May 25, 2018   SOURCE: BusinessWire

Global Submersible Pump Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com

The "Global Submersible Pump Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The major consumers of the submersible pumps are water and wastewater sector, oil & gas industry, mining industry, and agriculture industry. The slow growth of agriculture sector is expected to restrain the market during the forecast period.

The global population growth rate is expected to decline during the forecast period, which in turn is expected to decrease the demand for agriculture products. Furthermore, the cost of the fertilizers is growing. Many countries, particularly developed countries in Europe, due to concerns over air pollution, have put in place stricter regulations on the use of fertilizers, which in turn has hampered the agricultural production.

The oil & gas production in the two major oil producing regions in the United States, Permian Basin of Texas and Gulf of Mexico, registered a CAGR of about 13.5%, during the 2014-17 period. The US government also announced that it plans to open almost all the US waters for exploration & production activity in the coming years. The offshore industry contributes heavily to the market, due to the requirements of a large number of sophisticated submersible pumps. Canada is expected to experience increasing investments in the oil & gas industry.

In 2016, India was the third-largest producer of coal and crude steel in the world. The country has the fifth-largest coal reserve in the world. India allows 100% foreign direct investment (FDI) in the mining industry. In recent years, the Government of India has introduced policies to encourage mining activities. Vedanta Resources PLC has announced its plan to invest USD 9 billion in India's mining industry.

Companies Mentioned

  • Baker Hughes A GE Co
  • Schlumberger Limited
  • Halliburton Company
  • Weir Group PLC
  • Sulzer AG
  • Grundfos Group
  • The Gorman-Rupp Co
  • Flowserve Corp
  • Atlas Copco AB
  • Ebara Corporation
  • Weatherford International Inc.
  • ITT Inc.
  • Franklin Electric Co.

Key Topics Covered:

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Value Chain Analysis

6. Industry Attractiveness - Porter's Five Forces Analysis

7. Market Segmentation and Analysis

8. Regional Market Analysis

9. Key Company Analysis

10. Competitive Landscape

11. Disclaimer

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