Increasing Application in Various Industries is increasing the Demand for Dewatering Pumps Market
Globally, the dewatering pumps market is expected to grow with a CAGR of 6.4% during the forecast period from 2019 to 2027 and accounts for a market value of US$ 6.80 Bn in 2018. Dewatering pumps drain or remove the surface water or groundwater from various places such as sewage plants, construction sites, mineshafts, power plants, construction industries, cement plants, thermal plants, or riverbeds. It works by evaporating or pumping out the water. The rising adoption of water removal pumps to remove the water gathered in the exhumed foundations or pits and flow in construction activities in urban areas is expected to grow demand for the global dewatering pumps market.
Globally, several infrastructure developments are creating the need for effective equipment that helps use less water and simplify the draining process. In addition, factors such as growing products in the building and construction industry, increasing demand for various resources in the mining industry, rapid industrialization, and growing urbanization in various developing and underdeveloped countries are driving the growth of the dewatering pumps market. However, the high cost of operations and installation and the variable cost of raw materials are likely to hinder the growth of this market during the forecast period.
Dewatering pumps with Submersible Dewatering Pumps by its Type Segment Continue to Dominate the Market
In 2018, the overall dewatering pumps market was led by the submersible dewatering pumps contributing around 2/3rd of the total revenue generated globally 2018. There are various benefits of using submersible dewatering pumps due to their ability to pump the water from deep down the water table under the ground. These pumps use the existing pressure to throw the water on the surface. Additionally, these pumps save time for draining or pushing the water on the surface.
Asia-Pacific Dominates the Market by Region
The global dewatering pumps market was led by Asia-Pacific by holding a market share of over 35% due to increasing development in various industries such as construction, power generation, mining, and others. In addition, the presence of various local and key vendors, which are offering advanced and cost-effective pumps in the region, is also contributing to the growth of the market. Moreover, China is considered the dominating country in the region and globally, offering a range of pumps at low cost. Additionally, various key players are also focusing on expanding their business in the Asia-Pacific region to increase their market, contributing to the market's growth.
Some of the prominent players operating in the dewatering pumps market include Grundfos AS, Sulzer Ltd., The Weir Group, Ebara Corporation, Xylem Inc., KSB Pumps Ltd., Wacker Neuson SE, TSURUMI MANUFACTURING CO., LTD., American Honda Motor Co., Inc., Nanfang Pump Industry Co., Ltd., Zoeller Pump Company, Mersino Dewatering, Zhejiang EO PumpVertiv Co, and Veer Pump Industries.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The dewatering pumps market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global dewatering pump market based on type, application, and geography.
ATTRIBUTE DETAILS
Research Period 2017-2027
Base Year 2018
Forecast Period 2019-2027
Historical Year 2017
Unit USD Billion
Key segments covered in the report are as follows:
Segmentation Type Segment (2017–2027; US$ Bn)
Submersible Dewatering Pumps
Non-submersible Dewatering Pumps
Application Segment (2017–2027; US$ Bn)
Construction & Agriculture
Oil & Gas
Municipal
Mineral & Mining
Others
Geography Segment (2017–2027; US$ Bn)
North America (U.S., Rest of North America)
Europe (U.K., Germany, France, Rest of Europe)
Asia Pacific (China, Japan, India, Rest of Asia Pacific)
Rest of the World (Middle East & Africa, Latin America)
Key questions answered in this report.
What was the market size of dewatering pumps in 2018, and forecast up to 2027?
Which is the largest regional market segment by type?
What are the major trends followed in the dewatering pumps market across different regions?
Who are the key dewatering pump companies leading the market?
What are the key strategies adopted by the leading dewatering pump companies in the market?
Unique data points of this report
Statistics on dewatering pump penetration and spending worldwide
Recent trends across different regions in terms of the adoption of dewatering pumps for various applications
Notable developments going on in the dewatering pumps market
Attractive investment proposition for segments as well as geography
Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Frequently asked questions :
A- The market for Dewatering Pumps Market is expected to reach US$ 6.80 Bn by 2027.
The Dewatering Pumps Market is expected to see significant CAGR growth over the coming years, at 6.4%.
The report is forecasted from 2019-2027.
The base year of this report is 2018.
Sulzer Ltd., Grundfos AS, The Weir Group, Xylem Inc., Ebara Corporation, KSB Pumps Ltd. are some of the major players in the global market.
