As the global economy recovers in 2021 and the supply of the industrial chain improves, the Industrial Submersible Pumps market will undergo major changes. Global Industrial Submersible Pumps market is analyzed to grow at a CAGR of 5.76% during the forecast period 2022-2027. A submersible pump is a centrifugal pump that is powered by an electric motor and runs while immersed in water. A series of impellers are spun by the sealed electric motor. The industrial sector has various uses for pumps, including transporting process chemicals, assisting manufacturing operations, boiler feed, increasing pressure, filtration, and many other operations.
The global Industrial Submersible Pumps industry report provides top-notch qualitative and quantitative information including: Market size (2017-2021 value and 2022 forecast). The report also contains descriptions of key players, including key financial indicators and market competitive pressure analysis.
The report also assesses key opportunities in the market and outlines the factors that are and will drive the growth of the industry. Taking into account previous growth patterns, growth drivers, and current and future trends, we also forecast the overall growth of the global Industrial Submersible Pumps market during the next few years. The global Industrial Submersible Pumps market size will reach USD million in 2028, growing at a CAGR of % during the analysis period.
The Industrial Submersible Pumps market can be split based on product types, major applications, and important regions as follows:
Baker Hughes Co.
Weir Group PLC
Borets International Ltd
Water & Wastewater
Mining & Construction
Oil and Gas
Food and Beverage