Submersible Pump Market size to grow by USD 6.17 billion from 2022 to 2027

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23 Aug, 2023, 19:00 ET

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NEW YORK, Aug. 23, 2023 /PRNewswire/ -- The submersible pump market is estimated to grow at a CAGR of 5.02% between 2022 and 2027 and the size of the market is forecast to increase by USD 6,170.63 million, according to Technavio. Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report - Request a sample report

Submersible pump market – Company Analysis

Company Landscape - The submersible pump market is fragmented, with the presence of several global as well as regional companies. A few prominent companies that offer submersible pumps in the market are Dharani Pumps and Motors, Dover Corp., EBARA CORP, Havells India Ltd., Kirloskar Brothers Ltd., KSB SE and Co. KGaA, Kubota Corp., Oswal Pumps Ltd., Poul Due Jensens Fond, Samudra Pumps India Pvt. Ltd., Shakti Pumps India Ltd., Shimge Pump Industry Group Co. Ltd., Sulzer Management Ltd., The Gorman Rupp Co., The Weir Group Plc, Tsurumi Manufacturing Co. Ltd., Wacker Neuson SE, Xylem Inc., Zhejiang Doyin Technology Co. Ltd., and Atlas Copco AB and others.

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Submersible Pump Market - Segmentation Assessment

Segment Overview

Technavio has segmented the market based on type (Electric, Hydraulic, and Air-driven), Application (Borewell and Openwell), and Geography (APAC, Europe, North America, Middle East and Africa, and South America).

Geography Overview

By geography, the global submersible pump market is segmented into APAC, Europe, North America, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global submersible pump market.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

Submersible Pump Market – Market Dynamics

Key Driver

The increased demand for wastewater treatment is a key factor driving the market growth. Increased water pollution and global depletion of fresh water are driving the demand for wastewater treatment plants. Stricter regulations on water discharge and declining water quality are also driving the global wastewater industry. At the same time, the demand for clean water in the domestic, commercial, and industrial sectors is driving investment in machinery installation and upgrading of water and wastewater treatment facilities. Hence, these factors are expected to drive market growth during the forecast period.

Major Trend

The development of renewable energy-powered submersible pumps is a major trend in the market.

Significant Challenge

The high ownership and maintenance cost is a significant challenge restricting market growth.

Drivers, Trends & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

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Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Application

7 Market Segmentation by Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/

SOURCE Technavio