Press release
Vertical Immersion Pumps Market Expansion Continues, with Forecast Valuation of $4.41 Billion by 2029
Vertical Immersion Pumps
Vertical Immersion Pumps Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for vertical immersion pumps has seen consistent growth in the past few years. The market is projected to increase from $3.55 billion in 2024 to $3.68 billion in 2025, representing a compound annual growth rate (CAGR) of 3.6%. The historical growth has been driven by factors such as industrial applications, efficiency and reliability, growth in the oil & gas sector, demand in chemical processing, and water and wastewater treatment.
Vertical Immersion Pumps Market Size Forecast: What's the Projected Valuation by 2029?
The market size for vertical immersion pumps is predicted to experience a consistent rise in the coming years and it is anticipated to reach USD 4.41 billion in 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.7%. The projected growth during this period can be attributed to the integration of industry 4.0, emphasis on energy efficiency, the emergence of renewable energy sectors, advancements in materials, and increased demand in the Asia-Pacific region. Notable forecast trends encompass strategic collaborations, remote operations and monitoring, solutions for service and maintenance, adaptability and customization, and water management solutions.
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What Are the Drivers Transforming the Vertical Immersion Pumps Market?
The surge in demand from different sectors is anticipated to boost the need for vertical immersion pumps in the future. These pumps are becoming increasingly popular in several fields, such as irrigation, dewatering, water cooling, and the transfer of oil, gasoline, and lubricants. Their versatility has led to a heightened demand in the oil and gas, chemical, and power generation industries, attributed to its growth in the global market. For example, the U.S. Energy Information Administration (EIA) reported in October 2022, that there is an estimated increase of global liquid fuel consumption to about 100.98 million barrels a day by 2023. Hence, this increased demand across various sectors will catalyze a greater requirement for vertical immersion pumps.
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What Long-Term Trends Will Define the Future of the Vertical Immersion Pumps Market?
Leading firms in the vertical immersion pumps market are shifting their focus towards creating advanced technology solutions like pumps and filtration systems. Their goal is to improve efficiency, reliability, and sustainability in fluid management activities across diverse industries. Pumps and filtration equipment are specifically designed to cleanse and transport fluids in a variety of industrial processes, improving operational efficiency, and reliability while promoting sustainable practices through the optimal handling of fluid and minimizing waste. For example, in February 2024, a company based in the Netherlands, Hendor, introduced the D43 series of vertical pumps. These pumps are specifically designed to increase energy efficiency and sustainability in diverse industrial applications, particularly in sectors like gas scrubbing and powder coating pretreatment, offering higher energy efficiency and lower operating costs. They are thus an environmentally-friendly option for various application areas. These pumps also have a robust construction and compact design which assures dependable performance and easy maintenance, thereby leading to an extended service life and a reduced environmental footprint.
Which Segments in the Vertical Immersion Pumps Market Offer the Most Profit Potential?
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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Which Firms Dominate the Vertical Immersion Pumps Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in the Vertical Immersion Pumps Market?
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.
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