Press release
Sump Pumps Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Sump Pumps Market Growth
The surge in the construction sector is set to spur the advancement of the sump pumps market. The realm of the construction sector involves everything associated with the creation, infrastructure, and industrial domains, incorporating elements like strategizing, crafting, bankrolling, and building various structures. The growth of the construction sector is tied to escalating urbanization, an increase in demand for residential and commercial properties, and government-backed infrastructure growth. In this industry, sump pumps play a crucial role in controlling groundwater and averting floods at digging sites and new constructions. For instance, data revealed by the Office for National Statistics in February 2023 displayed that the yearly construction output went up by 5.6% in 2022 compared to 2021, which followed an unprecedented hike of 12.8% in the year prior. Thus, the propulsion of the construction sector is contributing towards the progression of the sump pumps market.
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What growth opportunities are expected to drive the sump pumps market's CAGR through 2034?
The market of sump pumps has expanded rapidly in recent years. The market will increase from $14.17 billion in 2024 to $15.83 billion in 2025, boasting a compound annual growth rate (CAGR) of 11.7%. The historical growth can be linked to the increase in residential construction, urbanization causing a rise in the installation of sump pumps, more frequent severe rain and flood events, more stringent building regulations for flood control accelerating sump pump installations, and growing interest in home renovations leading to elevated sales of sump pumps.
The sump pumps market is set to experience swift expansion in the forthcoming years, culminating in a value of $24.38 billion in 2029, realizing a compound annual growth rate of 11.4%. This projected increase during the forecast period is associated with the rise in smart home system adoption, rejuvenation and modernization of aging water management structures, persistent population increase, escalating attention on climate adaptation and disaster readiness, favorable government schemes, and budgets for flood prevention and water management programs. The forecast period is set to witness several trends, including smart technology adoption, utilization of sophisticated and long-lasting materials to boost sump pumps' lifespan and efficiency, tailored solutions, wireless and app-oriented control, and technological amalgamation.
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What are the emerging trends shaping the future of the sump pumps market?
Prominent firms in the sump pumps market are concentrating on the development of cutting-edge products like sump pump technology, aimed at enhancing pump efficiency, lifespan, and automation. The term sump pump technology entails the systems and procedures utilised in sump pumps to extract water accumulation in basements, crawl spaces, or low-lying areas susceptible to flooding. For example, in February 2023, Delta Membrane Systems Limited, a manufacturer and supplier based in the UK specialising in structural waterproofing solutions, introduced the 695 Groundwater Sump Pump Chamber. This was developed to boost water management solutions for ground as well as surface water collection. This revolutionary chamber works with Delta's Dual V3, V4, and V6 pump stations, making it a flexible choice for a range of drainage necessities. This signifies a considerable step forward in sump pump technology, servicing both residential and commercial uses.
Which growth-oriented segments of the sump pumps market are leading the industry's development?
The sump pumpsmarket covered in this report is segmented -
1) By Type: Submersible Sump Pumps, Pedestal Sump Pumps, Other Types
2) By Capacity: Low, Medium, High
3) By Power Rating: Below 1 HP, 1-5 HP, 5-15 HP, Above 15 HP
4) By Sales Channel: Direct Channel, Distribution Channel
5) By Application: Mining And Mineral Industry, Construction, Metallurgy And Chemical Industry, Pulp And Paper, Power Generation, Other Applications
Subsegments:
1) Submersible Sump Pumps: 1/4 HP Submersible Pumps, 1/2 HP Submersible Pumps, 3/4 HP Submersible Pumps
2) Pedestal Sump Pumps: 1/4 HP Pedestal Pumps, 1/2 HP Pedestal Pumps, 3/4 HP Pedestal Pumps
3) Other Types: Battery Backup Sump Pumps, Combination Sump Pumps
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What regions are leading the charge in the sump pumps market?
North America was the largest region in the sump pumps market in 2024. The regions covered in the sump pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the sump pumps market?
Major companies operating in the sump pumps market are Baker Hughes Company, Dover Corporation, Xylem Inc., Metso Corporation, Ebara Corporation, Grundfos Pumps Private Limited, Liberty Pumps Inc., Pentair plc, Flowserve Corporation, Sulzer Ltd, The Weir Group PLC, ITT Goulds Pumps, KSB SE, Leo Group Co Ltd, WILO SE, Franklin Electric Co. Inc., Tsurumi Manufacturing Co. Ltd., Shijiazhuang Industrial Pump Factory Co. Ltd., Zoeller Pump Company Llc., Excellence Pump Industry Co. Ltd., Glentronics Inc., Ridgid Tool
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What Is Covered In The Sump Pumps Global Market Report?
•Market Size Forecast: Examine the sump pumps market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the sump pumps market for a structured understanding.
•Key Players Overview: Analyze major players in the sump pumps market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the sump pumps market.
•Segment Contributions: Evaluate how different segments drive overall growth in the sump pumps market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the sump pumps market.
•Industry Challenges: Identify potential risks and obstacles affecting the sump pumps market.
•Competitive Landscape: Review strategic developments in the sump pumps market, including expansions, agreements, and new product launches.
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