Southeast Asia’s Submersible Pump Market Poised to Exceed US$ 1.07 Billion by 2032, Fueled by Indonesia’s Escalating Wastewater Treatment Needs – Insights from Future Market Analysis
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.
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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:
- Xylem
Inc.
- Ebara
Corporation
- Grundfos
- KSB SE
& Co. KGaA
- WILO
SE
- Sulzer
AG
- ITT
Inc.
- Franklin
Electric Co.
- PSG
(Dover Corporation)
- Atlas
Copco AB
- The
Weir Group PLC
- Tsurumi
Manufacturing Co., Ltd.
- Andritz
Group
- Kubota
Corporation
- Kirloskar
Brothers Ltd.
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.
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