Asia-Pacific Industrial Pumps Market By Type (Centrifugal Pumps, Reciprocating Pumps, Rotary Pumps, Others), By Application (Water & Waste Water, Power Generation, Oil & Gas, Chemicals & Petrochemicals, Mining, Others), By Country, Competition, Forecast and Opportunities, 2020-2030F
Market Overview
The Asia-Pacific Industrial Pumps Market was valued at USD 21.68 billion in 2024 and is projected t%li%reach USD 32.21 billion by 2030, growing at a CAGR of 6.66%. This growth is largely driven by accelerated industrialization, expanding infrastructure, and increased capital investments across key sectors such as water and wastewater management, oil and gas, chemical processing, power generation, and manufacturing. Countries like China, India, Japan, and several Southeast Asian nations are at the forefront of this growth due t%li%government initiatives supporting urban development, industrial growth, and enhanced water infrastructure.
Industrial pumps are indispensable in enabling fluid movement across industrial processes, and their adoption is rising with the need for efficiency and automation. The market is seeing increasing integration of smart technologies, including IoT-enabled pumps and variable frequency drives (VFDs), which support real-time diagnostics, remote control, and energy-efficient operations. This trend, alongside the replacement of aging infrastructure with modern, high-performance equipment, is expected t%li%fuel the continued expansion of the market across the region.
Key Market Drivers
Rapid Industrialization Across Emerging Economies
Industrial expansion in the Asia-Pacific region is accelerating, especially in countries such as China, India, Vietnam, and Indonesia, driven by favorable policy support and large-scale infrastructure and manufacturing investments. Local and national government initiatives are encouraging the setup of processing plants, factories, and assembly units t%li%boost regional manufacturing output.
China’s industrial hubs in Guangdong and Jiangsu and India's growth corridors in Maharashtra and Tamil Nadu are witnessing strong investment inflows, increasing the requirement for robust fluid handling systems. As a result, demand for centrifugal, diaphragm, and reciprocating pumps has intensified. The growing footprint of sectors like electronics, textiles, and food processing is further supporting this demand, as these industries require pumps with specialized features such as chemical resistance, flow precision, and high-pressure performance.
Key Market Challenges
High Operational and Maintenance Costs
Despite their importance, industrial pumps are associated with high total ownership costs. In industries such as mining, power, and petrochemicals, pump systems often operate under extreme conditions, resulting in substantial energy consumption and frequent maintenance needs. While the initial cost of acquisition is moderate, the cumulative cost of repairs, downtime, spare parts, and electricity makes these systems expensive t%li%operate over time.
In Asia-Pacific, small and medium enterprises (SMEs) frequently lack the budget for proactive maintenance and struggle t%li%afford energy-efficient upgrades. This not only compromises pump performance but als%li%results in higher energy use and reduced equipment longevity. In less developed markets, limited access t%li%skilled technicians and genuine spare parts further complicates maintenance, often leading t%li%extended downtimes and operational inefficiencies.
Key Market Trends
Growth in Infrastructure Development and Urbanization
Infrastructure development across Asia-Pacific is a key factor driving demand for industrial pumps. Countries including India, China, Vietnam, Indonesia, and the Philippines are undertaking large-scale projects in urban development, smart cities, sanitation, and utilities infrastructure. According t%li%the Asian Development Bank, the region requires annual infrastructure investments of USD 1.7 trillion through 2030 t%li%support economic growth.
These projects require reliable pumping systems for applications such as sewage treatment, clean water supply, and HVAC. For example, India's “Jal Jeevan Mission” has significantly increased demand for industrial-grade pumps, while Southeast Asia’s flood control and irrigation modernization initiatives are als%li%propelling market growth. The surge in both public and private sector infrastructure investments is expected t%li%ensure continued demand for centrifugal, submersible, and rotary pumps.
Key Market Players
In this report, the Asia-Pacific Industrial Pumps Market has been segmented int%li%the following categories, in addition t%li%the industry trends which have als%li%been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Asia-Pacific Industrial Pumps Market.
Available Customizations:
Asia-Pacific Industrial Pumps Market report with the given market data, TechSci Research offers customizations according t%li%a company's specific needs. The following customization options are available for the report:
Company Information
The Asia-Pacific Industrial Pumps Market was valued at USD 21.68 billion in 2024 and is projected t%li%reach USD 32.21 billion by 2030, growing at a CAGR of 6.66%. This growth is largely driven by accelerated industrialization, expanding infrastructure, and increased capital investments across key sectors such as water and wastewater management, oil and gas, chemical processing, power generation, and manufacturing. Countries like China, India, Japan, and several Southeast Asian nations are at the forefront of this growth due t%li%government initiatives supporting urban development, industrial growth, and enhanced water infrastructure.
Industrial pumps are indispensable in enabling fluid movement across industrial processes, and their adoption is rising with the need for efficiency and automation. The market is seeing increasing integration of smart technologies, including IoT-enabled pumps and variable frequency drives (VFDs), which support real-time diagnostics, remote control, and energy-efficient operations. This trend, alongside the replacement of aging infrastructure with modern, high-performance equipment, is expected t%li%fuel the continued expansion of the market across the region.
Key Market Drivers
Rapid Industrialization Across Emerging Economies
Industrial expansion in the Asia-Pacific region is accelerating, especially in countries such as China, India, Vietnam, and Indonesia, driven by favorable policy support and large-scale infrastructure and manufacturing investments. Local and national government initiatives are encouraging the setup of processing plants, factories, and assembly units t%li%boost regional manufacturing output.
China’s industrial hubs in Guangdong and Jiangsu and India's growth corridors in Maharashtra and Tamil Nadu are witnessing strong investment inflows, increasing the requirement for robust fluid handling systems. As a result, demand for centrifugal, diaphragm, and reciprocating pumps has intensified. The growing footprint of sectors like electronics, textiles, and food processing is further supporting this demand, as these industries require pumps with specialized features such as chemical resistance, flow precision, and high-pressure performance.
Key Market Challenges
High Operational and Maintenance Costs
Despite their importance, industrial pumps are associated with high total ownership costs. In industries such as mining, power, and petrochemicals, pump systems often operate under extreme conditions, resulting in substantial energy consumption and frequent maintenance needs. While the initial cost of acquisition is moderate, the cumulative cost of repairs, downtime, spare parts, and electricity makes these systems expensive t%li%operate over time.
In Asia-Pacific, small and medium enterprises (SMEs) frequently lack the budget for proactive maintenance and struggle t%li%afford energy-efficient upgrades. This not only compromises pump performance but als%li%results in higher energy use and reduced equipment longevity. In less developed markets, limited access t%li%skilled technicians and genuine spare parts further complicates maintenance, often leading t%li%extended downtimes and operational inefficiencies.
Key Market Trends
Growth in Infrastructure Development and Urbanization
Infrastructure development across Asia-Pacific is a key factor driving demand for industrial pumps. Countries including India, China, Vietnam, Indonesia, and the Philippines are undertaking large-scale projects in urban development, smart cities, sanitation, and utilities infrastructure. According t%li%the Asian Development Bank, the region requires annual infrastructure investments of USD 1.7 trillion through 2030 t%li%support economic growth.
These projects require reliable pumping systems for applications such as sewage treatment, clean water supply, and HVAC. For example, India's “Jal Jeevan Mission” has significantly increased demand for industrial-grade pumps, while Southeast Asia’s flood control and irrigation modernization initiatives are als%li%propelling market growth. The surge in both public and private sector infrastructure investments is expected t%li%ensure continued demand for centrifugal, submersible, and rotary pumps.
Key Market Players
- Grundfos Holding A/S
- Ingersoll-Rand
- Flowserve Corporation
- Sulzer Ltd.
- ITT, INC.
- Schlumberger Limited
- EBARA International Corporation
- The Weir Group PLC
In this report, the Asia-Pacific Industrial Pumps Market has been segmented int%li%the following categories, in addition t%li%the industry trends which have als%li%been detailed below:
- Asia-Pacific Industrial Pumps Market, By Type:
- Centrifugal Pumps
- Reciprocating Pumps
- Rotary Pumps
- Others
- Asia-Pacific Industrial Pumps Market, By Application:
- Water & Waste Water
- Power Generation
- Oil & Gas
- Chemicals & Petrochemicals
- Mining
- Others
- Asia-Pacific Industrial Pumps Market, By Country:
- China
- Japan
- India
- South Korea
- Australia
- Singapore
- Thailand
- Malaysia
Company Profiles: Detailed analysis of the major companies present in the Asia-Pacific Industrial Pumps Market.
Available Customizations:
Asia-Pacific Industrial Pumps Market report with the given market data, TechSci Research offers customizations according t%li%a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up t%li%five).
1. PRODUCT OVERVIEW
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. RESEARCH METHODOLOGY
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. EXECUTIVE SUMMARY
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends
4. VOICE OF CUSTOMER
5. ASIA-PACIFIC INDUSTRIAL PUMPS MARKET OUTLOOK
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type (Centrifugal Pumps, Reciprocating Pumps, Rotary Pumps, Others)
5.2.2. By Application (Water & Waste Water, Power Generation, Oil & Gas, Chemicals & Petrochemicals, Mining, Others)
5.2.3. By Country (China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Rest of Asia-Pacific)
5.3. By Company (2024)
5.4. Market Map
6. CHINA INDUSTRIAL PUMPS MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By Application
7. JAPAN INDUSTRIAL PUMPS MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Application
8. INDIA INDUSTRIAL PUMPS MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Application
9. SOUTH KOREA INDUSTRIAL PUMPS MARKET OUTLOOK
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Application
10. AUSTRALIA INDUSTRIAL PUMPS MARKET OUTLOOK
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Type
10.2.2. By Application
11. SINGAPORE INDUSTRIAL PUMPS MARKET OUTLOOK
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Type
11.2.2. By Application
12. THAILAND INDUSTRIAL PUMPS MARKET OUTLOOK
12.1. Market Size & Forecast
12.1.1. By Value
12.2. Market Share & Forecast
12.2.1. By Type
12.2.2. By Application
13. MALAYSIA INDUSTRIAL PUMPS MARKET OUTLOOK
13.1. Market Size & Forecast
13.1.1. By Value
13.2. Market Share & Forecast
13.2.1. By Type
13.2.2. By Application
14. MARKET DYNAMICS
14.1. Drivers
14.2. Challenges
15. MARKET TRENDS AND DEVELOPMENTS
15.1. Merger & Acquisition (If Any)
15.2. Product Launches (If Any)
15.3. Recent Developments
16. COMPANY PROFILES
16.1. Grundfos Holding A/S
16.1.1. Business Overview
16.1.2. Key Revenue and Financials
16.1.3. Recent Developments
16.1.4. Key Personnel
16.1.5. Key Product/Services Offered
16.2. Ingersoll-Rand
16.3. Flowserve Corporation
16.4. Sulzer Ltd.
16.5. ITT, INC.
16.6. Schlumberger Limited
16.7. EBARA International Corporation
16.8. The Weir Group PLC
17. STRATEGIC RECOMMENDATIONS
18. ABOUT US & DISCLAIMER
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. RESEARCH METHODOLOGY
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. EXECUTIVE SUMMARY
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends
4. VOICE OF CUSTOMER
5. ASIA-PACIFIC INDUSTRIAL PUMPS MARKET OUTLOOK
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type (Centrifugal Pumps, Reciprocating Pumps, Rotary Pumps, Others)
5.2.2. By Application (Water & Waste Water, Power Generation, Oil & Gas, Chemicals & Petrochemicals, Mining, Others)
5.2.3. By Country (China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Rest of Asia-Pacific)
5.3. By Company (2024)
5.4. Market Map
6. CHINA INDUSTRIAL PUMPS MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By Application
7. JAPAN INDUSTRIAL PUMPS MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Application
8. INDIA INDUSTRIAL PUMPS MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Application
9. SOUTH KOREA INDUSTRIAL PUMPS MARKET OUTLOOK
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Application
10. AUSTRALIA INDUSTRIAL PUMPS MARKET OUTLOOK
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Type
10.2.2. By Application
11. SINGAPORE INDUSTRIAL PUMPS MARKET OUTLOOK
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Type
11.2.2. By Application
12. THAILAND INDUSTRIAL PUMPS MARKET OUTLOOK
12.1. Market Size & Forecast
12.1.1. By Value
12.2. Market Share & Forecast
12.2.1. By Type
12.2.2. By Application
13. MALAYSIA INDUSTRIAL PUMPS MARKET OUTLOOK
13.1. Market Size & Forecast
13.1.1. By Value
13.2. Market Share & Forecast
13.2.1. By Type
13.2.2. By Application
14. MARKET DYNAMICS
14.1. Drivers
14.2. Challenges
15. MARKET TRENDS AND DEVELOPMENTS
15.1. Merger & Acquisition (If Any)
15.2. Product Launches (If Any)
15.3. Recent Developments
16. COMPANY PROFILES
16.1. Grundfos Holding A/S
16.1.1. Business Overview
16.1.2. Key Revenue and Financials
16.1.3. Recent Developments
16.1.4. Key Personnel
16.1.5. Key Product/Services Offered
16.2. Ingersoll-Rand
16.3. Flowserve Corporation
16.4. Sulzer Ltd.
16.5. ITT, INC.
16.6. Schlumberger Limited
16.7. EBARA International Corporation
16.8. The Weir Group PLC
17. STRATEGIC RECOMMENDATIONS
18. ABOUT US & DISCLAIMER
