Home › News Updates › MarketsandMarkets mentioned as a Reference in an article on Submersible Pumps Market Published by Impeller.Net
Impeller.net cited MarketsandMarkets to be a main source for market trends in article on submersible pumps market.
A Submersible pump, used for extracting water or other fluids from a well, helps in preventing the formation of vapor cavities in a liquid. It finds applications in various industries like chemicals, construction, energy & power, oil & gas, and wastewater, among others. The global market for submersible pumps is poised to be valued at $12.2 Billion by the end of 2020, growing at CAGR of 5.4%, with Asia-Pacific being the most dominant market among regions. With the growing industrial sector and urbanization, especially in emerging economies, the expenditure has increased, thereby propelling the demand for submersible pumps.
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Report mentioned in the above news is,
Submersible Pumps Market by Well (Open and Bore), By Operation (Single and Multi-stage), by Power Rating, by Application (Industrial, Agricultural, and Domestic), by Industry (Mining & Construction, Energy & Power, Water & Wastewater) & by Region - Global Trends & Forecasts to 2020
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