Press release
Global Mining Pumps Market to Witness Growth Acceleration During 2018 to 2028 by Market players- Xylem, Flowserve Corporation, KSB SE & Co. KGaA, Weir Group, Sulzer Ltd., GRUNDFOS
Get a free sample copy of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=2416
Rapid permeation across prominent customer segments with operational excellence remains one of the key focus areas of the leading players in the Mining Pumps Market. Moreover, growing sales of mining pumps through persistent innovations and developments also remains a key revenue lever of these companies. Furthermore, amelioration of product efficiency, in tune with application-specific protocols, are one of the focal points of these companies for long-term customer retention.
Manufacturers Unleashing Potential of IoT and Industry 4.0
Mining pumps manufacturers remain oriented toward various ways of obtaining significant benefits, owing to the volatile nature of global pump market. The growing eminence of ‘Industry 4.0’ and ‘Industrial Internet of Things (IIoT)’ in industrial automation is encouraging manufacturers of mining pumps to craft new products in line with the same. This is foreseen to introduce a pool of new opportunities for the key stakeholders and drive the emergence of new business models in line with evolving realities.
The key objective behind such product diversifications is the enhancement of user experience via fully integrated solutions. Convergence of intelligence with pump infrastructure enables every component to have its own set of protocols and empowers its competency to effectively communicate with its fellow components, scaling up the overall efficiency factor.
Key manufacturers are eyeing technologies as such to drive notable profits and solidify their market sustenance. Leading players have made notable efforts to highlight prominence of these technologies for boosting performance of the next-generation mining pumps.
Resurgence of Mining Sector with Hefty Investments in Greenfield and Brownfield Projects Spur Demand
Investments in new mining projects and amelioration of existing projects across various regions have revved up by a significant margin. For instance, the ‘New Federal Mining Agreement’ was drafted in the year 2017 and was aimed at attracting investments in the regional mining sector. As per United States Census Bureau, mining was one of the sectors with the largest absolute increase in terms of capital investments from 2006 to 2015 i.e. 75.9 percent.
Burgeoning investments in mining projects are pushing the demand for new equipment and machinery. Mining pumps, as one of the integral parts of the overall mining infrastructure, are also being highly sought-after for use in productive or extractive processes. The expenses on pumps broadly fall under either of the two investment categories, greenfield investments (for instance setting up of a new mine) or brownfield investments (refurbishing an existing facility).
Browse full details about Report with TOC: https://www.factmr.com/report/2416/mining-pumps-market
Evolving Demand for New Age Commodities to Create Untapped Opportunities
Apart from the conventional commodities, new investments are gaining prominence with regard to extraction of ‘new-age minerals’, such as cobalt, copper, nickel, lithium, and many more. For instance, the growing demand for Li-ion batteries is pushing the demand for Lithium. Likewise, cobalt is also garnering significant attention on the back of its necessity in case of electric vehicles.
Prominent miners across the globe are eyeing these commodities in a bid to attain substantial benefits, owing to their long-term prospects and their rising prominence apropos of the technology of the future. Leading mining firms, with an objective of tapping into new opportunities, are vying to capitalize on this evolving trend having an optimistic potential.
Mining Pumps Market- Competitive Landscape
The competitive landscape of mining pumps market provides a quick overview of the key players operating in the mining pumps market, along with their key developments. Moreover, it also talks about the key differential strategies being adopted by these players to retain their buoyancy in the mining pumps market. Two notable developments include,
Flowserve Corporation entered into a global partnership with Azima Inc. in the year 2017. This partnership delivers an exclusive predictive maintenance solution for industrial pumps as well as other rotating equipment.
Xylem Inc., a key player in the mining pumps market, acquired PIMS Group of the U.K in the year 2013. This acquisition is aimed at adding an industry-leading service capability built on PIMS’ talent, tools and processes.
For any query get easily connect with an Analyst: https://www.factmr.com/connectus/sample?flag=AE&rep_id=2416
About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Blog: https://factmrblog.com/
Read Industry News at - https://www.industrynewsanalysis.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Mining Pumps Market to Witness Growth Acceleration During 2018 to 2028 by Market players- Xylem, Flowserve Corporation, KSB SE & Co. KGaA, Weir Group, Sulzer Ltd., GRUNDFOS here
News-ID: 1455458 • Views: …
More Releases from Fact.MR
Demand for Dry Powder Inhalers is forecasted to reach a market value of US$ 2.2 …
The global dry powder inhaler (DPI) market is estimated to be worth US$ 1.1 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 7.2% to reach a valuation of US$ 2.2 billion by the end of 2034, according to a comprehensive study conducted by Fact.MR.
Download Sample Copy of This Report@ https://www.factmr.com/connectus/sample?flag=S&rep_id=7083
The demand for dry powder inhalers is expected to rise due to the…
Global ISO Certification Market is projected to expand at a CAGR of 15.2% from 2 …
According to a recently released Fact.MR analysis, the global market for ISO certification is expected to be valued at US$ 16.14 billion by 2024. By the end of 2034, revenue from ISO certification is expected to grow at a 15.2% compound annual growth rate and reach a market valuation of US$ 66.25 billion.
In order to prove compliance with environmental, quality, or information security rules, a variety of sectors require ISO…
Gluten-free Bakery Products Market is expected to grow at a CAGR of 9.8% from 20 …
The gluten-free bakery products market is a dynamic sector influenced by various factors such as consumer dietary preferences, health trends, and advancements in food technology. As awareness of celiac disease and gluten sensitivities grows, so does the demand for gluten-free alternatives in baked goods.
Download Sample Copy of This Report@ https://www.factmr.com/connectus/sample?flag=S&rep_id=3035
Gluten is a protein fraction generated from wheat, rye, barley, oats, and their derivatives and hybrids. It is an essential part…
Pet Grooming Services Market is projected to expand at a CAGR of 7.2% from 2024 …
The global pet grooming services market is anticipated to rise at a compound annual growth rate (CAGR) of 7.2%, from a value of US$ 3.3 billion in 2024 to US$ 6.7 billion by the end of 2034, according to the most recent market research analysis published by Fact.MR.
Pets are now considered members of the family by many. Pet owners want the best for their furry pals, just as much as…
More Releases for Mining
Mining Equipment Market by Type (Mineral Processing Equipment; Surface Mining Eq …
Asia-Pacific serves as the most productive region as compared to others with diverse industry verticals significantly investing in mining equipment. Moreover, various domestic players are investing in the mining sector, which is anticipated to boost the demand for mining equipment such as crusher, trucks, loaders, diggers, and others as to complete operations with reduced labor cost and high precision of work within optimized time. Furthermore, the surface mining equipment market…
Mining Equipment Market by Type (Mineral Processing Equipment; Surface Mining Eq …
Asia-Pacific serves as the most productive region as compared to others with diverse industry verticals significantly investing in mining equipment. Moreover, various domestic players are investing in the mining sector, which is anticipated to boost the demand for mining equipment such as crusher, trucks, loaders, diggers, and others as to complete operations with reduced labor cost and high precision of work within optimized time. Furthermore, the surface mining equipment market…
Coal Mining Market by Mining Technology, Underground Mining and Application with …
Coal has been a fundamental source of energy since many years. Presently, coal is majorly used to power generation, steel production, and as a fluid fuel. China accounts for majority of the total coal production across the globe.
The report segments the coal mining market on the basis of mining technology, application, and geography. On the basis of mining technology, the market is bifurcated into surface mining and underground mining.
Surface…
Base Metals Mining Market in China to 2021| Zijin Mining Group Company, China Da …
Albany, NY, 1st November : Recent research and the current scenario as well as future market potential of "Base Metals Mining in China to 2021-Robust Consumption and Imports Expected in the Upcoming Years" globally.
Summary
GlobalDatas "Base Metals Mining in China to 2021", report covers comprehensive information on Chinas base metal (copper, nickel, zinc, and lead) mining industry, base metal (copper, nickel, zinc, and lead) reserves and grade, the historical and forecast…
Coal Mining Market by Mining Technology {Surface Mining (Strip Mining, Auger Min …
Coal has been a fundamental source of energy since many years. Presently, coal is majorly used to power generation, steel production, and as a fluid fuel. China accounts for majority of the total coal production across the globe.
Access Full Summary: https://www.alliedmarketresearch.com/coal-mining-market
The growth of the Asia-Pacific coal mining market is driven by increase in usage of coal in steel manufacturing and electricity generation. However, stringent government regulations towards environmental pollution due…
Mining Equipment Market Research|2018-2023| Surface Mining Machinery, Undergroun …
Mining Equipment Market report provides current, accurate, and reliable statistics of the Mining Equipment market with an in-depth analysis by industry experts along with projections to 2023 that will help you decide different strategies to boost your sales, decrease the operations cost etc.
Mining equipment is used to extract various minable resources such as metals, coal, and minerals from the earth. Mining companies use mining equipment to extract mined products such…
