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According to the latest report by IMARC Group ,the global submersible pumps market is currently witnessing a strong growth.<br>Also known as an electric submersible pump (ESP), a submersible pump is designed for being immersed in a well, tank or container. It pushes water to the surface from its submerged position by converting rotary energy into pressure energy.
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Global Submersible Pumps Market Research Report and Forecast 2021-2026 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved
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Report Description and Highlights Report Description Global Submersible Pumps Market Outlook 2026: According to the latest report by IMARC Group, titled “Submersible Pumps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global submersible pumps market is currently witnessing a strong growth. Also known as an electric submersible pump (ESP), a submersible pump is designed for being immersed in a well, tank or container. It pushes water to the surface from its submerged position by converting rotary energy into pressure energy. Its motor is encased in oil-filled compartments that do not have contact with the substance they are pumping. It is efficient, conserves energy and prevents the formation of vapor cavities in a liquid. Consequently, it finds application in irrigation, water treatment and oil extraction across the globe. Request for a free sample report: https://www.imarcgroup.com/submersible-pumps- market/requestsample
Report Description and Highlights Report Description Global Submersible Pumps Market Trends: The market is experiencing growth on account of the escalating demand for oil and gas in the industrial, transportation and residential sectors across the globe. Due to a significant decline in the availability of oil reserves, there is a rise in the utilization of submersible pumps to conduct extraction activities in deep-sea reserves. Moreover, a surge in the demand for efficient wastewater and sewage management systems is strengthening the market growth. Apart from this, governments of numerous countries are implementing policies to recycle wastewater, manage sewage and provide safe drinking water on account of the growing environmental concerns. Furthermore, the increasing utilization of the Internet of Things (IoT) for in-depth monitoring, data capturing, and remote access are impacting the market growth positively.
Report Description Report Description and Highlights Market Summary: Breakup by Type: • • • Open Well Borewell Non-Clog Breakup by Operation: • Single Stage • Multi-Stage Breakup by Application: • Water & Wastewater • Mining & Construction • Pulp & Paper • Energy & Power • Food & Beverages • Chemicals & Pharmaceuticals • Others
Report Description Report Description and Highlights Breakup by Power Rating: • Low • Medium • High Breakup by Region: • North America • Europe • Asia Pacific • Latin America • Middle East and Africa On account of these factors, the market is expected to witness robust growth during the forecast period (2021-2026).
Report Description and Highlights Report Description Competitive Landscape With Keyplayer: • Atlas Copco Group • Flowserve Corporation • Grundfos Holding A/S • ITT Goulds Pumps, Inc. • Kirloskar Brothers Limited • KSB SE & Co. KGaA • Schlumberger N.V. • Sulzer Ltd. • Weir Group Plc. • Wilo SE and Xylem Inc. View Report TOC, Figures and Tables: https://www.imarcgroup.com/submersible-pumps-market
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