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Need to Modernize Water Supply Systems Creates Lucrative Opportunities for Submersible Pumps

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Published on : Sep 25, 2019

A new research report, titled “Food Thickening Agents Market: Demand for Convenience Products to Bolster the Adoption Rate of Food Thickeners,” has been recently added to the library of ResearchMoz.us. By performing a thorough analysis of current trends and upcoming prospects, the study offers detailed insights into the global submersible pumps market.

The global submersible pumps market is witnessing continued growth backed by the increasing investments for the modernization of existing water supply systems. Initiatives towards building and maintaining a proper sewage system have fueled the deployment of submersible pumps significantly, aiding the growth of this market. Apart from these, the expansion in the agriculture sector and process industries has also surfaced as an important factor behind this market’s progress.

As the business landscape in the worldwide submersible pumps market is value-driven, leading manufacturers in the market are more inclined towards adding new features and including the latest technologies in their products. Some of the key manufacturers of submersible pumps across the world are:

• Sulzer AG

• Xylem Inc.

• Grundfos Group

• KSB Group

• Ebara Corp.

• Kubota Corp.

• Kirloskar Brothers Ltd.

In terms of the geography, Asia Pacific (excluding Japan) has been leading the global submersible pumps market over the last few years. The increasing number of water and wastewater treatment projects has been driving the APEJ submersible pumps market considerably. Going forward, the rise in offshore LNG projects in Australia will support the growth in this regional market over the coming years. The upswing in mining exports will also add to the APEJ market in the long run.

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Researchers believe that this regional market will retain its lead over the global market in the next couple of years. On the other hand, Europe is projected to report a prominent rise in its submersible pumps market in the near future at a significant rate. Surging investments in oil and gas exploration in this region will drive the Europe submersible pumps market.