Submersible Pumps Market Cross Revenue of $12.2 Billion
by 2021
The global submersible pumps market is projected to reach USD 12.2 Billion by 2020, at a CAGR
of 5.4% during the forecast period 2015 to 2020. This report focuses on the submersible pumps
market based on its various types and applications for different regions.
The oil price slump in 2014 has slowed the growth of the oil & gas equipment and services
market due to non-profitable extraction of crude from the fields. Due to this, the demand for
submersible pumps used in this sector has slowed. On the other hand, the demand for
submersible pumps used in other applications such as water & wastewater treatment, irrigation,
and groundwater extraction showed notable growth in various regions across the globe.
Leading players in the global submersible pumps market include Xylem, Inc. (U.S.), Sulzer AG
(Switzerland), KSB Group (Germany), Grundfos Group (Denmark), and Ebara Corporation
(Japan) among others. Players in the global submersible pumps market make investments in
R&D to enhance the efficiency of their products.
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Scope of the Report
This report focuses on the global submersible pumps market, which has been segmented on the
basis of type, operation, power rating, application, industry and region.
On the basis of Type
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Openwell
Borewell
On the basis of Operation
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Single-stage
Multi-stage
On the basis of Power Rating
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Low
Medium