Dredge Pump Market

A dredge pump is a centrifugal pump used in the process of dredging. It is used to transport or move slurry from one area to another within the water body. The pump takes underwater sediments, or solid particles such as gravel, sand, rocks, mud, and other harmful materials from the surface floor into a suction pipe and then discharges it through a pipeline. Dredging is routinely done to clean the water bodies and to maintain or increase the depth of various navigation channels to ensure the safe passage of boats and ships. A dredge pump is used in various industries such as construction, marine, metallurgy, chemical industry, and manufacturing plants. There are three types of dredge pumps—horizontal dredge pumps, vertical dredge pumps, and submersible dredge pumps.

COVID-19 Impact Analysis

• COVID-19 pandemic has shut down the production of dredge pump attributed to the lockdown in countries worldwide this has hampered the growth of dredge pump from the last few months and is likely to grow in 2021.
• COVID-19 has already affected the sales of dredge pump in the second and third quarter of 2020 and is anticipated to grow in year 2021.
• The major demand for dredge pump was previously noticed from countries including the US Germany Italy UK and China which are negatively affected by the spread of the coronavirus thereby declining the demand for dredge pump.
• Further potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves dredge pump manufacturers can afford a full lockdown only for a few months after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID -19 health crisis.
• Dredge pump manufacturers are expected to focus on protecting their workforce operations and supply chains to respond to ward immediate crisis and find new ways of working after COVID -19 for instance provision of sanitizers maintaining social distancing as well as ensuring the vaccination of every employee in the company can assist in promoting the health and safety of the workforce.

Top Impacting Factors

Dredge pumps are used to remove solid material from water bodies and are hence extensively used in the marine industry. Dredge pumps are used with trailing suction hopper dredgers to maintain navigable waterways. These pumps are also used to drain water and wastewater. Draining or removal of water and wastewater generated in areas like the oil industry and municipal sector, and industrial processes involving the production of chemicals requires submersible dredge pumps. This is estimated to boost the growth of the dredge pump market. Submersible dredge pumps are used in petrochemical, agricultural production activities, power, light industry, mining, medicine, and sewage treatment sectors, which fosters the growth of the dredge pumps market. Increase in urbanization, rapid development of infrastructure, and rise in construction work in developing countries such as India, and China, foster the growth of the dredge pumps market.

Market trends

• Rise in urbanization, industrialization, and growing investments in constructional activities are projected to foster the growth of the dredge pump market in the Asia-Pacific region.

Key Benefits of the Report

• This study presents the analytical depiction of the dredge pump along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the dredge pump market share.
• The current market is quantitatively analyzed to highlight the dredge pump market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed dredge pump market analysis based on competitive intensity and how the competition will take shape in coming years

 Dredge Pump Market Report Highlights