The global dewatering pumps market size is expected to reach $10,133.4 million in 2026 from $6,374.1 million in 2018, growing at a CAGR of 5.9% from 2019 to 2026.
Dewatering is a process that helps to eradicate water from solid material or soil through centrifugation, filtration, wet classification, or alike solid-liquid separation methods. A dewatering pump is specially designed to handle sediment-laden water from a construction site, sediment basin, or an excavated area.
Several benefits offered by dewatering pumps such as abrasion resistance & enhanced operational proficiency and implementation of stringent energy-saving government regulations to monitor the manufacture of pumps are the key factors that propel the growth of the global dewatering pumps market. In addition, rise in construction activities globally is projected to fuel the development of the industry. Moreover, worldwide increase in consumption of oil & gas products is expected to boost the market growth
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. However, uneven prices of raw materials is the major challenge faced by the vendors operating in the dewatering pump industry, thereby hampering the market growth. On the contrary, upsurge in demand for water & wastewater management is anticipated to offer lucrative opportunities for the players in the dewatering pumps industry.
The global dewatering pumps market is segmented based on type, application, and region. On the basis of type, the market is categorized into the submersible dewatering pump and non-submersible dewatering pumps. The submersible dewatering pump segment is anticipated to dominate the global dewatering pumps market in the upcoming years. By application, the market is segregated into construction & agriculture, oil & gas, municipal, mineral & mining, and others. The construction & agriculture segment is projected to dominate the global dewatering pumps market throughout the study period.
The global dewatering pumps market is analyzed across four geographical regions, which includes North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Russia, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific is expected to hold the largest market share throughout the study period, however, LAMEA region is expected to grow at the fastest rate.
The key market players profiled in the report of dewatering pumps market include Atlas Copco, EBARA Corporation, Flowserve Corporation, Grundfos, Gorman-Rupp, ITT INC., KSB SE & Co., Sulzer Ltd., The Weir Group PLC, and Xylem. Other companies operating in the market are Honda Power Equipment, BBA Pumps, Designed & Engineered Pumps, Ruhrpumpen, Atlantic Pumps Ltd, Tsurumi Pump, Veer Pump, Wacker Neuson, Mersino Dewatering, Kirloskar Pumps, and Zoeller Pumps.
Many competitors in the dewatering pumps market adopted product launch as their key developmental strategy to improve their product portfolio and sustain the intense competition. For instance, in January 2018, Gorman-Rupp introduced an innovative ValuPrime Line, which is an economical priming-assisted submersible dewatering pump.
KEY BENEFITS FOR STAKEHOLDERS
Ø The report provides an extensive analysis of the current and emerging dewatering pumps market trends and dynamics.
Ø In-depth market analysis is conducted by constructing market estimations for the key market segments between 2018 and 2026.
Ø Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
Ø A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
Ø Key market players within dewatering pumps market are profiled in this report, and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the air filtration media industry.
GLOBAL DEWATERING PUMPS MARKET SEGMENTS
Submersible Dewatering Pumps
• Non-submersible Dewatering Pumps
• Construction & Agriculture
• Oil & Gas
• Mineral & Mining
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• North America
o Rest of Europe
o Rest of Asia-Pacific
o Latin America
o Middle East
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• Atlas Copco
• Ebara Corporation
• Flowserve Corporation
• ITT INC.
• KSB SE & Co.
• Sulzer Ltd.
• The Weir Group PLC