- A 60-page Global Submersible Pump Market report states that smart submersible pump systems will boost worldwide growth of the submersible pump market, as urbanization and improved infrastructure — especially in countries like Brazil and India — expand the wastewater management industry.
- An analyst forecasts that the global submersible pump market will grow to a CAGR of 6.7% over the 2015-2019 time period.
- Only 20% of the wastewater produced around the world receives proper treatment, which is as low as 8% in low-income countries, according to the world water development report
An analyst commenting on the report said that an "intelligent pump" is efficient because of its ability to control and regulate fluids, therefore many manufacturers are adopting the pumps "to reduce the total cost of ownership without affecting performance."
According to a recent report of the Global Water Treatment Market, the overall global water treatment equipment market is estimated at $35 billion in 2014 and is expected to grow at a CAGR of 7.4% until 2020.
China has been having its own success in growing the submersible pump market, with help from key vendors such as General Electric, Baker Hughes, and Grundfos Group. A report titled Submersible Pumps Market in China forecasts a 7.5% CAGR until 2019 for the Chinese submersible pump market.