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APAC Pumps Market Revenue to Cross $39 Bn by 2026

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According to the Graphical Research new growth forecast report titled “Asia Pacific Pumps Market Size By Technology (Diaphragm Pumps, Centrifugal Pumps), By Product (Stationary, Portable), By Position (Submersible, Non-submersible), By Driving Force (Electrical Driven, Engine Driven), By Application (Oil & Gas, Mining, Building & Construction, Municipal, Industrial),” to Surpass $39 Bn by 2026.

Strong demand from the growing oil & gas industry, rapid industrialization, and rising mining activities in the Asia Pacific are anticipated to drive market size.

Rapid Industrialisation to Drive the APAC Pumps Market Growth

Rapid industrial growth in the countries of Asia Pacific is likely to propel the pumps market as they are broadly used in a range of industries, including oil & gas, energy, mining, manufacturing, and others. The Asia Pacific has been accounted for around 40% of the industrial output market share owing to the overwhelming growth of the industrial sector in the past two decades. The sectors which have showcased considerable growth in the last decade include manufacturing, electronics, mining, and automotive. The readily available raw materials, lower labor prices, and upsurging commodities demand have majorly contributed to transforming the region into a manufacturing hub of the entire world.

In the Asia Pacific, China is the major GDP contributor to the world, followed by India, South Korea, Indonesia, and Malaysia, among others. According to the World Bank, the GDP of China was estimated to be USD 12.3 trillion in 2017, which is approximately 15% of the Global GDP. The GDP growth of the major countries can be ascribed to the high manufacturing and industrial operations, which are anticipated to stimulate the demand for industrial pumps.

Demand From Mining Industry to Drive APAC Pumps Market Size

The Asia Pacific region has been a major producer and consumer of coal due to their heavy reliance on coal as a fuel source. Even though the industry has strict regulations regarding carbon emissions but owing to easy availability and inexpensive nature, it is a key ingredient for power generation in the region. Additionally, countries like China and India heavily rely on thermal power for electricity generation, which creates the major demand for coal in the region. Since pumps are widely used for dewatering, washing, and cleaning operations at mining sites, the growing mining operations in the Asia Pacific are directly influencing the pumps market.

Some of the key manufacturers involved in the APAC pumps market include The Gorman-Rupp Company, Gardner Denver, Inc., Baker Hughes Company, Schlumberger, Grundfos, Ebara Corporation, Atlas Copco, Sulzer, Xylem Inc., Multiquip Inc., NOV Inc., and Pfeiffer Vacuum GmbH, among others.

APAC Pumps Market, By Technology

  • Diaphragm Pumps
  • Centrifugal Pumps

APAC Pumps Market, By Product

  • Stationary
  • Portable

Pumps Market, By Position

  • Submersible
  • Non-submersible

APAC Pumps Market, By Driving Force

  • Electrical Driven
  • Engine Driven

Pumps Market, By Application

  • Oil & Gas
  • Mining
  • Building & Construction
  • Municipal
  • Industrial

The above information is provided on a country basis for the following:

  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
    • Thailand
    • South Korea
    • Rest of Asia Pacific