In recent years, there has been a discernible rise in the quantity of submersible pumps purchased all around the world. This is often the result of increasing activity related to the construction of infrastructure. The increasing rate of urbanization in rising nations such as India and China has contributed to a growth in the demand for submersible pumps all over the world. The United Nations (UN) projects that by the year 2030, around 40.76 percent of India's population will call urban regions their permanent home. The lack of sufficient access to clean drinking water is a significant problem that affects many parts of the world. The governments of several nations are in the process of enacting rules that make it mandatory to recycle and reuse water, particularly in industrial settings. Consequently, the expansion of the worldwide submersible pump market is anticipated to be driven by these factors during the duration of the forecast.
The global Submersible Pump Market was valued at US$ 9,172.5 Mn in 2019 and is forecast to reach a value of US$ 15603.2 Mn by 2027 at a CAGR of 6.10% between 2020 and 2027.
Leading Companies in the Submersible Pumps Industry:
1. Ebara Corporation
Ebara Corporation was founded in 1992 and it’s Tokyo Japan. The company operates in 34 countries.
2. Flowserve Corporation
Flowserve Corporation founded in 1997, and it’s located in Irving, Texas, United States. The company operates in 55 Countries.In 2021 Flowserve developed the Byron Jackson H2O+ submersible pump and motor quick-delivery program
3 GRUNDFOS
GRUNDFOS, was launch in 1945 and it’s headquarter located Bjerringbro, Denmark.it operate over 55 country.
4 Kirloskar Brothers Limited.
Kirloskar Brothers Limited,, was launch in 1988 and it’s headquarter Pune india.it operate over 70 country.In 2020 Indian pump manufacturer, Kirloskar Brothers Limited (KBL) has launched new series of borewell submersible pumps
5 KSB AG.
KSB AG,,was founded 1871, with its headquarters in Frankenthal (Pfalz), Frankenthal, GermanyWith businesses in over 16 countries. In 2018 KSB Limited launches all new 'Aqua Series' pumps in Tamil Nadu and Kerala market .
6. Ruhrpumpen Group
Ruhrpumpen GroupWas launch in 2000. And its headquarter in Karlsruhe, Germany.It operate over 10 country.
7 Sulzer Ltd.
Sulzer Ltd. founded in 1834 and it’s headquarter located Winterthur, Switzerland,It operate over 40 country.
8 The Weir Group plc,
The Weir Group plc, was launch in 1971 and it’s headquarter located United Kingdom. it operate over 50 country.
Definition- Submersible pumps are types of pumps that are submerged into the liquid to be pumped. These pumps offer various benefits including the prevention of cavitation as compared to standard submersible pumps.
