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May 22, 2020 7:00 AM ET

Submersible Pump Market 2020 : Industry Outlook, Top Countries Data, Market Size, Driving Factors by Manufacturers, Growth and Forecast 2026

iCrowd Newswire - May 22, 2020

Submersible Pump Market Research report provides information regarding market size, share, growth, and revenue and forecast 2026.

According to the report, published by Fortune Business Insights, titled “Submersible Pump MarketSize, Share and Industry Analysis, By Capacity (Low, Medium, High), By Pump Type (Electrical Submersible Pumps, Grinder Pumps, Effluent Pumps, Bilge Pumps, Others), By End-User (Residential and Commercial, Water and Wastewater, Mining, Agriculture, Oil and Gas, Chemicals, Construction, Others) and Regional Forecast, 2019-2026” the market size stood at USD 12.95 billion in 2018. The submersible pump market size encompasses a complete assessment of the market. It contains facts, thoughtful insights, historical information, industry-validated market information, and projections with a suitable set of assumptions and methodology. It offers valuable insights into all the notable developments of the market. It shares a complete overview of all the segments and parts of the market and also provides statistical data on all the regions. It is created after extensive research followed by an all-encompassing analysis to benefit companies, stakeholders, financers, and potential investors. Moreover, it also includes product launches, acquisitions, collaborations and partnerships, and industry developments.

The global submersible pump market size is predicted to reach USD 20.58 million by 2026, exhibiting a CAGR of 6.0% during the forecast period.

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The Report Lists the Key Companies in the Submersible Pump Market

Regional Analysis

Rising Mining and Construction Activities to Propel Market in North America

The market in North Americaa generated a revenue of USD 4.22 billion in 2018. The growth in the region is attributed to growing mining and construction activities. Additionally, the rising extraction of hydrocarbons from conventional and unconventional reserves will aid the market in North America. Moreover, the surge in chemical production will also spur opportunities for the market in North America. Likewise, the growing exploration activities for oil and gas will enable growth in the market. Asia Pacific is predicted to grow rapidly owing to the surge in construction industry in the developing countries.

The growing concerns regarding environment will subsequently aid the development of the submersible pump market during the forecast period. Moreover, the rising emphasis regarding wastewater discharges will fuel demand for submersible pump, which in turn will boost the submersible pump market trends. In addition, the growing focus of key players towards enhancing and improving the operational performance of submersible pump will aid expansion of the market during the forecast period. For instance, in May 2019, Caprari, a world leader in pumps and centrifugal electric pumps announced to increase the operational performance of its submersible motor’s portfolio called MAC series. The improvement is achieved by using High Thrust (HT) bearings in the units to increase axial load resistance and durability of the products.

Competitive Landscape

Launch of UPAS 200by KSB Group to Stimulate Market Growth

The KSBGroup, a global supplier of pumps, valves and systems announced that it will unveil of its new UPAS 200 submersible borehole pump, designed for water supply, irrigation, groundwater management and pressure boosting applications, at this year’s IFAT trade fair, which is due on 711 September2020. The announcement of KSBGroup is likely to spur sales opportunities for the submersible pump market owing to its efficiency and hydraulic design, metal casing wear rings and silicon carbide bearings, leading to low energy consumption even when there is high grit contents in the fluid handled.

Furthermore, the rising utilization of submersible pumps oil and gas production will boost the submersible pumps market growth during the forecast period. The surge in exploration actives for oil and gas will spur business opportunities for the market, states our lead analysts at Fortune Business Insights. For instance, in February 2020, the U.S. Energy Information Administration (EIA) projected that the global petroleum and liquid fuel demand is set to increase by over 1.3 billion million barrels per day (BPD) in 2020, resulting in 101.97 BPD by the year-end.

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Major Table of Contents :

1. Introduction2. Executive Summary3. Market Dynamics4. Key Portable Generator Market Insights5. Global Market Analysis, Insights and Forecast, 2015-20266. North America Market Analysis, Insights and Forecast, 2015-20267. Europe Market Analysis, Insights and Forecast, 2015-20268. Asia Pacific Market Analysis, Insights and Forecast, 2015-20269. The Middle East and Africa Market Analysis, Insights and Forecast, 2015-202610. Latin America Market Analysis, Insights and Forecast, 2015-202611. Competitive Landscape12. Global Portable Generator Market Revenue Share Analysis, By Key Players, 202013. Company Profiles14. Conclusion

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An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

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About us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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