupp Company
- Sulzer AG
- Xylem Inc.
- General Electric Company
- KSB Group
- Grundfos Group
- Atlas Copco AB
- Ebara Corporation
- Flowserve Corporation
- Halliburton Company
Submersible Pumps Market Dynamics
The factors supplementing the market growth of the global
submersible pumps market include the increasing investment in the oil and
gas projects, primarily in the GCC region, and the augmenting preference of
individuals towards modernized pumps with a streamlined design and foremost
functionality. In addition, the ongoing industrial enhancement and the
accelerating population rate are strengthening the market size. Moreover, these pumps deliver an
energy-efficient feature and generate less noise than ordinary pumps. Besides
this, the surging investment in the research and development activities for
product invention, growing cases of motor failure, and rapid urbanization are
complementing the market growth. However, the inflated cost of these pumps will
hinder the submersible pumps market opportunities.
Application Segment Drivers
As per the Application, the market is dismembered into the
agricultural, industrial, and domestic sectors. Amongst all of these, the
industrial sector is predicted to witness higher growth over the forecast
period. This is because of the soaring endorsement of submersible pumps across
various industry verticals such as sewage treatment, wastewater, and
transferring out water from holes in different mining and construction
activities. Moreover, the intensifying number of deep water extrication
activities and subsea functions will supplement the submersible pumps market
size.
Industry Segment Drivers
Based on the Industry, mining & construction is
projected to hold the largest share in the market primarily due to the swift
enlargement in construction activities. Further, countries such as UAE and
Saudi Arabia are predominantly stressing infrastructural development, like the
Smart city project, to enhance the quality of life of their citizen. In
addition, the pump is extensively used to pump surplus water from construction
sites, thereby enlarging the global submersible pumps market size.
Submersible Pumps Market Segmentation:
Segmentation
by Type
·
Openwell
·
Borewell
Segmentation
by Operation
·
Single Stage
·
Multi Stage
Segmentation
by Application
·
Agricultural Sector
·
Industrial Sector
·
Domestic Sector
Segmentation
by Power Rating
·
Low Power
·
Medium Power
·
High Power
Segmentation
by Industry
·
Water& Wastewater
·
Energy & Power
·
Mining & Construction
·
Others
Segmentation
by Region:
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
North America
o
United States of America
o
Canada
·
RoW
o
UAE
o
Brazil
o
South Africa
o
Saudi Arabia
About GMI
Research
The organization is a consulting and market research company
with a team of seasoned and expert analysts offering fact-based research to
energy, healthcare, FMCG, and healthcare sectors. The research team provides insights
and market research reports to help clients comprehend the effect of market
dynamics like drivers, size, growth opportunities, share, etc. The information
about the industry is accumulated using external and internal databases. Our
main emphasis is to impart a step-by-step guidance to our clients through
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Created on Aug 24th 2021 06:36. Viewed 213 times.