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Tethered Manned Submersible Market - Size, Share, Outlook, and Opportunity Analysis, 2018-2026
The research report on Tethered Manned Submersible Market is segmented by product type, operation, applications, power ratings, pump head, and region - Size, Share, Outlook, and Opportunity Analysis, 2018-2026


Tethered Manned Submersib
BriefingWire.com, 9/13/2019 - Tethered submersible pump is a pumping equipment used for the extracting different types of fluid such as water and crude oil, which is further sent to the various end-use industries such automotive, oil & gas, and mining, however, is highly preferred for agricultural and industrial applications. Submersible pump is vertically submerged under the fluid to be transported (such as water) and is driven by electric current, operating on the principle of centrifugal force.

Increasing number of the construction activities is one of the major factors driving the growth of the market

The increasing number of the construction activities across the world is one of the major factors driving the growth of the market. Increasing urbanization across the world, is further increases the development of infrastructural activities across the world. For instance, according to the WorldBank.org the urban population in 2014 was 53.8% of global population, which reached up to 54.3%, globally. Development in Infrastructure results in increased construction activities, which eventually creates a demand for tethered manned submersible pump in order to extract water from the surface, further creating new sources of water for the residential, industrial, and commercial purposes. This in turn, is expected to propel growth of the tethered manned submersible market over the forecast period. Moreover, increasing government investments in infrastructure development is another factor fostering growth of the market.

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Global Tethered Manned Submersible Market: Regional Insights

On the basis of region, the global tethered manned submersible market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Asia Pacific accounted for the largest market share in 2017 and is expected to retain its dominance during the forecasted period. Major factors that attribute to this growth include rapid urbanization and industrialization in emerging economies such as China and India, which are experiencing increased investments on housing, road network, urban transport, water supply, power-related infrastructures, smart cities, and other forms of urban management.

For instance, a white paper released by Government Technology under the name, “Evolution of Smart Cities and Connected Communities”, co-sponsored by the United Parcel Service (UPS) and the Consumer Technology Association reported development of around 600 smart city projects in India and around 285 similar projects in China. Therefore, increasing urbanization is expected to significantly increase the demand for infrastructural development and residential facilities, which in turn, is expected to boost demand for tethered manned submersible pumps. This factor will help fuel growth of the market in Asia Pacific.

Global Tethered Manned Submersible Market: Competitive Landscape

Major players operating in the global tethered manned submersible market include Baker Hughes, General Electric, Grundfos Pumps India Private Ltd., Halliburton, Schlumberger Ltd, Borets International Ltd, Ebara Corporation, Falcon Pump, Walrus America, WILO SE, and Xylem, Inc.

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