Energy and Power Submersible Pumps Market | Page 2

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Mining & Construction
Water & Wastewater
Energy & Power
Others
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The current and forecasted market size estimations are done considering the latest industry
trends, usage pattern of various submersible pumps by the end users, and investments being
made in the applicable industries industrial, agricultural and domestic sector around the globe.
The global submersible pumps market is projected to grow at a CAGR of 5.4% from 2015 to 202 0,
reaching a value of USD 12.2 Billion in 2020. In 2014, Asia-Pacific region was the largest market
for submersible pumps and accounted for a market share of about 42% in terms of value. This
can be attributed to various factors such as growing urban population, rapid industrialization,
and huge investments for infrastructure development in this region. This region also houses the
leading developing economies such as China, India, and Indonesia that have huge population
and have been exhibiting high economic growth rate.
This report provides detailed regional analysis for the submersible pumps market, including
market size for important countries. Asia-Pacific region is expected to have maximum
investments for the infrastructure developments, which will be a key driver of demand for
submersible pumps. China, India, the U.S., Germany, and Brazil have been identified as the key
countries for submersible pumps market owing to their current market size and potential for
growth.
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These companies are expanding into new territories to take advantage of opportunities in the
emerging regions such as Asia-Pacific, Middle East & Africa, and South America through joint-
ventures, mergers and acquisitions, and partnerships. This will help them to venture into new
markets, minimize the risk of company’s revenue being concentrated on one single regi on and
help them to sustain even if economic growth is low in some regions.
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