Dewatering Pump Market Size, Share, Growth, and Industry Analysis, By Type (Submersible Dewatering Pumps, Non-Submersible Dewatering Pumps), By Application (Mining and Construction, Oil and Gas, Industrial, Municipal & Others) and Regional Insights and Forecast to 2032

Updated On: 15 April 2024

DEWATERING PUMP MARKET REPORT OVERVIEW

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The global dewatering pump market size was USD 3339.7 million in 2019 and will touch USD 5412.3 million by 2026, exhibiting a CAGR of 7.1% during the forecast period.

The process of removal of groundwater or surface water is considered as dewatering. The dewatering process involves the removal or draining of groundwater or surface water from a riverbed, construction site, caisson, or mine shaft, by pumping. Dewatering pumps are majorly used for water removal or expulsion process in industries such as power plants, underground mines, flood dewatering, cement plants, thermal plants, and construction industries. These pumps are installed at construction sites situated at lower ground levels to maintain and control groundwater water level.  They serve as a cost-efficient option, as they eliminate the cost of solids handling. Many participants in the global dewatering pumps market are opting for long-term contracts due to the intense" "competition and the volatility of raw material prices. Consequently, these vendors are resorting to mergers and acquisitions as strategic measures to expand their business operations and effectively address the competitive landscape.

COVID-19 Impact: Industry Imbalance Caused Distortion in Market

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID 19 outbreak caused unstable markets, a drop in consumer confidence and problems with import & export commerce for producers of machinery and equipment. Markets were shuttered as a result of the lockdown and many people stayed inside. Supply chain beaches, stock market inefficiencies and vendor instability are results of this evolution. The market as a whole was impacted by the shutdown of the machinery and equipment industry. Since there was no longer a market for the product, submersible dewatering pumps became obsolete as those markets closed. To maintain stability amidst the disruptions, organizations were forced to redesign their entire operational structures as a result of the pandemic. The financial imbalance brought on by the closure of numerous stores and significant sectors was the primary factor that hampered the entire market. Also, the outbreak has a negative impact on the business operations of the enterprises, which affects the machinery and equipment market as a whole. The submersible dewatering pumps market has been impacted by this.

LATEST TRENDS

"Investment in product to boost the market growth"

A latest trend in the global dewatering pump market is the majority of small & medium dewatering pumps purchased via distributors. End users are drawn to pump distributors who offer engineering know-how, after-sales services and comprehensive solutions to fulfill client’s unique needs. The majority of multinational companies adopt the approach of growing their connections with local & regional distributors in order to build their networks. To lower operating costs and boost profitability, many investors invest in the construction of infrastructure in developing countries. They also seek a competitive edge, their emphasis on strategic alliances will keep expanding. Thus, a key trend that is opening up potential for the industry to grow is investment of companies. These new developments are mostly responsible for the market’s overall growth.

DEWATERING PUMP MARKET SEGMENTATION

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By Type

Based on type the global market can be categorized into submersible dewatering pumps and non-submersible dewatering pumps.

• Submersible Dewatering Pumps: Submersible Dewatering Pumps are designed to meet the toughest conditions in tunnels, mines, construction sites, and any situation where we need to remove water. Designed for seawater, rainwater, and construction dewatering, our submersible dewatering pumps are light in weight and low maintenance. These are designed to remove unwanted water from areas such as construction sites, mining operations, and commercial buildings. Some common types of submersible pumps are sump pumps, sewer ejector pumps and transfer pumps.

• Non-Submersible Dewatering Pumps: Non-submersible pumps, also known as surface pumps, are installed outside the water source in a dry location. They lack a waterproof seal, which means their motors should not come into contact with water. However, they are relatively easier to maintain compared to submersible pumps. Some common types of non-submersible pumps are effluent pumps, pond and other outdoor pumps.

By Application

Based on application the global market can be categorized into mining and construction, oil and gas, industrial, municipal and others.

• Mining and Construction: The construction and agriculture segment holds the largest market share, as dewatering pumps are essential for maintaining dry work sites, particularly in areas with high water tables or during rainy seasons. They are used for tasks like foundation laying, tunnelling, and managing groundwater during excavation. Furthermore, dewatering pumps facilitate irrigation and manage water levels in fields, especially in arid regions or during droughts. Moreover, the expanding volume of construction and agricultural activities across the globe, driven by urbanization and the need to feed a growing population, is supporting the market growth.

• Oil and Gas: The oil and gas industry utilizes dewatering pumps to ensure efficient and safe operations. They are used in onshore and offshore drilling sites for water removal and management, which is crucial for preventing equipment corrosion and maintaining operational efficiency. Dewatering pumps are also employed in refineries and processing plants for managing water and wastewater processes.

• Industrial: The municipal segment involves the use of dewatering pumps in public infrastructure and services, including water treatment plants, sewage systems, and flood control. They are essential in managing urban water systems, ensuring proper drainage, and preventing flooding in residential and commercial areas. Dewatering pumps also play a critical role in wastewater management, helping to process and transport sewage and storm water.

• Municipal: The mineral and mining industry uses dewatering pumps for the extraction of resources and to ensure safety, operational efficiency, and environmental compliance. They are utilized for lowering the water table and enabling access to mineral deposits in open-pit and underground mines. They are also employed for handling abrasive materials that are often found in mining environments.

DRIVING FACTORS

"Construction and Industrialization drives the market growth"

One of the key driving factors in the global dewatering pump market growth are growing necessity of residential complexes; industrialization and the mining industry grow. Dewatering pumps are employed to remove extra water from mining and building sites. They are positioned at construction sites with lower ground levels to monitor groundwater levels and are fitted with transportable equipment that is frequently utilized in subsurface excavation for creating basement spaces and foundations. To improve production efficiency, a number of businesses such as oil & gas, power & chemicals have been invested in the renovation of their facilities and pumping systems. Dewatering pumps are in demand due to the growing need for efficient industrial infrastructure in emerging economies as well as an emphasis on retrofitting, upgrading and replacing ageing components. As a result, the industrial development to boost the market will contribute to the expansion of the machinery & equipment industry and it will improve the overall submersible dewatering pumps market growth.

"New wastewater treatment to support market expansion"

Another driving factor in the global dewatering pump market is the waste water treatment system. The wastewater treatment systems in developed economies are getting older and unfit for usage. Reinstalling and upgrading them will require significant expenses. On the other hand, several emerging economies have recently started to update their water infrastructure and still do not have enough access to drinking water. As a result of such attempts to replace old infrastructure the market for submersible dewatering pumps is projected to have profitable growth prospects. The operational lifespan of water & water waste treatment systems is roughly 70-80 years and in many cases, these plants have reached the end of their lives. As a result, the market for services is expected to grow during the projected period.

RESTRAINING FACTORS

"Motor Failure and High Troubleshooting has impeded the market expansion"

When submersible motor pumps are used within the temperature, hydraulic loading and power constraints they are very reliable. These motors work well in typical home, municipal, and agricultural systems. These motors are frequently employed in applications that go beyond their intended function. Failures consequently occur and the benefits of submersible motors are instantly forgotten. The most frequent causes of high temperature damages to submersible motors are pumping hot water, overloading by the pump, loss of cooling flow through the motor, scale build up, frequent engine starting & stopping. Such breakdowns have a significant troubleshooting cost and shorten the pump’s life due to repairs and replacements. If this problem is fixed, market’s growth will be inevitable.

DEWATERING PUMPS MARKET REGIONAL INSIGHTS

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"North America dominating the market due to expanding industrial development and urbanization."

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

The market for submersible dewatering pump in North America has benefitted from the region’s expanding industrial development and various other driving factors such as growing demand of product mining & construction, oil & gas, industrial development and urbanization in the region. Such rapid urbanization developments will further boost overall market of dewatering pumps.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through leading manufacturers and boost product demand"

The research provides details on the list of market participants in the sector. Acquisitions, mergers, technical advancements, collaborations and increasing production facilities are used to gather and report the information. The companies that produce new products, the areas where they operate, automation, technology adoption, creating the greatest income and making a difference with their products are some of the other factors that are looked at for this market.

List of Market Players Profiled

• Grundfos (Denmark)
• Sulzer (Switzerland)
• Xylem (USA)
• The Weir Group (Scotland)
• KSB (UAE)
• Ebara (Japan)
• Wacker Neuson (USA)
• Tsurumi Pump (Japan)
• Zoeller Pumps (USA)
• Honda Power Equipment (Japan)
• Mersino Dewatering (USA)
• Nanfang Pump Industry (China)
• Zhejiang EO Pump (China)
• Veer Pump (India)

INDUSTRIAL DEVELOPMENT

March 2023: Flowserve Corporation launched its new SIHI Boost Ultra PLUS Dry-Running vacuum pump.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.