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India- Submersible Pumps Market to Witness Enhanced Demand in Oil & Gas Sector and Electronic Devices Industry Till 2023: MRFR



(MENAFN - GetNews) Submersible Pumps Market Research Report: by Industry (Water & Wastewater, Oil & Gas, Agriculture & Irrigation, Construction, Mining, Others), by Well Type (Bore Well, Open Well), by Operation (Multi Stage, Single Stage), by Power Rating (High Power, Medium Power, Low Power), and Region - Forecast to 2023

Report Overview:

The report takes a close look at the segmentation of the global submersible pumps market in order to present a clear view of the granular structure of the market. The leading segments in the global submersible pumps market are highlighted with extensive data mining and research. The key players in the global submersible pumps market are also profiled with a view to explaining the market's competitive structure and competitive dynamics. The major drivers and restraints affecting the global submersible pumps market are elaborated upon in the report with the help of detailed statistics, along with a study of the macroeconomic and microeconomic factors underpinning the submersible pumps market's growth. The market is thus analyzed in detail in the report in order to provide readers with a clear idea of where the market stands at present and its subsequent developments over the coming years.

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Market Research Future (MRFR) has announced a new release on the global submersible pumps market. The report endeavors to show the inner workings of the market in detail so that readers can formulate winning strategies to succeed in the market. According to the report, the global submersible pumps market is expected to rise from a 2017 valuation of USD 10,204.7 million to a 2023 valuation of USD 14,127.2 million. It can expand at a CAGR of 5.57% during the forecast period (2018-2023).

The growing demand for offshore exploration and subsea production activities in the oil and gas sector is likely to be a major driver for the global submersible pumps market over the forecast period. The falling levels of onshore oil and gas reservoirs have led to an increased interest in offshore exploration and production. The increasing profitability of offshore ventures has led to a steady rise in government as well as private funding for the sector, resulting in a growing demand for accessories such as submersible pumps. This is likely to be a major driver for the global submersible pumps market over the forecast period.

Segmentation:

The global submersible pumps market is segmented by well type, operation, power rating, end-use industry, and region.

By well type, the market is segmented into open well and bore well. The bore well segment is expected to exhibit the dominant share in the global submersible pumps market over the forecast period. The bore well segment accounted for close to 66% of the global submersible pumps market in 2017 and is likely to remain similarly dominant over the forecast period and beyond.

By operation, the market is segmented into single-stage and multi-stage. Multi-stage configurations accounted for a majority share of more than 68% in the market in 2017 and are likely to remain the dominant contributor to the market over the forecast period.

By power rating, the submersible pumps market is segmented into low power, medium power, and high power. The high-power segment accounted for the highest share in the global market in 2017 and is likely to remain a major contributor over the forecast period. The high-power segment accounted for 41.46% of the global submersible pumps market in 2017.

By end use, the market is segmented into water and wastewater, agriculture and irrigation, construction, mining, oil and gas, and others. The water and wastewater industry are likely to remain the leading end-use segment of the global submersible pumps market over the forecast period, having accounted for 39.85% of the market in 2017.

Research Methodology:

MRFR's analysis is based on strenuous examination of data gathered from primary and secondary research, based on years of industry-specific expertise. Detailed information about the market's present and past movement is used to forecast the market's future growth trajectory. Varying trends in each region and segment are studied to provide a comprehensive view of the global submersible pumps market.

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Competitive Analysis:

Leading players in the global submersible pumps market include Xylem (U.S.), KSB Group (Germany), Flowserve Corporation (U.S.), EBARA CORPORATION (Japan), Tsurumi Manufacturing Co. Ltd. (Japan), The Gorman-Rupp Company (U.S.), Atlas Copco AB (Sweden), The Weir Group PLC (U.K.), Sulzer Ltd. (Switzerland), and Grundfos (Denmark).

Analysis Period:

Base Year - 2017

Projection Period - From 2018 to 2023

Market Valuation - USD Million

Industry

Water & Wastewater

Agriculture & Irrigation

Oil & Gas

Construction

Mining

Others

Well Type

Bore Well

Open Well

Operation

Single Stage

Multi Stage

Power Rating

High Power

Medium Power

Low Power

Region

North America

The U.S.

Canada

Europe

France

Italy

Spain

U.K.

Germany

Rest of Europe

Asia Pacific

India

China

Japan

Australia

Rest of Asia Pacific

Rest-of-the-World

The Middle East & Africa

Latin America

View Full Report @ https://www.marketresearchfuture.com/reports/submersible-pumps-market-1351

Intended Audience:

Power and energy associations

State and national regulatory authorities and policy makers

Submersible Pump manufacturers, dealers, and suppliers

Government and research organizations

Industrial Distribution utilities

Companies in energy & power sector

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9332

Email:

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/submersible-pumps-market-1351

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India- Submersible Pumps Market to Witness Enhanced Demand in Oil & Gas Sector and Electronic Devices Industry Till 2023: MRFR

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