IMARC Group, a leading market research company, has recently releases report titled Dewatering Pumps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, The study provides a detailed analysis of the industry, including the global dewatering pumps market trends, share, size, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the dewatering pumpsmarket?
Report Attributes | Details |
Market Size in 2022 | US$ 5.8 Billion |
Market Forecast in 2028 | US$ 8.4 Billion |
Growth rate (2023 to 2028) | CAGR of 7% |
Base Year of the Analysis | 2022 |
Forecast Period | 2023-2028 |
What are dewatering pumps?
A dewatering pump refers to a centrifugal pump that is installed to maintain and reduce groundwater levels of construction sites situated on lower ground. It aids in the removal or draining of surface water from a riverbed, construction site, caisson, or mine shaft. Apart from this, a dewatering pump is a cost-efficient solution that helps eliminate the cost of solids handling. Consequently, it is majorly used in water expulsion and removal of unwarranted fluids or water present in several industries, including construction, underground mines, flood dewatering, and thermal power plants.
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What are the growth prospects and trends in the dewatering pumps industry?
The global dewatering pumps are primarily driven by the rapid industrialization and ongoing construction activities of residential and commercial complexes. In line with this, the increasing investment and initiatives by several industries to refurbish, replace and upgrade their plants and infrastructure are stimulating the product demand. Moreover, dewatering pumps are highly efficient, have a large wear-resistant capacity, and offer long service life at minimal maintenance and wide flow-rate accommodation. Therefore, it is widely adopted by the food beverages (FB) and power generation industries to remove extra water from sludge. Furthermore, expanding the oil and gas sector supported by increasing production of hydraulic fracturing operations is influencing the market growth. Besides this, the growing demand for wastewater management treatments and the advent of automated dewatering pumps in compact designs to help pump fresh or dirty water mixed with abrasives are supporting the market growth.
Who are the key players operating in the industry?
The report covers the major market players including:
- Atlas Copco AB
- Ebara Corporation
- Flowserve Corporation
- Grundfos Holding A/S
- ITT INC.
- KSB SE Co. KGaA
- Sulzer Ltd.
- The Gorman-Rupp Company
- The Weir Group PLC
- Wacker Neuson SE
- Xylem.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Submersible Dewatering Pumps
- Non-Submersible Dewatering Pumps
Breakup by Capacity:
- 05-3 HP
- 3-10 HP
- 10-50 HP
- Above 50 HP
Breakup by Application:
- Construction and Agriculture
- Oil and Gas
- Municipal
- Mineral and Mining
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)
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