The global vertical immersion pumps market is projected to expand, with a Y-o-Y growth of 3.7% in 2022. The market is likely to reach USD 3,786.2 million in 2023. Growth is primarily attributed to the advent of automation industry-wide and the adoption of IoT devices.
Overall sales in the market are anticipated to increase at a CAGR of 4.8% between 2023 and 2033. Key trends leading the path of the vertical immersion pumps industry include:
Manufacturers are progressively implementing these technologies into their products. To increase the effectiveness and dependability of their pumps, decrease downtime, and improve overall operational performance.
The growing emphasis on energy efficiency and sustainability is another trend that thrives the demand for vertical immersion pumps. Manufacturers are working to create pumps that use less energy, emit fewer greenhouse gasses, and last longer. To lessen the negative effects their products have on the environment, they are also using environmentally friendly materials and manufacturing techniques.
| Attributes | Details |
|---|---|
| Vertical Immersion Pumps Market CAGR (2023 to 2033) | 4.8% |
| Vertical Immersion Pumps Market Size (2023) | USD 3,786.2 million |
| Vertical Immersion Pumps Market Size (2033) | USD 6,050.8 million |
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Key players in the market are adopting strategies such as acquisition and collaboration with local and regional players. With ongoing technological advancements by leading players, coupled with increased investment in intangible assets, the sales of vertical immersion pumps are anticipated to surge. Future Market Insights predicts the global vertical immersion pumps industry is likely to expand at 4.8% CAGR through 2033.
| Market Size (2018) | USD 3,466.74 million |
|---|---|
| Market Size (2022) | USD 3,613.8 million |
| Expected Market Size (2026) | USD 4,358 million |
Consumer behavior and industry requirements evolve. Hence, the possibility of cross-contamination with metals (in plating applications) and polymers is eliminated. When pumps for high-purity applications are manufactured of a single material.
As vertical immersion pumps are easier to repair than submersible pumps, the demand for these pumps for dewatering and irrigation is increasing. As the entire assembly is submerged in the fluid, several industrial applications necessitate submersible pump maintenance in very tight, difficult-to-access places.
Submersible pumps are frequently used in duty/standby mode and constantly tested for signs of wear and tear in several applications. This is likely to result in widespread adoption.
For cavitation, vertical centrifugal immersion pumps are highly sought-after among end users. When transferring high-temperature liquids close to their boiling point, the available NPSH margin is extremely less.
As self-priming pumps lose efficiency over time in the application and run the risk of cavitation. Vertical immersion pumps are used in areas where they are more powerful than self-priming pumps. Due to a doubling of wear ring clearances, the NPSH required by a pump can increase by 50%.
In the market, vertical centrifugal pumps have more potential than submersible ones. Submersible pumps are typically not appropriate, because high-temperature fluids frequently destroy pump seals. On the other hand, vertical column pump seals are accessible as they are outside the fluid.
Immersion in the vertical plane pumps is appropriate for applications involving caustic fluids, solid particles, or fluids that must be pumped at high temperatures. This is due to the motor being placed outside of the fluid, leaving just the mechanical pieces to operate within it.
As a result, manufacturers are developing pumps with better operating performance to extend the lifetime of the equipment. They are also improving the maintenance compact design of the vertical immersion pumps. To ensure easy installation and maintenance-friendly operation.
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In 2022, the United States vertical immersion pumps sector is expected to register 4.4% year-on-year growth, in terms of volume. The United States market is projected to witness steady growth on the back of the development of innovative products and new projects:
According to FMI, the United States market share is likely to be 13.9% in 2023. Sales are projected to surpass USD 888.5 million by the end of 2032.
| Japan Market Share (2022) | 5.6% |
|---|---|
| Japan Market Size (2033) | USD 345.4 million |
| Japan Market CAGR (2023 to 2033) | 5.8% |
Japan is expected to emerge as the leading market for vertical immersion pumps in East Asia by the end of 2033. Strong market players' presence and the effective solutions they offer are credited with this growth. Manufacturers' initiatives increase the region's revenue flow.
For instance:
From 2023 to 2033, India is estimated to expand at a CAGR of 4.2%. Demand for vertical immersion pumps is expected to be high due to the expansion of the irrigation sector. India is one of the leading countries with rapid urbanization. On account of this, India's vertical immersion pumps business is projected to reach around USD 281.0 million by 2033.
By 2033, China is anticipated to expand at a notable CAGR of 3.8%. The construction of new infrastructure is a key factor influencing market expansion. The government in China is concentrating on enhancing the nation's infrastructure. This is to draw in foreign investment and manufacturing sectors, which is anticipated to increase the output of the country's manufacturing sector.
Rapid urbanization and industrialization trends have increased the demand for water and other related utilities. This has had an impact on the vertical immersion pumps business. Other factors include the growth of city infrastructure and the increased use of pumps in buildings.
Also, positive displacement pumps are becoming more widely used on a global scale. As a result of their expanding applications among end customers, including the water, oil, chemical, and food and beverage sectors.
Positive displacement pumps' versatility in performing well in a range of situations. Such as high viscosity, high pressure, and differential flow pressure operations, is largely to blame for this increase.
According to FMI, the cantilever pumps (VS-5) product type is projected to create an absolute dollar opportunity of more than USD 1,042.7 million between 2023 and 2033. This is attributed to several factors:
Benefits of Standard Pump: A centrifugal pump with the impeller submerged in the fluid to be pumped is known as a cantilever pump. However, unlike a standard vertical column sump pump, the impeller and shaft are not supported by bearings beneath the motor.
Range of Applications: The cantilever sump pump line was created to pump a variety of slurries and clean and polluted liquids. The vertical pump is ideal for a wide range of industrial applications. Due to its excellent versatility through a wide range of designs and hydraulics.
With the increasing population worldwide, the demand for irrigation products is surging. As per FMI, the irrigation segment is projected to create an absolute dollar opportunity of more than USD 294 million between 2023 and 2033. With the expansion of the irrigation sector across the globe, the application of vertical immersion pumps is likely to burgeon. Moreover, the market is likely to have a share of 19.7% in 2023.
Based on capacity, the Up to 100m3/hr segment dominates the market, with an expected market share of 30.7% in 2023. Applications in numerous end-use sectors are responsible for this increase. The need for up to 100m3/h vertical immersion pumps is likely to reach new heights. As these pumps are used to handle and transport many forms of wastewater, including industrial and municipal wastewater.
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The market is anticipated to expand in the upcoming years as a result of ongoing technological advancements, new launches, and rising public awareness. Leading manufacturers are concentrating on creating and innovating new technologies. Including performance improvement with effective efficiency and better discharge rate.
Recent Developments:
The sales of vertical immersion pumps are anticipated to be worth USD 6,050.8 million by 2033.
The growth potential of the market is 4.8% through 2033.
Growing cognizance about the benefits of submersible pumps and increasing focus on sustainability.
Two types of vertical immersion pumps, including line shaft pump and cantilever pump, are available in the market.
Automation and IoT are changing the face of vertical immersion pumps market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Line Shaft Pump (VS-4) 5.2. Cantilever Pump (VS-5) 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Capacity 6.1. Up to 100m3/hr 6.2. 100 to 500m3/hr 6.3. 500 to 1000m3/hr 6.4. Above 1000m3/hr 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Irrigation 7.2. Potable Water Supply 7.3. Water Cooling 7.4. Dewatering 7.5. Geothermal Well 7.6. Other Applications 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Ruhrpumpen Group 16.2. Brinkamann Pumps 16.3. KSB Pumps 16.4. Gusher Pumps 16.5. ITT Inc. 16.6. AxFlow Holdings AB 16.7. Lutz JESCO GmbH 16.8. Castle Pumps 16.9. North Ridge Pump 16.10. CRI Pumps 16.11. FLUX Pumps 16.12. Flowserve Corporation 16.13. Tapflo Pumps UK 17. Assumptions & Acronyms Used 18. Research Methodology
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Vertical Immersion Pumps Market
