Press Release

Slurry Pump Market to Grow with a CAGR of 4.19% through 2028

Rising investments in infrastructure projects and growing awareness of environmental protection are likely to drive the market in the forecast period

 

According to TechSci Research report, “Slurry Pump Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Slurry Pump Market stood at USD 2.10 billion in 2022 and is anticipated to grow with a CAGR of 4.19% in the forecast period. One of the primary drivers propelling the global Slurry Pump market is the continuous expansion of mining and mineral exploration activities worldwide. Mining operations, whether for precious metals, minerals, or industrial materials, often involve the extraction of ore in the form of a slurry—a mixture of solids and liquids. Slurry pumps are indispensable in transporting and processing this abrasive and often viscous slurry efficiently. As the global demand for essential minerals and metals persists to meet the needs of various industries, the significance of slurry pumps continues to grow. Mining companies are continually seeking new deposits and expanding existing mines to fulfill these demands, thereby generating a consistent requirement for slurry pumps. Moreover, the abrasive nature of the materials being transported can lead to significant wear and tear on equipment, necessitating the use of robust and durable slurry pumps. In essence, the ongoing expansion of mining and mineral exploration activities fuels the demand for slurry pumps, making them a vital component of the global mining industry. The growth in this sector significantly impacts the Slurry Pump market, spurring innovation and development in pump technology to meet the evolving needs of mining operations.

Infrastructure development and construction projects represent another substantial driver of the global Slurry Pump market. These projects encompass the construction of roads, bridges, tunnels, sewage systems, and various civil engineering undertakings, many of which involve excavation, material handling, and wastewater management—all tasks for which slurry pumps are essential.  The global trend of urbanization, along with population growth, necessitates the continual enhancement and expansion of infrastructure. Governments, public-private partnerships, and private entities invest significantly in these projects, often with strict requirements for efficient material handling and disposal. Slurry pumps are fundamental in ensuring the smooth and effective management of excavated materials and wastewater, playing a pivotal role in the success of infrastructure development initiatives. Government policies and regulations aimed at improving infrastructure further contribute to the demand for advanced slurry pump technologies. As cities expand and modernize, the construction industry relies on these pumps to manage the challenges presented by slurry materials efficiently. Consequently, infrastructure development, along with associated construction projects, emerges as a potent driver in the global Slurry Pump market, fostering growth and innovation within the industry to meet the evolving needs of the construction and civil engineering sectors.      

 

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The Global Slurry Pump Market is segmented into type, end user and region.

Based on type, The Horizontal segment had the largest market share in 2022 & expected to maintain it in the forecast period. Horizontal slurry pumps are highly versatile and can handle a wide range of slurry types, including those with high solids content, varying viscosities, and different particle sizes. This versatility makes them suitable for a broad spectrum of applications across various industries. Horizontal slurry pumps have a long-standing history and a proven track record of reliability and performance. Their design and technology have been refined over the years, making them a trusted choice for many industries. Horizontal slurry pumps are known for their efficiency in transferring slurry. They are often preferred when energy efficiency is a key consideration, as they can efficiently transport slurries over long distances with minimal energy consumption. Horizontal slurry pumps are available in a wide range of sizes and configurations, allowing them to meet the specific requirements of different applications. This adaptability is a significant advantage, as it enables customization for various industrial processes. Many horizontal slurry pump designs are user-friendly when it comes to maintenance and repairs. Their accessibility and ease of disassembly make them more convenient for maintenance personnel, reducing downtime and associated costs. Horizontal slurry pumps have become an industry standard in many sectors, including mining, minerals processing, and general industrial applications. This standardization simplifies procurement and maintenance processes for businesses.  In industries with established processes and infrastructure, horizontal slurry pumps often seamlessly integrate with existing systems, reducing the need for significant modifications or replacements.

Based on application, The Mining & Mineral Industry segment had the largest market share in 2022 and is projected to experience rapid growth during the forecast period. The mining and mineral industry deals with highly abrasive and corrosive materials, such as ores, minerals, and rocks. These materials can quickly wear down conventional pumps, making slurry pumps essential due to their robust design and ability to withstand abrasion and corrosion. Slurry pumps are purpose-built to handle these challenging materials effectively. Slurry pumps are a critical component of mining operations. They are used to transport mined ore, slurries, and tailings from extraction and processing sites to various locations within a mining facility. Their ability to efficiently handle high-density slurries makes them indispensable for maintaining continuous production in mining operations.  The mineral processing stage involves separating valuable minerals from gangue materials. Slurry pumps are used to transport the mineral-laden slurry through various stages of separation and concentration, playing a vital role in the recovery of valuable minerals. In underground and open-pit mining, water management is a significant challenge. Slurry pumps are employed for dewatering purposes, helping to remove excess water from mining pits and underground tunnels to maintain a safe and productive work environment. Proper disposal of tailings, the waste materials generated during mining and mineral processing, is crucial to minimize environmental impact. Slurry pumps are used to transport these tailings to designated disposal areas, ensuring responsible waste management. Mining sites often require the transportation of slurries over long distances, which demands pumps with high efficiency and reliability.

 

Major companies operating in the Global Slurry Pump Market are:

  • Grundfos Groups
  • Xylem
  • Weir Group Plc
  • Flowserve
  • Metso Oyj
  • Tsurumi Manufacturing Co.,Ltd
  • Schurco Group Inc.
  • ITT Inc.
  • Ebara Corporation

 

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“The Global Slurry Pump market is expected to rise in the upcoming years and register a significant CAGR during the forecast period. The global Slurry Pump market is primarily propelled by the rising demand from resource-intensive industries, such as mining, mineral processing, and construction. These sectors rely heavily on slurry pumps for their ability to efficiently handle abrasive, high-density slurries and facilitate the transportation of valuable resources and waste materials. With global economic growth driving higher resource consumption, the demand for slurry pumps continues to surge, making them a critical component in sustaining industrial operations. As a result, manufacturers in the Slurry Pump market are poised to benefit from the ongoing expansion and modernization of these resource-driven industries. Therefore, the market of Slurry Pump is expected to boost in the upcoming years.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Slurry Pump Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Vertical and Horizontal), By End User (Chemical Industry, Mining & Mineral Industry, Paper & Pulp Industry, Metallurgical Industry, Others), By Region, By Competition”, has evaluated the future growth potential of Global Slurry Pump Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions., The report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Slurry Pump Market.

 

Contact

Mr. Ken Mathews

Techsci Research LLC

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New York, United States- 10170

Tel: +13322586602

Email: [email protected]

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