The global submersible pumps market size reached US$ 11.0 Billion in 2020 as per the estimates by IMARC Group. Looking forward, the market is projected to reach a value of US$ 16.5 Billion by 2026, registering a CAGR of 6.8% during 2021-2026. The increasing utilization of submersible pumps in the agricultural sector, along with rising investments in the construction industry on account of rapid urbanization and growing global population, is offering lucrative opportunities to key players in the submersible pumps market. These players are focusing on growth strategies, such as mergers and acquisitions (M&A) and partnerships, to expand their consumer base and improve their market foothold across the globe.
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Top Companies in the Submersible Pumps Industry:
Atlas Copco AB
Atlas Copco AB develops, manufactures, and markets generators, vacuum solutions, mining equipment, electric and pneumatic tools, hybrid joining technologies, compressed air equipment and treatment, and other assembly systems.
Headquarters: Texas, United States
Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment across the world. The company offers valves, pumps, and mechanical seals primarily for chemical processing, power generation, water treatment industries, and the refinery and pipeline segments of petroleum.
Grundfos Holding A/S
Grundfos Holding A/S operates as a holding company through its subsidiaries and offers liquid pumps for various industries and applications, including biofuel, automotive, agricultural, beverage production, wastewater, and water utilities. The company supplies pumps to residential, commercial, and industrial customers across the globe.
Headquarters: New York, United States
ITT Inc. produces engineered components and customized technology solutions for industrial end users. The company provides complex pumps to advanced brake pads for intricate connectors. It serves the aerospace, electronics, energy infrastructure, and transportation sectors.
Kirloskar Brothers Limited
Headquarters: Pune, India
Kirloskar Brothers Limited manufactures ploughs, turbines, sluice valves, concrete mixers, machine tools, sugarcane crushers, power-driven pumps, iron and steel castings, and agricultural implements. The company provides its customers with finite element modeling and computational fluid dynamics packages for hydraulic analysis. It also supplies several turnkey mini-hydel power projects.
KSB SE & Co. KGaA
KSB SE & Co. KGaA designs and manufactures pumps and valve systems. The company offers heating pumps, and water treatment, flood control, automation and engineering systems. It also provides repair, maintenance, commissioning, and building services worldwide.
Headquarters: Texas, United States
Schlumberger Limited is an oil services company that operates through its subsidiaries. The company provides a wide range of services, including technology, project management, and information solutions to the international petroleum industry and advanced acquisition and data processing surveys.
Sulzer Ltd. is an engineering firm that operates into five divisions, including Sulzer Metco, Sulzer Turbomachinery Services, Sulzer Pumps, Sulzer Chemtech, and Sulzer Hexis. Amongst these, Sulzer Metco manufactures surface technology coatings solutions, which prolong the life and enhance the performance of components treated with the division's products.
Weir Group Plc.
Headquarters: Glasgow, United Kingdom
Weir Group Plc is an engineering solutions provider that focuses on minerals, oil and gas and power markets. The company offers products and services for mining and minerals processing, power generation, oil and gas production, water supply and other industrial uses, and supplies pumps, valves, compressors, and turbines.
Headquarters: Dortmund, Germany
Wilo SE manufactures and sells pumps and pump systems, which are used in wastewater collection and transport, sewage treatment, drainage and flood control, rainwater utilization, water supply, and pressure boosting worldwide.
Headquarters: United States
Xylem Inc. designs, manufactures, and provides equipment and services for water and wastewater applications. It addresses the full cycle of water from collection, distribution, and use to the return of water to the environment.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the global submersible pumps market, which has enabled the clients to set up and expand their businesses successfully. Some of the company’s offerings include:
- Market Research
- Plant setup
- Plant Expansion
- Marketing and sales
- Procurement and Distribution
- Innovation and Product Development