Submersible Pumps for Mining Sector Market
Highlights
Market
Research Future (MRFR's) recently published an in-depth report on submersible
pumps for mining sector market contains valuable market insights that have
derived after careful analysis of the pertinent trends and factors impacting
the market. MRFR has predicted an impressive CAGR over the forecast period. Adapting to the recent novel COVID-19
pandemic, the impact of the COVID-19
on Submersible Pumps for Mining Sector Market is included in the present report.
Submersible pumps
in the mining sector are used for water procurement, dewatering, and
distribution. Regulation of water is one of the most common problems in the
mining industry due to mine dewatering practices are compulsory for the
prevention of hazards. Submersible pumps are leveraged to remove unnecessary
water, which generates substantial demand within the market. Rapid
industrialization across the globe has accelerated mining and exploration activities
across the globe, which has fostered the growth of the submersible pumps for
the mining sector.
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 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
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Full Report @ https://www.marketresearchfuture.com/reports/submersible-pumps-for-mining-sector-market-5050
Regional
Analysis
Region-wise, the
submersible pumps for mining sector market has been segmented into North
America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
The APAC is the
largest submersible pumps for mining sector market and is likely to dominate
the global market throughout the forecast period. The market growth can be
credited to the continuous demand generated by the mining and sludge treatments
sector. Fast track industrialization has further supported the growth of the
mining industry, which has further boosted the growth of the market. In 2016,
China held the largest share of 33.59% of the market, with a valuation of USD
208.6 Mn. China is projected to capture the highest CAGR of 6.41% over the
forecast period. Furthermore, the economic upturn in the emerging economies of
the region has greatly influenced the growth of the mining industry in the
region, which has favored the growth of the APAC submersible pumps for mining
sector market.
The market growth
in the developed regions such as North America and Europe is not as impressive
as in the emerging economies, although these markets account for a significant
share of the market.
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