Sump and Submersible Pumps: Global Markets to 2023
The global sump and submersible pump market should reach $3.3 billion by 2023 from $2.4 billion in 2018 at a compound annual growth rate (CAGR) of 6.6% for the period 2018-2023.
- 72 data tables and 55 additional tables
- An overview of the global market for sump pump technologies
- Analyses of global market trends with data from 2017 to 2018, and projections of CAGRs through 2023
- Coverage of history and evolution of sump pump
- Discussion of residential, commercial and industrial applications of sump pump
- Detailed profiles of the major companies, including, AMT Pump Company (Gorman-Rupp), BJM Pumps, Eco-Flo Products/Ashland Pump Company, Liberty Pumps, Myers, Shanghai Shuangbao Machinery Co. and Xiamen Starflo Industry and Trade Co.
This study reviews sump pump technology categories, along with relevant market and production information, technological descriptions and issues, applications, and market factors and potential and provides an overview of relevant incentives and regulations in major global markets. This study will be of interest to current and potential manufacturers and suppliers of residential, commercial, and industrial sump pumps, as well as entrepreneurs and entrepreneurial companies interested in entering or expanding into the sump pump technology sector.
The market analysis provided in this report is based on a variety of data sources. These include the most recent government, industry, and corporate data on sump pump sales, production, imports, and exports; manufacturing and industrial productivity data used to help gauge historic and anticipated future market growth; data generated by recent and ongoing R&D efforts aimed at identifying new and developing niches for certain classes of sump pumps and potential for associated growth; and available corporate announcements for major large-quantity sump pump deliveries and sales.
Sump pump technology advances are characterized by incremental change, rather than industry-shaping leaps. Emerging sump pump technologies that may become commercially viable within the five-year forecast period are summarized but are not included in the market assessment of this report. BCC Research analyzes each major viable sump pump technology, determines its current market status, examines its impact on future markets, and presents forecasts of growth over the five-year forecast period. Technological issues, including the latest trends, are assessed and discussed, as are current and likely regulatory environments that support this industry. Sales of both new and replacement/retrofit sump pump systems are considered.
BCC Research has analyzed the sump pump industry on a global basis in terms of manufacturing and the deployment of technologies and products. BCC Research has also examined key market drivers and headwinds and their roles in driving or throttling the global sump pump market.
Robert Eckard, PhD, has 15 years of experience working in the energy and environmental industries. Having completed his dissertation in water resources at the University of California at Davis, Eckard also runs a small industry research and technical consulting company, with an emphasis on the energy/water/environmental sectors. Eckard has provided economic analysis market assessments, environmental analyses, and technical water and energy reports to state and local governments, other consultants and private companies, and individuals throughout the U.S., as well as the Middle East, Southeast Asia and Australia. He has also worked as a subcontractor under the U.S. Department of Energy and has provided evaluations of a wide array of industrial technologies and systems, and related supply markets, for Fortune 500 firms, as well as companies looking to supply or provide services to sump pump end users. Previously, he has produced reports for BCC Research on the global markets for a variety of industrial, energy and water-related industries, including industrial furnaces, industrial boilers, alternative natural gas extraction techniques, enhanced oil recovery, distributed power generation, energy efficient building technologies, recycled wastewater treatment, and solar power generation and heating technologies.