Market Scenario

A submersible pump is a mechanical equipment used for transferring several types of fluid and is largely preferred for agricultural and industrial applications. This pump is vertically submerged under the fluid to be transported and is driven by electric current, operating on the principle of centrifugal force. Several kinds of submersible pumps are available in the market, for serving different purposes.

On the basis of region, the market has been segmented into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific dominates the global submersible pumps market in 2017. High growth in construction industry in Asia Pacific region is the major factor driving the growth of the market. Economic growth in the region has allowed for a greater requirement of institutional and commercial infrastructure spaces. Governments of emerging countries such as China and India are focusing on urbanization, industrialization, and agricultural development, which is expected to drive the demand for submersible pumps in the region. China, India, Japan, and Indonesia are the key contributors in the region. China is expected to dominate revenue share in the Asia Pacific submersible pumps market over the forecast period.

North America is another major region for the submersible pumps market.

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The major factors driving the submersible pumps are the increasing demand for energy, and growing residential and non-residential construction activities in the region. Additionally, various government legislations and policies that aim at protecting the environment also provide further boost to the growth of the market. The U.S. is a major market contributor in global and North America submersible pumps market.

Industry Segmentation

The global submersible pumps market has been segmented based on well type, operation, power rating, end-user, and region.

Based on well type, the market is segmented into open well, and borewell. In 2017, Borewell submersible pump dominates the well type segment of the market. These pumps are also known as bore pump and well pump. It is one of the vital types of submersible pumps, which are used to control water and liquid supply for residential and non-residential purposes. It is designed for borehole and submersible pressure systems, which differ depending upon hole depth. It is mounted horizontally and can be powered by diesel and solar. The borewell submersible pumps segment is estimated to witness robust growth in terms of value and volume over the forecast period. Openwell segments are expected to have a moderate growth rate over the forecast period.

Based on operation, the market has been segmented into single stage, and multi-stage. In 2017, Multi stage submersible pump segment dominates the operation segment of the market. Multi-stage pumps refer to the different stages of pumping in the process of pushing liquid, typically water, through their components. Manufactured in material variants of cast iron, bronze, aluminum bronze or stainless steel, they are common across applications where liquids need to be transported with high pressure. They accomplish this with the use of multiple impellers or stages in the body of the pump. They use numerous impellers to provide an increase in flow or fluid pressure. Single stage submersible pumps segments is expected to contribute significantly over the forecast period.

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Competitive landscape

The submersible pump market is marked with the presence of major global and local vendors. The key players in the market are focusing on product offerings and after-sales services to remain competitive in the market.

Industry News

In April 2017, the Frankenthal based KSB Aktiengesellschaft launched a new series of submersible borehole pumps. The UPAchrom 100 series is designed for water supply and irrigation applications as well as it is designed for use in small systems for drawdown of groundwater levels. It covers discharge heads of up to 550 metres and flow rates of up to 21,500 litres per hour.

Hence, global submersible pumps market is estimated to expand at a CAGR of 5.57% by the end of the forecast period.

Key Players

The key players of the global submersible pumps market are Xylem, Inc. (U.S.), Sulzer AG (Switzerland), KSB Group (Germany), Grundfos Group (Denmark), Ebara Corporation (Japan), Flowserve Corporation (U.S.), and Tsurumi Manufacturing Co., Ltd (Japan). Gorman-Rupp Company (U.S.), General Electric Company (U.S.), WILO SE (Germany), The Weir Group Plc (Scotland), Walrus Pump Co., Ltd. (Taiwan), Atlas Copco AB (Sweden), and Kirloskar Brothers Limited (India) are among others.

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