PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1390128
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1390128
The lifting stations market is estimated to grow at a CAGR of 5.01% during the forecast period.
The lifting stations market is predicted to expand steadily during the forecast period. A lift station is a facility designed to transport wastewater from a lower level to a higher level by utilizing pumps. Dynamic pumps and positive displacement pumps are two types of pumps commonly utilized in lifting stations. Favorable investments to improve the wastewater management system, and lack of drinking water availability have increased the wastewater treatment activities thereby driving the expansion of the lifting station market size.
Lifting stations facilitates the transportation of wastewater from lower to higher elevations, ensuring proper drainage and preventing flooding. These systems not only promote environmental sustainability by reducing the risk of contamination but also enable the efficient collection and treatment of wastewater. In 2022, the European Investment Bank made a significant investment of €2.17 billion in the wastewater management sector which improved sanitation facilities for approximately 10.8 million individuals, ensuring healthier living conditions. Additionally, the investment provided better access to safe drinking water for around 25.4 million people and also contributed to minimizing the risk of flooding for 234,000 individuals.
The rising concerns regarding water scarcity in different regions have highlighted the importance of effective water management. Lifting stations have emerged as critical components in the process of wastewater reuse and recycling, playing a pivotal role in promoting sustainable water management practices. As a result, the lifting stations market demand is witnessing positive growth. According to a report issued by UNESCO in the "UN 2023 Water Conference" approximately 2 billion people worldwide, which accounts for 26% of the global population, still lack access to safe drinking water. Furthermore, an alarming 3.6 billion people, equivalent to 46% of the population, are deprived of safely managed sanitation facilities
Government initiatives aimed at the establishment of water treatment and sewage treatment plants play a crucial role in boosting the growth of the lifting stations industry. These initiatives involve the construction and modernization of water and sewage infrastructure, creating a demand for lifting stations to efficiently manage the transportation of water, wastewater, and sludge. For instance, in January 2023, the Government of India initiated a ceremony to inaugurate seven sewage treatment plants (STPs) in Mumbai. These plants collectively can treat 2,464 million liters of sewage per day. This significant undertaking is part of the 'Mumbai Sewage Disposal Project - II,' an initiative led by the Brihanmumbai Municipal Corporation (BMC) to address sewage disposal challenges in the city.
Asia Pacific is expected to account for a significant market share The favorable sustainable water management practices and investments to boost water treatment capacities in the region to address water scarcity concerns have propelled the lifting station market in the Asia-Pacific. According to the Bureau of Meteorology, Australia faced dry conditions throughout most of the country, As of 30 June 2020, the combined water storage across Australia reached 46% of its total capacity, the same as the previous year. The total amount of water consumed in Australia for various purposes amounted to 14,270 gigalitres (GL), reflecting a six% decrease compared to the previous year. Additionally, according to the International Trade Organization, in 2023 China's government established ambitious targets, aiming to achieve a 95% wastewater treatment rate in all county-level cities and a 25% water reuse rate in water-scarce regions.
The lifting stations industry's growth faces significant challenges due to the rapid advancement of alternative wastewater management technologies. Emerging solutions like decentralized treatment systems and innovative sewer designs offer attractive alternatives that are often more cost-effective, efficient, and environmentally friendly. Decentralized treatment systems, for example, can eliminate the need for extensive pumping infrastructure by treating wastewater at the source. Innovative sewer designs, such as low-pressure systems or gravity-based solutions, reduce the reliance on pumping stations altogether. As a result, stakeholders are increasingly exploring these alternatives, leading to a shift in focus and investment away from traditional lifting stations.