Submersible Pumps Market Is Projected to Record a CAGR of 5.0% Through 2029
According to a new study of Future Market Insights (FMI), the submersible pumps sales in 2018 closed in on 9,300 thousand units, and is estimated to record a Y-o-Y growth at 4.0% in 2019. Growth of the submersible pumps market remains influenced by various factors, ranging from growing government investments in water and wastewater treatment, to increasing number of onshore and offshore oil exploration and production activities.
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