FMI: Submersible Pump Market Dynamics, Supply Demand, Analysis and Supply Demand 2015-2025
Submersible pump is a submerged device which is required to extract water and other fluids from the bored hole or well. Submersible pump is a centrifugal pump which is usually coupled with an electric motor. These pumps remain submerged in water due to which there will not be any pressure trouble. The main reason of using these pumps is to avoid cavitation. Cavitation is a problem related with the high elevation distance between fluid surfaces and pumps. Unlike other pumps, submersible pumps pushes water to the surface instead of sucking of water out of the ground like above ground water pumps.
Submersible pump is a submerged device which is required to extract water and other fluids from the bored hole or well. Submersible pump is a centrifugal pump which is usually coupled with an electric motor. These pumps remain submerged in water due to which there will not be any pressure trouble. The main reason of using these pumps is to avoid cavitation. Cavitation is a problem related with the high elevation distance between fluid surfaces and pumps. Unlike other pumps, submersible pumps pushes water to the surface instead of sucking of water out of the ground like above ground water pumps.
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Global <strong>Submersible</strong><br />
<strong>Pump</strong> <strong>Market</strong><br />
Future <strong>Market</strong> Insights<br />
Share, Global Trends,<br />
<strong>Analysis</strong>, Research, Report,<br />
Opportunities,<br />
Segmentation <strong>and</strong><br />
Forecast,<br />
<strong>2015</strong><br />
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Report Description<br />
<strong>Submersible</strong> pump is a submerged device which is required to extract water <strong>and</strong> other<br />
fluids from the bored hole or well. <strong>Submersible</strong> pump is a centrifugal pump which is<br />
usually coupled with an electric motor. These pumps remain submerged in water due to<br />
which there will not be any pressure trouble. The main reason of using these pumps is to<br />
avoid cavitation. Cavitation is a problem related with the high elevation distance between<br />
fluid surfaces <strong>and</strong> pumps. Unlike other pumps, submersible pumps pushes water to the<br />
surface instead of sucking of water out of the ground like above ground water pumps.<br />
These pumps are used for continuous discharge of water in higher quantity as well as for<br />
high heads. The need of water is being increased day to day for various uses. To get water<br />
from its resources, submersible pumps are required in most of the fields, <strong>and</strong> their<br />
dem<strong>and</strong> in the market is also rising. These pumps are used to extract fluids <strong>and</strong> are<br />
deployed in various industries such as chemicals, construction, energy & power, oil & gas,<br />
construction, wastewater amongst others. The growth of the submersible pump market<br />
is in sync with increasing urbanization, industrialization <strong>and</strong> improvement of irrigational<br />
practices in agriculture globally.<br />
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Global <strong>Submersible</strong> <strong>Pump</strong> <strong>Market</strong>: Drivers & Restraints<br />
With growth in industrial sector in the fast pace economies globally, there has been heavy<br />
expenditure on the construction <strong>and</strong> infrastructural projects, creating dem<strong>and</strong> for<br />
submersible pumps globally. The migration of people from rural to urban region is also
Report Description<br />
triggering the dem<strong>and</strong> of submersible pumps, especially for the waste water <strong>and</strong> sewage<br />
industry. The major drivers for submersible water pumps globally is rising urbanization,<br />
followed by decline in fresh water resources <strong>and</strong> deep water exploration activities<br />
amongst others. <strong>Submersible</strong> pumps are widely preferred in energy <strong>and</strong> power industry<br />
globally. The increasing dem<strong>and</strong> of energy <strong>and</strong> water globally along with increasing<br />
number of oilfields is anticipated to further fuel the dem<strong>and</strong> for global submersible water<br />
pumps market globally. The abundance of oil <strong>and</strong> dem<strong>and</strong> for water in few regional<br />
pockets is expected to drive the growth of submersible pump market during the forecast<br />
period.<br />
Global <strong>Submersible</strong> <strong>Pump</strong> <strong>Market</strong>: Segmentation<br />
On the basis of product type, the global submersible pump market is segmented into<br />
•Sewage <strong>Pump</strong>s<br />
•Clean Water <strong>Pump</strong>s<br />
•Corrosion-resistant <strong>Pump</strong>s<br />
•Hot Water <strong>Pump</strong>s<br />
•Others<br />
On the basis of industry, the global submersible market is segmented into<br />
•Chemical
Report Description<br />
•Construction<br />
•Energy & Power<br />
•Waste water & Sewage<br />
•Others<br />
On the basis of application, theglobal submersible pump market is segmented into<br />
•Industrial<br />
•Agriculture<br />
•Domestic<br />
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Global <strong>Submersible</strong> <strong>Pump</strong> <strong>Market</strong>: Region-wise Outlook<br />
In terms of geography, the global submersible pump market has been divided in to seven<br />
key regions including North America, Latin America, Eastern Europe, Western Europe,<br />
Asia-Pacific excluding Japan, Middle East & Africa <strong>and</strong> Japan. Asia-Pacific holds the largest<br />
market share in terms of revenue <strong>and</strong> is expected to grow at a high CAGR over the<br />
forecast period. With rise in dem<strong>and</strong> for energy <strong>and</strong> water, coupled with increasing<br />
population especially in emerging economies of India <strong>and</strong> China is expected to fuel the
Report Description<br />
dem<strong>and</strong> of submersible pumps by the end of <strong>2025</strong>. North America followed by Western<br />
Europe are others regional markets which are anticipated to grow at a steady CAGR with<br />
increasing initiatives in industrial <strong>and</strong> domestic applications.<br />
Global <strong>Submersible</strong> <strong>Pump</strong> <strong>Market</strong>: Key Players<br />
Global submersible pump market is dominated by large number of regional <strong>and</strong> global<br />
players which include General Electric Company, Flotek Industries Inc., Grundfos Group,<br />
Sulzer AG, Weir Group Plc., Halliburton, Schlumberger <strong>and</strong> Baker Hughes. However,<br />
Chinese <strong>and</strong> local players have a considerable market share in global submersible pump<br />
market <strong>and</strong> are highly competitive in terms of pricing <strong>and</strong> quality, proving to be a major<br />
threat for giant players in global submersible pumps market.
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