Global Dewatering Pumps market is estimated to reach $9.05 Billion by 2025; growing at a CAGR of 6.1% till 2025.
The process of dewatering involves extracting and removing the water from a construction site, a riverbed, a mine shaft, or any other area. It’s frequently done earlier to work beginning in the area. An instance is in underground mining in which water penetrating the adits is pumped up to the surface.
Global Dewatering Pumps Market: Growth Factors
Growing construction activities, robust from the mining industry, intense industrialization and rapid urbanization in developing countries are vital influential factors of the market. However, volatile raw material pricing and high operating costs associated with these pumps might hamper the market growth. Moreover, strict government regulations for the use of energy-saving devices and growing demand for wastewater management would provide lucrative opportunities for the market in the coming years. Furthermore, manufacturers focusing on design energy-efficient pumps will also propel the market growth in the forecast period. For instance, BBA Pumps BV offers a series of PT wellpoint dewatering pumps that offer nominal maintenance, top-quality suction lift, and long service life.
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Global Dewatering Pumps Market: Segmentation
The global dewatering pumps market is mainly classified based on type and application. Type is further bifurcated into submersible dewatering pumps and non-submersible dewatering pumps. Among them, the submersible pumps accounted for the majority of the share owing to its high demand in various applications. Based on application, the market is segmented into construction & agriculture, oil & gas, municipal, mineral & mining, and others. Construction & agriculture is the most popular application used by dewatering pumps.
Global Dewatering Pumps Market: Regional Analysis
Based on geography, the global Dewatering Pumps market is divided into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is segmented into South America, Middle East, and Africa. The Asia-Pacific region is the primary region dominating the global market and is expected to continue its trend throughout the forecast period. The high growth in the area is attributed to the massive agriculture activities going on in India, China and other emerging economies in the APAC region.
Global Dewatering Pumps Market: Competitive Players
Key players operating in the market include Atlas Copco, Ebara Corporation, Flowserve Corporation, Grundfos, Gorman-Rupp, ITT INC., KSB SE & Co., Sulzer Ltd., The Weir Group PLC, and Xylem among others.
Dewatering Pumps Market Key Segments:
Submersible Dewatering Pumps
Non-submersible Dewatering Pumps
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Construction & Agriculture
Oil & Gas
Mineral & Mining
Rest of Europe
Rest of Asia Pacific
Rest of the World
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