Press release
Dewatering Pumps Market Growth, Size, Demands and Trends with Players 2026 | By Industry Analysis
The dewatering pumps market has witnessed an unprecedented growth in the recent years, due to high efficiency of the pumps, especially in the construction industry. Increase in metal & mineral mining activities is the key factor that boosts the adoption of dewatering pumps. The market in LAMEA is in its nascent stage, and is expected to witness significant growth in the future, owing to increase in adoption of dewatering pumps in the mining sector.The global dewatering pumps market size was valued at $6,374.1 million in 2018, and is projected to reach $10,133.4 million by 2026, growing at a CAGR of 5.9% from 2019 to 2026. In 2018, Asia-Pacific dominated the global market in terms of revenue, accounting for around 43.1% share, followed by Europe.
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Leading Players:
The major players in global dewatering pumps industry such as Atlas Copco AB, ITT Inc., and others have focused on new acquisitions and product launches to strengthen their presence in the market. These competitors expand their business merging small and medium size companies to sustain the intense competition.
Dewatering Pumps Market Segments:
By Type
Submersible Dewatering Pumps
Non-submersible Dewatering Pumps
By Application
Construction & Agriculture
Oil & Gas
Municipal
Mineral & Mining
Others
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Growth Factor:
The dewatering pumps market has witnessed an unprecedented growth in the recent years, due to high efficiency of the pumps, especially in the construction industry. Increase in metal & mineral mining activities is the key factor that boosts the adoption of dewatering pumps. The market in LAMEA is in its nascent stage, and is expected to witness significant growth in the future, owing to increase in adoption of dewatering pumps in the mining sector.
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.
By application, the municipal segment is projected to grow at a CAGR of 7.1% 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.
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