The global Submersible Pumps Market size is projected to reach USD 18.8 Billion by 2028, from 11.2 Billion in 2022, at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period. Exactitude Consultancy with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Submersible Pumps Market Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis. It also provides market information in terms of development and its capacities.
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Companies Profiled in Submersible Pumps Market Report:
Xylem, Sulzer, KSB, Grundfos, Atlas copco, Flowserve, Wilo, Tsurumi manufacturing, Homa and Leo.
Growing Utilisation of Electric Submersible Pumps (ESP) to Aid the Global Submersible Pump Industry Growth
The electric submersible pump (ESP) segment based on drive type accounts for a significant share in the market owing to the various advantages offered by the product. Electric submersible pump offers low bottomhole pressure, low bubblepoint, low gas/oil ratio, high water cut, and low API gravity fluids. Additionally, ESP is adaptable to highly deviated wells and subsurface wellheads. Furthermore, ESP is quiet, safe, and acceptable for industrial operations in the environmentally conscious areas. These factors are aiding the growth of the segment.
The Asia Pacific Accounts for a Significant Share in the Submersible Pump Industry
The submersible pump industry in the Asia Pacific is driven by the expansion of industrial facilities in countries like China and India, owing to the low cost of raw materials and favourable government policies. The increasing concerns regarding water scarcity are also invigorating the demand for submersible pumps to boost wastewater management. Furthermore, the thriving mining and construction industry in the region is likely to provide an impetus to the market in the forecast period.
Influencing Factors:
Submersible Pumps Market Forecast:
Market Segmentation
Global Market By Type, 2019-2028, (In USD Million)
Global Market By Application, 2019-2028, (In USD Million)
Regional Outlook
Regions considered in the market are gauged on the basis of performance metrics which differ by economic growth, government support, and investment scenario. Ease of business index and other growth metrics which foster market growth are considered before estimating its value. Figures and statistics from reputed government organizations are included in the report for cementing its value.
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Pre-Post COVID-19 Impact on Global Submersible Pumps Market
COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks.
In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the Submersible Pumps Market, since end-user industries were still not operating at their full capacity.
Secondary Research:
This research study made extensive use of secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global portable generator market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research:
Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.
Estimation of Market Size
The total size of the Submersible Pumps Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:
Extensive secondary research was used to identify the industry’s key players.
The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.
Key Points From TOC:
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1 Global Statistics — Key Countries
4.2 New Product Launches
4.3 Pipeline Analysis
4.4 Regulatory Scenario — Key Countries
4.5 Recent Industry Developments — Partnerships, Mergers and Acquisitions
5. Global Submersible Pumps Market Analysis, Insights and Forecast
5.1. Key Findings/ Summary
5.2. Market Analysis — By Product Type
5.3. Market Analysis — By Distribution Channel
5.4. Market Analysis — By Countries/Sub-regions
……………
11. Competitive Analysis
11.1. Key Industry Developments
11.2. Global Market Share Analysis
11.3. Competition Dashboard
11.4. Comparative Analysis — Major Players
12. Company Profiles
12.1 Overview
12.2 Products and Services
12.3 SWOT Analysis
12.4 Recent developments
12.5 Major Investments
12.6 Regional Market Size and Demand
13. Strategic Recommendations
TOC Continued…!
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