Submersible Pumps Market by Types (Borewell Submersible Pumps, Open Well Submersible Pumps, and Non-clog Submersible Pump), Drive Types (Electric, Hydraulic, and Others), Heads (Below 50m, Between 50m and 100 m, and Above 100m), End-users (Water and Wastewater, Oil and Gas Industry, Mining and Construction Industry, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.
The global submersible pumps market size is anticipated to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the strict regulations for wastewater treatment across industries.
A submersible pump is a piece of machinery that is immersed in the liquids to circulate and avoid formation of vapor cavities in the liquid. It works by pulling fluids to the surface from their submerged locations. These pumps are designed to handle a variety of liquid fluid velocities for a variety of industrial applications. The pandemic of COVID-19 has hindered the expansion of the submersible pump industry. This slowdown is primarily due to economic contractions, which have led to decrease in investments from a variety of companies.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing urban population and industrialization are expected to drive the submersible pumps market.
- Growing investments in infrastructure development is propelling the growth of the market.
- Rising cases of motor failure can hamper the growth of the market.
- Growing exploration activities related to deepwater and increase in subsea operations are offering lucrative opportunities to the global submersible pumps market.
Scope of the Report
The report on the global submersible pumps market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Submersible Pumps Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Types (Borewell Submersible Pumps, Open Well Submersible Pumps, and Non-clog Submersible Pumps), Drive Types (Electric, Hydraulic, and Others), Heads (Below 50m, Between 50m and 100m, and Above 100m), End-users (Water and Wastewater, Oil and Gas Industry, Mining and Construction Industry, and Others) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Flowserve Corporation; Sulzer Limited; Borets International Ltd; and The Gorman-Rupp Company |
Submersible Pumps Market Segment Insights
Open well submersible pump segment is expected to grow at a rapid pace
Based on types, the market is divided into borewell submersible pumps, open well submersible pumps, and non-clog submersible pumps. The open well submersible pumps segment is expected to grow at a rapid pace during the forecast period owing to rapid growth in water treatment plants and expanding capacities of existing facilities.
Electric segment is projected to expand at a considerable CAGR
On the basis of drive types, the market is segregated into electric, hydraulic, and others. The electric segment is projected to expand at a considerable CAGR during the forecast period due to availability of electric submersible pumps that can require less maintenance and are of low cost.
Above 100 m segment anticipated to account for a significant market share.
Based on heads, the market is divided into below 50m, between 50m and 100m, and above 100 m. The above 100 m segment is estimated to account for a significant market share during the forecast period due to rising investments in the construction industry. On the other hand, the between 50m and 100m segment is expected to grow at a sustainable rate in the coming years.
Oil and gas industry segment is expected to grow at a rapid pace
Based on product end-users, the market is divided into water and wastewater, oil and gas industry, mining and construction industry, and others. The oil and gas industry segment is expected to grow at a robust pace during the forecast period due to shortage of water and government restrictions on wastewater treatment.
Asia Pacific is anticipated to constitute a key market share
In terms of regions, the global submersible pumps market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period. Governments in developing countries such as India and China have formulated policies to promote industrial sector growth, which is leading to the expansion of industries such as oil and gas, construction, and others that use submersible pumps extensively.
Segments
Segments Covered in the Report
The global submersible pumps market has been segmented on the basis of
Types
- Borewell Submersible Pump
- Open well Submersible Pump
- Non-clog Submersible Pump
Drive Types
- Electric
- Hydraulic
- Others
Heads
- Below 50 m
- Between 50 m to 100 m
- Above 100 m
End-Users
- Water and Wastewater
- Oil and Gas Industry
- Mining and Construction Industry
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Flowserve Corporation
- Sulzer Limited
- Borets International Ltd
- The Gorman-Rupp Company
Competitive Landscape
The market for submersible pumps remains to be highly fragmented, and key players competing in the global submersible pumps market are Flowserve Corporation; Sulzer Limited; Borets International Ltd; and The Gorman-Rupp Company
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Submersible Pumps 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 Pumps Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Submersible Pumps Market - Supply Chain
4.5. Global Submersible Pumps Market Forecast
4.5.1. Submersible Pumps Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Submersible Pumps Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Submersible Pumps Market Absolute $ Opportunity
5. Global Submersible Pumps Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Submersible Pumps Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Submersible Pumps Demand Share Forecast, 2019-2026
6. North America Submersible Pumps Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Submersible Pumps Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Submersible Pumps Demand Share Forecast, 2019-2026
7. Latin America Submersible Pumps 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
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Submersible Pumps Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Submersible Pumps Demand Share Forecast, 2019-2026
8. Europe Submersible Pumps 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. Europe Average Pricing Analysis
8.2. Europe Submersible Pumps Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Submersible Pumps Demand Share Forecast, 2019-2026
9. Asia Pacific Submersible Pumps 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. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Submersible Pumps Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Submersible Pumps Demand Share Forecast, 2019-2026
10. Middle East & Africa Submersible Pumps 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. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Submersible Pumps Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Submersible Pumps Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Submersible Pumps Market: Market Share Analysis
11.2. Submersible Pumps Distributors and Customers
11.3. Submersible Pumps Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
2. Assumptions and Acronyms Used
3. Research Methodology
4. Submersible Pumps 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 Pumps Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Submersible Pumps Market - Supply Chain
4.5. Global Submersible Pumps Market Forecast
4.5.1. Submersible Pumps Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Submersible Pumps Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Submersible Pumps Market Absolute $ Opportunity
5. Global Submersible Pumps Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Submersible Pumps Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Submersible Pumps Demand Share Forecast, 2019-2026
6. North America Submersible Pumps Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Submersible Pumps Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Submersible Pumps Demand Share Forecast, 2019-2026
7. Latin America Submersible Pumps 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
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Submersible Pumps Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Submersible Pumps Demand Share Forecast, 2019-2026
8. Europe Submersible Pumps 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. Europe Average Pricing Analysis
8.2. Europe Submersible Pumps Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Submersible Pumps Demand Share Forecast, 2019-2026
9. Asia Pacific Submersible Pumps 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. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Submersible Pumps Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Submersible Pumps Demand Share Forecast, 2019-2026
10. Middle East & Africa Submersible Pumps 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. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Submersible Pumps Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Submersible Pumps Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Submersible Pumps Market: Market Share Analysis
11.2. Submersible Pumps Distributors and Customers
11.3. Submersible Pumps Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
Segments Covered in the Report
The global submersible pumps market has been segmented on the basis of
Types
- Borewell Submersible Pump
- Open well Submersible Pump
- Non-clog Submersible Pump
Drive Types
- Electric
- Hydraulic
- Others
Heads
- Below 50 m
- Between 50 m to 100 m
- Above 100 m
End-Users
- Water and Wastewater
- Oil and Gas Industry
- Mining and Construction Industry
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Flowserve Corporation
- Sulzer Limited
- Borets International Ltd
- The Gorman-Rupp Company
The market for submersible pumps remains to be highly fragmented, and key players competing in the global submersible pumps market are Flowserve Corporation; Sulzer Limited; Borets International Ltd; and The Gorman-Rupp Company
Our Clients
Related Reports
Some other reports from this category!
