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Hydraulic Submersible Pumps Market Segmentation by Product (Aluminum, Ductile Iron, and Others); by Impeller (Stainless Steel, and Alloy), and by Application (Industrial, Commercial, Municipal, Dewatering, and Agricultural) – Global Demand Analysis & Opportunity Outlook 2029

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Extensive insights into the Growth of Hydraulic Submersible Pumps Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • August 1, 2017: Ebara Corporation, shipped a double suction single stage vertical suspended submersible motor pump with world-leading output of 3,350 HP for a pump station that supplies water for daily use to Las Vegas, Nevada, U.S.

  • July 2, 2019: One of the leading global water technology company, Xylem, unveiled the new Flygt N3069 stainless steel submersible pump. This pump is designed to offer next-level customization and durability, and to solve the toughest pumping challenges in complex industrial applications.

Introduction to Hydraulic Submersible Pumps

Hydraulic submersible pumps are hydraulic turbine-driven downhole pumps that are used for pumping clean or contaminated water and slurry on building sites, in flooded excavations, in cellars and in wells. In this type of pumps, the impeller at top sets the water in a circular movement, which by centrifugal force creates a cone shaped structure, therefore allowing very little contact between the water and the impeller. Such a compact technology helps largely to reduce the wear and tear of the parts inside the pump as compared to other pump types. Hydraulic submersible pumps are designed for dewatering applications, trash-handling, and for pumping dirty liquids. They also serve the purpose for pumping sewage from digester and holding tanks as well as sewer bypass applications.

Market Size and Forecast

As the advancement in industry infrastructure is growing at a rapid rate, there is a growing need for hydraulic submersible pumps which helps in treating sewage and waste water and also improves the efficiency in water management processes. The global hydraulic submersible pumps market is anticipated to record a robust CAGR over the forecast period, i.e., 2021-2029. The market is segmented by application into industrial, commercial, municipal, dewatering, and agricultural. Based on this, the segment for industrial is anticipated to hold the leading share in the market on account of wide-scale application in industrial usage such as in sewage, wastewater, and other effluent treatment activities, drainage of water from holes in mining & construction activities, and providing continuous supply of water for various processes.

Hydraulic-Submersible-Pump-Market-ShareGrowth Drivers

Huge Demand for Hydraulic Submersible Pumps in Municipalities and Water Management Projects to Boost the Market Growth

According to the United Nations, wastewater treatment plays a major role in meeting the growing demand for water in rapidly expanding cities and in supporting sustainable agriculture. The statistics also stated that 80% of wastewater around the world flowed back into the ecosystem without being treated or reused.

A significant rise in infrastructural developments and urban industrialization globally has resulted in a substantial increase in the requirement of clean and quality water resources by industrial as well as for residential usage, which is raising the need for the deployment of hydraulic submersible pumps. Additionally, on account of rising waste and sewage water, the municipalities are laying emphasis on increasing the capacities of sewage water treatment and drinking water treatment plants. Furthermore, increasing number of deep-water exploration and irrigation activities, strict regulations for wastewater treatment across industries coupled with the government support in several countries is anticipated to significantly expand the hydraulic submersible pumps market. CLICK TO DOWNLOAD SAMPLE REPORT

Flexibility in the Mechanical Characteristics of Hydraulic Submersible Pumps to Drive the Market Growth

The hydraulic submersible pumps help in providing maximum efficiency in pumping different types of materials and are hence widely used to meet various applications such as sewage bypass. Furthermore, this pump is designed to fit through large size manholes and have no suction limitations. They are also well suited for applications where electricity is hazardous and thus are more efficient than constant-speed, generator-driven electric submersibles. Such factors are anticipated to drive the growth of the global hydraulic submersible pump market over the forecast period.

Restraints

High Maintenance and Operation Costs of Hydraulic Submersible Pumps

Despite the advancing technology in pumps, high maintenance and operation costs associated with hydraulic submersible pumps may negatively affect the market growth. Further, there is also a large replacement cost involved in case of motor failure when compared to the conventional ones which is estimated to hinder the growth of the global hydraulic submersible pumps market in the future.

Market Segmentation

Our in-depth analysis of the global hydraulic submersible pumps market includes the following segments:

By Product

  • Aluminum
  • Ductile Iron
  • Others

By Impeller

  • Stainless Steel
  • Alloy

By Application

  • Industrial
  • Commercial
  • Municipal
  • Dewatering
  • Agricultural

By Region

On the basis of regional analysis, the global hydraulic submersible pumps market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market for hydraulic submersible pumps in Asia Pacific is anticipated to hold the largest share in the market on account of the presence of leading market players in the region which manufacture and market hydraulic submersible pumps. Moreover, the advancement in technology and innovation in pumps used in agricultural, industrial, residential and infrastructural development in this region further increases the product demand. Moreover, huge investments made in building city infrastructure, in commercial and domestic water extraction as well as irrigation activities in the region, coupled with the emerging urban development and the expansion in the capacity of water treatment and sewage treatment plants are some of the factors anticipated to raise the demand for hydraulic submersible pumps in the region.

The global hydraulic submersible pumps market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

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