Japan Industrial Pumps Market Size & Outlook, 2023-2030
Japan industrial pumps market, 2018-2030 (US$M)
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Japan industrial pumps market highlights
- The Japan industrial pumps market generated a revenue of USD 2,967.4 million in 2023 and is expected to reach USD 4,009.0 million by 2030.
- The Japan market is expected to grow at a CAGR of 4.4% 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.
Industrial pumps market data book summary
| Market revenue in 2023 | USD 2,967.4 million |
| Market revenue in 2030 | USD 4,009.0 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Centrifugal pump |
| Fastest growing segment | Positive Displacement Pump |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Japan accounted for 6.8% of the global industrial pumps market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China industrial pumps market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,655.4 million by 2030.
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Industrial Pumps Market Scope
Industrial Pumps Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 61.61% in 2023. Horizon Databook has segmented the Japan industrial pumps market based on centrifugal pump, positive displacement pump covering the revenue growth of each sub-segment from 2018 to 2030.
Japan is one of the highly developed countries in the world. Some of the key industries contributing to the country’s economy include manufacturing, construction, automotive, machinery, textiles, and chemicals. However, the outbreak of COVID-19 pandemic is expected to take a toll on the country’s economic growth.
According to the IMF, the GDP growth of the country declined by 4.8% in 2020. However, the GDP growth was 2.1% in 2021 and is expected to be 3.2% in 2022. Furthermore, the vaccination rate is rising in the country and the spread of the virus is contained, which has facilitated the reopening of several end-use industries such as automotive, manufacturing, construction, machinery, textiles, and chemicals from the end of 2020.
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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 country-level data and insights on the Japan industrial pumps market , including forecasts for subscribers. This country databook contains high-level insights into Japan industrial pumps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan industrial pumps market size, by product, 2018-2030 (US$M)
Japan Industrial Pumps Market Outlook Share, 2023 & 2030 (US$M)
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