The global dewatering pump market is expected to bode well over the assessment period from 2023 to 2033 by registering an impressive CAGR of 5.2%. The market is anticipated to attain a valuation of US$ 12,213.6 million by 2033 and reach US$ 7,356.8 million in 2023. Future Market Insights’ historical data shows that between 2018 and 2022, the worldwide dewatering pump market had thriving sales at a CAGR of 3.9%. In 2022, the market’s valuation surpassed US$ 6,981.0 million. The historical period’s growth was attributed to the worldwide boom in construction.
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Several businesses are making investments in the remodelling of their facilities, particularly those in the oil and gas, electrical, and chemical sectors. The infrastructure sector’s increased development activity has caused the dewatering pump market to grow quickly. Sales would also expand as the mining industry’s need for resources grew. Rising industrialization and expanding urbanisation would foster growth in developing and underdeveloped countries. If there was more emphasis on modernising, replacing, and retrofitting old components, sales of dewatering pumps would also rise.
Dewatering pumps are well recognised as being crucial pieces of equipment for numerous sectors. It is widely used to transfer liquids between two locations. As a result, it would be employed in the production of chemical energy as well as in the building and mining of civil infrastructure. Dewatering pumps are anticipated to grow in popularity during the next ten years as a technique to remove water. It can get rid of water that has built up in ditches or foundations. These foundations and ditches undergo excavation.
Report Highlights
Dewatering pumps are well recognised as being crucial pieces of equipment for numerous sectors. It is widely used to transfer liquids between two locations. As a result, it would be employed in the production of chemical energy as well as in the building and mining of civil infrastructure.
Dewatering pumps are anticipated to grow in popularity during the next ten years as a technique to remove water. It can remove water that has accumulated in foundations or ditches. These foundations and ditches undergo excavation.
Sales of dewatering pumps would increase if there was a stronger emphasis on upgrading, replacing, and retrofitting old components. Over the course of the assessment period, sales are expected to increase due to the growing demand for efficient industrial infrastructure in developing countries.
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Recent Developments
Dewatering pumps are being overused by several end-use sectors, which is promoting market expansion. To remove water, these pumps are also used in sewage treatment facilities, power plants, cement plants, and thermal plants. The cost of new pumping equipment would rise due to the developed world’s rising desire for energy-efficient manufacturing activities.
A number of industries, in particular oil and gas and chemicals, are quickly starting renovation projects. Their efforts to improve their plants and pumping systems are ongoing. Modernizing pumping systems is essential to raising production effectiveness.
Increasing internet of things (IoT) adoption and technological improvements are opening up a wide range of chances for market expansion. Real-time monitoring, preventative maintenance, and component remote diagnosis are all made possible by such cutting-edge technologies.
Competitive Landscape
To meet demand from a growing client base, key manufacturers in the global dewatering pump market are concentrating on strategic alliances. They are working together with local distributors and consumers.
The dewatering pump market is very competitive because there are many competitors in it. Strong partnerships exist throughout the value chain in the market. Innovations are highly valued by major corporations.
In February 2023, Atlas Copco unveiled their updated lineup of dewatering pumps. Electric self-priming pumps are what its E-Pumps are. They are perfect for mining, sewage bypass, and urban development projects. They have a long lifespan, don’t need an oil change, and use little energy, among other things.
More Insights into the Dewatering Pump Market
During the course of the evaluation period, it is predicted that the East Asia region will lead the worldwide dewatering pump market. The China dewatering pump market would grow at a 6.4% CAGR by 2023. Urbanization is credited with the region’s expansion, and the region’s rapid population growth is what drives need for dewatering pumps. Additionally, it would increase as China’s economy continues to expand quickly.
Given that Germany is anticipated to account for roughly 26.2% of the share during the projected period, the European region is anticipated to generate profitable growth prospects. Germany is quickly moving in the direction of a higher standard of living and a sustainable environment. As a result, the nation invests much in increasing its drinking water capacity. Also, it would spend a fortune treating effluent.
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