Submersible Pump Market
Submersible Pump Market - Global Industry Assessment & Forecast
#
Pages:
180
2022
Oct - 2023
VMR-VMR-2021-1076
Segments Covered
By
Type Electrical, Hydraulic, Air-Driven
-
By
Application Open Pit, Borewell
-
By
Operation Single-stage, Multi-stage
-
By
power-rating Below 1HP, 1-5 HP, 5-15 HP, Above 15 HP
-
By
Sector Industrial, Agricultural, Domestic
-
By
Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 11.95 Billion |
 Revenue 2030:
|
USD 12.8 Billion |
 Revenue CAGR
(2023 - 2030): |
7.20% |
Fastest Growing Region (2023 -
2030)
|
North America |
Largest Region (2022):
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: Submersible Pump Market by Type by Application by Operation by power-rating by Sector by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
Data Triangulation and Market Size Estimations
FAQ
Frequently Asked Question
What is the global demand for Submersible Pump in terms of revenue?
-
The global Submersible Pump valued at USD 11.95 Billion in 2022 and is expected to reach USD 12.8 Billion in 2030 growing at a CAGR of 7.20%.
Which are the prominent players in the market?
-
The prominent players in the market are Baker Hughes Co., Schlumberger Limited, Halliburton Co., Weir Group PLC, Sulzer AG, Grundfos Group, The Gorman-Rupp Company, Flowserve Corporation, Atlas Copco AB, Ebara Corporation, Borets International Ltd, ITT Goulds Pumps, Franklin Electric Co. Inc., KSB AG.
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 7.20% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Submersible Pump include
- Rapid Recovery in the Oil and Gas and Mining Industries
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Submersible Pump in 2022.
