Submersible pump is a device or equipment that can be fully submerged in water. It is also known as sub pump or electric submersible pumps (ESP). It is hermetically sealed & close-coupled to the body of the pump. It pushes water to the surface by converting rotary energy into kinetic energy and into pressure energy.
The key advantages are handle solids as well as liquids, very efficient, never has to be primed, produce less amount of noise, safe and quiet in water. Besides this, some of the disadvantages are pump failure cannot notice quickly and high cost.
According to study, “Submersible Pumps Market Research Report: by Industry (Water & Wastewater, Oil & Gas, Agriculture & Irrigation, Construction, Mining, Others), by Well Type (Bore Well, Open Well), by Operation (Multi Stage, Single Stage), by Power Rating (High Power, Medium Power, Low Power), and Region – Forecast to 2023” the key companies operating in the submersible pumps market are Grundfos Group, Xylem Inc., KSB Group, Ebara Corporation, Tsurumi Manufacturing Co. Ltd., The Weir Group PLC, Atlas Copco AB, Sulzer Ltd., Flowserve Corporation, Halliburton Company, General Electric Company, The Gorman-Rupp Company, Wilo SE, ITT Goulds Pumps, Walrus Pump Co., Ltd., Toyo Denki Industrial Co., Ltd.
Based on type, submersible pumps market is segmented into open-well submersible pump, bore-well submersible pump and non-clog submersible pump. Based on drive type, market is segmented into hydraulic type, electric type and others. Based on head, market is segmented into below 50 m, between 50 m to 100 m and above 100 m. Based on operation type, market is segmented into single-stage operation and multistage operation. Single stage pump is used for sewage pumping, drainage, slurry pumping and general industrial pumping while multiple stage pumps are used for water wells, water abstraction and in oil wells. Based on power rating, market is segmented into high power, medium power and low power. Based on application, market is segmented into agriculture sector, industrial sector and domestic sector. In addition, based on end-use industry, market is segmented into mining & construction, energy & power, oil & gas, water & wastewater and other industries. The oil & gas industry holds largest share owing to rise in production from wells, increase in capital expenditure, growth in production of a large amount of wastewater and increase in exploitation of shale reserves.
The submersible pumps market is driven by growth in urbanized population, followed by rise in infrastructure investments, high preference of submersible pumps, surge in mining activities and increase in industrialization. However, high troubleshooting cost and failure of submersible motors may impact the market. Moreover, surge in subsea operations and increase in deepwater exploration activities & subsea operations are key opportunities for market.
Based on geography, the Asian-Pacific region dominates the submersible pumps market, followed by North-American region owing to rise in government policies and expansion of construction and oil & gas industries in the region. The European region is expected to witness considerable growth rate due to rise in investments on the sewage water treatment & drinking water treatment plant overt he forecast period. It is predicted that future of the market will be bright on account of expand in the capacity of existing facilities during the forecast period.
For more information, refer to below link:-
Ankur Gupta, Head Marketing & Communications