Global Submersible Pump Market to be Driven by Rising Demand from Various Industries in the Forecast Period of 2022-2027

The new report by Expert Market Research titled, 'Global Submersible Pump Market Size, Share, Growth, Analysis, Report and Forecast 2022-2027', gives an in-depth analysis of the global submersible pump market. The market segments are assessed based on type, drive type, head, end user and major regions like North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.

Get a Free Sample Report with Table of Contents@ https://www.expertmarketresearch.com/reports/submersible-pump-market/requestsample

The key highlights of the report include:

Market Overview (2017-2027)

• Historical Market Size (2021): USD 11.3 billion
• Forecast CAGR (2022-2027): 6.83 %
• Forecast Market Size (2027): USD 16.8 billion

The growing demand for submersible pumps is being driven by a rising adoption in industrial applications. Submersible pumps are useful in the agriculture and firefighting industries because they are lightweight, adaptable, and simple to deploy.

Due to the increased demand for crude oil and petroleum on a global scale, submersible pumps utilised in oil applications are expected to see a considerable increase in demand. This pattern is being supported by a rising demand for energy. Growing populations also increase the demand for residential buildings, thereby expanding the construction sector in emerging economies. Expansion of the construction sector is anticipated to support market expansion during the coming years.

Submersible Pump Industry Definition and Major Segments

A submersible pump is a motor which is airtight, sealed, and close-coupled to the pump body. This motor prevents pump cavitation and can be submerged completely in water. It is useful in a variety of applications due to its properties.

Read Full Report with Table of Contents@ https://www.expertmarketresearch.com/reports/submersible-pump-market

On the basis of type, the market can be segmented into:

• Borewell Submersible Pump
• Openwell Submersible Pump
• Non-clog Submersible Pump

On the basis of drive type, the market can be categorised into:

• Electric
• Hydraulic
• Others

On the basis of head, the market can be divided into:

• Below 50 m
• Between 50 m and 100 m
• Above 100 m

On the basis of end user, the market can be divided into:

• Water and Wastewater
• Oil and Gas Industry
• Mining and Construction Industry
• Others

The regional markets include:

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

Submersible Pump Market Trends

Regionally, Asia Pacific is anticipated to hold a significant share in the submersible pump market. It is expected to be driven by the expansion of industrial facilities in countries such as China and India, owing to low raw material costs and favourable government policies. The growing concern about water scarcity is also increasing demand for submersible pumps to help with wastewater management. Furthermore, the region's booming mining and construction industries are expected to provide a boost to the market during the forecast period.

Key Market Players

The major players in the global submersible pump market report are:

Baker Hughes Company
Schlumberger Limited
Halliburton Energy Services, Inc.
Weir Group PLC
Sulzer Ltd.
Grundfos Holding A/S
The Gorman-Rupp Company
Flowserve Corporation
Atlas Copco AB
Ebara Corporation
Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers, and acquisitions, among other latest developments of these market players.

Read More Reports:

Global Alkaline Battery Market : https://www.expertmarketresearch.com/reports/alkaline-battery-market

Global Air Ambulance Services Market : https://www.expertmarketresearch.com/reports/air-ambulance-services-market

Global Solar Carport Market : https://www.expertmarketresearch.com/reports/solar-carport-market

Global Probiotic Dietary Supplements Market : https://www.expertmarketresearch.com/reports/probiotic-dietary-supplements-market

Global AI-based Fever Detection Camera Market : https://www.expertmarketresearch.com/reports/ai-based-fever-detection-camera-market

Indonesia Industrial Gases Market : https://www.expertmarketresearch.com/reports/indonesia-industrial-gases-market

Global Food Grade Polyvinyl Acetate Market : https://www.expertmarketresearch.com/reports/food-grade-polyvinyl-acetate-market

Global Industrial Control and Factory Automation Market : https://www.expertmarketresearch.com/reports/industrial-control-and-factory-automation-market

Hypervolt plus Cordless Vibration Massager Market : https://www.expertmarketresearch.com/reports/hypervolt-plus-cordless-vibration-massager-market

Lithium Ion Battery Companies : https://www.expertmarketresearch.com/articles/top-lithium-ion-battery-companies

Media Contact:

Company Name: Claight Corporation
Contact Person:  Shira Ellis, Corporate Sales Specialist - U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
LinkedIn:- https://www.linkedin.com/company/expert-market-research

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

This release was published on openPR.