Submersible Pumps Market Report 2021 - Global Forecast to 2026: Water & Wastewater, Mining & Construction, Pulp & Paper, Energy & Power, Food & Beverages, Chemicals & Pharmaceuticals - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 5, 2021--
The “Submersible Pumps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.
The global submersible pumps market is expected to exhibit moderate growth during 2021-2026. Looking forward, the global submersible pumps market to grow at a CAGR of around 4% during the forecast period (2021-2026).
A submersible pump is a mechanical device that is completely submerged to pump fluids to the surface. It consists of an end-suction pump with a submersible motor, which is covered with a water-cooled jacket to provide cooling and circulate the fluid around the motor. Bladder, grinder, well, borehole, fountain and utility pumps are some of the most commonly available types of submersible pumps. These pumps are highly energy-efficient and are extensively utilized for irrigation, water treatment and oil extraction.
The continually rising demand for oil and gas from industrial, transportation and residential sectors is one of the major factors driving the market growth. Owing to a substantial decline in the availability of oil reserves across the globe, there has been a widespread adoption of submersible pumps to conduct extraction activities in deep-sea reserves.
Furthermore, the growing demand for efficient wastewater and sewage management systems is also providing a boost to the market growth. Resulting from industrial developments and increasing environmental concerns, governments of both the developed and emerging nations are implementing policies to recycle wastewater, manage sewage and provide safe drinking water.
Additionally, the increasing usage of the Internet of Things (IoT) for in-depth monitoring, data capturing, and remote access are impacting the market positively.
Other factors, including increasing mining activities, along with advancements in pump and motor designs resulting in lightweight product variants with enhanced operational efficiencies, are also projected to drive the market further.
The competitive landscape of the industry has also been examined with some of the top submersible pumps companies are being
- Atlas Copco
- Flowserve Corporation
- Grundfos Holding A/S
- ITT Gould’s Pumps Inc.
- Kirloskar Brothers Limited
- KSB Aktiengesellschaft
- Sulzer AG
- Weir Group Plc.
- Wilo SE
- Xylem Inc
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Submersible Pump Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Open Well
7 Market Breakup by Operation
7.1 Single Stage
8 Market Breakup by Power Rating
9 Market Breakup by Application
9.1 Water & Wastewater
9.2 Mining & Construction
9.3 Pulp & Paper
9.4 Energy & Power
9.5 Food & Beverages
9.6 Chemicals & Pharmaceuticals
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
12.2 Inbound Logistics
12.4 Outbound Logistics
12.5 Marketing and Sales
13 Porters Five Forces Analysis
14 Price Indicators
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/hu0cx7
View source version on businesswire.com:https://www.businesswire.com/news/home/20210705005144/en/
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INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING ENVIRONMENT OTHER TECHNOLOGY TECHNOLOGY
SOURCE: Research and Markets
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PUB: 07/05/2021 08:02 AM/DISC: 07/05/2021 08:02 AM