Asia Pacific Pumps Market Report and Forecast 2025-2034

Asia Pacific Pumps Market Outlook

The Asia Pacific pumps market size was valued at USD 33.78 billion in 2023. The market is further projected to grow at a CAGR of 3.7% between 2024 and 2032, reaching a value of USD 47.17 billion by 2032.

Key Takeaways

• China has over 1,500 major mining operations, with the mining sector producing around USD 400 billion annually.

• Around 21 million agricultural pump sets are connected to the Indian power grid.

According to the Asia Pacific pumps market analysis, there is a growing demand for intelligent pumping solutions in the region. Manufacturers are developing energy-efficient pumps utilising smart technology that allows ease of use and monitoring capabilities. Agriculture is crucial to the Indian economy. During FY 2022-2023, the sector contributed around 15% to the country’s GDP.  With a rising number of agricultural pumps connected to the power grid, irrigation accounts for a substantial electricity cost. To reduce the energy consumption of the sector, the Ministry of Power through its National Energy Efficient Agriculture Pumps Programme is encouraging consumers to replace age-old agricultural pumps with modern 5-star rated energy-efficient agricultural pumps.

As per the Asia Pacific pumps market report, pumps are crucial for the mining sector. China is also a significant mining producer across the globe. The country mines a range of products, such as aluminum, coal, manganese, tungsten, gold, zinc, nitrogen, potash phosphate, magnesium, tin, and other critical minerals. The country spends around USD 200 billion per year on mine supply and services. Further, around 75% of all major Chinese mining operations are performed underground. The expanding mining sector aids the demand for a variety of pumps, such as dewatering pumps, slurry pumps, and tailings management pumps.

Market Segmentation

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

Market Breakup by Type:

• Centrifugal Pumps

• Positive Displacement Pumps

Market Breakup by End Use:

• Oil and Gas

• Water and Wastewater

• Chemicals and Petrochemicals

• Mining Industry

• Power Generation

• Others

Market Breakup by Country:

• China

• Japan

• India

• ASEAN

• Australia

• Others

Competitive Landscape

The key players in the pumps market in Asia Pacific are producing high-quality energy energy-efficient pumps to help end-use markets reduce their energy consumption.

• Kirloskar Brothers Limited

• Iwaki Co., Ltd

• Ebara Corporation

• Atlas Copco AB

• Flowserve Corporation

• Grundfos Holding A/S

• KSB Limited

• Sulzer AG

• The Weir Group PLC

• Schlumberger Limited

• Baker Hughes Company

• CG Power & Industrial Solutions Ltd

• Others

Key Highlights of the Report