SUBMERSIBLE PUMPS MARKET ANALYSIS

Submersible Pumps Market, By Product Type (Non-clog Submersible, Open Well Submersible, and Bore Well Submersible), By Head Type (Below 50 m 50 m- 100 m, and Above 100 m), By End-Use Industry (Agriculture, Construction & Building Services, Water & Wastewater, Power Generation, Oil & Gas, Chemical, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

In May 2023, Curtiss-Wright Corporation announced a strategic agreement with Shell Exploration & Production Company to design, manufacture, test, and provide operational support for a Subsea Canned Motor Boosting System to be deployed at a Petrobras production field in the Campos Basin, Brazil. This collaboration aims to leverage Curtiss-Wright's canned motor technology as an effective and reliable alternative to current subsea pump technologies, reducing unplanned outages and production interruptions.
In January 2022, Lotte Chemical announced the construction of an ethylene cracker plant in Indonesia, which is expected to have a capacity of 1,000 kilometric tons per annum and begin commercial operations by 2025.
In February 2022, Industrial Flow Solutions, a leading provider of industrial pumping solutions and a portfolio company of May River Capital, announced the acquisition of Dreno Pompe, an Italian designer and manufacturer of high-quality electrical submersible pumps for industrial, municipal, and residential wastewater applications.
In September 2021, Kirloskar Brothers Limited (KBL) introduced the NEO Series 4-in borewell submersible pumps, designed to cater to the needs of rural, domestic, and community water supply markets, including farming, buildings, and construction sectors.