Market Overview:
The global oil-filled submersible motor market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for oil-filled submersible motors from various end-use industries, such as industrial, agricultural, and residential sectors. In addition, the growing demand for energy efficient and reliable electric motors is also contributing to the growth of this market. Based on type, the global oil-filled submersible motor market can be segmented into single phase and three phase submersible motors. The three phase submersible motor segment is expected to hold a major share of the global oil-filled submersible motor market during the forecast period owing to its high efficiency and reliability as compared with single phase motors.
Product Definition:
An oil-filled submersible motor is a type of electric motor that is designed to be used underwater. These motors are typically used in applications where there is a need to move water or other fluids, such as in wastewater treatment plants or hydroelectric power generators.
Single Phase Submersible Motor:
Single-phase submersible motor is used in applications where the depth of water is shallow and speed of operation is required to be constant. It has a wide range of applications in offshore drilling, production storage facilities, pipelines, and other similar operations. Single-phase motors are primarily used for drilling purposes as they provide better efficiency at a lower cost when compared to multi-phase motors.
Three Phase Submersible Moto:
Three phase submersible moto is a type of electric motor used in oil-filled subsurface water motors. It consists of an enclosed magnetic field generated by a coil wound around the rotor which attracts and repells the oil molecules causing it to rotate. The main advantages include low maintenance, high efficiency, less power consumption and compact design are expected to drive market growth over the forecast period.
Application Insights:
The industrial application segment led the global oil-filled submersible motor market in 2017 and is projected to witness significant growth over the forecast period. Rapid urbanization coupled with industrial development in emerging economies such as India, China, South Korea and Japan is expected to drive product demand for this application over the forecast period.
The residential sector was one of the prominent segments that accounted for a share of 11.3% in 2017 owing to rising adoption of energy efficient products by consumers across various regions including North America and Europe. The growing emphasis on reducing electricity bills by using energy efficient products is likely to result in increased penetration rate of OESM across residential applications over the coming years.
Agricultural applications include pumps used for handling chemicals along with other liquids or gases requiring containment such as agricultural water treatment solutions, fermentation tanks processing ethanol etc.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to increasing demand for electricity generation from renewable sources, such as wind and solar. Moreover, technological advancements related to drilling techniques used for oil exploration are expected to increase exploration activities in North America over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising government spending on infrastructure development projects along with increasing investments by foreign players in offshore areas and deep sea drilling operations across countries such as China, India, Indonesia among others are expected drive regional market growth over next eight years.
Growth Factors:
- Increasing demand for oil-filled submersible motors from the power generation sector as a result of growing electricity demand
- Rising investments in renewable energy sources, which is expected to create opportunities for oil-filled submersible motors
- Growing popularity of electric vehicles, which is likely to boost the demand for oil-filled submersible motors over the forecast period
- Proliferation of data centers across the globe, resulting in an increase in the need for cooling systems that use oil-filled submersible motors
- Technological advancements and innovations in product design that are expected to offer better performance and efficiency
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil-Filled Submersible Motor Market Research Report
By Type
Single Phase Submersible Motor, Three Phase Submersible Moto
By Application
Industrial, Agricultural, Residential, Others
By Companies
Franklin Electric, Grundfos, Flowserve, Faradyne Motors, Andritz Group, General Electric, Shakti Pumps, Pedrollo, Sumoto, Lubi Pumps, Franklin Electric, Hitachi, Ingeteam
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
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Oil-Filled Submersible Motor Market Report Segments:
The global Oil-Filled Submersible Motor market is segmented on the basis of:
Types
Single Phase Submersible Motor, Three Phase Submersible Moto
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
Industrial, Agricultural, Residential, 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:
- Franklin Electric
- Grundfos
- Flowserve
- Faradyne Motors
- Andritz Group
- General Electric
- Shakti Pumps
- Pedrollo
- Sumoto
- Lubi Pumps
- Franklin Electric
- Hitachi
- Ingeteam
Highlights of The Oil-Filled Submersible Motor 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:
- Single Phase Submersible Motor
- Three Phase Submersible Moto
- By Application:
- Industrial
- Agricultural
- Residential
- 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 Oil-Filled Submersible Motor 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Oil-filled submersible motors are used in a variety of applications, such as water pumps and irrigation systems. They are also used in industrial processes, such as oil refineries and chemical plants.
Some of the major players in the oil-filled submersible motor market are Franklin Electric, Grundfos, Flowserve, Faradyne Motors, Andritz Group, General Electric, Shakti Pumps, Pedrollo, Sumoto, Lubi Pumps, Franklin Electric, Hitachi, Ingeteam.
The oil-filled submersible motor 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 Oil-Filled Submersible Motor 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 Oil-Filled Submersible Motor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oil-Filled Submersible Motor 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 Oil-Filled Submersible Motor 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 Oil-Filled Submersible Motor Market Size & Forecast, 2018-2028
4.5.1 Oil-Filled Submersible Motor Market Size and Y-o-Y Growth
4.5.2 Oil-Filled Submersible Motor Market Absolute $ Opportunity
Chapter 5 Global Oil-Filled Submersible Motor 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 Oil-Filled Submersible Motor Market Size Forecast by Type
5.2.1 Single Phase Submersible Motor
5.2.2 Three Phase Submersible Moto
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Oil-Filled Submersible Motor 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 Oil-Filled Submersible Motor Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Agricultural
6.2.3 Residential
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil-Filled Submersible Motor 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 Oil-Filled Submersible Motor 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 Oil-Filled Submersible Motor Analysis and Forecast
9.1 Introduction
9.2 North America Oil-Filled Submersible Motor 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 Oil-Filled Submersible Motor Market Size Forecast by Type
9.6.1 Single Phase Submersible Motor
9.6.2 Three Phase Submersible Moto
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 Oil-Filled Submersible Motor Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Agricultural
9.10.3 Residential
9.10.4 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 Oil-Filled Submersible Motor Analysis and Forecast
10.1 Introduction
10.2 Europe Oil-Filled Submersible Motor 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 Oil-Filled Submersible Motor Market Size Forecast by Type
10.6.1 Single Phase Submersible Motor
10.6.2 Three Phase Submersible Moto
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 Oil-Filled Submersible Motor Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Agricultural
10.10.3 Residential
10.10.4 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 Oil-Filled Submersible Motor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Oil-Filled Submersible Motor 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 Oil-Filled Submersible Motor Market Size Forecast by Type
11.6.1 Single Phase Submersible Motor
11.6.2 Three Phase Submersible Moto
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 Oil-Filled Submersible Motor Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Agricultural
11.10.3 Residential
11.10.4 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 Oil-Filled Submersible Motor Analysis and Forecast
12.1 Introduction
12.2 Latin America Oil-Filled Submersible Motor 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 Oil-Filled Submersible Motor Market Size Forecast by Type
12.6.1 Single Phase Submersible Motor
12.6.2 Three Phase Submersible Moto
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 Oil-Filled Submersible Motor Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Agricultural
12.10.3 Residential
12.10.4 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) Oil-Filled Submersible Motor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Oil-Filled Submersible Motor 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) Oil-Filled Submersible Motor Market Size Forecast by Type
13.6.1 Single Phase Submersible Motor
13.6.2 Three Phase Submersible Moto
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) Oil-Filled Submersible Motor Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Agricultural
13.10.3 Residential
13.10.4 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 Oil-Filled Submersible Motor Market: Competitive Dashboard
14.2 Global Oil-Filled Submersible Motor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Franklin Electric
14.3.2 Grundfos
14.3.3 Flowserve
14.3.4 Faradyne Motors
14.3.5 Andritz Group
14.3.6 General Electric
14.3.7 Shakti Pumps
14.3.8 Pedrollo
14.3.9 Sumoto
14.3.10 Lubi Pumps
14.3.11 Franklin Electric
14.3.12 Hitachi
14.3.13 Ingeteam
