The global dewatering pumps market is a fairly concentrated market, with the organised sector accounting for approximately 49 percent of the global market, followed by Tier 2 and small scale manufacturers. The manufacturers’ primary goal has been to increase their market footprint by expanding their product portfolio and strengthening their sales and distribution network.
Leading market players are shifting their production bases to Asia Pacific in order to capitalise on economies of scale. The global market is, as is customary, trending toward consolidation. Several mergers have occurred recently; the same trend is expected to continue in the coming years, with profitability remaining the primary driving force behind these acquisitions.
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Long-term tie-ups with EPC (Engineering Procurement and Construction) companies are expected to provide high and stable sales to international manufacturers of dewatering pump. Most sales of small and medium capacity pumps take place through distributors and retailers, which generally hold multi-branded & wide variety products at their shelves.
Providing integrated offerings through diverse range of products and developing strong distribution and aftersales service network at regional and local level can provide significant opportunities for growth. In order to gain competitive advantage, strong focus on life-cycle costs analysis, including reducing operating costs through energy-efficient solutions, is highly required for product differentiation.
According to the report by Future Market Insights (FMI), the global dewatering pumps market is expected to witness a CAGR of 5.2% from 2018 to 2028. In 2017, the market was worth US$ 5,498.6 Mn and is expected to rise to a valuation of US$ 9,510.2 Mn by the end of 2028.
Burgeoning Exploration Activities for New Sources of Water to Trigger High Demand
Governments of emerging economies in Asia Pacific and MEA, particularly in countries such as South Africa, Morocco and the UAE, are focusing on improving drinking water facilities in urban as well as rural areas. Also, exploration of new water sources is expected to increase sales of pumps with enhanced capacity and efficiency for agricultural and domestic applications. Desalinization projects are also expected to contribute to adoption of pumps, as most parts of the globe still lack the basic facility of running water.
An estimated 60% of the world is still without running water. ASEAN region is witnessing increase in water supply and sanitation projects by governments, which is likely to boost sales of centrifugal pumps for domestic and agricultural applications. It has been estimated that only 50% of the global population has access to drinking water from a piped connection providing running water in their homes or compounds. As per the analyst, the demand for dewatering pumps across the globe, especially in ASEAN countries will increase owing to these reasons.
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Market Taxonomy
By Equipment
- Civic Infrastructure Construction
- Commercial Construction
- Tunnels
- Mining & Metals
- Paper & Pulp
- Chemicals
- Power Generation
- Food & Beverages
- Municipal
- Others
By Capacity
- 0.5-3 hp
- 3-10 hp
- 10-50 hp
- Above 50 hp
By Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Middle East & Africa
- China
- South East Asia & Pacific (SEAP)
- India
- Japan
By Application
- Sludge Pumps
- Slurry Pumps
- Drainage Pumps
- Hybrid Pumps
By Technology
- Positive Displacement Type
- Centrifugal Type
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Low Priced China-based Pumps to Act as Hindrance to Market Growth The presence of numerous Chinese players who are offering low-priced pumps acts as a restraint to most regional and global players offering pumps. The surging price pressure from these players is influencing the main suppliers to offer high-quality, reliable, efficient, and technologically-advanced pumps at competitive prices. However, the price sensitive nature of the market is a restraining factor on overall revenue growth potential of the global pump market.
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