Mining Pumps Market: Evolving Demand for New Age Commodities to Create Untapped Opportunities

Posted February 3, 2020 by preefacto

Mining Pumps Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028
Fact.MR’s new report on mining pumps market offers an exhaustive coverage of the market growth and key factors pushing the sustained growth of the global market landscape. Significant upsurge in mining activities across the globe, driven by proactive investments, is likely to be responsible for the unabated rise in demand for mining pumps. The volume sales of mining pumps are likely to approach 3,512,125 units by 2018-end, up from 3,424,006 units in 2017.

The study on the global mining pumps market provides granular assessments of key growth dynamics and opportunities in the market. These include a comprehensive analysis of the regulatory and strategic landscape during the historical period on the global level and across numerous regions. Fact.MR offers data-driven insights through the mining pumps market sizing and projections of various segments—shares and size—during the forecast period. The insights offered in the report are aimed at guiding companies and players to identify new growth avenues, winning imperatives, and untapped regional markets.

These insights are derived from the latest research report by Fact.MR on the mining pumps market, which offers in-depth statistics of growth along with key trends shaping the global market landscape. The booming prices of various commodities have further necessitated the resurgence of mining sector with large-scale adoption of mining equipment, which is fuelling growth of mining pumps market.

In the making of the mining pumps market study, the following are taken into:

History Period: 2013 - 2017
Base Period: 2013
Estimated Year: 2028
Forecast Period: 2018 – 2028

Interested market participants and readers can peruse the global market keyword report to get insights into and evaluation of:

Key growth drivers and restraints, trends and opportunities, and major challenges influencing the adoption rate of offerings by various players in the mining pumps market
Major research and product development projects
Promising technologies and favorable regulations in key regions
Segments that will lose or gain shares in the next few years
Value chain of key vendors and manufacturers

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The mining pumps market report provides estimations and the market sizing and prospects of various regions. To this end, the study makes in-depth segmentation of the following key regions:

North America (U.S., Canada)
Latin America (Brazil, Mexico)
Western Europe (France, Switzerland)
Eastern Europe (Hungary, Romania)

The study also takes a closer look at the prevailing regulatory and macroeconomic frameworks and in the key country markets.

Fact.MR has been closely tracking shares and size, and factors shaping the demand and consumption dynamics of various offering by key players in the mining pumps market over the past several years. To this end, the study segments the mining pumps market on the following capacity:

Small (upt500 gpm)
Medium (500-1000 gpm)
High (more than 1000 gpm)

Amelioration of Product Reliability Remains the Key Focal Point of Manufacturers

The report opines that leading manufacturers of mining pumps, in a bid to retain their brand equity, are focusing on upgrading the quality and efficiency of their products. Xylem, a leading industrial giant, introduced Flygt 2400 stainless steel pump in the year 2016, which was the first stainless steel-only pump in the series designed for mining applications. The product was a durable and super-high head pump meant for transporting chemically-aggressive mine water. Apart from this, manufacturers are also vying to make their products capable of making a notable contribution toward enhancing efficiency of a mine, primarily in terms of energy consumption.

According to the research study, the sales of mining pumps with small capacity (up to 500 gpm) remain the highest with an estimated figure of 2,404,279 units by 2018-end, followed by medium and high capacities. As per the Fact.MR report, the mining pumps sales in APAC remain an all-time high, both in 2017 as well as 2018. Leading manufacturers of mining mumps market are vying to expand their business footprints across regional markets of APAC, especially in China, owing to the presence of advanced manufacturing technologies and cost-effective products as compared to the developed economies. North America and Eastern Europe trail the former as the second and third attractive regions for market players to consider in terms of investments opportunities.

Mining Pumps Market Represents a Moderately-consolidated Landscape

As per the report, the mining pumps market represents a moderately-consolidated landscape, with the collective share of tier 1 and tier 2 players being around 60-70%. The top 6 companies in the mining pumps market, namely Xylem, Flowserve Corporation, KSB SE & Co. KGaA, Weir Group, Sulzer Ltd., and GRUNDFOS, hold around 40-48% share and these brands are driven by their robust product portfolios. Unbeatable operational excellence combined with new developments in tune with the latest trends enables these players to retain their market buoyancy.

The ability of a smart pumping system to achieve efficiency and productivity is enhancing its appeal among the mining operators and plant managers. Being an integral part of a mining plant, mining pumps are being increasingly deployed across greenfield and brownfield projects evolving in the mining sector. As per the report, the rising need for convergence of intelligence with pumping systems is leading to wide-spread embracement of concepts like IOT and Industry 4.0 in the pumping infrastructure.

Incumbency has been identified as one of the key competitive tools of the companies operating in the mining pumps market. In this scenario, an entrenched supplier with an affluent relationship with the customers can gain revenue benefits from not only replacement demands, but also from rising sales for expansion or new project-related activities. Moreover, product reliability and competitive pricing are some of the prominent differentiators of the leading market players. The report also opines that focus on specific pump types remains one of the key focal points of manufacturers to gain significant profit margins.

The report, in order to offer a comprehensive assessment of the growth dynamics shaping the prospects of product type, segments the overall mining pumps market into:

Centrifugal Pumps
Reciprocating Pumps
Rotary Pumps

Detailed profiling of the competitive landscape include following players:

Flowserve Corporation
Weir Group
Sulzer Ltd.
TechnipFMC plc (FMC Technologies)
EBARA Pumps Europe S.p.A.
SPX Flow, Inc.
Alfa Laval
Gardner Denver, Inc.
ITT, Inc.
Roper Technologies, Inc.

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Fact.MR strives to offer market analytics and business intelligence solutions to guide businesses in better strategy formulations in the mining pumps market.

The mining pumps market report will improve the revenue impact of businesses in various industries by:

Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the mining pumps market
Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global mining pumps market and offers solutions
Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
Helping leading companies make strategy recalibrations ahead of their competitors and peers
Offers insights into promising synergies for top players aiming to retain their leadership position in the mining pumps market.
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Contact Email [email protected]
Issued By FACT.MR
Country Ireland
Categories Industry , News , Research
Tags Mining Pumps
Last Updated February 3, 2020