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.
Due to escalated usage of chopper pumps in wastewater applications, the demand for these pumps is increasing across the wastewater industry in the US Wastewater treatment facilities in the US process approximately 34 billion gallons of wastewater every day. Nearly one in four households in the US depends on an individual decentralized system to treat its wastewater. The nation's more than 16,000 centralized wastewater treatment plants are also functioning, at over 80% of their design capacities, while 15% have reached or exceeded it. Growing urban environments signal a trend that these facilities will increasingly accommodate a larger portion of the nation's wastewater demand. They find applications in various areas such as biological treatment and severe clogging, to break down solids especially in municipal water and wastewater treatment. The pumps can effectively pump heavily polluted wastewater having dry matter. Companies are developing broad variety of products and solutions that address customer needs in the wastewater industry. With rapid urbanization, the need for chopper pumps will increase significantly. The escalated usage of chopper pumps in wastewater applications is one of the major drivers for market growth in the US.
The US submersible chopper pumps market is analyzed on the basis of type, application, and discharge size. By type, the electric segment is expected to dominate the US market with high growth and greater revenue share. By application, wastewater holds a higher revenue share in the US market, followed by the agriculture application segment. By discharge size, medium discharge size, i.e., 6 inches to 12 inches, is estimated to hold a higher market value share. However, the high discharge size segment, i.e., above 12 inches, is expected to dominate the market growth during the forecast period.
Impact of COVID-19 Pandemic on Submersible Chopper Pumps Market
The downturn in the global economy due to the impact of COVID-19 has led to adverse effect on businesses and their operations. The COVID-19 pandemic came to effect in the US during the spring and affected the pump industry in varied ways. With severe industries halted, the pump industry also faced material adverse effects. Supply chain issues, shipping delays, border disputes and currency fluctuations were some of the effects of the pandemic. Volatility in the foreign currencies and raw material prices led to negative performance of the pump industry and other industries in general.
Pump manufactures witnessed declined sales compared to previous financial years ranging from 5 to 7% decline. They also experienced reductions in the customer demand from various end-user markets. However, amidst the pandemic, the water and wastewater treatment industry seeks growth as developed and emerging regions increase their access to clean water and effective water treatment to supply their populations.
Market Insights– Submersible Chopper Pumps Market
Growing Wastewater Industry in US
In the US, opportunities remain concentrated in the agriculture and wastewater sectors. However, wastewater applications are expected to drive market growth in the US. This is because the category has had strong sales in recent years, manufacturers are continuing to focus on growing production of chopper pumps for water and wastewater treatment. In comparison 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. New trends have resulted in tectonic shifts in a variety of industries.
Wastewater treatment has become an essential aspect of the 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 around the world. Pump makers are also projected to benefit from increased government spending in water and wastewater treatment activities.
These factors are expected to create lucrative opportunities for players operating in the submersible chopper pumps market over the next few years.
Type-Based Submersible Chopper Pumps Market Insights
On the basis of type, the submersible chopper pumps market is divided into electric submersible and hydraulic submersible. The electric submersible segment accounts for the largest revenue share in the overall market. This is due to rapid adoption of electric pumps across various end use applications such as wastewater and agriculture. With ongoing trends such as multistage pumps, self-priming pumps and heavy duty pumps, demand for energy-efficient and high performance electric submersible pumps is fast gaining traction. Especially in the US, increasing energy costs and rising environmental awareness among end users is expected to drive demand for energy-efficient and cost-effective submersible chopper pumps over the forecast period.
Discharge-Size-Based Submersible Chopper Pumps Market Insights
On the basis of discharge, the submersible chopper pumps market is segmented into below 6 inch, 6 inch to 12 inch, and above 12 inch. Below 6 inch Submersible Chopper pumps are low discharge sizes which are considered in this segment. They are also referred as light duty chopper pumps. Submersible Chopper pumps with medium discharge sizes are considered in this segment. It includes all discharge sizes from 6 inch to 12 inch especially for pumping long fiber components. These pumps are used extensively in agriculture and wastewater applications. Above 12 inch discharge sized pumps are Submersible Chopper pumps with high discharge sizes which are considered in this segment. They are also referred as heavy duty chopper pumps and extensively pump thick materials like slurries.
Application-Based Submersible Chopper Pumps Market Insights
Based on application, the US submersible chopper pumps market is segmented into wastewater, agriculture, and others. The wastewater segment holds a significant amount of revenue share in the market. Today's wastewater industry professionals are facing varied challenges, but the challenge of handling unwanted sewage is made easier by chopper pumps. Similarly, submersible chopper pumps in agriculture are used in specific agricultural applications for pumping manure, dairy manure handling, and separating sand-laden manure through solid separators.
Chopper pumps are also exclusively used in livestock, slurry, and biogas in discharge heads, ranging from medium to high. Other applications of submersible chopper pumps include oil & gas, chemical, medical, and electronics. In the oil & gas industry, electric submersible pumps are an effective artificial lift method of pumping production fluids to the surface.
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US Submersible Chopper Pumps Market: Strategic Insights
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
US Submersible Chopper Pumps Market: Strategic Insights
Naveen
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Players operating in the market mainly focus on developing advanced and efficient products.
- In May 2021, Hayward Gordon announced expanding its partnership with Weir Minerals. The partnership, which is a regional sales distribution agreement, aims at strengthening the knowledge and service expertise of both companies for each other.
- In Dec 2020, Pentair Plc announced the completion of the acquisition of Rocean, Be the Change Labs, Inc. The acquisition aims at broadening core water treatment products in the residential and commercial water markets.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Submersible chopper pumps Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 US
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Submersible Chopper Pumps Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Escalated usage of chopper pumps in wastewater applications
5.1.2 Rising adoption of chopper pumps in agricultural applications
5.2 Key Market Restraints
5.2.1 Increased globalization to restrain regional market growth
5.3 Key Market Opportunities
5.3.1 Opportunities remain concentrated in agriculture and wastewater sectors
5.4 Future Trends
5.4.1 Increased preference of customized product specifications
6. Submersible chopper pumps – US Market Analysis
6.1 Submersible chopper pumps Market – Revenue and Forecast to 2028 (US$ Million)
6.2 Market Positioning – US Market Players Ranking
7. Submersible chopper pumps Market Analysis – By Type
7.1 Overview
7.2 Submersible Chopper Pumps Market Breakdown, by Type, 2020 & 2028
7.3 Electric submersible
7.3.1 Overview
7.3.2 Electric Submersible Market Revenue and Forecasts to 2028 (US$ Mn)
7.4 Hydraulic Submersible Pumps
7.4.1 Overview
7.4.2 Hydraulic Submersible Pumps Market Revenue and Forecasts to 2028 (US$ Mn)
8. Submersible Chopper Pumps Market Analysis – By Application
8.1 Overview
8.2 Submersible Chopper Pumps Market Breakdown, By Application, 2020 & 2028
8.3 Wastewater
8.3.1 Overview
8.3.2 Wastewater Market Revenue and Forecasts to 2028 (US$ Mn)
8.4 Agriculture
8.4.1 Overview
8.4.2 Agriculture Market Revenue and Forecasts to 2028 (US$ Mn)
8.5 Others
8.5.1 Overview
8.5.2 Others Market Revenue and Forecasts to 2028 (US$ Mn)
9. Submersible Chopper Pumps Market Analysis – By Discharge size
9.1 Overview
9.2 Submersible Chopper Pumps Market Breakdown, By Discharge size, 2020 & 2028
9.3 Below 6 inch
9.3.1 Overview
9.3.2 Below 6 inch Market Revenue and Forecasts to 2028 (US$ Mn)
9.4 6 Inch to 12 Inch
9.4.1 Overview
9.4.2 6 Inch to 12 Inch Market Revenue and Forecasts to 2028 (US$ Mn)
9.5 Above 12 inch
9.5.1 Overview
9.5.2 Above 12 inch Market Revenue and Forecasts to 2028 (US$ Mn)
10. Submersible chopper pumps Market - COVID-19 Impact Analysis
10.1 Overview
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Development
12. Company Profiles
12.1 PentairAES
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Sulzer Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 WAMGROUP S.p.A.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Xylem Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Zenit Italia Srl p.iva
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Vaughan Company
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Excel Fluid Group
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Hayward Gordon
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Landia A/S
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 ValMetal Saint Francois
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Submersible chopper pumps Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. List of Abbreviation
LIST OF FIGURES
Figure 1. Submersible Chopper Pumps Market Segmentation
Figure 2. US Submersible Chopper Pumps Market Overview
Figure 3. Submersible Chopper Pumps Market, by Type
Figure 4. Submersible Chopper Pumps Market, by Application
Figure 5. Submersible Chopper Pumps Market, by Discharge Size
Figure 6. US PEST Analysis
Figure 7. Submersible Chopper Pumps Market: Ecosystem Analysis
Figure 8. Submersible Chopper Pumps Market Impact Analysis of Drivers and Restraints
Figure 9. Submersible chopper pumps Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. Submersible Chopper Pumps Market Breakdown, by Type, 2020 & 2028 (%)
Figure 11. U.S. Electric Submersible Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 12. U.S. Hydraulic Submersible Pumps Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 13. Submersible Chopper Pumps Market Breakdown, By Application, 2020 & 2028 (%)
Figure 14. U.S. Wastewater Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 15. U.S. Agriculture Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 16. U.S. Oil & Gas Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 17. Submersible Chopper Pumps Market Breakdown, By Discharge size, 2020 & 2028 (%)
Figure 18. U.S. Mining Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 19. U.S. Energy and Utilities Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 20. U.S. Telecom Market Revenue and Forecasts to 2028 (US$ Mn)
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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