PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515480
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515480
Asia Pacific Industrial Pump Market, By Product Type, By Drive Mechanism, By End-User, By Country - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
REPORT HIGHLIGHT
Asia Pacific Industrial Pump Market was valued at USD 23,897.23 million in 2023, expanding at a CAGR of 4.67% from 2024 to 2032.
An industrial pump is a device that converts the mechanical energy it receives from electric, thermal, or other types of motors into hydraulic energy, which is then transferred to a fluid. This hydraulic energy enables the fluid to be transported from one location to another, regardless of the level or elevation. Industrial pumps play a crucial role in ensuring efficient operations across various sectors such as agriculture, manufacturing, mining, and municipal services. These versatile machines effectively handle fluids in a wide range of applications, enhancing productivity and safety. Additionally, industrial sump pumps are indispensable for managing water in basements, pits, and other areas prone to flooding. They also safeguard facilities from water-related damages and operational disruptions.
Asia Pacific Industrial Pump Market- Market Dynamics
The Asia Pacific Industrial Pump Market is expected to experience growth due to the rising investments in building and construction as well as water infrastructure
The rapid urbanization in nations such as China, India, and Southeast Asian countries is driving the need for residential, commercial, and industrial construction. To comply with environmental regulations and sustain operations, industries are seeking efficient water management solutions, leading to an increased demand for pumps in water treatment and distribution. As per the China Construction Industry Report, the construction sector in China is projected to expand by 7.4% and reach CNY 9,137 billion by 2024. The establishment of new infrastructure is a key element of China's 14th Five-Year Plan (FYP), which outlines the country's economic direction from 2021 to 2025. Additionally, the adoption of cutting-edge pumping technologies such as IoT-enabled pumps, smart pumps, and energy-efficient models offers growth opportunities in the market. Nevertheless, the high initial cost could hinder market expansion.
Asia Pacific Industrial Pump Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 4.67% over the forecast period (2024-2032)
Based on Product Type segmentation, Centrifugal Pump was predicted to show maximum market share in the year 2023
Based on countries, China was the leading revenue generator in 2023
Asia Pacific Industrial Pump Market- Segmentation Analysis:
The Asia Pacific Industrial Pump Market is segmented based on Product Type, Drive Mechanism, End-User, and Country.
The market is categorized into three segments according to the type of product: Centrifugal Pump, Reciprocating, Rotary, and Others. The dominant force in the market is the Centrifugal Pump. These pumps are extensively utilized due to their efficiency, versatility, and capability to handle various types of fluids.
The market is segmented into two categories according to Drive Mechanism: Engine Driven and Electric Driven. Prominent industrial pump manufacturers in the Asia Pacific provide customized solutions for regional market requirements and specific industry needs, offering both engine-driven and electric-driven options.
The Asia Pacific industrial pump market is influenced by the distinct requirements of various end-user sectors, namely Oil & Gas, Chemicals, Power Generation, Water & Wastewater, and General Industry. This market segmentation fosters the development of innovative and specialized pumping solutions, enabling the fulfilment of specific operational hurdles and regulatory obligations throughout the region.
Asia Pacific Industrial Pump Market- Geographical Insights
The Asia Pacific Industrial Pump market analysis encompasses several countries, including India, China, South Korea, Japan, Australia, Thailand, Indonesia, and the Philippines, as well as the rest of the Asia Pacific region (APAC). Among these countries, China holds the largest market share in the Industrial Pump industry. The demand for industrial pumps in China has experienced a significant increase due to the country's ongoing expansion and modernization of its manufacturing capabilities. A crucial factor contributing to the importance of industrial pumps in China's manufacturing sector is their role in optimizing processes. By reducing manual labor, minimizing downtime, and improving precision in fluid handling, industrial pumps effectively streamline operations.
Asia Pacific Industrial Pump Market- Competitive Landscape:
To stay competitive, key players in the Asia Pacific Industrial Pump market employ diverse strategic approaches. These companies are dedicating resources to research and development to create cutting-edge pump technologies, including energy-efficient pumps, smart pumps equipped with IoT capabilities, and materials that enhance durability and performance. By investing in sustainable pump technologies and practices, companies can gain a competitive advantage, as industries are placing greater emphasis on environmental stewardship. Additionally, certain companies concentrate their efforts on specific countries or regions within the Asia Pacific, leveraging their established market presence and customer relationships.
Recent Developments:
On March 24, 2022, Flowserve Corporation, a prominent supplier of flow control solutions for the worldwide infrastructure sectors, disclosed its recent collaboration with Gradiant through a non-exclusive partnership agreement. This strategic alliance aims to tackle the most complex issues in water and wastewater treatment.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
ASIA PACIFIC INDUSTRIAL PUMP MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT
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.
ASIA PACIFIC INDUSTRIAL PUMP MARKET, BY PRODUCT TYPE - MARKET ANALYSIS, 2019 - 2032
Centrifugal Pump
Reciprocating
Rotary
Others
ASIA PACIFIC INDUSTRIAL PUMP MARKET, BY DRIVE MECHANISM- MARKET ANALYSIS, 2019 - 2032
Engine Driven
Electric Driven
ASIA PACIFIC INDUSTRIAL PUMP MARKET, BY END-USER - MARKET ANALYSIS, 2019 - 2032
Oil & Gas
Chemicals
Power Generation
Water & Wastewater
General Industry
ASIA PACIFIC INDUSTRIAL PUMP MARKET, BY COUNTRY- MARKET ANALYSIS, 2019 - 2032
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Table of Contents
1. Asia Pacific Industrial Pump Market Overview
- 1.1. Study Scope
- 1.2. Market Estimation Years
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Asia Pacific Industrial Pump Market Snippet by Product Type
- 2.1.2. Asia Pacific Industrial Pump Market Snippet by Drive Mechanism
- 2.1.3. Asia Pacific Industrial Pump Market Snippet by End-User
- 2.1.4. Asia Pacific Industrial Pump Market Snippet by Country
- 2.2. Competitive Insights
3. Asia Pacific Industrial Pump Key Market Trends
- 3.1. Asia Pacific Industrial Pump Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Asia Pacific Industrial Pump Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Asia Pacific Industrial Pump Market Opportunities
- 3.4. Asia Pacific Industrial Pump Market Future Trends
4. Asia Pacific Industrial Pump Industry Study
- 4.1. PEST Analysis
- 4.2. Porter's Five Forces Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. Asia Pacific Industrial Pump Market: COVID-19 Impact Analysis
- 5.1. Pre-COVID-19 Impact Analysis
- 5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments
6. Asia Pacific Industrial Pump Market Landscape
- 6.1. Asia Pacific Industrial Pump Market Share Analysis, 2023
- 6.2. Breakdown Data, by Key Manufacturer
- 6.2.1. Established Players' Analysis
- 6.2.2. Emerging Players' Analysis
7. Asia Pacific Industrial Pump Market - By Product Type
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By Product Type, 2023 & 2032 (%)
- 7.1.2. Centrifugal Pump
- 7.1.3. Reciprocating
- 7.1.4. Rotary
- 7.1.5. Others
8. Asia Pacific Industrial Pump Market - By Drive Mechanism
- 8.1. Overview
- 8.1.1. Segment Share Analysis, By Drive Mechanism, 2023 & 2032 (%)
- 8.1.2. Engine Driven
- 8.1.3. Electric Driven
9. Asia Pacific Industrial Pump Market - By End-User
- 9.1. Overview
- 9.1.1. Segment Share Analysis, By End-User, 2023 & 2032 (%)
- 9.1.2. Oil & Gas
- 9.1.3. Chemicals
- 9.1.4. Power Generation
- 9.1.5. Water & Wastewater
- 9.1.6. General Industry
10. Asia Pacific Industrial Pump Market- By Geography
- 10.1. Introduction
- 10.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
- 10.2. Asia Pacific (APAC)
- 10.2.1. Overview
- 10.2.2. Asia Pacific Industrial Pump Key Manufacturers in Asia Pacific
- 10.2.3. Asia Pacific Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 10.2.4. Asia Pacific Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 10.2.5. Asia Pacific Market Size and Forecast, By Drive Mechanism, 2019 - 2032 (US$ Million)
- 10.2.6. Asia Pacific Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.7. India
- 10.2.7.1. Overview
- 10.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.7.3. India Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 10.2.7.4. India Market Size and Forecast, By Drive Mechanism, 2019 - 2032 (US$ Million)
- 10.2.7.5. India Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.8. China
- 10.2.8.1. Overview
- 10.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.8.3. China Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 10.2.8.4. China Market Size and Forecast, By Drive Mechanism, 2019 - 2032 (US$ Million)
- 10.2.8.5. China Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.9. Japan
- 10.2.9.1. Overview
- 10.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.9.3. Japan Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 10.2.9.4. Japan Market Size and Forecast, By Drive Mechanism, 2019 - 2032 (US$ Million)
- 10.2.9.5. Japan Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.10. South Korea
- 10.2.10.1. Overview
- 10.2.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.10.3. South Korea Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 10.2.10.4. South Korea Market Size and Forecast, By Drive Mechanism, 2019 - 2032 (US$ Million)
- 10.2.10.5. South Korea Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.11. Australia
- 10.2.11.1. Overview
- 10.2.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.11.3. Australia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 10.2.11.4. Australia Market Size and Forecast, By Drive Mechanism, 2019 - 2032 (US$ Million)
- 10.2.11.5. Australia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.12. Thailand
- 10.2.12.1. Overview
- 10.2.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.12.3. Thailand Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 10.2.12.4. Thailand Market Size and Forecast, By Drive Mechanism, 2019 - 2032 (US$ Million)
- 10.2.12.5. Thailand Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.13. Indonesia
- 10.2.13.1. Overview
- 10.2.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.13.3. Indonesia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 10.2.13.4. Indonesia Market Size and Forecast, By Drive Mechanism, 2019 - 2032 (US$ Million)
- 10.2.13.5. Indonesia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.14. Philippines
- 10.2.14.1. Overview
- 10.2.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.14.3. Philippines Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 10.2.14.4. Philippines Market Size and Forecast, By Drive Mechanism, 2019 - 2032 (US$ Million)
- 10.2.14.5. Philippines Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 10.2.15. Rest of APAC
- 10.2.15.1. Overview
- 10.2.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 10.2.15.3. Rest of APAC Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
- 10.2.15.4. Rest of APAC Market Size and Forecast, By Drive Mechanism, 2019 - 2032 (US$ Million)
- 10.2.15.5. Rest of APAC Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
11. Key Vendor Analysis- Asia Pacific Industrial Pump Industry
- 11.1. Competitive Dashboard
- 11.2. Company Profiles
- 11.2.1. Grundfos Holding A/S
- 11.2.2. Flowserve Corporation
- 11.2.3. Sulzer Ltd
- 11.2.4. Ebara Corporation
- 11.2.5. Kirloskar Brothers Limited
- 11.2.6. KSB SE & Co. KGaA
- 11.2.7. Pleuger Industries
- 11.2.8. The Weir Group PLC.
- 11.2.9. Tsurumi Manufacturing Co., Ltd.
- 11.2.10. WILO SE
- 11.2.11. Xylem Inc.
- 11.2.12. Others
12. 360 Degree Analyst View
13. Appendix
- 13.1. Research Methodology
- 13.2. References
- 13.3. Abbreviations
- 13.4. Disclaimer
- 13.5. Contact Us
List of Tables
- TABLE List of data sources
- TABLE Market drivers; Impact Analysis
- TABLE Market restraints; Impact Analysis
- TABLE Asia Pacific Industrial Pump Market: Product Type Snapshot (2023)
- TABLE Segment Dashboard; Definition and Scope, by Product Type
- TABLE Asia Pacific Industrial Pump Market, by Product Type 2019-2032 (USD Million)
- TABLE Asia Pacific Industrial Pump Market: Drive Mechanism Snapshot (2023)
- TABLE Segment Dashboard; Definition and Scope, by Drive Mechanism
- TABLE Asia Pacific Industrial Pump Market, by Drive Mechanism 2019-2032 (USD Million)
- TABLE Asia Pacific Industrial Pump Market: End-User Snapshot (2023)
- TABLE Segment Dashboard; Definition and Scope, by End-User
- TABLE Asia Pacific Industrial Pump Market, by End-User 2019-2032 (USD Million)
- TABLE Asia Pacific Asia Pacific Industrial Pump Market, by Country, 2019-2032 (USD Million)
List of Figures
- FIGURE Asia Pacific Industrial Pump Market Segmentation
- FIGURE Market research methodology
- FIGURE Value chain analysis
- FIGURE Porter's Five Forces Analysis
- FIGURE Market Attractiveness Analysis
- FIGURE COVID-19 Impact Analysis
- FIGURE Pre & Post COVID-19 Impact Comparision Study
- FIGURE Competitive Landscape; Key company market share analysis, 2023
- FIGURE Product Type segment market share analysis, 2023 & 2032
- FIGURE Product Type segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Drive Mechanism segment market share analysis, 2023 & 2032
- FIGURE Drive Mechanism segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE End-User segment market share analysis, 2023 & 2032
- FIGURE End-User segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Asia Pacific Asia Pacific Industrial Pump Market share and leading players, 2023
- FIGURE Asia Pacific Asia Pacific Industrial Pump Market share analysis by country, 2023
- FIGURE India Asia Pacific Industrial Pump Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE China Asia Pacific Industrial Pump Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Japan Asia Pacific Industrial Pump Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE South Korea Asia Pacific Industrial Pump Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Australia Asia Pacific Industrial Pump Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Thailand Asia Pacific Industrial Pump Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Indonesia Asia Pacific Industrial Pump Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Philippines Asia Pacific Industrial Pump Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Rest of APAC Asia Pacific Industrial Pump Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
