A submersible pump, also called as an electric submersible pump (ESP), is a pump that can be submerged into a fluid. These pumps are equipped with hermetically sealed motor, which is close to the pump body. Additionally, these pumps are compact and lightweight and can be installed with several kinds of piping, as they are easy to dismantle. Furthermore, there are different types of submersible pumps available in the market such as non-clog submersible pumps, open well submersible pumps, and borewell submersible pumps.
Market Dynamics
The continued research and development of submersible pump (SP) is of utmost importance to the manufactures and companies involved in the innovation. The launch of innovative new products from the significant companies such as Kirloskar Brothers Limited (KBL) and others will boost the global submersible pump (SP) market. For instance, in October 2020, Kirloskar Brothers Limited (KBL), an engineering and manufacturing of fluid management systems company introduced a new wide range of low maintenance, energy-efficient submersible pump (SP) coupled pump-sets with IE4 motor for dewatering applications and others.
For instance, in February 2019, Kirloskar Brothers Limited (KBL) an engineering and manufacturing of fluid management systems company introduced two pumps such as KU6 - oil-filled borewell submersible pump, KVM (Kirloskar Vertical Multi-stage) pump and water filtration K-Kleen 25 kit for multiple application such as sprinkler & drip systems in farms, domestic and industrial water supply, and others.
Moreover, in January 2018, Kirloskar Brothers Limited (KBL) an engineering and manufacturing of fluid management systems company launched ‘KOSi' pumps’ open well submersible pumps for the agriculture and domestic application.
Market Taxonomy
This report segments the global submersible pump market on the basis of product type, application, head type, and region. On the basis of product type, the global submersible pump market is segmented into non-clog submersible, open well submersible, borewell submersible. On the basis of application, the global submersible pump market is segmented into industrial water & wastewater, agriculture & irrigation, oil & gas, firefighting, mining, construction, non-industrial water & wastewater, and other. On the basis of head type, the global submersible pump market is segmented into below 50 meter, 50 m- 100 m, and above 100 m. On the basis of region, the global submersible pump market is segmented into North America, Latin America, Europe, the Asia Pacific, and Middle East & Africa
Key features of the study:
Detailed Segmentation:
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