Press release
Dewatering Pumps Market Expected to Reach USD 10,133.4 Million by 2026, Growing at a CAGR of 5.9%
the global dewatering pumps market 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 led the global market, accounting for approximately 43.1% of total revenue, followed by Europe.
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The recent growth in the dewatering pumps market is attributed to the high efficiency of these pumps, especially in construction. Increased metal and mineral mining activities further drive adoption. The LAMEA market, though emerging, is expected to see substantial growth due to rising demand in the mining sector. In contrast, Asia-Pacific is anticipated to offer lucrative opportunities for market players due to economic growth and enhanced access to advanced technologies. However, fluctuating raw material prices and high operating costs associated with installation pose challenges to market expansion.
In 2018, the construction and agriculture segments led the market, driven by growth in nonresidential construction in emerging markets like India, China, and Brazil. These economies also report strong demand for dewatering pumps due to the presence of numerous local manufacturers, which collectively support market growth.
By type, the non-submersible dewatering pumps segment held the largest market share in 2018 due to its extended operational range and durability. The submersible dewatering pumps segment, however, is expected to grow at a CAGR of 6.4% over the forecast period, supported by increasing adoption by municipalities worldwide.
Europe experienced the second-highest growth rate in the dewatering pumps market in 2018, following Asia-Pacific. LAMEA is anticipated to lead growth during the forecast period due to the expansion of the construction sector in the region.
Product launches are a key strategy among industry players to enhance product portfolios. For example, Xylem launched its CD150S Dri-Prime dewatering pump in April 2019, featuring an interchangeable impeller for greater flexibility. Similarly, in February 2018, Weir Minerals expanded its portfolio with the launch of the Multiflo RF pump.
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Key Findings of the Dewatering Pumps Market Study:
By Type: The non-submersible dewatering pumps segment dominated the market in 2018 and is projected to grow at a CAGR of 5.7% during the forecast period.
By Application: The municipal segment is expected to grow at a CAGR of 7.1% during the forecast period.
Regional Growth: Asia-Pacific is projected to register the highest growth rate over the coming years.
Competitive Insights: This report profiles key market players and thoroughly analyzes their strategies, providing a clear view of the competitive landscape in the dewatering pumps industry.
Market Trends: The report offers an extensive analysis of both current and emerging trends and dynamics in the dewatering pumps market.
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