The latest report published by IMARC Group, titled “Dewatering Pumps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the dewatering pumps market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global dewatering pumps market size reached a value of US$ 5.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7.9 Billion by 2027, exhibiting a CAGR of 6.4% during 2022-2027.
Industry Overview and Application:
A dewatering pump refers to a centrifugal pump that is installed to maintain and reduce groundwater levels of construction sites situated on lower ground. It aids in the removal or draining of surface water from a riverbed, construction site, caisson, or mine shaft. Apart from this, a dewatering pump is a cost-efficient solution that helps eliminate the cost of solids handling. Consequently, it is majorly used in water expulsion and removal of unwarranted fluids or water present in several industries, including construction, underground mines, flood dewatering, and thermal power plants.
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Dewatering Pumps Market Trends:
The global dewatering pumps are primarily driven by the rapid industrialization and ongoing construction activities of residential and commercial complexes. In line with this, the increasing investment and initiatives by several industries to refurbish, replace and upgrade their plants and infrastructure are stimulating the product demand. Moreover, dewatering pumps are highly efficient, have a large wear-resistant capacity, and offer long service life at minimal maintenance and wide flow-rate accommodation. Therefore, it is widely adopted by the food & beverages (F&B) and power generation industries to remove extra water from sludge. Furthermore, expanding the oil and gas sector supported by increasing production of hydraulic fracturing operations is influencing the market growth. Besides this, the growing demand for wastewater management treatments and the advent of automated dewatering pumps in compact designs to help pump fresh or dirty water mixed with abrasives are supporting the market growth.
Dewatering Pumps Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the dewatering pumps market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Key Market Segmentation:
The report has segmented the dewatering pumps market on the basis of breakup by type, capacity, application and region.
Breakup by Type:
Breakup by Capacity:
Breakup by Application:
Breakup by Region:
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Key Highlights of the Report:
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