Impact Of Ongoing Russia And Ukraine Conflict On Vertical Immersion Pumps Market

The market for vertical immersion pumps is expected to increase by 3.7% annually in 2022, reaching US$ 3,613.8 Mn by the end of the year. Industry-wide automation's advent and IoT device adoption are primarily blamed for growth. Between 2022 and 2032, market-wide sales are projected to grow at a CAGR of 4.9%.

It is especially suitable for pumping and circulating aggressive and abrasive media. Vertical immersion pumps offer a similar range of services as magnetic drive centrifugal pumps and enable additional opportunities due to applications in containers or tanks with the installation vertically submerged.Vertical immersion pumps have several advantages such as space-saving by direct installation, saving of suction pipes, energy-efficient, and others. Vertical immersion pumps are majorly used in agricultural irrigation and are available in various sizes, material as well as hydraulic combinations.

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Vertical Immersion Pumps Market: Dynamics

The demand for vertical immersion pumps is continuously increasing from several end-use industries owing to its several advantages over the conventional pumps such as customer-specific installation flange, construction in fully plastic material, variable discharge connection, space-saving by direct installation, saving of suction pipes, high efficiency, and others.

Vertical immersion pumps are predominantly used in several end-use industries such as the electroplating industry, etching and cleaning systems, refrigeration machines, solar systems, photographic industry, wastewater treatment, etc. which creates a more opportunistic market for the manufacturers of vertical immersion pumps.

Vertical immersion pumps play a vital role where a larger flow rate is required, it is the ideal solution when needing to pump from an underground well, a reservoir or river, or in an application where the liquid is at a high temperature that would not enable a traditional centrifugal pump to be used.
Increasing government initiatives towards the improvement of the agricultural sector, provide several opportunities to the farmer to implement water pumps on farms, which creates a new opportunistic market for the manufacturers of vertical immersion pumps in several countries.
Vertical Immersion Pumps Market: Regional Outlook
Based on the region the vertical immersion pumps market can be segmented into several regions, such as North America, Europe, East Asia, South Asia, Latin America, and Middle East & Africa. The vertical immersion pumps market is expected to lead by East Asia, owing to the presence of a good number of global as well as regional manufacturers.
Europe is expected to witness substantial growth in the vertical immersion market, as increasing agricultural activities propel the demand for vertical immersion pumps. Moreover, the increasing popularity of vertical immersion pumps due to their distinct advantages and benefits over other pumps is gaining traction in the market.

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North America is a significant market for vertical immersion pumps, the global manufacturers of vertical immersion pumps are willing to expand their market in this region due to rapid industrialization and urbanization, which creates significant demand for vertical immersion pumps.

South Asia is the fastest emerging market for vertical immersion pumps, with the presence of several developing economies such as India, Indonesia, and others, where the agriculture sector, as well as several end-use industries of vertical immersion pumps, is growing rapidly which assisting the growth of this market. Latin America and the Middle East & Africa are expected to witness average growth in the vertical immersion pump market.
Vertical Immersion Pumps Market: Market Participants

Some of the key players involved in the manufacturing of vertical immersion pumps are -

• Brinkmann Pumps
• KSB Pumps
• Gusher Pumps
• ITT Inc
• AxFlow Holding AB
• Lutz-JESCO GmbH
• RENNER GmbH, and others.

The research report presents a comprehensive assessment of the Vertical Immersion Pumps market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Vertical Immersion Pumps market segments such as component, type, application, end-user and region, etc.

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The report covers an exhaustive analysis on:

• Vertical Immersion Pumps Market Segments
• Vertical Immersion Pumps Market Dynamics
• Vertical Immersion Pumps Market Size
• Vertical Immersion Pumps Volume Analysis
• Vertical Immersion Pumps Adoption Rare
• Vertical Immersion Pumps Current Trends/Issues/Challenges
• Vertical Immersion Pumps Competition & Companies involved
• Vertical Immersion Pumps Value Chain

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Europe (Germany, Italy, France, U.K, Spain, Russia)
• South Asia (India, ASEAN)
• East Asia (China, Japan, South Korea)
• Oceania (Australia & New Zealand)
• The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The market report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on Bi-metallic Band Saw Blade market segments and geographies.

Vertical Immersion Pumps Market: Segmentation

Globally, the vertical impression pump market can be segmented based on material, and application

Based on the material, the vertical immersion pumps market can be segmented into,

• PP (GFR)
• PVDF
• Cast iron
• Ductile cast iron
• WCB
• Others

Based on the application, the vertical immersion pumps market can be segmented into,

• Irrigation
• Potable water supply
• Plant make-up water
• Water cooling
• Dewatering
• Geothermal well
• Electroplating

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