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The submersible pump market is forecasted to grow by USD 5.75 billion during 2023-2028, accelerating at a CAGR of 4.54% during the forecast period. The report on the submersible pump market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rapid growth in the construction sector, increased demand for wastewater treatment, and growth in shale oil production.
The submersible pump market is segmented as below:
By Type
- Electric
- Hydraulic
- Air-driven
By Application
- Borewell
- Openwell
By Geography
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the growing adoption of IoT in the oil and gas industry as one of the prime reasons driving the submersible pump market growth during the next few years. Also, development of renewable energy-powered submersible pumps and use in artificial lifting solutions will lead to sizable demand in the market.
The report on the submersible pump market covers the following areas:
- Submersible pump market sizing
- Submersible pump market forecast
- Submersible pump market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading submersible pump market vendors that include Atlas Copco AB, Dharani Pumps and Motors, Dover Corp., Ebara Corp., Havells India Ltd., Kirloskar Brothers Ltd., KSB SE and Co. KGaA, Kubota Corp., Oswal Pumps Ltd., Poul Due Jensens Fond, Samudra Pumps India Pvt. Ltd., Shakti Pumps India Ltd., Shimge Pump Industry Group Co. Ltd., Sulzer Ltd., The Gorman Rupp Co., The Weir Group Plc, Tsurumi Manufacturing Co. Ltd., Wacker Neuson SE, Xylem Inc., and Zhejiang Doyin Technology Co. Ltd. Also, the submersible pump market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
Executive Summary
The following companies are recognized as the key players in the global submersible pump market: Atlas Copco AB, Dharani Pumps and Motors, Dover Corp., Ebara Corp., Havells India Ltd., Kirloskar Brothers Ltd., KSB SE and Co. KGaA, Kubota Corp., Oswal Pumps Ltd., Poul Due Jensens Fond, Samudra Pumps India Pvt. Ltd., Shakti Pumps India Ltd., Shimge Pump Industry Group Co. Ltd., Sulzer Ltd., The Gorman Rupp Co., The Weir Group Plc, Tsurumi Manufacturing Co. Ltd., Wacker Neuson SE, Xylem Inc., and Zhejiang Doyin Technology Co. Ltd..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growing adoption of iot in the oil and gas industry."
According to the report, one of the major drivers for this market is the rapid growth in the construction sector.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Atlas Copco AB
- Dharani Pumps and Motors
- Dover Corp.
- Ebara Corp.
- Havells India Ltd.
- Kirloskar Brothers Ltd.
- KSB SE and Co. KGaA
- Kubota Corp.
- Oswal Pumps Ltd.
- Poul Due Jensens Fond
- Samudra Pumps India Pvt. Ltd.
- Shakti Pumps India Ltd.
- Shimge Pump Industry Group Co. Ltd.
- Sulzer Ltd.
- The Gorman Rupp Co.
- The Weir Group Plc
- Tsurumi Manufacturing Co. Ltd.
- Wacker Neuson SE
- Xylem Inc.
- Zhejiang Doyin Technology Co. Ltd.
