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Asia Pacific Pumps Market Forecast 2027 By Driving Force (Engine Driven, Electrical Driven), By Product (Portable, Stationary), By Position (Submersible, Non-submersible), By Technology (Centrifugal Pumps, Diaphragm Pumps), By Application (Mining, Building & Construction, Oil & Gas, Industrial, Municipal), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: July 2021 | Publisher: Graphical Research Report ID: GR1617 | Delivery : PDF  Request Free Sample

Asia Pacific Pumps Market size exceeded USD 33 billion in 2020 and is poised to expand at over 4% CAGR between 2021 and 2027.

The market demand is driven by increasing in investment towards building and construction and water infrastructure as access to water supply and sanitation systems is expanded. This has led to increase in utilization of pumps across various end-use industries such as chemical, wastewater treatment plants, and general industries such as mining, pulp and paper manufacturing, food and beverages, and power generation. The awareness level of water reuse has increased in recent years, this is majorly attributed to decreasing level of ground water across the world, therefore boosting the deployment of pumps for establishment of water and wastewater infrastructure.

Asia Pacific Pumps Market Size, 2017 – 2027 (USD Billion)

Asia Pacific Pumps Market Size, 2017 – 2027 (USD Billion)

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Installation of new industrial plants and infrastructural developments in Asia coupled with technological advancements in the manufacturing of pumps with combination of 3D printing technology with computer modelling drives the Asia Pacific pumps market. Significant development in the construction industry along with industrial development in the developing economies of Asia Pacific is anticipated to play major roles in the industry growth.

The increase in number of COVID-19 cases and restriction on various activities has severely impacted the pumps market. A decline in consumption of pumps coupled with the restriction on the construction activities will hamper market growth. Lockdown situation and restrictions have led to social distancing measures at the manufacturing facilities, led to reduced production of pumps.

Asia Pacific Market, By Product

Among the various product segments, stationary pump segment dominated around 82% share in the overall market during 2020. Stationary pumps have the motor situated at above ground level, connected through a vertical shaft to the bottom of the pump. The pumps are driven by a diesel engine or by an AC electric induction motor through a right-angle drive. Growing industrial activities especially in Asia Pacific is anticipated to drive growth of these pumps. In addition, pumps are used in varied applications like municipal wastewater treatment plant, wastewater lift station, building wastewater treatment system, school, hospital, etc.

Asia Pacific Market, By Application

Asia Pacific Pumps Market Size, By Application, 2017 – 2027 (USD Billion)

Asia Pacific Pumps Market Size, By Application, 2017 – 2027 (USD Billion)

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The building & construction sector constituted 16% of the Asia Pacific pumps market share in 2020. Increasing population coupled and growth in industrial sector has significantly enhanced the global traffic leading to increasing construction activities of several buildings and flyovers.

Asia Pacific Market, By Position

Asia Pacific Pumps Market Size, By Position, (USD Billion)

Asia Pacific Pumps Market Size, By Position, (USD Billion)

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The non-submersible segment held a Asia Pacific pumps market share of over 63% in 2020. Non-submersible pumps are gaining popularity over submersible types owing to various properties including higher efficiency, lesser wear and tear, and easier maintenance. Non-submersible pumps are often used in homes and gardens to remove water and other fluids from ponds, pump sumps and irrigated areas. These pumps are useful for the clean-up of pools and ponds, where they can extract unwanted water before cleaning.

Asia Pacific Market, By Technology

On the basis of technology, dynamic pumps accounted 76% market share in 2020. Dynamic pumps category majorly includes centrifugal pumps, which are used in many applications such as oil & gas, water treatment, dewatering, mining, and construction. They are employed to pump water supplies in buildings and other applications and are well-suited with pneumatic systems.

Asia Pacific Market, By Country

China pumps market revenue is predicted to surge significantly during the forecast period, owing to the elevated level of manufacturing activities in the country. Japan, India, and South Korea follow China. Other countries, including Vietnam, Thailand, Malaysia, and Singapore are also witnessing strong industrial growth.

Competitive Industry Landscape

Some of the major players in the market include Grundfos, Ebara corp. Sulzer Ltd., Xylem, KSB, Baker Hughes A GE Company, Gardner Denver, Flowserve Corp, and others.

Frequently Asked Question(FAQ) :

The market size for pumps in Asia Pacific was surpassed USD 33 billion in 2020 and will grow at a CAGR of 4% from 2021 to 2027.
Stationary pumps recorded 82% of the market share in 2020 and will depict substantial growth owing to the increasing industrial activities in the APAC.
Building & construction sector accounted for 16% of the industry revenue in 2020 and will register considerable growth owing to the surging construction activities of numerous buildings and flyovers.
Non-submersible pumps contributed 63% to the Asia Pacific industry value in 2020 and will grow due to their numerous properties, comprising easier maintenance, lesser wear and tear, and higher efficiency.

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