Top Players Collectively Hold Around 60-70% Revenue Share, Focus on Driving Sales through Leading-edge Innovations
The mining pumps market remains moderately-consolidated, with tier 1 and tier 2 players accounting for a collective 60-70% revenue share. The top 6 players, namely Xylem, Flowserve Corporation, KSB SE & Co. KGaA, Weir Group, Sulzer Ltd., and GRUNDFOS, account for around 40-48% share, driven by their superior product portfolios.
Rapid permeation across prominent customer segments with operational excellence remains one of the key focus areas of the leading players in the mining pumps market. Moreover, growing sales of mining pumps through persistent innovations and developments also remains a key revenue lever of these companies. Furthermore, amelioration of product efficiency, in tune with application-specific protocols, are one of the focal points of these companies for long-term customer retention.
Manufacturers Unleashing Potential of IoT and Industry 4.0
Mining pumps manufacturers remain oriented toward various ways of obtaining significant benefits, owing to the volatile nature of global pump market. The growing eminence of ‘Industry 4.0’ and ‘Industrial Internet of Things (IIoT)’ in industrial automation is encouraging manufacturers of mining pumps to craft new products in line with the same. This is foreseen to introduce a pool of new opportunities for the key stakeholders and drive the emergence of new business models in line with evolving realities.
The key objective behind such product diversifications is the enhancement of user experience via fully integrated solutions. Convergence of intelligence with pump infrastructure enables every component to have its own set of protocols and empowers its competency to effectively communicate with its fellow components, scaling up the overall efficiency factor.
Key manufacturers are eyeing technologies as such to drive notable profits and solidify their market sustenance. Leading players have made notable efforts to highlight prominence of these technologies for boosting performance of the next-generation mining pumps.
Resurgence of Mining Sector with Hefty Investments in Greenfield and Brownfield Projects Spur Demand
Investments in new mining projects and amelioration of existing projects across various regions have revved up by a significant margin. For instance, the ‘New Federal Mining Agreement’ was drafted in the year 2017 and was aimed at attracting investments in the regional mining sector. As per United States Census Bureau, mining was one of the sectors with the largest absolute increase in terms of capital investments from 2006 to 2015 i.e. 75.9 percent.
Burgeoning investments in mining projects are pushing the demand for new equipment and machinery. Mining pumps, as one of the integral parts of the overall mining infrastructure, are also being highly sought-after for use in productive or extractive processes. The expenses on pumps broadly fall under either of the two investment categories, greenfield investments (for instance setting up of a new mine) or brownfield investments (refurbishing an existing facility).
Evolving Demand for New Age Commodities to Create Untapped Opportunities
Apart from the conventional commodities, new investments are gaining prominence with regard to extraction of ‘new-age minerals’, such as cobalt, copper, nickel, lithium, and many more. For instance, the growing demand for Li-ion batteries is pushing the demand for Lithium. Likewise, cobalt is also garnering significant attention on the back of its necessity in case of electric vehicles.
Prominent miners across the globe are eyeing these commodities in a bid to attain substantial benefits, owing to their long-term prospects and their rising prominence apropos of the technology of the future. Leading mining firms, with an objective of tapping into new opportunities, are vying to capitalize on this evolving trend having an optimistic potential.
Ease of Installation and Optimal Performance - Key USPs Spurring Sales of Centrifugal Mining Pumps
Cost-effectiveness and easy installation are two of the key attributes enhancing the appeal of centrifugal mining pumps. Easy installation, coupled with superior performance attributes, are the key factors scaling up the popularity of centrifugal mining pumps.
However, high maintenance and controlling issues in case of low flow rates are few of the prominent factors that might pose challenges apropos of adoption. Minimal cost-effectiveness, as compared to other mining pump types, is another key factor that might also confine the adoption of centrifugal mining pumps.
Mining Pumps Market- Competitive Landscape
The competitive landscape of mining pumps market provides a quick overview of the key players operating in the mining pumps market, along with their key developments. Moreover, it also talks about the key differential strategies being adopted by these players to retain their buoyancy in the mining pumps market. Two notable developments include,
- Flowserve Corporation entered into a global partnership with Azima Inc. in the year 2017. This partnership delivers an exclusive predictive maintenance solution for industrial pumps as well as other rotating equipment.
- Xylem Inc., a key player in the mining pumps market, acquired PIMS Group of the U.K in the year 2013. This acquisition is aimed at adding an industry-leading service capability built on PIMS’ talent, tools and processes.
Mining Pumps Market- Definition
Mining pumps are the pumps involved as a crucial part of the mining process. Mining pumps are employed for a wide range of activities, such as abrasive sludge dewatering, mineral processing, slurry transfer, and waste water and tailing transfer.
Mining Pumps Market - About the Report
The report on mining pumps market compiles an unbiased and unmatched analysis of the growth roadmap of mining pumps market over the forecast timeline. The research study on mining pumps market features an all-inclusive outlook of the global mining pumps landscape along with a detailed segmental analysis for in-depth understanding of mining pumps market. Moreover, influencing factors of the mining pump market, such as demand generators, prevalent trends, and prime opportunities, have also been discussed with their relevant impact on mining pumps market.
Mining Pumps Market Structure
The market structure section in the mining pumps market report enunciates on the detailed market taxonomy of mining pumps market, on the basis of various segments analyzed. By capacity, the mining pumps market has been segmented into into small (upto 500 gpm), medium (500-1000 gpm), and high (more than 1000 gpm).
By application, the mining pumps market has been segmented into drainage, gravel/dredge, slurry, jetting, and water/wastewater. By product type, the mining pumps market has been segmented into centrifugal pumps, reciprocating pumps, and rotary pumps. By region, the growth of mining pumps market has been analyzed across key regions such as North America, Latin America, Western Europe, Eastern Europe, APAC, and MEA.
Mining Pumps Market- Additional Questions Answered
In addition to the aforementioned insights for the mining pumps market, the research study on mining pumps market takes care of other crucial aspects and facets of mining pumps market having a major role in the growth of mining pumps market. Moreover, an end-to-end coverage of mining pumps market as such can help the aspiring players in the mining pumps market vying to make it big in the mining pumps market and gain competitive advantages.
- What strategies can help the emerging players of the mining pumps market enhance their bottom line?
- Which region will proliferate in terms of highest volume sales in the mining pumps market?
- Which mining pumps product type will have the highest market value by 2018-end?
- What are the major challenges the key players in the mining pumps market highly likely to face?
Mining Pumps Market- Research Methodology
This section in the mining pumps market highlights convincing insights of mining pumps market apropos of the growth course of mining pumps market over the forecast period. A constructive research methodology for mining pumps market forms the foundation of ground-breaking insights included in mining pumps market report. The research methodology leveraged for garnering insights for the mining pumps market consists of information on mining pumps market, procured from both primary as well as secondary research. Moreover, the insights for mining pumps market in the secondary research are further reexamined and confirmed by the experts of the mining pumps market contacted in the primary research phase.
Fact.MR’s new report on mining pumps market sheds light on compelling insights with regard to the dynamics of mining pumps market, including drivers, restraints, trends, and opportunities. The report on mining pumps system market pinpoints the market size, both in terms of value as well as volume particulars along with key factors determining the market size of mining pumps market. Additionally, the report on mining pumps market also offers a detailed analysis of the market along with a comprehensive segmental analysis and regional growth matrices.
Chapter 1- Executive Summary
This chapter in the mining pumps market offers a quick and efficient summary of revenue and growth particulars, wherein the prominent segments governing the market space have also been highlighted. Moreover, this chapter in the mining pumps market report also enunciates the futuristic growth of mining pumps along with previous year growth and also offers a full-fledged comparison. This chapter in the mining pumps market report also highlights the aspects of the leading segments in terms of revenue as well as growth potential.
Chapter 2- Market Introduction
This chapter in the mining pumps market focuses on the introduction and definition of the mining pumps market, along with a detailed definition of the product ‘mining pumps’. Moreover, this chapter also elaborates on the structure or taxonomy of mining pumps market with respect to various segments, such as capacity, application, product type, and region.
By capacity, the mining pumps market has been classified into small (upto 500 gpm), medium (500-1000 gpm), and high (more than 1000 gpm). By application, the mining pumps market has been classified into drainage, gravel/dredge, slurry, jetting, and water/wastewater. By product type, the mining pumps market has been classified into centrifugal pumps, reciprocating pumps, and rotary pumps. By region, the mining pumps market has been gauged across key regions such as North America, Latin America, Western Europe, Eastern Europe, APAC, and MEA.
Chapter 3- Market Dynamics
This chapter in the mining pumps market report elaborates on the key market trends governing the market space along with primary challenges for the market players in terms of business expansion in the mining pumps market.
Chapter 4- Associated Industry Assessment
This chapter elaborates on a market overview of mining pumps market, wherein market analysis in terms of value and volume over the forecast period. Moreover, this chapter also elaborates on the market analysis and forecast of mining pumps market by region and product type. Additionally, this section also comprises of a market attractiveness analysis by product type for the understanding of the readers with regard to the lucrativeness of each product type in the mining pumps market.
Chapter 5- Key Indicator Assessment
This chapter talks about the supply chain of the mining pumps market. In the discussion on supply chain of the mining pumps market, mining pumps manufacturers, pumps manufacturers, distributors/suppliers, and end users. Additionally, this chapter in the mining pumps market also talks about cost structure of the mining pumps market. Moreover, macro-economic factors influencing demand have also been discussed in detail in this chapter.
Chapter 6- Global Mining Pumps Market Analysis and Forecast
Initially, this chapter talks about the global market outlook of mining pumps market, wherein the market value, volume, forecast, and YOY growth has been discussed in detail. Moreover, it also talks about the market absolute $ opportunity of mining pumps market over the forecast period.
In addition to this, pricing analysis of the mining pumps market has also been discussed which offers insights on price index and price point assessment. The forecast scenario included comprises of all the prominent forecast factors and the relevance of their impact. Apart from the aforementioned, this chapter in the mining pumps market also talks about other crucial aspects such as Market Share and BPS Analysis by Capacity, Y-o-Y Growth Comparison by Capacity, Absolute $ Opportunity by Capacity, and Market Attractiveness Analysis by Capacity.
Chapter 7- North America Mining Pumps Market Analysis
This section sheds light on details of North America mining pumps market across prominent countries of North America region, such as the US and Canada. Moreover, regional dynamics having deep-rooted influences on the North America mining pumps market is also incorporated in this chapter has also been discussed.
Chapter 8- Latin America Mining Pumps Market Analysis
This chapter comprises of details of the growth potential of Latin America mining pumps market along with regional trends shaping the Latin America mining pumps market have also been discussed for an unmatched overview of the market. Additionally, a country level analysis has also been included in this chapter which revolves around all the discrete segments of the market.
Chapter 9- Western Europe Mining Pumps Market Analysis
This chapter gives a detailed overview of the Western Europe mining pumps market and also elaborates on region-wise opportunities for the market players to take advantage of. The analysis is based on particulars obtained for key countries of the Western European region and the insights garnered have been compiled in a diligent manner.
Chapter 10- Eastern Europe Mining Pumps Market Analysis
This chapter offers a deep outlook of the Eastern Europe mining pumps market across key regions of Eastern Europe, along with a detailed absolute opportunity analysis from an investment standpoint.
Chapter 11- APAC Mining Pumps Market Analysis
APAC mining pumps market has been analyzed in this chapter, wherein the impact and relevance of the regional factors have also been discussed. Moreover, opportunity analysis across key regions of APAC also stands out as a key inclusion of this chapter.
Chapter 12- MEA Mining Pumps Market
This chapter offers a quick look at the MEA mining pumps market and features an exclusive outlook of the MEA mining pumps market with respect to various segments.
Chapter 10- Competitive Assessment
This chapter in the mining pumps market report puts spotlight on the competition dynamics of the market and enlists the names of key players having a considerable stronghold in the global market space.
Chapter 11- Company Profiles
This chapter features the key profiles of all the prominent companies operating in the global mining pumps market. Moreover, it also consists of key focus areas of these players along with their revenue footprint.
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