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Asia Pacific Industrial Pumps Market

Market Insights on Asia Pacific Industrial Pumps covering sales outlook, demand forecast & up-to-date key trends

Asia Pacific Industrial Pumps Market by Product Type, Drive Mechanism, End Use & Region - Forecast 2022 - 2032

Asia Pacific Industrial Pumps Market Snapshot (2022-2032)

The Asia Pacific Industrial Pumps market share is projected to reach US$ 39.3 Bn in 2032. The growing worldwide industrialization has been increasing the demand for the industrial pump.

According to FMI, the Asia Pacific Industrial Pumps market is estimated to be valued at US$ 24.8 Bn in 2022 and is projected to increase at a CAGR of 4.7% in the forecast period from 2022 to 2032.

Market Size (2021)

US$ 22.8 Bn

Market Size 2022

US$ 24.8 Bn

Market Size 2032

US$ 39.3 Bn

Value CAGR (2022-2032)

4.7%

Industrial pumps are made especially for heavy-duty industrial applications. Industrial pumps are used in many different industries and are crucial for transporting a variety of fluids like oil, chemical, food, beverages, slurries, and water from one place to another.

Any process or manufacturing facility needs effective pumping systems to run smoothly. Industrial pumps are employed in a wide range of industrial settings, including power and petrochemical plants, which directly support production and generating processes and frequently operate for extended periods. According to estimates, motor-driven machinery i.e. industrial pump makes up about 27% of all the energy used by all industries.

Industrial Pumps are mainly classified as centrifugal pumps which are also called roto-dynamic pumps and positive displacement pumps. Centrifugal pumps are creating sections by one or more rotating impellers, while Positive displacement pumps are consisting of a piston that pushes in and out of fluid for suction creation. Centrifugal pumps are of three types axial, mixed-flow, and radial types, and Positive displacement pumps include piston, screw, sliding vane, diaphragm, and rotary lobe types.

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Historic Market Outlook for Asia Pacific Industrial Pumps

The analysis of industrial pump demand from 2017 to 2021 showed a historical growth rate of less than 3.6% CAGR, with growing industrial sector expansion and development in various industries like chemicals, oil & gas, and other industry driving the market growth.

The significant drop-off due to the COVID-19 pandemic affects the global industrial sector like the food & beverages industry, construction industry, and other contact-intensive manufacturing industries. Barriers to the supply chain, lack of raw material, industry closing, and an obstacle to the sales network temporarily dashed growth expectations of the industrial pump market.

However, when infection curves started to flatten starting in 2022, industrial production activity resumed in significant markets. As a result, FMI’s Asia Pacific Industrial Pumps demand projection predicts a CAGR of 4.7% by 2032.

What are the Various Factors Driving the Asia Pacific Industrial Pumps Market?

The Asia Pacific region's improving economic conditions are anticipated to present great potential prospects for regional industrial pump manufacturers, as the manufacturing, construction, and energy sectors are predicted to experience significant expansion in the coming years.

The demand for industrial pumps in the Asia Pacific region is being driven by rising investments in infrastructure projects for buildings and water supplies, as well as by a steady increase in the urbanization and industrialization. The growing number of industries in the countries like India, Australia, and New Zealand in the Asia Pacific region is creating opportunities for industrial pump manufacturers to grow. sectors like mining, pulp, and paper production, food, and beverage manufacturing, and power generation, as well as end-use industries like chemical, Oil & gas, and wastewater treatment facilities, this has led to an increase in the use of industrial pumps.

However, growing urbanization and rising demand for these types of industrial applications and operations will continue the growth of the Asia Pacific Industrial Pumps market's growth trajectory.

Nikhil Kaitwade
Nikhil Kaitwade
Principal Consultant
LinkedIn
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Which Factors May Hinder the Asia Pacific Industrial Pumps Market Growth?

Stringent government regulations about the environment, are somewhat limiting the Asia Pacific Industrial Pumps market's growth. The number of industrial pumps used in various industries has different horsepower, liquid discharge capacity, and efficiency which depend upon plant capacity. This pump is regularly active at the plant site on continuous process plant, due to which there is continuous carbon emission is occurring at that region for that respective operation.

Most of the industrial pumps which are engine driven are runs off with the use of gasoline or diesel. Due to this fuel system, the pump is led to emit harmful emissions throughout its running time. This may lead to adverse action on environmental bodies around the industry. This factor may hinder the industrial pump market to grow.

Furthermore, Industrial pumps either engine-driven or electric-driven is required regular and time-to-time maintenance for their smooth and continuous operation. However, heavy-duty pumps or say, pumps of more efficiency is required more maintenance sometimes for efficient and secure operations. This factor can also hamper the industrial pump market to grow.

What is the Regional Analysis of the Asia Pacific Industrial Pumps Market?

Geographically, the market is sub-segmented into fourteen countries namely India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Indonesia, Singapore, Philippines, Vietnam, Indonesia, and Thailand. Among all of these countries, China and Japan are among the top nations in terms of industrial and manufacturing output sectors, collectively accounting as a prominent contributor to the total industrial pump market in 2021.

However, India is expected to register the highest CAGR after China and Japan followed by South Korea. The growth in India is supported by the rise in industries and construction of big infrastructure projects along with the rise in water infrastructure with constant expansion of access to water supply in the country’s small villages and growing urban areas. This operation has led to an increment in using of industrial pumps across the country.

Similarly, the manufacturing sector is the backbone of the South Korean economy, 30% of its GDP is from the industrial sector of the country. The development of the heavy and chemical industry is consistently increasing in the country in the past few years. This growth in the manufacturing sector is lead to more consumption of industrial pumps in the country.

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Market Competition

Key players operating in the Asia Pacific Industrial Pumps market include Grundfos Holding A/S, Flowserve Corporation, Sulzer Ltd., Ebara Corporation, Kirloskar Brothers Limited, KSB SE & Co. KGaA, Pleuger Industries, The Weir Group PLC, Tsurumi Manufacturing Co., Ltd., WILO SE, Xylem Inc.

The Asia Pacific Industrial Pumps market is highly consolidated, with a limited number of large-scale vendors having the lion's share. The majority of companies in the industrial pump market invest a large amount of money in detailed research and development, mostly to create new and improved products. The primary strategies taken by the key players in the industrial pump market are product expansion and mergers and acquisitions.

They also engage in mergers and acquisitions and collaborations while obtaining regulatory permissions.

  • Sulzer extended its portfolio of clean water pumps with the launch of the SES and SKS ranges in January 2022. These new EN733 standard pumps are suitable for use in municipalities, water treatment facilities, and commercial and irrigation applications. With a robust cast iron casing and a choice of cast iron, stainless steel, or bronze impellers, the new units are supplied as a complete package, including the motor.
  • November 2021 - Ebara Corporation, along with a Japanese university, the Muroran Institute of Technology (MuroranIT), and Interstellar Technologies Inc. (IST), a Japanese New Space company, started the development of a turbo pump for a rocket that will launch an ultra-compact satellite into space.

Scope of the Report

Attribute

Details

Growth Rate

CAGR of 4.7% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2017-2021

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Units, and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis

Segments Covered

  • Product Type
  • Drive Mechanism
  • End Use
  • Countries

Region Covered

  • Asia Pacific

Key Countries Covered

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • ASEAN

Key Companies Profiled

  • Grundfos Holding A/S
  • Flowserve Corporation
  • Sulzer Ltd.
  • Ebara Corporation
  • Kirloskar Brothers Limited
  • KSB SE & Co. KGaA
  • Pleuger Industries
  • The Weir Group PLC.
  • Tsurumi Manufacturing Co., Ltd.
  • WILO SE
  • Xylem Inc.

Customization & Pricing

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Key Segments Profiled in the Industrial Pump Market Report

By Product Type, Industrial Pump Market is segmented as:

  • Centrifugal Pump
  • Reciprocating
  • Rotary
  • Others

By Drive Mechanism, Industrial Pump Market is segmented as:

  • Engine Driven
  • Electric Driven

By End Use, Industrial Pump Market is segmented as:

  • Oil & Gas
  • Chemicals
  • Power Generation
  • Water & Wastewater
  • General Industry

By Countries, Industrial Pump Market is segmented as:

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • ASEAN

Frequently Asked Questions

In 2021, the value of the Asia Pacific Industrial Pumps market reached over US$ 22.8 Bn.

During the forecast period, the Asia Pacific Industrial Pumps market is estimated to expand at a CAGR of 4.7% during 2022-2032.

The Asia Pacific Industrial Pumps market is projected to reach US$ 39.3 Bn by the end of 2032.

India is projected to lead the Asia Pacific Industrial Pumps market in the forecast period.

The key players operating in the Asia Pacific Industrial Pumps market are Grundfos Holding A/S, Flowserve Corporation, Sulzer Ltd., Ebara Corporation, Kirloskar Brothers Limited, KSB SE & Co. KGaA, Pleuger Industries, The Weir Group PLC, Tsurumi Manufacturing Co., Ltd., WILO SE, Xylem Inc.

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Nikhil Kaitwade
Principal Consultant
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Asia Pacific Industrial Pumps Market