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Global Submersible Pumps Market By Capacity (Low, Medium, High), By Pump Type (Effluent Pumps, Bilge Pumps, Others), By Well Type (Bore Well, Open Well), By Drive Type, By Head, By End User, By Region–Forecast & Opportunities to 2026

The global submersible pump market accounted for a value of USD 10.1 billion in 2019. Submersible pump market projected to register growth at a CAGR of 5.0% during forecast period.

COVID-19 has impacted all the businesses over the globe. The manufacturing facilities have to shut down due to lockdown. The supply chain of raw material and finished products is disrupted due to travel restriction. The demand for the submersible pump has been declined across end users due to slow market growth of such users.  The submersible pump market is estimated to witness decline in growth due to COVID-19.

Definition:

Submersible pumps are utilized for pumping fluids when submerged in oil wells. A series of impellers used in this pump which push the fluids progressively towards top. These pumps are more efficient than jet pumps as they push fluids whereas jet pumps pull fluids.

Market Dynamics (Drivers/Opportunities):

Agriculture is a very vital sector for all the regions and they are focusing on expanding this sector to cultivate and harvest edible goods for consumption of its nation and for exports. Many countries are adopting different technologies. The adoption and demand for submersible pumps are increasing in agriculture sector. This drives growth in submersible pumps during forecast period.

The rising water contamination and depletion is a major concern for all the regions over globe. Governments and some private organizations across the world are adopting various technologies and measures to treat discharged water so that it can be reused. Various initiatives have been adopted by government to minimize or stop the mixing of waste water into mainstreams. For avoiding mixing and treating water from discharge, the submersible pumps are used. This drives growth in submersible pumps market during forecast period.

Market Insights, by Capacity Analysis

On the basis of capacity analysis, the submersible pump market is segmented into low, medium and high capacity. The medium capacity segment is estimated to hold largest market share during forecast period. It has better applicability to various sectors such as agricultural, firefighting, irrigation and commercial. The high adoption and demand for medium capacity pumps is likely to drive growth in medium capacity submersible pump segment during forecast period.

Market Insights, by Pump Type

On the basis of pump type, the submersible pump market is segmented into electric submersible pumps, effluent pumps, bilge pumps, grinder pumps and others. The electric submersible pumps segment is estimated to hold highest share during forecast period.  The adoption of this pump is increasing across the globe due to growing number of oil & gas wells. The energy demand is also increasing in the world. This drives growth in submersible pumps market during forecast period.

Market Insights, by End-User

On the basis of end-user, the submersible pump market is segmented into residential & commercial, water & wastewater, chemicals, oil & gas, agriculture, mining, construction and others. The water & wastewater segment is estimated to hold largest market share during forecast period. The government has introduced various policies and norms for treating waste water. The installation and operation of such pumps is easy and convenient. The adoption of submersible pumps is high in water and wastewater. This drives growth in submersible pumps segment during forecast period.

Regional Insights

Asia-Pacific is estimated to hold largest market share during forecast period. The consumption of energy has been increased in this region which increased production of hydrocarbons reserved. The major developing countries such as Australia, India, China and Japan are adopting new and efficient technologies in various sectors. The rapid industrialization leads to high consumption of energy in these regions. This drives growth in Asia-pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in submersible pumps industry are Caprari, Grundfos, Hitachi, Tsurumi Pump, Multiquip Inc., Quad Kunststoffapparatebau GmbH, KSB Company, Zoeller Company, Oddesse Pumpen-Und Motorenfabrik GmbH, Oddesse Pumpen-Und, Kirlosker Brothers, Xylem Inc., Homa Pumpenfabrik, Weatherford, Crompton Greaves Consumer Electricals, Zuwa-Zumpe GmbH, Pedollo S.P.A. and Sulzer. The key players are focusing on technological advancement and delivering efficient products. Many mergers, partnership, acquisition and joint ventures strategies adopted by various companies to strengthen their market position.

Segments Covered in the Report

This report forecasts The Global Submersible Pump Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global submersible pumps market report on the basis of pump type, capacity analysis, head, well type, drive type and end-users.

Submersible Pump Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Submersible Pump Market, By Capacity, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Low Capacity
  • Medium Capacity
  • High Capacity
  1. Submersible Pump Market, By Pump Type , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Electric Submersible Pumps
  • Effluent Pumps
  • Bilge Pumps
  • Grinder Pumps
  • Others
  1. Submersible Pump Market, By Well Type , Market Size & Forecast To 2026
    • Introduction
    • Bore Well
    • Open Well
  2. Submersible Pump Market, By Drive Type , Market Size & Forecast To 2026
    • Introduction
    • Electric
    • Hydraulic
    • Other
  3. Submersible Pump Market, By Head , Market Size & Forecast To 2026
    • Introduction
    • Below 50m
    • 50m- 100m
    • Above 100m
  4. Submersible Pump Market, By End User, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Residential & Commercial
  • Water & Wastewater
  • Chemicals
  • Oil & Gas
  • Agriculture
  • Mining
  • Construction
  • Others
  1. Submersible Pump Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Capacity Analysis
    • By Pump Type
    • By Drive Type
    • By Well Type
    • By Head
    • By End-User
    • By Country
      • USA
        • By End-User
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Capacity Analysis
      • By Pump Type
      • By Drive Type
      • By Well Type
      • By Head
      • By End-User
      • By Country
        • Brazil
          • By End-User
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Capacity Analysis
        • By Pump Type
        • By Drive Type
        • By Well Type
        • By Head
        • By End-User
        • By Country
          • UK
            • By End-User
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Capacity Analysis
          • By Pump Type
          • By Drive Type
          • By Well Type
          • By Head
          • By End-User
          • By Country
            • China
              • By End-User
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Capacity Analysis
            • By Pump Type
            • By Drive Type
            • By Well Type
            • By Head
            • By End-User
            • By Country
              • Saudi Arabia
                • By End-User
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Sulzer
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Caprari
    • Grundfos
    • Hitachi
    • Tsurumi Pump
    • Multiquip Inc.
    • Quad Kunststoffapparatebau GmbH
    • KSB Company
    • Zoeller Company
    • Oddesse Pumpen-Und Motorenfabrik GmbH
    • Kirlosker Brothers
    • Xylem Inc.
    • Homa Pumpenfabrik
    • Weatherford
    • Crompton Greaves Consumer Electricals
    • Zuwa-Zumpe GmbH
    • Pedollo S.P.A.
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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