Global Slurry Pumps Industry To Register A Market Value Of USD 1,230 Million By 2025

Global Slurry Pumps Industry To Register A Market Value Of USD 1,230 Million By 2025

Published: 24-Jan-2020 | Published By: Market Research Store

The published report on “GlobalSlurry Pumps Market –By Type (Vertical Slurry Pumps, Submersible Slurry Pumps, and Horizontal Slurry Pumps) and By Application (Chemical Industry, Construction Industry, Mining & Mineral Industry, Paper &Pulp Industry, Power Generation Industry, and Metallurgical Industry): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025.” exhibits the demand for global Slurry Pumps market in 2018 was around USD1,140 million. It is expected to reach approximately USD 1,230 million by 2025 with a CAGR of around 1.20%.

Browse Full Report 188 Market Data Tables and 46 Figures spread through 188 Pages and in-depth TOC on "Global Slurry Pumps Market (Manufacturing, Aviation & Transportation, Food Processing, Science & Technology), Region - Global Forecast to 2025" View detailed Table of Content here - https://www.marketresearchstore.com/report/global-slurry-pumps-market-professional-survey-2019-by-523570

A slurry pump is a kind of water pump that is devised for pumping out liquids comprising of solid particles. Precisely, it is used when solids are either intentionally or inadvertentlysuspended in water. Moreover, the product alters in design and construction for adjusting with many of the slurry types that differ in the terms of solid concentration, solid particle size, the composition of solutions, and shape or size of solid particles.

Additionally, slurry pumps are the kind of hose pumps, lobe pumps, or centrifugal pumps that are used for the hydraulic transportation of slurry in myriad sectors. In addition to this, product differentiation and focus on a particular target group based on the demographics population will trigger the growth of the industry over the forecast timeline.

Furthermore, theproduct is prominently used in transporting abrasive and concentrated slurry in various sectors including Mineral Sands, Gold, Coal, Silver, Zinc, Steel, Tin, Titanium, Iron Ore, Copper, and Lead. In addition to this, the slurry pump is also utilized in Tobacco, Molybdenum, Oil Shale, Sand & Gravel, Electric Utilities, Construction Activities, Water & Sewage Utilities, and Agriculture.

Technological innovations haveresulted inthe production of compact slurry pumps and this will elevate the use of slurry pumps in various industries. This,in turn, is set to boost the business trends over the forecast timeline. Additionally, the launching of vertical slurry pumps is also projected to accelerate the growth of the slurry pumps industry during the period from 2019 to 2025.

The massive utility of the products in coal washing, fly ash pumping, pumping reactor feed, effluent handling, and bottom ash pumping will succor the expansion of the global slurry pumps industry over the forecast timeline.

North America is projected to make notable contributions towards the overall industry growth during the forecast period. The business surge in the region is credited to an increase in the acceptance of new technologies in countries like the U.S. and Canada.

Furthermore, large-scale industrialization and urbanizationalong with infrastructural growth witnessed in the Asia Pacific regionare predicted to steer the regional market growth over the forecast period. Countries like China and India are predicted to be the major regional revenue contributors over the forecast timespan.

Key players operating in the slurry pumps industry are ITT Goulds Pumps, EBARA Pumps, Metso Minerals, Xylem Water Solutions, Schurco Slurry, Flowserve, Libra Fluid Equipment,Multotec, Keystone Pumps,Grindex, Weir, and KSB.

This report segments the Slurry Pumpsmarket as follows:

Global Slurry PumpsMarket: By TypeSegment Analysis

  • Vertical Slurry Pumps
  • Submersible Slurry Pumps
  • Horizontal Slurry Pumps

 

Global Slurry PumpsMarket: By ApplicationSegment Analysis

  • Chemical Industry
  • Construction Industry
  • Mining & Mineral Industry
  • Paper & Pulp Industry
  • Power Generation Industry
  • Metallurgical Industry

Global Slurry PumpsMarket: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Key Pointers Addressed by the Report

  • Historical data and forecast analysis of the market
  • Drivers and Restraints affecting market dynamics
  • Exhaustive analysis about the future market trends
  • Comprehensive information about the leading market segments and region
  • Strategic developments made by the competitive players and in-depth analysis about its impact on market growth

 

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