Press release
Slurry Pumps Market Emerging Top Key Players to Watch- ITT Goulds Pumps, Metso Minerals, KSB, Weir Group in 2017-2025
The impeller and inside of the casing of a slurry pump are always exposed to the slurry, due to this, material selection for such components is an important aspect while designing slurry pumps. Hard metals, such as alloys of steel and white iron are extensively used as wear materials along with elastomer linings. Furthermore, sometimes ceramics are also utilized as wear resistant materials for slurry pumps. Slurry pumps are selected on the basis of size, shape and density of slurry particles, head needed to be developed, nature of liquid to be pumped and the industrial application in which the pump is to be employed. Slurry pumps find use in many industrial applications, such as pumping of grinding circuits and froth in the mining industry and sand transportation in the construction industry.
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Slurry Pumps Market: Dynamics
Technological advancements have led to the development of many compact slurry pumps that are simple in design. This has increased the adoption of slurry pumps in many industries, thus promoting the expected growth of the slurry pumps market during the forecast period. Introduction of vertical slurry pumps, which can be used for froth pumping, is expected to trigger growth of the slurry pumps market. Moreover, slurry pumps are employed in many industrial applications, such as coal washing, effluent handling, fly ash pumping, bottom ash pumping and pumping reactor feed. This further supplements the expected growth of the slurry pumps market over the assessment period. Additionally, attributing to their heavy designs slurry pumps suffer less damage to cavitation as compared to process pumps; this could act as a driver in further augmenting the slurry pumps market over the forecast period. Increasing applications of heavy duty and severe duty slurry pumps in the mining industry further supports growth
of the slurry pumps market over the assessment period.
The operating cost of slurry pumps is high as compared to other conventional process pumps; this will have a negative impact on the expected growth of the slurry pumps market. Moreover, slurry pumps sometimes have problems related to cavitation, this decreases the efficiency of the pumping system; thus limiting the application of slurry pumps in few areas. Furthermore, the low service life of slurry pumps in mining industry applications restrains growth of the slurry pumps market.
Slurry Pumps Market: Segmentation
On the basis of end use industry, the global slurry pumps market can be segmented into:
•Chemical industry
•Mining and mineral industry
•Paper and pulp industry
•Metallurgical industry
•Construction industry
•Power generation industry
On the basis of type, the global slurry pumps market can be segmented into:
•Vertical slurry pumps
•Horizontal slurry pumps
Slurry Pumps Market: Regional Outlook
Attributing to increasing urbanization in the Asia Pacific region, the construction industry in the region is expected to grow substantially over the assessment period. This will supplement the expected growth of the slurry pumps market in the Asia Pacific region. Moreover, the slurry pumps market shares a synergic relationship with the mining industry. With depletion of natural resources, process volumes for mining industries of North American and European region are expected to increase substantially, this would increase the demand for slurry pumps in these regions over the assessment period. Furthermore, many key participants are expected to expand their sales channels in the MEA region, which would trigger growth of the slurry pumps market in this region.
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Slurry Pumps Market: Market Participants
•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
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
•Tailwinds and headwinds molding the market’s trajectory
•Market segments based on products, technology, and applications
•Prospects of each segment
•Overall current and possible future size of the market
•Growth pace of the market
•Competitive landscape and key players’ strategies
The main aim of the report is to:
•Enable key stakeholder’s in the market bet right on it
•Understand the opportunities and pitfalls awaiting them
•Assess the overall growth scope in the near term
•Strategize effectively with respect to production and distribution
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