Market Research Report
Global Submersible Pumps Market By Type (Non Clog, Borewell, Open Well), By Mode of Operation (Single Stage Vs. Multi-Stage), By Power Rating (Low, Medium, High), By Head, By Sector, By Application, By Region, Competition Forecast & Opportunities, 2028
|Published by||TechSci Research||Product code||859773|
|Published||Content info||117 Pages
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|Global Submersible Pumps Market By Type (Non Clog, Borewell, Open Well), By Mode of Operation (Single Stage Vs. Multi-Stage), By Power Rating (Low, Medium, High), By Head, By Sector, By Application, By Region, Competition Forecast & Opportunities, 2028|
|Published: June 1, 2019||Content info: 117 Pages||
Global Submersible Pumps Market By Type (Non Clog, Borewell & Open Well), By Mode of Operation (Single Stage Vs. Multi-Stage), By Power Rating (Low, Medium & High), By Head (Below 50 m, 50 m-100 m & >100 m), By Sector, By Application, By Region, Competition Forecast & Opportunities, 2028.
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.
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, Grundfos Holding A/S, KSB Aktiengesellschaft, Wilo SE, ITT Goulds Pumps Inc, etc.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of submersible pumps manufacturers and suppliers in more than 75 countries across the globe. Subsequently, TechSci 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, TechSci Research was able to include the manufacturers which could not be identified due to limitations of secondary research. TechSci Research analyzed product offerings, distribution channels, and regional presence of all major submersible pump companies across the globe.
TechSci 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. TechSci 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 TechSci Research.
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.
In this report, global submersible pumps market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Competition Benchmarking: Benchmarking of leading 10 players on the basis of product portfolio, etc.
Company Profiles: Detailed analysis of major companies present in global submersible pumps market.
With the given market data, TechSci Research offers customizations according to the company's specific needs. Following customization options are available for the report:
Channel Partner Analysis