Submersible Pumps Market Worth 12.2 Billion USD by 2020

PUNE, India, September 10, 2015 /PRNewswire/ --

The report "Submersible Pumps Market by Well (Open and Bore), By Operation (Single and Multi-stage), by Power Rating, by Application (Industrial, Agricultural, and Domestic), by Industry (Mining & Construction, Energy & Power, Water & Wastewater) & by Region - Global Trends & Forecasts to 2020", published by MarketsandMarkets, The global Submersible Pumps Market is projected to grow at a CAGR of 5.4% from 2015 to 2020, reaching a value of USD 12.2 Billion in 2020.

Browse 77 Tables and 75 Figures spread through 205 Pages and in-depth TOC on "Submersible Pumps Market"

http://www.marketsandmarkets.com/Market-Reports/submersible-pump-market-188587920.html
Early buyers will receive 10% customization on this report.

The market report defines and segments the Submersible Pumps Market with analysis of market size, market share of leading players, and forecast for future trends. It also identifies the driving forces, restraining factors, and challenges for the market, highlighting the latest trends, and identifying opportunities.

Download Free Sample Pages of Report: http://www.marketsandmarkets.com/requestsample.asp?id=188587920

The current and forecasted market size estimations are done considering the latest industry trends, usage pattern of various submersible pumps by the end users, and investments being made in the applicable industries industrial, agricultural and domestic sector around the globe.

The global Submersible Pumps Market is projected to grow at a CAGR of 5.4% from 2015 to 2020, reaching a value of USD 12.2 Billion in 2020. In 2014, Asia-Pacific region was the largest market for submersible pumps and accounted for a market share of about 42% in terms of value. This can be attributed to various factors such as growing urban population, rapid industrialization, and huge investments for infrastructure development in this region. This region also houses the leading developing economies such as China, India, and Indonesia that have huge population and have been exhibiting high economic growth rate.

With investments being made to modernize existing water supply, initiatives taken towards maintaining a proper sewage system, and growing process industries, agriculture as well as domestic sector globally, the demand for submersible pumps bound to increase during the forecast period. India, Indonesia, China, Saudi Arabia, and South Africa are expected to be the high growth avenues for the Submersible Pumps Market. Industrial applications such as water & wastewater treatment, mining, construction and oil production will drive most of the demand for submersible pumps across the globe. Market for submersible pumps used in domestic and commercial scale water extraction will also grow at a steady pace, helped by demand from growing cities with scarce freshwater resources.

Leading players in the global Submersible Pumps Market include Xylem, Inc. (U.S.), Sulzer AG (Switzerland), KSB Group (Germany), Grundfos Group (Denmark), and Ebara Corporation (Japan) among others. Players in the global Submersible Pumps Market make investments in R&D to enhance the efficiency of their products. These companies are expanding into new territories to take advantage of opportunities in the emerging regions such as Asia-Pacific, Middle East & Africa, and South America through joint-ventures, mergers and acquisitions, and partnerships. This will help them to venture into new markets, minimize the risk of company's revenue being concentrated on one single region and help them to sustain even if economic growth is low in some regions.

Browse Related Reports 

Subsea Pumps Market by Type (Helico-Axial, ESP, Centrifugal, Twin-Screw, Hybrid, Counter-Axial), Application (Subsea Boosting, Subsea Injection, Subsea Separation, Subsea Gas Compression), & by Region - Global Trends & Forecast to 2020

http://www.marketsandmarkets.com/Market-Reports/subsea-pumping-systems-market-112518945.html

Motor Control Centers Market by Type (Intelligent & Conventional), Voltage (LV & MV), End User (Industrial & Commercial), & by Component (Circuit Breakers & Fuses, VFD's, Overload Relays, Soft Starters, Bus Bars & Others) - Global Forecast and Trends to 2020

http://www.marketsandmarkets.com/Market-Reports/motor-control-centers-market-227058918.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:

Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets