According to Future Market Insights (FMI), the global vertical immersion pumps market is expected to generate sales worth more than US$ 3,786.2 million in 2023 and projected to rise at US$ 6,050.8 million by 2033. Over a 4.8% CAGR is projected for the vertical immersion pumps market worldwide between 2023 and 2033.
According to Future Market Insights, the primary driver of market growth is the use of vertical immersion pumps in irrigation, dewatering, and water cooling. Vertical centrifugal immersion pumps will be in high demand due to its capacity to sustain high temperatures without cavitation.
The urban population has increased by about 2% over the last two decades. The demand for vertical immersion pumps in the irrigation sector is increasing to meet the rising demand for basic necessities such as food and crops. As a result, important firms are incorporating technology innovations to capitalise on rising demand.
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Based on capacity, the vertical immersion pumps up to 100m3/hr capacity are gaining immense popularity, especially for irrigation, dewatering, and potable water supply application.
Key Takeaways from Vertical Immersion Pumps Market Study
- In terms of application, the irrigatioin segment will witness highest growth over the forecast period
- Based on capacity, the up to 100m¬3/hr segment will account for significant share on the back of growing application in irrigation sector
- The U.S. is expected to spearhead the growth in North America vertical immersion pumps market through 2022 & beyond
- By product type, cantilever pump (VS-5) is the most commonly used vertical immersion pump which acquires around half of the market volume-wise.
Who is winning?
The vertical immersion pumps market is fragmented with several key players. As per FMI, top players are expected to hold around 35% to 40% of the market shares. These players are likely to invest in new technology developments and expansion of their distribution networks to maintain their market presence.
key players
- Ruhrpumpen Group
- Brinkamann Pumps
- KSB Pumps
- Gusher Pumps
- ITT Inc.
- AxFlow Holdings AB
- Lutz JESCO GmbH
- Castle Pumps
- North Ridge Pump
- CRI Pumps
- FLUX Pumps
- Flowserve Corporation
- Tapflo Pumps UK
- Andritz
- Sulzer
- Lenntech BV
- Vertiflo Pump Company
- Salvatore Robuschi
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Vertical Immersion Pumps Market by Category
By Product Type:
- Line Shaft Pump (VS-4)
- Cantilever Pump (VS-5)
By Capacity:
- Up to 100m3/hr
- 100 to 500m3/hr
- 500 to 1000m3/hr
- Above 1000m 3/hr
By Application:
- Irrigation
- Potable Water Supply
- Water Cooling
- Dewatering
- Geothermal Well
- Oils, Fuels, Lubricants Transfer
- Others
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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