Submersible Pumps For Wastewater Treatment To Yield Over US$ 140 Mn Opportunity By 2031, Finds Fact.MR

The global submersible pumps market is slated to reach US$ 9 Bn by 2021, impelled by extensive applications across wastewater treatment and oil & gas exploration projects, according to a recently published study by ESOMAR-certified market research and consulting firm. Long-term growth prospects appear further optimistic, registering a CAGR of 4.8% from 2021-2031 to reach USS$ 14.5 Bn.

Sales of submersible pumps experienced a moderate expansion rate during the 2016-2020 historical period, clocking a CAGR of around 3%. Prospects further declined throughout the first half of 2020, with demand falling to over 10 million barrels a day due to the COVID-19 pandemic. Fortunately, prospects have rebounded following fast tracking of vaccination drives across major countries.

According to UNICEF, four billion people experience severe water scarcity for at least one month each year. Over two billion people live in countries where water supply is inadequate. The report further states that half of the world's population could be living in areas facing water scarcity by as early as 2025. Consequently, wastewater treatment providers are leveraging submersible pumps equipped with highly advanced technologies to supply potable water.

Key Takeaways from the Market Study

• Submersible pump sales anticipated to expand 1.6x from 2021 through 2031.
• Borewell submersible pumps likely to hold over 50% revenue share through 2031
• Submersible pumps with heads above 100 mm to yield 70% revenue, gaining 73 BPS
• By application, water & wastewater treatment to generate absolute opportunity worth US$ 141.7 Mn
• Borewell submersible pumps sales to surge at over 3% CAGR from 2021 to 2031
• India to account for 1/3rd of global submersible pumps sales
• U.S to exhibit a CAGR worth 3% in the global submersible pumps market
• Germany to generate an opportunity worth US$ 180 Mn until 2031, generating 30% revenue

“Rising global population base and the consequent pressure on existing water resources to impel submersible pumps applications across water and wastewater treatment applications,” says the Senior Research Analyst.

Competitive Landscape
Some of the key players in the market include Kubota Corporation, Wacker Neuson Group, Atlas Copco Group, KSB SE & Co. KGaA, Xylem Inc., Ebara Corporation, Grundfos, Sulzer AG, The Weir Group PLC, Tsurumi Manufacturing Co., Ltd., Ingeroll-Rand PLC, and Sumitomo Heavy Industries, Ltd., etc.

In August 2021, Kubota Corporation owned Kubota Construction Co. Ltd. signed a contract for the Project for Expansion of the Water Supply System in Pursat City, Cambodia. The agreements aims at supplying safe potable water to all residents, which will augment the need for submersible pumps to water treatment

In May 2021, the KSB Group launched the youngest generation of its time-tested submersible grey water pumps: the AmaDrainer 3 type series. The new development of these pumps, available in four sizes, is the manufacturer's response to customer requests for a design that is more compact and easy to handle. These pumps are highly robust, designed for continuous duty at a fluid temperature of 70o C and also up to 90o C.

These insights are based on a report on Submersible Pump Market by Fact.MR.