Increase in count of urban population, and increasing industrialization are the factors that is expected to drive the submersible pumps market. Growing investments in infrastructure development is another factor that will foster the growth of the market. The increasing cases of Motor Failure & High cost of troubleshooting involved are key restraining factors that hampers the growth of the market. Increasing exploration activities related to deepwater and increase in subsea operations are factors that will offer abundant growth opportunities to this market. Designing submersible pump which can operate for a pump intake excess air is a key market challenge faced by manufacturers and end-users.
The market is segmented on the basis of operation, application, power rating, industry and region. On the basis of operation, the market is segmented into single stage and multistage. On the basis of applications, the market is segmented into industrial sector, agriculture sector and domestic sector. On the basis of power rating, the market is segmented into low power, medium power and high power. On the basis of industry, the market is segmented into water & wastewater, energy & power, mining & construction and other industries. On the basis of region, the market is segmented into Asia-Pacific, North America, Europe, Middle East & Africa and South America.
Key market players operating in this market are Xylem Inc., Sulzer AG, KSB Group, Grundfos Group, Ebara Corporation, Atlas Copco AB, Flowserve Corporation, General Electric Company, Halliburton Company, The Gorman-Rupp Company, Tsurumi Manufacturing Co., Ltd., Wilo SE, ITT Goulds Pumps, Toyo Denki Industrial Co., Ltd. and Walrus Pump Co., Ltd.
KEY BENEFITS FOR STAKEHOLDERS:
The report provides a comprehensive analysis of current & future market trends and emerging avenues for the growth of this market across the globe.
The report offers an overview of changing market dynamics in terms of fast turn-around analysis of stakeholders responses to recent industry policy changes and market trends.
The report offers an insight into competitive landscape in terms of new technological developments, untapped segments, and value chain analysis.
This report entails the detailed quantitative analysis of the current market and estimations through 2014 and 2020, which assists in identifying the prevailing market opportunities.
Recent developments in government policies on various segments is highlighted along with offering insight into the regulatory framework impacting the market.
The report offers strategic analysis of financial status of key market players, and highlights market share of key vendors.
The report offers the competitive landscape scenario in terms of the strategies adopted by key industry players to consolidate their market positions.
SUBMERSIBLE PUMPS KEY MARKET SEGMENTS:
Submersible Pumps Market By Type
Submersible Pumps Market By Operation
Submersible Pumps Market By Application
Submersible Pumps Market By Power Rating
Submersible Pumps Market By Industry
Water & Wastewater
Energy & Power
Mining & Construction
Submersible Pumps Market By Region
Middle East & Africa
Key Company Profiles
Atlas Copco AB
General Electric Company
The Gorman-Rupp Company
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.