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Global Submersible Pumps Market is Expected to Grow at a Massive CAGR of over 5.0% During 2019 - 2029 – PowerPoint PPT presentation

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Title: is9792 (12)

Submersible Pumps Market is estimated to Record a
CAGR of Nearly 5.0 through 2029
  • March 2020

Report Id REP-GB-817 Published On
April-2019 Category Industrial Automation and
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includes sources of databases
Submersible Pumps Market Analysis
  • Submersible Pumps Market is estimated to Record a
    CAGR of Nearly 5.0 through 2029
  • According to a new study of Future Market
    Insights (FMI), the submersible pumps sales in
    2018 closed in on 9,300 thousand units, and is
    estimated to record a Y-o-Y growth at 4.0 in
    2019. Growth of the submersible pumps market
    remains influenced by various factors, ranging
    from growing government investments in water and
    wastewater treatment, to increasing number of
    onshore and offshore oil exploration and
    production activities.
  • According to the study, submersible pumps sales
    in the water wastewater treatment are estimated
    to account for nearly 50 market share in 2019.
    Greater suitability of submersible pumps in
    water, wastewater, sewage, and sludge containing
    fibrous and solid material, as well as gaseous
    liquids, continues to underpin their sales. Key
    players in the submersible pumps markets have
    introduced products that facilitate installation,
    and feature automatic temperature and seal
    monitoring in real-time.
  • The study finds that tertiary recovery methods
    have gained significant momentum in the oil gas
    industries, and submersible pumps, electric
    submersible pumps in particular, play a vital
    role in these methods. As the oil gas
    exploration activities are near maturity, these
    methods are being viewed as more feasible and
    economical among industry players.
  • Electrical submersible pumps have witnessed
    increased adoption in the artificial gas lift,
    owing to their ability to improve the recovery
    factor of oil gas, in turn improving their
    production efficiency. With the increasing oil
    gas exploration activities, and artificial lift
    methods becoming more economical, submersible
    pumps are witnessing a surge in demand from the
    industry, and this is expected to continue over
    the forecast period.

Submersible Pumps Market Analysis
  • Borewell Submersible Pumps Remain Sought-after
  • The report estimates larger sales of borewell
    submersible pumps, compared to other variants, in
    light of their greater effectiveness in
    groundwater extraction across various application
    areas including domestic, industrial, and
    agriculture. Borewell submersible pumps are
    estimated to account for over 5 in 10 sales in
    2019, according to the study. Openwell
    submersible pumps are also expected to hold
    significant shares of the market over the period
    of forecast.
  • Sensing varied requirements of end users,
    submersible pump manufacturers have introduced
    products with different head mechanisms, which
    range from 50 meters to above 100 meters.
    Submersible pumps with the head mechanism of
    above 100 meters will continue to remain
    preferred, on account of their enhanced
    operational capability.
  • East Asia Remains Most Lucrative Market for
    Submersible Pumps
  • The study finds that East Asia will continue to
    remain the leading market for submersible pumps,
    with China at its forefront. Influx of
    investments in infrastructure projects, along
    with the robust mining, oil gas, and
    agriculture activities in China are key aspects
    fueling sales of submersible pumps in the
    country. The study expects Europe to account for
    a significant share in the submersible pumps
    market, and South Asia to be the high-growth
    market for submersible pumps, underpinned by the
    rapid economic developments in its developing
    nations such as India.

Submersible Pumps Market Analysis
  • The submersible pumps market continues to remain
    fairly fragmented in nature, owing to the
    presence of a large number of players competing
    for shares. Competition in the submersible pumps
    market is likely to intensify as key vendors
    include IoT enabled products in their portfolio
    to facilitate troubleshooting and remote access
    to oilfield equipment. Key player operating in
    the submersible pumps market include KSB AG,
    Flowserve Corp, Sulzer AG, Ebara Corporation,
    Weir Group Plc., Xylem Inc., Wilo SE, Kubota
    Corporation, Wacker Neuson Group, Atlas Copco
    Group, Tsurumi Manufacturing Co., Ltd.,
    Ingersoll-Rand plc, and Kirloskar Brothers Ltd.,
    among others.
  • This FMI study also offers forecast of the
    submersible pumps market for the period between
    2019 and 2029. The submersible pumps market is
    projected to record a CAGR of approximately 5.0
    through 2029.
  • Sourcehttps//
  • More from FMIs Industrial Automation Equipment
    Market Intelligence
  • Building Automation Systems Market
  • Electric Sub-meter Market

Submersible Pumps Market Analysis
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    reports and consulting services which are
    personalized in nature. FMI delivers a complete
    packaged solution, which combines current market
    intelligence, statistical anecdotes, technology
    inputs, valuable growth insights and an aerial
    view of the competitive framework and future
    market trends.
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