About Submersible Pumps
Submersible pumps is a device helps during its pumping process. The whole pump is submerged in the water to be pumped and it prevents pump cavitation, problems with high elevation difference. The submerged pumps push the water or fluid to the surface which creates a vacuum and depends on atmospheric pressure.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Submersible Pumps market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Xylem Inc. (United States), Sulzer Ltd. (Switzerland), KSB Group (Germany), Grundfos (Denmark), Gould Pumps Inc. (United States), Ebara Corporation (Japan), Tsurumi Manufacturing Co. Ltd (Japan), Ruhrpumpen GmbH (Germany) and Weir Group plc (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Halliburton (United States) and Gorman-Rupp Company (United States).
Segmentation Overview
AMA Research has segmented the market of Global Submersible Pumps market by Type (Well Pump and Sump Pump), Application (Ground Water Lowering, Pressure Boosting, Irrigation, Industrial Application and Others) and Region.
On the basis of geography, the market of Submersible Pumps has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Turkey, Saudi Arabia, Africa), North America (United States, Canada, Mexico). If we see Market by End Use Industry, the sub-segment i.e. Water & Wastewater will boost the Submersible Pumps market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operation, the sub-segment i.e. Single Stage will boost the Submersible Pumps market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Power, the sub-segment i.e. Low Power will boost the Submersible Pumps market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Continuous use of Submersible Pumps in the Agricultural Sector
Market Growth Drivers:
Growing Industrialisation in the Emerging Economies and Increasing Need for the Waste Water Treatment from Industries
Challenges:
Problems due to the Improper Installation of Submersible Pump
Restraints:
High-Cost Availability of Submersible Pumps and Problems due to Environmental Factors
Opportunities:
Improving Efficiency and Reliability of Submersible Pumps and Increasing Investment in Construction Industry
Market Leaders and their expansionary development strategies
In August 2023, Atlas Copco has agreed to acquire Sykes Group Pty Ltd. from Seven Group Holdings Ltd., a company listed on the Australian Securities Exchange.
In July 2019, Xylem Inc. launched the Flygt N3069 stainless steel submersible pump to overcome industrial challenges such as industrial food and aquaculture. It is manufactured for industrial works containing high chloride delivering corrosion resistance and extraordinary performance. Flygt N3069 has adaptive N-technology that provides higher efficiency in pumping, reduces energy consumption and greenhouse gas emissions by up to 25%.
Key Target Audience
Submersible Pumps Manufacturers, Submersible Pumps International Traders, Submersible Pumps Distributors and Suppliers, Research and Development Institutes, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.