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Vertical Immersion Pumps Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
Vertical Immersion Pumps market
The Business Research Company's Vertical Immersion Pumps Global Market Report 2023 identifies growing demand from various industries as the major driver for the vertical immersion pumps market's growth in the forecast period. Vertical immersion pumps are gaining traction in a variety of sectors, including irrigation, dewatering, water cooling, and oil, gasoline, and lubricant transfer. Due to its multiple uses, there is an increase in demand for vertical immersion pumps in the oil and gas, chemical, and power generation industries because to its increasing demand in the global market.
The global vertical immersion pumps market size is expected to grow from $3.32 billion in 2022 to $3.45 billion in 2023 at a compound annual growth rate (CAGR) of 4.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The vertical immersion pumps market is expected to grow to $3.95 billion in 2027 at a CAGR of 3.4%.
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Major competitors in the vertical immersion pumps market are KSB SE & Co. KGaA, ITT Inc., Ruhrpumpen Group, Castle Pumps, AxFlow Holding AB, Flowserve Corporation, North Ridge Pumps, Tapflo Group, Vertiflo Pump Company.
A key trend in the vertical immersion pumps market includes technological advancement. Major companies operating in the vertical immersion pump market are advancing their new technologies toward vertical multistage pumps to sustain their position in the market. For instance, in June 2021, Dooch pumps, a Korea-based manufacturer of energy-efficient water pumps, launched a vertical multistage XR(L) pump series. These XR and XRL pumps are vertical, non-self-priming, multistage centrifugal in-line pumps powered by a standard electric motor. A connection connects the motor's output shaft to the pump shaft directly. Additionally, stay bolts hold the pressure-resistant cylinder and flow passage components between the pump head and casing.
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The vertical immersion pumps market is segmented -
• By Product Type: Line Shaft Pump (VS-4), Cantilever Pump (VS-5)
• By Material: PP (GFR), PVDF, Cast Iron, Ductile Cast Iron, WCB, Other Materials
• By Capacity: Up to 100 m3/hr; 100 to 500 m3/hr; 500 to 1000 m3/hr; Above 1000 m3/hr
• By Application: Irrigation, Portable Water Supply, Water Cooling, Dewatering, Geothermal Well, Oils, Fuels, Lubricants Transfer, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the vertical immersion pumps market.
The Business Research Company's "Global Vertical Immersion Pumps Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Vertical Immersion Pumps Market Include:
1. Executive Summary
2. Vertical Immersion Pumps Market Characteristics
3. Vertical Immersion Pumps Market Trends And Strategies
4. Vertical Immersion Pumps Market - Macro Economic Scenario
5. Vertical Immersion Pumps Market Size And Growth
……
26. Africa Vertical Immersion Pumps Market
27. Vertical Immersion Pumps Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Vertical Immersion Pumps Market
29. Vertical Immersion Pumps Market Future Outlook and Potential Analysis
30. Appendix
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