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.
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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, ,
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By Power Rating:
Low Power , Medium Power , High Power, ,
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
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