Global Stainless Steel Semi-submersible Pumps Market 2019 Industry Key Players, Trends, Sales, Supply, Demand, Analysis & Forecast To 2024
Summary:
A new market study, titled “Discover Global Stainless Steel Semi-submersible Pumps Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.
Pune, India – December 17, 2019 /MarketersMedia/ —
Introduction
Stainless Steel Semi-submersible Pumps Market
The market for stainless steel semi-submersible pumps is expected to grow at a moderate CAGR during the forecast period, as per the latest reports. Some of the important factors driving the stainless steel semi-submersible pumps market are strict wastewater treatment regulations for all major industries, recovery in the oil and gas industry and the mining industry, advancement in the construction industry and enhancement of industrial infrastructure. Currently, the oil and gas sector happens to have the largest market share in the stainless steel semi-submersible pumps market, mainly due to increase in capital expenditure in the said industry.
The stainless steel semi-submersible pumps operate by pushing instead of pulling at the pumping stages. Every stage of a stainless steel semi-submersible pump has a motor inside a casing, complete with mechanical seals that prevent leakage. The motor is then connected to a cable that generates power, as the casing extends to some sort of pipe that leads to the surface. Stainless steel semi-submersible pumps have multiple uses across various industries, which gives them a steady growth rate at the global market level.
The adoption of stainless steel semi-submersible pumps for application in water and wastewater management is expected to become extrempley popular in the near future. There is an increase in investments in such projects which invariably increases the demand for stainless steel semi-submersible pumps, with possible applications in domestic, industrial as well as municipal areas. This is one of the factors that is expected to positively drive the market in the coming years. Two of the strongest drivers of growth of the stainless steel semi-submersible pumps market remain to be the lower initial cost of investment and the relative ease of installation of these pumps.
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Key Players of Global Stainless Steel Semi-submersible Pumps Market =>
Tsurumi (America), Inc.
Stancor Pumps Inc
Grundfos Pumps Corporation
Sulzer Ltd
Pentair Ltd.
Kirloskar Brothers Limited (India)
STANLEY Infrastructure
GPM, Inc.
AFEC Pumps
Franklin Electric Co., Inc
Market Segmentation:
On the basis of product, the stainless steel semi-submersible pumps market is segmented as electric and hydraulic.
On the basis of application, the stainless steel semi-submersible pumps market is segmented as sanitary, cosmetics industry, the chemical industry, the pharmaceutical industry, the food industry and laboratory.
Semi submersible pumps cover a vast scope of application that can range from household water supply to mining industry. This versatality is one of the factors that drives the stainless steel semi-submersible pumps market.
Regional Analysis:
Geographically, the stainless steel semi-submersible pumps market is segmented as North America, South America, Asia Pacific, Southeast Asia, Europe and Middle East and Africa.
The North American segment is further segmented as the US. The Asia Pacific segment is further segmented as China, Japan, India and Korea.
The South American segment is further segmented as Brazil.
The Southeast Asian segment is further segmented as Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Laos, Myanmar, Cambodia and Vietnam.
The European segment is further segmented as Germany, France, UK, Italy, Spain and CIS countries.
Competitive Landscape
The market for stainless steel semi-submersible pumps remains highly fragmented. The key players in the market are not only adding new features to their products but also incorporating new technologies to meet the end-user requirements in the the stainless steel semi-submersible pumps. Balancing end-user requirements along with product evolution shall give top players the required competitive advantage.
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