Submersible Motors Market Report

The global Submersible Motors market is likely to benefit from extensive use of submersible pumps in varied industries such as water and wastewater, oil and gas, and mining and construction. Submersible Motors form an essential component of submersible pumps, which are deployed by the industrial sector on a wide scale. Industrialization and surge in infrastructure development are also having positive impact on the Submersible Motors market growth. Manufacturers are developing Submersible Motors with enhanced performance, efficiency, and reliability in order to meet growing requirements of the end-use applications.

The Submersible Motors market has been undergoing a number of product introductions since past few years. One such instance is SQFlex pumps by a leading company, Grundfos. These pumps are equipped with a permanent magnet motor, which allows efficient energy usage. This system is well suited for remote locations, wherein there is water shortage and power supply is unreliable. Renewable energy supply, easy installation, built-in electronics, low operating cost, and reliable water supply are some of the key benefits associated with these systems.

High Demand from the Industrial Sector to Drive the Submersible Motors Market

Demand for submersible pumps in the industrial sector is on the rise, which is driving the need for Submersible Motors. Advancement in the manufacturing technology of Submersible Motors is opening novel avenues for the market players. Rise in the awareness among the end-user industries regarding the benefits of Submersible Motors is also having a positive impact on the Submersible Motors market growth. Growing mining industries, particularly in the developing regions, is also increasing demand for Submersible Motors.

Common Causes of Submersible Motor Failure and Their Solutions

Strategic Collaborations to Help Key Players to Sustain the Competition

Key manufacturers operating in the Submersible Motors market include Andritz Group, Franklin Electric, Grundfos, Faradyne Motors, General Electric, Pedrollo, Sumoto, Lubi Pumps, Hitachi, Ingeteam, Caprari, Zhenda Pump, Flowserve, Shakti Pumps, Baldor Electric, and Aote Pump. Leading players are taking up various strategic initiatives such as collaborations, partnerships, novel product introduction, brand enhancement, and mergers and acquisitions in order to keep up with the competition in the Submersible Motors market.

For instance, one of the leading companies, Grundfos lately entered into a digital partnership with Siemens. The key objective behind this partnership is to tackle global water challenges, raise energy efficiency, and reduce water consumption. They are emphasizing on three main areas including water and wastewater applications, industrial automation, and building technology.

By Product Type

●  Single Phase

●  Three Phase

By Application

●  Industrial

●  Agricultural

●  Residential

●  Others

The global Submersible Motors market has been bifurcated on the basis of product type as single phase and three phase. Three phase motors may witness greater demand as compared to the other product types owing to widespread usage in commercial and industrial facilities, wherein large equipment is operated. Smooth and efficient operation, cost effectiveness, simple design, and longer lifespan are the key benefits of this motor type. As far as the application is concerned, Submersible Motors are gaining traction in the industrial applications. The reason being surge in the capital expenditure and infrastructure development across the globe.

By Region

Asia Pacific is anticipated to witness considerable growth in the coming years. Infrastructure development and industrial investments are the key factors driving the Submersible Motors market in this region. Increasing population in urban areas has led to a decline in water quality and surge in wastewater, thus driving the demand for submersible pumps. Huge investments in sewage and water treatment plants by the municipalities is also having a positive impact on the Submersible Motors market growth in Asia Pacific. North America and Europe may emerge as promising regional markets in the years to come.

The machinery and equipment sector is always undergoing changes with evolution in technology. Machinery and equipment include a wide range of products for various applications. Players are constantly striving to bring in innovation for efficiency and to remain relevant in the cutthroat competition. QYR Consulting brings to its readers reports ranging from heavy trucks to automated teller machines. These reports have been written after a careful analysis of the growth of the market over decades and by taking into account its trajectory.

The titles below discuss opportunities, threats, strengths, and restraints present in the machinery and equipment sector. Our dedicated team of analysts have compiled key statistics that define the trends so far and highlight the key areas of development. The collection of reports track the potential areas for investments and the upcoming trends, which could be the defining moments for the industry.