Market Trends of Asia-Pacific Industrial Pumps Industry
This section covers the major market trends shaping the APAC Industrial Pumps Market according to our research experts:
Centrifugal Segment to Hold Significant Market Share
- Centrifugal pumps are hydraulically operated machines, and their primary purpose is to transfer fluids through increased pressure. Centrifugal pumps are currently used across many domestic and industrial processes. Different types of centrifugal pumps are required to effectively meet pumping requirements, from supplying the water used in residential buildings to industrial applications like food, beverage, and chemical manufacturing.
- A typical centrifugal pump setup comprises one or more impellers attached to a rotary pump shaft. This arrangement provides the energy required to conduct fluid through the pump system and the associated piping. Centrifugal pumps can be further classified into Single-stage or multistage, depending on the number of impellers present within their setup.
- Increasing mining activities in the Asia Pacific region is a crucial factor driving the demand for centrifugal pumps. Mining activities like transportation of ore and waste in slurries and suspension, separation of minerals using chemical processes, controlling temperature via cooling systems around power generators, suppression of dust during mineral processing, and dewatering of mines require enormous volumes of water. Centrifugal pumps play an integral role in these applications.
- Moreover, with the increasing rate of industrialization and urbanization, coupled with the growing need for energy, the demand for minerals is expected to rise significantly in the years ahead, which would fuel the adoption of centrifugal pumps in the Asia Pacific region.
- In December 2021, Grundfos announced the launch of its new generation of large CR pumps, a range of vertical multistage centrifugal inline pumps, in India. This new large range of CRs brings an increased maximum water flow of up to 320 m3/h and is suitable for various water supply and water treatment applications.
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China Market to Grow Significantly
- The Chinese industrial pumps market is witnessing a significant growth driven by infrastructure development in related processing industries and many large construction project launches. The robust investments into infrastructure in China are expected to aid the increase of industrial output, driving the growth of industrial pumps.
- For instance, in June 2021, China launched two units of a massive hydropower station in the country's southwest, which is also assumed to be the world's largest hydropower project. The project is under construction and costs about USD 34 billion.
- Further, the growth of the food and beverage industry due to the increasing population in China is also accelerating the demand for industrial pumps. For instance, in 2021, major beverage producers saw their output rise by 12% year-on-year to over 183 million metric tons, according to the Ministry of Industry and Information Technology.
- Industrial pumps are used across the food and beverage industries to transfer, mix and dose fluid and semi-fluid substances in processing and production applications. These pumps are manufactured from food-grade materials and have smooth surfaces to prevent contamination from food and bacteria buildup.
- Further, in July 2021, Hefei Ebara Precision Machinery Co. Ltd. (HEPM) officially opened its new vacuum pump overhaul facility in Hefei, China, after an investment of CNY 94.8 million.
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