Submersible Pump Market 2028 by Type, Operation, Application, Power Rating, Industry and Geography | The Insight Partners

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Submersible Pump Market to 2028 - Global Analysis and Forecasts by Type (Openwell, Borewell); Operation (Single Stage, Multistage); Application (Industrial Sector, Agriculture Sector, Domestic Sector); Power Rating (Low Power, Medium Power, High Power); Industry (Water and Wastewater, Energy and Power, Mining and Construction, Other Industries) and Geography

Report Code: TIPRE00029397 | No. of Pages: 150 | Category: Energy and Power | Status: Upcoming

A submersible pump is an equipment whose assembly is kept submerged in the fluids that it needs to pump thus preventing the formation of any vapor cavity in the liquid and working by pushing fluids to the surface from their submerged positions. These pumps are developed for different flow rates of the liquid satisfying different purposes in industries.

An increase in the count of urban population and increasing industrialization are driving the growth of the submersible pump market. However, the increasing cases of motor failure and the high cost of troubleshooting involved may restrain the growth of the submersible pump market. Furthermore, the increasing exploration activities related to deep water and increase in subsea operations are anticipated to create a market opportunity for the submersible pump market during the forecast period.

The "Global Submersible Pump Market Analysis To 2028" is a specialized and in-depth study of the energy and power industry with a special focus on the global market trend analysis. The submersible pump market report aims to provide an overview of the submersible pump market with detailed market segmentation by type, operation, application, power rating, industry, and geography. The global submersible pump market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading submersible pump market players and offers key trends and opportunities in the market.

The global submersible pump market is segmented on the basis of type, operation, application, power rating, and industry. Based on type, the submersible pump market is segmented into: openwell and borewell. On the basis of operation, the submersible pump market is segmented into: single stage and multistage. Based on application, the submersible pump market is segmented into: industrial sector, agriculture sector, and domestic sector. On the basis of power rating, the submersible pump market is segmented into: low power, medium power, and high power. Based on industry, the submersible pump market is segmented into: water and wastewater, energy and power, mining and construction, and other industries.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global submersible pump market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The submersible pump market by each region is later sub-segmented by respective countries and segments. The submersible pump market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the submersible pump market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the submersible pump market in these regions.

The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic had a negative impact on the submersible pump market. The outbreak of the COVID-19 pandemic has slowed the growth of the submersible pump market. This slowdown is mainly due to economic contractions, resulted from a halt in investments from various end-use industries. For instance, in the mining industry, the ongoing impact of the COVID-19 pandemic remains uncertain; with every passing day, the crisis is adversely affecting the supply chains and demand for commodities. Significant price drops were observed across major commodities, while in some cases, prices remain to be passive. For example, demand for metallurgical coal and thermal coal has decreased, while demand for gold and iron ore has increased. With the rising COVID-19 cases worldwide, the market growth for mining has remained slow as mining companies do not have permission to operate their mines with full labor strength. The current market scenario projects that recovery of the mining industry would take approximately 2-3 years. With slowing mining activities worldwide, the demand for submersible pumps has declined as well.
Furthermore, the spread of the COVID-19 pandemic is likely to adversely affect the business of companies manufacturing submersible pumps due to the global shutdown and supply chain disruptions. The order intake for the manufacturing companies has witnessed a decline in 2020 compared to the Q1 and Q2 of 2019. Also, the price for procuring raw materials is expected to increase due to the shortage of supply, which ultimately will lead to delays in order closures.

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The reports cover key developments in the submersible pump market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from submersible pump market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the submersible pump market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the submersible pump market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
  • Atlas Copco AB
  • Ebara Corporation
  • Flowserve Corporation
  • General Electric Company
  • Grundfos Group
  • Halliburton Company
  • ITT Goulds Pumps
  • KSB Group
  • The Gorman-Rupp Company
  • Xylem Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study" 

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The List Of Companies

  1. Atlas Copco AB
  2. Ebara Corporation
  3. Flowserve Corporation
  4. General Electric Company
  5. Grundfos Group
  6. Halliburton Company
  7. ITT Goulds Pumps
  8. KSB Group
  9. The Gorman-Rupp Company
  10. Xylem Inc.
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