SUBMERSIBLE PUMPS MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Rising demand from construction industry

The construction industry has emerged as a key end-user segment driving the sales of submersible pumps. Megaprojects involving dams, bridges, and tunnels require huge amounts of water for activities like cement mixing, concrete casting, and surface treatment. Submersible pumps help contractors easily extract water from nearby sources and pump it directly to the construction site in large volumes through their high discharge rates and abilities to operate even at deep depths. They also find increasing applications in dewatering of excavated areas and management of ground water during foundation laying works.

Recent years have witnessed massive investments in infrastructure development globally, both from government organizations and private players. Rapid urbanization has necessitated projects involving the expansion of road & rail networks, construction of multi-storied buildings, smart cities and urban redevelopments. Even rural areas are witnessing the growth of infrastructure like irrigation canals, rural roads, and electrification projects. All these lead to higher demand for earth-moving and heavy construction machinery that depend on continuous water supply. The growing construction activities therefore drive the significant consumption of submersible pumps capable of handling large throughputs required at busy project sites.