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Key Factor Supporting Sump Pumps Market Development in 2025: Construction Industry Growth Drives Demand For Sump Pumps
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Sump Pumps Market Size By 2025?
The market size for sump pumps has experienced a considerable expansion in the past few years. The market which stood at $14.17 billion in 2024, is predicted to rise to $15.83 billion in 2025, registering a compound annual growth rate (CAGR) of 11.7%. Factors such as the surge in residential construction, rise of urbanization leading to the higher need for sump pump installations, an increased number of heavy rainfall and flooding incidents, the introduction of stricter building codes and flood management regulations necessitating the installation of sump pumps, along with the growing interest in home improvement and renovations resulting in higher sump pump sales, have all contributed to this historic period of growth.
How Big Is the Sump Pumps Market Size Expected to Grow by 2029?
Predictions for the sump pumps market indicate a swift expansion in the upcoming years, with an expected worth of $24.38 billion by 2029, reflecting a compound annual growth rate (CAGR) of 11.4%. The growth anticipated during this period can be credited to several factors including the rising uptake of smart home systems, rejuvenation and improvements of old water management infrastructures, ongoing population increase, heightened emphasis on adapting to climate changes and preparing for disasters, beneficial governmental plans, and available capital for flood prevention and water management ventures. The forecast period will also see significant trends such as the incorporation of smart technology, employment of superior and long-lasting materials to bolster sump pumps' longevity and efficiency, bespoke solutions, control via wireless and apps, and technological amalgamation.
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Which Key Market Drivers Powering Sump Pumps Market Expansion and Growth?
The growth of the sump pumps market is forecasted to be driven by the development of the construction industry. The construction sector covers a vast range of activities such as planning, designing, financing, and building diverse structures and is related to the building, infrastructure, and industrial areas. The growth in this sector results from the rise in urbanization, higher demand for both residential and commercial spaces, and increased governmental investment in infrastructure. Sump pumps, often utilized in the construction sector to handle groundwater and avoid flooding in excavation sites and new buildings, directly benefit from this growth. Data released by the UK-based Office for National Statistics in February 2023 demonstrated that there was a 5.6% annual increase in construction output in 2022 compared to 2021, continuing a 12.8% historic rise from the previous year. As such, the construction industry's growth is boosting the sump pumps market's expansion.
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Which Fast-Growing Trends Are Poised to Disrupt the Sump Pumps Market?
Leading businesses in the sump pumps market are concentrating on designing superior products, such as sump pump technology, to boost their efficiency, longevity, and automation. Sump pump technology pertains to the systems and procedures utilized in sump pumps to eradicate accumulated water from basements, crawl spaces, or areas at risk of flooding. To illustrate, in February 2023, Delta Membrane Systems Limited, a UK-based firm producing and supplying specialist structural waterproofing solutions, introduced the 695 Groundwater Sump Pump Chamber. This creation is intended to augment water management systems for both groundwater and surface water collection. This state-of-the-art chamber is compatible with Delta's Dual V3, V4, and V6 pump stations, presenting a flexible solution for a range of drainage problems. It marks a substantial progress in sump pump technology, accommodating both domestic and commercial uses.
What Are the Emerging Segments in the Sump Pumps Market?
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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Who Are the Global Leaders 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
Which are the Top Profitable Regional Markets for the Sump Pumps Industry?
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.
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