Submersible Pumps Market

Submersible Pumps Market: Increasing Clean Water Initiatives and Influx of Investments in Construction and Oil & Gas to Create Profitable Opportunities: Global Industry Analysis (2014 - 2018) and Forecast (2019 - 2029)

  • 2019-04-18
  • REP-GB-817
  • 40 Tables
  • 140 Figures
  • 271 pages
  • PDF PPT EXCEL
 Submersible Pumps Market
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Submersible Pumps – Growth Uphold by Three Pillars of Operational Excellence

Submersible pumps find extensive usage across multiple industrial applications and processes for trouble-free and hassle-free extraction. Lower initial investment and unparalleled ease of installation remain two among the key factors fuelling investments in submersible pumps landscape. Manufacturers are focusing on fine-tuning three key pillars of operational excellence- performance, reliability, and efficiency, which is a crucial part of their respective long-term strategies.

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submersible pumps market snapshot

Submersible Pumps Market – Key Research Findings

  1. Revenues from the submersible pumps market surpassed US$ 9,700 Mn in 2018.

  1. The submersible pumps market is estimated to record a CAGR of nearly 5.0% through 2029.

  1. South Asia and East Asia are expected to reign supreme in the global submersible pumps market. In addition, Europe is estimated to account for a significant share of the submersible pumps market during the forecast period.

  • Gains in the submersible pumps market are expected to remain driven by growing number water & wastewater treatment projects, and increasing investments in oil & gas exploration activities.

  1. Submersible pumps market players are putting efforts to tap lucrative opportunities in South Asia.

  • Rapid economic growth in India have complemented growth of various manufacturing and fabrication plants, in turn creating demand for products such as submersible pumps.

  • Increasing number of offshore LNG projects and mining exports in Australia have also augured well for growth of the submersible pumps market.

  1. Water & wastewater treatment activities are expected account for a larger share of submersible pumps adoption, as governments across the globe take robust initiatives for safe and sustainable water supply.

  • With government initiatives towards the provision of water and wastewater treatment facilities, submersible pumps are expected to witness significant demand in the coming years. For example, the Chinese government secured funding of approximately US$ 60 Bn in 2015 for improving the urban wastewater infrastructure. In addition, the Canadian government is targeting investments worth US$ 20 Bn to improve its local wastewater and water infrastructure.
     

    global submersible pumps market

Top 3 Factors Shaping the Submersible Pumps Market

  • Influx of Investments in Oil & Gas Exploration

Oil companies have been significantly focusing on exploration of shallow-water oil fields, and later, on ultra-deep water measuring around 5,000 feet, to cater growing demand from power industries vis-à-vis depletion of onshore fields in recent years.

The search for unexplored oil & gas reserves by E&P, and use of artificial lift methods for the production of reservoirs with low formation pressure continue to complement growth of the submersible pumps market. As oil & gas production are closing in on a mature phase, the use of electrical submersible pumps for recovering oil & gas has emerged as a key trend in the submersible pumps market.

  • IoT Proliferation in the Oil & Gas Sector for Real-Time Monitoring of Submersible Pumps Operations

IoT and connected devices have witnessed extensive adoption in the oil & gas sector, with the focus on increasing efficiency in the industry operations. IoT devices enable remote monitoring of operations and access to data, thereby saving on labor cost. This has a significantly positive impact on the submersible pump operations, meanwhile enhancing access to data.

As the trend of automation continues to spiral up across industries, integration of IoT and connected devices with process equipment such as submersible pumps will gain widespread traction in the near future.

  • Low Priced Offerings by China-based Pump Manufacturers

The presence of a large number of Chinese players offering low-priced submersible pumps has been a key competitive challenge among other regional and global market players. Increasing price pressure from these players is influencing key suppliers to offer high-quality, reliable, efficient, and technologically-advanced submersible pumps at competitive prices. However, the price-sensitive nature of the target market is a restraining factor on the overall revenue growth potential of the global submersible pumps market. In order to overcome this challenge, international submersible pump vendors need to differentiate their products through various additional services and integration of advanced technologies.

Submersible Pumps Market Structure Analysis

  • Nature of the global submersible pumps market remains moderately fragmented, wherein, tier-1 companies hold over 50% revenue share.

  • Leading players in the submersible pumps market are focusing on strategic expansion in key geographical locations, in line with robust R&D investments to develop advanced, and customisable products.

Market to Grow 1.5X Larger in the Next 10 Years

Massive influx of investments in the oil & gas projects is estimated to render multiple opportunities for the key players of submersible pumps landscape. End-user's inclination toward advanced pumps with sturdy and sleek designs offering optimal functionality is set to create positive grounds for adoption of submersible pumps. Submersible pumps are well-known for their noise and vibration free operations, which is another added advantage favoring their adoption over several other pump categories.

Submersible Pumps to Emerge as a Staple for Water & Wastewater Applications

Adoption of submersible pumps for wastewater and water treatment applications is estimated to gain utmost traction through 2029. Increase in investments in water and wastewater projects is necessitating adoption of reliable and high quality submersible pumps for domestic, industrial, and municipal applications. According to multiple statistics, water consumption and a consequential demand for effective pump solutions have witnessed a quantum leap over the years. This, in turn, is a key factor accelerating growth of submersible pumps market.

* This data is only a representation. Actual data may vary and will be available in report.

Submersible Pumps to Emerge as a Staple for Water & Wastewater Applications
Submersible Pumps to Emerge as a Staple for Water & Wastewater Applications
Submersible Pumps to Emerge as a Staple for Water & Wastewater Applications
Submersible Pumps to Emerge as a Staple for Water & Wastewater Applications
  • 2014
  • 2018
  • 2022
  • 2028
  • Arrow

The Broader Perspective

The submersible pumps market is witnessing the development of smart pumps by a handful of manufacturing companies, especially for the pumps used in oil & gas applications. Smart submersible pumps with the integration of IIoT solutions and valves facilitate predictive maintenance and contribute real-time data and insights on crucial parameters, including temperature, water and pressure levels, contamination, and mechanical breakdowns, which also aod in establishment of smart irrigation infrastructure. In addition, manufacturers are also focusing on offering optimal warranty of their offerings, which would be instrumental in enhancing end user confidence.

Borewell submersible pumps to witness substantial demand

Demand for openwell submersible pumps to see robust growth

Pumps with above 100 m head type to be the best-seller, estimated to account for over 70% revenue share

Pumps with 50 –100 m head type to see incremental growth

How Growth will Unfold

Submersible pumps landscape continues to be value-driven, which implies that products balancing end user needs will be the forerunners. Manufacturers are not only incorporating new features in their products, but also incorporating latest technologies to meet end-user demand. South Asia and East Asia will emerge as high growth markets for submersible pumps, creating investment opportunities for the market players.

South Asia | East Asia | MEA

 Submersible Pumps Market  Submersible Pumps Market  Submersible Pumps Market

* This data is only a representation. Actual data may vary and will be available in report.

Click Here To Know How The Growth Will Unfold

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Overview

Submersible Pumps Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029

A recent market study published by FMI “Submersible Pumps Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the submersible pumps market, the growth prospects of the market are obtained with maximum precision.

Submersible Pumps Market Taxonomy

The global Submersible Pumps market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

By Product Type

  • Borewell
  • Non-Clog
  • Openwell

By Head Type

  • Below 50 meter
  • 50 m - 100 m
  • Above 100 m

By Application

  • Agriculture
  • Construction
  • Fire Fighting
  • Water & Wastewater
  • Mining
  • Oil & Gas
  • Other Industrial

By Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • MEA

What's Included

The report begins with executive summary of submersible pumps market, which contains a summary of key research findings, demand side trends as well as supply side trends. It also includes the market size estimates, in US$ million, of key segments in submersible pumps market.

This section includes detailed market taxonomy and definition of submersible pumps market, which will help understand basic information and key inclusions considered in submersible pumps market report.

The report provides key market trends that are expected to impact the market growth significantly during the forecast period. Detailed industry trends are provided in this section, along with key market developments or product innovations.

It includes product adoption & usage analysis and manufactures strategies for market expansion.

This section explain the global market volume analysis and forecast for the submersible pumps market between the forecast periods of 2019-2029 is highlights in this section.

This section highlights the average price of submersible pumps as per product type, in different regions across the world. The pricing benchmark for manufacturer level pricing is analysed in this section.

This section explain the global market value analysis and forecast for the submersible pumps market for the forecast period of 2019-2029 is highlighted in this section. This chapter includes the detailed analysis of the historical submersible pumps market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019-2020), and an incremental opportunity for the forecast period (2019 – 2029).

Key macro-economic factors which are anticipated to influence the submersible pumps market growth over the forecast period. This chapter also highlights the prominent market dynamics, drivers, restraints and opportunity analysis, of submersible pumps market. Moreover, readers will understand key developments and trends followed by the leading players in the submersible pumps market.

Based on product type, the submersible pumps market has been segmented into three types of submersible pumps, borewell submersible pumps, non-clog submersible pumps and openwell submersible pumps. In this chapter, readers can find information about the key developments and trends in the submersible pumps market, as well as market attractiveness analysis based on the product type.

This chapter provides details about the submersible pumps market on the basis of head type, and has been classified into below 50 m head type submersible pumps, 50 – 100 m head type submersible pumps and above 100 m head type submersible pumps. In this chapter, readers can understand the submersible pumps market attractive analysis based on head type.

This chapter provides details about the submersible pumps market on the basis of application, and has been classified into agriculture, construction, firefighting, water & wastewater, mining, oil & gas and other industrial. In this chapter, readers can understand the submersible pumps market attractive analysis based on application.

 

A detailed analysis of submersible pumps across various geographic regions, such as North America, Latin America, Europe, East Asia, South Asia, and the Middle East & Africa (MEA) is provided in this section.

This chapter includes a detailed analysis of the growth of the North America Submersible Pumps market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the regional trends, regulations, and market growth based on the end users and countries in North America submersible pumps market.

Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America submersible pumps market. This chapter also includes the growth prospects of the submersible pumps market in the leading LATAM countries such as Brazil, Mexico and the Rest of Latin America.

Important growth prospects of the Submersible Pumps market based on its end users in several countries, such as Nordic Countries, Germany, the UK, France, Russia, and the Rest of Europe, are included in this chapter.

India, ASEAN, Oceania and Rest of South Asia are the leading countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia Submersible Pumps market in this chapter. Readers can find detailed information about the growth parameters of the South Asia submersible pumps market during the period 2019-2029.

This chapter highlights the growth of the submersible pumps market in the East Asia by focusing on China, Japan and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the submersible pumps market in East Asia.

This chapter provides information about how the Submersible Pumps market will grow in the major countries in the MEA region, such as GCC Countries, South Africa, and Rest of MEA, during the forecast period 2019 - 2029.

This chapter provides information about how the Submersible Pumps market will grow in the major countries in the MEA region, such as GCC Countries, South Africa, and Rest of MEA, during the forecast period 2019 - 2029.

In this chapter, readers can find a detailed information about the tier analysis and market concentration of the key players in the submersible pumps market along with their market presence analysis by region and product portfolio.

In this chapter, readers can find a comprehensive list of all the leading stakeholders in the submersible pumps market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are KSB AG, Flowserve Corp, Sulzer AG, Ebara Corporation, Weir Group Plc., Xylem Inc., Wilo SE, Kubota Corporation, Wacker Neuson Group, Atlas Copco Group, Tsurumi Manufacturing Co., Ltd., Ingersoll-Rand plc, and Kirloskar Brothers Ltd., among others.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the submersible pumps report.

This chapter helps readers understand the research methodology followed to obtain the various conclusions as well as important qualitative and quantitative information about the submersible pumps market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Sales Heads
  • Product Line Managers
  • Procurement Heads
  • Channel Managers
  • Sales Executives

 

  • Product Manufacturers
  • Distributors
  • Traders / Importers
  • Raw Material / Component Providers
  • Aftersales Service Providers
  • Industry Experts
  • End Users
  • Assemblers / integrators

   

  • Current Market Dynamics and Challenges
  • Market Characteristics
  • Market Performance and Growth Quadrants
  • Competition Structure and Market Structure
  • Strategic Growth Initiatives
  • Near term and long term market growth prospects
  • Market Segment Splits and Authenticity
  • Opinions on market projections and validity of assumptions

Secondary Research

  • Industry Magazines
  • Industry Associations
    • IPMA
    • EuroPump
  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

World Bank, UNIDO, IMF

Primary Interview Splits

Primary Research Interview Splits

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Harish Tiwari

Global Head - Business Development

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