Market Overview:
The global industrial submersible pumps 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 submersible pumps in various industries such as chemical, petroleum and natural gas, mining, and others. In addition, the growing awareness about energy-efficient pump solutions is also propelling the growth of this market. Based on type, the global industrial submersible pumps market can be segmented into well submersible pump, submersible sand pump,submerged sewage pump and fountain submerged pump. Among these segments, well Submerged Pump held a dominant position in 2017 and is expected to maintain its dominance throughout the forecast period. This can be attributed to its ability to handle high pressure applications with ease when compared with other types of Submerged Pumps . Based on application ,the global industrial Submerged Pump Market can be segmented into chemical industry ,petroleum & natural gas industry ,mining industryand others .
Product Definition:
An industrial submersible pump is a type of centrifugal pump designed to handle the high-pressure, high-temperature, and corrosive fluid handling requirements of industrial plants. They are commonly used to move process liquids and slurries in chemical, petrochemical, refining, papermaking and other processing plants.
Well Submersible Pump:
Submersible pumps are used to transfer fluids under the surface of the earth. They are mainly used for oil well drilling, sewage treatment, water supply and extraction of minerals from the earth’s crust. The working principle of a submersible pump is based on suction and atmospheric pressure; it works by drawing groundwater or fluid from one level to another through an underground pipe by using a vacuum.
Submersible Sand Pump:
Submersible sand pump is a mechanical device used to move liquid or slurries in mines, oil rigs, and construction sites. It is also used in some civil engineering projects such as the construction of canals and reservoirs. The working principle of these pumps depends on the suction lift generated by the rotating impeller and discharge lift obtained by centrifugal force caused by its rotation.
Application Insights:
The others application segment includes water treatment, agriculture, hydropower generation and civil engineering applications. The demand for the pumps in civil engineering is expected to witness growth owing to the expansion of municipal infrastructure in developing countries such as India and China. In addition, increasing investments by public-private partnerships are anticipated to augment market growth over the forecast period.
The chemical industry accounted for a major share in North America due to factors such as presence of key players with extensive manufacturing facilities coupled with high product demand from other end-use industries such as oil & gas and energy 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 growth in various industries, such as chemical, mining, and petroleum & gas. This can be attributed to increasing population coupled with rising living standards of consumers across emerging economies including China and India.
The demand for industrial submersible pumps in Europe is anticipated to grow at a moderate pace over the forecast period owing to stringent environmental regulations regarding wastewater treatment that are imposed by regional governments. However, growing oil & gas exploration activities across European countries are anticipated to drive product demand during the forecast period.
In North America, UHPC operations have witnessed an increase dueSto favorable government initiatives pertaining towards sustainable energy production from renewable sources such as wind and solar power plants which resulted into increased pressure for efficient water management systems within facilities involved with shale oil extraction process known as hydrofracturing or hydraulic fracturing (fracking).
Growth Factors:
- Increasing demand from water and wastewater management industry
- Rising awareness about the benefits of using industrial submersible pumps
- Growing investments in infrastructure development projects
- Proliferation of new technologies and product innovations
- Expansion of global trade
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Submersible Pumps Market Research Report
By Type
Well Submersible Pump, Submersible Sand Pump, Submersible Sewage Pump, Fountain Submersible Pump
By Application
Chemical Industry, Petroleum and Natural Gas, Mining, Others
By Companies
Schlumberger, Borets, Shengli Pump, Baker Hughe, Halliburton, Canadian Advanced ESP, ...
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Submersible Pumps Market Report Segments:
The global Industrial Submersible Pumps market is segmented on the basis of:
Types
Well Submersible Pump, Submersible Sand Pump, Submersible Sewage Pump, Fountain Submersible Pump
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
Chemical Industry, Petroleum and Natural Gas, Mining, 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:
- Schlumberger
- Borets
- Shengli Pump
- Baker Hughe
- Halliburton
- Canadian Advanced ESP
- ...
Highlights of The Industrial Submersible Pumps 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:
- Well Submersible Pump
- Submersible Sand Pump
- Submersible Sewage Pump
- Fountain Submersible Pump
- By Application:
- Chemical Industry
- Petroleum and Natural Gas
- Mining
- 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 Industrial Submersible Pumps 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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- Correctly Positioning New Products
- Market Entry Strategies
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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?
Industrial submersible pumps are used in a variety of industrial applications, such as water treatment, oil and gas production, and pulp and paper manufacturing. These pumps are designed to operate at high pressures and temperatures, which makes them ideal for use in difficult-to-reach areas.
Some of the key players operating in the industrial submersible pumps market are Schlumberger, Borets, Shengli Pump, Baker Hughe, Halliburton, Canadian Advanced ESP.
The industrial submersible pumps market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Submersible Pumps Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Submersible Pumps Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Submersible Pumps Market - Supply Chain
4.5. Global Industrial Submersible Pumps Market Forecast
4.5.1. Industrial Submersible Pumps Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Submersible Pumps Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Submersible Pumps Market Absolute $ Opportunity
5. Global Industrial Submersible Pumps Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Submersible Pumps Market Size and Volume Forecast by Type
5.3.1. Well Submersible Pump
5.3.2. Submersible Sand Pump
5.3.3. Submersible Sewage Pump
5.3.4. Fountain Submersible Pump
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Submersible Pumps Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Submersible Pumps Market Size and Volume Forecast by Application
6.3.1. Chemical Industry
6.3.2. Petroleum and Natural Gas
6.3.3. Mining
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Submersible Pumps Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Submersible Pumps Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Submersible Pumps Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Submersible Pumps Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Submersible Pumps Demand Share Forecast, 2019-2029
9. North America Industrial Submersible Pumps Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Submersible Pumps Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Submersible Pumps Market Size and Volume Forecast by Application
9.4.1. Chemical Industry
9.4.2. Petroleum and Natural Gas
9.4.3. Mining
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Submersible Pumps Market Size and Volume Forecast by Type
9.7.1. Well Submersible Pump
9.7.2. Submersible Sand Pump
9.7.3. Submersible Sewage Pump
9.7.4. Fountain Submersible Pump
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Submersible Pumps Demand Share Forecast, 2019-2029
10. Latin America Industrial Submersible Pumps Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Submersible Pumps Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Submersible Pumps Market Size and Volume Forecast by Application
10.4.1. Chemical Industry
10.4.2. Petroleum and Natural Gas
10.4.3. Mining
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Submersible Pumps Market Size and Volume Forecast by Type
10.7.1. Well Submersible Pump
10.7.2. Submersible Sand Pump
10.7.3. Submersible Sewage Pump
10.7.4. Fountain Submersible Pump
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Submersible Pumps Demand Share Forecast, 2019-2029
11. Europe Industrial Submersible Pumps Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Submersible Pumps Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Submersible Pumps Market Size and Volume Forecast by Application
11.4.1. Chemical Industry
11.4.2. Petroleum and Natural Gas
11.4.3. Mining
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Submersible Pumps Market Size and Volume Forecast by Type
11.7.1. Well Submersible Pump
11.7.2. Submersible Sand Pump
11.7.3. Submersible Sewage Pump
11.7.4. Fountain Submersible Pump
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Submersible Pumps Demand Share, 2019-2029
12. Asia Pacific Industrial Submersible Pumps Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Submersible Pumps Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Submersible Pumps Market Size and Volume Forecast by Application
12.4.1. Chemical Industry
12.4.2. Petroleum and Natural Gas
12.4.3. Mining
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Submersible Pumps Market Size and Volume Forecast by Type
12.7.1. Well Submersible Pump
12.7.2. Submersible Sand Pump
12.7.3. Submersible Sewage Pump
12.7.4. Fountain Submersible Pump
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Submersible Pumps Demand Share, 2019-2029
13. Middle East & Africa Industrial Submersible Pumps Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Submersible Pumps Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Submersible Pumps Market Size and Volume Forecast by Application
13.4.1. Chemical Industry
13.4.2. Petroleum and Natural Gas
13.4.3. Mining
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Submersible Pumps Market Size and Volume Forecast by Type
13.7.1. Well Submersible Pump
13.7.2. Submersible Sand Pump
13.7.3. Submersible Sewage Pump
13.7.4. Fountain Submersible Pump
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Submersible Pumps Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Industrial Submersible Pumps Market: Market Share Analysis
14.2. Industrial Submersible Pumps Distributors and Customers
14.3. Industrial Submersible Pumps Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Schlumberger
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Borets
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Shengli Pump
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Baker Hughe
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Halliburton
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Canadian Advanced ESP
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ...
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
