Energy and Power Top 10 Pumps and Motors Market | Page 3

- Company Profiles
- Appendix
- List of Tables
- List of Figures
The submersible pump segment was the largest market in 2015. Factors such as a positive shift in
living standards would lead to demand for improved hygiene and sanitation requirements. This
growth in demand for water in terms of both quantity as well as quality as per government municipal
regulations will drive the need for submersible pumps. Continued construction and economic
development activities (industrial and commercial) across the globe coupled with rising population,
increased investments in infrastructure, especially in the water & wastewater and mining &
construction sectors would spur growth in the market for submersible pumps.
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The demand for pumps and motors can be directly linked to the growing demand for HVAC
control systems. The demand for these products is also driven by growth in renewable power
generation and upgradation of old power infrastructure. However, factors such as high initial cost
of motors, high maintenance cost, and decrease in greenfield investment could restrain growth.
On the other hand, development in power generation facilities and development of digital
oilfields represent promising growth opportunities for the market.
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