Dredge Pump Market: Introduction
- Dredge pumps are heavy duty slurry pumps used in the process of dredging. Dredging is a process of transporting underwater sediments such as gravel, sand, rocks, stones, mud, fine, and debris from one area to another.
- Dredge pumps are high-pressure pumps powered by gasoline. They are used to suck up water, gold, and gravel, by pushing materials through header box or hose.
- Dredge pump is a type of centrifugal pump with manganese steel liners or chrome carbide. It mainly consists of an impeller and pump casing. The impeller is connected to drive motor through a shaft and mounted into the pump casing.
- Dredge pumps are of different types, ranging from conventional pumps to high efficiency pumps that include high pressure, medium pressure, and low pressure pumps. Moreover, dredge pumps are easy to execute and available in single and double walled varieties. They can withstand extreme forces, and can be used in less and most demanding operations in different industries.
- Dredge pumps are configured for all kind of applications such as inboard, onboard, booster, and submerged, with the suction diameters ranging from 300 mm to 1,400 mm and more
- Dredge pumps are powered by electric motor or hydraulic motor. These pumps are used for various applications such as floating water removal, floating placement, solids removal, and water supply.
- Dredge pumps are used for economical dredging in all water depth conditions.
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Dredge Pump Market: Dynamics
Key Drivers of Dredge Pump Market
- Increase in urbanization, industrialization, and agricultural production activities in developed and developing countries are expected to boost the dredge pump market during the forecast period
- Increase in awareness about environmental protection is expected to drive the dredge pump market during the forecast period
- Marine industry is considered as a prominent user of dredge pumps. As dredge pumps are used in TSHD (trailing suction hopper dredger). A trailing suction hopper dredger is a ship used to maintain navigable waterways with the help of dredge pumps. This, in turn, is a major factor driving the dredge pump market.
- Dredge pumps are used to drain water and wastewater in municipal sector and oil industry. This is anticipated to boost the dredge pump market in the next few years.
- Doing different operations in different industries such as mining and mineral, construction, metallurgy, chemical industry, pulp and paper, energy and in manufacturing plants by the use of dredge pumps, can drive the dredge pump market
- Government regulations for waste and effluent management are expected to drive the dredge pump market during the forecast period
Asia Pacific to Hold Major Share of Global Dredge Pump Market
- Asia Pacific is expected to account for significant share of the global dredge pump market during the forecast period due to rise in urbanization, industrialization, and constructional activities with large investments. This, in turn, is expected to have a positive impact on the dredge pump market over the forecast period.
- Rapid industrialization and fast growing economy in India and China are likely to fuel the demand for dredge pumps
- Economic situation across the world is complicated with many uncertainties in the next few years. The dredge pump market in North America and Middle East & Africa is expected to witness significant growth during the forecast period due to increase in demand for dredge pumps in marine and oil industry.
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Dredge Pump Market: Competition Landscape
Key Players Operating in Global Market
The global dredge pump market is highly concentrated with top manufacturers accounting for approximately 25%–30% of the market share. A few key players operating in the global dredge pump market are listed below:
- Grundfos Pumps
- Kirloskar Brothers
- Lishen Pumps
- Ruhrpumpsen Group
- Shengli Pumps
- The Weir Group
- Walrus America
- Schlumberger Limited
- Ebara Pumps Europe S.p.A.
- Falcon Pumps
- Flowserve Corporation
- Pentair plc.
- WILO SE
Dredge Pump Market: Research Scope
The global dredge pump market can be segmented based on:
- Product Type
- Distribution Channel
Dredge Pump Market, by Product Type
Based on product type, the global dredge pump market can be classified into:
- Horizontal Dredge Pumps
- Vertical Dredge Pumps
- Submersible Dredge Pumps
Dredge Pump Market, by Distribution Channel
In terms of distribution channel, the global dredge pump market can be segregated into:
- Direct Sales (OEM)
- Indirect Sales
- DREDGE Pump Customers
Dredge Pump Market, by Application
Based on application, the global dredge pump market can be categorized into:
- Trailing Suction Hopper Dredgers
- Cutter Suction Dredgers
- Dredging and Mining Slurry Pumps
- Power Generation
Dredge Pump Market, by Industry
On the basis of industry, the global dredge pump market can be divided into:
- Mining & Mineral
- Chemical Industry
- Pulp & Paper
- Manufacturing Plants
Dredge Pump Market, by Region
Based on region, the global dredge pump market can be categorized into:
- North America
- Rest of North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
The report incorporates in-depth assessment of product development, financial analysis, product market sizing, competition landscape, product benchmarking, market trends, and strategic analysis to estimate the potential opportunities for and impact forces of the global dredge pump market. The report also includes a study and qualitative and quantitative research of major developments in the market such as mergers & acquisitions, product launches, agreements, and collaborations to recognize the prevailing market dynamics and their estimated impact during the forecast period.
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.