According to the new market research report “Submersible Pumps Market by Well (Open and Bore), By Operation (Single and Multi-stage), by Power Rating, by Application (Industrial, Agricultural, and Domestic), by Industry (Mining & Construction, Energy & Power, Water & Wastewater) & by Region – Global Trends & Forecasts to 2020”, defines and segments the submersible pumps market with analysis of market size, market share of leading players, and forecast for future trends. It also identifies the driving forces, restraining factors, and challenges for the market, highlighting the latest trends, and identifying opportunities.
Browse 77 tables and 75 figures spread through 205 Pages and in-depth TOC on “Submersible Pumps Market – Global Trends & Forecasts to 2020″
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The current and forecasted market size estimations are done considering the latest industry trends, usage pattern of various submersible pumps by the end users, and investments being made in the applicable industries industrial, agricultural and domestic sector around the globe.
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.
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.
The report provides qualitative analysis of the leading players in the submersible pumps market, with a clear insight and analysis of the development strategies used and preferred by them. The report also includes a chronology of the developments with respect to contracts and agreements (including joint ventures, collaborations, and partnerships), mergers and acquisitions, new product launches, and expansions.
Key players including Xylem, Inc. (U.S.), Sulzer AG (Switzerland), KSB Group (Germany), Grundfos Group (Denmark) and Ebara Corporation (Japan) have been profiled in this report. The market dynamics in terms of market drivers, restraints, opportunities, burning issues, and industry trends have also been discussed in this report.
This report contains market analysis and forecasts for important decision-makers among submersible pump manufacturers, distributors, raw material suppliers, component suppliers, and independent market analysts. The scope accordingly assists market participants to identify high growth markets and managing key investment decisions
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