January 25, 2021
According to the research report titled ‘Global Slurry Pump Market Analysis, 2020‘, available with Market Study Report, global slurry pump market is anticipated to grow at 1.2% CAGR during 2021-2026
Increasing investment towards infrastructural development by the government, surging application of pumps in several industries like power generation, coal mines, and sand transportation, as well as rising adoption of technologically advanced pumps are the major factors fueling the growth of global slurry pump market. Moreover, heavy-duty pumps find applications in mineral processing, hydro cyclone feed, tailings, and sugar processing, which along with amplifying mining industries, is contributing to the business expansion.
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Notably, slurry Pump, also called as a lined pump or dredge pump, does the job of pumping liquid containig solid particles.
In terms of product terrain, global slurry pump market is bifurcated into sand pump, single stage, and multistage. Based on type, the market is fragmented into horizontal slurry pumps, submersible slurry pumps, and vertical slurry pumps.
Considering the application areas, global slurry pump industry is divided into mineral processing, mining, metallurgy & chemicals, power generation, paper & pulp, and others. Among these, mining segment is expected to experience substantial growth during 2021-2026, owing to wide applications of slurry pumps in mining of silver, gold, iron ore, and diamond, for transporting corrosive and highly concentrated slurry.
Speaking of regional ambit, the report cites that flourishing mining industry, along with increasing government investments are contributing towards Africa slurry pump industry growth.
Major players influencing worldwide slurry pump market trends are Metso Minerals AB, ITT Goulds Pumps Inc., Grindex AB, KSB SE & Co. KGaA, Flowserve Corporation, Weir Group plc, EBARA Pumps Europe S.p.A, Libra Fluid Equipment Co. Ltd., Keystone Pumps, Multotec Pty Ltd., Xylem Inc., and Schurco Slurry.