Global Submersible Pumps for Mining Sector Market Information, By Well Type (Open Well and Bore Well), By Pump Stage (Single Stage and Multi stage), by Power Ratings (High Power, Medium Power, Low power) and Region - Forecast To 2023
Global Submersible Pumps for Mining Sector Market Highlights
The global submersible pumps for mining sector market is a very dynamic market and is expected to witness high growth over the forecast period. The growth of submersible pumps for mining sector market is influenced by growing urban population, rapid industrialization, and huge investments for infrastructure development in the region.
Moreover, submersible pumps are waterproof and prevent leakage of the liquid or electric charge when the pumps are immersed in liquid. Additionally, these pumps do not need extra space or utility room for their existence and can be immersed deeper in the liquid unlike any other pumps.
Whereas, high cost of the submersible pumps & other substitute pumps, act as a major restraint for the growth of the market.
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Market Research Analysis:
The development of new and diversified technologies, is creating exciting opportunities within the mining industry. Global demand for submersible pumps is increasing due to infrastructural development activities worldwide.
Submersible centrifugal pumps with an electric drive is another type of pump used in oil production and vertical pumping of water. Submersible pumps with hydraulic drive and piston type, are also used in some countries.
Ever increasing energy demand, increasing offshore new exploration, and production activities, increase investments in oil and gas industry and growth in agriculture and other industries, are driving the market. However, environmental issues and costs associated with operations are restraining the growth market.
In terms of geographic regions, APAC will have the highest contribution to the submersible pump market during the forecast period. The region’s lead in the market is attributed to the major factors such as rapid urbanization, industrialization, and the major developing economies including China and India.
Scope of the report
This study provides an overview of the global submersible pumps for mining sector market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW).
The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Submersible pumps for mining sector market by its product and region.
By Well Type
- Open Well
- Bore Well
By Pump Stage
- Single Stage
- Multi stage
By Power Ratings
- High Power
- Medium Power
- Low power
The key players of global Submersible pumps for mining sector market includes Xylem Inc. (U.S.), Grundfos Group (Demark), KSB Aktiengesellschaft (Germany), Sulzer Ltd (Switzerland), Ebara Corporation (Japan), Atlas Copco AB (Sweden), Flowserve Corporation (U.S.), The Weir Group Plc.
(Scotland), Tsurumi Manufacturing Co., Ltd (Japan) and The Gorman-Rupp Company (U.S.)
The submersible pump industry is relatively fragmented with the presence of a large number of manufacturers across the globe. Organized market players are found to have been advancing towards mergers and acquisitions, to expand their global footprint in the global submersible pumps market.
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