Emphasis on Type (Submersible Chopper Pump, Cantilever Chopper Pump, Vertical Dry Pit Chopper Pump, Self-Priming Chopper Pump, End Suction Chopper Pump and Vertical Wet Well Chopper Pump); Application (Agriculture, Food and Beverages, Vertical Wet Well Chopper Pump, Chemical and Petrochemical and others)); and Region/Country
The global chopper pumps market was valued at USD 450 Million in 2022 and is expected to grow a CAGR of 5% during the forecast period (2023-2030). A chopper pump is a centrifugal pump which is installed with a cutting system to facilitate chopping of the solid materials which are present in the pumped liquid. The pump prevents clogging, as all the solids and waste materials are breakdown by the chopping system. In recent years, the demand for chopper pumps has risen dramatically due to the rising necessity for a chopper pump to remove the solid water that comes from industrial sewage, agricultural waste, and other untreated wastewater factories. Moreover, due to the continuously evolving agricultural, industrial, and food processing landscapes coupled with developing countries’ rapid industrialization is increasing the demand for the chopper pumps. For instance, according to UNESCO report 80 percent of the waste water return to the environment without any treatment thereby surging the demand for chopper pumps.
Vaughan Company, Crane Pumps & Systems, CRI-MAN S.p.A., Cornell Pump Company, EDDY Pump, Landia a/s, Selwood Limited, Delta Mechanical & Electrical Industries, Hayward Gordon, and DeTech Pump. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst type, Submersible Chopper Pumps category to witness higher CAGR during the forecast period”
Based on type, the market is segmented into submersible chopper pumps, cantilever chopper pump, vertical dry pit chopper pump, self-priming chopper pump, end suction chopper pump and vertical wet well chopper pump. There is increased adoption of submersible chopper pump in wastewater treatment plants and agricultural applications as they are specifically intended to support the treatment of wastewater and water with suspended materials. For instance, in 2022, Sulzer extended the PLR slurry pump range. Eight new sizes had been added, extending the capacity to 3,900 m3/h. The additional sizes included new features such as a removable suction plate and floating flanges.
“Amongst end users, the Food and Beverages to hold a significant share in the market in 2020”
Based on end-users, the market has been classified into agriculture, food & beverages, water and waste water treatment plant, chemical & Petrochemical and others. One of the main industries using chopper pumps is the water and waste water treatment plant. Chopper pumps are widely used in water treatment plants in the chemical and manufacturing industries, as well as agricultural waste sewage systems. Water scarcity is one of the world’s key concerns. According to a UNESCO report, 80% of wastewater is returned to the environment untreated, increasing the need for chopper pumps. Rapid industrialization and the demand for sewage systems are also driving the chopper pumps market growth. Further, municipalities and government organizations are deploying chopper pumps in sewage and water treatment plants to deal with the need for alternative sources of clean water when required.
“North America to hold a significant share in the market”
North America is anticipated to grow at a substantial CAGR during the forecast period. The developed food processing sectors in the United States and Canada are driving up demand for wastewater treatment facilities and driving up chopper pump deployment. Additionally, USA is renowned for its industrial growth, which benefits the industry. Mushrooming Agriculture is another aspect contributing to the market’s expansion. Additionally, evolving agricultural landscape is leading to overhaul of pumping systems, thereby benefitting the chopper pumps market. For instance, in April 2021, Xylem Inc. of USA along with Esri, a global leader in location intelligence is providing services to utilities all over the world. The two companies will work together to establish combined technological road maps, cooperative marketing campaigns, and collaborative selling initiatives.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The Chopper Pumps Market
6. Chopper Pumps Market Revenue (usd Bn), 2020-2030f
7. Market Insights By Type
8. Market Insights By End Users
9. Market Insights By Region
10. Chopper Pumps Market Dynamics
11. Chopper Pumps Market Opportunities
12. Chopper Pumps Market Trends
13. Demand And Supply-side Analysis
14. Value Chain Analysis
15. Pricing Analysis
16. Strategic Insights
17. Competitive Scenario
18. Company Profiled
19. Disclaimer
Research Methodology for the Chopper Pumps Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Chopper Pumps market were the three major steps undertaken to create and analyze the adoption of Chopper Pumps in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Chopper Pumps market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Chopper Pumps market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Chopper Pumps market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type and end users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Chopper Pumps market. Further, we conducted factor analysis using dependent and independent variables such as type and end users Chopper Pumps. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Chopper Pumps market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Chopper Pumps market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Chopper Pumps market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, drive type, and application in the global Chopper Pumps market.
The main objective of the Global Chopper Pumps Market Study
The current & future market trends of the global Chopper Pumps market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Q1: What is the current market size and growth potential of the global chopper pumps market?
Q2: What are the driving factors for the growth of the global chopper pumps market?
Q3: Which segment has the largest share of the global chopper pumps market by type?
Q4: What are the emerging technologies and trends in the global chopper pumps market?
Q5: Which region will dominate the global chopper pumps market?
Q6: Who are the key players operating in the global chopper pumps market?
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