Dewatering Pump Market sales is growing at 4.40% CAGR till 2020
Deerfield Beach, FL -- (SBWIRE) -- 07/18/2017 -- Zion Market Research has published a new report titled "Dewatering Pump Market for Mining & Construction, Water & Sewage, and Other Applications: Asia Pacific Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020". According to the report, the Asia Pacific dewatering pump market was valued at USD 1,293.6 million in 2014 and is expected to reach approximately USD 1,670.1 million by 2020, growing at a CAGR of 4.40% between 2015 and 2020.
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Dewatering process is done by evaporation and is usually done before excavation for footings. Dewatering pump designed to keep working under extremely harsh conditions. Dewatering involves controlling groundwater by pumping, to locally lower groundwater levels in the vicinity of the excavation. Various types are used in dewatering, selection of the dewatering technique at a particular site depends on many factors. The purpose of construction dewatering is to control the surface and subsurface hydrologic environment in such a way as to permit the structure to be constructed in the dry.
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Based on application, dewatering pump market has been segmented into mining & construction, water & sewage, and others. Mining & construction was leading application segment of dewatering pump market and accounted for 35.70% market of the total revenue generated in 2014. This growth can be attributed to strong growth prospectus of the construction industry in Asia Pacific region is expected to drive demand for dewatering pumps in the years to come. Water & sewage is another key application segment expected to exhibit moderate growth over the forecast period.
China dominated the overall Asia Pacific dewatering pump market with a revenue share of 33.50% owing to huge sludge treatment industry in China is expected to trigger the demand for dewatering pumps in the region. Strong demand from emerging economies such as China and Japan is a major driving force for the growth of dewatering market in the region owing to rapid industrialization. Japan accounted for over 20.0% of the total revenue share in 2014 and expected to experience sluggish growth over the forecast period.
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Some of the key players include in dewatering pump market such as Schlumberger Ltd, Harison Pumps Pvt Ltd., MBH Pumps, Keto Pumps, Cornell Pump Company, Xylem etc.
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