Submersible Pump Market by Capacity (Low, Medium, High), by Pump Type (Electrical Submersible Pumps, Grinder Pumps, Effluent Pumps, Bilge Pumps, Others), by End-User (Residential & Commercial, Water & Wastewater, Mining, Agriculture, Oil & Gas, Chemicals, Construction, Others), Forecast 2024-2032
The Submersible Pump Marketsize was valued at USD 12.95 USD Billion in 2023 and is projected to reach USD 18.71 USD Billion by 2032, exhibiting a CAGR of 4.94 % during the forecast period. A submersible pump is a kind of pump used specifically to be put into the fluid especially water for pumping. Some of the various classifications of pumps are centrifugal, axial, and mixed flow which are applicable in varying ranges. Pumps are used widely in domestic as well as in industrial applications because of their effectiveness and usability. Axial pumps are widely used in those applications where high capacity and low pressure are required for instance in flood control equipment. A mixed flow pump is a variant of the centrifugal and the axial pump, designed for operation in medium-head applications such as irrigation. Submersible pumps are completely enclosed with motors that are isolated from the fluid, and most of them are provided with self-controlled mechanisms to work properly. Owing to their reliability and efficiency, they are used in drawing water from the ground, sewage, farming water, and drainage operations.
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The report provides a detailed analysis of the submersible pump market, including:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 4.94% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 4.94% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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