Submersible Dewatering Pumps Market Size, Share, Growth, and Industry Analysis, By Type (Single Phase Submersible Dewatering Pump & Three Phase Submersible Dewatering Pump), By Application (Mining and Construction, Oil and Gas, Industrial, Municipal & Others), Regional Insights, and Forecast From 2022 To 2030

Updated On: 15 May 2023

submersible dewatering pumps market REPORT OVERVIEW

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The global submersible dewatering pumps market size was USD 33.51 billion in 2022 and market is expected to reach USD 41.92 billion in 2028, exhibiting a compound annual growth rate (CAGR) of 3.8% during the forecast period.

Pumping is used to remove or drain groundwater or surface water from a riverbed, building site, caisson, or mine shaft during the dewatering process. In many different industries, including power plants, underground mines, flood dewatering, cement plants, thermal plants, and the construction industry, dewatering pumps are primarily utilized for the water removal or expulsion process. In order to manage and regulate the level of groundwater, these pumps are installed at building sites located at lower ground levels.

They are a sensible choice because they do away with the expense of handling solids. There are two different kinds of dewatering pumps on the market: submersible dewatering pumps and non-submersible dewatering pumps. A hermetically sealed motor that is tightly attached to the machine is included with the submersible pump. There are several different types of non-submersible pumps, including centrifugal submersible dewatering pumps and well point dewatering pumps. These pumps are a mechanical device that is placed on the surface and used to raise groundwater to the dewatering pump unit that is already there.

COVID-19 Impact: Industry Imbalance Causes Market Distortion

The COVID-19 outbreak caused unstable markets, a drop in consumer confidence, and problems with import and export commerce for producers of machinery and equipment. Markets were shuttered as a result of the lockdown, and many people stayed inside. Supply chain breaches, 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. Because there was no longer a market for the product, submersible dewatering pumps became obsolete as those markets closed. In order 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 distorted the entire market. In addition, 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 somewhat impacted by this.

LATEST TRENDS

"Investment in Product to Boost the Market Growth "

The majority of small and medium dewatering pumps are purchased via distributors. End users are drawn to pump distributors who offer engineering know-how, after-sales services, and comprehensive solutions to fulfil clients' unique needs. The majority of multinational companies adopt the approach of growing their connections with local and regional distributors in order to build their local networks. To lower operating costs and boost profitability, many investors are now investing in the construction of infrastructure in developing nations. In addition, as they 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 to blame for the market's overall growth.

submersible dewatering pumps market SEGMENTATION

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• By Types 

Based on type, the market is classified into Single Phase Submersible Dewatering Pump & Three Phase Submersible Dewatering Pump.

• By Application

Based on application, the market is categorized into Mining and Construction, Oil and Gas, Industrial, Municipal & Others.

DRIVING FACTORS

"Construction & Industrialization that Gives the Market Extra Boost "

Submersible dewatering pumps are becoming more and more necessary as residential complexes, industrialization, and the mining industry all grow. Dewatering pumps are now employed to remove extra water from mining and building sites. They are positioned at construction sites with lower ground levels to monitor and maintain groundwater levels and are transportable equipment that is frequently utilized in subsurface excavation for creating basement spaces and foundations. To improve production efficiency, a number of businesses, in particular oil and gas, power, and chemicals, are investing in the renovation of their facilities and pumping systems. Dewatering pumps are increasingly in demand due to the growing need for efficient industrial infrastructure in emerging countries as well as an emphasis on retrofitting, upgrading, and replacing ageing components. As a result, the growth and 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 Encourage Market Expansion "

The water and wastewater treatment systems in developed nations are getting older and approaching the end of their useful lives. Reinstalling and modernizing the outdated infrastructure will require significant spending to resolve this issue. On the other hand, several emerging economies have just recently begun to update their water infrastructure and still do not have enough access to drinking water. The market for submersible dewatering pumps is projected to have profitable growth prospects as a result of such attempts to replace old infrastructure. The operational lifespan of water and wastewater treatment systems is roughly 70 to 80 years, and in many cases, the water and wastewater treatment plants have reached the end of their useful lives. As a result, during the projected period, the market for services is anticipated to rise rapidly.

RESTRAINING FACTORS

"Motor Failure & High Troubleshooting to Impede Market Expansion"

When used within the temperature, hydraulic loading, and power constraints of their design, submersible pump motors are incredibly reliable. These motors work well in typical home, municipal, and agricultural systems. Unknowingly, these motors are frequently employed in applications that go beyond their intended function. Failures consequently occur, and the benefits of submersible motors are quickly forgotten or lost. The most frequent causes of high temperature damage to submersible motors are pumping hot water, overloading by the pump, loss of cooling flow through the motor, scale buildup, and frequent engine starting and stopping. Such breakdowns have a significant troubleshooting cost and shorten the pump's life due to repairs and replacements. If this problem is fixed, the market will start to grow right away.

submersible dewatering pumps market REGIONAL INSIGHTS

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"North America Dominating the Market Across the Globe"

The market for submersible dewatering pumps in North America has benefited from the region's expanding industrial development, and various driving factors which has increased the potential sectors as this region is the largest user of the product. The key factor driving the growth of the submersible dewatering pumps market share is the growing demand of product in mining and construction, oil and gas, industrial, municipal industry is one of the major reasons to drive the market. Rapid urbanization developments will further boost the overall market.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

The research provides details on the list of market participants and their activity in the sector. Acquisitions, mergers, technical advancements, collaborations, and increasing production facilities are used to gather and report the information. The companies that produce and introduce 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 (U.S.)
• Flowserve Corporation (U.S.)
• KSB (Germany)

REPORT COVERAGE

The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost submersible dewatering pumps market share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.