Market Introduction: – Submersible pump is a type of centrifugal pump which operates, while completely submerged in the liquid and dredge pumps used to transport of underwater sediments from one region to another. Moreover submersible dredge pumps are defined as the compact multifunctional dredging pumps, dedicated to slurry transport. Submersible dredge pumps are either powered by the hydraulic or electric motor. Submersible dredge pumps are used for different applications such as floating placement, floating water removal, water supply, or solids removal. These pumps allow for economical dredging in all water depth conditions. Heavy submersible pumps can dredge on active pipelines and alongside docks and piers with no risk of damage. Submersible dredge pumps are used in petrochemical, power, light industry, mining, medicine, sewage treatment, environmental protection, and others industrial applications. These pumps are suitable for the transport of all kind of sewage treatment, and mixed liquid containing fibers or solid particles includes industrial waste, urban constriction sewage, and waste slurry. With the rapid industrialization, urbanization and agricultural production activities, as well as the increasing prominence of environmental protection, has become a subject of concern of the application and research of the submersible dredge pumps industry.
Submersible dredge pumps market: Market Dynamics – Demand from several end use sectors is expected to fuel the growth of submersible pumps market. Oil industry and municipal sector are considered as the primary users of submersible dredge pumps owing to draining or removal of water and wastewater generated in these areas. Another prominent are of end use for submersible dredge pumps is its use in industrial process involving production of chemicals with a significant rate of demand and subsequent growth expected in the forecast period. Affordable cost of operation is also a key criteria for the end users for employment of submersible dredge pumps. Incidentally, the regulations related to waste and effluent management has also helped the growth of submersible dredge pumps. However, the high cost of the submersible dredge pumps compared to the conventional ones and other factors such as cost incurred in case of motor failure may constrain submersible dredge pumps market growth, yet for the long term use, submersible dredge pumps would be preferred by the respective end users. The opportunity of submersible dredge pumps growth in the upcoming years also lies from the potential demand from construction and civic infrastructure industry which has witnessed a notable growth in the last decade where the requirement of water drainage can be addressed by submersible dredge pumps.
Submersible dredge pumps market: Segmentation – Submersible dredge pumps market can be segmented on the basis of product type, specification and end use application – On the basis of product type submersible dredge pumps market can be segmented as : Conventional submersible dredge pumps,High-efficiency submersible dredge pumps,Cutter Special submersible dredge pumps,Custom-built submersible dredge pumps. On the basis of product specification submersible dredge pumps market can be segmented as Electric version: from 3.7kW up to 110kW,Hydraulic version: from 9kW up to 300kW. On the basis of end use application submersible dredge pumps market can be segmented as : Heavy-duty submersible dredging pumps,Mine tailings dredging,Heavy-duty pumps for contaminated sediments,Modular and transportable dredgers,Tailor-made dredging systems. On the basis of end use industries submersible dredge pumps can be segmented as: Agriculture industry,Waste water treatment industry,Chemical industry,Petroleum industry.
Submersible dredge pumps market: Regional outlook – Asia pacific is expected to hold major share in submersible dredge pumps market. Rising industrialization coupled with the hefty investment in infrastructure activities deliver positive growth outlook for the submersible dredge pumps market in Asia pacific region. Developing countries such as India, China and ANZ and others have gone through the high demand in industrial sector and agriculture sector for submersible dredge pumps. Europe followed by North America is estimated to deliver sustainable growth for submersible dredge pumps market over the coming years. Many European countries are agriculture driven economies, so there is high usage of submersible dredge pumps in these countries, which create high demand for the submersible dredge pumps market. Latin America and Middle East countries are estimated to retain positive growth outlook over the forecast period with high demand in the industrial sector for submersible dredge pumps. Japan is expected to demonstrate sluggish growth in submersible dredge pumps market over the forecast period.
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Submersible dredge pumps market: Key Market Players : Examples of some of the market participants in the global submersible dredge pumps market identified across the value chain include : Damen Dredging Equipment,General Electric,Grundfos Pumps,Halliburton,Schlumberger Limited,Ebara Pumps Europe S.p.A.,Falcon Pumps,Flowserve Corporation,Kirloskar Brothers,KSB,Lishen Pumps,Ruhrpumpsen Group,Shengli Pumps,The Weir Group,Walrus America,Pentair plc.,WILO SE.