Albany, NY -- (SBWIRE) -- 11/18/2016 -- Pumps are mechanical devices that are used to transfer liquid from one place to another. These devices aid in propelling the coolant within a system to increase operational performance. Different types of pumps use different energy sources such as electricity, wind power, and engines. Pumps are used in the agriculture, water and wastewater, power generation, mining, chemical processing, hydrocarbon processing, food and beverages, oil and gas, pulp and paper, and aerospace industries. Based on the operational modes, pumps are classified into centrifugal pumps and positive displacement pumps.

The global submersible pump market to grow at a CAGR of 6.70% over the period 2015-2019. The boost in the sale of submersible pump worldwide is because of the growth in the wastewater management industry. The waste water management industry is growing at a fast rate in APAC. According to the world water development report, only 20% of the waste water produced receives proper treatment, which is as low as 8% in low-income countries. With the growing environmental concerns, the government and municipal corporations of many of these countries are focusing on developing infrastructure for waste water management and safe drinking water.

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This report covers the present scenario and the growth prospects of the global submersible pump market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of submersible pump products.

Technavios report, Global Submersible Pump Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the market and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Baker Hughes
- GE
- Grundfos Group
- Halliburton
- Schlumberger

Other prominent vendors
- Ebara
- Flowserve
- ITT
- KSB
- Robbins & Myers
- Sulzer

Market driver
- Growth in process industries
- For a full, detailed list, view our report

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Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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