Submersible
pump is a device or equipment that can be fully submerged in water. It
is also known as sub pump or electric submersible pumps (ESP). It is
hermetically sealed & close-coupled to the body of the pump. It pushes
water to the surface by converting rotary energy into kinetic energy and into
pressure energy.
The key advantages are handle solids as well
as liquids, very efficient, never has to be primed, produce less amount of
noise, safe and quiet in water. Besides this, some of the disadvantages are
pump failure cannot notice quickly and high cost.
According to study, “Submersible Pumps Market Research Report: by Industry
(Water & Wastewater, Oil & Gas, Agriculture & Irrigation,
Construction, Mining, Others), by Well Type (Bore Well, Open Well), by
Operation (Multi Stage, Single Stage), by Power Rating (High Power, Medium
Power, Low Power), and Region - Forecast to 2023” the key
companies operating in the submersible pumps market are Grundfos Group, Xylem
Inc., KSB Group, Ebara Corporation, Tsurumi Manufacturing Co. Ltd., The Weir
Group PLC, Atlas Copco AB, Sulzer Ltd., Flowserve Corporation, Halliburton
Company, General Electric Company, The Gorman-Rupp Company, Wilo SE, ITT Goulds
Pumps, Walrus Pump Co., Ltd., Toyo Denki Industrial Co., Ltd.
Based on type, submersible pumps market is
segmented into open-well submersible pump, bore-well submersible pump and
non-clog submersible pump. Based on drive type, market is segmented into
hydraulic type, electric type and others. Based on head, market is segmented
into below 50 m, between 50 m to 100 m and above 100 m. Based on operation type,
market is segmented into single-stage operation and multistage operation. Single
stage pump is used for sewage pumping, drainage, slurry pumping and general
industrial pumping while multiple stage pumps are used for water wells, water
abstraction and in oil wells. Based on power rating, market is segmented into
high power, medium power and low power. Based on application, market is
segmented into agriculture sector, industrial sector and domestic sector. In
addition, based on end-use industry, market is segmented into mining &
construction, energy & power, oil & gas, water & wastewater and
other industries. The oil & gas industry holds largest share owing to rise
in production from wells, increase in capital expenditure, growth in production
of a large amount of wastewater and increase in exploitation of shale reserves.
The submersible
pumps market is driven by growth in urbanized population, followed by rise
in infrastructure investments, high preference of submersible pumps, surge in
mining activities and increase in industrialization. However, high
troubleshooting cost and failure of submersible motors may impact the market.
Moreover, surge in subsea operations and increase in deep water exploration
activities & subsea operations are key opportunities for market.
Based on geography, the Asian-Pacific region
dominates the submersible pumps market, followed by North-American region owing
to rise in government policies and expansion of construction and oil & gas industries
in the region. The European region is expected to witness considerable growth
rate due to rise in investments on the sewage water treatment & drinking
water treatment plant overt he forecast period. It is predicted that future of
the market will be bright on account of expand in the capacity of existing
facilities during the forecast period.
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