The Global Submersible Pump Market is forecasted to grow by USD 6170.63 mn during 2022
Global Submersible Pump Market 2023-2027. The submersible pump market is forecasted to grow by USD 6170.63 mn during 2022-2027, accelerating at a CAGR of 5.02% during the forecast period.
New York, July 28, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Submersible Pump Market 2023-2027" - https://www.reportlinker.com/p03200297/?utm_source=GNW The report on the submersible pump market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rapid growth in the construction sector, increased demand for wastewater treatment, and growth in shale oil production.The submersible pump market is segmented as below:By Type• Electric• Hydraulic• Air-drivenBy Application• Borewell• OpenwellBy Geographical Landscape• APAC• Europe• North America• Middle East and Africa• South AmericaThis study identifies the growing adoption of IoT in the oil and gas industry as one of the prime reasons driving the submersible pump market growth during the next few years. Also, development of renewable energy-powered submersible pumps and use in artificial lifting solutions will lead to sizable demand in the market.The report on the submersible pump market covers the following areas:• Submersible pump market sizing• Submersible pump market forecast• Submersible pump market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading submersible pump market vendors that include Dharani Pumps and Motors, Dover Corp., EBARA CORP, Havells India Ltd., Kirloskar Brothers Ltd., KSB SE and Co. KGaA, Kubota Corp., Oswal Pumps Ltd., Poul Due Jensens Fond, Samudra Pumps India Pvt. Ltd., Shakti Pumps India Ltd., Shimge Pump Industry Group Co. Ltd., Sulzer Management Ltd., The Gorman Rupp Co., The Weir Group Plc, Tsurumi Manufacturing Co. Ltd., Wacker Neuson SE, Xylem Inc., Zhejiang Doyin Technology Co. Ltd., and Atlas Copco AB. Also, the submersible pump market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.Read the full report: https://www.reportlinker.com/p03200297/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.__________________________The submersible pump market is segmented as below: