Submersible Mixed-flow Pumps Market Predicted to Accelerate the Growth by 2019

A submersible pump is submerged in a fluid/liquid that needs to be pumped. These pumps offer advantage such as preventing the formation of vapor cavities in a liquid/fluid.
Submersible pumps push the fluid to the surface from their submerged position, instead of pulling it toward the surface from an elevated position.

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Submersible mixed-flow pumps are designed in a sophisticated hydraulics model, which imparts certain properties to these pumps such as high efficiency, reliable performance, perfect control and protection, extreme automation, and easy installation and operation
Submersible mixed-flow pumps are extensively used in industries such as oil & gas, petrochemical, and agriculture and in applications such as municipal water supply, sewage treatment, flood or storm water control, and circulation of large quantities of water in dabbling facilities in parks and lakes

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Significant increase in the demand for oil and gas is one of the key drivers of the global submersible mixed-flow pumps market. This has forced companies to increase their production of oil and gas as well as exploration of oil fields. This factor is likely to drive the global submersible mixed-flow pumps market during the forecast period.
Rapid industrialization is another driver of the global submersible mixed-flow pumps market. Due to industrialization, generation of wastewater has risen. Also, the demand for fresh water has significantly increased. This factor has augmented the demand for submersible mixed-flow pumps in industries and municipal institutes.

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Due to reliable and efficient performance of submersible mixed-flow pumps, the demand for these pumps in industries such as chemical, petrochemical, fertilizers, and pulp & paper has risen. This factor is likely to drive the global submersible mixed-flow pumps market during the forecast period.

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The global submersible mixed-flow pumps market can be segmented in terms of power rating and application
Based on power rating, the global market can be segmented into 1 kW to 200 kW, 200 kW to 400 kW, and above 400 kW. Due to high demand for use in water treatment and sewage treatment plants, the 1 kW to 200 kW segment is expected to dominate the global submersible mixed-flow pumps market during the forecast period.
In terms of application, the global submersible mixed-flow pumps market can be segmented into artificial lift, water treatment, sewage treatment, flood & storm water control, and others. Water treatment and sewage treatment segments are expected to dominate the global market during the forecast period. Rise in environment-related awareness and stringent government rules and regulations are driving the global submersible mixed-flow pumps market.

Based on region, the global submersible mixed-flow pumps market can be classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
With the rapid industrialization and modernization in Asia Pacific, the region is estimated to dominate the global submersible mixed-flow pumps market from 2019 to 2027. The market in developing economies in the region, such as China and India, is expected to register the maximum CAGR during the forecast period.
The market in North America is projected to expand significantly during the forecast period, due to rapid increase in infrastructure development and industrialization in the U.S. and Canada
The market in Europe and Latin America is estimated to expand at a steady CAGR during the forecast period, due to rapid growth of industrialization and infrastructure development in the region

Key Developments

In May 2019, Sulzer strategically acquired GTC Technology in order to increase the company’s petrochemical process capability
In July 2017, Ruhrpumpen Group opened a modern manufacturing plant in Tamil Nadu, India to serve its customers in and around Asia. This plant is fully equipped to manufacture, assemble, and test standard centrifugal and reciprocating pump equipment and highly engineered pump systems.

Key Players Operating in Global Submersible Mixed-flow Pumps Market: