Southeast Asia Submersible Pump Market Size is Projected to Reach US$ 1,076.8 million by 2032, With a 5.5% CAGR

The Southeast Asia Submersible Pumps Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Southeast Asia Submersible Pumps market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Southeast Asia Submersible Pumps. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2032. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

the Southeast Asia submersible pumps market is expected to reach US$ 1,076.8 Million in 2032. It is anticipated to showcase steady growth at a CAGR of 5.5% between 2022 and 2032. In 2022, more than 56.9% of the market share is likely to be occupied by bore well submersible pumps in the region owing to their increasing end-use applications.

Water stress has recently become a major issue in both developed and developing economies, which is driving the demand for new water sources that can meet Southeast Asia’s industrial and domestic water needs. The use of wastewater treatment to alleviate water constraints is growing in terms of popularity, which is also propelling the South Asia submersible pumps market.

Browse Full Report Here

In addition to that, the market is anticipated to be driven by the rapidly growing oil & gas, utility, construction, and mining sectors in Southeast Asia. Submersible pumps make up around 5-7% of the global market due to their increasing application in various end-use industries like agriculture, residential, commercial, and water utility construction.

To increase sales, many submersible pump manufacturers are concentrating on launching innovative products that are both affordable and efficient. They are mainly focusing on meeting the growing demand for their products from new public and private projects. A few local companies are investing in the establishment of advanced manufacturing facilities.

Key Takeaways of Southeast Asia Submersible Pump Market Study

  • Based on head type, the above 100m segment is expected to reach a valuation of about US$ 808.4 Million by 2032 and exhibit a CAGR of 5.4% from 2022 to 2032.
  • In terms of product type, the borewell segment is anticipated to account for more than 56% of the Southeast Asia submersible pumps market share by 2032.
  • In Southeast Asia, Indonesia is projected to hold a significant market share of about 28% in the evaluation period.
  • From 2017 to 2021, the Southeast Asia submersible pumps market exhibited growth at a CAGR of 5.2%.
  • Sales of submersible pumps are projected to soar between 2022 and 2032 at a CAGR of about 5.5% in Southeast Asia.

“Domestic governments are putting a lot of effort into expanding their economies and spending extensively on the construction of smart factories & infrastructure. It is anticipated to increase sales of submersible pumps throughout the assessment period.,” says a Future Market Insights analyst.

Competitive Landscape: Southeast Asia Submersible Pump Market

The Southeast Asia submersible pumps market is highly fragmented and significantly influenced by leading producers. Owing to rapid technological improvements, industry leaders are seeking to enhance their market share by investing in the creation of new product lines and updating their current product lines.

Key Companies Profiled:

  1. Xylem Inc.
  2. Ebara Corporation
  3. Grundfos
  4. KSB SE & Co. KGaA
  5. WILO SE
  6. Sulzer AG
  7. ITT Inc.
  8. Franklin Electric Co.
  9. PSG (Dover Corporation)
  10. Atlas Copco AB
  11. The Weir Group PLC
  12. Tsurumi Manufacturing Co., Ltd.
  13. Andritz Group
  14. Kubota Corporation
  15. Kirloskar Brothers Ltd.
  16. Pentair PLC
  17. Gorman-Rupp Company
  18. Flowserve Corporation
  19. Hitachi Co. Ltd.
  20. Wacker Neuson Group
  21. SPP Pumps
  22. Ruhrpumpen Group
  23. Shimge Pump Industry Group Co., Ltd
  24. Zhejiang DOYIN Technology Co. Ltd
  25. Shakti Pumps (India) Ltd.
  26. Speck Pumpen Walter Speck GmbH & Co. KG
  27. Pleuger Industries

Find More Valuable Insights into the Southeast Asia Submersible Pump Market

The research report analyzes the market demand trends for submersible pumps. The Southeast Asia market estimation and growth projection are based on factors like end-use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of submersible pumps. As per Future Market Insights research scope, the submersible pump market has been studied and segmented on the basis of product type, head type and application. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, the supply side and demand side.

Other Reference:
https://www.accesswire.com/727327/Southeast-Asia-Submersible-Pump-Market-to-Exceed-US-107-Bn-By-2032-With-Burgeoning-Need-For-Wastewater-Treatment-In-Indonesia-Future-Market-Insights-Inc

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR-certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

Contact Us :

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these