Submersible Pumps for Mining Sector Market Highlights
The submersible pump industry is relatively fragmented with the presence of a large number of manufacturers across the globe. Organized market players are found to have been advancing towards mergers and acquisitions, to expand their global footprint in the global submersible pumps market. The global market for global submersible pumps for mining sector market is expected to grow at 5.38% CAGR.
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.
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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. The development of new and diversified technologies is creating exciting opportunities within the mining industry. Global demand for submersible pumps is increasing due to infrastructural development activities worldwide.
Global Submersible Pumps for Mining Sector Market 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 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
On the basis of pump stage, multistage segment accounted for the largest market share with a CAGR of 5.51% during the forecast period.
Based on region, the global Submersible Pumps for Mining Sector Market covers its growth opportunities and upcoming trends across North America, Europe, Asia-Pacific and Rest of the World.
In terms of geographic regions, APAC will have the highest contribution to the submersible pump market during the forecast period. The region’s lead in the market is attributed to the major factors such as rapid urbanization, industrialization, and the major developing economies including China and India.
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.
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List of Tables
Table 1 Market Synopsis
Table 2 Global Submersible Pumps For Mining Sector Market, By Well Type, 2015-2023 (USD Million)
Table 3 Global Submersible Pumps For Mining Sector Market, By Pump Stage, 2015-2023 (USD Million)
Table 4 Global Submersible Pumps For Mining Sector Market, By Power Ratings, 2015-2023 (USD Million)
Table 5 Asia-Pacific: Global Submersible Pumps For Mining Sector Market, By Country, 2015-2023 (USD Million)
List of Figures
Figure 1 Research Process Of MRFR
Figure 2 Top Down & Bottom Up Approach
Figure 3 Drivers, Restraints and Opportunities of Global Submersible Pumps For Mining Sectors Market
Figure 4 Porters Five Forces of Global Submersible Pumps for Mining Sectors Market
Figure 5 Global Submersible Pumps for Mining Sector Market, By Well Type, 2016 (%)
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