Global Submersible Pump Market Growth 2023-2029

Global Submersible Pump Market Growth 2023-2029

Electrical Submersible Pumps (ESP) are one of the most reliable and efficient ways to lift fluids to the surface, both oil and water. As the name suggests, it is submerged into the reservoir fluids and pushes the fluid to the surface. The ESP pumps can be designed to handle fluids of up to 60,000 b/d and cover various well conditions and production profiles, and generally a low cost solution for high volumes of lifting.
LPI (LP Information)' newest research report, the “Submersible Pump Industry Forecast” looks at past sales and reviews total world Submersible Pump sales in 2022, providing a comprehensive analysis by region and market sector of projected Submersible Pump sales for 2023 through 2029. With Submersible Pump sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Submersible Pump industry.
This Insight Report provides a comprehensive analysis of the global Submersible Pump 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 Pump portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Submersible Pump market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Submersible Pump 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 Pump.
The global Submersible Pump market size is projected to grow from US$ 7701.8 million in 2022 to US$ 13730 million in 2029; it is expected to grow at a CAGR of 13730 from 2023 to 2029.
Europe is the largest Submersible Pump market with about 28% market share. China is follower, accounting for about 26% market share.The key manufacturers are Grundfos Group, KSB Group, Wilo, Xylem, Tsurumi, DAB pump, Ebara Corporation, Pedrollo S.p.a, Franklin Electric Co., Inc, Sulzer AG, SHIMGE, Kirloskar, Dongyin, Suprasuny, C.R.I PUPMS (Shanghai) Co.,Ltd, Saer Elettropompe S.p.a, Dafu, Yanshan Pump etc. Top 3 companies occupied about 17% market share.
This report presents a comprehensive overview, market shares, and growth opportunities of Submersible Pump market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Plastic Submersible Pump
Cast Iron Submersible Pump
Stainless Steel Submersible Pump
Segmentation by application
Civil and Commercial Application
Agricultural Application
Industrial Application
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.
Grundfos Group
KSB Group
Wilo
Xylem
Tsurumi
DAB pump
Ebara Corporation
Pedrollo S.p.a
Franklin Electric Co., Inc
Sulzer AG
SHIMGE
Kirloskar
Dongyin
Suprasuny
C.R.I PUPMS (Shanghai) Co.,Ltd
Saer Elettropompe S.p.a
Dafu
Yanshan Pump
Key Questions Addressed in this Report
What is the 10-year outlook for the global Submersible Pump market?
What factors are driving Submersible Pump market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Submersible Pump market opportunities vary by end market size?
How does Submersible Pump 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.