Slurry Pump, also known as a lined pump or dredge pump, is used for pumping liquid containing solid particles.
Global Slurry Pump Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Global Slurry Pump market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.
Market Opportunities
According to MarkNtel Advisors’ research report titled “Global Slurry Pump Market Analysis, 2020”, the Global Slurry Pump market is anticipated to grow at a CAGR of around 1.2% during 2021-26F on account of bolstering government investment on infrastructural development, rising application of pumps in the verticals such as coal mines, power generation, and sand transportation, and extensive adoption of technologically advanced pump for the industrial purposes. Moreover, the surging demand for heavy duty pumps for hydro cyclone feed, minerals processing, tailings, and sugar processing along with burgeoning adoption of slurry pumps are leading to an increase in mining industries, which is expected to promulgate the growth of the market.
Market Segmentation
Mining Segment is Expected to Attain Highest CAGR
Based on Application, Mining segment is expected to grow at a highest CAGR during the forecast year 2021-2026. In mining industries such as gold, silver, iron ore, diamond, and slurry pumps are widely used for transporting corrosive and high concentration slurry. The robust growth in the mining industry in the Africa region and rising government investments are anticipated to drive the growth of the Slurry Pump market globally in the near future as stated in the MarkNtel Advisors’ research report “Global Slurry Pump Market Analysis, 2020”.
Competitive Landscape
According to MarkNtel Advisors, the key players with a considerable market share in the Global Slurry Pump market include ITT Goulds Pumps Inc., Metso Minerals AB, KSB, Inc., Weir Group, Flowserve Corporation, EBARA Pumps S.p.A, Keystone Pumps, Libra Fluid Equipment Co. Ltd., Multotec Group, Xylem Water Solutions AB, Grindex AB, Schurco Slurry etc.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics:
Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on Global Slurry Pump Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Global Slurry Pump Market during 2021-26?
A. The growth rate of Global Slurry Pump Market during 2021-26 is forecast to be grow at a CAGR of 1.2%.
Q. Who are the key competitors or players operating in Global Slurry Pump Market?
A. ITT Goulds Pumps Inc., Metso Minerals AB, KSB, Inc., Weir Group, Flowserve Corporation, EBARA Pumps S.p.A, Keystone Pumps, Libra Fluid Equipment Co. Ltd., Multotec Group, Xylem Water Solutions AB, Grindex AB, Schurco Slurry etc., are few of the leading players in the Global Slurry Pump Market.
Q. Which product of type segment would emerge as an opportunity area for players in Global Slurry Pump Market?
A. Multistage is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in Global Slurry Pump Market?
A. Asia-Pacific grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for market players of Global Slurry Pump Market.
