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Global Submersible Pump Market 2017-2021

Global Submersible Pump Market 2017-2021

About Submersible Pump

Submersible pumps are modified standard pumps used for draining liquid. These pumps transfer the liquid from one place to another with a special ability to work with less energy. The pumps remain submerged inside the liquid. Submersible pumps are a special type of centrifugal pumps, which pull in and force out water by allowing a radical flow along their rotating axis to the delivery pipe. These pumps find major applications in sectors where there is a continuous requirement for liquid flow.

Technavio’s analysts forecast the global submersible pump market to grow at a CAGR of 5.98% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global submersible pump market for 2017-2021. To calculate the market size, the report considers new installations, retrofits, replacements, and aftermarket services.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Submersible Pump Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Baker Hughes
  • General Electric (GE)
  • Grundfos
  • Halliburton
  • Schlumberger
Other prominent vendors
  • Borets
  • Ebara
  • Falcon Pumps
  • Flowserve
  • Kirloskar Brothers
  • KSB
  • Lishen Pump
  • Pentair
  • Ruhrpumpen
  • Shengli Pump
  • Sulzer
  • The Weir Group
  • Walrus America
  • WILO SE
  • Xylem
Market driver
  • Increased preference for submersible pumps over jet pumps
  • For a full, detailed list, view our report
Market challenge
  • Monitoring and detection of system failure
  • For a full, detailed list, view our report
Market trend
  • Emergence of renewable energy submersible pumps
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Submersible Pump Market 2017-2021

Technavio recognizes the following companies as the key players in the global submersible pump market: Baker Hughes, General Electric (GE), Grundfos, Halliburton, and Schlumberger.

Other Prominent Vendors in the market are: Borets, Ebara, Falcon Pumps, Flowserve, Kirloskar Brothers, KSB, Lishen Pump, Pentair, Ruhrpumpen, Shengli Pump, Sulzer, The Weir Group, Walrus America, WILO SE, and Xylem.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emergence of renewable energy submersible pumps. Renewable energy submersible pumps can ideally reduce the cost of submersible pumps to zero. These pumps produce maximum efficiency in transporting water in remote areas where there is a scarcity of power.”

According to the report, one driver in the market is increased preference for submersible pumps over jet pumps. Submersible pumps and jet pumps perform the same functions. However, the submersible pumps stand to be more efficient. Unlike jet pumps, submersible pumps use lesser energy to operate. Both, the jet pumps and submersible pumps perform the same function of extracting liquids to the surface. However, submersible pumps are preferred as they do not need suction techniques that are required by jet pumps to pull the liquid. In fact, submersible pumps use direct water pressure to bring the water to the surface.

Further, the report states that one challenge in the market is monitoring and detection of system failure. Submersible pumps are immersed in water, which improves their efficiency. However, this also impacts the machine parts and reduces its lifespan. The pumps are made air tight with the help of seals, but these seals can get corroded with time. This may cause a major issue leading to water leakage. The issue becomes unmanageable because the water leakage cannot be detected at an early stage as the pump remains immersed in water. In addition, seals add to the difficulty during the repairing process.

Companies Mentioned

Baker Hughes, General Electric (GE), Grundfos, Halliburton, Schlumberger, Borets, Ebara, Falcon Pumps, Flowserve, Kirloskar Brothers, KSB, Lishen Pump, Pentair, Ruhrpumpen, Shengli Pump, Sulzer, The Weir Group, Walrus America, WILO SE, and Xylem.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Types of pumps
  • Market landscape
    • Market overview
      • Table Market overview of global submersible pump market
      • Table Global submersible pump market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Market overview
      • Table Global submersible pump market by type 2016 and 2021 (% share)
      • Table Trend of pumps during the forecast period
    • Global borewell submersible pump market
      • Table Global borewell submersible pump market 2016-2021 ($ billions)
      • Table Major applications of borewell submersible pumps
    • Global open well submersible pump market
      • Table Global open well submersible pump market 2016-2021 ($ billions)
      • Table Major applications of open well pumps
  • Market segmentation by operation
    • Market overview
      • Table Global submersible pump market by operation 2016 and 2021 (% share)
      • Table Basic differentiation between multistage and single stage pumps
    • Global multistage submersible pump market
      • Table Global multistage submersible pump market 2016-2021 ($ billions)
    • Global single stage submersible pump market
      • Table Global single stage submersible pump market 2016-2021 ($ billions)
  • Market segmentation by end-user
    • Market overview
      • Table Global submersible pump market by end-user 2016 and 2021 (% share)
    • Global submersible pump market in water and wastewater management
      • Table Global submersible pump market in water and wastewater management 2016-2021 ($ billions)
    • Global submersible pump market in mining and construction
      • Table Global submersible pump market in mining and construction 2016-2021 ($ billions)
      • Table Submersible pump applications in mines
    • Global submersible pump market in petroleum sector
      • Table Global submersible pump market in petroleum sector 2016-2021 ($ billions)
      • Table Global submersible pump market in petroleum sector by operation (%share)
      • Table Global submersible pump market in petroleum sector by onshore application 2016-2021 ($ billions)
      • Table Global submersible pump market in petroleum sector by offshore application 2016-2021 ($ billions)
    • Global submersible pump market in others sector
      • Table Global submersible pump market in others sector 2016-2021 ($ billions)
  • Geographical segmentation
    • Market overview
      • Table Global submersible pump market by geography 2016 and 2021 (% share)
    • Submersible pump market in APAC
      • Table Submersible pump market in APAC 2016-2021 ($ billions)
      • Table World Bank Data of the growth of urbanization
      • Table Contribution of industrialization to the GDP of the countries as per World Factbook
    • Submersible pump market in EMEA
      • Table Submersible pump market in EMEA 2016-2021 ($ billions)
      • Table News related to oil field development in Middle Eastern and Australian countries
    • Submersible pump market in Americas
      • Table Submersible pump market in Americas 2016-2021 ($ billions)
      • Table Major requirement of water management in Americas
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Power reduction techniques of submersible pumps
    • Market challenges
  • Market trends
    • Emergence of renewable energy submersible pumps
      • Table Applications of renewable energy submersible pumps
    • Oil field operations getting easier with IoT
      • Table Impacts of IoT in oil field operations
    • Electrical submersible pumps are basic components in the integrated artificial lift solutions
      • Table Benefits of artificial lift solutions
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other vendors manufacturing submersible pumps
  • Key vendor landscape
    • Baker Hughes
      • Table Benefits of pumps manufactured by Baker Hughes
      • Table Baker Hughes: Product portfolio
    • General Electric (GE)
      • Table GE: Business units
      • Table GE: Product portfolio
    • Grundfos
      • Table Grundfos: Industries served
      • Table Grundfos: Product portfolio
    • Halliburton
      • Table Halliburton: Business divisions
      • Table Halliburton: Product portfolio
    • Schlumberger
      • Table Schlumberger: Business areas
      • Table Schlumberger: Product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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