DUBAI, U.A.E, July 6, 2020 /PRNewswire/ -- The global chopper pumps market is set to expand at a positive CAGR of ~5% for the upcoming 2020-2030 forecast decade, concludes award winning market research firm Future Market Insights.
The surging popularity of chopper pumps is ascribed to their growing applications in wastewater treatment across municipal as well as industrial settings. As the demand for clean and potable water is rising in the wake of rapid urbanization, adoption of efficient pumps is on the rise. A major advantage of chopper pumps is that it helps overcome the problem of clogging, a common impediment across water treatment plants. It does so by breaking down heavy solids to enable smooth passage.
Incorporation of variable frequency drives (VFDs) has proven to be an important catalyst for the rapid adoption of chopper pumps. Equipped to adjust flow or pressure to the actual demand, end-users can achieve immense cost savings while using VFDs. VFDs also enable end-users to invest less in wet well size, allowing for space saving. Chopper pumps are also utilized in manure slurries to generate organic fertilizers which can be used for various agricultural applications.
Due to the coronavirus pandemic, however, manufacturers are witnessing shrinking revenue pools attributed to supply chain disruptions due to factory shutdowns. The near-term impact on the chopper pumps market shall depend on effective supply chain management and fiscal measures for continued liquidity of small and medium enterprises. As the pandemic recedes, growth shall resurface eventually generating enhanced revenue prospects.
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"Manufacturers are shoring up their distribution and retailing capabilities through multi-pronged branding strategies. Offerings which are largely integrated with accessories, additional products and after-sales service programs is providing room for significant cost-savings by important stakeholders," infers an FMI analyst.
Key Takeaways from the Global Chopper Pumps Market Study
Global Chopper Pumps Market- Key Trends
Global Chopper Pumps Market- Region-wise Analysis
Global Chopper Pumps Market- Competitive Landscape
The chopper pumps market is fragmented in nature. Some prominent market players in this landscape are Sulzer Ltd., Vaughan, Landia A/S, Cornell Pump Co., Xylem Inc. and Eddy Pump. These players comprise a quarter of the overall market share.
The abovementioned players concentrate on reducing maintenance costs and capital expenditure along with product innovation to consolidate their position in the market. An example of this is the manufacturing of a long shaft biogas chopper pump by DPS Ltd. to be installed at its biogas plants in Ireland. The pump is intended to convert cow slurry into useful agricultural products.
Vaughan Co, a prominent U.S-based pumps supplier, has registered over 20 patents for its range of innovative products. The company has supplied chopper pumps to McCain Foods in order to help them clean up the bean waste which regularly clogged their systems.
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Global Chopper Pumps Market Taxonomy
South Asia & the Pacific
Know More About the Chopper Pumps Market:
A new market research report published by Future Market Insights (FMI) on the global Chopper Pumps Market report provides in-depth insights into the market demand trends and assessment of opportunities during the forecast period. The report analyses the Chopper Pumps Market through four different segments- product type, outlet diameter, application, and region. The Chopper Pumps market report also offers detailed analysis of pricing analysis by different product type and demand across end-use industry.
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