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CM23108884 |
Pages: 280 |
Sep 2023 |
Dewatering Pump Overview
A dewatering pump is a specialized pump designed to eliminate or reduce water levels in specific areas or locations. It is found in everyday use in construction sites, mines, tunnels, and other places where water accumulation can hinder progress. The primary purpose of a dewatering pump is to prevent flooding and waterlogging, enabling construction and excavation work to proceed smoothly and safely. The pump functions by drawing in water through an inlet and then expelling it through an outlet, effectively pumping the water away from the target area. Dewatering pumps come in various types: submersible pumps for deep water removal, centrifugal pumps for general dewatering, wellpoint pumps for groundwater control, and trash pumps for handling water mixed with solids. The choice of the pump depends on factors like water level, flow rate, and the presence of solids, ensuring adequate water management and successful project completion in various industries.
Global Dewatering Pump Market Analysis
The global dewatering pump market size was $7,372.98 million in 2022 and is predicted to grow with a CAGR of 5.7%, by generating a revenue of $12,500.14 million by 2032.
COVID-19 Impact on Global Dewatering Pump Market
The COVID-19 pandemic adversely impacted the growth of the dewatering pump market. Global supply chains were disrupted due to factory closures, transportation restrictions, and raw material shortages, leading to supply constraints for dewatering pumps. The construction industry, a significant consumer of dewatering pumps, experienced a slowdown as construction projects were delayed or put on hold due to lockdowns and social distancing measures. Economic uncertainty and financial constraints also impacted investment decisions, affecting the demand for dewatering pumps. Essential projects like healthcare facilities and pandemic-related infrastructure took precedence. In contrast, non-essential projects were deferred, reducing the need for dewatering pumps. Travel restrictions and remote work arrangements hindered pump maintenance and servicing, potentially impacting the efficiency of dewatering systems. However, opportunities emerged in healthcare, emergency services, and disaster relief, where dewatering pumps were used for managing water-related issues during the pandemic.
Growing Construction and Infrastructure Development to Drive the Market Growth
The dewatering pump market is driven by several key factors contributing to its growth and demand. The construction and infrastructure development sector plays a significant role, as urbanization and building projects require effective dewatering solutions for waterlogged sites and safe excavation. Besides, the mining industry relies heavily on dewatering pumps to remove water from mines and quarries, ensuring productivity and worker safety. Additionally, industrial applications, such as oil & gas, power generation, and chemical processing, necessitate dewatering pumps for water management and flood prevention. Furthermore, agriculture depends on these pumps to drain excess water from fields and enable irrigation in low-lying areas. Moreover, technological advancements, compliance with regulations, rapid urbanization, and specific regional factors further contribute to the growth and dynamics of the dewatering pump market.
Economic Slowdowns to Restrain the Market Growth
Several factors could restrain the dewatering pump market. Economic conditions, such as slowdowns or recessions, can impact construction and infrastructure development projects, reducing demand for dewatering pumps. Additionally, changes in environmental regulations or safety standards may influence demand, as stricter rules on water disposal or emissions could increase compliance costs for manufacturers. The level of government and private sector investments in infrastructure projects directly affects the demand for dewatering pumps, and delays or cuts in infrastructure spending can hinder market growth. Moreover, if new, innovative dewatering technologies offer better efficiency or cost-effectiveness, traditional dewatering pumps may face competition, leading to slower market growth. Furthermore, alternative water management solutions and seasonal fluctuations in demand for dewatering pumps could impact overall market growth.
Increasing Demand from the Mining Sector to Drive Excellent Opportunities
The dewatering pump market showed promising growth prospects with various opportunities. The mining sector demands dewatering solutions to remove water from pits and tunnels. Municipalities sought dewatering pumps to control urban areas' stormwater, floods, and waterlogging. At the same time, environmental remediation projects relied on these pumps to handle contaminated water. With the growing global population and the need to enhance agricultural productivity, the farm sector used irrigation, drainage, and flood control dewatering pumps. Industrial processes, including mining, oil and gas, manufacturing, and food processing, increased demand for dewatering pumps. The market benefited from innovations in pump technology, focusing on energy efficiency and environmental friendliness. Emerging markets in Asia, Latin America, and Africa provided ample opportunities due to rapid industrialization and infrastructure development. Moreover, integrating digital technologies and IoT in dewatering pumps opened new avenues for improved monitoring and predictive maintenance.
Global Dewatering Pump Market Share, by Type, 2022
The submersible dewatering pumps sub-segment accounted for the highest market share in 2022. The major factor driving the sub-segment's growth is the efficiency and versatility of submersible dewatering pumps, as they are ideal for various applications in industries, construction sites, and disaster response scenarios. Their compact and portable design allows easy deployment in confined spaces and temporary installations, eliminating the need for extensive suction hoses or priming. Additionally, the reliability and low maintenance requirements of submersible pumps have contributed to their popularity, as they are designed for continuous underwater operation, ensuring better cooling and longevity. Safety and environmental considerations also favor submersible pumps, as they are fully submerged during the process, reducing the risk of electrical hazards and preventing water contamination.
Global Dewatering Pump Market Share, by Application, 2022
The construction sub-segment accounted for the highest market share in 2022. The dominance of the construction industry in the global market can be attributed to several key factors. Construction projects frequently require dewatering to create safe and dry working environments, especially when working below the water table or in flood-prone areas. As urbanization and infrastructure development continue to surge globally, the demand for construction activities rises, consequently driving the need for dewatering pumps. Technological advancements have also made dewatering pumps more efficient and reliable, making them the preferred choice for handling dewatering challenges effectively. Mega construction projects, such as high-rise buildings and dams, often involve multiple dewatering points, further boosting the demand for these pumps. Moreover, economic growth and increased infrastructure investment have contributed to their widespread adoption.
Global Dewatering Pump Market Share, by Region, 2022
The Asia-Pacific dewatering pump market generated the highest revenue in 2022. The dominance of the region can be attributed to factors, such as rapid urbanization and rising infrastructure development in the developing countries of the region. In contrast, industrial growth in mining, construction, and agriculture has increased the need for efficient water management. Moreover, the expanding mining sector and the rising concern for water management and environmental issues have driven the adoption of dewatering pumps in the region. Economic growth, government initiatives, and favorable regulations have further stimulated investments in various sectors, leading to higher demand for dewatering pumps. The large population size, growing demand for water infrastructure, competitive pricing, technological advancements, and strategic partnerships with key players have also contributed to the Asia-Pacific region’s dominance in the global dewatering pump market.
Competitive Scenario in the Global Dewatering Pump Market
Investment and agreement are common strategies followed by major market players. One of the leading market players in the industry is Atlas Copco. In November 2022, Atlas Copco announced the agreement with IPR (Integrated Pump Rental) for regional dewatering pump distribution. The company now rents and sells Atlas Copco submersible and diesel-based dewatering pumps.
Some of the leading dewatering pump market players are Sulzer Ltd., Grundfos, Xylem, Wacker Neuson, Honda Power Equipment, KSB SE & Co., Atlas Copco, and The Weir Group.
Aspect | Particulars |
Historical Market Estimations | 2020-2022 |
Base Year for Market Estimation | 2022 |
Forecast Timeline for Market Projection | 2023-2032 |
Geographical Scope | North America, Europe, Asia-Pacific, and LAMEA |
Segmentation by Type |
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Segmentation by Application |
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Key Companies Profiled |
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1. Research Methodology
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model.
1.4. Assumptions and forecast parameters
1.5. Market size estimation
1.5.1. Top-down approach
1.5.2. Bottom-up approach
2. Report Scope
2.1. Market definition
2.2. Key objectives of the study
2.3. Report overview
2.4. Market segmentation
2.5. Overview of the impact of COVID-19 on dewatering pump market
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Growth impact forces
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Market value chain analysis
4.3.1. List of raw material suppliers
4.3.2. List of manufacturers
4.3.3. List of distributors
4.4. Innovation & sustainability matrices
4.4.1. Technology matrix
4.4.2. Regulatory matrix
4.5. Porter’s five forces analysis
4.5.1. Bargaining power of suppliers
4.5.2. Bargaining power of consumers
4.5.3. Threat of substitutes
4.5.4. Threat of new entrants
4.5.5. Competitive rivalry intensity
4.6. PESTLE analysis
4.6.1. Political
4.6.2. Economical
4.6.3. Social
4.6.4. Technological
4.6.5. Environmental
4.7. Impact of COVID-19 on dewatering pump market
4.7.1. Pre-covid market scenario
4.7.2. Post-covid market scenario
5. Dewatering Pump Market, by Type
5.1. Overview
5.2. Submersible Dewatering Pumps
5.2.1. Definition, key trends, growth factors, and opportunities
5.2.2. Market size analysis, by region, 2022-2032
5.2.3. Market share analysis, by country, 2022-2032
5.3. Non-Submersible Dewatering Pumps
5.3.1. Definition, key trends, growth factors, and opportunities
5.3.2. Market size analysis, by region, 2022-2032
5.3.3. Market share analysis, by country, 2022-2032
5.4. Research Dive Exclusive Insights
5.4.1. Market attractiveness
5.4.2. Competition heatmap
6. Dewatering Pump Market, by Application
6.1. Overview
6.2. Oil & Gas
6.2.1. Definition, key trends, growth factors, and opportunities
6.2.2. Market size analysis, by region, 2022-2032
6.2.3. Market share analysis, by country, 2022-2032
6.3. Construction
6.3.1. Definition, key trends, growth factors, and opportunities
6.3.2. Market size analysis, by region, 2022-2032
6.3.3. Market share analysis, by country, 2022-2032
6.4. Mining
6.4.1. Definition, key trends, growth factors, and opportunities
6.4.2. Market size analysis, by region, 2022-2032
6.4.3. Market share analysis, by country, 2022-2032
6.5. Agriculture
6.5.1. Definition, key trends, growth factors, and opportunities
6.5.2. Market size analysis, by region, 2022-2032
6.5.3. Market share analysis, by country, 2022-2032
6.6. Municipal
6.6.1. Definition, key trends, growth factors, and opportunities
6.6.2. Market size analysis, by region, 2022-2032
6.6.3. Market share analysis, by country, 2022-2032
6.7. Others
6.7.1. Definition, key trends, growth factors, and opportunities
6.7.2. Market size analysis, by region, 2022-2032
6.7.3. Market share analysis, by country, 2022-2032
6.8. Research Dive Exclusive Insights
6.8.1. Market attractiveness
6.8.2. Competition heatmap
7. Dewatering Pump Market, by Region
7.1. North America
7.1.1. U.S.
7.1.1.1. Market size analysis, by Type
7.1.1.2. Market size analysis, by Application
7.1.2. Canada
7.1.2.1. Market size analysis, by Type
7.1.2.2. Market size analysis, by Application
7.1.3. Mexico
7.1.3.1. Market size analysis, by Type
7.1.3.2. Market size analysis, by Application
7.1.4. Research Dive Exclusive Insights
7.1.4.1. Market attractiveness
7.1.4.2. Competition heatmap
7.2. Europe
7.2.1. Germany
7.2.1.1. Market size analysis, by Type
7.2.1.2. Market size analysis, by Application
7.2.2. UK
7.2.2.1. Market size analysis, by Type
7.2.2.2. Market size analysis, by Application
7.2.3. France
7.2.3.1. Market size analysis, by Type
7.2.3.2. Market size analysis, by Application
7.2.4. Spain
7.2.4.1. Market size analysis, by Type
7.2.4.2. Market size analysis, by Application
7.2.5. Italy
7.2.5.1. Market size analysis, by Type
7.2.5.2. Market size analysis, by Application
7.2.6. Rest of Europe
7.2.6.1. Market size analysis, by Type
7.2.6.2. Market size analysis, by Application
7.2.7. Research Dive Exclusive Insights
7.2.7.1. Market attractiveness
7.2.7.2. Competition heatmap
7.3. Asia Pacific
7.3.1. China
7.3.1.1. Market size analysis, by Type
7.3.1.2. Market size analysis, by Application
7.3.2. Japan
7.3.2.1. Market size analysis, by Type
7.3.2.2. Market size analysis, by Application
7.3.3. India
7.3.3.1. Market size analysis, by Type
7.3.3.2. Market size analysis, by Application
7.3.4. Australia
7.3.4.1. Market size analysis, by Type
7.3.4.2. Market size analysis, by Application
7.3.5. South Korea
7.3.5.1. Market size analysis, by Type
7.3.5.2. Market size analysis, by Application
7.3.6. Rest of Asia Pacific
7.3.6.1. Market size analysis, by Type
7.3.6.2. Market size analysis, by Application
7.3.7. Research Dive Exclusive Insights
7.3.7.1. Market attractiveness
7.3.7.2. Competition heatmap
7.4. LAMEA
7.4.1. Brazil
7.4.1.1. Market size analysis, by Type
7.4.1.2. Market size analysis, by Application
7.4.2. Saudi Arabia
7.4.2.1. Market size analysis, by Type
7.4.2.2. Market size analysis, by Application
7.4.3. UAE
7.4.3.1. Market size analysis, by Type
7.4.3.2. Market size analysis, by Application
7.4.4. South Africa
7.4.4.1. Market size analysis, by Type
7.4.4.2. Market size analysis, by Application
7.4.5. Rest of LAMEA
7.4.5.1. Market size analysis, by Type
7.4.5.2. Market size analysis, by Application
7.4.6. Research Dive Exclusive Insights
7.4.6.1. Market attractiveness
7.4.6.2. Competition heatmap
8. Competitive Landscape
8.1. Top winning strategies, 2022
8.1.1. By strategy
8.1.2. By year
8.2. Strategic overview
8.3. Market share analysis, 2022
9. Company Profiles
9.1. Sulzer Ltd.,
9.1.1. Overview
9.1.2. Business segments
9.1.3. Product portfolio
9.1.4. Financial performance
9.1.5. Recent developments
9.1.6. Audi
9.2. Grundfos, Xylem
9.2.1. Overview
9.2.2. Business segments
9.2.3. Product portfolio
9.2.4. Financial performance
9.2.5. Recent developments
9.2.6. SWOT analysis
9.3. Wacker Neuson
9.3.1. Overview
9.3.2. Business segments
9.3.3. Product portfolio
9.3.4. Financial performance
9.3.5. Recent developments
9.3.6. SWOT analysis
9.4. Honda Power Equipment
9.4.1. Overview
9.4.2. Business segments
9.4.3. Product portfolio
9.4.4. Financial performance
9.4.5. Recent developments
9.4.6. SWOT analysis
9.5. KSB SE & Co., Atlas Copco.
9.5.1. Overview
9.5.2. Business segments
9.5.3. Product portfolio
9.5.4. Financial performance
9.5.5. Recent developments
9.5.6. SWOT analysis
9.6. Atlas Copco
9.6.1. Overview
9.6.2. Business segments
9.6.3. Product portfolio
9.6.4. Financial performance
9.6.5. Recent developments
9.6.6. SWOT analysis
9.7. The Weir Group
9.7.1. Overview
9.7.2. Business segments
9.7.3. Product portfolio
9.7.4. Financial performance
9.7.5. Recent developments
9.7.6. SWOT analysis
9.8. Company No 8
9.8.1. Overview
9.8.2. Business segments
9.8.3. Product portfolio
9.8.4. Financial performance
9.8.5. Recent developments
9.8.6. SWOT analysis
9.9. Company No 9
9.9.1. Overview
9.9.2. Business segments
9.9.3. Product portfolio
9.9.4. Financial performance
9.9.5. Recent developments
9.9.6. SWOT analysis
9.10. Company No 10
9.10.1. Overview
9.10.2. Business segments
9.10.3. Product portfolio
9.10.4. Financial performance
9.10.5. Recent developments
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