Cutter Pumps Market Size, Share, Growth Analysis, By Pump Type(Centrifugal Cutter Pumps, Vertical Cutter Pumps, Self-Priming Cutter Pumps), By Power Range(Low Range, Medium Range, High Power), By Region - Industry Forecast 2024-2031

Cutter Pumps Market size was valued at USD 1.81 billion in 2021 and is poised to grow from USD 1.92 billion in 2022 to USD 2.93 billion by 2030, at a CAGR of 6.2% during the forecast period (2023-2030).

The global cutter pumps are in high demand in the market for cutting-edge, high-performance pumps that are used for various applications, such as wastewater treatment, sewage management, industrial processes, and agriculture. These pumps are designed to effectively cut and pump solids, fibers, and other debris, making them ideal for handling tough and challenging pumping conditions. Ebara Corporation, a Japanese industrial machinery manufacturer, announced the expansion of its line of submersible cutter pumps in March 2021. The purpose of the global cutter pumps market is to provide efficient and reliable pumping solutions for handling solid-laden fluids and wastewater.

Cutter pumps are specifically designed to prevent clogging and damage caused by solid particles, which makes them highly suitable for applications where traditional pumps may fail. For instance, The Flygt N 3000 cutter pump features advanced cutting technology that enables it to handle tough solids, reduce downtime due to clogging, and improve overall operational efficiency in wastewater treatment processes. These pumps are used across a wide range of industries and sectors, including municipal and industrial wastewater treatment plants, mining, construction, agriculture, and manufacturing. For instance, Grundfos Holding A/S, a Danish pump manufacturer, launched its new SEG 40-80 range of submersible grinder pumps in February 2021.

US Cutter Pumps Market is poised to grow at sustainable CAGR for the next forecast year.