Asia Pacific Mechanical Pump Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Stage (Single Stage and Multi Stage), Type (Positive Displacement and Centrifugal Pumps), and Application (Industrial, Commercial, and Residential)
Market Introduction
The Asia Pacific mechanical pump market is sub segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The region holds enormous growth potential for various businesses due to the presence of fast-growing countries such as China and India as well as developed countries such as Japan and Australia. The region has vast manufacturing sector, including industries such as chemicals, food & beverages, automobiles, textile, and healthcare. Further, government policies such as Make in India and Made in China 2025 promote the establishment of manufacturing plants to make the respective economies self-sufficient and capable of exporting surplus goods. Asia Pacific represents one of the leading markets for mechanical pump. The extensive use in water and wastewater treatment plants is the key factor driving market expansion. These pumps are small in size and work well with high-viscosity fluids; moreover, they can handle large differential pressure. Apart from this, the upgrading and renovation of oil and gas exploration facilities in the region are likely to boost the prospects of the mechanical pump market. Furthermore, growing concerns about the region's limited water supplies have spurred governments, particularly China and India, to upgrade wastewater treatment and recycling processes. The strong presence of automotive sector along with the rising deployment of passenger cars and commercial vehicles are propelling the growth of the mechanical pump market in Asia Pacific. Developments in the economies of China and India and increase in disposable income of population in countries such as South Korea and Japan have accelerated the growth of the automotive sector in these countries. India produced 3,394,446 vehicles in 2020, while China was the largest vehicle producing country across the world with the production of 25,225,242 units of passenger cars and commercial vehicles in the same year. Moreover, the rising population growth rate, coupled with increasing industrialization and urbanization, is projected to boost the demand for energy in Asia Pacific in the coming years. Energy needs of several Asia Pacific countries are majorly sufficed by coal-powered power plants; however, to curtail the carbon emission levels, governments in the region are increasingly deploying natural gas-powered power plant and nuclear power plants.
Asia Pacific has several developing countries, a high industrial presence, and a positive economic outlook. The increasing urbanization and industrialization in these countries are presenting ample growth opportunities to the mechanical pump market players. The rising use of enhanced technologies, growing adoption of the Industrial Internet of Things (IIoT) across various industrial facilities, surge in safety mandates in developing countries, such as India, Japan, and China, are propelling the adoption of mechanical pumps in the region. The COVID-19 outbreak has halted the entire manufacturing sector, causing major supply chain disruptions. As a result, the shortage of raw materials required to manufacture mechanical pumps is expected to worsen, as the key raw material suppliers are in China and Taiwan. The trade war between the US and China has hampered the trade of raw materials and the demand for mechanical pumps. Further, the scarcity of raw materials has increased their prices, resulting in high mechanical pump manufacturing costs. However, the Asia Pacific market need for mechanical pumps has been driven by the rising demand for power generation in growing economies like India, Japan, and Indonesia. The increased usage of the Internet of Things, which allows mechanical pumps to monitor, analyze, and boost productivity, will positively impact market growth.
Market Overview and Dynamics
The mechanical pump market in Asia Pacific is expected to grow from US$ 19,309.80 million in 2021 to US$ 29,820.20 million by 2028; it is estimated to grow at a CAGR of 6.4% from 2021 to 2028. Adoption of modern farming practices; conventional farming methods are likely to fall insufficient to meet the consequently rising food demands as environmental or climatic uncertainties influence the outcomes of these methods. Modern farming practices such as vertical farming are capable of producing more yield in smaller spaces, along with using 90% less water than conventional farming practices. Moreover, growing mass awareness about the long-term effects of pesticides used in conventional farming practices has propelled the demand for organic food produce. Vertical farming uses a controlled environment, and it can be employed to grow fruits, vegetables, and species organically. Mechanical pump are widely used for circulating the water in vertical farming. Thus, the increasing adoption of vertical farming practices owing to the surging demand for organic food is anticipated to bolster the Asia Pacific mechanical pump market in the coming years.
Key Market Segments
Based on stage, the mechanical pump market is segmented into single stage and multistage. In 2020, the single stage segment held the largest share Asia Pacific mechanical pump market. Based on type, the mechanical pump market is categorized into positive displacement and centrifugal pumps. In 2020, the centrifugal pumps segment held the largest share Asia Pacific mechanical pump market. Based on application, the mechanical pump market is segmented into residential, commercial, and industrial. In 2020, the industrial segment held the largest share Asia Pacific mechanical pump market.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the mechanical pump market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are EBARA CORPORATION; Grundfos Holding A/S; KIRLOSKAR BROTHERS LIMITED; KSB SE & Co. KGaA; PLEUGER INDUSTRIES; Sulzer Ltd; The Weir Group PLC; Tsurumi Manufacturing Co., Ltd.; WILO SE; and Xylem Inc.; among others.
Reasons to buy report
- To understand the Asia Pacific mechanical pump market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacific mechanical pump market
- Efficiently plan M&A and partnership deals in Asia Pacific mechanical pump market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacific mechanical pump market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Asia Pacific region.
ASIA PACIFIC MECHANICAL PUMP MARKET SEGMENTATION
By Stage
- Single Stage
- Multi Stage
By Type
- Positive Displacement
- Centrifugal Pumps
By Application
- Residential
- Commercial
- Industrial
By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
Company Profiles
- EBARA CORPORATION
- Grundfos Holding A/S
- KIRLOSKAR BROTHERS LIMITED
- KSB SE & Co. KGaA
- PLEUGER INDUSTRIES
- Sulzer Ltd
- The Weir Group PLC
- Tsurumi Manufacturing Co., Ltd.
- WILO SE
- Xylem Inc.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Mechanical Pump Market – By Stage
1.3.2 APAC Mechanical Pump Market – By Type
1.3.3 APAC Mechanical Pump Market – By Application
1.3.4 APAC Mechanical Pump Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Mechanical Pump Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Asia-Pacific PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Mechanical Pump Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Mining Activities
5.1.2 Growing Energy Demands
5.2 Market Restraints
5.2.1 Cavitation in Pumps
5.3 Market Opportunities
5.3.1 Rise in Construction Sector
5.4 Future Trends
5.4.1 Adoption of Modern Farming Practices
5.5 Impact Analysis of Drivers and Restraints
6. Mechanical Pump Market – APAC Analysis
6.1 Mechanical Pump Market APAC Overview
6.2 APAC Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
7. APAC Mechanical Pump Market Analysis – By Stage
7.1 Overview
7.2 APAC Mechanical Pump Market, By Stage (2020 and 2028)
7.3 Single Stage
7.3.1 Overview
7.3.2 Single Stage: APAC Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Multi Stage
7.4.1 Overview
7.4.2 Multi Stage: APAC Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
8. APAC Mechanical Pump Market Analysis – By Type
8.1 Overview
8.2 APAC Mechanical Pump Market, By Type (2020 and 2028)
8.3 Positive Displacement
8.3.1 Overview
8.3.2 Positive Displacement: APAC Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Centrifugal Pumps
8.4.1 Overview
8.4.2 Centrifugal Pumps: APAC Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
9. APAC Mechanical Pump Market Analysis – By Application
9.1 Overview
9.2 APAC Mechanical Pump Market Breakdown, by Application, 2020 & 2028
9.3 Industrial
9.3.1 Overview
9.3.2 Industrial: APAC Mechanical Pump Market Revenue and Forecast to 2028 (US$ Million)
9.4 Commercial
9.4.1 Overview
9.4.2 Commercial: APAC Mechanical Pump Market Revenue and Forecast to 2028 (US$ Million)
9.5 Residential
9.5.1 Overview
9.5.2 Residential: APAC Mechanical Pump Market Revenue and Forecast to 2028 (US$ Million)
10. APAC Mechanical Pump Market – Country Analysis
10.1 APAC: Mechanical Pump Market
10.1.1 APAC: Mechanical Pump Market, by Key Country
10.1.1.1 Australia: Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: Mechanical Pump Market, by Stage
10.1.1.1.2 Australia: Mechanical Pump Market, by Type
10.1.1.1.3 Australia: Mechanical Pump Market, by Application
10.1.1.2 China: Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 China: Mechanical Pump Market, by Stage
10.1.1.2.2 China: Mechanical Pump Market, by Type
10.1.1.2.3 China: Mechanical Pump Market, by Application
10.1.1.3 India: Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Mechanical Pump Market, by Stage
10.1.1.3.2 India: Mechanical Pump Market, by Type
10.1.1.3.3 India: Mechanical Pump Market, by Application
10.1.1.4 Japan: Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: Mechanical Pump Market, by Stage
10.1.1.4.2 Japan: Mechanical Pump Market, by Type
10.1.1.4.3 Japan: Mechanical Pump Market, by Application
10.1.1.5 South Korea: Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Mechanical Pump Market, by Stage
10.1.1.5.2 South Korea: Mechanical Pump Market, by Type
10.1.1.5.3 South Korea: Mechanical Pump Market, by Application
10.1.1.6 Rest of APAC: Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of APAC: Mechanical Pump Market, by Stage
10.1.1.6.2 Rest of APAC: Mechanical Pump Market, by Type
10.1.1.6.3 Rest of APAC: Mechanical Pump Market, by Application
11. Impact of COVID-19 Pandemic on APAC Mechanical Pump Market
11.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 EBARA CORPORATION
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Grundfos Holding A/S
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 KIRLOSKAR BROTHERS LIMITED
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 KSB
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 PLEUGER INDUSTRIES
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Sulzer Ltd
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 The Weir Group PLC
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Tsurumi Manufacturing Co., Ltd.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 WILO SE
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Xylem Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. APAC Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. APAC Mechanical Pump Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 3. Australia: Mechanical Pump Market, by Stage – Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Mechanical Pump Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia: Mechanical Pump Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Mechanical Pump Market, by Stage – Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Mechanical Pump Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. China: Mechanical Pump Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. India: Mechanical Pump Market, by Stage – Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Mechanical Pump Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. India: Mechanical Pump Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan: Mechanical Pump Market, by Stage – Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan: Mechanical Pump Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Japan: Mechanical Pump Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea: Mechanical Pump Market, by Stage – Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea: Mechanical Pump Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. South Korea: Mechanical Pump Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of APAC: Mechanical Pump Market, by Stage – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of APAC: Mechanical Pump Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of APAC: Mechanical Pump Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 21. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Mechanical Pump Market Segmentation
Figure 2. APAC Mechanical Pump Market Segmentation – By Country
Figure 3. APAC Mechanical Pump Market Overview
Figure 4. Single Stage Segment Held the Largest Market Share Based on Stage
Figure 5. Centrifugal Pumps Segment Held the Largest Market Share Based on Type
Figure 6. Industrial Segment Held the Largest Market Share Based on Application
Figure 7. China to Show Great Traction During Forecast Period
Figure 8. Asia-Pacific – Pest Analysis
Figure 9. Expert Opinion
Figure 10. APAC Mechanical Pump Market: Impact Analysis of Drivers and Restraints
Figure 11. APAC Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. APAC Mechanical Pump Market Revenue Share, by Stage (2020 and 2028)
Figure 13. Single Stage: APAC Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Multi Stage: APAC Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC Mechanical Pump Market Revenue Share, by Type (2020 and 2028)
Figure 16. Positive Displacement: APAC Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Centrifugal Pumps: APAC Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Mechanical Pump Market Breakdown, by Application (2020 and 2028)
Figure 19. Industrial: APAC Mechanical Pump Market Revenue and Forecast to 2028(US$ Million)
Figure 20. Commercial: APAC Mechanical Pump Market Revenue and Forecast to 2028(US$ Million)
Figure 21. Residential: APAC Mechanical Pump Market Revenue and Forecast to 2028(US$ Million)
Figure 22. APAC: Mechanical Pump Market – Revenue by Country to 2028 (US$ Million)
Figure 23. APAC: Mechanical Pump Market Revenue Share, by Key Country (2020 and 2028)
Figure 24. Australia: Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. China: Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. India: Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Japan: Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. South Korea: Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of APAC: Mechanical Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- EBARA CORPORATION
- Grundfos Holding A/S
- KIRLOSKAR BROTHERS LIMITED
- KSB SE & Co. KGaA
- PLEUGER INDUSTRIES
- Sulzer Ltd
- The Weir Group PLC
- Tsurumi Manufacturing Co., Ltd.
- WILO SE
- Xylem Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific Mechanical Pump Market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific Mechanical Pump Market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Mechanical Pump Market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution