Chopper Pumps Market: Overview
The critical use of chopper pumps for municipal and civic bodies accounts for voluminous growth of the chopper pumps market. According to numbers, of every 10 chopper pumps purchased for municipal applications, at least are 7 are used for wastewater and sewage treatment.
Chopper pumps find critical use to help operators solve clogging – a common problem faced at wastewater treatment plants. Water from agricultural waste, industrial sewage, and untreated waste water from chemical factories is loaded with solids that needs to be removed where chopper pumps find use on a large scale.
The upcoming report on the chopper pumps market provides an in-depth analysis of the market covering vital factors that support or challenge growth. Furthermore, the report discusses growth opportunities and regional landscape over the 2020- 2030 forecast period for valuable insights for stakeholders in the chopper pumps market.
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Chopper Pumps Market: Competitive Landscape
The chopper pumps market in highly fragmented with large number of small and large players in the fray. Product innovation, reduction of capital expenses and maintenance costs are key focus of players in the chopper pumps market. For example, in June 2020, Landia – a Denmark based pump manufacturer manufactured a novel chopper pump for a biogas plant in Ireland. Measuring more than 7m, the long-shaft chopper pump ensures trouble-free and cost-effective pumping with only one single unit. With this design, this pump will be used in a slurry pit to combine cow slurry with other raw materials before it is pumped into another tank. The mixture is then used as a feedstock in farms.
Some key players in the chopper pumps market are Xylem, Cornell, Vaughan, Sulzer, Eddy Pump, and Landia A/S/
Chopper Pumps Market: Key Trends
Expanding sales and distribution networks is a key factor fueling the chopper pumps market. Sales of chopper pumps primarily takes place through a large network of retailers and distributors with a multi-pronged branding strategy. Large retailers and distributors mostly integrate sales of chopper pumps with add-on products, accessories and a robust after-sales service with branding objectives.
For example, Vaughan – a pump supplier in the UK installed a chopper pump at Thames Water Banbury in 2006. The pump is operational for 14 years with no blockages or performance issues. Later, in 2019, a as second pump installed and both pumps went through a comprehensive service overhaul and after sales assessment.
The complete process, including de-assembly, servicing, and re-installation of the two pumps took about two weeks which included shipment of components from the U.S. As a result, Thames Water reported minimal pumping costs and overheads and claimed their service pumps were as good as new. The company also reported that annual lifecycle cost above the original investment price to be GBP 1400- 1500 over the entire 13-year lifecycle.
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Chopper Pumps Market: regional Assessment
Asia Pacific stands at the forefront among other regions in the chopper pumps market. Rapid industrialization and economic development in developing countries of the region accounts for significant revenue share of the region. Need for treatment of wastewater and sewage water produced in large volumes stokes demand for clogging pumps. Clogging pumps are an integral component of wastewater and sewage water treatment to remove solid wastes. Removal of solid waste from sewage water and wastewater makes the water suitable for gardens, parks, and flush tanks.
Proliferation of paper and pulp, manufacturing industries in China accounts for vast demand for clogging pumps. Thus, the region accounts for high revenues for pump manufacturers.
North America is another key region in the chopper pumps market. Upgrade of food processing and industrial units, and evolving agricultural landscape is leading to overhaul of pumping systems, thereby benefitting the chopper pumps market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.