Submersible Pump Market - Size, Share, Outlook, and Opportunity Analysis, 2019

A submersible pump, also called as an electric submersible pump (ESP), is a pump that can be submerged into a fluid. These pumps are equipped with hermetically sealed motor, which is close to the pump body. Additionally, these pumps are compact and lightweight and can be installed with several kinds of piping, as they are easy to dismantle. Furthermore, there are different types of submersible pumps available in the market such as non-clog submersible pumps, open well submersible pumps, and borewell submersible pumps.

Market Dynamics

The continued research and development of submersible pump (SP) is of utmost importance to the manufactures and companies involved in the innovation. The launch of innovative new products from the significant companies such as Kirloskar Brothers Limited (KBL) and others will boost the global submersible pump (SP) market. For instance, in October 2020, Kirloskar Brothers Limited (KBL), an engineering and manufacturing of fluid management systems company introduced a new wide range of low maintenance, energy-efficient submersible pump (SP) coupled pump-sets with IE4 motor for dewatering applications and others.

For instance, in February 2019, Kirloskar Brothers Limited (KBL) an engineering and manufacturing of fluid management systems company introduced two pumps such as KU6 - oil-filled borewell submersible pump, KVM (Kirloskar Vertical Multi-stage) pump and water filtration K-Kleen 25 kit for multiple application such as sprinkler & drip systems in farms, domestic and industrial water supply, and others.

Moreover, in January 2018, Kirloskar Brothers Limited (KBL) an engineering and manufacturing of fluid management systems company launched ‘KOSi' pumps’ open well submersible pumps for the agriculture and domestic application.

Market Taxonomy

This report segments the global submersible pump market on the basis of product type, application, head type, and region. On the basis of product type, the global submersible pump market is segmented into non-clog submersible, open well submersible, borewell submersible. On the basis of application, the global submersible pump market is segmented into industrial water & wastewater, agriculture & irrigation, oil & gas, firefighting, mining, construction, non-industrial water & wastewater, and other. On the basis of head type, the global submersible pump market is segmented into below 50 meter, 50 m- 100 m, and above 100 m. On the basis of region, the global submersible pump market is segmented into North America, Latin America, Europe, the Asia Pacific, and Middle East & Africa

Key features of the study:

This report provides an in-depth analysis of the global submersible pump market and provides market size (US$ million and units) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global submersible pump market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered in the global submersible pump market include Ebara Corporation, Flowserve Corporation, GRUNDFOS, Kirloskar Brothers Limited, KSB AG, Ruhrpumpen Group, Sulzer Ltd., The Weir Group plc, WILO SE, and Xylem Inc.
The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
The global submersible pump market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global submersible pump market.

Detailed Segmentation:

Global Submersible Pump Market, Product Type: