Press release
Strong Growth Ahead: Vertical Immersion Pumps Market Size To Grow At Arecord 4.7% Cagr By 2029
Vertical Immersion Pumps
How Big Is the Vertical Immersion Pumps Market Size Expected to Be by 2034?
The market for vertical immersion pumps has seen a consistent expansion in the past few years. The market is predicted to rise from $3.55 billion in 2024 to $3.68 billion in 2025, showing a compound annual growth rate (CAGR) of 3.6%. Factors like industrial uses, dependability and efficacy, growth in oil & gas industry, demand in chemical processing, and water and wastewater management have contributed to the growth during the historical period.
In the coming years, the market size for vertical immersion pumps is predicted to experience consistent growth. It is projected to reach $4.41 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.7%. This growth during the forecast period can be credited to factors such as integration with industry 4.0, emphasis on energy efficiency, evolving renewable energy industries, progression of advanced materials, and increased demand in the Asia-Pacific region. Notable emerging trends within the forecast period include strategic partnership forming, the evolution of remote operations and supervision, innovative service and maintenance solutions, adaptability and customization, and advancements in water management solutions.
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What Are the Emerging Segments Within the Vertical Immersion Pumps Market?
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
Subsegments:
1) By Line Shaft Pump (VS-4): Vertical Turbine Pumps, Submersible Line Shaft Pumps
2) By Cantilever Pump (VS-5): Standard Cantilever Pumps, Heavy-Duty Cantilever Pumps
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What Long-Term Drivers Are Shaping Vertical Immersion Pumps Market Trends?
The escalating requirement from diverse sectors is predicted to boost the vertical immersion pumps market in the future. These pumps are seeing increased adoption across numerous fields such as irrigation, dewatering, water cooling, and the transfer of oil, gasoline, and lubricants. Due to their vast applications, vertical immersion pumps are witnessing rising demand from oil and gas, chemical, and power generation industries, owing to its surging popularity in the global market. For example, the U.S. Energy Information Administration (EIA), a government body based in the U.S., reported in October 2022 that there is expected to be a daily surge in the global consumption of liquid fuel to 100.98 million barrels in 2023. Accordingly, the escalating requirement from diverse sectors will stimulate the necessity for the vertical immersion pumps market.
Who Are the Top Competitors in Key Vertical Immersion Pumps Market Segments?
Major companies operating in the vertical immersion pumps market 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., 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, Kishor Pumps Pvt. Ltd., Rotech Pumps & Systems Inc., T-T Pumps Ltd., Vansan Water Technologies, Zhejiang DOYIN Pump Industry Co. Ltd.
What Vertical Immersion Pumps Market Trends Are Gaining Traction Across Different Segments?
In the vertical immersion pumps market, major companies are emphasizing the development of advanced technological solutions like pumps and filtration systems to boost efficiency, dependability, and sustainability in fluid handling applications across different industries. Pumps and filtration systems are unique pieces of equipment that move and cleanse fluids in a range of industrial processes. These solutions boost operational efficiency and guarantee reliability, supporting sustainability by streamlining fluid management and limiting waste. For example, Hendor, a manufacturing company based in the Netherlands, introduced the D43 series of vertical pumps in February 2024 to increase energy efficiency and sustainability in industrial applications, specifically in the sectors using gas scrubbing and pretreatment powder coating. These pumps enhance energy efficiency and decrease operational costs, making them a environmentally friendly option for a range of applications. Additionally, these pumps' compact design paired with their sturdy construction ensures reliable performance and easy maintenance, leading to a longer lifespan and a minimized environmental impact.
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Which Regions Are Becoming Hubs for Vertical Immersion Pumps Market Innovation?
North America was the largest region in the vertical immersion pumps market in 2024. 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Vertical Immersion Pumps Market?
2. What is the CAGR expected in the Vertical Immersion Pumps Market?
3. What Are the Key Innovations Transforming the Vertical Immersion Pumps Industry?
4. Which Region Is Leading the Vertical Immersion Pumps Market?
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