The global sewage pump market size is expected to reach US$ 16.8 Bn by 2027, expanding at a CAGR of 7.1% from 2020 to 2027. In terms of volume, the global sewage pump market is expected to reach 29 million units by 2027, at a CAGR of 6.1% during the forecast period of 2020-2027. Asia Pacific held a prominent share of the sewage pump market in 2019.
The growing demand for clean water, along with the underlying mega-trend of population growth, is enhancing the demand for sewage pumps around the world. A large number of sewage pump manufacturers are investing in South America due to an increase in the number of wastewater treatment plants.
Globally, the construction industry is expanding in Asia Pacific, Europe, North America, and GCC. Residential construction is increasing with the rise in population. Rise in residential construction is increasing the number of wastewater treatment plants, which is increasing sewage pump sales. As per the World Bank, global manufacturing value added (MVA) has increased from US$ 12.3 trillion in 2016 to US$ 13.2 trillion in 2017, with a Y-O-Y growth of 7.3%.
The construction industry in North America grew from US$ 1.1 Bn in 2016 to US$ 1.3 Bn in 2019, at a CAGR of 3.5%. Rise in residential construction is increasing the number of treatment plants that is driving the demand for sewage pumps. In the U.S., although the volume of wastewater has decreased, the nature of wastewater of the 21st century has less liquid, and more solids and disposables. Hence, good quality sewage pumps are required for sewage transportation.
In Europe, the construction industry is in a decline. It was valued at US$ 2.5 Bn in 2016, reached US$ 5 Bn in 2017, and decreased to US$ 3.6 Bn in 2018, at a CAGR (2016-18) of 18.8%. EUROCONSTRUCT forecasts the construction industry to decline in Europe from US$ 2.2 Bn in 2019 to US$ 1.6 Bn in 2021, at a CAGR (2019-21) of -14.2%. However, as per FIEC (European Construction Industry Federation) in the Big Five Countries, the number of building permits in residential construction has increased from 878,562 in 2014 to 1,103,431 in 2018, at a CAGR of 5.9%. This is increasing wastewater treatment plants in Europe and also increasing pump sales.
In Germany, the construction market was valued at US$ 368.9 Bn in 2016 and reached US$ 451.0 Bn in 2018, expanding at a CAGR of 10.6%. In 2019, the industry is forecast to reach US$ 476.0 Bn, with a Y-O-Y growth of 5.5%.
China is the dominant sewage pump market in the Asia Pacific region. The government is investing in wastewater technologies to maintain the ecosystem. India is the second-largest sewage pump market, followed by Japan, which is a mature sewage pumps market. The Tokyo Olympics in 2020 is expected to increase the demand for sewage pumps. In China, the construction industry was valued at US$ 816.6 Bn in 2017, rising at a CAGR of 16.6% from 1978, as per the National Bureau of Statistics (NBS).
In MEA, the efficient use of water is crucial due to its scarcity. Wastewater treatment plants help in the reuse of sewage water, which is very important to the region.
Overview
Awareness of Impact of Untreated Water on the Environment to Drive Market Growth
The World Health Organization’s report on the progress on water treatment says that, with only around 55% of domestic water being collected getting effectively treated, it poses a risk to the environment and the health of millions of people who live near polluted water sources. Increase in awareness about this issue has led governments and municipal organizations to take steps towards building infrastructure for the proper management of wastewater. This has given impetus to the sewage pump market, as stakeholders are looking at manufacturing innovative and efficient pumps across the residential, commercial, and industrial sectors.
The growing demand for clean water, along with the underlying mega-trend of population growth, is enhancing the demand for sewage pumps around the world.
High Cost of Replacing Ageing Equipment May Restrain Market
The biggest challenge faced by players in the sewage pump market is ageing equipment, with wastewater treatment plants working with machinery that is obsolete and ineffective.
The struggle faced by players in the wastewater treatment market to keep abreast of the many regulations that are complex, being enforced by governments and other regulatory institutions, is also a concern. The high costs of updating ageing equipment and meet these regulation standards can negatively influence players in the sewage pump market.
Energy-neutral Wastewater Treatment Gaining Traction
Wastewater treatment plants are some of the largest consumers of energy, triggering energy-saving activities and innovation in energy-efficient sewage pumps. According to the European Commission, in Europe, municipal water treatment systems consume as much energy as two power plants in a year. However, studies show that, these wastewater treatment plants can achieve energy-neutrality without compromising on the performance of various components used in water treatment plants, including sewage pumps.
This aligns with the United Nation’s Sustainable Development Goals 6, which focuses on halving the proportion of untreated wastewater, thereby reducing water pollution. With the incorporation of technology into the industry, companies are looking at various avenues to achieve energy-neutrality by using biogas, solar energy, and even thermal and hydro power.
This is opening up scope for players in the sewage pump market to manufacture products that are engineered to not just focus on hydraulic efficacy but also be energy-efficient. Stakeholders in the market are working towards performance reliability in products offering maximum uptime, while being highly energy-efficient. The attempt to make these pumps energy-efficient also includes making them viable for integrating them into sewage systems that run on green energy.
The incorporation of technology has also been an important aspect in improving the efficacy of pumps. Players in the market are now using technology to monitor and improve the health of pumps, in turn, reducing operating costs and extending the equipment’s life.
Submergible Sewage Pumps to Remain Popular in the Landscape
Submergible sewage pumps have remained popular in the market, with a revenue share of 91% of the global market for sewage pumps, in 2019. This trend is unlikely to change during the period of 2020-2027, due to the fact that, they are more energy-efficient and require no priming in comparison to surface sewage pumps. Submersible sewage pumps are also widely used in wastewater treatment plants as inside pumps, in industrial water extraction, seawater handling, irrigation systems, among other industries.
Submersible sewage pumps are continuing to remain the popular choice spurring innovation. Players in the sewage pump market have launched products that improve the efficiency and durability factors to cater to the specific pumping needs of various industries. For instance, Xylem, a leading player in the sewage pump market has launched a stainless steel submergible sewage pump in 2019 that has customizable options to fit exact requirements.
Based on product, the sewage pump market has been categorized into surface sewage pumps and submersible sewage pumps. On the basis of end use, the global sewage pump market is bifurcated into residential, industrial, and commercial.
In terms of region, the report classifies the market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America. The regions have been analyzed in terms of value and volume shipments in the sewage pump market industry. Moreover, region-wise significant countries covered in the report are the U.S, Canada, France, Germany, U.K., China, Japan, India, GCC, South Africa, and Brazil.
The study has considered the base year as 2019, which estimates the market size of market and the forecast period is 2020 to 2027. The report analyzes and forecasts the market size, in terms of volume (thousand units) and value (USD million), for the market. The report provides a detailed analysis of various forces acting in the market (drivers, restraints, opportunities, and challenges). The report covers key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.
Key Players
Company profiles of players operating in the sewage pump market include company overview, major business strategies, and key developments. Companies profiled in the global sewage pump market include -
Segmentation
Global Sewage Pump market by Product
Global Sewage Pump Market, by End Use
Global Sewage Pump Market by Geography
The Sewage Pump market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Sewage Pump market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Sewage Pump market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Sewage Pump market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Sewage Pump market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Sewage Pump capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Sewage Pump by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Sewage Pump market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Sewage Pump market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Sewage Pump market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Sewage Pump industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Sewage Pump market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Sewage Pump market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Sewage Pump market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Sewage Pump market. These factors have benefited the growth of the global market for Sewage Pump. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Sewage Pump. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Sewage Pump are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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