Asia Pacific Industrial Pumps Market Size & Outlook
Asia Pacific industrial pumps market, 2018-2030 (US$M)
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Asia Pacific industrial pumps market highlights
- The Asia Pacific industrial pumps market generated a revenue of USD 20,075.6 million in 2023.
- The market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, centrifugal pump was the largest revenue generating product in 2023.
- Positive Displacement Pump is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 20,075.6 million |
| Market revenue in 2030 | USD 28,660.1 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Centrifugal pump |
| Fastest growing segment | Positive Displacement Pump |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Centrifugal Pump, Positive Displacement Pump |
| Key market players worldwide | Flowserve Corp, Sulzer AG, Pentair PLC, ITT Inc, Schlumberger Ltd, Ebara Corp, Weir Group PLC, Ingersoll Rand Inc, Grundfos |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 45.7% of the global industrial pumps market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 28,660.1 million by 2030.
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Industrial Pumps Market Scope
Industrial Pumps Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific industrial pumps market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial pumps market will help companies and investors design strategic landscapes.
Centrifugal pump was the largest segment with a revenue share of 66.86% in 2023. Horizon Databook has segmented the Asia Pacific industrial pumps market based on centrifugal pump, positive displacement pump covering the revenue growth of each sub-segment from 2018 to 2030.
Rapid industrialization in the developing economies of Asia Pacific coupled with rising investments in manufacturing, commercial, and industrial projects has contributed to the overall growth of the industrial pumps market in the region.
Furthermore, increased product penetration in various end-use industries including power generation, petrochemical, chemical, HVAC & refrigeration, and food & beverage is anticipated to complement market growth.
Asia Pacific is the fastest-growing region in the world, contributing to over two-thirds of global economic growth. However, due to COVID-19 outbreak, according to a report by the IMF, the GDP growth in Asia Pacific contracted by 1.3% in 2020. The region’s GDP growth was 6.5% in 2021 and is expected to be 5.7% in 2022.
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Our clientele includes a mix of industrial pumps market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific industrial pumps market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific industrial pumps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific industrial pumps market size, by country, 2018-2030 (US$M)
Asia Pacific Industrial Pumps Market Outlook Share, 2023 & 2030 (US$M)
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