Press release
Dewatering Pumps Market 2026– Competitive Market analysis, Scope, Trend, Stake, Progress, and Forecast
The dewatering pumps market has witnessed unprecedented growth in recent years, due to the high efficiency of the pumps, especially in the construction industry. An increase in metal & mineral mining activities is the key factor that boosts the adoption of dewatering pumps.The report provides a detailed analysis of the drivers & opportunities, wavering market trends, competitive market scenario, and market size & estimates. According to the report, the global dewatering pumps market was estimated at $6.37 billion in 2018 and is expected to reach $10.13 billion by 2026, registering a CAGR of 5.9% during the period 2019–2026.
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The non-submersible dewatering pumps segment garnered the lion's share in 2018-
Based on type, the non-submersible dewatering pumps segment accounted for three-fourths of the total market revenue in 2018 and is anticipated to rule the roost. Simultaneously, the submersible dewatering pumps segment is predicted to register the fastest CAGR of 6.4% throughout the study period.
In 2018, the construction & agriculture segment dominated the market, due to increase in nonresidential construction activities in the developing nations such as India, China, and Brazil. High demand has been witnessed for dewatering pumps in the rapidly emerging economies, such as Brazil, owing to the presence of several local and regional manufacturers.
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Key Findings of the Dewatering Pumps Market:
• Based on type, the non-submersible dewatering pumps segment dominated the dewatering pumps market, in terms of revenue in 2018, and is projected to grow at a CAGR 5.7% during the forecast period.
• Asia-Pacific is projected to register the highest growth rate in the coming years.
• Key market players within dewatering pumps market are profiled in this report, and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the dewatering pumps industry.
• The report provides an extensive analysis of the current and emerging dewatering pumps market trends and dynamics.
Frontrunners in the industry-
The key market players analyzed in the report include EBARA Corporation, Flowserve Corporation, Sulzer Ltd., KSB SE & Co., The Weir Group PLC, Gorman-Rupp, Xylem, Grundfos, Atlas Copco, and ITT INC.
For instance, the NX type dewatering pump by Hankia Pump Co., Limited is suitable for various dewatering applications such as drainage of rainwater, flood, wastewater, and municipal projects. Furthermore, these players have been adopting developmental strategies, such as acquisition and others, to fuel the dewatering pumps market growth.
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