Submersible Pump Market Size, Share and Industry Analysis Submersible pump are extensively used in oil & gas production from the wells. Get More Info: https://www.fortunebusinessinsights.com/industry-reports/submersible-pump-market-101654 ESPs are readily installed in the drill string as the borewell submersible pumps to produce centrifugal force and efficiently lift substantial volumes of liquids to the surface. A large number of wells are on the verge of maturity and requires an additional method to produce oil & gas. In February 2020, the U.S. Energy Information Administration (EIA) projected that the global petroleum and liquid fuel demand is set to increase by over 1.3 billion million barrels per day (BPD) in 2020, resulting in 101.97 BPD by the year-end. Increasing Agricultural Activities Is Set to Augment Industry OutlookVarious countries are increasing focus on cultivating and harvesting edible goods for national consumption as well as international exports. Emerging countries in the Asia Pacific region, along with developed regions such as North America, is taking several measures to promote agricultural business by using advanced machinery and equipment. List of Key Companies Profiled: Crompton Greaves Consumer Electricals Limited (India)Sulzer (Switzerland)Pedrollo S.p.A. (Italy)ZUWA-Zumpe GmbH (Germany)Weatherford (U.S.)Homa Pumpenfabrik GmbH (Germany)Xylem Inc. (U.S.)Kirloskar Brothers Limited (India)oddesse Pumpen- Und Motorenfabrik GmbH (Germany)Zoeller Company (U.S.)KSB Company (U.S.)Quadt Kunststoffapparatebau GmbH (Germany)Multiquip Inc. (U.S.)TSURUMI PUMP (Japan)Hitachi America (U.S.)GRUNDFOS (Denmark)Caprari (Italy)