Submersible Pump Market Analysis APAC,Europe,North America,Middle East and Africa,South America - US,China,India,Germany,Russia - Size and Forecast 2023-2027

Published: Oct 2023

Pages: 163

SKU: IRTNTR45698

Snapshot

Submersible Pump Market Forecast 2023-2027

The submersible pump market size is estimated to grow by USD 6.17 billion at a CAGR of 5.02% between 2022 and 2027. The market's expansion hinges on various factors, including the construction sector's rapid growth, escalating demand for wastewater treatment, and the upsurge in shale oil production. These elements collectively contribute to a robust market trajectory, underlining the sector's pivotal role in economic development. Additionally, the construction sector's expansion reflects broader trends in urbanization and infrastructure development. The increasing demand for wastewater treatment underscores growing environmental concerns and regulatory pressures. Similarly, the growth in shale oil production reflects shifting dynamics in the energy sector, with shale resources playing a prominent role in meeting global energy demands.

It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Submersible Pump Market During the Forecast Period?

Submersible Pump Market Forecast 2023-2027

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Market Segmentation

This report extensively covers market segmentation by type (electric, hydraulic, and air-driven), application (borewell and open well), and geography (APAC, Europe, North America, Middle East and Africa, and South America).

By Type

The electric segment will account for a major share of the market's growth during the forecast period. An electric submersible pump is a type of artificial lift that lifts resources like oil from wells by driving a multistage pump with an electric motor. They are used extensively in upstream oil and gas exploration and production E&P applications in the petroleum and gas industry.

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The electric segment was valued at USD 15.82 billion in 2017. For the upstream and downstream operations, an electric submersible pump will be used. Some underwater pump are useful for deep-sea applications. Coatings for electric submersible pumps that resist corrosion and can withstand extreme temperatures are available. As oil prices rise in the second half, growth will make up for the slower start to the forecast period. Consequently, during the forecast period, the oil and gas industry's use of these will drive the segment and, consequently, the market.

By Application

Based on application, the market has been segmented into borewell and open well. The borewell segment will account for the largest share of this segment. Industrial sectors, which require a constant flow of water to operate in various ways, are the major drivers for growth within the segment of borewell submersible pumps. Investments in the installation and upgrading of water and wastewater treatment plants will continue to be driven by the growing demand for clean water from households and industrial users. However, with increasing concerns about the hard water provided by borewell pumps, the market share of the borewell submersible pump segment is expected to decrease marginally during the forecast period.

By Region

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APAC is estimated to contribute 42% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The demand in APAC in 2022 stemmed from the growth of key end-user sectors such as construction, chemical, and industrial manufacturing. A key factor in market growth will be the increasing emphasis on wastewater treatment infrastructure. In emerging markets, particularly in the Asia Pacific region, there is an increased demand for water and sewage treatment applications due to rapid industrial development. Infrastructure for water treatment is being developed by countries such as China and India. Such initiatives will boost the growth of the market in water and wastewater management applications during the forecast period.

Market Dynamic and Customer Landscape

The market is witnessing growth fueled by increasing investments and rapid urbanization. Despite a temporary slowdown due to the outbreak and subsequent economic contractions, the market is rebounding, especially in the agricultural sector and mining industry. However, supply chain disruptions and raw material shortages have impacted manufacturing and order intake, leading to delays and closures. To address these challenges, the market is focusing on upgradation and aging infrastructure, offering growth opportunities. The sector also faces challenges such as motor failure and high troubleshooting costs, highlighting the need for innovative solutions and designs. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Key Market Driver

The increased demand for wastewater treatment is driving growth in the market. The demand for wastewater treatment plants in all regions is rising water pollution and a lack of freshwater resources. Furthermore, the reuse of water and consumers' choices to dispose of it is frequently affected by the scarcity or availability of water. In addition, the declining quality of water and groundwater supplies and the increasingly stringent regulations on water discharge are driving the development of the wastewater treatment industry globally. With the rapid depletion of freshwater sources because of land and water pollution, there has been an increased global focus on investments in water treatment plants. This trend is driven by factors such as rapid urbanization, the agricultural sector, and the growth of the market.

However, the growing demand for clean water for domestic, commercial, and industrial usage is expected to continue to drive investments for the installation of the required machinery and upgrades of water and wastewater treatment facilities globally during the forecast period. This includes opportunities for water & wastewater treatment, re-installations, and upgradation. There will be a positive impact on the adoption of these facilities. Significant investment in water treatment infrastructure is underway in several countries. This trend will continue to present major opportunities for growth for the market during the forecast period.

Significant Market Trends

The development of renewable energy-powered submersible pumps is a primary trend in the market. Given rising concern for the environment and energy crisis, renewable energy submersible pumps are increasingly being adopted by key end users worldwide to reduce their carbon footprint. The market is expected to experience increased acceptance amongst end users over the forecast period. The use of renewable energy sources such as solar and wind energy to power would significantly minimize operating costs.

Moreover, these pumps are highly effective for projects in remote areas, especially in developing economies, where certain regions still face power shortages or lack of power transmission and distribution infrastructure. Farmers, therefore, have to use diesel pumps in these areas, which does not deliver the desired results. By using solar energy to pump water from nearby bodies of water, They offer an excellent green solution for this problem. Several companies also provide additional power backup for renewable energy-powered products. Hence, these pumps are expected to find increased acceptance among end-users in the global submersible pump market during the forecast period.

Major Market Challenge

The high ownership and maintenance cost is a major challenge in the market. In comparison to the rest of the pumps, like jet pumps, submersible pumps are much more expensive. There are higher costs associated with the equipment and spare parts, installation, and maintenance compared to other pumps. Prospective end-users are increasingly opting for submersible pumps on rent as it eliminates ownership costs. A growing number of businesses and services are proposing the rental of submersible pumps to ensure safer and more cost-effective operations for uses ranging from emergency water removal and temporary bypass systems to dewatering buildings or mining sites.

Moreover, the submersible pump rental model can be an effective way of obtaining the right pump for the application at hand without the need to invest in long-term pumping equipment installations. Thus, rental is an asset that offers flexibility in dealing with diverse and evolving applications. However, for the operators of underwater pumps, this trend would lead to enormous losses. Therefore, the high ownership costs of submersible pumps are expected to continue to hamper the growth of the global submersible pump market during the forecast period.

Who are the Major Submersible Pump Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Dharani Pumps and Motors - The company offers submersible pumps such as Electric Submersible Dewatering pumps.

EBARA CORP. - The company offers submersible pumps such as R series Model RX33 submersible pumps.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities.

Type Outlook
- Electric
- Hydraulic
- Air-driven

Application Outlook
- Borewell
- Openwell

Region Outlook
- North America
  - The U.S.
  - Canada
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa
- South America
  - Chile
  - Brazil
  - Argentina

Market Analyst Overview

The market has experienced a growth slowdown due to disruptions in supply chains and fluctuations in commodity prices, such as metallurgical coal, thermal coal, gold, and iron ore, affecting mining activities. The market dynamics are also influenced by the construction industry, with restraints including high troubleshooting costs, design limits, and the need for frequent repairs. Despite this, submersible pumps remain crucial for various applications, including water & wastewater treatment facilities, where they play a vital role in maintaining operational lifecycle and repairing processes.

Moreover, the global submersible pumps market faces challenges due to a global shutdown affecting raw materials, leading to shortages, delays, and order closures. High troubleshooting costs add further pressure.

Market Scope
Report Coverage	Details
Page number	163
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 5.02%
Market growth 2023-2027	USD 6.17 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	4.17
Regional analysis	APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution	APAC at 42%
Key countries	US, China, India, Germany, and Russia
Competitive landscape	Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks
Key companies profiled	Dharani Pumps and Motors, Dover Corp., EBARA CORP, Havells India Ltd., Kirloskar Brothers Ltd., KSB SE and Co. KGaA, Kubota Corp., Oswal Pumps Ltd., Poul Due Jensens Fond, Samudra Pumps India Pvt. Ltd., Shakti Pumps India Ltd., Shimge Pump Industry Group Co. Ltd., Sulzer Management Ltd., The Gorman Rupp Co., The Weir Group Plc, Tsurumi Manufacturing Co. Ltd., Wacker Neuson SE, Xylem Inc., Zhejiang Doyin Technology Co. Ltd., and Atlas Copco AB
Market dynamics	Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
Precise estimation of the market size and its contribution to the parent market
Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global submersible pump market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global submersible pump market 2017 - 2021 ($ million)

4.2 Type Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

4.3 Application Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

6.1 Market segments
- Exhibit 30: Chart on Type - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type

6.3 Electric - Market size and forecast 2022-2027
- Exhibit 34: Chart on Electric - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Electric - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Electric - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Electric - Year-over-year growth 2022-2027 (%)

6.4 Hydraulic - Market size and forecast 2022-2027
- Exhibit 38: Chart on Hydraulic - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Hydraulic - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Hydraulic - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Hydraulic - Year-over-year growth 2022-2027 (%)

6.5 Air-driven - Market size and forecast 2022-2027
- Exhibit 42: Chart on Air-driven - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Air-driven - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Air-driven - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Air-driven - Year-over-year growth 2022-2027 (%)

6.6 Market opportunity by Type
- Exhibit 46: Market opportunity by Type ($ million)
- Exhibit 47: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Application

7.1 Market segments
- Exhibit 48: Chart on Application - Market share 2022-2027 (%)
- Exhibit 49: Data Table on Application - Market share 2022-2027 (%)

7.2 Comparison by Application
- Exhibit 50: Chart on Comparison by Application
- Exhibit 51: Data Table on Comparison by Application

7.3 Borewell - Market size and forecast 2022-2027
- Exhibit 52: Chart on Borewell - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Borewell - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Borewell - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Borewell - Year-over-year growth 2022-2027 (%)

7.4 Openwell - Market size and forecast 2022-2027
- Exhibit 56: Chart on Openwell - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on Openwell - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on Openwell - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Openwell - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Application
- Exhibit 60: Market opportunity by Application ($ million)
- Exhibit 61: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 63: Chart on Market share by geography 2022-2027 (%)
- Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 65: Chart on Geographic comparison
- Exhibit 66: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2022-2027
- Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027
- Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 North America - Market size and forecast 2022-2027
- Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.6 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.7 South America - Market size and forecast 2022-2027
- Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027
- Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 China - Market size and forecast 2022-2027
- Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

9.10 India - Market size and forecast 2022-2027
- Exhibit 95: Chart on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on India - Year-over-year growth 2022-2027 (%)

9.11 Germany - Market size and forecast 2022-2027
- Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.12 Russia - Market size and forecast 2022-2027
- Exhibit 103: Chart on Russia - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on Russia - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on Russia - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on Russia - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 107: Market opportunity by geography ($ million)
- Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 109: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 111: Overview on factors of disruption

11.4 Industry risks
- Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 113: Vendors covered

12.2 Market positioning of vendors
- Exhibit 114: Matrix on vendor position and classification

12.3 Atlas Copco AB
- Exhibit 115: Atlas Copco AB - Overview
- Exhibit 116: Atlas Copco AB - Business segments
- Exhibit 117: Atlas Copco AB - Key news
- Exhibit 118: Atlas Copco AB - Key offerings
- Exhibit 119: Atlas Copco AB - Segment focus

12.4 Dover Corp.
- Exhibit 120: Dover Corp. - Overview
- Exhibit 121: Dover Corp. - Business segments
- Exhibit 122: Dover Corp. - Key offerings
- Exhibit 123: Dover Corp. - Segment focus

12.5 EBARA CORP
- Exhibit 124: EBARA CORP - Overview
- Exhibit 125: EBARA CORP - Business segments
- Exhibit 126: EBARA CORP - Key offerings
- Exhibit 127: EBARA CORP - Segment focus

12.6 Kirloskar Brothers Ltd.
- Exhibit 128: Kirloskar Brothers Ltd. - Overview
- Exhibit 129: Kirloskar Brothers Ltd. - Product / Service
- Exhibit 130: Kirloskar Brothers Ltd. - Key offerings

12.7 KSB SE and Co. KGaA
- Exhibit 131: KSB SE and Co. KGaA - Overview
- Exhibit 132: KSB SE and Co. KGaA - Business segments
- Exhibit 133: KSB SE and Co. KGaA - Key offerings
- Exhibit 134: KSB SE and Co. KGaA - Segment focus

12.8 Kubota Corp.
- Exhibit 135: Kubota Corp. - Overview
- Exhibit 136: Kubota Corp. - Business segments
- Exhibit 137: Kubota Corp. - Key news
- Exhibit 138: Kubota Corp. - Key offerings
- Exhibit 139: Kubota Corp. - Segment focus

12.9 Poul Due Jensens Fond
- Exhibit 140: Poul Due Jensens Fond - Overview
- Exhibit 141: Poul Due Jensens Fond - Product / Service
- Exhibit 142: Poul Due Jensens Fond - Key offerings

12.10 Shimge Pump Industry Group Co. Ltd.
- Exhibit 143: Shimge Pump Industry Group Co. Ltd. - Overview
- Exhibit 144: Shimge Pump Industry Group Co. Ltd. - Product / Service
- Exhibit 145: Shimge Pump Industry Group Co. Ltd. - Key offerings

12.11 Sulzer Management Ltd.
- Exhibit 146: Sulzer Management Ltd. - Overview
- Exhibit 147: Sulzer Management Ltd. - Business segments
- Exhibit 148: Sulzer Management Ltd. - Key news
- Exhibit 149: Sulzer Management Ltd. - Key offerings
- Exhibit 150: Sulzer Management Ltd. - Segment focus

12.12 The Gorman Rupp Co.
- Exhibit 151: The Gorman Rupp Co. - Overview
- Exhibit 152: The Gorman Rupp Co. - Product / Service
- Exhibit 153: The Gorman Rupp Co. - Key offerings

12.13 The Weir Group Plc
- Exhibit 154: The Weir Group Plc - Overview
- Exhibit 155: The Weir Group Plc - Business segments
- Exhibit 156: The Weir Group Plc - Key news
- Exhibit 157: The Weir Group Plc - Key offerings
- Exhibit 158: The Weir Group Plc - Segment focus

12.14 Tsurumi Manufacturing Co. Ltd.
- Exhibit 159: Tsurumi Manufacturing Co. Ltd. - Overview
- Exhibit 160: Tsurumi Manufacturing Co. Ltd. - Product / Service
- Exhibit 161: Tsurumi Manufacturing Co. Ltd. - Key offerings

12.15 Wacker Neuson SE
- Exhibit 162: Wacker Neuson SE - Overview
- Exhibit 163: Wacker Neuson SE - Product / Service
- Exhibit 164: Wacker Neuson SE - Key offerings

12.16 Xylem Inc.
- Exhibit 165: Xylem Inc. - Overview
- Exhibit 166: Xylem Inc. - Business segments
- Exhibit 167: Xylem Inc. - Key offerings
- Exhibit 168: Xylem Inc. - Segment focus

12.17 Zhejiang Doyin Technology Co. Ltd.
- Exhibit 169: Zhejiang Doyin Technology Co. Ltd. - Overview
- Exhibit 170: Zhejiang Doyin Technology Co. Ltd. - Product / Service
- Exhibit 171: Zhejiang Doyin Technology Co. Ltd. - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 172: Inclusions checklist
- Exhibit 173: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 174: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 175: Research methodology
- Exhibit 176: Validation techniques employed for market sizing
- Exhibit 177: Information sources

13.5 List of abbreviations
- Exhibit 178: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

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What are the revenue-generating key market segments?
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Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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