Submersible Pumps Market is projected to reach USD 12.2 Billion by 2020

The report Submersible Pumps Market by Well (Open and Bore), By Operation (Single and Multi-stage), by Power Rating, by Application (Industrial, Agricultural, and Domestic), by Industry (Mining & Construction, Energy & Power, Water & Wastewater) & by Region – Global Trends & Forecasts to 2020″, defines and segments the submersible pumps market with analysis of market size, market share of leading players, and forecast for future trends. It also identifies the driving forces, restraining factors, and challenges for the market, highlighting the latest trends, and identifying opportunities.

Leading players in the global submersible pumps market include Xylem, Inc. (U.S.), Sulzer AG (Switzerland), KSB Group (Germany), Grundfos Group (Denmark), and Ebara Corporation (Japan) among others.

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The current and forecasted market size estimations are done considering the latest industry trends, usage pattern of various submersible pumps by the end users, and investments being made in the applicable industries industrial, agricultural and domestic sector around the globe.

Scope of the Report

This report focuses on the global submersible pumps market, which has been segmented on the basis of type, operation, power rating, application, industry and region.

On the basis of Type

  • Openwell
  • Borewell

On the basis of Operation

  • Single-stage
  • Multi-stage

On the basis of Power Rating

  • Low
  • Medium
  • High

On the basis of Industry

  • Mining & Construction
  • Water & Wastewater
  • Energy & Power
  • Others

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This report provides detailed regional analysis for the submersible pumps market, including market size for important countries. Asia-Pacific region is expected to have maximum investments for the infrastructure developments, which will be a key driver of demand for submersible pumps. China, India, the U.S., Germany, and Brazil have been identified as the key countries for submersible pumps market owing to their current market size and potential for growth.

The global submersible pumps market is projected to grow at a CAGR of 5.4% from 2015 to 2020, reaching a value of USD 12.2 Billion in 2020. In 2014, Asia-Pacific region was the largest market for submersible pumps and accounted for a market share of about 42% in terms of value. This can be attributed to various factors such as growing urban population, rapid industrialization, and huge investments for infrastructure development in this region. This region also houses the leading developing economies such as China, India, and Indonesia that have huge population and have been exhibiting high economic growth rate.

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The global submersible pumps market was valued at USD 8.8 Billion in 2014 and is projected to reach USD 12.2 Billion by 2020, at a CAGR of 5.4% during the forecast period 2015 to 2020. Asia-Pacific was the largest market for submersible pumps in 2014, holding a 41.7% share, and is set to continue its dominance throughout the forecast period. High demand growth is expected from the developing countries in this region due to the factors such as growing urban population, industrial development and growing infrastructure investments.

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