Dewatering Pumps Market Report, Size and Analysis, 2030

Dewatering pumps are essential in the construction industry, as they are used to remove excess water from areas where water has been collected or is present in a large quantity. This type of pump is used to remove water from basements, flooded areas, and other areas where temporary water accumulation occurs. Dewatering pumps are also used to remove wastewater from treatment plants, water bodies, and other sources.

According to a new report published by Allied Market Research, titled, "Dewatering Pumps Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026," 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.

𝘿𝙤𝙬𝙣𝙡𝙤𝙖𝙙 𝙍𝙚𝙨𝙚𝙖𝙧𝙘𝙝 𝙎𝙖𝙢𝙥𝙡𝙚 𝙬𝙞𝙩𝙝 𝙄𝙣𝙙𝙪𝙨𝙩𝙧𝙮 𝙄𝙣𝙨𝙞𝙜𝙝𝙩𝙨 𝙉𝙤𝙬 𝙒𝙞𝙩𝙝 𝘼𝙡𝙡 𝙂𝙧𝙖𝙥𝙝𝙨 & 𝘾𝙝𝙖𝙧𝙩𝙨 - https://www.alliedmarketresearch.com/request-sample/5399

The increasing urbanization and industrialization are driving the demand for dewatering pumps, as they are used to meet the water supply needs in these areas. The growing demand for energy-efficient pumps is also driving the growth of the market, as these pumps use less energy, resulting in lower operational costs.

The dewatering pumps market is segmented based on type, application, and region. Based on type, the market is segmented into submersible, vertical turbine, and portable pumps. Submersible pumps are the most commonly used type, as they are used in applications such as construction sites, stormwater drainage, and sewage treatment. Vertical turbine pumps are used for applications such as water supply, irrigation, and flood control. Portable pumps are useful for temporary applications such as construction sites and disaster relief.

Based on application, the market is segmented into water supply and wastewater management, construction, and flood control. The water supply and wastewater management segment is expected to witness the highest growth, as dewatering pumps are widely used in the water supply and wastewater management industry.

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The dewatering pumps market is dominated by North America, followed by Asia Pacific and Europe. The increasing demand for water supply and wastewater management in countries such as China, India, and the United States is driving the growth of the market in these regions.

The key players in the dewatering pumps market include Grundfos, Xylem, Wilo, KSB, ITT Goulds Pumps, Pentair, and EBARA. These companies are focusing on product innovation and launching new products to gain a competitive edge in the market.

Overall, the increasing demand for water supply and wastewater management along with the need for improved flood control is driving the growth of the dewatering pumps market. The key players in the market are focusing on product innovation and launching new products to gain a competitive edge in the market.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.