According to Future Market Insights (FMI), the global vertical immersion pumps market will be worth more than US$ 3,786.2 million in 2023. Between 2023 and 2033, the vertical immersion pumps market is expected to grow at a rate of more than 4.8%.
According to Future Market Insights, vertical immersion pumps are used in irrigation, dewatering, and water cooling, and this is the primary factor driving market growth. Vertical centrifugal immersion pumps will be in high demand due to their ability to withstand high temperatures without cavitation.
The urban population has increased by about 2% over the last two decades. The vertical immersion pump market in irrigation is expanding to meet the growing demand for basic necessities such as food and crops. As a result, major corporations are implementing technological innovations to capitalise on rising demand.
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This COVID-19 report analysis contains COVID-19 IMPACT on production, demand, and supply chain. This report offers a detailed historical analysis of the global Vertical Immersion Pumps Market from 2017 to 2021, as well as market forecasts from 2022 to 2032 by region/country and subsectors. The study analyses the Vertical Immersion Pumps Market in terms of revenue, sales volume, price, historical growth, and future prospects.
Based on capacity, the vertical immersion pumps up to 100m3/hr capacity are gaining immense popularity, especially for irrigation, dewatering, and potable water supply application.
Key Takeaways from Vertical Immersion Pumps Market Study
- In terms of application, the irrigatioin segment will witness highest growth over the forecast period
- Based on capacity, the up to 100m¬3/hr segment will account for significant share on the back of growing application in irrigation sector
- The U.S. is expected to spearhead the growth in North America vertical immersion pumps market through 2022 & beyond
- By product type, cantilever pump (VS-5) is the most commonly used vertical immersion pump which acquires around half of the market volume-wise.
Who is winning?
The vertical immersion pumps market is fragmented with several key players. As per FMI, top players are expected to hold around 35% to 40% of the market shares. These players are likely to invest in new technology developments and expansion of their distribution networks to maintain their market presence.
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Some of the key players in this industry include
- Ruhrpumpen Group
- Brinkamann Pumps
- KSB Pumps
- Gusher Pumps
- ITT Inc.
- AxFlow Holdings AB
- Lutz JESCO GmbH
- Castle Pumps
- North Ridge Pump
- CRI Pumps
- FLUX Pumps
- Flowserve Corporation
- Tapflo Pumps UK
- Andritz
- Sulzer
- Lenntech BV
- Vertiflo Pump Company
- Salvatore Robuschi
Global Vertical Immersion Pumps Market by Category
By Product Type:
- Line Shaft Pump (VS-4)
- Cantilever Pump (VS-5)
By Capacity:
- Up to 100m3/hr
- 100 to 500m3/hr
- 500 to 1000m3/hr
- Above 1000m 3/hr
By Application:
- Irrigation
- Potable Water Supply
- Water Cooling
- Dewatering
- Geothermal Well
- Oils, Fuels, Lubricants Transfer
- Others
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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