Submersible pump market is anticipated to grow at a CAGR of 6.5% during the forecast period. The presence of submersible pump market players such as Atlas Copco UK Holdings, C.R.I. Pumps Pvt Ltd., Flowserve Corp., and others across the globe is the major factor driving the growth of the market. Key players are inclined to launch new products to stay competitive in the market. For instance, in September 2019, Atlas Copco UK Holdings launched three electric submersible pumps named WEDA S30, WEDA S60, and WEDA D80. The pumps are specifically designed for drainage and sludge pumping applications. The WEDA S30 and S60 are sludge/trash pumps and WEDA D80 is a drainage pump. The WEDA S30 and S60 sludge pumps can handle thick, soft, wet mud in addition to other similarly viscous mixtures of liquids and solids, especially the product of an industrial or refining process. The WEDA S30 features a rated power of 3 horsepower (hp) with a weight of 55 pounds, whereas The WEDA S60 has a rated power of 9.2 hp with a weight of 143 pounds. Additionally, the WEDA D80 drainage pump is designed to handle clean or dirty water on construction sites, in manholes, and industrial pits with a very low risk of clogging. The pump can also handle pH values between 5 to 8 and can pass through small solids up to nearly a half inch. It features a rated power of 31 hp and a weight of 400 pounds.
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The global submersible pump market is segmented based on the type, application, and sector. Based on the type, the market is sub-segmented into electrical, hydraulic, and air-driven. Based on the application, the market is divided into an open pit and a borewell. Based on the sector, the market is further sub-segmented into industrial, agricultural, and domestic. Among these, the open pit sub-segment is expected to hold a considerable share in the market due to the rise in the water supply and treatment sector and mining and construction industries, which increases the demand for open pit submersible pumps during the forecast period.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Submersible Pump Market Report Segment
By Type
- Electrical
- Hydraulic
- Air-Driven
By Application
- Open Pit
- Borewell
By Sector
- Industrial
- Agricultural
- Domestic
Global Submersible Pump Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global submersible pump market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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