At 6.6% CAGR, the Asia Pacific Chopper Pumps Market is Projected to be worth US$ 708.59 million by 2030, says Business Market Insights

According to Business Market Insights research, the Asia Pacific chopper pumps market was valued at US$ 424.44 million in 2022 and is expected to reach US$ 708.59 million by 2030, registering a CAGR of 6.6% from 2022 to 2030. Growing demand from biogas and oil & gas industries and augmented preference for customized products are among the critical factors attributed to the Asia Pacific chopper pumps market expansion.               

Chopper pumps can pump water and chop waste efficiently. Chopper pumps not only reduce clogging and blockage, but they are also beneficial for the entire biogas process. Owing to the decreased particle sizes, biomass conversion becomes simpler for the bacteria in the reactor. The operating range of chopper pumps is high; hence, they can substitute most types of displacement pumps. Chopper pumps have a minimal and strong construction and are convenient for servicing. Small foreign objects, such as sand, gravel, small shards of glass, and bones, can pass through the pump without causing damage and with slight wear. High chopping and pumping effectiveness owing to top suction systems and availability of chopper pumps in different lengths and double chopping systems are expected to provide growth opportunities for the Asia Pacific chopper pumps market in the biogas and oil & gas industry worldwide.  

On the contrary, high cost of maintenance hurdles the growth of Asia Pacific chopper pumps market.

Based on type, the Asia Pacific chopper pumps market is segmented into submersible chopper pump, cantilever chopper pump, vertical dry pit chopper pump, self-priming chopper pump, end suction chopper pump, and vertical wet well chopper pump. The submersible chopper pump segment held 31.5% share of Asia Pacific chopper pumps market in 2022, amassing US$ 133.54 million. It is projected to garner US$ 243.01 million by 2030 to expand at 7.8% CAGR during 2022–2030.

Based on end user, the Asia Pacific chopper pumps market is segmented into agriculture, food and beverages, water and wastewater treatment plant, chemical and petrochemical, and others. The water and wastewater treatment plant segment held 41.0% share of Asia Pacific chopper pumps market in 2022, amassing US$ 174.11 million. It is projected to garner US$ 286.56 million by 2030 to expand at 6.4% CAGR during 2022–2030.

Based on country, the Asia Pacific chopper pumps market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 46.0% share of Asia Pacific chopper pumps market in 2022. It was assessed at US$ 195.09 million in 2022 and is likely to hit US$ 334.46 million by 2030, exhibiting a CAGR of 7.0% during 2022–2030.  

Key players operating in the Asia Pacific chopper pumps market are Cri-Man SpA, Landia AS, Sulzer Ltd, T-T Pumps Ltd, Vaughan Co Inc, WAMGROUP SpA, and Xylem Inc, among others.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com