Slurry Pumps Market Size, Share, Opportunities, And Trends By Pump Type (Horizontal Slurry Pumps, Vertical Slurry Pumps, Submersible Slurry Pumps), By Material (High Chrome Alloy, Polyurethane, Ceramic, Natural Rubber), By End User (Water Treatment, Mining, Metallurgy, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Oct 2023
- Report Code : KSI061615652
- Pages : 143
The slurry pumps market is estimated to grow at a CAGR of 5.63% during the forecast period.
A slurry pump is a specialized pump engineered to effectively move liquids that contain solid particles suspended within them. The slurry pump market serves various end users, including water treatment, mining, metallurgy, and other industries. Growing water treatment management and mining sectors are key factors propelling the expansion of the slurry pump market size.
Rising mining activities bolster the slurry pump market growth.
Slurry pumping solutions are in demand in major end-uses such as the mining industry which heavily relies on slurry pumps to transport abrasive and corrosive slurries that contain solid particles. The growing mineral production will accelerate the slurry pump’s demand. For instance, according to Statistics Canada, in 2021, Canadian mineral production reached a value of $55.5 billion, marking a significant increase of 20% compared to the previous year's value of $46.4 billion. The production value of metals experienced a rise of 13% from the previous year. Additionally, the production value of non-metals witnessed a growth of 10%, while coal production value surged remarkably by 101%.
Increasing water treatment activities drive the slurry pump market expansion.
Slurry pumps are essential for handling and transporting sludge, wastewater, and other solid-laden fluids in municipal wastewater treatment plants, industrial effluent treatment, and desalination plants. Favorable investments and initiatives to promote water treatment infrastructure are propelling the market demand & usage of slurry pumps which is driving the slurry pump industry growth. In March 2023, British International Investment and Metito established the Africa Water Infrastructure Development (AWID) platform which aims to boost investment in water infrastructure in Africa, addressing water insecurity and creating a sustainable commercial model for water infrastructure development in the continent.
Booming oil & gas sectors drive slurry pump market growth.
The oil & gas sector requires slurry pumps during extraction and transportation operations and as exploration activities increasingly take place in challenging environments, the need for efficient slurry pumping solutions has surged. According to the Indian Brand Equity Foundation, in May 2022, ONGC announced a significant investment of US$ 4 billion from FY22-25, aimed at amplifying its oil and gas exploration endeavours in India. This strategic allocation of funds reflects ONGC's commitment to expanding its exploration activities and strengthening its presence in the domestic oil and gas sector in India. Also, according to the International Trade Administration’s, July 2022, published report, the United Arab Emirates (UAE) maintains an average production level of 3.2 million barrels of petroleum and other liquid resources.
Asia-Pacific region is anticipated to dominate the slurry pump market.
Rapid industrialization and urbanization in countries like China and India have resulted in increased mining activities, infrastructure development, and wastewater treatment projects, driving the demand for slurry pumps. Additionally, the presence of large mineral reserves in countries like Australia and Indonesia has led to substantial mining operations. For instance, according to the Department of Industry, Science and Resources, in the fiscal year 2021-2022, Australian exploration expenditure witnessed a significant increase of 20% to reach $5.0 billion. This surge was driven by a 22% growth in mineral exploration, amounting to $3.9 billion, while petroleum exploration with a 15% rise, totaling $1.1 billion.
Volatility in raw material prices restrains the slurry pump market growth.
The growth of the slurry pump industry can be restrained by fluctuations in the prices of raw materials, including metals and polymers, which are essential for manufacturing these pumps. The unpredictable nature of price movements in these raw materials can significantly impact the overall production cost and profitability for manufacturers. The volatility in raw material prices poses challenges for manufacturers to maintain cost stability and can influence their competitiveness in the market, potentially hindering the overall growth of the slurry pump market. According to the U.S. Bureau of Labour Statistics, the producer price for metals and metal products like high alloy steel increased from 230.300 dollars in July 2020 to 395.791 dollars in May 2023.
- October 2022: Anderson Process completed the acquisition of Neil Dornbusch & Associates, a renowned company specializing in supplying high-quality pumps for dewatering, slurry management, dust suppression, and wash plant applications. With this acquisition, Anderson Process strengthens its position in the industry and enhances its ability to deliver exceptional pump solutions to customers in the aggregate and mining sectors.
- September 2022: KSB, a leading provider of industrial pump solutions recently introduced the MDX-850, an innovative range of GIW slurry pumps specifically designed for challenging applications in hard rock mining. This new line of pumps addresses the critical needs of the industry, offering superior performance and reliability in handling abrasive slurry materials.
- June 2022: Sulzer expanded its PLR slurry pump lineup, introducing an impressive range of eight new sizes. This expansion now enables the pumps to handle a capacity of up to 3,900 cubic meters per hour. These new additions bring along a host of exciting features, including a removable suction plate and floating flanges.
- Q4 2021: Schurco Slurry acquired Keto Pumps South Africa, a local manufacturer specializing in pumps and parts. This strategic move by Schurco Slurry aims to expand its global presence and strengthen its ability to cater to the diverse needs of the mining industry and other users of slurry pumps worldwide. The acquisition of Keto Pumps South Africa enhances Schurco Slurry's product offerings and positions the company as a comprehensive solution provider in the slurry pump market.
- Ensival Moret EMW: Sulzer “EMW” pump range is a cutting-edge series of pumps that are designed to excel in challenging solids handling applications. Engineered with a focus on high hydraulic efficiencies, these pumps deliver exceptional performance and extended wear life. Additionally, the EMW pump range boasts low energy consumption, making it an energy-efficient solution.
- Horizontal Froth Pumps AHF: Weir Group’s AHF range of horizontal pumps, meticulously engineered for pumping froth containing fine particles, demonstrates exceptional capabilities in handling challenging applications. These pumps excel at effectively managing heavy froth and highly viscous concentrated non-Newtonian slurries. They feature a distinctive impeller design with oversized inducer blades on each vane, accompanied by a generously sized eye. This innovative configuration enables the reduction or dissipation of entrained air bubbles within the slurry.
Slurry Pumps Market Scope:
|Growth Rate||CAGR of 5.63% from 2021 to 2028|
|Forecast Period||2023 – 2028|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Pump Type, Material, End User, and Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||Sulzer Ltd, EDDY Pump, Weir Group PLC, Hevvy Pumps, Metso, Sintech Precision Products Ltd, Atlantic Pumps Limited, Shijiazhuang Industrial Pump Factory Co., Ltd|
|Customization Scope||Free report customization with purchase|
- By Pump Type
- Horizontal Slurry Pumps
- Vertical Slurry Pumps
- Submersible Slurry Pumps
- By Material
- High Chrome Alloy
- Natural Rubber
- By End User
- Water Treatment
- By Geography
- North America
- South America
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. SLURRY PUMPS MARKET ANALYSIS, BY PUMP TYPE
5.2. Horizontal Slurry Pumps
5.3. Vertical Slurry Pumps
5.4. Submersible Slurry Pumps
6. SLURRY PUMPS MARKET ANALYSIS, BY MATERIAL
6.2. High Chrome Alloy
6.5. Natural Rubber
7. SLURRY PUMPS MARKET ANALYSIS, BY END-USER
7.2. Water Treatment
8. SLURRY PUMPS MARKET ANALYSIS, BY GEOGRAPHY
8.2. North America
8.3. South America
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.6. Asia Pacific
8.6.3. South Korea
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
10. COMPANY PROFILES
10.1. Sulzer Ltd
10.2. EDDY Pump
10.3. Weir Group PLC
10.4. Hevvy Pumps
10.6. Sintech Precision Products Ltd
10.7. Atlantic Pumps Limited
10.8. Shijiazhuang Industrial Pump Factory Co., Ltd
Sintech Precision Products Ltd
Atlantic Pumps Limited
Shijiazhuang Industrial Pump Factory Co., Ltd
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