The scope of the recent study on the 'US Submersible Chopper Pumps Market Forecast to 2028 - COVID-19 Impact and Analysis -by Type (Electric Submersible and Hydraulic Submersible), Application (Wastewater, Agriculture, and Others), and Discharge Size (Below 6 Inch, 6 Inch to 12 Inch, and Above 12 Inch),' includes the description of factors fueling the market growth, estimation and forecast of revenue, and identification of significant market players and their key developments, along with providing market share analysis.
The US submersible chopper pumps market was valued at S$ 318.8 million in 2020 and is projected to reach US$ 485.6 million by 2028. It is expected to grow at a CAGR of 5.5% from 2021 to 2028.
The submersible chopper pumps market is highly competitive, with leading players holding a substantial share in the US. The market is driven by the rapid uptake of chopper pumps in wastewater treatment facilities and agricultural applications. Electric submersible pumps are expected to account for the largest market revenue share in 2021. Some of the key trends in the market are developing customer-centric products and solutions. Manufacturers of chopper pumps are focusing on serving various end-use applications other than wastewater and agriculture. They are developing product designs for high discharge sizes and sustainability.
Opportunities remain concentrated in the agriculture and wastewater sectors because the category has had strong sales in recent years, and manufacturers are continuing to focus on the growing production of chopper pumps for water and wastewater treatment. Compared to other pumps, chopper pumps have extremely high flow rates and cover a wide range of liquid pumping applications. As a result, chopper pumps continue to see increased innovation and investment. Contemporary trends have resulted in tectonic shifts in a variety of industries. Wastewater treatment has become an essential aspect of sustainable development goals as numerous groups bring attention to the problem of water scarcity. Pump manufacturers are focusing on and exploring the possibilities of their products in these applications, recognizing the growing importance of water and wastewater treatment worldwide. Pump makers are also projected to benefit from increased government spending on water and wastewater treatment activities in the near future.
On the basis of type, the US submersible chopper pumps market is divided into an electric submersible and hydraulic submersible. Hydraulic submersible chopper pumps are specifically designed to handle the mud, sewage, silty sand, solids, and debris typically found in liquid waste pits, lagoons, and digesters in agricultural, industrial, and municipal waste handling applications. Based on application, the market is segmented into wastewater, agriculture, and others. Other applications of submersible chopper pumps include others, chemical, medical, and electronics. In the oil and gas industry, electric submersible pump is an effective artificial lift method of pumping production fluids to the surface. Based on discharge type, the US submersible chopper pumps market is segmented into below 6-inch, 6 inches to 12 inches, and above 12 inches. Above 12 discharge sizes are considered. They are also referred as heavy duty chopper pumps and extensively pump thick materials like slurries. They are found in lift stations in utility districts and municipal water treatment facilities.
The worldwide economic slowdown brought on by Covid-19 has had a negative influence on businesses and their operations. The Covid-19 epidemic hit the United States in the spring and had a variety of effects on the pump business. The pump sector has had serious negative repercussions as a result of severe industries being interrupted. The pandemic has a number of consequences, including supply chain challenges, shipping delays, border tensions, and currency volatility. Volatility in foreign currencies and raw material costs contributed to the pump industry's and other sectors' poor performance. In the year 2020, pump manufacturers had sales declines of 5 to 7% compared to prior fiscal years. Customers' demand from numerous end-user markets has also decreased for market participants. Despite the epidemic, the water and wastewater treatment sector is expected to rise as established and emerging areas improve access to clean water and effective water treatment to meet the needs of their populations..
Based on type, the US submersible chopper pumps market is segmented into an electric submersible and hydraulic submersible. Based on application, the market is segmented into wastewater, agriculture, and others. Based on discharge type, the US submersible chopper pumps market is segmented into below 6 inches, 6 inches to 12 inches, and above 12 inches.
Reasons to Buy
The US submersible chopper pumps market was valued at S$ 318.8 million in 2020 and is projected to reach US$ 485.6 million by 2028. It is expected to grow at a CAGR of 5.5% from 2021 to 2028.
The submersible chopper pumps market is highly competitive, with leading players holding a substantial share in the US. The market is driven by the rapid uptake of chopper pumps in wastewater treatment facilities and agricultural applications. Electric submersible pumps are expected to account for the largest market revenue share in 2021. Some of the key trends in the market are developing customer-centric products and solutions. Manufacturers of chopper pumps are focusing on serving various end-use applications other than wastewater and agriculture. They are developing product designs for high discharge sizes and sustainability.
Opportunities remain concentrated in the agriculture and wastewater sectors because the category has had strong sales in recent years, and manufacturers are continuing to focus on the growing production of chopper pumps for water and wastewater treatment. Compared to other pumps, chopper pumps have extremely high flow rates and cover a wide range of liquid pumping applications. As a result, chopper pumps continue to see increased innovation and investment. Contemporary trends have resulted in tectonic shifts in a variety of industries. Wastewater treatment has become an essential aspect of sustainable development goals as numerous groups bring attention to the problem of water scarcity. Pump manufacturers are focusing on and exploring the possibilities of their products in these applications, recognizing the growing importance of water and wastewater treatment worldwide. Pump makers are also projected to benefit from increased government spending on water and wastewater treatment activities in the near future.
On the basis of type, the US submersible chopper pumps market is divided into an electric submersible and hydraulic submersible. Hydraulic submersible chopper pumps are specifically designed to handle the mud, sewage, silty sand, solids, and debris typically found in liquid waste pits, lagoons, and digesters in agricultural, industrial, and municipal waste handling applications. Based on application, the market is segmented into wastewater, agriculture, and others. Other applications of submersible chopper pumps include others, chemical, medical, and electronics. In the oil and gas industry, electric submersible pump is an effective artificial lift method of pumping production fluids to the surface. Based on discharge type, the US submersible chopper pumps market is segmented into below 6-inch, 6 inches to 12 inches, and above 12 inches. Above 12 discharge sizes are considered. They are also referred as heavy duty chopper pumps and extensively pump thick materials like slurries. They are found in lift stations in utility districts and municipal water treatment facilities.
Impact of COVID-19 Pandemic on US Submersible Chopper Pumps Market
The worldwide economic slowdown brought on by Covid-19 has had a negative influence on businesses and their operations. The Covid-19 epidemic hit the United States in the spring and had a variety of effects on the pump business. The pump sector has had serious negative repercussions as a result of severe industries being interrupted. The pandemic has a number of consequences, including supply chain challenges, shipping delays, border tensions, and currency volatility. Volatility in foreign currencies and raw material costs contributed to the pump industry's and other sectors' poor performance. In the year 2020, pump manufacturers had sales declines of 5 to 7% compared to prior fiscal years. Customers' demand from numerous end-user markets has also decreased for market participants. Despite the epidemic, the water and wastewater treatment sector is expected to rise as established and emerging areas improve access to clean water and effective water treatment to meet the needs of their populations..
US Submersible Chopper Pumps Market Breakdown - by Region, 2020
The report segments the US Submersible Chopper Pumps Market as follows:
Based on type, the US submersible chopper pumps market is segmented into an electric submersible and hydraulic submersible. Based on application, the market is segmented into wastewater, agriculture, and others. Based on discharge type, the US submersible chopper pumps market is segmented into below 6 inches, 6 inches to 12 inches, and above 12 inches.
Reasons to Buy
- To understand the US Submersible Chopper Pumps Market landscape and identify market segments that are most likely to guarantee a strong return
- To stay ahead of the race by comprehending the ever-changing competitive landscape for the US Submersible Chopper Pumps Market
- To efficiently plan M&A and partnership deals in the US Submersible Chopper Pumps Market by identifying market segments with the most promising probable sales
- To help in taking knowledgeable business decisions from a perceptive and comprehensive analysis of the market performance of various segments in the US Submersible Chopper Pumps Market
- To obtain US Submersible Chopper Pumps Market revenue forecast by various segments from 2021 to 2028 in the US
Table of Contents
1. Introduction
3. Research Methodology
4. Submersible chopper pumps Market Landscape
5. Submersible Chopper Pumps Market - Key Market Dynamics
6. Submersible chopper pumps - US Market Analysis
7. Submersible chopper pumps Market Analysis - By Type
8. Submersible Chopper Pumps Market Analysis - By Application
9. Submersible Chopper Pumps Market Analysis - By Discharge size
10. Submersible chopper pumps Market - COVID-19 Impact Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
List of Tables
List of Figures
Executive Summary
The US submersible chopper pumps market was valued at US$ 334.8 million in 2021 and is projected to reach US$ 485.6 million by 2028. It is expected to grow at a CAGR of 5.5% from 2021 to 2028.The rising uptake of submersible chopper pumps in wastewater, agriculture, and other industrial applications is expected to drive the US market. The demand for robust design and varied discharge pumps is increasing among end users, who require these pumps to handle heavy and harder solids, especially in municipal water treatment facilities.
Submersible chopper pumps are extensively used in lift stations across municipal wastewater treatment plants in the US. The new wastewater infrastructure bill has been a driving force to produce clean water and make it available for industrial and personal usage. Furthermore, there has been a significant increase in the need for electric chopper pumps in recent years. These pumps have been pivotal to eliminating the loss in production and mess and making the operation maintenance-free and serviceable to get it back in operation. They have been improving the state of downstream components, processes, and the environment. Hence, the impact of electric technology is likely to influence sales of submersible chopper pumps over the forecast period.
Several companies are developing and introducing new submersible chopper pumps in the market. The industry participants are working on various strategies to cater to the ever-changing market demands. They are engaging in partnerships and collaborations with allied industry players. For example, Hayward Gordon announced expanding its partnership with Weir Minerals in May 2021. The partnership, which is a regional sales distribution agreement, aims to strengthen both companies' knowledge and service expertise for each other. Such technological breakthroughs are expected to provide enormous potential for the market in the coming years.
The overall US submersible chopper pumps market size has been derived using primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the submersible chopper pumps market concerning all the segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the US submersible chopper pumps market.
Companies Mentioned
- Pentairaes
- Sulzer Ltd
- Wamgroup S.P.A.
- Xylem Inc
- Zenit Italia Srl P.Iva
- Vaughan Company
- Excel Fluid Group
- Hayward Gordon
- Landia A/S
- Valmetal Saint Francois
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 95 |
| Published | March 2022 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 334.8 Million |
| Forecasted Market Value ( USD | $ 485.6 Million |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | United States |
| No. of Companies Mentioned | 10 |
