Market Overview:
The global multistage submersible pump market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for oil & gas, construction, and electronics applications across the globe. Additionally, the growing population and rising income levels are also contributing to the growth of this market. The global multistage submersible pump market is segmented on the basis of type into oil immersed type, water immersed type, and others. The water immersion type segment is expected to dominate the global multistage submersible pump market during the forecast period owing to its high efficiency and low maintenance requirements. On basis of application,the global multistage submersible pumpmarket is divided intooil & gas, construction,, electronics,, military,, agriculture,,and others segments.
Product Definition:
A multistage submersible pump is a centrifugal pump that has multiple impellers mounted on a single shaft. The impellers are usually arranged in stages, with the water passing successively through each one. This type of pump is used to lift water from deep wells or other sources where the pressure is not high enough to operate a standard centrifugal pump.
Oil Immersed Type:
Oil Immersed Type (OI) is a technology used to increase the efficiency of subsea pumps. It involves pumping oil or gas with the help of a rotating impeller, which extracts liquid from one chamber and forces it into another through an orifice. The process reduces losses due to friction and increases the overall throughput by reducing energy required for moving fluid.
The global multistage submersible pump market size was valued at USD 6,10;billion in 2016.
Water Immersed Type:
Water Immersed (WIP) type is used in multistage submersible pump to increase its performance. It works by using moving water as a medium to transmit energy from one or more impellers located at the top of the pump’s casing. The impeller creates a rotating flow of water which drives the overall pump movement and increases its capacity.
Application Insights:
The construction segment is projected to emerge as the fastest-growing application segment over the forecast period. This can be attributed to increasing urbanization and industrial development in emerging economies, such as India and China. In addition, this market is expected to witness significant growth on account of growing infrastructure spending in developed countries including U.S., Canada, Germany and France over the next few years.
The oil & gas industry emerged as one of the prominent users of multistage pumps owing to its extensive offshore projects that require a large number of these pumps for various operations at different depths underwater. The agriculture sector also uses these types of pumps extensively for irrigation purposes on land or when water levels are low during dry seasons across many regions worldwide including Middle East & Africa, Latin America and Asia Pacific among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid developments in oil & gas, construction, electronics and others sectors. Increasing demand for energy across various end-use industries is driving the regional market growth. In addition, rising investments by foreign players for exploration of oil fields are anticipated to drive product demand further.
The Asia Pacific was followed by Europe that accounted for a revenue share of 24% in 2017 owing to high product adoption levels coupled with presence of major industry participants across countries such as Germany, France and U.K.
North America also held a significant share due to growing number of projects using submersible pumps including water-cooled types used in mining applications along with other emerging applications such as wastewater treatment plants.
Growth Factors:
- Increasing demand from water and wastewater management sector
- Rising awareness about the benefits of using multistage submersible pumps
- Growing investments in infrastructure development projects
- Proliferation of smart cities that are conducive to the adoption of advanced pumping technologies
- Technological advancements that result in more efficient and reliable pumps
Scope Of The Report
Report Attributes
Report Details
Report Title
Multistage Submersible Pump Market Research Report
By Type
Oil Immersed Type, Water Immersed Type, Others
By Application
Oil & Gas, Construction, Electronics, Military, Agriculture, Others
By Companies
Sulzer, Kirloskar Brothers, Oddesse Pumpen- Und Motorenfabrik GmbH, KSB, Multiquip, Grundfos, Hitachi America, Xylem, Caprari, Weatherford
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Multistage Submersible Pump Market Report Segments:
The global Multistage Submersible Pump market is segmented on the basis of:
Types
Oil Immersed Type, Water Immersed Type, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Construction, Electronics, Military, Agriculture, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sulzer
- Kirloskar Brothers
- Oddesse Pumpen- Und Motorenfabrik GmbH
- KSB
- Multiquip
- Grundfos
- Hitachi America
- Xylem
- Caprari
- Weatherford
Highlights of The Multistage Submersible Pump Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Oil Immersed Type
- Water Immersed Type
- Others
- By Application:
- Oil & Gas
- Construction
- Electronics
- Military
- Agriculture
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Multistage Submersible Pump Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A multistage submersible pump is a type of pump that can be submerged in water to move fluid. It has multiple stages, or chambers, that can be filled with water and then pumped up to the surface. This type of pump is often used to move oil and gas from wells deep underground.
Some of the major players in the multistage submersible pump market are Sulzer, Kirloskar Brothers, Oddesse Pumpen- Und Motorenfabrik GmbH, KSB, Multiquip, Grundfos, Hitachi America, Xylem, Caprari, Weatherford.
The multistage submersible pump market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Multistage Submersible Pump Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Multistage Submersible Pump Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Multistage Submersible Pump Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Multistage Submersible Pump Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Multistage Submersible Pump Market Size & Forecast, 2018-2028
4.5.1 Multistage Submersible Pump Market Size and Y-o-Y Growth
4.5.2 Multistage Submersible Pump Market Absolute $ Opportunity
Chapter 5 Global Multistage Submersible Pump Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Multistage Submersible Pump Market Size Forecast by Type
5.2.1 Oil Immersed Type
5.2.2 Water Immersed Type
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Multistage Submersible Pump Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Multistage Submersible Pump Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Construction
6.2.3 Electronics
6.2.4 Military
6.2.5 Agriculture
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multistage Submersible Pump Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Multistage Submersible Pump Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Multistage Submersible Pump Analysis and Forecast
9.1 Introduction
9.2 North America Multistage Submersible Pump Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Multistage Submersible Pump Market Size Forecast by Type
9.6.1 Oil Immersed Type
9.6.2 Water Immersed Type
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Multistage Submersible Pump Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Construction
9.10.3 Electronics
9.10.4 Military
9.10.5 Agriculture
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Multistage Submersible Pump Analysis and Forecast
10.1 Introduction
10.2 Europe Multistage Submersible Pump Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Multistage Submersible Pump Market Size Forecast by Type
10.6.1 Oil Immersed Type
10.6.2 Water Immersed Type
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Multistage Submersible Pump Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Construction
10.10.3 Electronics
10.10.4 Military
10.10.5 Agriculture
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Multistage Submersible Pump Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Multistage Submersible Pump Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Multistage Submersible Pump Market Size Forecast by Type
11.6.1 Oil Immersed Type
11.6.2 Water Immersed Type
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Multistage Submersible Pump Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Construction
11.10.3 Electronics
11.10.4 Military
11.10.5 Agriculture
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Multistage Submersible Pump Analysis and Forecast
12.1 Introduction
12.2 Latin America Multistage Submersible Pump Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Multistage Submersible Pump Market Size Forecast by Type
12.6.1 Oil Immersed Type
12.6.2 Water Immersed Type
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Multistage Submersible Pump Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Construction
12.10.3 Electronics
12.10.4 Military
12.10.5 Agriculture
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Multistage Submersible Pump Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Multistage Submersible Pump Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Multistage Submersible Pump Market Size Forecast by Type
13.6.1 Oil Immersed Type
13.6.2 Water Immersed Type
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Multistage Submersible Pump Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Construction
13.10.3 Electronics
13.10.4 Military
13.10.5 Agriculture
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Multistage Submersible Pump Market: Competitive Dashboard
14.2 Global Multistage Submersible Pump Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sulzer
14.3.2 Kirloskar Brothers
14.3.3 Oddesse Pumpen- Und Motorenfabrik GmbH
14.3.4 KSB
14.3.5 Multiquip
14.3.6 Grundfos
14.3.7 Hitachi America
14.3.8 Xylem
14.3.9 Caprari
14.3.10 Weatherford
