Energy and Power Asia-Pacific Submersible Pump Market

Asia-Pacific Submersible Pump Market Analysis 2018 by
Applications, Key Players, Shares, Demand And Supply till
2019
The report "Asia-Pacific Submersible Pump Market by Type (Borewell & Openwell), by
Industry (Chemical, Construction, Energy and Power, Water and Sewage, and Others), by
Application (Industrial, Agriculture, and Domestic), and by Country - Trends and Forecasts
to 2014 - 2019” defines and segments the submersible pumps market in Asia-Pacific with
analysis and forecast of volume as well as value. It also identifies the driving forces and
restraining factors for the market, highlighting the latest trends and identifying opportunities.
Browse 60 market data tables and 53 figures spread through 165 pages and in -depth TOC
on “Asia-Pacific Submersible Pump Market - Trends and Forecasts to 2014 - 2019”
In 2013, China was the single-largest market for submersible pumps in the entire Asia-Pacific
region and accounted for a market share of 29.1%. Rising urban population and the consequent
demand for water & sewage treatment are the key drivers of the submersible pumps market in
Asia-Pacific.
The APAC submersible pumps market is projected to grow at a CAGR of 6.4% from 2014 to 2 019,
to be valued at $18.9 billion., with increasing demand in major economies such as China, India,
and Indonesia. Increasing industrialization is helping in the growth of the demand for
submersible pumps in the region.
China is estimated to be the largest market for submersible pumps in Asia-Pacific in 2014, and is
expected to dominate till 2019. The key players of the Asia-Pacific submersible pumps market
undertake various contracts and agreements (including joint ventures, collaborations, and
partnerships) to increase their market share.
The submersible pumps market is primarily driven by increasing urbanization, deepwater
exploration activities, and decline in the fresh water resources among others. Submersible pumps
have become a pivotal part of the crude production process, contributing to the increasing
efficiency of crude oil production. The drivers of the submersible pumps market include
increasing deep and ultra-deep offshore drilling activities and the rise in the number of maturing
oilfields.