Global Submersible Motors Market Growth 2023-2029

Global Submersible Motors Market Growth 2023-2029

A submersible pump, also called an electric submersible pump, is a pump that can be fully submerged in water. The motor is hermetically sealed and close-coupled to the body of the pump.

LPI (LP Information)' newest research report, the “Submersible Motors Industry Forecast” looks at past sales and reviews total world Submersible Motors sales in 2022, providing a comprehensive analysis by region and market sector of projected Submersible Motors sales for 2023 through 2029. With Submersible Motors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Submersible Motors industry.

This Insight Report provides a comprehensive analysis of the global Submersible Motors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Submersible Motors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Submersible Motors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Submersible Motors and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Submersible Motors.

The global Submersible Motors market size is projected to grow from US$ 1614.5 million in 2022 to US$ 2043.5 million in 2029; it is expected to grow at a CAGR of 2043.5 from 2023 to 2029.

Global submersible motors key players include Franklin Electric, Grundfos, Flowserve, Faradyne Motors, etc. Global top 2 manufacturers hold a share over 42%. Europe is the largest market, with a share over 28%.

This report presents a comprehensive overview, market shares, and growth opportunities of Submersible Motors market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Single Phase Submersible Motors
Three Phase Submersible Motors

Segmentation by application
Industrial
Agricultural
Residential
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Franklin Electric
Grundfos
Flowserve
Faradyne Motors
Andritz Group
General Electric
Shakti Pumps
Pedrollo
Sumoto
Lubi Pumps
Baldor Electric
Hitachi
Ingeteam
Caprari
Aote Pump
Zhenda Pump
ABB

Key Questions Addressed in this Report

What is the 10-year outlook for the global Submersible Motors market?

What factors are driving Submersible Motors market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Submersible Motors market opportunities vary by end market size?

How does Submersible Motors break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.