The sales of chopper pumps enjoying Y-o-Y growth of 4.5% in 2022, the market is expected to reach US$ 818.4 Mn by the end of the year. Going forward, the global chopper pumps market is anticipated to reach a valuation of US$ 1.21 Bn by 2030, expanding at a CAGR of 5% (2022-2030).
Chopper pumps accounted for 26% share of the global centrifugal pumps market in 2020. Chopper pump demand is increasing due to its increasing use in sewage and wastewater treatment applications.
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.
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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.
“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.
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Key Takeaways from the Global Chopper Pumps Market Study
- In terms of outlet diameter, the 100-150 mm segment is the most sought after, accounting for 2/5th of the global chopper pumps market share
- Sewage and wastewater treatment will account for 70% of chopper pumps applications throughout the forecast period
- Boosting torque and drive efficiencies are the key focus areas for chopper pump manufacturers, with a view to enhance output efficiency
- Asia-Pacific is slated to promise lucrative prospects for deeper penetration of chopper pumps in the regional setting
Global Chopper Pumps Market- Key Trends
- As pumping solutions leave behind a significant environmental footprint, manufacturers are investigating possibilities of designing ‘green’ pumps and ‘green’ systems. Regional players are therefore seeking to establish common protocols and a single market landscape to achieve this.
- The advent of smart water pumps is accelerating investments by leading manufacturers in technological advancements in the form of IoT and big data, heightening revenue prospects for chopper pumps
- Vertically configured chopper pumps are acquiring immense popularity due to their ergonomic design
- Continuous innovation in pumping solutions have significantly pushed up manufacturing costs, compelling market players to develop dynamic business models.
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Global Chopper Pumps Market- Region-wise Analysis
- Europe is the leading market for chopper pumps and shall account for 1/4th of the global market by 2030. The presence of a multitude of small and medium enterprises is accelerating chopper pumps production in the region
- Mushrooming agricultural, industrial and food processing landscape across the US and the UK is increasing the uptake of chopper pumps in these markets, providing ground for future expansion
- Asia-Pacific is set to emerge as the most profitable region. 70% of chopper pump demand is generated in China due to the proliferation of the paper and pulp industry
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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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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