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.
MARKET DYNAMICS
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.
MARKET SCOPE
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.
MARKET SEGMENTATION
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.
REGIONAL FRAMEWORK
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.
IMPACT OF COVID-19 ON SUBMERSIBLE PUMP MARKET
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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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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.
IMPACT OF COVID-19 ON SUBMERSIBLE PUMP MARKET
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.
MARKET PLAYERS
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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Submersible Pump Market - By Type
1.3.2 Submersible Pump Market - By Operation
1.3.3 Submersible Pump Market - By Application
1.3.4 Submersible Pump Market - By Power Rating
1.3.5 Submersible Pump Market - By Industry
1.3.6 Submersible Pump Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SUBMERSIBLE PUMP MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SUBMERSIBLE PUMP MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SUBMERSIBLE PUMP MARKET - GLOBAL MARKET ANALYSIS
6.1. SUBMERSIBLE PUMP - GLOBAL MARKET OVERVIEW
6.2. SUBMERSIBLE PUMP - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. SUBMERSIBLE PUMP MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. OPENWELL
7.3.1. Overview
7.3.2. Openwell Market Forecast and Analysis
7.4. BOREWELL
7.4.1. Overview
7.4.2. Borewell Market Forecast and Analysis
8. SUBMERSIBLE PUMP MARKET - REVENUE AND FORECASTS TO 2028 - OPERATION
8.1. OVERVIEW
8.2. OPERATION MARKET FORECASTS AND ANALYSIS
8.3. SINGLE STAGE
8.3.1. Overview
8.3.2. Single Stage Market Forecast and Analysis
8.4. MULTISTAGE
8.4.1. Overview
8.4.2. Multistage Market Forecast and Analysis
9. SUBMERSIBLE PUMP MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. INDUSTRIAL SECTOR
9.3.1. Overview
9.3.2. Industrial Sector Market Forecast and Analysis
9.4. AGRICULTURE SECTOR
9.4.1. Overview
9.4.2. Agriculture Sector Market Forecast and Analysis
9.5. DOMESTIC SECTOR
9.5.1. Overview
9.5.2. Domestic Sector Market Forecast and Analysis
10. SUBMERSIBLE PUMP MARKET - REVENUE AND FORECASTS TO 2028 - POWER RATING
10.1. OVERVIEW
10.2. POWER RATING MARKET FORECASTS AND ANALYSIS
10.3. LOW POWER
10.3.1. Overview
10.3.2. Low Power Market Forecast and Analysis
10.4. MEDIUM POWER
10.4.1. Overview
10.4.2. Medium Power Market Forecast and Analysis
10.5. HIGH POWER
10.5.1. Overview
10.5.2. High Power Market Forecast and Analysis
11. SUBMERSIBLE PUMP MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY
11.1. OVERVIEW
11.2. INDUSTRY MARKET FORECASTS AND ANALYSIS
11.3. WATER AND WASTEWATER
11.3.1. Overview
11.3.2. Water and Wastewater Market Forecast and Analysis
11.4. ENERGY AND POWER
11.4.1. Overview
11.4.2. Energy and Power Market Forecast and Analysis
11.5. MINING AND CONSTRUCTION
11.5.1. Overview
11.5.2. Mining and Construction Market Forecast and Analysis
11.6. OTHER INDUSTRIES
11.6.1. Overview
11.6.2. Other Industries Market Forecast and Analysis
12. SUBMERSIBLE PUMP MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Submersible Pump Market Overview
12.1.2 North America Submersible Pump Market Forecasts and Analysis
12.1.3 North America Submersible Pump Market Forecasts and Analysis - By Type
12.1.4 North America Submersible Pump Market Forecasts and Analysis - By Operation
12.1.5 North America Submersible Pump Market Forecasts and Analysis - By Application
12.1.6 North America Submersible Pump Market Forecasts and Analysis - By Power Rating
12.1.7 North America Submersible Pump Market Forecasts and Analysis - By Industry
12.1.8 North America Submersible Pump Market Forecasts and Analysis - By Countries
12.1.8.1 United States Submersible Pump Market
12.1.8.1.1 United States Submersible Pump Market by Type
12.1.8.1.2 United States Submersible Pump Market by Operation
12.1.8.1.3 United States Submersible Pump Market by Application
12.1.8.1.4 United States Submersible Pump Market by Power Rating
12.1.8.1.5 United States Submersible Pump Market by Industry
12.1.8.2 Canada Submersible Pump Market
12.1.8.2.1 Canada Submersible Pump Market by Type
12.1.8.2.2 Canada Submersible Pump Market by Operation
12.1.8.2.3 Canada Submersible Pump Market by Application
12.1.8.2.4 Canada Submersible Pump Market by Power Rating
12.1.8.2.5 Canada Submersible Pump Market by Industry
12.1.8.3 Mexico Submersible Pump Market
12.1.8.3.1 Mexico Submersible Pump Market by Type
12.1.8.3.2 Mexico Submersible Pump Market by Operation
12.1.8.3.3 Mexico Submersible Pump Market by Application
12.1.8.3.4 Mexico Submersible Pump Market by Power Rating
12.1.8.3.5 Mexico Submersible Pump Market by Industry
12.2. EUROPE
12.2.1 Europe Submersible Pump Market Overview
12.2.2 Europe Submersible Pump Market Forecasts and Analysis
12.2.3 Europe Submersible Pump Market Forecasts and Analysis - By Type
12.2.4 Europe Submersible Pump Market Forecasts and Analysis - By Operation
12.2.5 Europe Submersible Pump Market Forecasts and Analysis - By Application
12.2.6 Europe Submersible Pump Market Forecasts and Analysis - By Power Rating
12.2.7 Europe Submersible Pump Market Forecasts and Analysis - By Industry
12.2.8 Europe Submersible Pump Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Submersible Pump Market
12.2.8.1.1 Germany Submersible Pump Market by Type
12.2.8.1.2 Germany Submersible Pump Market by Operation
12.2.8.1.3 Germany Submersible Pump Market by Application
12.2.8.1.4 Germany Submersible Pump Market by Power Rating
12.2.8.1.5 Germany Submersible Pump Market by Industry
12.2.8.2 France Submersible Pump Market
12.2.8.2.1 France Submersible Pump Market by Type
12.2.8.2.2 France Submersible Pump Market by Operation
12.2.8.2.3 France Submersible Pump Market by Application
12.2.8.2.4 France Submersible Pump Market by Power Rating
12.2.8.2.5 France Submersible Pump Market by Industry
12.2.8.3 Italy Submersible Pump Market
12.2.8.3.1 Italy Submersible Pump Market by Type
12.2.8.3.2 Italy Submersible Pump Market by Operation
12.2.8.3.3 Italy Submersible Pump Market by Application
12.2.8.3.4 Italy Submersible Pump Market by Power Rating
12.2.8.3.5 Italy Submersible Pump Market by Industry
12.2.8.4 United Kingdom Submersible Pump Market
12.2.8.4.1 United Kingdom Submersible Pump Market by Type
12.2.8.4.2 United Kingdom Submersible Pump Market by Operation
12.2.8.4.3 United Kingdom Submersible Pump Market by Application
12.2.8.4.4 United Kingdom Submersible Pump Market by Power Rating
12.2.8.4.5 United Kingdom Submersible Pump Market by Industry
12.2.8.5 Russia Submersible Pump Market
12.2.8.5.1 Russia Submersible Pump Market by Type
12.2.8.5.2 Russia Submersible Pump Market by Operation
12.2.8.5.3 Russia Submersible Pump Market by Application
12.2.8.5.4 Russia Submersible Pump Market by Power Rating
12.2.8.5.5 Russia Submersible Pump Market by Industry
12.2.8.6 Rest of Europe Submersible Pump Market
12.2.8.6.1 Rest of Europe Submersible Pump Market by Type
12.2.8.6.2 Rest of Europe Submersible Pump Market by Operation
12.2.8.6.3 Rest of Europe Submersible Pump Market by Application
12.2.8.6.4 Rest of Europe Submersible Pump Market by Power Rating
12.2.8.6.5 Rest of Europe Submersible Pump Market by Industry
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Submersible Pump Market Overview
12.3.2 Asia-Pacific Submersible Pump Market Forecasts and Analysis
12.3.3 Asia-Pacific Submersible Pump Market Forecasts and Analysis - By Type
12.3.4 Asia-Pacific Submersible Pump Market Forecasts and Analysis - By Operation
12.3.5 Asia-Pacific Submersible Pump Market Forecasts and Analysis - By Application
12.3.6 Asia-Pacific Submersible Pump Market Forecasts and Analysis - By Power Rating
12.3.7 Asia-Pacific Submersible Pump Market Forecasts and Analysis - By Industry
12.3.8 Asia-Pacific Submersible Pump Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Submersible Pump Market
12.3.8.1.1 Australia Submersible Pump Market by Type
12.3.8.1.2 Australia Submersible Pump Market by Operation
12.3.8.1.3 Australia Submersible Pump Market by Application
12.3.8.1.4 Australia Submersible Pump Market by Power Rating
12.3.8.1.5 Australia Submersible Pump Market by Industry
12.3.8.2 China Submersible Pump Market
12.3.8.2.1 China Submersible Pump Market by Type
12.3.8.2.2 China Submersible Pump Market by Operation
12.3.8.2.3 China Submersible Pump Market by Application
12.3.8.2.4 China Submersible Pump Market by Power Rating
12.3.8.2.5 China Submersible Pump Market by Industry
12.3.8.3 India Submersible Pump Market
12.3.8.3.1 India Submersible Pump Market by Type
12.3.8.3.2 India Submersible Pump Market by Operation
12.3.8.3.3 India Submersible Pump Market by Application
12.3.8.3.4 India Submersible Pump Market by Power Rating
12.3.8.3.5 India Submersible Pump Market by Industry
12.3.8.4 Japan Submersible Pump Market
12.3.8.4.1 Japan Submersible Pump Market by Type
12.3.8.4.2 Japan Submersible Pump Market by Operation
12.3.8.4.3 Japan Submersible Pump Market by Application
12.3.8.4.4 Japan Submersible Pump Market by Power Rating
12.3.8.4.5 Japan Submersible Pump Market by Industry
12.3.8.5 South Korea Submersible Pump Market
12.3.8.5.1 South Korea Submersible Pump Market by Type
12.3.8.5.2 South Korea Submersible Pump Market by Operation
12.3.8.5.3 South Korea Submersible Pump Market by Application
12.3.8.5.4 South Korea Submersible Pump Market by Power Rating
12.3.8.5.5 South Korea Submersible Pump Market by Industry
12.3.8.6 Rest of Asia-Pacific Submersible Pump Market
12.3.8.6.1 Rest of Asia-Pacific Submersible Pump Market by Type
12.3.8.6.2 Rest of Asia-Pacific Submersible Pump Market by Operation
12.3.8.6.3 Rest of Asia-Pacific Submersible Pump Market by Application
12.3.8.6.4 Rest of Asia-Pacific Submersible Pump Market by Power Rating
12.3.8.6.5 Rest of Asia-Pacific Submersible Pump Market by Industry
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Submersible Pump Market Overview
12.4.2 Middle East and Africa Submersible Pump Market Forecasts and Analysis
12.4.3 Middle East and Africa Submersible Pump Market Forecasts and Analysis - By Type
12.4.4 Middle East and Africa Submersible Pump Market Forecasts and Analysis - By Operation
12.4.5 Middle East and Africa Submersible Pump Market Forecasts and Analysis - By Application
12.4.6 Middle East and Africa Submersible Pump Market Forecasts and Analysis - By Power Rating
12.4.7 Middle East and Africa Submersible Pump Market Forecasts and Analysis - By Industry
12.4.8 Middle East and Africa Submersible Pump Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Submersible Pump Market
12.4.8.1.1 South Africa Submersible Pump Market by Type
12.4.8.1.2 South Africa Submersible Pump Market by Operation
12.4.8.1.3 South Africa Submersible Pump Market by Application
12.4.8.1.4 South Africa Submersible Pump Market by Power Rating
12.4.8.1.5 South Africa Submersible Pump Market by Industry
12.4.8.2 Saudi Arabia Submersible Pump Market
12.4.8.2.1 Saudi Arabia Submersible Pump Market by Type
12.4.8.2.2 Saudi Arabia Submersible Pump Market by Operation
12.4.8.2.3 Saudi Arabia Submersible Pump Market by Application
12.4.8.2.4 Saudi Arabia Submersible Pump Market by Power Rating
12.4.8.2.5 Saudi Arabia Submersible Pump Market by Industry
12.4.8.3 U.A.E Submersible Pump Market
12.4.8.3.1 U.A.E Submersible Pump Market by Type
12.4.8.3.2 U.A.E Submersible Pump Market by Operation
12.4.8.3.3 U.A.E Submersible Pump Market by Application
12.4.8.3.4 U.A.E Submersible Pump Market by Power Rating
12.4.8.3.5 U.A.E Submersible Pump Market by Industry
12.4.8.4 Rest of Middle East and Africa Submersible Pump Market
12.4.8.4.1 Rest of Middle East and Africa Submersible Pump Market by Type
12.4.8.4.2 Rest of Middle East and Africa Submersible Pump Market by Operation
12.4.8.4.3 Rest of Middle East and Africa Submersible Pump Market by Application
12.4.8.4.4 Rest of Middle East and Africa Submersible Pump Market by Power Rating
12.4.8.4.5 Rest of Middle East and Africa Submersible Pump Market by Industry
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Submersible Pump Market Overview
12.5.2 South and Central America Submersible Pump Market Forecasts and Analysis
12.5.3 South and Central America Submersible Pump Market Forecasts and Analysis - By Type
12.5.4 South and Central America Submersible Pump Market Forecasts and Analysis - By Operation
12.5.5 South and Central America Submersible Pump Market Forecasts and Analysis - By Application
12.5.6 South and Central America Submersible Pump Market Forecasts and Analysis - By Power Rating
12.5.7 South and Central America Submersible Pump Market Forecasts and Analysis - By Industry
12.5.8 South and Central America Submersible Pump Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Submersible Pump Market
12.5.8.1.1 Brazil Submersible Pump Market by Type
12.5.8.1.2 Brazil Submersible Pump Market by Operation
12.5.8.1.3 Brazil Submersible Pump Market by Application
12.5.8.1.4 Brazil Submersible Pump Market by Power Rating
12.5.8.1.5 Brazil Submersible Pump Market by Industry
12.5.8.2 Argentina Submersible Pump Market
12.5.8.2.1 Argentina Submersible Pump Market by Type
12.5.8.2.2 Argentina Submersible Pump Market by Operation
12.5.8.2.3 Argentina Submersible Pump Market by Application
12.5.8.2.4 Argentina Submersible Pump Market by Power Rating
12.5.8.2.5 Argentina Submersible Pump Market by Industry
12.5.8.3 Rest of South and Central America Submersible Pump Market
12.5.8.3.1 Rest of South and Central America Submersible Pump Market by Type
12.5.8.3.2 Rest of South and Central America Submersible Pump Market by Operation
12.5.8.3.3 Rest of South and Central America Submersible Pump Market by Application
12.5.8.3.4 Rest of South and Central America Submersible Pump Market by Power Rating
12.5.8.3.5 Rest of South and Central America Submersible Pump Market by Industry
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. SUBMERSIBLE PUMP MARKET, KEY COMPANY PROFILES
14.1. ATLAS COPCO AB
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. EBARA CORPORATION
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. FLOWSERVE CORPORATION
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. GENERAL ELECTRIC COMPANY
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. GRUNDFOS GROUP
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. HALLIBURTON COMPANY
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. ITT GOULDS PUMPS
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. KSB GROUP
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. THE GORMAN-RUPP COMPANY
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. XYLEM INC.
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
The List Of Companies
- 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 Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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