Market Highlights
The global
submersible pumps for mining sector market is a very dynamic market and is
expected to witness high growth over the forecast period. The growth of
submersible pumps for mining sector market is influenced by growing urban population,
rapid industrialization, and huge investments for infrastructure development in
the region. Moreover, submersible pumps are waterproof and prevent leakage of
the liquid or electric charge when the pumps are immersed in liquid.
Additionally, these pumps do not need extra space or utility room for their
existence and can be immersed deeper in the liquid unlike any other pumps.
Key Players
The key players
of global Submersible pumps for mining sector market includes Xylem Inc.
(U.S.), Grundfos Group (Demark), KSB Aktiengesellschaft (Germany), Sulzer Ltd
(Switzerland), Ebara Corporation (Japan), Atlas Copco AB (Sweden), Flowserve
Corporation (U.S.), The Weir Group Plc. (Scotland), Tsurumi Manufacturing Co.,
Ltd (Japan) and The Gorman-Rupp Company (U.S.)
Industry Segmentation
The global Submersible
Pumps For Mining Sector Market Research has been segmented, based
on Well Type, Pump Stage, Power Ratings and region.
On the basis of pump stage, multistage segment accounted for the largest
market share with a CAGR of 5.51% during the forecast period.
On the basis of well type, bore well segment dominates the global
submersible pumps for mining sector market with a share of 65.9% in 2016, and
expected to grow at a CAGR of 5.38% during the forecast period.
On the basis of power ratings, high power segment accounted for the
largest market share and is projected to grow at the highest CAGR of 5.66%,
during the forecast period
Regional
Analysis
In terms of
geography, Asia Pacific accounted for the majority market share and will
continue to dominate the market in the forecast period.
The submersible
pump for mining sector is primarily driven by strong industrialization &
increasing urbanization and increasing demand from mining & sludge
treatment industry. Strong growth prospect of construction industry in the Asia
Pacific region, is expected to drive demand for submersible pumps for mining
sector in the coming years. China accounted for the largest market share of
33.59% in 2016, with a market value of USD 208.6 million, and is projected to
grow at the highest CAGR of 6.41% during the forecast period.
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