Dewatering Pumps Market Size, Share, Growth Report 2030

Description

According to Zion Market Research, the global dewatering pumps market size in terms of revenue was valued at around USD 7.01 billion in 2022 and is expected to reach a value of USD 10.87 billion by 2030, growing at a CAGR of 5.69% from 2023 to 2030. The global dewatering pumps market is projected to grow at a significant growth rate due to a number of driving factors.

Global Dewatering Pumps Market: Overview

The demand for dewatering pumps is growing with the rise in residential complexes, industrialization, and the mining industry. Dewatering pumps are primarily used to remove the excess of water saturated in mining and construction sites. Additionally, due to expanding construction sites for residential purposes, the use of dewatering pumps has increased at a significant rate. Constructing buildings below the water bench level are critical and need the removal of water part to ensure the stability of buildings. Dewatering pumps use a vertical turbine pump or submersible pump to remove excess water from the construction site. Furthermore, due to their importance in underground mining, power plants, tunnel construction, and cement plants, the demand for dewatering pumps is increasing all over the world.

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Global Dewatering Pumps Market: Growth Factors

The global dewatering pumps market is rising at a significant rate. The factors contributing to the growth of the market include rapid growth in industrialization, mining, and tunnel construction. Furthermore, the growing demand for dewatering pumps from building constructions is adding significant revenue to the global dewatering pumps market. The importance of dewatering pumps is more in construction sites as the water saturated in the construction site can hamper the strength and speed of work, dewatering is required in construction sites where the sub-surface diggings are required before the worker starts the work to develop cellar space and shoring. Hence dewatering pumps play a crucial role in taking out excess water and providing dry space for work. Furthermore, the presence of water in mines makes it impossible to work which is why the need for dewatering pumps increases at mining sites. On the other hand, the high cost required in the operation of dewatering pumps may hamper the growth of the market over the forecast period. However, advances in pump technology are expected to offer efficient and cost-effective dewatering solutions which will provide better growth opportunities to the global dewatering pumps market over the forecast period.

The COVID-19 pandemic situation severely hampered the growth of the global dewatering pumps market. Strict lockdowns imposed by several governments to stop the spread of infection led to a halt on all construction activities. This has directly impacted the demand for dewatering pumps all over the world. Moreover, due to a temporary halt in manufacturing activities, the production of new products also got hampered. Also, with the disruption of the distribution chain, the supply of products was hampered all around the world.

Global Dewatering Pumps Market: Segmentation

The global dewatering pumps market is bifurcated into type, application, and region. Based on the type, the market is divided into non-submersible dewatering pumps and submersible dewatering pumps. Amongst these, submersible dewatering pumps are expected to hold a major share of the type segment over the forecast period. Based on application, the market is split into construction & agriculture, oil & gas, mineral & mining, and others. The construction & agriculture segment is expected to register rapid growth over the forecast period. The growth of the global dewatering pumps market in the construction & agriculture segment is expected to rise at an exponential rate owing to the growing rate of residential as well as commercial construction and rapid growth in agricultural land development.

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Global Dewatering Pumps Market: Regional Analysis

Asia Pacific is anticipated to be the largest revenue maker in the global dewatering pump market over the forecast period. The factors contributing to the rapid growth of the market in this region include the increasing use of submersible pumps in the industrial and construction sectors. The industries in the Asia Pacific region are expanding at a significant rate. Moreover, government initiatives in developing economies such as China and India to expand their business have fueled the growth of many industries and construction is among the major sector in these countries. However, North America and Europe are expected to grow at a significant rate and contribute a healthy share of the global dewatering pumps market.

Global Dewatering Pumps Market: Competitive Players

The key players operating in the global dewatering pumps market are KGaA, Atlas Copco AB, KSB SE & Co. Flowserve Corporation, Ebara Corporation, Grundfos Holding A/S, The Gorman-Rupp Company, Sulzer Ltd., The Weir Group PLC, Xylem Inc., and ITT Inc, among others.

Global Dewatering Pumps Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provide

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, ongoing, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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