The market for dewatering pumps is expected to grow at a 5.3% annual rate, reaching approximately US$ 6.9 billion by 2022. The global dewatering pump market is primarily driven by high demand from ongoing infrastructure projects. According to Future Market Insights (FMI), the market will increase in value at a CAGR of 5.3% between 2022 and 2028.
Dewatering pumps are in high demand in China’s water reclamation and resource recovery stations, in addition to wastewater treatment plants. China is expected to dominate the Asia dewatering pump market with a value CAGR of 6.0% over the forecast period, according to the study.
Japan is committed to a higher standard of living and a sustainable environment, so it invests heavily in wastewater treatment and the expansion of drinking water capacity. As a result, dewatering pumps will become more popular.
The demand for dewatering pumps is growing as residential complexes, industrialization, and the mining sector expand. Dewatering pumps are commonly used to remove excess water from building and mining sites. They are transportable equipment that are commonly used in subsurface excavation for foundations and basement space building, and are positioned at construction sites with lower ground levels to manage and maintain groundwater levels.
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According to Future Market Insights, the dynamics of the dewatering pumps market, which is primarily influenced by residential complex expansion, industrialization, and the mining industry, will be the subject of a comparison and review study. Increased hydraulic fracturing production to support oil and gas operations will foster market expansion.
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.
The global dewatering pumps market is identified as a fairly concentrated market with the organized sector having a share of around 49% of the global market followed by Tier 2 and small scale manufacturers. The principal aim of the manufacturers has been the expansion of market footprint via extension of their product portfolio and strengthening of the sales and distribution network.
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.
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.
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.
Emergence of China as a major producer of low cost pumps, is has disrupted the market to a certain extent. In order to overcome this challenge, international pump vendors need to differentiate their products through various additional services and integration of advanced technologies.
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Dewatering Pumps Market by Category
By Product Type:
- Sludge Pumps
- Slurry Pumps
- Drainage Pumps
- Hybrid Pumps
By Technology:
- Positive Displacement Type
- Centrifugal Type
By Capacity:
- 0.5-3 hp
- 3-10 hp
- 10-50 hp
- Above 50
By End Use:
- Civic Infrastructure Construction
- Mining & Metals
- Paper & Pulp
- Chemicals
- Power Generation
- Food & Beverages
- Municipal
- Others
By Region:
