Asia-Pacific Centrifugal Pump Market Size was valued at USD 12.3 Billion in 2022. The Asia-Pacific Centrifugal Pump Market industry is projected to grow from USD 13.0 Billion in 2023 to USD 21.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.50% during the forecast period (2024 - 2032). One of the primary market drivers driving Asia Pacific's Asia-Pacific Centrifugal Pump Market is the industrial growth and increasing demand for water. However, wastewater management solutions are another driver of the market.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The increasing incorporation of novel technologies to operate a product efficiently is boosting the Asia-Pacific Centrifugal Pump Market CAGR. Centrifugal pumps are prone to pumping various fluids containing contaminants, which might reduce the system's productivity. As a result, keeping the pumps in good working order is critical to boosting total product efficiency and longevity. Several industry participants have successfully proven the remote diagnosis of fault conditions using modern technologies like network-based monitoring, the Internet of Things (loT), and many others. For example, during the worldwide trade expo ACHEMA in Germany, KSB demonstrated their new platform known as "KSB guard" for monitoring pump systems via network sensors. The unique approach intends to incorporate temperature and vibration sensors into the pumps to detect changes in operating behavior, allowing for better retrofitting and maintenance.
Moreover, the construction of new residential and commercial constructions has grown significantly throughout the years. Various public and private groups are making large investments in both emerging and industrialized countries to restore current facilities and build new ones. These pumps aid in the resolution of fluctuating or low-pressure issues, as well as the delivery of energy-efficient solutions to meet building water transfer and HVAC (Heating, Ventilation, and Air-conditioning) requirements. Also, the constant need to increase pressure and deliver water for diverse activities has spurred centrifugal units in a variety of industries, including food and beverage, maritime, metal manufacturing, chemicals, and many more. However, multiple criteria, including the working fluid's viscosity, temperature, specific gravity, pressure, density, and vapor pressure, determine the application of these goods in various capacities and sizes.
The Asia-Pacific Centrifugal Pump Market segmentation, based on Flow, includes Axial Flow, Radial Flow, And Mixed Flow. The radial flow category is projected to have the biggest market share. These units pump the working fluid perpendicular to the pump shaft, with the fluid exiting radially through the impellers. This orientation of the pumps has numerous technical benefits, including high efficiency, low maintenance, compact design, reduced bearing load, and many more. The ability to effectively pump incompressible fluids with a low pump head and bulk flow volume is expected to drive the adoption of the axial flow segment.
The Asia-Pacific Centrifugal Pump Market segmentation, based on Stage, includes Single-Stage and Multi-Stage. The multi-stage category is expected to grow significantly because of its high energy efficiency, ease of installation, minimal internal friction losses, optimal operation and control, and other advantages.
Figure 1: Asia-Pacific Centrifugal Pump Market, by Stage, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Asia-Pacific Centrifugal Pump Market segmentation by End-User includes Residential, Commercial, Agriculture, And Industrial. The commercial sector will also have a significant share during the forecast period due to their widespread use in public establishments such as swimming pools, firefighting stations, sprinklers and fountains, drainage systems, and several others to continuously maintain domestic heating, ventilation, and air conditioning (HVAC), sewage, irrigation, drainage, garden, water supply, and many others.
China has the largest Asia-Pacific Centrifugal Pump Market share during the projection period, accounting for 45.80% of the market. The Asia-Pacific Centrifugal Pump Market is steadily growing as a result of industrial expansion and rising demand for water and wastewater control solutions. Centrifugal pumps are commonly employed in a variety of industries, including oil and gas, water treatment, power production, and chemical processing. The market is driven by the demand for efficient and dependable pumping systems to service these industries. Furthermore, advances in pump technology, such as the creation of energy-efficient pumps, are offering prospects for market expansion.
Figure 2: Asia-Pacific Centrifugal Pump Market Share By Region 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Asia-Pacific Centrifugal Pump Market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Centrifugal Pump industry must offer cost-effective items.
Major players in the Asia-Pacific Centrifugal Pump Market are attempting to increase market demand by investing in research and development operations includes GRUNDFOS (Denmark) KSB Company. (Germany), Wilo Group (Germany), Flowrox (Finland), Sulzer (Switzerland), Xylem (U.S.), Dover Corporation (U.S.), The Weir Group PLC (Scotland), Ebara Corporation (apan), ITT Corporation. (U.S.), Flowserve Corporation (U.S.), and Kirloskar Brothers Limited (India).
In April 2021,Xylem Inc. collaborated with ESRI, a global leader in location information. The two corporations will provide utilities throughout the world. These two organizations will collaborate on technological roadmaps, solution development, marketing, and sales.
In November 2020,Sulzer received a contract from Ringkobing- Skjern Fosyning A/S (Danish Water Utility Firm) to supply pumps for Denmark's main flood defense project. To address rising water levels caused by rain, drainage, and cloudbursts, the firm built two new pumping stations. The business will supply one XFB baseload pump and three VUPX peak load pumps to the Ringkobing pumping station.
In May 2021, Xylem Inc. announced a partnership with ESRI, the first location intelligence company. The two companies will serve utilities around the world. These two companies will pursue joint technical road mapping, solution development, joint marketing and collaborative efforts to sell.
In March 2022, Flowserve made a strategic partnership with Gradiant to grow its presence in the Water Technology Market. Nalco's program, in partnership with Gradiant, corresponds to Flowserve's products and is based on disciplined workflow. Red Raven's new partners have realized the potentially global nature of water scarcity. Management of Water has been feminist looking at and advocating solutions by Gradiant. Flowserve also keeps extending its water business with constantly expanding flow control products and other solutions for the water market. Recent additions include the submersible pump H2O+, highly effective pumps for desalination, and Red Raven Internet of things plus Red Raven, integration of mobile and social media, also Joint management.
In November 2021, the Third Generation REDA HPS multistage centrifugal pump has a modular design that provides cost-effective solutions for a wide variety of applications ranging from water injection to simple refining and crude oil transfer. It is a better choice than split case, vertical turbine as well as positive displacement pumps. Modular construction and alignment at the factory make restarting the pump a straightforward task. The third-generation REDA HPS surface pump does not need any day-to-day maintenance. Equipment with stable performance and low vibration not only lengthens the service life of the equipment but also considerably minimizes the risk of any leakages from the associated piping.
By the end of April 2021, Impeller upgraded progress in terms of vibration and operational performance has been achieved for ten amine pumps in Malaysia. A gas-sweetening plant in Malaysia had been using 10 Baker Hughes 8x15 BF, two-stage BB1 amine pumps. Over the past few years, the pumps have been subjected to intermittent, excessive vibrations causing wear of the impellers, i.e., cavitation at the inlet suction side of the impeller and disk brakes at the outlet side of the impeller. Vibration reduction reached about 75% (no contact value) and 80% (velocity value) with Baker Hughes operations, and hydraulic forces were decreased, which increased equipment's reliability and decreased maintenance costs in the future.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 12.3 Billion |
| Market Size 2023 | USD 13.0 Billion |
| Market Size 2032 | USD 21.6 Billion |
| Compound Annual Growth Rate (CAGR) | 6.50% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Flow, Stage, End-User, and Region |
| Region Covered | Asia Pacific |
| Countries Covered | China, Japan, India, Australia, South Korea, Indonesia, Thailand, Vietnam, Malaysia, Singapore and Rest of Asia-Pacific |
| Key Companies Profiled | GRUNDFOS (Denmark), KSB Company. (Germany), Wilo Group (Germany), Flowrox (Finland), Sulzer (Switzerland), Xylem (U.S.), Dover Corporation (U.S.), The Weir Group PLC (Scotland), Ebara Corporation (apan), ITT Corporation. (U.S.), Flowserve Corporation (U.S.), Kirloskar Brothers Limited (India). |
| Key Market Opportunities | Growing need for energy-efficient pump systems. |
| Key Market Dynamics | Expansion of the oil and gas industry. |
Frequently Asked Questions (FAQ) :
The Asia-Pacific Centrifugal Pump Market size was valued at USD 13.0 Billion in 2023.
The market is projected to grow at a CAGR of 6.50% during the forecast period, 2024-2032.
The key players in the market are GRUNDFOS (Denmark), KSB Company (Germany), Wilo Group (Germany), Flowrox (Finland), Sulzer (Switzerland), Xylem (U.S.), Dover Corporation (U.S.), and others.
The multi-stage category dominated the market in 2023.
The radial flow category had the largest share in the market.
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