Dewatering Pump Market is estimated to surge with a projected CAGR of 5.2%. By 2033

Sep 28, 2023

With an impressive CAGR of 5.2% over the assessment period of 2023 to 2033, the global dewatering pump market is anticipated to prosper. The market is anticipated to surpass a valuation of US$ 12,213.6 million by 2033 and reach US$ 7,356.8 million in 2023. Future Market Insights’ historical analysis shows that between 2018 and 2022, the global dewatering pump market experienced flourishing sales at a CAGR of 3.9%. In 2022, the market's valuation surpassed US$ 6,981.0 million. The historical period's growth was attributed to the worldwide boom in construction.

Several industries, particularly those in the oil and gas, power, and chemical sectors, are investing in the renovation of their facilities. As a result, the market for dewatering pumps has rapidly expanded.the infrastructure sector's increased construction activity. Additionally, the mining industry's growing need for resources would increase sales. In developing and underdeveloped nations, rising industrialization and rising urbanisation would promote growth. Sales of dewatering pumps would also increase if there was a greater emphasis on upgrading, replacing, and retrofitting ageing components.

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Dewatering pumps are known as vital pieces of equipment for numerous industries. It is commonly used to transfer fluid from one place to another. Therefore, it would find usage in mining & metal, civil infrastructure & construction, and chemical power generation. Dewatering pumps are anticipated to gain immense traction over the next decade as a means of removing water. It can remove water that has accumulated in foundations or ditches. These ditches and foundations are excavated.

Report Highlights

Surging urban development projects are anticipated to bode well for the global market. Population growth, urbanization, and industrialization have given rise to the construction sector. It would fuel the market for dewatering pumps. Numerous industries comprising food & beverage, and power generation among others utilize these pumps. They are extremely efficient and have an excellent wear-resistant capacity.

Dewatering pumps have long service lives and they require little maintenance. In addition to that, they also have a wide range of flow rates. It is removed from a caisson, mine shaft, or riverbed through evaporation or pumping.

Propelling focus on retrofitting, upgrades, and replacement of aging components would also drive dewatering pump sales. Rising demand for effective industrial infrastructure within developing regions is anticipated to bolster sales over the assessment period.

Recent Developments

Various end-use industries are using dewatering pumps excessively, therefore, bolstering the market growth. These pumps also find application in sewage plants, power plants, cement, and thermal plants to eliminate water. Surging demand for energy-efficient manufacturing operations in developed nations would increase expenditure on new pumping equipment.

Several industries particularly oil & gas and chemicals are rapidly undertaking refurbishment activities. They are actively working on refining their plants and pumping systems. In order to increase production efficiency, it is crucial to upgrade pumping systems.

Technological advancements and the rising adoption of the internet of things (IoT) are creating numerous opportunities for market expansion. Such advanced technologies allow for component remote diagnosis, proactive maintenance, and real-time monitoring.

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Competitive Landscape

Key manufacturers operating in the global dewatering pump market are focusing on strategic alliances to satisfy demand from a rising customer base. They are collaborating with neighborhood distributors and end users.

Owing to the presence of several companies, the dewatering pump industry is highly competitive. The market has strong alliances across the value chain. Key companies have a strong emphasis on innovations.

Atlas Copco introduced its new line of dewatering pumps in February 2023. Its E-Pumps are electric self-priming pumps. These are ideal for urban construction projects, mining, and sewage bypass. A few of their features include extended life, non-requirement of an oil change, and low energy consumption.

Key Companies Profiled are Xylem Inc., Atlas Copco AB, Ebara Corporation, Kubota Corporation, KSB SE & Co. KGaA, Grundfos, Sulzer Ltd, Wacker Neuson Group, Tsurumi Manufacturing Co, Ltd., Ruhrpumpen Group, WILO SE, The Weir Group Plc., Kirloskar Brothers Ltd., Grindex AB, Thomson Pump, SPP Pumps, ANDRITZ GROUP, Ingersoll-Rand PLC, Sumitomo Heavy Industries Ltd.

More Insights into the Dewatering Pump Market

The East Asia region is anticipated to dominate the global dewatering pump market over the evaluation period. In 2023, the China dewatering pump market would expand at 6.4% CAGR. Growth in the region is attributed to urbanization and rapid population growth is responsible for pushing dewatering pump demand. It would also elevate with ongoing rapid economic expansion in China.

The European region is expected to create lucrative growth opportunities as Germany is predicted to account for around 26.2% of the share in the forecast period. Germany is rapidly inclining toward a better living standard with a sustainable environment. Hence, the country spends highly on expanding its drinking water capacity. It would also spend huge sums on wastewater treatment.

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Dewatering Pump Market Outlook by Category

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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