Research and Markets has announced the addition of the "Submersible Pumps Market: Global Industry Analysis and Opportunity Assessment, 2016-2026" report to their offering.

The global market for submersible pumps is likely to register a CAGR of 6.3% in terms of sales revenue during the forecast period (2016-2026).

The global demand for submersible pumps is increasing due to infrastructural development activities worldwide. Governments of developing countries such as China and India are focusing on urbanisation, industrialisation, and agricultural development, which is expected to drive demand for submersible pumps in the region.

Demand for submersible pumps is expected to remain significant from agriculture and wastewater treatment industries throughout the forecast period. Development of new sources of potable water and small and medium scale industrial development are further expected to push the demand for submersible pumps over the forecast period 2016-2026.

Among product types, the borewell submersible pumps segment, followed by the openwell submersible pumps segment is expected to witness a high growth rate over the forecast period.

The global submersible pumps market has been segmented on the basis of product type (Non-clog submersible pump, Openwell submersible pump, Borewell submersible pump), pump head type (Below 50 m, 50 m - 100 m, Above 100 m), and application (Agriculture, Oil & Gas, Construction, Fire Fighting, Mining, Industrial, Non industrial, Others).

The borewell submersible pump segment has been estimated to account for 62.2% market share in terms of revenue by the end of 2016 while the non-clog and openwell submersible pump segments are collectively expected to account for 38.2% share in terms of revenue by 2026. The agriculture and industrial segments have emerged as major segments in the global submersible pumps market in recent years.

Key Players

  • The Weir Group PLC
  • Kirloskar Brothers Limited
  • Xylem Inc.
  • GRUNDFOS
  • Sulzer Ltd.
  • Flowserve Corporation
  • KSB AG
  • Ebara Corporation
  • WILO SE
  • Ruhrpumpen Group

For more information about this report visit http://www.researchandmarkets.com/research/fxg6nv/submersible_pumps