Submersible Pump Market in Heavy Electrical Equipment Industry to reach USD 2.77 billion | Technavio

NEW YORK, July 12, 2021 /PRNewswire/ --

Technavio has announced its latest market research report titled Submersible Pump Market by Type and Geography - Forecast and Analysis 2020-2024

"Rapid growth in the construction sector and the increased demand in wastewater treatment will further boost market growth during the forecast period", says a senior analyst at Technavio.

Technavio offers an up-to-date analysis regarding the current global market scenario and the overall market environment.
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The submersible pump market in the heavy electrical equipment industry is expected to reach USD 2.77 billion, progressing at a CAGR of over 2% during 2020-2024, as per the new report from Technavio. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Submersible Pump Market in Heavy Electrical Equipment Industry 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist submersible pump market growth during the next five years
  • Estimation of the submersible pump market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the submersible pump market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of submersible pump market vendors

Submersible Pump Market in Heavy Electrical Equipment Industry 2020-2024: Vendor Analysis and Scope

To help businesses improve their market position, Technavio provides a detailed analysis of around 25 vendors operating in the submersible pump market. Atlas Copco AB, Flowserve Corp., General Electric Co., Grundfos Holding AS, Halliburton Co., Multiquip Inc., Schlumberger Ltd., Sulzer Ltd., The Weir Group Plc, and Xylem Inc. are some of the major market participants.

  • Submersible Pump Market Size
  • Submersible Pump Market Trends
  • Submersible Pump Market Industry Analysis

This study identifies increased demand in wastewater treatment as one of the prime reasons driving the Submersible Pump Market growth during the next few years. However, the high ownership and maintenance costs may threaten the growth of the market.

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Reasons to Buy the Report:

  • Leverage latest data mapping the technological advancements
  • Find deeper market insights and forecast information about current market developments.
  • Explore insights on key market accelerating factors.
  • Identify potential threats to market growth.
  • Understand the impact of trends likely to influence market growth positively or negatively.

Key Topics Covered:

  • Executive Summary
  • Market Landscape
  • Market Sizing
  • Five Forces Analysis
  • Market Segmentation by Type
  • Market Segmentation by Geography
  • Customer landscape
  • Geographic Landscape
  • Vendor Landscape
  • Vendor Analysis
  • Appendix

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About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
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