North America Submersible Pump Market Forecast (2016-2023)

Year UNITED STATES CANADA
2016 $ 1377.4 $ 375.5
2017 $ 1455.3 $ 398.0
2018 $ 1540.9 $ 422.8
2019 $ 1634.8 $ 449.9
2020 $ 1735.8 $ 479.3
2021 $ 1851.2 $ 512.8
2022 $ 1974.6 $ 548.8
2023 $ 2106.5 $ 587.3
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North America Submersible Pump Market Forecast (2016-2023)

Synopsis
The above chart is Global Submersible Pump market [2016-2023] by North America

Market Dynamics

United states accounted for the larger market share in 2017 in the north america submersible pump market, and is expected to reach usd 2106.50 million in 2023 from usd 1455.30 million in 2017. however, canada is the fastest growing market, which is expected to grow at a cagr of 6.79% during the forecast period 2018 - 2023. bore well segment accounted for the larger market share in 2017, this market is expected to reach usd 1788.10 million in 2023 from usd 1222.30 million in 2017. this market is projected to grow at a cagr of 6.63% during the forecast period from 2018 - 2023. however, bore well segment is the fastest growing market, which is expected to grow at a cagr of 6.63% during the forecast period 2018 - 2023. multi stage segment accounted for the larger market share in 2017, this market is expected to reach usd 1862.20 million in 2023 from usd 1263.30 million in 2017. this market is projected to grow at a cagr of 6.76% during the forecast period from 2018 - 2023. however, multi stage segment is the fastest growing market, which is expected to grow at a cagr of 6.76% during the forecast period 2018 - 2023. high power segment accounted for the largest market share in 2017, this market is expected to reach usd 1148.20 million in 2023 from usd 768.90 million in 2017. this market is projected to grow at a cagr of 6.99% during the forecast period from 2018 - 2023. however, high power segment is the fastest growing market, which is expected to grow at a cagr of 6.99% during the forecast period 2018 - 2023. water and wastewater segment accounted for the largest market share in 2017, this market is expected to reach usd 1036.50 million in 2023 from usd 684.20 million in 2017. this market is projected to grow at a cagr of 7.27% during the forecast period from 2018 - 2023. however, agriculture and irrigation segment is the fastest growing market, which is expected to grow at a cagr of 7.74% during the forecast period 2018 - 2023.

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