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According to IMARC Group’s latest report, titled “Dewatering Pumps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, 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. Dewatering pumps refer to centrifugal pumps that are mainly used for removing unwanted water from tunnels, construction sites, buildings and mining areas. They are mainly equipped with a rotating impeller that creates a vortex to remove the air out of the hose, which enables the unwanted water to rise to the pump. They are generally installed below the groundwater level to help in reducing and maintaining the water level. Some of the commonly utilized dewatering pumps include a drainage pump with a strainer and a dewatering sludge pump, wherein a drainage pump with a strainer is designed to remove water with abrasives and a dewatering sludge pump is used to remove water with solids.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The global market is primarily driven by the growing product demand from the construction sector. This is due to the increasing infrastructural development projects across several countries. In line with this, the rising investments by private and public agencies for controlling groundwater level across commercial, residential and industrial locations is catalyzing the demand for dewatering pumps on the global level. Along with this, the increasing mining activities as a result of the augmenting energy consumption due to the increasing population level is creating a positive market outlook. Moreover, continual technological advancements, such as the introduction of automatic and heavy-duty dewatering pumps to cater to the growing demand from the industrial sector and meet the international quality standard, are impacting the market growth favorably. Other factors, including rapid urbanization, continuous product innovations, product miniaturization, diversified product variants and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market.
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:
The report has segmented the dewatering pumps market on the basis of breakup by type, capacity, application and region.
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Key Highlights of the Report:
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