Global subsea pumps market was valued at more than a billion USD in 2014 having been contributed mainly by the demand from offshore production activities in North and South America and Europe.
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Global Submersible Pumps Market to Be Worth More Than USD 12 Billion by 2020
25.09.2015 -
Worldwide market for submersible pumps is forecast to reach USD 12.2 billion by 2020, growing at a compounded annual rate of 5.4% during the period 2015 to 2020. According to MarketsandMarkets, factors such as growing percentage of urban population, rapid industrialization, and huge investments for infrastructure development will drive demand for submersible pumps across the globe.