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Global Vertical Immersion Pumps Market Size and Forecast 2024-2033|KSB SE & Co. KGaA, ITT Inc., Ruhrpumpen Group, Castle Pumps Ltd., AxFlow Holding AB

The Vertical Immersion Pumps Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Vertical Immersion Pumps Global Market Report 2024, The vertical immersion pumps market size has grown steadily in recent years. It will grow from $3.44 billion in 2023 to $3.58 billion in 2024 at a compound annual growth rate (CAGR) of 3.9%. The growth in the historic period can be attributed to industrial applications, efficiency and reliability, expansion of oil & gas sector, chemical processing demand, water and wastewater treatment.

The vertical immersion pumps market size is expected to see steady growth in the next few years. It will grow to $4.21 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to industry 4.0 integration, energy efficiency focus, emerging renewable energy sectors, advanced materials development, rising demand in asia-pacific.. Major trends in the forecast period include strategic collaboration, remote operations and monitoring, service and maintenance solutions, customization and adaptability, water management solutions.

The growing demand from various industries is expected to propel the demand for the vertical immersion pumps market going forward. Vertical immersion pumps are gaining traction in a variety of sectors, including irrigation, dewatering, water cooling, and oil, gasoline, and lubricant transfer. Due to its multiple uses, there is an increase in demand for vertical immersion pumps in the oil and gas, chemical, and power generation industries because to its increasing demand in the global market. For instance, in October 2022, according to the U.S. Energy Information Administration (EIA), a US-based government agency, global liquid fuel consumption is expected to increase by 100.98 million barrels per day in 2023. Therefore, the growing demand from various industries will drive the need for the vertical immersion pumps market.

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The vertical immersion pumps market covered in this report is segmented –

1) By Product Type: Line Shaft Pump (VS-4) , Cantilever Pump (VS-5)

2) By Material: PP (GFR) , PVDF, Cast iron, Ductile cast iron, WCB, Other Materials

3) By Capacity: Up to 100m3/hr, 100 to 500m3/hr, 500 to 1000m3/hr, Above 1000m 3/hr

4) By Application: Irrigation, Potable Water Supply, Water Cooling, Dewatering, Geothermal Well, Oils, Fuels, Lubricants Transfer, Other Applications

Technological advancement is a key trend gaining popularity in the vertical immersion pump market. Major companies operating in the vertical immersion pump market are advancing their new technologies toward vertical multistage pumps to sustain their position in the market. For instance, in June 2021, Dooch pumps, a Korea-based manufacturer of energy-efficient water pumps, launched a vertical multistage XR(L) pump series. These XR and XRL pumps are vertical, non-self-priming, multistage centrifugal in-line pumps powered by a standard electric motor. A connection connects the motor’s output shaft to the pump shaft directly. Additionally, stay bolts hold the pressure-resistant cylinder and flow passage components between the pump head and casing.

The vertical immersion pumps market report table of contents includes:

1. Executive Summary

2. Vertical Immersion Pumps Market Characteristics

3. Vertical Immersion Pumps Market Trends And Strategies

4. Vertical Immersion Pumps Market – Macro Economic Scenario

5. Global Vertical Immersion Pumps Market Size and Growth

26. South America Vertical Immersion Pumps Market

27. Brazil Vertical Immersion Pumps Market

28. Middle East Vertical Immersion Pumps Market

29. Africa Vertical Immersion Pumps Market

30. Vertical Immersion Pumps Market Competitive Landscape And Company Profiles

Top Major Players: