In 2025, a leader of the Curtis-Right Corporation, engineering products and services achieved an important milestone with the collaboration with the Shell Exploration and Production Company. This strategic partnership includes design, production, and operating support for a subcutaneous hermetic motor boosting system, which will be distributed in the production area of Petrabras in Campo's Basin, Brazil. The purpose of this new system is to provide an effective and reliable alternative to current sub-pump technologies, which focus on reducing unplanned power outages and production barriers.
In 2024, Lotte Chemical took a strategic step in the energy and petrochemical fields by announcing the construction of a state-of-the-art ethylene cracker facility in Indonesia. It is expected to start commercial operations in 2025, the plant will have an impressive production capacity of 1000 km per year. This feature will play an important role in strengthening the status of Lotte Chemicals in the global market by increasing the ability to supply petrochemical products with high diversity. This step is especially important as it symbolizes the company's investment in Southeast Asia, which is expected to be a rapidly growing market for chemical products.
In 2024 Industrial Flow Solutions, a leading provider of industrial pumping solutions, of Dreno Pompe, a prominent Italian designer and manufacturer of high-quality electrical submersible pumps. This acquisition announced in February 2022, gives advanced drainage systems for industrial, municipal, and housing applications and significantly increases the possibilities of industrial flow solutions. By bringing Drain Pompes into the fold, the industrial flow solution expands its product supply and strengthens its position in the European market.
In 2023, Kirloskar Brothers Limited (KBL), a leading player in the pump production sector, introduced the NEO series 4-inch Borewell submersible pumps, specially designed for rural, domestic, and community markets. The purpose of this new product chain was to meet the needs of the increasing water supply of agricultural communities, residential buildings, and the construction sector, where reliable water systems are important.
In October 2023, KSB Group launched on the market a new submersible pump in discharge tube with open multi-vane impeller. The type series has been named AmaCan D. Its main application is transporting large volumes of municipal or industrial water as well as waste water from stormwater, drainage and irrigation pumping stations. When selected with optional corrosion-resistant and abrasion-resistant materials the type series can also be used in water pollution and flood control or in seawater aquaculture systems.
Impact of Recent developments in Submersible Pumps Market
The collaboration between Curtiss-Wright and Shell marks a major advancement in subsea boosting technology. By utilizing Curtiss-Wright's canned motor technology, which is a reliable alternative to traditional subsea pump systems, the industry benefits from enhanced operational efficiency. This technology reduces unplanned outages, production interruptions, and maintenance costs, which are crucial factors for offshore oil and gas operations.
The construction of the ethylene cracker plant in Indonesia by Lotte Chemical is a key strategic move that expands the company's manufacturing capacity in Southeast Asia, a rapidly growing region. With a capacity of 1,000 kilometric tons per annum, Lotte Chemical is poised to significantly enhance its ability to supply petrochemical products to the global market.
The acquisition of Dreno Pompe allows Industrial Flow Solutions to significantly expand its product portfolio, particularly in wastewater management. Dreno Pompe’s expertise in electrical submersible pumps adds a new dimension to Industrial Flow Solutions' offerings, enabling them to cater more effectively to industrial, municipal, and residential wastewater applications.
KBL’s introduction of the NEO Series 4-inch borewell submersible pumps addresses critical water supply challenges in rural and semi-urban areas, catering to the needs of farming communities, residential buildings, and construction sectors. These pumps offer energy efficiency and durability, which makes them a reliable solution for water supply in areas with limited infrastructure.
Across all the sectors highlighted, there is a clear emphasis on sustainability—whether it is reducing production downtime in offshore oil operations, lowering energy consumption in water pumping solutions, or improving wastewater management systems. Companies are increasingly integrating energy-efficient and environmentally friendly technologies into their products, aligning with global trends toward sustainability and resource conservation.
According to Coherent Market Insights (CMI), the global Submersible Pump Industry size is set to reach US$19.86 million in 2032. Global Submersible Pump Industry will likely increase at a CAGR of 6.3% during the forecast period.
The partnership between Curtiss-Wright and Shell, along with KBL’s focus on bore well pumps, highlights a growing emphasis on technological advancement in both subsea oil extraction and water management. These industries are innovating to improve efficiency, reliability, and sustainability. Technological improvements such as Curtiss-Wright's subsea canned motor boosting systems and KBL’s energy-efficient pumps are setting new benchmarks for the industry.
Source:
Indianchemicalnews
Ksb
Worldpumps
