TETHERED MANNED SUBMERSIBLE MARKET ANALYSIS
High cost associated with maintenance of tethered manned submersible pumps is one of the major factors restraining growth of the market
The high cost involved in maintenance of tethered manned submersible pumps is one of the major factors restraining growth of the market. Moreover, while extracting fluid from the surface, the motor of the pump fails to operate optimally, which poses as a restraint. Additionally, the cost of repairing is based on the type of pump. For instance, according to Coherent Market Insights analysis, the average cost to repair a sump pump is US$ 485. The final price could range between US$ 110 and US$ 1,000, depending on the extent of the service. Homeowners pay between US$ 293 and US$ 684 for repairs on an average. This factor in turn, is hampering growth of the tethered manned submersible market size.
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