A recent report published by Infinium Global Research on the sewage pump market provides an in-depth analysis of segments and sub-segments in the global as well as regional sewage pump market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional sewage pump market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global sewage pump market. According to the report, the global sewage pump market is projected to grow at a CAGR of 5.8% over the forecast period of 2020-2026.
A sewage pump is used for various infrastructure projects from supplying water to canals, and the removal of sewage to the processing location. Further sewage pumps handle loads of water in a small amount of time along with a cost-effective solution that will increase the demand in the near future. A growing number of wastewater treatment plants globally is driving the demand for Sewage pumps in the manufacturing industry. Increasing the need for environmental sustainability and rising consumer awareness about the impact of wastewater or polluted water enhancing the demand for sewage pumps.
Further, stringent government regulations on wastewater management will augment the demand for sewage pump market. However, the high cost of replacing aging equipment may hamper the demand and restrain the sewage pump market. The rise in residential construction parallelly increasing the adoption of sewage treatment plants propel the demand for sewage pumps in the forecast period. Additionally, the current concerns over the spread of coronavirus are declining the demand for Sewage pump in the global market. Continuous focus reducing the effect of infections and growing health consciousness will continue the growth of the sewage pump. Further, supply and demand disruption due to COVID 19 impact on emerging countries such as India and China anticipated impacting on the growth of the market. Furthermore, increasing hygiene concerns and waste management will increase the demand for sewage pump.
Geographically, North America held the largest share in Sewage pump market in 2019. The US is a key revenue generator in North America Sewage pump market. Factors such as increasing stringency in regulatory norms regarding waste management and a high rate of adoption of advanced sewage pumps will increase demand for the Sewage pump market in this region. However, an increase in the number of wastewater management projects is anticipated to bring rapid growth in the market. Moreover, the Asia Pacific region is anticipated to grow with the fastest CAGR owing to increasing environmental consciousness in the Asian countries.
The report on the global sewage pump market covers segments such as product type and application. On the basis of product type, the sub-markets include surface sewage pump, and submersible sewage pump. On the basis of application, the sub-markets include residential, commercial, and industrial.
The report provides profiles of the companies in the market such as Xylem Inc., Sulzer Ltd., KSB SE & Co. KGaA, Grundfos Holding A/S, Wilo Group, Armstrong Fluid Technology, Nanjing Lanshen Pump Corp. Ltd., Tsurumi Manufacturing Co. Ltd., The Gorman-Rupp Company, and C.R.I. Pumps Private Ltd.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of sewage pump market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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