Submersible pumps are devices whose entire assembly is submerged in the fluid to be pumped. They are usually referred to as Electrical Submersible Pumps (ESPs). They operate by pushing, rather than pulling, water during its pumping process and are featured as single stage or multiple stages. Each stage of a submersible pump consists of a motor in a casing, closed with mechanical seals to prevent leakage. The motor is connected to a cable that generates power to run the motor, and the casing extends to some sort of pipe or hose leading to the surface. Submersible pumps can be connected to different types of pipes, flexible hoses or wires, depending on the job and the liquid being pumped.
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Important key components of submersible pump are as follows:
• Abundant resources and deposits of energy and water
• Increase in the demand for energy and water
• Wide range of industry usage
• Recover energy or water locked from underground, eliminating high costs and wastage
• Produces water and oil with significantly reduced environmental impact compared to other technologies
The increase in urbanization and population and the rise in oil price have put pressure on traditional energy supplies, helping drive the submersible pump market dramatically over the years. The increase in industrialization, lack of alternatives, and maintaining energy and power resources increases the demand for submersible pump.
GLOBAL SUBMERSIBLE PUMP MARKET SHARE (VALUE) ($MILLION), 2022 & 2031
Source: MarketsandMarkets Analysis
p = projected year
The above figure shows the submersible pump market share (value) for various geographies for 2022 and 2031. At present, the Asia-Pacific market is the most dominant with the largest share. The growth of the submersible pump market would be the highest for this region. The developed markets, however, will show a comparatively low growth rate.
Scope of the report: This study estimates the global market of submersible pump by the end of 2031. This market research also provides a detailed qualitative and quantitative analysis of the global submersible pump market. It provides a comprehensive review of the major market drivers, restraints, opportunities, winning imperatives, and key issues of the market.
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On the basis of Application:
On the basis of Industry:
• Energy and Power
• Water and Sewage
• Others (automobile, food, pulp and paper, and textile)
On the basis of geography:
• Middle East and Africa
• North America
• South America
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