Vertical Immersion Pump Market Size, Growth Trends, Supplier Analysis, Forecasts, And Share Analysis, 2023-2030 | Rationalstat Study

(MENAFN- GlobeNewsWire - Nasdaq) Wilmington,Delaware, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Global Vertical Immersion Pump Market size is estimated at US$ 2,353.4 million in 2022 and is expected to grow at a significant CAGR of over 4.1% over the forecast period of 2023-2030, according to the latest market report by RationalStat

Market Definition, Market Scope, and Report Overview

As global industrialization expands, there is an increasing demand for efficient and dependable pumping solutions. Vertical immersion pumps are widely utilized in a variety of industries, including oil and gas, chemical processing, water and wastewater treatment, and power production. The requirement to effectively transport fluids within industrial processes drives the need for these pumps.

Furthermore, the growing population and growing worries about water shortages have resulted in an increase in demand for water and wastewater treatment solutions. Vertical immersion pumps are essential for pumping and transferring water for treatment. They are utilized in a variety of applications, including municipal water treatment plants, industrial wastewater treatment facilities, and desalination plants.

• According to a deep-dive market assessment by RationalStat, the global vertical immersion pump market has been analyzed on the basis of market segments, including on type, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific) . The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
• Market intelligence for the global vertical immersion pump market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by variproducts/services/ equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
• In addition, the long-term sector and products/services 10-year outlook and its implications on the global vertical immersion pump market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

Request A Customization:

Global Vertical Immersion Pump Market: Segmental and Market Share Analysis

• On the basis of type, the cantilever pumps (VS-5) segment is expected to generate an absolute dollar potential of more than US$ 1,042.7 million between 2023 and 2030.
• On the basis of application, the irrigation segment is anticipated to generate an opportunity worth more than US$ 294 million between 2023 and 2030. Vertical immersion pumps will likely become more widely used as the irrigation industry expands globally.

Report Synopsis

Report Metrics	Details
Base Year	2022
Forecast Period	2023-2030
Base Year Market Size	US$ 2,353.4 million
Market Size Forecast	US$ 3,245.6 million
Growth Rate	4.1%
Key Market Drivers	Expansion of Irrigation Sector Increasing Investment Planning and Industrialization
Companies Profiled	Ruhrpumpen Group Brinkamann Pumps KSB Pumps Gusher Pumps ITT Inc. AxFlow Holdings AB Lutz JEGmbH North Ridge Pump Flowserve Corporation Lenntech BV

Explore more about this report

Competition Analysis and Market Structure

These players adopt varistrategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global vertical immersion pump market include,

• In 2020, RobPumps was purchased by Wolf Pump Inc. It is a U.S. based pump producer of stainless-steel submersible pumps.
• In June 2021, Dooch Pumps, a maker of energy-efficient water pumps, has created a vertical multistage XR(L) pump series. A standard electric motor power these vertical, non-self-priming, multistage centrifugal in-line XR and XLR pumps.

Some of the prominent players and suppliers operating and contributing significantly to the global vertical immersion pump market growth include Ruhrpumpen Group, Brinkamann Pumps, KSB Pumps, Gusher Pumps, ITT Inc., AxFlow Holdings AB, Lutz JEGmbH, North Ridge Pump, Flowserve Corporation, Lenntech BV among others.

Get A Free Sample:

RationalStat has segmented the global vertical immersion pump market based on type, application and region

• Global Vertical Immersion Pump Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
  • Line Shaft Pump (VS-4)
  • Cantiliver Pump (VS-5)
• Global Vertical Immersion Pump Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
  • Irrigation
  • Potable Water Supply
  • Water Cooling
  • Dewatering
  • Oil, Fuels, Lubricants Transfer
  • Others
• Global Vertical Immersion Pump Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
  • North America Vertical Immersion PumpMarket
    • Canada
  • Latin America Vertical Immersion PumpMarket
    • Brazil
    • Mex
    • Rest of Latin America
  • Western Europe Vertical Immersion PumpMarket
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Benelux
    • Continue!

Key Questions Answered in the Vertical Immersion Pump Report:

• What will be the market value of the global vertical immersion pump market by 2030?
• What is the market size of the global vertical immersion pump market?
• What are the market drivers of the global vertical immersion pump market?
• What are the key trends in the global vertical immersion pump market?
• Which is the leading region in the global vertical immersion pump market?
• What are the major companies operating in the global vertical immersion pump market?
• What are the market shares by key segments in the global vertical immersion pump market?

For more information about this report

Explore Our Trending Reports

• Global Service Robotics Market – Global Service Robotics Market is expected to grow at a CAGR of 4.8% over the forecast period of 2022-2028.
• Global Robotic Motion Control Market - Global Robotic Motion Control Market is expected to grow at a CAGR of 19.4% over the forecast period of 2022-2028.
• Global Industrial Robotics Market - Global Industrial Robotics Market is expected to grow at a CAGR of 12.8% over the forecast period of 2022-2028.
• Global Gantry Robot Market - Global Gantry Robot Market is expected to grow at a CAGR of 5.8% over the forecast period of 2022-2028.
• Global Medical Rehabilitation Robotics Market - Medical rehabilitation market is estimated at US$ 135 million in 2022 and poised to grow significantly during the forecast period.
• Global Agricultural Robots Market - Global Agricultural Robots market is expected to grow at a CAGR of around 15% over the forecast period of 2022-2028.
• Global COBOT Market - The primary factors driving development include increasing usage among Small and Medium Enterprises (SMEs) and investments in manufacturing process automation.
• Global UVC Disinfectant Robot Market - Global market for UVC disinfection robot is expected to grow at a CAGR of more than 30% during the forecast period 2019-2028.
• Global Cooking Robots Market - Global cooking robots market is estimated to witness a robust growth rate of over 15% over the period of 2019–2028.
• Global Power Tools Market - Global Power Tools Market is expected to grow at a CAGR of 8.9% over the forecast period of 2022-2028

Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

Download Key Insights and Market Data - Raise a Query

About RationalStat LLC

RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and theto support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.

RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client's needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.

Contact

RationalStat LLC

Kimberly Shaw,

Content and Press Manager

UK Phone: +44 203-287-1245

LinkedIn | Facebook | Twitter | Instagram | Pinterest

Tags Vertical Immersion Pump Market Vertical Immersion Pump Immersion Pump Market Pump Market Pumps market report Related Links

• Global Telecommunication Equipment Market
• Global Cold Storage Warehouse Market
• Global Electric Forklift Market
• Global Warehouse Automation Market
• Hungary Welding Equipment Market
• Global Welding Consumables Market
• Global Industrial Valve Market
• Europe Heat Pump Market
• Global Smart Parcel Locker Market
• Global Industrial Vacuum Cleaners Market

MENAFN05092023004107003653ID1107008708