"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 a market value of US$ 6.80 Bn in 2018. Dewatering pumps are used to drain or remove the surface water or groundwater from various places such as a sewage plant, construction site, mineshaft, power plants, construction industries, cement plants, thermal plants, or riverbed. It works by evaporating or pumping out the water. Rising adoption of water removal pumps to remove the water, which is gather in the exhume foundations, or pit and flow in construction activities in urban areas are expected to growth demand for dewatering pumps market globally.
Globally, several infrastructure developments are creating need for effective equipment that helps use less water and simplify the draining process. Factors such as growing developments in the building and construction industry, increasing demand for various resources in mining industry, and rapid industrialization and growing urbanization in various developing and underdeveloped countries are driving the growth of dewatering pumps market. However, high cost of operations and installation, and variable cost of raw material are likely to hinder the growth of this market during the forecast period.
Market Synopsis
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"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 by contributing around 2/3rd of the total revenue generated globally in 2018. There are various benefits of using submersible dewatering pumps due to their ability to pump the water from deep down water table under the ground. These pumps use the existing pressure present in it to throw the water on the surface. Additionally, these pumps save time for draining or pushing the water on the surface.
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"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. The presence of various local and key vendors, which are offering advance and cost effective pumps in the region, is also contributing in the growth of the market. Moreover, China is considered as the dominating country present in the region and globally, which is offering all range of pumps with low cost. Additionally, various key players are also focusing on expansion of their business in Asia-Pacific region to increase their market, which is contributing in the growth of the market.
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Some of the prominent players operating in the dewatering pumps market includes 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 global dewatering pumps market based on type, application, and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| 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 dewatering pumps market across different regions?
- Who are the key dewatering pumps companies leading the market?
- What are the key strategies adopted by the leading dewatering pumps companies in market?
Unique data points of this report
- Statistics on dewatering pumps penetration and spending worldwide
- Recent trends across different regions in terms of adoption of dewatering pumps for various applications
- Notable developments going on in 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)
