Industries > Utilities > Dewatering Pump Market Report 2019-2029
Dewatering Pump Market Report 2019-2029
A Global Dewatering Pump Market Estimate and Forecast – Industry Insights for Consumption, Demand, Production, Price Trend, Competitive Intelligence and Opportunity Analysis Along the Value Chain
The global dewatering pump market was valued at $6.4 billion in 2018. Dewatering pumps are used for removing and extricating the water from mine shaft, construction site and riverbed and is used with the help of vertical turbine pump and submersible pump. Furthermore, dewatering process is used in the area where buildings are to be constructed below the water bench level. Moreover, these pumps are gaining increasing acceptance in thermal plants, tunnel construction, power plants, underground mines, construction industries, cement plants, and flood dewatering.
Moreover, the dewatering is required in the construction sites where the sub-surface diggings are required before the worker starts the work in order to develop cellar space and shorings. Additionally, in the mining sites dewatering is implemented in order to enable productive and safe accessibility to minerals. It is an on-going process and cost-efficient method although dewatering could be done by various other methods such as electro-osmosis and gravity flow. Dewatering pumps are considered to be most efficient, convenient and rapid in providing satisfactory outcomes to the manufacturer and thereby bolstering the growth of the global dewatering pump market.
The rampant growth in mining industry is the key factor driving the growth of the global dewatering pump market. At the mining operations underground drainage and dewatering along with gravel pits or quarries is a prerequisite in order to ensure unimpeded operations. Moreover, these pumps provide a conducive environment for developing optimal production capabilities due to high costs involved with the operations of underground mining. Pumps such as centrifugal pumps, submersible pumps, slurry pumps, diaphragm pumps magnetic drive pumps, self-priming pumps and borehole pumps are used in the mining industry, depending upon the needs and requirement for fluid transfer.
Increasing construction activities worldwide and rapid industrialisation and urbanisation are the key factors driving the growth of the global dewatering pump market. Dewatering activity in construction industry is an act of eliminating surface water and groundwater from a construction area. Moreover, dewatering activity in construction domain involves the process of eradicating water from soil using wet arrangements. The increasing construction activities being implemented in developed as well as developing nations requires dewatering pumps to remove water on a continuous basis to ensure smooth functioning of the projects and thereby fuelling growth of global dewatering pump market.
However, high operating costs associated with the use of pumps along with unstable prices of raw material are the key factors that are hampering the growth of global dewatering pump market.
Dewatering pump market forecast 2019 – 2029 estimates the historical market size in terms of consumption as well as revenue generated by the industry players across the globe. It offers the opportunity analysis along the value chain for the dewatering pump manufacturers. Also, the report offers the vendor analysis along with price trend which provides an edge to the stakeholders especially manufacturers to create a better understanding of the market. Oil and gas, mining and construction, municipal, industrial and other industry players benefit from the product benchmarking and matrix helping them to take right decision in choosing the right product with optimum prices suited for their end use applications.
The reports provide the analysis based on type and end user segment. On the basis of type, the global dewatering pump market is categorised into non-submersible dewatering pumps and submersible dewatering pumps. Among these two segments, submersible dewatering pumps are anticipated to witness faster growth during the forecast period. Submersible dewatering pumps are placed at the same level as that of the water and require less operating space. Moreover, these pumps are submerged inside a fluid that is not being pumped and thereby pushes the fluid in order to place the pipe on an upward surface.
Based on end user, the global dewatering pump market is segmented into oil and gas, mining & construction, municipal, industrial, and others. Among these segments, dewatering pump in mining & construction domain is anticipated to generate largest revenue throughout the estimated period. These pumps are used for fabricating in tough conditions, delivery efficiency, reliable operation and corrosion resistant materials that helps oil & gas industry to efficiently handle gasoline, oil and hydrocarbons.
The dewatering pump market in Asia-Pacific is estimated to become largest revenue holder during the forecast period owing to increasing acceptance of submersible pumps in industrial and construction domain. Moreover, increased government regulations implemented in developing economies such as China and India in manufacturing operations and increasing awareness among the consumers pertaining to energy savings are extensively driving the growth of dewatering pumps in this region. Additionally, in countries such as in India and China extensive demand pertaining to wastewater management systems is thus strengthening the growth of dewatering pumps market in Asia-Pacific.
The report also offers the insights for the North American, European, Latin American, and Middle East and African Market. A detail analysis of historic and forecast consumption data, revenue in the market and competitive analysis for major competitors in each region is also provided.
The eminent key players in the global dewatering pump market are undertaking mergers and acquisitions and collaborations in order to expand their product portfolio and gaining competitive advantage. Moreover, the key player in this market comprises of both large as well and small service provides making it a fragmented market structure. Some of the players having prominent presence in the global dewatering pump market include KSB SE & Co. KGaA, Flowserve Corporation, Atlas Copco AB, Grundfos Holding A/S, Ebara Corporation, Sulzer Ltd., The Weir Group PLC, The Gorman-Rupp Company, Xylem Inc., and ITT Inc.
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