Submersible pumps are designed to be completely submerged in water or other fluids. They are typically used for pumping water out of wells, aquariums, and swimming pools. Submersible pumps are also commonly used in sewage treatment plants, where they are used to pump wastewater from one location to another. These pumps are designed to be very efficient and reliable, and they are often used in applications where a high flow rate is required. Sump pumps, on the other hand, are designed to remove water that has accumulated in a sump pit. Sump pits are typically found in basements or crawl spaces, and they are designed to collect water that has seeped into the foundation of a building. Sump pumps are used to pump this water out of the pit and away from the building, preventing damage to the foundation and other structures. The global submersible and sump pumps market is likely to register a CAGR of over 6.1% with an incremental growth of USD 1.4 billion during the forecast period 2023-2029.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global submersible and sump pumps market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the application, end user, and region. The global market for submersible and sump pumps can be segmented by application: groundwater management, industrial slurries and process fluids, stormwater management, wastewater and sewage. The groundwater management segment held the largest revenue share in 2022. Submersible and sump pumps market is further segmented by end user: residential, commercial and industrial. Among these, the commercial and industrial segment was accounted for the highest revenue generator in 2022. Based on region, the submersible and sump pumps market is segmented into: Asia-Pacific, Europe, North America, RoW (Rest of World). Asia-Pacific captured the largest share of the market in 2022.

Market Segmentation
By application: groundwater management, industrial slurries and process fluids, stormwater management, wastewater and sewage
By end user: residential, commercial and industrial
By region: Asia-Pacific, Europe, North America, RoW (Rest of World)

The market research report covers the analysis of key stake holders of the global submersible and sump pumps market. Some of the leading players profiled in the report include AMT Pump Company (A Gorman-Rupp Company), Atlas Copco AB, Baker Hughes Company, Borets International Limited, DAB PUMPS S.p.A., Ebara Corporation, Franklin Electric Co., Inc., Grundfos Holding A/S, Guangdong Ruirong Pump Industry Co., Ltd., Halliburton Company, ITT Inc., KSB SE & Co. KGaA, Pedrollo S.p.A., Pentair plc, SAER Elettropompe S.p.A., Schlumberger Limited (SLB), Shandong Yanshan Pumps Co., Ltd., Shanxi SkySea Industry Pump Co., Ltd., STAIRS Industrial Co., Ltd., Sulzer Ltd., The Flowserve Corporation, The Weir Group plc, WILO SE, Xylem Inc., Zhejiang Dayuan Pumps Industrial Co., Ltd., Zhejiang Doyin Pump Industry Co., Ltd., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
▹ To analyze and forecast the market size of the global submersible and sump pumps market.
▹ To classify and forecast the global submersible and sump pumps market based on application, end user, region.
▹ To identify drivers and challenges for the global submersible and sump pumps market.
▹ To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global submersible and sump pumps market.
▹ To identify and analyze the profile of leading players operating in the global submersible and sump pumps market.

Why Choose This Report
▹ Gain a reliable outlook of the global submersible and sump pumps market forecasts from 2023 to 2029 across scenarios.
▹ Identify growth segments for investment.
▹ Stay ahead of competitors through company profiles and market data.
▹ The market estimate for ease of analysis across scenarios in Excel format.
▹ Strategy consulting and research support for three months.
▹ Print authentication provided for the single-user license.