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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 cutter pumps market is highly competitive, with numerous players operating in the market. The competitive landscape is characterized by the presence of established players, as well as regional players who cater to specific geographic markets. These companies compete on various factors such as product performance, innovation, pricing, distribution network, and customer service. 'Xylem Inc. (United States)', 'Sulzer Ltd (Switzerland)', 'Grundfos Holding A/S (Denmark)', 'KSB SE & Co. KGaA (Germany)', 'Flowserve Corporation (United States)', 'Ebara Corporation (Japan)', 'ITT Inc. (United States)', 'The Weir Group PLC (United Kingdom)', 'Kirloskar Brothers Limited (India)', 'Tsurumi Manufacturing Co., Ltd. (Japan)', 'Wilo SE (Germany)', 'Ruhrpumpen Group (Spain)', 'Gardner Denver Holdings Inc. (United States)', 'Cornell Pump Company (United States)', 'Baker Hughes Company (United States)', 'EDDY Pump Corporation (United States)', 'SEEPEX GmbH (Germany)', 'KREBS Engineers (United States)', 'NETZSCH Pumpen & Systeme GmbH (Germany)', 'Viking Pump, Inc. (United States)', 'Vaughan Company, Inc. (United States)', 'HOMA Pumpenfabrik GmbH (Germany)'

Governments across the world are investing in the development of infrastructure projects, such as water treatment plants, municipal sewage systems, and industrial processes that require effective waste management. This has led to a higher demand for cutter pumps, which are essential in handling solid waste and improving the overall efficiency of wastewater management systems.

Submersible cutter pumps are gaining popularity due to their compact design, ease of installation, and lower noise levels. These pumps are extensively used in various applications, such as municipal sewage systems, wastewater treatment plants, and industrial processes, driving the demand for submersible cutter pumps.

In Asia-Pacific, the agriculture sector's CAGR is anticipated to be between 8 and 10% in 2021. Agriculture is anticipated to overtake all other market segments in Asia-Pacific in 2021 as a result of increased mechanization and modernization of farming practices. With rising demand from the municipal, industrial, and agricultural sectors, Asia-Pacific is a market for cutter pumps that is expanding quickly.

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Global Cutter Pumps Market

Product ID: SQMIG20I2164