Dewatering Pumps Market in Africa, Australia, and New Zealand Poised for Remarkable Growth

In a recent report published by Allied Market Research titled "Africa, Australia and New Zealand Dewatering Pumps Market by Type and Application: Opportunity Analysis and Industry Forecast, 2020-2027," the dewatering pumps market in Africa, Australia, and New Zealand is on the verge of remarkable growth. The market, which was valued at $303.7 million in 2019, is projected to reach $520.0 million by 2027, boasting a compelling compound annual growth rate (CAGR) of 8.7% from 2020 to 2027.

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Dewatering pumps play a crucial role in pumping out excess water and maintaining water levels in underground construction, mining, and wastewater treatment sites. The dewatering process offers various advantages in construction and mining, making the soil stable and suitable for building projects.

The major drivers of the dewatering pump market in this region are urbanization and industrialization, which have led to the construction of new infrastructure such as buildings, tunnels, and roads. The affordability, ease of installation, and operational efficiency of dewatering pumps further fuel market growth. However, the underwater and soil operation exposes these pumps to corrosion and wear and tear, necessitating regular maintenance and monitoring. This serves as a restraint to the market's growth.

The outbreak of COVID-19 had a significant impact on the construction and manufacturing sectors globally. Halts in logistics services disrupted the packaging industry, hindering the growth of the dewatering pumps market. Nonetheless, industries are gradually returning to normalcy, and the discovery of vaccines is expected to facilitate the recovery of the Africa, Australia, and New Zealand dewatering pumps market by mid-2021.

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Conversely, the rise in awareness of recycling wastewater as part of water conservation management has led to the establishment of wastewater treatment plants, creating a demand for dewatering pumps to facilitate wastewater pumping for filtration and recycling. Increasing awareness of environmental issues is expected to drive the growth of wastewater treatment systems, thereby boosting the dewatering pumps market during the forecast period.

The Africa, Australia, and New Zealand dewatering pumps market is categorized based on type, application, and region. Types of dewatering pumps include submersible and non-submersible. Applications encompass construction and agriculture, oil and gas, municipal, mineral and mining, and others. The market is analyzed across various regions, including Africa, Nigeria, New Zealand, Australia, and the rest of Africa.

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Key Findings of the Study:

The non-submersible segment was the top revenue contributor in 2019 by type.

The construction and agriculture segment generated the highest revenue in the Africa, Australia, and New Zealand dewatering pumps market in 2019 based on application.

Major players in the Africa, Australia, and New Zealand dewatering pumps market include Atlas Copco/Varisco, Allight Sykes, Andrew Sykes, BBA Pumps (Bruin Buizen Apeldoorn BV), Clasal Pumps, Cornell Pumps, Godwin (part of Xylem), Gorman Rupp, Hidrostal, Impulse Pumps, Pioneer (A Franklin Electric company), and Selwood. These companies have adopted strategies such as product launches and business expansion to expand their portfolios and offer services in new regions

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