Tethered Manned Submersible Market, By Product Type (Non-clog Submersible Pump, Openwell Submersible Pump, and Borewell Submersible Pump), By Operation (Single Stage and Multi Stage), By Applications (Agriculture, Oil & Gas, Energy & Power, Mining & Construction, Water & Wastewater, and Other Industries), By Power Ratings ( Low Power, Medium Power, and High Power), By Pump Head (Below 50m, 50m to 100m, and above 100m), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

  • Report code : CMI141779 |
  • Industry :


  • To Be Published : Aug 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Tethered submersible pump is a pumping equipment used for the extracting different types of fluid such as water and crude oil, which is further sent to the various end-use industries such automotive, oil & gas, and mining, however, is highly preferred for agricultural and industrial applications. Submersible pump is vertically submerged under the fluid to be transported (such as water) and is driven by electric current, operating on the principle of centrifugal force.

Increasing number of the construction activities is one of the major factors driving the growth of the market

The increasing number of the construction activities across the world is one of the major factors driving the growth of the market. Increasing urbanization across the world, is further increases the development of infrastructural activities across the world. For instance, according to the WorldBank.org the urban population in 2014 was 53.8% of global population, which reached up to 54.3%, globally. Development in Infrastructure results in increased construction activities, which eventually creates a demand for tethered manned submersible pump in order to extract water from the surface, further creating new sources of water for the residential, industrial, and commercial purposes. This in turn, is expected to propel growth of the tethered manned submersible market over the forecast period. Moreover, increasing government investments in infrastructure development is another factor fostering growth of the market. For instance, in January 2016, according to the press release of financier worldwide magazine, between US$ 700 billion and US$ 800 billion is invested in infrastructure development worldwide each year, of which around US$ 550 billion is invested in emerging economies. Therefore, increasing infrastructure development is expected to increase the demand for tethered manned submersible pumps for extracting oil and water from the surface, which in turn helps meet the increasing demand for water and oil across the world. Hence, all these factors help boost growth of the global tethered manned submersible pump market.

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.

Global Tethered Manned Submersible Market: Regional Insights

On the basis of region, the global tethered manned submersible market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Asia Pacific accounted for the largest market share in 2017 and is expected to retain its dominance during the forecasted period. Major factors that attribute to this growth include rapid urbanization and industrialization in emerging economies such as China and India, which are experiencing increased investments on housing, road network, urban transport, water supply, power-related infrastructures, smart cities, and other forms of urban management. For instance, a white paper released by Government Technology under the name, “Evolution of Smart Cities and Connected Communities”, co-sponsored by the United Parcel Service (UPS) and the Consumer Technology Association reported development of around 600 smart city projects in India and around 285 similar projects in China. Therefore, increasing urbanization is expected to significantly increase the demand for infrastructural development and residential facilities, which in turn, is expected to boost demand for tethered manned submersible pumps. This factor will help fuel growth of the market in Asia Pacific.

Global Tethered Manned Submersible Market: Competitive Landscape

Major players operating in the global tethered manned submersible market include Baker Hughes, General Electric, Grundfos Pumps India Private Ltd., Halliburton, Schlumberger Ltd, Borets International Ltd, Ebara Corporation, Falcon Pump, Walrus America, WILO SE, and Xylem, Inc.

Global Tethered Manned Submersible Market: Taxonomy

By Product Type

  • Non-clog Submersible Pump
  • Openwell Submersible Pump
  • Borewell Submersible Pump

By Operation

  • Single Stage
  • Multi Stage

By Applications

  • Agriculture
  • Oil & Gas
  • Energy & Power
  • Mining & Construction
  • Water & Wastewater
  • Other Industries

By Power Ratings

  • Low Power,
  • Medium Power
  • High Power

By Pump Head

  • Below 50m
  • 50m to 100m
  • Above 100m

 By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
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In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
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  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
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Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

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  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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