According to the latest report by IMARC Group, titled “Submersible Pumps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the market is currently witnessing strong growth. The global Submersible Pumps market to exhibit moderate growth during the next five years. Also known as an electric submersible pump (ESP), a submersible pump is designed for being immersed in a well, tank or container. It pushes water to the surface from its submerged position by converting rotary energy into pressure energy. Its motor is encased in oil-filled compartments that do not have contact with the substance they are pumping. It is efficient, conserves energy and prevents the formation of vapor cavities in a liquid. Consequently, it finds application in irrigation, water treatment and oil extraction across the globe.

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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Submersible Pumps Market Trends:

The market is experiencing growth on account of the escalating demand for oil and gas in the industrial, transportation and residential sectors across the globe. Due to a significant decline in the availability of oil reserves, there is a rise in the utilization of submersible pumps to conduct extraction activities in deep-sea reserves. Moreover, a surge in the demand for efficient wastewater and sewage management systems is strengthening the market growth. Apart from this, governments of numerous countries are implementing policies to recycle wastewater, manage sewage and provide safe drinking water on account of the growing environmental concerns. Furthermore, the increasing utilization of the Internet of Things (IoT) for in-depth monitoring, data capturing, and remote access are impacting the market growth positively.

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Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.

  • Atlas Copco
  • Flowserve Corporation
  • Grundfos Holding A/S
  • ITT Gould’s Pumps Inc.
  • Kirloskar Brothers Limited
  • KSB Aktiengesellschaft
  • Schlumberger
  • Sulzer AG
  • Weir Group Plc.
  • Wilo SE
  • Xylem Inc.

Keyword Market Segmentation:

Our report has categorized the market based on Region, Type, Operation, Power Rating and Application.

Breakup by Type:

  • Open Well
  • Borewell
  • Non-Clog

Breakup by Operation:

  • Single Stage
  • Multi-Stage

Breakup by Power Rating:

  • Low
  • Medium
  • High

Breakup by Application:

  • Water & Wastewater
  • Mining & Construction
  • Pulp & Paper
  • Energy & Power
  • Food & Beverages
  • Chemicals & Pharmaceuticals
  • Others

Breakup by Region:

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America

Key highlights of the report:

  • Market Performance (2015-2020)
  • Market Outlook (2021- 2026)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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