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Companies Profiled in the Market: Sulzer, Kirloskar Brothers Limited, oddesse Pumpen- Und Motorenfabrik GmbH, KSB Company, Multiquip Inc., GRUNDFOS, Hitachi America, Xylem Inc., Caprari, Crompton Greaves Consumer Electricals Limited, Weatherford, TSURUMI PUMP, ZUWA-Zumpe GmbH, Homa Pumpenfabrik GmbH, Quadt Kunststoffapparatebau GmbH.
The global submersible pump market size stood at USD 12.95 billion in 2018 is projected to reach USD 20.58 billion by 2026, exhibiting a CAGR of 6.0% during the forecast period.
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November 2019:HOMA Pumpenfabrik introduced a new line of electric submersible pumps that are made of stainless steel material. These products have been developed with the aim of handling high-density effluents.
Submersible Pump Market Report Scope:
Increasing Agricultural Activities Is Set to Augment Industry Outlook
Various countries are increasing focus on cultivating and harvesting edible goods for national consumption as well as international exports. Emerging countries in the Asia Pacific region, along with developed regions such as North America, is taking several measures to promote agricultural business by using advanced machinery and equipment.
Rising Measures to Treat and Reuse Discharged Wastewater Will Propel the Industry Size
Water is the basic necessity needed by every individual to sustain, and depletion and contamination of water resources have risen grave concerns among nations. Consequently, different regional governments have implemented stern policies and guidelines to curb the mixture of released wastewaters into mainstream water reserves. For instance, in May 2018, the government of Gujrat, a state in India, had introduced a policy named Reuse of Treated Waste Water Policy. The framework is aimed to reduce the reliance on the regional freshwater sources like rivers and support the setup of Sewage Treatment Plants (STP) in the state.
Impact of COVID-19on Submersible Pump Market:
This research covers COVID-19 impacts on the upstream, midstream and downstream industries. Moreover, this research provides an in-depth market evaluation by highlighting information on various aspects covering market dynamics like drivers, barriers, opportunities, threats, and industry news and trends.
Stepping into a Post-COVID Economy: How Energy and Power Industry Will Play an Essential Role in its Recovery.Download eBook for .
The study provides analysis on market participants including:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Submersible Pump Market.
Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Submersible Pump Market.
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Detailed TOC of Global Submersible Pump Market Report 2022
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