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The Dewatering Pumps Market is Expected to Reach $10,133.4 Million in 2026: Riding the Wave of Progress:

11-02-2023 04:44 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

The Dewatering Pumps Market is Expected to Reach $10,133.4

The global dewatering pumps market is experiencing a surge like never before, and it's not slowing down anytime soon. According to a recent report by Allied Market Research, this industry was valued at $6,374.1 million in 2018 and is projected to reach $10,133.4 million by 2026, with a compelling CAGR of 5.9% from 2019 to 2026. In this blog, we'll explore the key findings of the report, understand the factors driving this growth, and look at the innovations that are reshaping the dewatering pumps market.

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Dewatering Pumps: Navigating the Landscape

The dewatering pumps market is growing, and it's growing fast. In 2018, Asia-Pacific dominated the global market, accounting for approximately 43.1% of the total revenue, followed closely by Europe. Asia-Pacific is particularly promising, thanks to the presence of several domestic players in countries like China, Brazil, and India. This region, alongside North America, is witnessing key players adopting various strategies to enhance their product portfolios, expand their geographical reach, and grow their customer base.

Construction and agriculture are driving the demand for dewatering pumps, especially in emerging economies like India, China, and Brazil. High demand is seen in these rapidly growing markets due to the presence of several local and regional manufacturers. This, combined with the efficiency of dewatering pumps, especially in the construction industry, is propelling the market's growth.

The Role of Dewatering Pumps

The significant growth in the dewatering pumps market is also attributed to the rise in metal and mineral mining activities. These pumps play a pivotal role in ensuring efficient operations in these industries. While the LAMEA region is in its early stages in terms of market development, it is expected to witness substantial growth due to the increasing adoption of dewatering pumps in the mining sector.

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Asia-Pacific, with its robust economic growth and improved access to advanced technologies, is poised to offer lucrative opportunities for market players. However, there are certain challenges to contend with, such as unstable raw material prices and high operating costs associated with installation, which could affect market growth.

Market Segmentation

The dewatering pumps market can be segmented in various ways:

Type: The non-submersible dewatering pumps segment dominated the market in 2018, offering benefits such as long-range operation capabilities and prolonged durability. The submersible dewatering pumps segment is projected to grow at a CAGR of 6.4% during the forecast period, thanks to their use by municipalities globally.

Application: The municipal segment is expected to grow at a CAGR of 7.1% during the forecast period, showcasing the increasing demand for dewatering pumps in this sector.

Region: While Asia-Pacific is projected to register the highest growth rate, Europe saw the second-highest growth in the dewatering pumps market in 2018.

Innovations and Market Players

Innovation is a driving force in the dewatering pumps market, and key players are adopting various strategies to stay ahead. For example, in April 2019, Xylem introduced the CD150S Dri-Prime dewatering pump series, known for its interchangeable impeller, providing superior flexibility.

The major players in the industry, including Atlas Copco AB, ITT Inc., and others, are focusing on new acquisitions and product launches to strengthen their presence. They are expanding their businesses through mergers with smaller companies, focusing on manufacturing highly efficient, wide-capacity range, and highly reliable dewatering pumps, particularly for municipal use.

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The dewatering pumps market is on a remarkable growth trajectory, driven by its efficiency, the expanding construction and mining sectors, and a focus on innovation by industry leaders. As technology continues to advance, the role of dewatering pumps in various sectors will only become more significant. Keep an eye on this dynamic industry, as it promises to deliver even more innovations and opportunities in the coming years, ensuring that we stay dry and our industries keep moving forward.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Delaware. 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.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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