Pune, India -- (SBWIRE) -- 08/31/2018 -- Submersible Pumps Market Overview:-

Electrical Submersible Pumps are Low maintenance, small sized hence portable and highly efficient in terms of output. And these very factors not only make ESPs popular but also drive the ESP market. The demand for submersible pumps from agriculture and wastewater treatment industries is expected to remain significant throughout the forecast period. Development of new sources of safe drinkable water and small and medium scale industrial development are further expected to push the demand for submersible pumps over the forecast period 2017-2027. The highly competitive Market of ESPs promises a good fortune in the years to (2017-2027).

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

Get Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/1351

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.

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.

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.

Electric Submersible Pumps Market - Segments

Global Electric Submersible Pumps Market is segmented in to 3 Key dynamics for an easy grasp and enhanced understanding.

Segmentation By Well Type : Comprises - Land and Offshore`.

Segmentation By Components : Comprises - Power Cables, Multi staged Centrifugal Pump, and Three Phase Induction Motors

Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Access Complete Report @ https://www.marketresearchfuture.com/reports/submersible-pumps-market-1351

Electric Submersible Pumps Market – Regional Analysis

North America is the leading region for this market mainly due to increased offshore exploration activities. Technological development and increasing demand for Oil & Gas has also significantly contributed to the high demand in the North American region. Asia-Pacific and Europe are other leading regions due to the increasing production from matured oil fields in this region.

Chinese players of ESP Market are offering comparatively low price; this well planned move is challenging