Submersible Pump Trends and Forecast
The future of the global submersible pump market looks promising with opportunities in the open pit and borewell markets. The global submersible pump market is expected to reach an estimated $30.2 billion by 2030 with a CAGR of 8.1% from 2024 to 2030. The major drivers for this market are growing investments in construction industry attributed to rapid urbanization, increasing construction of new water and wastewater facilities, and huge demand for submersible pumps in agricultural sector.Submersible Pump by Segment
The study includes a forecast for the global submersible pump by type, operation, power rating, application, and region.Submersible Pump Market by Type [Shipment Analysis by Value from 2018 to 2030]
- Electrical
- Hydraulic
- Air-Driven
Submersible Pump Market by Operation [Shipment Analysis by Value from 2018 to 2030]
- Single-Stage
- Multi-Stage
Submersible Pump Market by Power rating [Shipment Analysis by Value from 2018 to 2030]
- Below 1 HP
- 1-5 HP
- 5-15 HP
- Above 15 HP
Submersible Pump Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Open Pit
- Borewell
Submersible Pump Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Submersible Pump Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies submersible pump companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the submersible pump companies profiled in this report include-- Xylem
- Sulzer
- Grundfos Holding
- Atlas
- Flowserve
Submersible Pump Market Insights
The publisher forecasts that electrical pump will remain the largest segment over the forecast period as these pumps can hold both solids & liquids and are used across numerous sectors to boost production.Within this market, open pit will remain the larger segment as it can work directly under various submerged conditions.
APAC will remain the largest region over the forecast period due to rapid urbanization and the availability of raw materials and labor at lower prices in the region.
Features of the Global Submersible Pump Market
- Market Size Estimates: Submersible pump market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Submersible pump market size by various segments, such as by type, operation, power rating, application, and region in terms of value ($B).
- Regional Analysis: Submersible pump market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different types, operations, power rating, applications, and regions for the submersible pump market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the submersible pump market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the submersible pump market size?Answer: The global submersible pump market is expected to reach an estimated $30.2 billion by 2030.
Q2. What is the growth forecast for submersible pump market?
Answer: The global submersible pump market is expected to grow with a CAGR of 8.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the submersible pump market?
Answer: The major drivers for this market are growing investments in construction industry attributed to rapid urbanization, increasing construction of new water and wastewater facilities, and huge demand for submersible pumps in agricultural sector.
Q4. What are the major segments for submersible pump market?
Answer: The future of the submersible pump market looks promising with opportunities in the open pit and borewell markets.
Q5. Who are the key submersible pump market companies?
Answer: Some of the key submersible pump companies are as follows:
- Xylem
- Sulzer
- Grundfos Holding
- Atlas
- Flowserve
Answer: The publisher forecasts that electrical pump will remain the largest segment over the forecast period as these pumps can hold both solids & liquids and are used across numerous sectors to boost production.
Q7. In submersible pump market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rapid urbanization and the availability of raw materials and labor at lower prices in the region.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the submersible pump market by type (electrical, hydraulic, and air-driven), operation (single-stage and multi-stage), power rating (below 1 hp, 1-5 hp, 5-15 hp, and above 15 hp), application (open pit and borewell), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Submersible Pump Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Xylem
- Sulzer
- Grundfos Holding
- Atlas
- Flowserve
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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