The APAC submersible pumps market is projected to grow at a CAGR of 6.4% from 2014 to 2019, to be valued at $18.9 billion.
Dallas, TX -- (SBWIRE) -- 02/12/2015 -- The report "Asia-Pacific Submersible Pump Market by Type (Borewell & Openwell), by Industry (Chemical, Construction, Energy and Power, Water and Sewage, and Others), by Application (Industrial, Agriculture, and Domestic), and by Country - Trends and Forecasts to 2014 - 2019" defines and segments the submersible pumps market in Asia-Pacific with analysis and forecast of volume as well as value. It also identifies the driving forces and restraining factors for the market, highlighting the latest trends and identifying opportunities.
Browse 60 market data tables and 53 figures spread through 165 pages and in-depth TOC on "Asia-Pacific Submersible Pump Market - Trends and Forecasts to 2014 - 2019"
Early buyers will receive 10% customization on this report.
In 2013, China was the single-largest market for submersible pumps in the entire Asia-Pacific region and accounted for a market share of 29.1%. Rising urban population and the consequent demand for water & sewage treatment are the key drivers of the submersible pumps market in Asia-Pacific.
The APAC submersible pumps market is projected to grow at a CAGR of 6.4% from 2014 to 2019, to be valued at $18.9 billion., with increasing demand in major economies such as China, India, and Indonesia. Increasing industrialization is helping in the growth of the demand for submersible pumps in the region.
Speak to analyst:
China is estimated to be the largest market for submersible pumps in Asia-Pacific in 2014, and is expected to dominate till 2019. The key players of the Asia-Pacific submersible pumps market undertake various contracts and agreements (including joint ventures, collaborations, and partnerships) to increase their market share.
The submersible pumps market is primarily driven by increasing urbanization, deepwater exploration activities, and decline in the fresh water resources among others. Submersible pumps have become a pivotal part of the crude production process, contributing to the increasing efficiency of crude oil production. The drivers of the submersible pumps market include increasing deep and ultra-deep offshore drilling activities and the rise in the number of maturing oilfields.
The leading players in the Asia-Pacific submersible pumps market include Baker Hughes Inc. (U.S.), General Electric Company (U.S.), Schlumberger Ltd. (U.S.), Weatherford International Ltd. (Switzerland), Halliburton (U.S.), Grundfos Group (Denmark), Sulzer AG (Switzerland), KSB Group (Germany), and Walrus Pump Co., Ltd. (Taiwan) among others. The market players in the Asia-Pacific submersible pumps market invest in R&D to enhance product efficiency. The companies are penetrating into new geographic territories to take advantage of new opportunities in the fast-growing emerging economies of Asia-Pacific, through joint-ventures, mergers & acquisitions, and partnerships.
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza,
Suite 800, Dallas, TX 75252