Owing to technological growth, the efficiency of slurry pumps is elevated, which helps leading manufacturers gain more attention and scope for a sustained expansion in the market.
Wilmington, Delaware, United States, Transparency Market Research, Inc., July 30, 2024 (GLOBE NEWSWIRE) — With the sluggish advancement occurring at a CAGR of 2.8% through 2034, the worldwide slurry pump market (スラリーポンプ市場) is likely to reach USD 1.4 billion at the end of the forecast period. The last recorded size of the industry was USD 1.0 billion in 2023. Owing to this progress, fewer growth prospects are created for leading players in the sector.
With several efforts taken by governments of different countries, the oil and gas sector is expected to proliferate. Due to the growth of the ecosystem, the scope of slurry pumps increases, diversifying applications of pumps in such sectors.
The production of oil, natural gas, and other related excavations has increased. Pertaining to the rising demand, oil and gas exploration activities are propelling. With the growing demand for such activities, the importance of slurry pumps is expected to increase.
Pertaining to the rising demand for pumps for exploration activities, the scope of slurry pumps in the petrochemical industry is expected to increase, creating several growth prospects for leading players in the ecosystem.
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The growing importance of effective transportation of slurries and sludge from one place to another is a driving force for the ecosystem. The demand for better transference of fluid from one place to another is also increasing, which adds to the driving force for the competitive landscape.
Owing to the growing demand for better water treatment plants, the demand for efficient slurry pumps is expected to elevate. Wastewater treatment is a key factor of concern. To cater to the growing concern, several measures are being taken to treat water and elevate the usability of this water. Such growing demand is pushing the growth of the competitive landscape. This rising demand also enables key players in the ecosystem to innovate products.
Key Findings from the Market Report
- With various differentiating factors, the global slurry pump market can be segmented into different categories. The product type segment of the sector is governed by the horizontal slurry pump category due to the high productivity of such pumps.
- Vertical slurry pumps generate demand in small-scale operations, owing to the lowered maintenance and operational costs.
- Reduced noise, better efficiency, and cost-effectiveness are key benefits of electrically power-sourced pumps, helping the category of the segment gain attention.
- With the growing mining activities across the world, the demand for such pumps is expected to increase in the said category of the end-use industry segment.
Regional Profile
- With the rising emphasis on research and development in Europe, prospects for the competitive landscape are likely to increase. Key players in the sector can grow through innovative products in the region, contributing to market growth.
- The emergence of the oil and gas sector in Asia-Pacific is set to drive the growth of the competitive space in the region, thereby creating opportunities for key players.
- Technological infrastructure in North America is likely to augment the market size. Owing to better infrastructural availability, cutting-edge solutions can be designed and offered to consumers.
Competitive Landscape
- With key expansion strategies like collaborations, acquisitions, partnerships, or mergers, leading players expand in the slurry pump market. New entrants might face a hindrance to entry due to large-scale organizations.
- EBARA Corporation is a key player in the competitive space. The firm offers a wide range of products, including surface pumps, submersible pumps, custom pumps, and many more.
- EDDY Pump Corporation is another key organization in the ecosystem, which is known for diversified products like excavator pump attachments, dredge sleds, autonomous dredges, self-prime pumps, buckets, and many more.
- Flowserve Corporation is another prominent player in the ecosystem, which is observed to operate in different verticals, including pumps, valves, seals, energy recovery devices, actuators, and instrumentation.
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Key Players
- EBARA Pumps Americas Corporation
- EDDY Pump Corporation
- Flowserve Corporation
- HEBEI TOBEE PUMP CO. LIMITED
- KSB SE & Co. KGaA
- Metso
- Sulzer Ltd
- The Weir Group PLC
- TSURUMI MANUFACTURING CO. LTD.
- Xylem
Key Developments in the Slurry Pump Market
- In September 2022, EBARA Corporation acquired Hayward Gordon L.P. (HG). The strategic move helped the firm enhance the global presence of the organization. Strategic resource expansion was also possible with the help of such a move.
- In July 2023, EDDY Pump Corporation partnered with Hawk Excavator. The strategic partnership aimed to redefine the competitive landscape with the increased scope of innovation and reach of firms across the globe.
Market Segmentation
Type
- Horizontal Slurry Pump
- Vertical Slurry Pump
Head
- Below 75 mtr
- 75 mtr – 100 mtr
- 100 mtr – 150 mtr
- 150 mtr – 200 mtr
- Above 200 mtr
Power Source
- Electric
- Hydraulic
- Pneumatic
- Solar
- Diesel
End Use
- Mining
- Chemical
- Wastewater Treatment
- Power Generation
- Construction
- Oil and Gas
- Metallurgy
- Agriculture
- Others (Pharmaceuticals, etc.)
Distribution Channel
- Direct Sales
- Indirect Sales
Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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