The Infinium Global Research analyzes the Submersible Pumps Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global submersible pumps market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of submersible pumps. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the submersible pumps market during the period.
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Increasing Urbanized Population and Industrialization is One of the Major Driving Factors of the Submersible Pumps Market
Increasing urbanized population and industrialization is one of the major driving factors of the submersible pumps market. Further, factors such as growing investment in infrastructure development, growth in the construction industry, and investment in water treatment development are also driving the market growth. However, the increasing cases of motor failure & high cost of troubleshooting involved are restraining the growth of the market. Moreover, the massive influx of investments in the oil & gas projects is expected to provide wide growth opportunities to the market players.
Submersible Pumps Market: Segmentation
The global submersible pumps market is segmented on the basis of type, operation, power rating, and end-use industry. On the basis of type, the market is segmented into open well and bore well. The bore well segment holds a large market share owing to their greater efficiency in groundwater extraction across various application areas including domestic, industrial, and agriculture. Based on operation, the sub-markets include single-stage and multi-stage. Based on the power rating, the market is segmented into low power, medium power, and high power. By end-use industry, the market is categorized into water & wastewater, energy & power, mining & construction, and other industries. The water & wastewater segment holds a large market share due to the high volume consumption of submersible pumps in this sector.
Asia-Pacific Holds the Largest Market Share of the Global Submersible Pumps Market
Among the regions, Asia-Pacific holds the largest market share of the global submersible pumps market. The expansion of industries, such as oil and gas, construction, etc. in developing countries China and India are driving the growth of the market in the Asia-Pacific region. China is experiencing rapid growth in urbanization rate which is resulting in declining water quality that led to an increase in the demand for submersible pumps in China.
Submersible Pumps Market: Competitive Analysis
Some of the industry participants of the global submersible pumps market are Sulzer AG, Xylem Inc., KSB Group, Grundfos Group, Halliburton Company, The Gorman-Rupp Company, Ebara Corporation, Atlas Copco AB, Flowserve Corporation, and General Electric Company among the others.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the submersible pumps.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.