The global Dewatering Pump Market size would reach USD 7,356.8 million in 2023. It would expand at a CAGR of 5.2% from 2023 to 2033. By 2033, it would reach a valuation of USD 12,213.6 million.
The market for dewatering pumps is expanding as a result of construction activities in the infrastructure sector. Rising resource demand in the mining sector would also boost sales. Growing industrialization and expanding urbanization in developing and underdeveloped countries would augment growth.
Dewatering pumps are a crucial piece of equipment for various industries. It is an equipment that is used to transfer fluid from one place to another. Hence, it would find usage in mining & metal, civil infrastructure & construction, and chemical power generation.
There are four types of dewatering pumps. These include sludge pump, slurry pump, drainage pump, and hybrid pumps. These can be used for both sludge and hybrid.
Dewatering pumps would become increasingly popular as a means of removing water. It can remove water that has accumulated in foundations or ditches. These ditches and foundations are excavated.
Rising urban development projects would also 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.
Several industries, including food & beverage, power generation, and others utilize these pumps. They are extremely efficient and have an excellent wear-resistant capacity.
They also have long service lives, require little maintenance, and have a wide range of flow rates. These are the prominent growth factors for the global dewatering pump market.
According to Future Market Insights (FMI), the market would create an absolute dollar opportunity of USD 4,856.9 million during the assessment period. The sludge pump segment would hold a prominent dewatering pump market share by 2033.
Water management and unwatering are other terminologies for draining or removing groundwater or surface water. It is removed from a caisson, mine shaft, or riverbed through evaporation or pumping.
Attributes | Key Insights |
---|---|
Dewatering Pump Market Estimated Size (2023E) | USD 7,356.8 million |
Projected Market Valuation (2033F) | USD 12,213.6 million |
Value-based CAGR (2023 to 2033) | 5.2% |
Collective Value Share: Top 3 Countries (2023) | 43.3% |
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According to Future Market Insights, dewatering pump sales flourished at a CAGR of 3.9% between 2018 and 2022. Surging global construction activities were witnessed in the historical period.
Development of various industries across the globe led to construction activities. Rising adoption of dewatering pumps in the oil & gas, power generation, water & wastewater treatment, and mining industries would push demand.
The global market crossed a valuation of USD 6,981.0 million in 2022. Various industries, particularly oil & gas, power, and chemicals are investing in refurbishment of their plants.
They are upgrading their pumping systems to increase production efficiency. Rising demand for effective industrial infrastructure in developing regions would also bolster sales.
Increasing focus on retrofitting, upgrades, and replacement of aging components would also drive dewatering pump sales. Future Market Insights hence predicts the global dewatering pump market to expand at 5.2% CAGR through 2033.
Demand for Submersible Dewatering Pumps to Elevate with Increasing Food & Beverage Production
Refurbishment Activities in Several Industries to Augment Sales of Electric Dewatering Pumps
Industrial Dewatering Pumps to Exhibit Immense Popularity Worldwide by 2033
Market Statistics | Details |
---|---|
Jan to Jun (H1), 2021 (A) | 4.80% |
Jul to Dec (H2), 2021 (A) | 5.40% |
Jan to Jun (H1),2022 Projected (P) | 5.40% |
Jan to Jun (H1),2022 Outlook (O) | 5.60% |
Jul to Dec (H2), 2022 Outlook (O) | 5.00% |
Jul to Dec (H2), 2022 Projected (P) | 5.20% |
Jan to Jun (H1), 2023 Projected (P) | 4.80% |
BPS Change : H1, 2022 (O) to H1, 2022 (P) | 40 ↑ |
BPS Change : H1, 2022 (O) to H1, 2021 (A) | 80 ↑ |
BPS Change: H2, 2022 (O) to H2, 2022 (P) | - 20 ↓ |
BPS Change: H2, 2022 (O) to H2, 2022 (A) | - 40 ↓ |
Country | USA |
---|---|
Market Share (2023) | 11% |
Market Share (2033) | 17% |
BPS Analysis | 600 |
Country | China |
---|---|
Market Share (2023) | 20% |
Market Share (2033) | 24% |
BPS Analysis | 400 |
Country | India |
---|---|
Market Share (2023) | 6% |
Market Share (2033) | 10% |
BPS Analysis | 400 |
Country | Germany |
---|---|
Market Share (2023) | 3% |
Market Share (2033) | 5% |
BPS Analysis | 200 |
Country | United Kingdom |
---|---|
Market Share (2023) | 2% |
Market Share (2033) | 3% |
BPS Analysis | 100 |
Water Reclamation Plants in China to Seek Advanced Dewatering Sump Pumps
In 2023, the China dewatering pump market would expand at 6.4% CAGR. Across the East Asia region, China would hold a prominent share of the global market during the forecast period.
Urbanization and rapid population growth are responsible for pushing dewatering pump demand. It would also elevate with ongoing rapid economic expansion in China.
Increasing modernization of infrastructure in China would offer impressive opportunities to dewatering pump manufacturers. Demand for these pumps would also surge amid immigration of people from rural to urban areas.
Dewatering pumps will be needed across waste & water treatment, food & beverage, and power generation industries. Apart from wastewater treatment plants, water reclamation, and resource recovery stations would also exhibit high dewatering pumps demand in China.
Increasing Exploration of Crude Oil in Germany to Push Industrial Dewatering Pump Sales
Germany is one of the most lucrative markets for dewatering pumps in Europe. Future Market Insights predicts the country to hold around 26.2% of share in the forecast period.
Germany is 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.
It will in turn increase dewatering pump demand in Germany. It is a key mining country in Europe. Hard coal, lignite, natural gas, and crude oil are a few important mineral resources mined in the country.
Increasing fossil fuel and mineral ore requirements in Germany would encourage exploration activities in the mining industry. Slurry, sludge, and hybrid type of dewatering pumps are extensively used in the Germany mining industry.
Sludge Dewatering Equipment to Witness Skyrocketing Demand across the Globe
By product type, the sludge pumps segment currently leads the global market for dewatering pumps. It would generate a share of 32.3% in the global market throughout the assessment period.
Sludge pumps are expected to cover nearly 25% of the global market by 2033. Increasing use of these pumps in the mining and wastewater treatment industries would drive sales.
Sludge pumps are excellent for pumping out dirty water with sludge. These pumps are portable and simple to use due to their small design.
These pumps are provided with an integrated unit. They always rotate their impellers in the proper direction. It results in peak performance and decreased wear.
Small Dewatering Pumps with a Capacity of 3 to 10 HP to Gain Traction by 2033
The 3 to 10 HP dewatering pump segment dominates the global dewatering pump industry by capacity. It held a share of around 26.5% in 2022, reports Future Market Insights.
The segment accounts for more than one-fourth of the global market. These high-pressure pumps are used in agriculture and irrigation applications.
These are easy to operate, and are suitable for portable purposes. These have high robustness and durability. These features make them the preferred choice among end users.
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With numerous manufacturers active in the market, the dewatering pump industry is highly competitive. The market has strong alliances across the value chain. Key companies have a strong emphasis on innovations.
Manufacturers are aiming for strategic alliances to satisfy demand from a rising customer base. They are collaborating with neighborhood distributors and end users.
It is challenging for new entrants to keep up in the market. It is mainly due to brand consciousness and aggressive marketing. Companies are seeking competitive advantages with these developments.
For instance,
Attribute | Details |
---|---|
Estimated Market Size (2023) | USD 7,356.8 million |
Projected Market Valuation (2033) | USD 12,213.6 million |
Value-based CAGR (2023 to 2033) | 5.2% |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | Value (USD million) |
Key Regions Covered | North America; Latin America; Europe; Eastern Europe; East Asia; South Asia & Pacific; and the Middle East & Africa |
Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordics, BENELUX, China, Japan, South Korea, India, Association of Southeast Asian Nations, Australia and New Zealand, Gulf Cooperation Council Countries, Türkiye, Northern Africa, and South Africa |
Key Market Segments Covered | Product Type, Capacity, Technology, End Use, and Region. |
Key Companies Profiled | 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. |
The overall market is projected to follow a growth rate of 5.2% through 2033.
By 2033, the net worth of the whole industry could reach around USD 12,213.6 million.
China currently holds 20% of the global market and is also poised to follow a 6.4% CAGR through 2033.
Inclination towards sustainable growth created a global market share of 26.2% in Germany in 2022.
The sludge pump segment is quite popular and generates a market revenue of more than 30%.
Market Size, 2023 | USD 9,924.1 million |
---|---|
Market Size, 2033 | USD 22,645.8 million |
Value-based CAGR, 2023 to 2033 | 8.6% |
Market Size (2022) | USD 37.1 million |
---|---|
Market Size (2032) | USD 68.95 million |
Market CAGR (2022 to 2032) | 5.3% |
Market Estimated Size in 2022 | USD 1.3 Billion |
---|---|
Market Projected Size in 2028 | USD 1.6 Billion |
Market Value-Based CAGR (2022 to 2028) | 4.3% |
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