Worldwide Submersible Pumps Market forecast to 2023 explored in latest research| Ozone Market Reports
Ozone Market Reports projects that the Submersible Pumps market size will grow from USD 10.68 Billion in 2017 to USD 14.90 Billion by 2023, at an estimated CAGR of 5.7%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
Industrial sector is expected to have the largest application for submersible pumps and is expected to have about 73% of the market share by year 2023. Major areas where the submersible pumps find applications in the industrial sector are in the wastewater, sewage treatment & other effluent management activities, draining out water from holes during mining & construction activities, dewatering purpose in case of flood and other related calamities, providing reliable source of water to process industries that requires continuous supply of water for operation and so on.
By Market Players:
Xylem Inc. , Sulzer AG , KSB Group , Grundfos Group , Ebara Corporation , Atlas Copco AB , Flowserve Corporation , General Electric Company , Halliburton Company , The Gorman-Rupp Company , Tsurumi Manufacturing Co., Ltd. , Wilo SE , ITT Goulds Pumps , Toyo Denki Industrial Co., Ltd. , Walrus Pump Co., Ltd., , , , ,
Openwell , Borewell, , ,
Single Stage , Multistage, , ,
Industrial Sector , Agriculture Sector , Domestic Sector, ,
By Power Rating
Low Power , Medium Power , High Power, ,
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Points Covered in The Report:
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