Press release
Vertical Immersion Pumps Market Analysis, Growth, Insights, Trends 2024-2033
Vertical Immersion Pumps Market
Vertical Immersion Pumps Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $4.21 billion In 2028 At A CAGR Of 4.2% :
The vertical immersion pumps market size has grown steadily in recent years. It will grow from $3.44 billion in 2023 to $3.58 billion in 2024 at a compound annual growth rate (CAGR) of 3.9%. The growth in the historic period can be attributed to industrial applications, efficiency and reliability, expansion of oil & gas sector, chemical processing demand, water and wastewater treatment. .
The vertical immersion pumps market size is expected to see steady growth in the next few years. It will grow to $4.21 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to industry 4.0 integration, energy efficiency focus, emerging renewable energy sectors, advanced materials development, rising demand in asia-pacific. Major trends in the forecast period include strategic collaboration, remote operations and monitoring, service and maintenance solutions, customization and adaptability, water management solutions.
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Vertical Immersion Pumps Market Major Segments
The vertical immersion pumps market covered in this report is segmented -
1) By Product Type: Line Shaft Pump (VS-4) , Cantilever Pump (VS-5)
2) By Material: PP (GFR) , PVDF, Cast iron, Ductile cast iron, WCB, Other Materials
3) By Capacity: Up to 100m3/hr, 100 to 500m3/hr, 500 to 1000m3/hr, Above 1000m 3/hr
4) By Application: Irrigation, Potable Water Supply, Water Cooling, Dewatering, Geothermal Well, Oils, Fuels, Lubricants Transfer, Other Applications
Key Driver - Vertical Immersion Pumps Gain Momentum Across Diverse Sectors, Fueling Market Demand
The growing demand from various industries is expected to propel the demand for the vertical immersion pumps market going forward. 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. For instance, in October 2022, according to the U.S. Energy Information Administration (EIA), a US-based government agency, global liquid fuel consumption is expected to increase by 100.98 million barrels per day in 2023. Therefore, the growing demand from various industries will drive the need for the vertical immersion pumps market.
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Prominent Trend - Dooch Pumps' Technological Leap With Vertical Multistage XR(L) Pump Series In The Vertical Immersion Pump Market
Technological advancement is a key trend gaining popularity in the vertical immersion pump market. 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.
Vertical Immersion Pumps Market Players
Major companies operating in the vertical immersion pumps market report are KSB SE & Co. KGaA, ITT Inc., Ruhrpumpen Group, Castle Pumps Ltd., AxFlow Holding AB, Flowserve Corporation, North Ridge Pumps Ltd., Tapflo Group, Vertiflo Pump Company, FLUX-Geräte GmbH, Salvatore Robuschi and C. S.r.l., Lenntech BV, Brinkmann Pumps GmbH + Co. KG, Gusher Pumps Inc., Tapflo Pumps UK Ltd., C.R.I. Pumps Pvt. Ltd., National Pump Company, Grundfos Pumps Corporation, Pentair plc, Simflo Pump Inc., Process Systems Ltd., Neptuno Pumps Ltd., Sintech Precision Products Ltd., Ebara Corporation, Tsurumi Manufacturing Co. Ltd., Weir Group plc, Kirloskar Brothers Limited, Shakti Pumps Ltd., WPIL Limited, Crompton Greaves Consumer Electricals Limited, Kishor Pumps Pvt. Ltd., Rotech Pumps & Systems Inc., T-T Pumps Ltd., V-Guard Industries Ltd., Vansan Water Technologies, Zhejiang DOYIN Pump Industry Co. Ltd.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the vertical immersion pumps market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vertical immersion pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Vertical Immersion Pumps Market Report Structure
3. Vertical Immersion Pumps Market Trends And Strategies
4. Vertical Immersion Pumps Market - Macro Economic Scenario
5. Vertical Immersion Pumps Market Size And Growth
…..
27. Vertical Immersion Pumps Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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