The global submersible pumps market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa and Japan. APEJ has been estimated to dominate the global submersible pumps market and is expected to account for 36.1 per cent market share in terms of revenue in 2016. The APEJ submersible pumps market is estimated to reach a market value of USD $ 5,749.5 million by the end of 2026 from USD $ 2,832.3 million in 2016, expanding at a CAGR of 7.3 per cent during the forecast period. The North America submersible pumps market is expected to reach a market value of USD $ 2,437.0 million by the end of 2026, registering a CAGR of 5.5 per cent over the forecast period. Sales revenue of the submersible pumps market in North America and Western Europe was collectively estimated to be 37.9 per cent in 2016.
With such a large demand, you would think that there has been a major innovation in this product over the past 50 years. However, that has not been the case, until now. Constant fluctuation in major markets has created the need to go further than just providing a quality product. TCO (Total Cost of Ownership) reduction is the focus for most, if not all, slurry pump manufacturers. They are now striving for longer wear life, improved efficiency, lower power consumption throughout the product lifecycle and improved safety during maintenance. You must take all of the ancillary components of the pump: warranty, installation, downtime, maintenance and training, to get a true picture of the costs. Most important of all is uptime – how long can the pump run and be productive? Premature pump failure can bring an entire plant to a halt, resulting in production losses which should be factored into the pump’s true cost.
You achieve that by engineering greater wear protection from erosion and corrosion. The choice of wear parts is a balance between resistance to wear and cost of wear parts. There are two strategies for resisting wear:
1. The wear material has to be hard enough to resist cutting action of the solids.
2. The wear material has to be elastic enough to be able to absorb the shocks of particles.
Also, pumps should be configured to allow outdated equipment to be upgraded with minimal operational impact and capital output. What this means for the consumers is overall cost savings and efficiency gains. The major players in the global slurry pump market are Metso (Finland), Grundfos (Denmark), Weir Group (UK), KSB (Germany), EBARA Pumps (Italy), Goulds Pumps (USA), Flowserve (USA), Xylem (USA), Schurco Slurry (USA), Tsurumi Pump (Korea), Shijiazhuang Industrial Pump (China), Shijiazhuang Kingda Pump (China), LEO Group (China), Excellence Pump Industry (China) and others, which all have adapted some version of TCO. Because of their commitment to quality, customer service and focus on TCO, we reap major rewards as they push the slurry.