NEW YORK, Dec. 29, 2015 /PRNewswire/ -- Global submersible pumps market was valued at USD 8.8 billion in 2014 and is projected to reach USD 12.2 billion by 2020, at a CAGR of 5.4% during the forecast period 2015 to 2020. The report offers detailed analysis of submersible pumps market, with regards to the current scenario and the trends prevailing in the industry. Key segments of submersible pumps market across various regions and countries has been presented in the report with market size estimates and growth forecasts. Factors that drive demand and restrain growth have been identified and analyzed to offer deeper insight into the market. New opportunities with high potential have been highlighted to give a perspective about the future direction of the submersible pumps market. The applications and industries with largest market share have been identified to provide decision-making support for upcoming investments.
The report provides qualitative analysis of the leading players in the submersible pumps market, with a clear insight and analysis of the development strategies used and preferred by them. The report also includes a chronology of developments with respect to contracts and agreements (including joint ventures, collaborations, and partnerships), mergers and acquisitions, new product launches, and expansions. The market dynamics in terms of market drivers, restraints, opportunities, burning issues, and industry trends have also been discussed in detail in the report. Key players including Xylem, Inc. (U.S.), Sulzer AG (Switzerland), KSB Group (Germany), Grundfos Group (Denmark), Ebara Corporation (Japan), and other leading companies in submersible pumps market have been profiled in this report. The company profiles also include SWOT analysis for the major players with the insights from MnM's perspective. Moreover, market share for the top players has been included in the competitive landscape providing a clear picture of the current market scenario.
Asia-Pacific will continue to dominate the submersible pump market throughout the forecast period. Demand in growth has been identified from the Middle East & Africa, and North America submersible pumps market during the forecast period. Industrial sector is likely to drive the demand growth in North America for submersible pumps, particularly from the water & wastewater sector in the U.S., and the new offshore exploration and development activities initiated by Mexico. The market for submersible pumps in the Middle East & Africa will be primarily driven by the huge demand for submersible pumps in oil & gas, as well as the water & wastewater and mining & construction industry.
Scope of the report
This report focuses on the global submersible pumps market, which has been segmented on the basis of type, operation, power rating, application, industry and region.
On the basis of Type
On the basis of Operation
On the basis of Power Rating
On the basis of Application
On the basis of Industry
- Mining & Construction
- Water & Wastewater
- Energy & Power
Note: Others include Pulp & Paper, Chemicals & Pharmaceuticals and Food & Beverage Industries On the basis of Region
- Middle East & Africa
- North America
- South America
Read the full report: http://www.reportlinker.com/p03275040-summary/view-report.html
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