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. Whereas, high cost of the submersible pumps & other substitute pumps, act as a major restraint for the growth of the market.

The submersible pumps for mining sector market is undergoing various changes with the evolving customer expectations, acceleration of technological innovation, and shifts in competitive power. Increasing number of funding commitments for the commercialization and development of refueling infrastructure, will also be contributing growth for the market in the years to come.

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Scope of the report

This study provides an overview of the global submersible pumps for mining sector market, tracking one market segment across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Submersible pumps for mining sector market by its product and region.

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.)

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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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