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 cleantech, clean transportation, clean/smart cities, advanced fuels, water and energy sectors. Having completed his dissertation at the University of California at Davis, Robert also runs a specialty industry research and technical consulting company, with an emphasis on energy, water and climate-oriented sectors, including those segments relevant to this study. Robert specializes in commercialization, data-based economic analysis, market development and penetration, environmental analysis and technical energy, environmental and market studies for Fortune 500, Global 1000 and promising startups, as well as state and local governments, other consultants and industry organizations throughout the U.S., Canada, Europe, the Middle East, Southeast Asia and Australia. He worked as a subcontractor under the U.S. Department of Energy providing evaluations of a wide array of industrial technologies, systems and related supply markets. He helped to successfully develop new markets in the U.S. and abroad, identify target niches and support highly successful business strategy development. Previously, he produced reports for BCC Research on global markets pertaining to energy, industry, energy efficiency, water and industrial, durable goods and related categories and technologies. Robert works directly in the industries that he analyzes and has successfully secured over $225 million in fund development for specific projects and technologies in the last six years.