Asia Pacific Centrifugal Pump Market Size Analysis Report - Market Share, Forecast Trends and Outlook (2024-2032)

Asia Pacific Centrifugal Pump Market Growth

The Asia Pacific accounts for approximately 10%-15% of the global demand for oil and gas (O&G), while simultaneously being the largest and second-largest consumer of these resources, respectively. In terms of oil production within APAC, China, India, and Indonesia lead the way. For gas production, the primary contributors are China, Australia, Malaysia, and Indonesia. The robust oil and gas sector in the region presents a substantial opportunity for heightened demand for high centrifugal pipes in the region.

Centrifugal pumps are widely utilised in the oil and gas sector due to their efficiency, dependability, and capability to manage various fluids under diverse conditions. In upstream operations, these pumps are employed to extract crude oil from wells, particularly in artificial lift systems such as Electrical Submersible Pumps (ESPs). They play a crucial role in maintaining pressure and facilitating the extraction process from the reservoir.

The need for new infrastructure in the Asia Pacific is imperative and substantial. According to the Asian Development Bank, it is projected that the region will require an investment of US$1.7 trillion annually until 2030 to address its infrastructure demands. This figure encompasses a wide array of projects that span the full spectrum of infrastructure, including transportation, telecommunications, water treatment, smart city initiatives, and power generation and distribution. Centrifugal pumps play a crucial role in infrastructural development, serving as vital components in various systems that require the efficient transfer and management of fluids. In municipal water systems, centrifugal pumps are used to transport potable water from treatment facilities to homes and businesses, ensuring a reliable supply for daily consumption. Additionally, in agricultural settings, centrifugal pumps are essential for irrigation, helping to optimise water usage and enhance crop yields.

Key Trends and Developments

Rising awareness regarding the benefits of centrifugal pumps; the development of smart centrifugal pumps; the thriving 3D printing industry; and the rising exploration of alternative materials are aiding the Asia Pacific centrifugal pump market expansion

December 2023

CPC Pumps International, a Canadian company, expanded its global manufacturing capabilities and completed its first pump assembly in Pune, India. The expansion was aimed at meeting the growing demand for customised centrifugal pumps.

April 2022

GSD held an internal product launch of the ISH/ISP high-efficiency centrifugal pump with improved safety, self-flushing design, ease of installation, and energy-efficient motors.

December 2021

Grundfos announced the launch of its new generation of large CR pumps in India. The range of CR 185, 215 and 255 is ideal for use in different end-use sectors, including water treatment and water supply, among others.

April 2019

Fristam India inaugurated its new production building in Pune, India, to meet the rapidly growing demand for centrifugal pumps and rotary lube pumps in the local market.

Rising Awareness Regarding the Advantages of Centrifugal Pumps

Centrifugal pumps offer enhanced reliability and efficiency, can transport both solid and sensitive fluids, boast no heat transfer, and consume less amount of energy, making them popular in different end-use sectors.

The Development of Smart Centrifugal Pumps

Smart centrifugal pumps, equipped with processors and sensors, featuring automatic regulation of starting pressure, automatic identification of pipe pressure, and intelligent overlapping are gaining significant popularity.

Growing Popularity of 3D Printed Centrifugal Pumps

3D printing is increasingly used to create customised centrifugal pumps for specific applications. Such pumps can be designed and manufactured faster than traditional methods and are easy to upgrade and repair.

Increasing Use of Alternative Materials in Centrifugal Pumps

There is a rising usage of alternative materials such as composites, 3D printed materials, and plastics, among others, in centrifugal pumps, which can reduce their weight, enhance their affordability, and make them more durable.

Asia Pacific Centrifugal Pump Market Trends

The high efficiency, minimal energy losses, and low operating costs of centrifugal pumps are aiding the market. The versatility, compact design, ease of installation, and ability to handle different pressures make centrifugal pumps ideal for use in different end-use sectors, ranging from power generation and water treatment.

With the growing focus on sustainability and the rising attempts by end users to reduce costs, the demand for centrifugal pumps due to their energy efficiency and durability is rising. Such pumps are also ideal for high-flow applications, can be easily modified to meet different requirements of end-users, and are highly versatile.

Asia Pacific Centrifugal Pump Industry Segmentation

Asia Pacific Centrifugal Pump Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Overhung Impeller
• Vertically Suspended
• Between Bearing

Market Breakup by Flow Type

• Axial Flow Pump
• Radial Flow Pump
• Mixed Flow Pump

Market Breakup by Stage

• Single Stage Pump
• Multi-Stage Pump

Market Breakup by Operation Type

• Hydraulic
• Electric
• Air-Driven

Market Breakup by End Use

• Oil and Gas
• Chemicals
• Construction and Building
• Power Generation
• Water and Wastewater
• Agriculture
• Others

Market Breakup by Country

• China
• Japan
• India
• ASEAN
• Australia
• Others

Asia Pacific Centrifugal Pump Market Share

Based on the end use, the market is segmented into oil and gas, chemicals, construction and building, power generation, water and wastewater, and agriculture, among others. The water and wastewater treatment sector is projected to grow at a CAGR of 6.4% during the forecast period of 2024-2032. In wastewater treatment plants, centrifugal pumps are used to transfer sewage and treated effluent.

Leading Companies in the Asia Pacific Centrifugal Pump Market

Major players are focusing on the adoption of technological innovations to gain a competitive edge in the market.

• Dover Corp.
• Baker Hughes Company
• Ebara Corp.
• Corporación EG (Ruhrpumpen, Inc.)
• Flowserve Corp.
• Xylem Inc.
• Sulzer AG
• Weir Group Plc
• KSB SE & Co. KGaA
• Schlumberger N.V.
• Others

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.