Submersible Pumps Market by Type (Electric, Hydraulic, Air-Driven), Application (Open Pit, Borewell), Operation (Single-stage, Multi-stage), Power Rating (<1, 1-5, 5-15, >15 HP), Sector (Industrial, Agricultural, Domestic), Region - Global Forecasts to 2025
[211 Pages Report] The global Submersible Pumps Market in terms of revenue was estimated to be worth $11.2 billion in 2020 and is poised to reach $15.5 billion by 2025, growing at a CAGR of 6.7% from 2020 to 2025. Increasing investments in construction industry attributing to rapid urbanization, and high demand for submersible pumps in the agricultural sector are the key factors driving the growth of the submersible pumps market.
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COVID-19 Impact on the global submersible pumps 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 COVID-19 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 delay in order closures.
Submersible pumps market Dynamics
Driver: Increasing investments in construction industry attributed to rapid urbanization
Investments in the construction industry are playing a vital role in the growth of the global and regional economies. It is expected that spending on capital projects and infrastructure will grow significantly in the next decade. China, India, Indonesia, and other countries of Asia Pacific are highly investing in infrastructure development. For instance, in Indonesia, infrastructure spending is projected to reach USD 165 billion by 2025. Sufficient infrastructure investment is required for modernization and commercialization. In addition, increasing urbanization in emerging markets is expected to boost the investments in major sectors, such as water & wastewater treatment and power, which is consequently expected to drive the growth of the submersible pumps market.
Restraints: Motor failure and high troubleshooting cost
The motors of submersible pumps are extremely reliable when applied within their design limits of temperature, hydraulic loading, and power requirements. Typical agricultural, domestic, and municipal systems are excellent applications for these motors. Unfortunately, these motors are often used in applications that unknowingly exceed the design criteria of motors. As a result, failures occur, and the advantages of submersible motors are lost or quickly forgotten. Submersible motors are most commonly affected by high temperature, which includes pumping hot water, overloading of the motor by the pump, loss of cooling flow past in the motor, scale buildup, and frequent engine on and off. The troubleshooting cost of such failures is high, and it reduces the pump’s life because of repairs and re-installations. Thus, the failure of pump motors and the associated cost of troubleshooting act as a restraint for the growth of the submersible pumps market.
Opportunities: Upgradation of aging and construction of new water & wastewater treatment facilities
The water & wastewater treatment facilities in the developed countries are aging and are shifting toward the end of the operational lifecycle. High investments are required in reinstalling and upgrading the old infrastructure to overcome this situation. On the other hand, several emerging economies still do not have adequate access to drinking water and have just started building upgraded water infrastructure. Such initiatives to upgrade aging infrastructure is likely to create lucrative growth opportunities for the submersible pumps market.
Water & wastewater treatment systems have an operational life of about 70–80 years, and in many instances, the water & wastewater treatment plants have reached the end of their shelf life. This factor also demands high investments in repairing and upgrading the aging water infrastructure. The renovation or rebuilding of aging water plants will help in the supply of fresh water; however, lower installation and upgrading of new equipment and system to replace the old infrastructure are expected.
Challenges: High competition from local and regional players
Local and regional players offering submersible pumps pose a serious challenge to brand owners by providing cheap alternatives and maintenance services at a low cost. This unorganized sector can overpower market giants with its price competitiveness and local supply network. In developing countries such as India and China, cost is a major parameter during procurement, which provides opportunities for local players to offer substitutes and similar products at a comparatively lower cost. Also, due to their proximity, local players are more capable of responding to customer requirements early, which acts as an additional add-on during purchases. This restricts the entry of global players in the local market and presents a challenge in the submersible pumps market.
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By type, the electric segment is the largest contributor in the submersible pumps market in 2019.
The electrical submersible segment held a largest market size as these pumps can handle both solids & liquids and are used across numerous sectors to boost production. Electrical submersible pumps, commonly known as ESPs, are typically used to pump liquid. ESPs are centrifugal pumps with vertical shafts that depend on rotating impellers to pressurize the fluid. They use an electric motor to drive the pump, which helps in increasing the fluid’s kinetic energy. ESPs are used in different sectors, such as industrial, agricultural, and domestic. For instance, in the oil & gas industry, electrical submersible pumps are used to increase the flow of fluids from wells when a reservoir does not have enough energy to produce at economical rates naturally, and boost production to improve financial performance. The growth of this segment is due to its increasing demand attributed to high reliability and efficiency, and as it never has to be primed as it is already submerged in the fluid.
By application, open pit segment is expected to be the largest contributor during the forecast period.
Open pit submersible pump does not require a separate foundation or a pump house; it operates directly under submerged conditions. The pump is submerged in an underground reservoir or tank and is connected to the electrical supply for operation. The rotary energy of the impeller is converted into kinetic energy of water, which lifts the water to the desired levels. Open pit submersible pumps are expected witness the highest demand from industrial applications, particularly from the water supply and treatment sector, as well as the mining and construction industries, where they play an important role in dewatering open pits.
By operation, the single-stage segment is expected to be the largest contributor during the forecast period.
Single-stage submersible pump has only one impeller installed inside it and is designed as a relatively low head or low flow submersible pump. It is mostly used for sewage pumping, domestic, general industrial pumping, and slurry pumping. It is the most commonly used type of submersible pump and suitable for use when the total dynamic head (TDH) is low-to-moderate. The reliability and low maintenance costs of single-stage pumps in applications with moderate dynamic heads such as water pumping stations, which are some of the most common applications of submersible pumps, are expected to boost their demand for single-stage pumps across the globe.
By power rating, the 5–15 hp segment is expected to be the largest contributor during the forecast period.
5–15 hp submersible pumps market is expected to hold the largest share of the submersible pumps market during the forecast period. They are used for numerous applications in the industrial, agricultural, and domestic sectors. 5–15 hp submersible pumps have higher electrical and mechanical efficiency. It helps in reducing energy consumption significantly and efficiently address electric overload issues caused due to fluctuating power supply. The submersible pumps available in this range can be used for several applications, namely, industrial water supply, water treatment plants, agricultural, residential complexes, commercial buildings, and for several other industrial uses.
By sector, the industrial segment is expected to be the largest contributor during the forecast period.
The industrial sector includes industries such as water & wastewater, mining & construction, energy & power, and others. Others includes chemical & pharmaceutical, pulp & paper, and food & beverage industries. Submersible pumps are used for dewatering activities in construction sites, production activities in oilfields (artificial lift), and water and sewage treatment plants, as well as in the manufacturing plants and sand, sludge & slurry removal in mines. The submersible pumps market is expected to witness most of its demand from the industrial sector in the next 5 years, especially from Asia Pacific, which is quickly becoming the center of global economic growth in terms of production as well as consumption.
Asia Pacific is expected to account for the largest market size during the forecast period.
Asia Pacific region has been segmented, by country, into China, India, Australia, Indonesia, Japan, and Rest of Asia Pacific. Rest of Asia Pacific includes Malaysia, Thailand, Philippines, and South Korea. The region’s domination can be attributed to rapid economic expansion. The region is attracting investors to set up production facilities because of the availability of raw materials and labor at lower prices. Industrial activities are growing due to low manufacturing costs and the support of the local governments. Increasing investments in R&D is also one of the factors driving the submersible pumps market in Asia Pacific. According to the World Bank, Asia Pacific is the fastest-growing region in the world, experiencing continued economic growth. The International Monetary Fund (IMF) has deemed China and India to be two of the fastest-growing economies in the world. This is expected to increase industrial activities and population, which will, in turn, play a significant role in driving the demand for water & wastewater treatment plants and further boost the submersible pumps market in the region.
Key Market Players
Some of the key players are Xylem (US), Sulzer (Switzerland), KSB Group (Germany), Grundfos (Denmark), and Atlas Copco (Sweden). The leading players are adopting various strategies to increase their share in the submersible pumps market.
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Scope of the Report
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|
Report Metric |
Details |
|
Market Size available for years |
2018–2025 |
|
Base year considered |
2019 |
|
Forecast period |
2020–2025 |
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Forecast units |
Value (USD) |
|
Segments covered |
Type, Application, Operation, Power Rating, Sector, and Region |
|
Geographies covered |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
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Companies covered |
Xylem (US), Sulzer (Switzerland), KSB Group (Germany), Grundfos (Denmark), and Atlas Copco (Sweden), Tsurumi Manufacturing (Japan), Grindex (Sweden), Flowserve (US), Wilo (Germany), Vansan (Turkey), SAER Elettropompe (Italy), Pleuger (Germany), C.R.I. Pumps (India), PRORIL (Taiwan), HOMA (US), LEO (China), EBARA Corporation (Japan), BJM Pumps (US), Mody Pumps (US), SPT Pumpen (Germany), and HCP (Taiwan) |
This research report categorizes the submersible pumps market-based on type, application, operation, power rating, sector, and region
Based on Type, the submersible pumps market has been segmented as follows:
- Electrical
- Hydraulic
- Air-Driven
Based on application, the submersible pumps market has been segmented as follows:
- Open Pit
- Borewell
Based on operation, the submersible pumps market has been segmented as follows:
- Single-stage
- Multi-stage
Based on power rating, the submersible pumps market has been segmented as follows:
- Below 1 HP
- 1–5 HP
- 5–15 HP
- Above 15 HP
Based on sector, the submersible pumps market has been segmented as follows:
-
Industrial
- Water & Wastewater
- Mining & Construction
- Energy & Power
- Others
- Agricultural
- Domestic
Based on the region, the submersible pumps market has been segmented as follows:
- North America
- Asia Pacific
- South America
- Europe
- Middle East & Africa
Recent Developments
- In November 2020, Sulzer was awarded a contract from Ringkøbing-Skjern Forsyning A/S (a Danish water utility) to provide pumps for a major flood defense project in Denmark. Two new pumping stations have been constructed to mitigate the impact of rising water levels during rain, drainage, and cloudburst water. Sulzer will supply one XFP baseload pump and three VUPX peak load pumps for the Ringkøbing pumping station, together with one XFP baseload pump and four VUPX peak load pumps for the adjacent Skælbækker station.
- In May 2020, Wilo expanded its presence with the establishment of a new headquarter and production facility in Cedarburg, Wisconsin, US. The new headquarters will bring the combined operations of Wilo USA, Weil Pump, Scot Pump, and Wilo Machine Co. to a single production site.
- In April 2020, Pleuger has expanded its presence in Singapore to strengthen its footprint in the Asian market.
- In July 2019, Xylem launched a new product, Flygt N3069 stainless steel submersible pump. It is specifically manufactured for industrial processes containing high chloride or extreme pH levels and helps in corrosion resistance.
- In January 2019, Atlas Copco introduced a wide range of high-quality electric submersible pumps designed specifically for drainage, sludge, and slurry pumping applications. The pumps help in preventing product failure, human errors, sudden loss of voltage, and overheating.
Frequently Asked Questions (FAQ):
What is the current size of the submersible pumps market?
The current market size of global submersible pumps market is billion 11.2 in 2020.
What is the major drivers for submersible pumps market?
Increasing investments in construction industry attributing to rapid urbanization and high demand for submersible pumps in agricultural sector are the key factors driving the growth of the submersible pumps market.
Which is the fastest growing region during the forecasted period in submersible pumps market?
Asia Pacific is the fastest growing region during the forecasted period owing to rapid economic expansion, availability of raw materials and labor at lower prices, and increasing investments in R&D across various industries in the region.
Which is the fastest growing segment, by type during the forecasted period in submersible pumps market?
The electrical segment, by type is the fastest growing segment during the forecasted period owing to its high reliability and efficiency, and as it never has to be primed as it is already submerged in the fluid. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 30)
1.1 STUDY OBJECTIVES
1.2 DEFINITION
1.3 INCLUSIONS & EXCLUSIONS
1.3.1 SUBMERSIBLE PUMPS MARKET, BY SECTOR: INCLUSIONS & EXCLUSIONS
1.4 MARKET SCOPE
1.4.1 MARKET SEGMENTATION
1.4.2 REGIONAL SCOPE
1.5 YEARS CONSIDERED
1.6 CURRENCY
1.7 LIMITATIONS
1.8 STAKEHOLDERS
1.9 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 35)
2.1 RESEARCH DATA
FIGURE 1 SUBMERSIBLE PUMPS MARKET: RESEARCH DESIGN
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 2 DATA TRIANGULATION METHODOLOGY
2.2.1 SECONDARY DATA
2.2.1.1 Key data from secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 Breakdown of primaries
FIGURE 3 PRIMARY BREAKDOWN
2.3 SCOPE
2.4 MARKET SIZE ESTIMATION
2.4.1 BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.4.2 TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.4.3 IDEAL DEMAND SIDE ANALYSIS
2.4.3.1 Assumptions for demand side analysis
2.4.3.2 Demand side calculation
2.4.4 SUPPLY SIDE ANALYSIS
FIGURE 6 MAIN METRICS CONSIDERED IN ASSESSING SUPPLY FOR MARKET
2.4.4.1 Supply side calculation
2.4.4.2 Assumptions
FIGURE 7 MARKET RANKING & INDUSTRY CONCENTRATION, 2019
2.4.5 FORECAST
2.5 PRIMARY INSIGHTS
3 EXECUTIVE SUMMARY (Page No. - 44)
3.1 SCENARIO ANALYSIS
FIGURE 8 SCENARIO ANALYSIS: MARKET, 2018–2025
3.1.1 OPTIMISTIC SCENARIO
3.1.2 REALISTIC SCENARIO
3.1.3 PESSIMISTIC SCENARIO
TABLE 1 SUBMERSIBLE PUMPS MARKET SNAPSHOT
FIGURE 9 ASIA PACIFIC DOMINATED MARKET IN 2019
FIGURE 10 ELECTRICAL SEGMENT TO CONTINUE TO HOLD LARGEST SHARE OF MARKET, BY TYPE, DURING FORECAST PERIOD
FIGURE 11 OPEN PIT SEGMENT TO HOLD LARGEST SHARE OF MARKET, BY APPLICATION, DURING FORECAST PERIOD
FIGURE 12 SINGLE-STAGE SEGMENT TO ACCOUNT FOR LARGER SHARE OF MARKET, BY OPERATION, DURING FORECAST PERIOD
FIGURE 13 5–15 HP SEGMENT TO CONTINUE TO HOLD LARGER SHARE OF MARKET, BY POWER RATING, DURING FORECAST PERIOD
4 PREMIUM INSIGHTS (Page No. - 51)
4.1 ATTRACTIVE OPPORTUNITIES IN SUBMERSIBLE PUMPS MARKET
FIGURE 14 INCREASING INVESTMENTS IN UPGRADATION OF AGEING INDUSTRIAL INFRASTRUCTURE AND RAPID URBANIZATION TO DRIVE GROWTH OF MARKET DURING 2020–2025
4.2 MARKET, BY REGION
FIGURE 15 MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4.3 MARKET IN ASIA PACIFIC, BY SECTOR & COUNTRY
FIGURE 16 INDUSTRIAL SECTOR AND CHINA HELD LARGEST SHARES OF MARKET IN ASIA PACIFIC IN 2019
4.4 MARKET, BY TYPE
FIGURE 17 ELECTRICAL SEGMENT TO CONTINUE TO DOMINATE MARKET, BY TYPE, BY 2025
4.5 MARKET, BY APPLICATION
FIGURE 18 OPEN PIT SEGMENT TO DOMINATE MARKET,BY APPLICATION, BY 2025
4.6 MARKET, BY OPERATION
FIGURE 19 SINGLE-STAGE SEGMENT TO DOMINATE MARKET, BY OPERATION, BY 2025
4.7 MARKET, BY POWER RATING
FIGURE 20 5–15 HP SEGMENT TO HOLD LARGEST SHARE OF MARKET, BY POWER RATING, BY 2025
4.8 MARKET, BY SECTOR
FIGURE 21 INDUSTRIAL SEGMENT TO HOLD LARGEST SHARE OF MARKET, BY SECTOR, BY 2025
5 MARKET OVERVIEW (Page No. - 55)
5.1 INTRODUCTION
5.2 COVID-19 HEALTH ASSESSMENT
FIGURE 22 COVID-19 GLOBAL PROPAGATION
FIGURE 23 COVID-19 PROPAGATION IN SELECTED COUNTRIES
5.3 ROAD TO RECOVERY
FIGURE 24 RECOVERY ROAD FOR 2020
5.4 COVID-19 ECONOMIC ASSESSMENT
FIGURE 25 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020
5.5 MARKET DYNAMICS
FIGURE 26 SUBMERSIBLE PUMPS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.5.1 DRIVERS
5.5.1.1 Increasing investments in construction industry attributed to rapid urbanization
5.5.1.2 High demand for submersible pumps in agricultural sector
5.5.2 RESTRAINTS
5.5.2.1 Motor failure and high troubleshooting cost
FIGURE 27 PUMP LIFE CYCLE COST
5.5.3 OPPORTUNITIES
5.5.3.1 Adoption of solar-powered submersible pumps
5.5.3.2 Upgradation of aging and construction of new water & wastewater treatment facilities
5.5.4 CHALLENGES
5.5.4.1 High competition from local and regional players
5.5.4.2 Impact of COVID-19 on market
5.6 TARIFF AND REGULATORY LANDSCAPE
TABLE 2 CLEAN WATER ACT (CWA): REGULATORY PROGRAMS FOR WASTEWATER TREATMENT
5.7 YC SHIFT
5.7.1 REVENUE SHIFT & NEW REVENUE POCKETS FOR SUBMERSIBLE PUMP MANUFACTURERS
FIGURE 28 REVENUE SHIFT FOR MARKET
5.8 MARKET MAP
FIGURE 29 ADJACENT AND INTERCONNECTED MARKETS
5.9 SUPPLY CHAIN ANALYSIS
FIGURE 30 SUBMERSIBLE PUMPS MARKET SUPPLY CHAIN ANALYSIS
5.9.1 RAW MATERIAL SUPPLIERS
5.9.2 MANUFACTURING
5.9.3 END USERS
5.1 TECHNOLOGY ANALYSIS
5.11 TRADE ANALYSIS
5.11.1 EXPORT DATA ANALYSIS
TABLE 3 EXPORT DATA: CENTRIFUGAL PUMPS, BY VALUE, 2019
5.11.2 IMPORT DATA ANALYSIS
TABLE 4 IMPORT DATA: CENTRIFUGAL PUMPS, BY VALUE, 2019
5.12 AVERAGE SELLING PRICE TREND
TABLE 5 AVERAGE SELLING PRICE FOR SUBMERSIBLE PUMPS
5.13 CASE STUDY ANALYSIS
5.13.1 INSTALLATION OF SUBMERSIBLE PUMPS INCREASED PUMPING EFFICIENCY AT SEPON COPPER MINE
6 IMPACT OF COVID-19 ON MARKET, SCENARIO ANALYSIS, BY REGION (Page No. - 67)
6.1 INTRODUCTION
6.2 OPTIMISTIC SCENARIO
TABLE 6 OPTIMISTIC SCENARIO: MARKET, BY REGION, 2018–2025 (USD MILLION)
6.3 REALISTIC SCENARIO
TABLE 7 REALISTIC SCENARIO: MARKET, BY REGION, 2018–2025 (USD MILLION)
6.4 PESSIMISTIC SCENARIO
TABLE 8 PESSIMISTIC SCENARIO: MARKET, BY REGION, 2018–2025 (USD MILLION)
7 SUBMERSIBLE PUMPS MARKET, BY TYPE (Page No. - 70)
7.1 INTRODUCTION
FIGURE 31 ELECTRICAL SEGMENT DOMINATED MARKET IN 2019
TABLE 9 MARKET, BY TYPE, 2018–2025 (USD MILLION)
7.2 ELECTRICAL
7.2.1 HIGH EFFICIENCY AND ABILITY TO SAVE PUMP’S ENERGY IS FUELING DEMAND FOR ELECTRICAL SUBMERSIBLE PUMPS
TABLE 10 ELECTRICAL: MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 11 ELECTRICAL: MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
7.3 HYDRAULIC
7.3.1 INCREASING DEMAND FOR UNATTENDED OPERATIONS TO BOOST DEMAND FOR HYDRAULIC SUBMERSIBLE PUMPS
TABLE 12 HYDRAULIC: MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 13 HYDRAULIC: MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
7.4 AIR-DRIVEN
7.4.1 GROWING USE OF SUBMERSIBLE PUMPS IN HAZARDOUS & RESTRICTED AREAS
TABLE 14 AIR-DRIVEN: MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 15 AIR-DRIVEN: MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
8 SUBMERSIBLE PUMPS MARKET, BY APPLICATION (Page No. - 75)
8.1 INTRODUCTION
FIGURE 32 OPEN PIT SEGMENT DOMINATED MARKET IN 2019
TABLE 16 MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
8.2 OPEN PIT
8.2.1 HIGH EFFICIENCY AND INCREASING INVESTMENTS IN SEVERAL SECTORS TO DRIVE GROWTH OF OPEN PIT SEGMENT
TABLE 17 OPEN PIT: MARKET, BY REGION,2018–2025 (USD MILLION)
TABLE 18 OPEN PIT: MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 19 OPEN PIT: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 20 OPEN PIT: MARKET, BY USAGE, 2018–2025 (USD MILLION
8.2.2 BY USAGE
8.2.2.1 Sewage
TABLE 21 SEWAGE: OPEN PIT MARKET, BY REGION, 2018–2025 (USD MILLION)
8.2.2.2 Dewatering
TABLE 22 DEWATERING: OPEN PIT MARKET, BY REGION, 2018–2025 (USD MILLION)
8.2.2.3 Transferring/pumping
TABLE 23 TRANSFERRING/PUMPING: OPEN PIT MARKET, BY REGION, 2018–2025 (USD MILLION)
8.3 BOREWELL
8.3.1 INCREASING DEMAND FOR ELECTRICAL SUBMERSIBLE PUMPS
TABLE 24 BOREWELL: MARKET, BY REGION, 2018–2025 (USD MILLION)
TABLE 25 BOREWELL: MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 26 BOREWELL: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
9 SUBMERSIBLE PUMPS MARKET, BY OPERATION (Page No. - 83)
9.1 INTRODUCTION
FIGURE 33 SINGLE-STAGE SEGMENT DOMINATED MARKET IN 2019
TABLE 27 MARKET, BY OPERATION, 2018–2025 (USD MILLION)
9.2 SINGLE-STAGE
9.2.1 INCREASING INVESTMENTS IN SEWAGE TREATMENT TO DRIVE GROWTH OF SEGMENT
TABLE 28 SINGLE-STAGE: MARKET, BY REGION, 2018–2025 (USD MILLION)
9.3 MULTI-STAGE
9.3.1 HIGH PRESSURE RANGES OF MULTI-STAGE PUMPS TO INCREASE THEIR DEMAND
TABLE 29 MULTI-STAGE: MARKET, BY REGION, 2018–2025 (USD MILLION)
10 SUBMERSIBLE PUMPS MARKET, BY POWER RATING (Page No. - 87)
10.1 INTRODUCTION
FIGURE 34 5–15 HP SUBMERSIBLE PUMP DOMINATED MARKET IN 2019
TABLE 30 MARKET, BY POWER RATING, 2018–2025 (USD MILLION)
10.2 BELOW 1 HP
10.2.1 RISE IN DEMAND IN DOMESTIC SECTOR TO EXTRACT UNDERGROUND WATER
TABLE 31 BELOW 1 HP: MARKET, BY REGION, 2018–2025 (USD MILLION)
10.3 1–5 HP
10.3.1 HIGH OPERATING EFFICIENCY TO FUEL DEMAND FOR 1–5 HP SUBMERSIBLE PUMPS
TABLE 32 1–15 HP: MARKET, BY REGION, 2018–2025 (USD MILLION)
10.4 5–15 HP
10.4.1 RESISTANCE TO HIGH VOLTAGE FLUCTUATIONS IS FUELING THEIR DEMAND
TABLE 33 5–15 HP: MARKET, BY REGION, 2018–2025 (USD MILLION)
10.5 ABOVE 15 HP
10.5.1 HIGH EFFICIENCY AND RESISTANT TO CORROSION
TABLE 34 ABOVE 15 HP: MARKET, BY REGION, 2018–2025 (USD MILLION)
11 SUBMERSIBLE PUMPS MARKET, BY SECTOR (Page No. - 92)
11.1 INTRODUCTION
FIGURE 35 INDUSTRIAL SECTOR DOMINATED MARKET IN 2019
TABLE 35 MARKET, BY SECTOR, 2018–2025 (USD MILLION)
11.2 INDUSTRIAL
11.2.1 INCREASING INVESTMENTS TO BOOST PRODUCTIVITY
TABLE 36 INDUSTRIAL: MARKET, BY REGION,2018–2025 (USD MILLION)
TABLE 37 INDUSTRIAL: MARKET, BY INDUSTRY, 2018–2025 (USD MILLION)
11.2.1.1 Water & wastewater
TABLE 38 WATER & WASTEWATER: MARKET, BY REGION, 2018–2025 (USD MILLION)
11.2.1.2 Mining & construction
TABLE 39 MINING & CONSTRUCTION: MARKET, BY REGION, 2018–2025 (USD MILLION)
11.2.1.3 Energy & Power
TABLE 40 ENERGY & POWER: MARKET, BY REGION, 2018–2025 (USD MILLION)
11.2.1.4 Others
TABLE 41 OTHER: MARKET, BY REGION, 2018–2025 (USD MILLION)
11.3 AGRICULTURAL
11.3.1 GROWTH IN AGRICULTURAL PRODUCTION TO BOOST DEMAND FOR SUBMERSIBLE PUMPS
TABLE 42 AGRICULTURE: MARKET, BY REGION, 2018–2025 (USD MILLION)
11.4 DOMESTIC
11.4.1 INCREASING DEMAND FOR GROUNDWATER EXTRACTION
TABLE 43 DOMESTIC: MARKET, BY REGION, 2018–2025 (USD MILLION)
12 SUBMERSIBLE PUMPS MARKET, BY REGION (Page No. - 99)
12.1 INTRODUCTION
FIGURE 36 ASIA PACIFIC MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 37 ASIA PACIFIC DOMINATED MARKET IN 2019
TABLE 44 MARKET, BY REGION, 2018–2025 (USD MILLION)
12.2 ASIA PACIFIC
FIGURE 38 SNAPSHOT OF ASIA PACIFIC MARKET
12.2.1 BY TYPE
TABLE 45 ASIA PACIFIC: MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.2.1.1 Type, by application
TABLE 46 ASIA PACIFIC: ELECTRICAL MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 47 ASIA PACIFIC: HYDRAULIC MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 48 ASIA PACIFIC: AIR-DRIVEN MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.2.2 APPLICATION
TABLE 49 ASIA PACIFIC: MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.2.2.1 Application, by type
TABLE 50 ASIA PACIFIC: OPEN PIT MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 51 ASIA PACIFIC: BOREWELL MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.2.2.2 Open pit, by usage
TABLE 52 ASIA PACIFIC: OPEN PIT MARKET, BY USAGE, 2018–2025 (USD MILLION)
12.2.2.3 Application, by sector
TABLE 53 ASIA PACIFIC: OPEN PIT MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 54 ASIA PACIFIC: BOREWELL MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.2.3 BY SECTOR
TABLE 55 ASIA PACIFIC: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 56 ASIA PACIFIC: MARKET, BY INDUSTRY, 2018–2025 (USD MILLION)
12.2.4 BY OPERATION
TABLE 57 ASIA PACIFIC: MARKET, BY OPERATION, 2018–2025 (USD MILLION)
12.2.5 BY POWER RATING
TABLE 58 ASIA PACIFIC: MARKET, BY POWER RATING, 2018–2025 (USD MILLION)
12.2.6 BY COUNTRY
TABLE 59 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
12.2.6.1 China
12.2.6.1.1 Investments to increase power generation capacities driving market
12.2.6.1.2 By sector
TABLE 60 CHINA: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.2.6.2 India
12.2.6.2.1 Growth in industrialization along with government support policies to drive demand
12.2.6.2.2 By sector
TABLE 61 INDIA: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.2.6.3 Japan
12.2.6.3.1 Adoption of modern technologies to boost productivity likely to drive market demand
12.2.6.3.2 By sector
TABLE 62 JAPAN: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.2.6.4 Australia
12.2.6.4.1 Growth in water & wastewater treatment plants and agricultural productivity contributes toward market growth
12.2.6.4.2 By sector
TABLE 63 AUSTRALIA: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.2.6.5 Indonesia
12.2.6.5.1 Growth in water & wastewater treatment plants and agricultural productivity contributes toward market growth
12.2.6.5.2 By sector
TABLE 64 INDONESIA: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.2.6.6 Rest of Asia Pacific
12.2.6.6.1 By sector
TABLE 65 REST OF ASIA PACIFIC: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.3 NORTH AMERICA
FIGURE 39 SNAPSHOT OF NORTH AMERICA MARKET
12.3.1 BY TYPE
TABLE 66 NORTH AMERICA: MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.3.1.1 Type, by application
TABLE 67 NORTH AMERICA: ELECTRICAL MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 68 NORTH AMERICA: HYDRAULIC MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 69 NORTH AMERICA: AIR-DRIVEN MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.3.2 BY APPLICATION
TABLE 70 NORTH AMERICA: MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.3.2.1 Application, by type
TABLE 71 NORTH AMERICA: OPEN PIT MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 72 NORTH AMERICA: BOREWELL MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.3.2.2 Open pit, by usage
TABLE 73 NORTH AMERICA: OPEN PIT MARKET, BY USAGE, 2018–2025 (USD MILLION)
12.3.2.3 Application, by sector
TABLE 74 NORTH AMERICA: OPEN PIT MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 75 NORTH AMERICA: BOREWELL MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.3.3 BY SECTOR
TABLE 76 NORTH AMERICA: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 77 NORTH AMERICA: MARKET, BY INDUSTRY,2018–2025 (USD MILLION)
12.3.4 BY OPERATION
TABLE 78 NORTH AMERICA: MARKET, BY OPERATION, 2018–2025 (USD MILLION)
12.3.5 BY POWER RATING
TABLE 79 NORTH AMERICA: MARKET, BY POWER RATING, 2018–2025 (USD MILLION)
12.3.6 BY COUNTRY
TABLE 80 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
12.3.6.1 US
12.3.6.1.1 Modernization of aging industrial infrastructure to fuel demand for submersible pumps
12.3.6.1.2 By sector
TABLE 81 US: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.3.6.2 Canada
12.3.6.2.1 Strong presence of water & wastewater treatment facilities and mining industry drives demand
12.3.6.2.2 By sector
TABLE 82 CANADA: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.3.6.3 Mexico
12.3.6.3.1 Growing industrialization boosting market
12.3.6.3.2 By sector
TABLE 83 MEXICO: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.4 EUROPE
12.4.1 BY TYPE
TABLE 84 EUROPE: MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.4.1.1 Type, by application
TABLE 85 EUROPE: ELECTRICAL MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 86 EUROPE: HYDRAULIC MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 87 EUROPE: AIR-DRIVEN MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.4.2 BY APPLICATION
TABLE 88 EUROPE: MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.4.2.1 Application, by type
TABLE 89 EUROPE: OPEN PIT MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 90 EUROPE: BOREWELL MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.4.2.2 Open pit, by usage
TABLE 91 EUROPE: OPEN PIT MARKET, BY USAGE, 2018–2025 (USD MILLION)
12.4.2.3 Application, by sector
TABLE 92 EUROPE: OPEN PIT MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 93 EUROPE: BOREWELL MARKET, BY SECTOR,2018–2025 (USD MILLION)
12.4.3 BY SECTOR
TABLE 94 EUROPE: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 95 EUROPE: MARKET, BY INDUSTRY, 2018–2025 (USD MILLION)
12.4.4 BY OPERATION
TABLE 96 EUROPE: MARKET, BY OPERATION, 2018–2025 (USD MILLION)
12.4.5 BY POWER RATING
TABLE 97 EUROPE: MARKET, BY POWER RATING, 2018–2025 (USD MILLION)
12.4.6 BY COUNTRY
TABLE 98 EUROPE: MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
12.4.6.1 UK
12.4.6.1.1 Rising adoption of submersible pumps in industrial sector boost market growth
12.4.6.1.2 By sector
TABLE 99 UK: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.4.6.2 Germany
12.4.6.2.1 Growth in industrial sector due to strong R&D to drive market
12.4.6.2.2 By sector
TABLE 100 GERMANY: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.4.6.3 France
12.4.6.3.1 Increasing adoption of advanced technologies to boost productivity drives market demand
12.4.6.3.2 By sector
TABLE 101 FRANCE: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.4.6.4 Italy
12.4.6.4.1 Focus on innovative technologies primarily in water & wastewater treatment plants to drive demand
12.4.6.4.2 By sector
TABLE 102 ITALY: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.4.6.5 Netherlands
12.4.6.5.1 Infrastructural development for water & wastewater treatment facility to drive demand
12.4.6.5.2 By sector
TABLE 103 NETHERLANDS: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.4.6.6 Spain
12.4.6.6.1 Most territories experience dry climate, driving demand for submersible pumps
12.4.6.6.2 By sector
TABLE 104 SPAIN: MARKET, BY SECTOR,2018–2025 (USD MILLION)
12.4.6.7 Rest of Europe
12.4.6.7.1 By sector
TABLE 105 REST OF EUROPE: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.5 MIDDLE EAST & AFRICA
12.5.1 BY TYPE
TABLE 106 MIDDLE EAST & AFRICA: MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.5.1.1 Type, by application
TABLE 107 MIDDLE EAST & AFRICA: ELECTRICAL MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 108 MIDDLE EAST & AFRICA: HYDRAULIC MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 109 MIDDLE EAST & AFRICA: AIR-DRIVEN MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.5.2 BY APPLICATION
TABLE 110 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.5.2.1 Application, by type
TABLE 111 MIDDLE EAST & AFRICA: OPEN PIT MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 112 MIDDLE EAST & AFRICA: BOREWELL MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.5.2.2 Open pit, by usage
TABLE 113 MIDDLE EAST & AFRICA: OPEN PIT MARKET, BY USAGE, 2018–2025 (USD MILLION)
12.5.2.3 Application, by sector
TABLE 114 MIDDLE EAST & AFRICA: OPEN PIT MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 115 MIDDLE EAST & AFRICA: BOREWELL MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.5.3 BY SECTOR
TABLE 116 MIDDLE EAST & AFRICA: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 117 MIDDLE EAST & AFRICA: MARKET, BY INDUSTRY, 2018–2025 (USD MILLION)
12.5.4 BY OPERATION
TABLE 118 MIDDLE EAST & AFRICA: MARKET, BY OPERATION, 2018–2025 (USD MILLION)
12.5.5 BY POWER RATING
TABLE 119 MIDDLE EAST & AFRICA: MARKET, BY POWER RATING, 2018–2025 (USD MILLION)
12.5.6 BY COUNTRY
TABLE 120 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
12.5.6.1 Angola
12.5.6.1.1 Rise in exploration & activities to propel demand
12.5.6.1.2 By sector
TABLE 121 ANGOLA: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.5.6.2 Saudi Arabia
12.5.6.2.1 Government initiatives to meet rising power demand driving market
12.5.6.2.2 By sector
TABLE 122 SAUDI ARABIA: MARKET, BY SECTOR,2018–2025 (USD MILLION)
12.5.6.3 South Africa
12.5.6.3.1 Rapid industrialization and increasing power generation capacity drives market demand
12.5.6.3.2 By sector
TABLE 123 SOUTH AFRICA: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.5.6.4 UAE
12.5.6.4.1 Increasing investments in construction & water & wastewater industry to drive market
12.5.6.4.2 By sector
TABLE 124 UAE: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.5.6.5 Kuwait
12.5.6.5.1 Increasing investments in water & wastewater industry and oil & gas production to drive market
12.5.6.5.2 By sector
TABLE 125 KUWAIT: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.5.6.6 Qatar
12.5.6.6.1 Increasing investments in power sector to meet rising demand
12.5.6.6.2 By sector
TABLE 126 QATAR: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.5.6.7 Rest of Middle East & Africa
12.5.6.7.1 By sector
TABLE 127 REST OF MIDDLE EAST & AFRICA: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.6 SOUTH AMERICA
12.6.1 BY TYPE
TABLE 128 SOUTH AMERICA: MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.6.1.1 Type, by application
TABLE 129 SOUTH AMERICA: ELECTRICAL MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 130 SOUTH AMERICA: HYDRAULIC MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
TABLE 131 SOUTH AMERICA: AIR-DRIVEN MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.6.2 BY APPLICATION
TABLE 132 SOUTH AMERICA: MARKET, BY APPLICATION, 2018–2025 (USD MILLION)
12.6.2.1 Application, by type
TABLE 133 SOUTH AMERICA: OPEN PIT MARKET, BY TYPE, 2018–2025 (USD MILLION)
TABLE 134 SOUTH AMERICA: BOREWELL MARKET, BY TYPE, 2018–2025 (USD MILLION)
12.6.2.2 Open pit, by usage
TABLE 135 SOUTH AMERICA: OPEN PIT MARKET, BY USAGE, 2018–2025 (USD MILLION)
12.6.2.3 Application, by sector
TABLE 136 SOUTH AMERICA: OPEN PIT MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 137 SOUTH AMERICA: BOREWELL MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.6.3 BY SECTOR
TABLE 138 SOUTH AMERICA: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
TABLE 139 SOUTH AMERICA: MARKET, BY INDUSTRY,2018–2025 (USD MILLION)
12.6.4 BY OPERATION
TABLE 140 SOUTH AMERICA: MARKET, BY OPERATION, 2018–2025 (USD MILLION)
12.6.5 BY POWER RATING
TABLE 141 SOUTH AMERICA: MARKET, BY POWER RATING, 2018–2025 (USD MILLION)
12.6.6 BY COUNTRY
TABLE 142 SOUTH AMERICA: MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
12.6.6.1 Brazil
12.6.6.1.1 Technological advancements and strong economic growth promote market growth
12.6.6.1.2 By sector
TABLE 143 BRAZIL: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.6.6.2 Argentina
12.6.6.2.1 Increasing investments and rise in government support incentives to promote industrialization
12.6.6.2.2 By sector
TABLE 144 ARGENTINA: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.6.6.3 Venezuela
12.6.6.3.1 Growth in energy sector to propel demand
12.6.6.3.2 By sector
TABLE 145 VENEZUELA: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
12.6.6.4 Rest of South America
TABLE 146 REST OF SOUTH AMERICA: MARKET, BY SECTOR, 2018–2025 (USD MILLION)
13 COMPETITIVE LANDSCAPE (Page No. - 156)
13.1 OVERVIEW
FIGURE 40 KEY DEVELOPMENTS IN GLOBAL MARKET, 2016–NOVEMBER 2020
13.2 MARKET EVALUATION FRAMEWORK
FIGURE 41 MARKET EVALUATION FRAMEWORK: CONTRACTS & AGREEMENTS WERE MAJOR GROWTH STRATEGIES BY COMPANIES FROM 2017 TO 2020
13.3 COMPETITIVE SCENARIO
TABLE 147 DEVELOPMENTS OF KEY PLAYERS IN MARKET, 2016–2020
13.4 INDUSTRY CONCENTRATION, 2019
FIGURE 42 INDUSTRY CONCENTRATION, 2019
13.4.1 CONTRACTS & AGREEMENTS
13.4.2 INVESTMENTS & EXPANSION
13.4.3 NEW PRODUCT LAUNCHES
13.4.4 MERGERS & ACQUISITIONS
13.4.5 PARTNERSHIPS, COLLABORATIONS, JOINT VENTURE, AND INVESTMENTS & EXPANSIONS
13.5 COMPANY EVALUATION MATRIX TO DEFINITIONS AND METHODOLOGY
13.5.1 STAR
13.5.2 EMERGING LEADER
13.5.3 PERVASIVE
13.5.4 EMERGING COMPANY
13.6 COMPANY EVALUATION MATRIX, 2019
FIGURE 43 MARKET (GLOBAL): COMPETITIVE LEADERSHIP MAPPING (2019)
14 COMPANY PROFILES (Page No. - 164)
(Business and Financial Overview, Products Offered, Recent Developments, and MnM View (Key Strategies/Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats))*
14.1 XYLEM
FIGURE 44 XYLEM: COMPANY SNAPSHOT
14.2 SULZER
FIGURE 45 SULZER: COMPANY SNAPSHOT
14.3 KSB
FIGURE 46 KSB: COMPANY SNAPSHOT
14.4 GRUNDFOS
FIGURE 47 GRUNDFOS: COMPANY SNAPSHOT
14.5 ATLAS COPCO
FIGURE 48 ATLAS COPCO: COMPANY SNAPSHOT
14.6 FLOWSERVE
FIGURE 49 FLOWSERVE: COMPANY SNAPSHOT
14.7 WILO
FIGURE 50 WILO: COMPANY SNAPSHOT
14.8 TSURUMI MANUFACTURING
14.9 HOMA
14.10 LEO
14.11 VANSAN
14.12 SAER ELETTROPOMPE
14.13 PLEUGER
14.14 C.R.I. PUMPS
14.15 BJM PUMPS
14.16 MODY PUMPS
14.17 HCP PUMP
14.18 SPT PUMPEN
14.19 GRINDEX
14.20 PRORIL
14.21 EBARA CORPORATION
*Details on Business and Financial Overview, Products Offered, Recent Developments, and MnM View (Key Strategies/Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
15 APPENDIX (Page No. - 202)
15.1 INSIGHTS OF INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 AVAILABLE CUSTOMIZATIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
This study involved four major activities in estimating the current size of the submersibale pumps market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to estimate the market size of the segments and sub-segments.
Secondary Research
This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global submersible pumps market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research
The submersible pumps market comprises several stakeholders, such as product manufacturers, service providers, distributors, and end-users in the supply chain. The demand-side of this market is characterized by its end-user, such as, various industries, the agricultural sector, and others. The supply-side is characterized by submersible pump OEMS, raw material providers, distributors, service providers, and others. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the size of the global submersible pumps market and its dependent submarkets. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and market have been identified through extensive secondary research, and their market share in the respective regions have been determined through both primary and secondary research.
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the submersible pumps market ecosystem.
Report Objectives
- To define and describe the submersible pumps market, based on type, application, operation, power rating, and sector
- To provide detailed information on the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To strategically analyze the market with respect to individual growth trends, prospects, and contributions of each segment to the market
- To analyze market opportunities for stakeholders and provide a detailed competitive landscape for market leaders
- To forecast the revenue of the market segments with respect to five main regions (along with countries), namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa
- To strategically profile key players and comprehensively analyze their market ranking and core competencies
- To track and analyze competitive developments, such as new product developments, contracts & agreements, investments & expansion, and mergers & acquisitions, in the submersible pumps market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:
Company Information
- Detailed analyses and profiling of additional market players (up to 5)
- Product Matrix, which provides a detailed comparison of the product portfolio of each company
Growth opportunities and latent adjacency in Submersible Pumps Market