Dewatering Pumps Market Size, Industry Share and Forecast, 2030

Dewatering Pumps Market

The global market for dewatering pumps is predicted to increase at a compound annual growth rate (CAGR) of 5.69% from 2023 to 2030, with a market value of USD 10.87 billion, up from USD 7.01 billion in 2022, according to Zion Market Research. Numerous driving variables are expected to contribute to the considerable growth rate of the global dewatering pump market.

Global Dewatering Pumps Market: Overview

The growth of residential complexes, industrialization, and the mining industry are driving up demand for dewatering pumps. The main purpose of dewatering pumps is to remove extra water that has become saturated on building and mining sites. Dewatering pump use has also significantly increased as a result of the growth of residential development sites. Buildings below the water bench level must be constructed carefully, and the water must be removed in order to guarantee the stability of the structure. Submersible or vertical turbine pumps are used as dewatering pumps to remove extra water from the construction site. Furthermore, the need for dewatering pumps is growing globally as a result of their significance in cement plants, power plants, tunnel building, and underground mining.

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Global Dewatering Pumps Market: Growth Factors

The market for dewatering pumps is expanding significantly on a global scale. The market is expanding quickly as a result of causes like mining, tunnel construction, and industrialization. In addition, the global market for dewatering pumps is seeing a substantial increase in income due to the increased demand for these pumps from building projects. Dewatering pumps is especially important on construction sites because standing water can reduce productivity and speed of work. Additionally, subsurface excavation must be completed before workers can begin developing cellar space and shoring, so dewatering is necessary on these sites. Dewatering pumps are therefore essential for removing extra water and creating a dry workspace.

Dewatering pumps are increasingly needed at mining sites since the presence of water in mines makes it impossible to operate. However, during the course of the projected period, the market’s expansion may be hampered by the high cost of operating dewatering pumps. Over the course of the projection period, the global dewatering pumps market is predicted to have higher growth potential due to the efficient and cost-effective dewatering solutions that developments in pump technology are expected to deliver.

The COVID-19 pandemic condition has hindered the worldwide dewatering pump market’s expansion significantly. All building activities came to an end as a result of strict lockdowns enforced by many governments to stem the spread of sickness. Global demand for dewatering pumps has been directly impacted by this. In addition, the temporary suspension of manufacturing operations hindered the development of new items. Additionally, the interruption of the supply chain hindered the availability of goods globally.

Global Dewatering Pumps Market: Segmentation

The market for dewatering pumps worldwide is divided into three segments: type, application, and geography. The market is split into two categories: submersible dewatering pumps and non-submersible dewatering pumps. During the course of the forecast period, submersible dewatering pumps are anticipated to hold a significant share of the type segment. The market is divided into oil & gas, mining & mineral, construction & agricultural, and other segments based on application. During the projection period, the segment of construction and agriculture is anticipated to increase at a quick pace. Due to the increasing rate of both commercial and residential construction as well as the quick development of agricultural land, the global market for dewatering pumps in the construction and agriculture segment is predicted to increase at an exponential rate.

By Type

Submersible Dewatering Pumps
Non-Submersible Dewatering Pumps

By Application

Oil and Gas
Construction
Mining
Agriculture
Municipal
Others

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Global Dewatering Pumps Market: Regional Analysis

Over the course of the forecast period, Asia Pacific is expected to generate the most revenue in the worldwide dewatering pump market. The rising use of submersible pumps in the construction and industrial sectors is one of the factors driving the market’s quick growth in this area. The Asia Pacific region’s industries are growing significantly faster than average. Construction is one of the main sectors in developing nations like China and India, where government measures to boost industry have proliferated numerous businesses. Nonetheless, it is anticipated that North America and Europe would expand quickly and account for a sizeable portion of the world market for dewatering pumps.