India expected to account for a third of global submersible pumps sales.
Fact.MR
Study is backed by increasing application in electronics and semiconductor industry.
The market has been experiencing minimal impact from COVID-19 pandemic.
Expansion of refinery capacity foreseen to strengthen demand for the component.
Mandates for reducing environmental pollution spurring this growth.
South & East Asia is a potential hotbed for opportunity.
3.5 million units were sold in 2018; Asia-Pacific sales at an all-time high.
The demand for centrifugal pumps and submersible pumps is expected to grow.