Submersible Motors Market 2019-2027, Credence Research | Size, Share & Forecast
The overall submersible motors market worldwide was valued at US$ 4.17 Bn in 2018 and is set to grow with 3.80% CAGR during the forecast period.
SANJOSE, United States – August 5, 2019 /MarketersMedia/ —
According to a new market research report published by Credence Research “Submersible Motors Market– Growth, Future Prospects and Competitive Analysis, 2019 – 2027”, the overall submersible motors market worldwide was valued at US$ 4.17 Bn in 2018 and is set to grow with 3.80% CAGR during the forecast period.
Market Insights
Submersible motors, being an integral component of submersible pumps, is heavily dependent on industrial sector worldwide. In 2018, submersible pumps market valued at more than US$ 9.5 Bn, thereby forming huge consumer base for submersible motors. Submersible pumps have been used across multiple industries such as oil & gas, water & wastewater, mining and construction and others, for trouble-free and hassle-free extraction. Thus, due to the extensive use of submersible pumps in the industries, the submersible motors market is on the rise. Increase in industrialization and growth in infrastructure development are the major drivers of the market. On account of all these factors, we are expecting steady growth in the submersible motors market.
Browse the full report at https://www.credenceresearch.com/report/submersible-motors-market
Based on application, the industrial segment is the leader in submersible motors market with more than 60% of the market share. The industrial segment is the leader due to growing capital expenditure and infrastructure development around the globe. The oil & gas sector holds the largest share in the industrial segment on account of increase in production from wells and rise in exploitation of shale reserves. The lack of availability of water and increased production of wastewater are increasing the demand for submersible pumps, which in turn giving boom to submersible motors market. As a result, industrial segment will continue leading the submersible motors market during the forecast period.
Based on the geography, in 2018, Asia Pacific was the leader in submersible motors market followed by North America and Europe. Increase in infrastructure development and rise in industrial investments are the major growth drivers in the region. Due to increased population density in urban areas, there is a decline in water quality and there is substantial increase in wastewater. Thus, municipalities are increasing investments on the sewage and water treatment plants. As the mining industry is on rise in India, the need of submersible pumps is increasing and which in turn will give a boom to the submersible motors market. On account of these factors, we are expecting steady growth in submersible motors market in the region throughout the forecast period.
Major market players are focusing on strategies such as brand enhancement to improve their market position. For instance, in 2018, ABB Motors and Mechanical Inc. unified the Baldor Electric Company name into its global ABB brand. Brand enhancement and new product launch is expected to remain key strategy in the market in years to come. Some of the major companies profiled in the report include Franklin Electric, Flowserve Corporation, Faradyne Motors, Andritz AG, Shakti Pumps India Limited, Pedrello SpA, Sumoto S.r.l., Lubi Pumps, ABB Motors and Mechanical Inc., Hitachi Industrial Equipment Systems Co., Ltd., Ingeteam Corporación, S.A., Caprari, and others.
Report Scope by Segments
By Motors Type (2019–2027; US$ Bn)
Single Phase
Three Phase
By Application (2019–2027; US$ Bn)
Industrial
Oil & Gas Industry
Water & Waste Water Industry
Mining & Construction Industry
Others (Food & Beverages Industry and Others)
Agricultural
Residential
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ToC:
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted
Chapter 2 Executive Summary
…………
Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global Submersible Motors Market Value, 2017 – 2027, (US$ Mn)
3.2 Market Drivers
3.3 Market Growth Inhibitors
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends
3.5 Attractive Investment ProMotors Type, by Geography, 2018
3.6 Competitive Analysis
3.6.1 Market Positioning of Key Submersible Motors Vendors, 2018
3.6.2 Key Strategies Adopted by the Leading Players
Chapter 4 Global Submersible Motors Market Analysis, by Motors Type, 2017 – 2027 (US$ Mn)
4.1 Overview
4.2 Single Phase
4.3 Three Phase
Chapter 5 Global Submersible Motors Market Analysis, by Application, 2017 – 2027 (US$ Mn)
5.1 Overview
5.2 Industrial
5.2.1 Oil & Gas Industry
5.2.2 Water & Wastewater Industry
5.2.3 Mining & Construction Industry
5.2.4 Others (Food & Beverages Industry and others)
5.3 Agricultural
5.4 Residential
Chapter 6 North America Submersible Motors Market Analysis, 2017 – 2027 (US$ Mn)
………..
Chapter 7 Europe Submersible Motors Market Analysis, 2017 – 2027 (US$ Mn)
…………
Chapter 8 Asia Pacific Submersible Motors Market Analysis, 2017 – 2027 (US$ Mn)
………….
Chapter 9 Rest of the World (RoW) Submersible Motors Market Analysis, 2017 – 2027 (US$ Mn)
…………..
Chapter 10 Company Profiles
10.1 Franklin Electric
10.2 Flowserve Corporation
10.3 Faradyne Motors
10.4 Andritz AG
10.5 Shakti Pumps India Limited
10.6 Pedrello SpA
10.7 Sumoto S.r.l.
10.8 Lubi Pumps
10.9 ABB Motors and Mechanical Inc.
10.10 HITACHI INDUSTRIAL EQUIPMENT SYSTEMS CO., LTD
10.11 Ingeteam Corporación, S.A.
10.12 Caprari
……………toc continued
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Key questions answered in this report
What was the market size of submersible motors in 2018 and forecast up to 2027?
Which is the largest regional market for submersible motors?
What are the major trends followed in overall submersible motors across different regions?
What are the key market trends and high-growth opportunities observed in the submersible motors market?
What are the drivers of the submersible motors market?
Who are the key submersible motors companies leading the market?
What are the key strategies adopted by the leading submersible motors companies in market?
Browse the full report at https://www.credenceresearch.com/report/submersible-motors-market
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