North America Submersible Pump Market
Segments - by Types (Open-well Submersible Pumps, Borewell Submersible Pumps, and Non-clog Submersible Pumps), Drive Types (Hydraulics, Electric, and Others), Capacity (Low, Medium, and High), End-Users (Mining and Construction Industry, Oil and Gas Industry, Water and Wastewater, and Others), Geography (Canada, United States, and the Rest of North America) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The North America submersible pump market size is expected to register a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the stringent guidelines for wastewater treatment throughout sectors, as well as recoveries in the mining and oil and gas industries are pushing the market.
Submersible pumps are pumps that are immersed in the fluid to be pumped. It is also known as an electric submersible pump. Pumps that are immersed in the fluid to be pumped are known as submersible pumps. When opposed to normal submersible pumps, submersible pumps provide several advantages, such as the avoidance of cavitation.
Pumps of these types are mostly used in situations where the fluid level or water is below the ground surface. These pumps transfer rotational energy into kinetic energy, which is then converted into mechanical energy to propel water to the surface.
Market Trends, Drivers, Restraints, and Opportunities
- Constructions industry expansion and a rise in the industrial base are estimated to boost the market growth during the forecast period.
- Rapid urbanization has resulted in increased expenditures in the construction industry is a key factor spurring the market expansion in the coming years.
- High operational and maintenance expenses, as well as oil and gas price fluctuations, are projected to restrict the market growth.
- Low replacing rate of submersible pumps owing to the product's extended life possesses a major factor that can impede the market expansion in the coming years.
- New technological advancements, together with current infrastructure and the need for energy-efficient pumps are expected to create lucrative opportunities for the market players.
Scope of the Report
The report on the North America submersible pump market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
North America Submersible Pump Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Types (Open-well Submersible Pumps, Borewell Submersible Pumps, and Non-clog Submersible Pumps), Drive Types (Hydraulics, Electric, and Others), Capacity (Low, Medium, and High), and End-Users (Mining and Construction Industry, Oil and Gas Industry, Water and Wastewater, and Others) |
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Geography |
Canada, United States, and the Rest of North America |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
ITT Goulds Pumps Inc; Borets International Ltd; EBARA CORPORATION; Flowserve Corp; Gorman-Rupp Co; Sulzer AG; Weir Group PLC; Halliburton Company; Schlumberger Limited.; and Baker Hughes Company |
Market Segment Insights
Borewell submersible pumps segment is projected to account for a large market share
Based on types, the North America submersible pump market is divided into open-well submersible pumps, borewell submersible pumps, and non-clog submersible pumps. The borewell submersible pumps, segment is expected to register at a considerable pace in the market during the forecast period due to the availability of continual water for agriculture, as well as the ease of installation in private, residential, and industrial applications, are all factors that contribute to the acceptance of these products.
Electric segment is expected to expand at a significant pace
On the basis of drive types, the market is segmented into hydraulics, electric, and others. The electric segment is expected to constitute a key share of the market in the coming years owing to its growing preferences, which can be ascribed to its great dependability and effectiveness, as well as the fact that it never needs to be fueled as it is already immersed in the fluid. Electrical submersible pumps (ESPs), are extensively employed to transport fluids.
High segment is anticipated to register at a substantial CAGR
In terms of capacity, the North America submersible pump market is segregated into low, medium, and high. The high segment is expected to account for a key share of the market during the forecast period due to lifting heavy materials and have high abrasion resistance, allowing them to work well in difficult situations such as mining and oil and gas.
Oil and gas industry segment is projected to represent a major market share
Based on end-users, the market is divided into the mining and construction industry, oil and gas industry, water and wastewater, and others. The oil and gas industry segment is expected to represent a key share of the market in the coming years owing to rising upstream operations, well productivity, and exploitation of shale reserves. Submersible pumps are used to shift spent drilling mud in and out of the reserves pit, allowing for increased oil and gas production. Submersible progressive cavity pumps (PCP) are broadly applied in the oil & gas sector as they are regarded as the correct method of artificial lift for pumping oil with high sand concentration.
United States is expected to dominate the market
On the basis of , the North America submersible pump market is classified as Canada, United States, and the Rest of North America. The United States is anticipated to dominate the market at an impressive CAGR during the forecast period. The country’s market growth can be attributed to the oil and gas industry, water and wastewater industry, farming, mining, and other industries are increasing. During the projected period, the rise of water supply and wastewater infrastructures is anticipated to benefit the submersible pump market, due to massive expenditures in oil and gas projects during the forecast period, the US oil and gas sector is delivering a major boost to the submersible pump market.
Segments
Segments Covered in the Report
The North America submersible pump market has been segmented based on
Types
- Open-well Submersible Pumps
- Borewell Submersible Pumps
- Non-clog Submersible Pumps
Drive Types
- Hydraulics
- Electric
- Others
Capacity
- Low
- Medium
- High
End-Users
- Mining and Construction Industry
- Oil and Gas Industry
- Water and Wastewater
- Others
Geography
- Canada
- United States
- the Rest of North America
Key Players
- ITT Goulds Pumps Inc
- Borets International Ltd
- EBARA CORPORATION
- Flowserve Corp
- Gorman-Rupp Co
- Sulzer AG
- Weir Group PLC
- Halliburton Company
- Schlumberger Limited.
- Baker Hughes Company
Competitive Landscape
Key players competing in the market include ITT Goulds Pumps Inc; Borets International Ltd; EBARA CORPORATION; Flowserve Corp; Gorman-Rupp Co; Sulzer AG; Weir Group PLC; Halliburton Company; Schlumberger Limited.; and Baker Hughes Company. Some of these players are adopting several market strategies including acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to increase their market shares.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Submersible Pump Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Submersible Pump Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Submersible Pump Market - Supply Chain
4.5. Global Submersible Pump Market Forecast
4.5.1. Submersible Pump Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Submersible Pump Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Submersible Pump Market Absolute $ Opportunity
5. Global Submersible Pump Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Submersible Pump Market Size and Volume Forecast by Types
5.3.1. Open-well Submersible Pumps
5.3.2. Borewell Submersible Pumps
5.3.3. Non-clog Submersible Pumps
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Submersible Pump Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Submersible Pump Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Submersible Pump Demand Share Forecast, 2019-2026
7. North America Submersible Pump Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Submersible Pump Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Submersible Pump Market Size and Volume Forecast by Types
7.4.1. Open-well Submersible Pumps
7.4.2. Borewell Submersible Pumps
7.4.3. Non-clog Submersible Pumps
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Submersible Pump Demand Share Forecast, 2019-2026
8. Latin America Submersible Pump Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Submersible Pump Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Submersible Pump Market Size and Volume Forecast by Types
8.4.1. Open-well Submersible Pumps
8.4.2. Borewell Submersible Pumps
8.4.3. Non-clog Submersible Pumps
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Submersible Pump Demand Share Forecast, 2019-2026
9. Europe Submersible Pump Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Submersible Pump Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Submersible Pump Market Size and Volume Forecast by Types
9.4.1. Open-well Submersible Pumps
9.4.2. Borewell Submersible Pumps
9.4.3. Non-clog Submersible Pumps
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Submersible Pump Demand Share Forecast, 2019-2026
10. Asia Pacific Submersible Pump Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Submersible Pump Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Submersible Pump Market Size and Volume Forecast by Types
10.4.1. Open-well Submersible Pumps
10.4.2. Borewell Submersible Pumps
10.4.3. Non-clog Submersible Pumps
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Submersible Pump Demand Share Forecast, 2019-2026
11. Middle East & Africa Submersible Pump Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Submersible Pump Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Submersible Pump Market Size and Volume Forecast by Types
11.4.1. Open-well Submersible Pumps
11.4.2. Borewell Submersible Pumps
11.4.3. Non-clog Submersible Pumps
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Submersible Pump Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Submersible Pump Market: Market Share Analysis
12.2. Submersible Pump Distributors and Customers
12.3. Submersible Pump Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. ITT Goulds Pumps Inc
12.4.2. Borets International Ltd
12.4.3. EBARA CORPORATION
12.4.4. Flowserve Corp
12.4.5. Gorman-Rupp Co
12.4.6. Sulzer AG
2. Assumptions and Acronyms Used
3. Research Methodology
4. Submersible Pump Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Submersible Pump Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Submersible Pump Market - Supply Chain
4.5. Global Submersible Pump Market Forecast
4.5.1. Submersible Pump Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Submersible Pump Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Submersible Pump Market Absolute $ Opportunity
5. Global Submersible Pump Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Submersible Pump Market Size and Volume Forecast by Types
5.3.1. Open-well Submersible Pumps
5.3.2. Borewell Submersible Pumps
5.3.3. Non-clog Submersible Pumps
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Submersible Pump Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Submersible Pump Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Submersible Pump Demand Share Forecast, 2019-2026
7. North America Submersible Pump Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Submersible Pump Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Submersible Pump Market Size and Volume Forecast by Types
7.4.1. Open-well Submersible Pumps
7.4.2. Borewell Submersible Pumps
7.4.3. Non-clog Submersible Pumps
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Submersible Pump Demand Share Forecast, 2019-2026
8. Latin America Submersible Pump Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Submersible Pump Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Submersible Pump Market Size and Volume Forecast by Types
8.4.1. Open-well Submersible Pumps
8.4.2. Borewell Submersible Pumps
8.4.3. Non-clog Submersible Pumps
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Submersible Pump Demand Share Forecast, 2019-2026
9. Europe Submersible Pump Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Submersible Pump Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Submersible Pump Market Size and Volume Forecast by Types
9.4.1. Open-well Submersible Pumps
9.4.2. Borewell Submersible Pumps
9.4.3. Non-clog Submersible Pumps
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Submersible Pump Demand Share Forecast, 2019-2026
10. Asia Pacific Submersible Pump Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Submersible Pump Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Submersible Pump Market Size and Volume Forecast by Types
10.4.1. Open-well Submersible Pumps
10.4.2. Borewell Submersible Pumps
10.4.3. Non-clog Submersible Pumps
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Submersible Pump Demand Share Forecast, 2019-2026
11. Middle East & Africa Submersible Pump Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Submersible Pump Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Submersible Pump Market Size and Volume Forecast by Types
11.4.1. Open-well Submersible Pumps
11.4.2. Borewell Submersible Pumps
11.4.3. Non-clog Submersible Pumps
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Submersible Pump Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Submersible Pump Market: Market Share Analysis
12.2. Submersible Pump Distributors and Customers
12.3. Submersible Pump Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. ITT Goulds Pumps Inc
12.4.2. Borets International Ltd
12.4.3. EBARA CORPORATION
12.4.4. Flowserve Corp
12.4.5. Gorman-Rupp Co
12.4.6. Sulzer AG
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