A slurry pump is a mechanical device that increases the energy of a solid liquid mixture medium through centrifugal force. It converts electrical energy into kinetic and potential energy of the medium and is mainly used in industries such as mining, power plants, dredging, metallurgy, chemical engineering, building materials, and petroleum.

Overview of Market Development

According to our research data, the estimated global slurry pump market size in 2024 is $909 million, an increase of 3.81% compared to 2023, and the market is showing a steady growth trend. This growth is mainly driven by multiple factors: firstly, the global increase in environmental awareness and strengthening of environmental policies have promoted the development of the slurry pump industry; Secondly, the products and technologies in the slurry pump industry are constantly updated, improving product performance and making the industry's development more stable; Thirdly, the development of new urbanization and marine economy has brought new growth points to the slurry pump industry.

In the coming years, with the sustained development of the global economy and the increasing demand in emerging fields, the slurry pump market will face more opportunities and challenges, and it is expected that the market will maintain a steady growth trend. By 2029, the global slurry pump market size may increase to $1113 million.

Segmented Market Analysis

From the perspective of product types, slurry pumps can usually be divided into two types based on their structural forms: horizontal and vertical. Among them, horizontal slurry pumps occupy a larger market share, estimated at 56.32% in 2024.

From the perspective of downstream application patterns, the application of slurry pumps involves multiple fields such as mining, chemical, papermaking, metallurgical, construction, and power generation. Among them, the mining industry is the largest downstream application market, with an estimated application share of 28.14% in 2024.

Source: www.globalmarketmonitor.com

Market Competition Pattern

From the perspective of market competition, the concentration of the global slurry pump market is moderate. Data shows that the total revenue of the slurry pump market for the top 3 companies in 2023 is $267 million, with a total revenue share of 30.50%. The top three companies were KSB, Weir, and Metso Minerals. In 2023, the revenue share of these three slurry pump markets in the global market was 11.99%, 9.58%, and 8.93%, respectively.

Companies	Market Revenue (Million USD)	Market Share
KSB	1.05	11.99%
Weir	0.84	9.58%
Metso Minerals	0.78	8.93%
Top3 Companies	2.67	30.50%