The "US Submersible Chopper Pumps Market Forecast to 2028 - COVID-19 Impact and Analysis - by Type, Application and Discharge Size" report has been added to ResearchAndMarkets.com's offering.
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.
Key Market Dynamics
Market Drivers
- Escalated usage of chopper pumps in wastewater applications
- Rising adoption of chopper pumps in agricultural applications
Key Market Restraints
- Increased globalization to restrain regional market growth
Key Market Opportunities
- Opportunities remain concentrated in agriculture and wastewater sectors
Future Trends
- Increased preference of customized product specifications
Company Profiles
- 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
For more information about this report visit https://www.researchandmarkets.com/r/btjv5b
View source version on businesswire.com: https://www.businesswire.com/news/home/20220505005568/en/
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
