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Growing demand from a variety of sectors is likely to promote innovation in vertical immersion pump manufacturing, propelling the market over the forecast period.

The global vertical immersion pumps market is expected to grow from $3.32 billion in 2022 to $3.45 billion in 2023 at a compound annual growth rate (CAGR) of 4.1%. The vertical immersion pumps market is expected to grow to $3.95 billion in 2027 at a CAGR of 3.4%.

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Global Vertical Immersion Pumps Market Segments Include:

• By Product Type: Line Shaft Pump (VS-4), Cantilever Pump (VS-5)
• By Material: PP (GFR), PVDF, Cast Iron, Ductile Cast Iron, WCB, Other Materials
• By Capacity: Up to 100 m3/hr; 100 to 500 m3/hr; 500 to 1000 m3/hr; Above 1000 m3/hr
• By Application: Irrigation, Portable Water Supply, Water Cooling, Dewatering, Geothermal Well, Oils, Fuels, Lubricants Transfer, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global vertical immersion pumps market in 2021.

Major Market Players in the vertical immersion pumps market include KSB SE & Co. KGaA, ITT Inc., Ruhrpumpen Group, Castle Pumps, AxFlow Holding AB, Flowserve Corporation, North Ridge Pumps, Tapflo Group, Vertiflo Pump Company, FLUX Pumps.

Technological advancement is a major trend that is gaining traction in the vertical immersion pump market. To maintain their market position, major players in the vertical immersion pump market are adopting innovative technologies towards vertical multistage pumps. Dooch pumps, a Korean maker of energy-efficient water pumps, for example, launched a vertical multistage XR(L) pump series in June 2021. These vertical, non-self-priming, multistage centrifugal in-line XR and XRL pumps are powered by a conventional electric motor. A connection immediately connects the motor’s output shaft to the pump shaft. Stay bolts also hold the pressure-resistant cylinder and flow passage components in place between the pump head and casing.

The Vertical Immersion Pumps Global Market Report 2023  provides a vertical immersion pumps market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The vertical immersion pumps market forecast analyzes vertical immersion pumps market size, vertical immersion pumps market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Vertical immersion pumps are a type of pumping technology that uses an elongated shaft contained in a column to separate the motor from the pump and keep it out of the fluid. Its major use is to replace pumps in tanks or pits that require flooding, suction, or priming.

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