Oil & Gas and Agricultural Industries to Create Growth Opportunities for the Submersible Pump Market – Fact.MR Study

Key Segments Covered

• Product

  • Borewell Submersible Pumps
  • Non-Clog Submersible Pumps
  • Open Well Submersible Pumps

• Head Type

  • Submersible Pumps Below 50 mm
  • Submersible Pumps  between 50-100 mm
  • Submersible Pumps Above 100 mm

• Application

  • Submersible Pumps  for Agriculture
  • Submersible Pumps  for Construction
  • Submersible Pumps  for Fire Fighting
  • Submersible Pumps  for Water & Wastewater Treatment
  • Submersible Pumps  for Mining
  • Submersible Pumps  for Oil & Gas
  • Submersible Pumps  for Other Industrial Applications

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Submersible Pump Market- Scope of Report

A recent study by Fact.MR on the submersible pump market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering submersible pumps.

The study also provides the dynamics responsible for influencing the future status of the submersible pump market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the submersible pump market, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of submersible pumps across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of submersible pump during the forecast period. Price point comparison by region with global average price is also considered in the study.

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of value (US$) and volume (units). A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report.

Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global submersible pump market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the submersible pump market during the forecast period.

Country-specific valuation on demand for submersible pump has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for emerging countries has also been included in the report.

In-depth Analysis on Competition Analysis

The report sheds light on leading manufacturers of submersible pump, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering submersible pump has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Key Takeaways of Submersible Pump Market Study:

• The global submersible pump market is expected to grow at a sluggish CAGR of 3.3% in terms of volume and it is anticipated to expand 1.4X from 2020 through 2030.
• Borewell submersible pumps will hold the maximum share in terms of value and are projected to create an absolute dollar opportunity of US$ 1.7 billion during the forecast period.
• Submersible pumps with head above 100 meters are expected to grow at a CAGR of 3.8% in terms of value, and are slated to gain 73 BPS on their market share by the end of the forecast period.
• By application, mining is projected to account for a majority share in terms of value, and will create an absolute $ opportunity of more than US$ 1.8 billion during the forecast period.
• Europe is forecast to hold maximum share in terms of value. The region is expected to lose 160 BPS from its market share in terms of value by the end of forecast period.

“The outbreak of COVID-19 will leave an unprecedented impact on the global submersible pump market as demand for its myriad applications witness a decline. However, as the global business economy rebounds post-pandemic, the market is poised to witness significant opportunity” says the Fact.MR analyst.