The global Dewatering Pumps Market is a fairly concentrated market, with the organised sector accounting for approximately 49 percent of the global market, followed by Tier 2 and small scale manufacturers. The manufacturers’ primary goal has been to increase their market footprint by expanding their product portfolio and strengthening their sales and distribution network.
To benefit from scale economies, major market players are moving their production hubs to Asia Pacific. As is common, there is a trend towards consolidation in the global market. Recently, there have been a number of mergers; this trend is anticipated to continue in the upcoming years, with profitability continuing to be the key motivator behind these purchases.
Long-term tie-ups with EPC (Engineering Procurement and Construction) companies are expected to provide high and stable sales to international manufacturers of dewatering pump. Most sales of small and medium capacity pumps take place through distributors and retailers, which generally hold multi-branded & wide variety products at their shelves.
Significant chances for expansion can be found by offering integrated offerings through a wide variety of products and building a solid distribution and after-sales support network at the local and regional levels. Strong emphasis on life-cycle costs analysis, including lowering operating costs through energy-efficient solutions, is crucial for product differentiation in order to achieve a competitive edge.
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According to the report by Future Market Insights (FMI), the global dewatering pumps market is expected to witness a CAGR of 5.2% from 2018 to 2028. In 2017, the market was worth US$ 5,498.6 Mn and is expected to rise to a valuation of US$ 9,510.2 Mn by the end of 2028.
Burgeoning Exploration Activities for New Sources of Water to Trigger High Demand
Governments of emerging economies in Asia Pacific and MEA, particularly in countries such as South Africa, Morocco and the UAE, are focusing on improving drinking water facilities in urban as well as rural areas. Also, exploration of new water sources is expected to increase sales of pumps with enhanced capacity and efficiency for agricultural and domestic applications. Desalinization projects are also expected to contribute to adoption of pumps, as most parts of the globe still lack the basic facility of running water.
An estimated 60% of the world is still without running water. ASEAN region is witnessing increase in water supply and sanitation projects by governments, which is likely to boost sales of centrifugal pumps for domestic and agricultural applications. It has been estimated that only 50% of the global population has access to drinking water from a piped connection providing running water in their homes or compounds. As per the analyst, the demand for dewatering pumps across the globe, especially in ASEAN countries will increase owing to these reasons.
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Market Taxonomy
By Equipment
- Civic Infrastructure Construction
- Commercial Construction
- Tunnels
- Mining & Metals
- Paper & Pulp
- Chemicals
- Power Generation
- Food & Beverages
- Municipal
- Others
By Capacity
- 5-3 hp
- 3-10 hp
- 10-50 hp
- Above 50 hp
By Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Middle East & Africa
- China
- South East Asia & Pacific (SEAP)
- India
- Japan
By Application
- Sludge Pumps
- Slurry Pumps
- Drainage Pumps
- Hybrid Pumps
By Technology
- Positive Displacement Type
- Centrifugal Type
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