Submersible Pump Market Estimated to Reach $18,914 Million by 2019

The report “Submersible Pump Market by Industry (Chemical, Construction, Energy and Power, Water and Sewage, and Others), by Application (Industrial, Agriculture, and Domestic), and by Geography - Global Trends and Forecasts (2014-2019)” defines and segments the global submersible pump market with an analysis and forecast of the value. The submersible pump market will grow from $14,172 million market size in 2014 to $18,914 million by 2019 at a CAGR of 5.9% from 2014 to 2019.

Browse 70 market data tables and 53 figures spread through 170 pages and in-depth TOC on "Submersible Pump Market by Industry (Chemical, Construction, Energy and Power, Water and Sewage, and Others), by Application (Industrial, Agriculture, and Domestic), and by Geography - Global Trends and Forecasts (2014-2019)

Global demand in the submersible pump is growing with increased requirement for energy and water. The range of applications for these products is increasing in the municipal sector as well as in the industrial sectors of oil and gas, chemicals, power, water, and others. The others include automobile, food, pulp and paper, and textile.

Asia-Pacific holds the largest market share with the most number of activities in energy and power, water and sewage, chemicals, and construction in countries such as China, India, Indonesia Australia, and Japan. The others which includes Malaysia, Thailand, Philippines, and New Zealand is also growing at a fast pace. The increase in the demand for energy and water due to the rise in population in the Asia-Pacific region, along with the types of industry and application, are the major factors behind submersible pumps being produced in these parts of the globe.

The global submersible pumps market has witnessed an attractive growth in the Asia-Pacific region due to the availability of abundant manufacturing units in this area and an increase in the demand for oil and gas and water. The biggest market for submersible pump is held by the Asia-Pacific region amongst Europe, the Middle East and Africa, North America, and South America.

Submersible pumps are widely used in energy and power industry globally. The abundance of oil and gas and the demand for water in regional pockets make it a widely used submersible pump. The energy and power industry has the largest share in the submersible pump market. It is widely used in Asia-Pacific, Europe, North America, and Middle East and Africa where oil and gas fields are largely available as these regions includes countries that have abundant coal and gas reserves and dense population. Submersible pump is also widely used in the South American region in the oil and power industry.

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