Vertical Immersion Pumps Market to reach US$ 5,833.9 Mn by 2032 – Future Market Insights
Global Vertical Immersion Pumps Market 2022 – 2032 – Technology Assessment, Company Profiles, Strategies, Capabilities & Product Mapping & Regional Economic Analysis by Future Market Insights
NEWARK, Del., April 26, 2022 /PRNewswire/ — Global sales of vertical immersion pumps are set to be valued at over US$ 3,613.8 Mn in 2022, according to Future Market Insights (FMI). The global vertical immersion pumps market will expand at over 4.9% CAGR from 2022 to 2032.
According to Future Market Insights, application of vertical immersion pumps in irrigation, dewatering, water cooling is the key factor propelling the growth in the market. As these pumps can withstand heavy temperatures, with possibility of cavitation, the demand for vertical centrifugal immersion pumps will increase.
Over the past two decades, the urban population has grown by approximately 2%. To cater to the growing demand for basic necessities such as food and crops, need for vertical immersion pump in irrigation sector is surging. Hence, key players are integrating technological advancements to capitalize on growing demand.
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This COVID-19 analysis of the report includes COVID-19 IMPACT on the production and, demand, supply chain. This report provides a detailed historical analysis of the global Vertical Immersion Pumps Market from 2017-to 2021 and provides extensive market forecasts from 2022-to 2032 by region/country and subsectors. The report covers the revenue, sales volume, price, historical growth, and future perspectives in the Vertical Immersion Pumps Market
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.
“Burgeoning use of vertical immersion pumps due to high-temperature comportment proportions and deterioration resistant property, the sales in the market are expected to increase at a steady rate.” says a Future Market Insights analyst.
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.
Some of the key players in this industry include
- 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
- Lenntech BV
- Vertiflo Pump Company
- Salvatore Robuschi
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Global Vertical Immersion Pumps Market by Category
By Product Type:
- Line Shaft Pump (VS-4)
- Cantilever Pump (VS-5)
- Up to 100m3/hr
- 100 to 500m3/hr
- 500 to 1000m3/hr
- Above 1000m 3/hr
- Potable Water Supply
- Water Cooling
- Geothermal Well
- Oils, Fuels, Lubricants Transfer
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The research report analyzes the demand for Vertical Immersion Pumps. The global Vertical Immersion Pumps market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background. As per Future Market Insights, the market has been analyzed based on throughput rate, capacity, end-use, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply-side and demand factors.
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Future Market Insights (ESOMAR certified 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 favor 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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