Southeast Asia Submersible Pumps Market Research, Segmentation, Key Players Analysis and Forecast to 2032
According to Future Market Insights (FMI), the Southeast Asia submersible pump market is expected to reach US$1,076.8 million In 2032. It is anticipated to exhibit steady growth CAGR of 5.5% Between 2022 and 2032. in 2022, more than 56.9% The region is likely to capture part of the market share owing to the growing end-use applications of borewell submersible pumps. Water stress has recently become a major issue in both developed and developing economies, increasing the demand for new water sources that can meet the industrial and domestic water needs of Southeast Asia. The use of wastewater treatment to overcome water scarcity is growing in popularity, which is also boosting the South Asia submersible pump market. Furthermore, the rapidly growing oil & gas, utility, construction, and mining sectors in Southeast Asia are anticipated to drive the market. submersible pump make around 5-7% in the global market owing to their increas...