Submersible Pumps Market worth 12.2 Billion USD by 2020

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Submersible Pumps Market by Well, By Operation,
by Power Rating, by Application, by Industry by
Region - Global Trends Forecasts to 2020
www.MarketsandMarkets.com
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The global submersible pumps market is projected
to grow at a CAGR of 5.4 from 2015 to 2020,
reaching a value of USD 12.2 Billion in 2020. In
2014, Asia-Pacific region was the largest market
for submersible pumps and accounted for a market
share of about 42 in terms of value. This can be
attributed to various factors such as growing
urban population, rapid industrialization, and
huge investments for infrastructure development
in this region. This region also houses the
leading developing economies such as China,
India, and Indonesia that have huge population
and have been exhibiting high economic growth
rate. PDF Brochure https//www.marketsandmarke
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With investments being made to modernize existing
water supply. Initiatives taken towards
maintaining a proper sewage system, and growing
process industries, agriculture as well as
domestic sector globally, the demand for
submersible pumps bound to increase during the
forecast period. India, Indonesia, China, Saudi
Arabia, and South Africa are expected to be the
high growth avenues for the submersible pumps
market. Industrial applications such as water
wastewater treatment, mining, construction and
oil production will drive most of the demand for
submersible pumps across the globe. Market for
submersible pumps used in domestic and commercial
scale water extraction will also grow at a steady
pace, helped by demand from growing cities with
scarce freshwater resources. Request for
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Browse gtgt 77 market data
tables 75 figures
205 pages and in-depth TOC on
Submersible Pumps Market by Well, By Operation,
by Power Rating, by Application, by Industry by
Region - Global Trends Forecasts to
2020 Early buyers will receive 10
customization on this report. This is a Premium
Report Priced at US 5650 for single
user. Corporate User US8150 This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
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In 2020, Asia-Pacific region is projected to have
the largest market for submersible pumps In
terms of value due to the growing urban
population in countries such as China, India, and
Indonesia. Also, other factors such as
agricultural, industrial, and infrastructure
spending in almost all developing economies in
the region are likely to boost the demand for
submersible pumps. 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. Request Sample _at_ https//www.marke
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• Key players -
• To provide an in-depth understanding of the
  competitive landscape, the report includes
  profiles of some of the leading players in the
  Submersible Pumps market, namely
• Xylem, Inc. (U.S.),
• Sulzer AG (Switzerland),
• KSB Group (Germany),
• Grundfos Group (Denmark),
• Ebara Corporation (Japan).
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