Global Submersible Pump Market (2019-2025) | Size, Share, Growth, Analysis, Forecast, Trends, Value, Outlook & COVID-19 IMPACT

Latest 2023 Developments of the Global Submersible Pump Market

Global Submersible Pump Market has seen the latest developments which include the introduction of innovative electric submersible pumps designed specifically for drainage, sludge and slurry pumping applications are boosting the market growth. These pumps help in preventing product failure, human errors, sudden loss of voltage and overheating. Manufacturers are setting high standards in terms of innovation and sustainability. Companies are developing bore-hole-type submersible pumps along with solar-driven variants through a cutting-edge digital platform. Many industries such as oil & gas, and water & wastewater treatment are exhibiting high adoption of advanced technologies such as IoT devices to increase operational output. Governments around the world have introduced several projects to stimulate the agricultural sector. Moreover, the municipalities are increasing investments in sewage water treatment and drinking water treatment plants.

Mergers and Acquisitions:

• On September 28, 2020, Atlas Copco and Perceptron entered into an agreement for Atlas Copco to acquire Perceptron.
• On April 28, 2021, Ebara Corporation announced that the acquisition process of Vansan Makina was completed successfully
• In June 2021, The Verder Group announced its acquisition of the Jabsco rotary lobe pump product line from Xylem.

Global Submersible Pump Market Synopsis

The global submersible pump market is driven by rapid industrialization, depleting groundwater, and surging demand for the treatment of wastewater globally. Increasing investment in the industrial sector coupled with regulatory compliances for infrastructural development would be the key factor driving the growth of the global submersible pump market over the coming years.

According to 6Wresearch, the Global Submersible Pump Market size is anticipated to register growth during 2019-2025.  Asia Pacific region accounted for a major share of market demand for submersible pumps owing to the increasing construction projects and growing agriculture sector in the region. China and India are the leading revenue-generating countries in the APAC region. However, during the forecast period middle east region is expected to register high growth on the back of increasing deployment in the oil & gas sector.

The oil and gas sector accounted for a major share of market demand for the submersible pump market due to the high cost and increase in deployment in waste-water treatment plants globally. The agriculture application market is expected to register maximum growth over the forecast period owing to the high deployment of submersible pumps for irrigational purposes.

 The Global Submersible Pump market report thoroughly covers the market by product types, power ratings, applications, regions including North America, Latin America, APAC, Europe, and MEA, and key countries. The global Submersible Pump market outlook report provides an unbiased and detailed analysis of the ongoing global Submersible Pump market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

The challenges and the growth drivers in the global submersible pump market

The submersible pump industry is going to boost according to the market condition due to environmental concerns, the government try to initiate wastewater and do recycle by decreasing the shortage of drinking water and there is a huge investment of government vendors in the development of the infrastructure and safe drinking water. In the forecast period, the environmental legislation going to manufacture energy-efficient pumps and the growth of submersible pumps in the market.

The global submersible pump market is growing according to the development of the infrastructure and rapid development in the urbanization of developing countries such as China and India there are going to attract international process of manufacturing organizations are going to set up plants in these countries going to boost the demand for submersible pumps.

At the global platform increase in the demand for the submersible pump in the market due to the exploration of the activities of the oil and gas into the deep water and the additional increase in the effluent management activities, increasing sewage treatment it’s going to expand the submersible pump market at the global level. There are many factors involved in the submersible pump market such as the high cost of the product, and high operational, and maintenance costs.

The global submersible pump market is projected to witness potential growth in the upcoming six years on the back of the progressive growth of the agriculture sector as farmers' livelihood tremendously depends on groundwater which is pumped out with the help of submersible pumps and is expected to proliferate potential demand for the product in the coming years. Additionally, the rising concern of depletion of groundwater is an expected major threat to the market in the coming years which may restrain the market growth backed by the implementation of government mandates to discontinue the use of submersible pumps. Further, on the basis of region. Asia Pacific submersible pump market is expected to register sound revenues owing to the rising construction of hotels, offices, and restaurants ensuring the availability of sufficient water essential for livelihood is expected to propel the demand for submersible pumps and would proliferate the growth of global submersible pump market in the coming years.

The global submersible pump market is projected to gain momentum in the forthcoming years backed by the increased potential growth of agriculture and wastewater treatment. Further, on the basis of the end-users, the Oil and gas industry is estimated to accumulate high sales revenues in the coming timeframe backed by the increased demand for oil which has led to increased oil export practices hence the growth of the submersible pumps would increase to pump out oil from the ground and is estimated to boost the growth of the global submersible pump market.

Key Highlights of the Report:

• Global Submersible Pump Market Overview
• Global Submersible Pump Market Outlook
• Global Submersible Pump Market Forecast
• Historical Data of Global Submersible Pump Market Revenues & Volume for the Period 2015-2018
• Global Submersible Pump Market Size and Global Submersible Pump Market Forecast of Revenues & Volume, Until 2025
• Historical Data of Global Submersible Pump Market Revenues & Volume, by Product Types, for the Period 2015-2018
• Market Size & Forecast of Global Submersible Pump Market Revenues & Volume, by Product Types, Until 2025
• Historical Data of Global Submersible Pump Market Revenues & Volume, by Power Rating, for the Period 2015-2018
• Market Size & Forecast of Global Submersible Pump Market Revenues & Volume, by Power Rating, Until 2025
• Historical Data of Global Submersible Pump Market Revenues and Volume, By Applications, for the Period 2015-2018
• Market Size & Forecast of Global Submersible Pump Market Revenues and Volume, By Applications, Until 2025
• Historical Data of North America Submersible Pump Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of North America Submersible Pump Market Revenues and Volume, Until 2025
• Historical Data of Latin America Submersible Pump Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Latin America Submersible Pump Market Revenues and Volume, Until 2025
• Historical Data of Europe Submersible Pump Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Europe Submersible Pump Market Revenues and Volume, Until 2025
• Historical Data of Asia Pacific Submersible Pump Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Asia Pacific Submersible Pump Market Revenues and Volume, Until 2025
• Historical Data of the Middle East & Africa Submersible Pump Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of the Middle East & Africa Submersible Pump Market Revenues and Volume, Until 2025
• Market Drivers and Restraints
• Global Submersible Pump Market Price Trends
• Global Submersible Pump Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Global Submersible Pump Market Share, By Players
• Global Submersible Pump Market Share, By Regions
• Global Submersible Pump Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Global Submersible Pump Market report provides a detailed analysis of the following market segments:

By Product Types:

• Borewell Submersible Pump
• Non-Clog Submersible Pump
• Open-well Submersible Pump

By Power Ratings:

• Low
• Medium
• High

By Applications:

• Water & Wastewater
• Mining & Construction
• Pulp & Paper
• Energy & Power
• Agriculture
• Chemicals & Pharmaceuticals
• Others

By Regions: 

• North America
• Latin America
• Europe
• Asia-Pacific
• Middle East & Africa

Global Submersible Pump Market (2019-2025): FAQs