Southeast Asia Industrial Pumps Market Size (2024 - 2029)

The Southeast Asia industrial pumps market is experiencing growth driven by increased investments in construction and water infrastructure, which boost demand across various industries such as chemicals, wastewater treatment, and power generation. Technological advancements, particularly in digital solutions and manufacturing processes, are further propelling market expansion. Despite challenges posed by the COVID-19 pandemic and rising raw material costs, the market is poised for recovery as restrictions ease. However, the preference for cost-effective products may pose a challenge to market growth.

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Market Size of Southeast Asia Industrial Pumps Industry

Southeast Asia Industrial Pumps Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.20 %
Market Concentration Medium

Major Players

Southeast Asia Industrial Pumps Market Major Players

*Disclaimer: Major Players sorted in no particular order

Southeast Asia Industrial Pumps Market Analysis

The Southeast Asia Industrial Pumps market is estimated to register a CAGR of about 5.2% from 2022 to 2027. Industrial pumps find application in a wide range of industries like water and wastewater, oil and gas, chemicals, food, and beverages and play an important role in moving an assortment of fluids from one location to another.

  • In Southeast Asia, the demand for industrial pumps is driven by increasing investments towards building and construction along with water infrastructure, with consistent expansion in access to water supply and sanitation systems. This has led to an increase in the utilization of pumps across various end-use industries like chemical and wastewater treatment plants and general industries like mining, pulp, paper manufacturing, food and beverages, and power generation.
  • For instance, in September 2021, the World Bank approved a USD 380 million loans to develop Indonesia's first pumped storage hydropower plant, aiming to improve power generation capacity during peak demand while supporting the country's energy transition and decarbonization goals.
  • Further, the technological advancements in manufacturing with the combination of 3D printing technology with computer modeling is another primary factor driving the market growth. With the increased adoption of digital solutions such as IoT, data analysis, and network connectivity, the industrial pump market is resorting to digitalization for better water management, identifying faults, and capturing live data with the help of a remote monitoring option.
  • The increase in COVID-19 cases in Southeast Asia and the consequent restrictions on various activities have severely impacted the industrial pumps market. A decline in pump consumption and the restriction on construction activities hampered the market growth. However, with restrictions easing up, the market is expected to recover in the coming years.
  • Over the past couple of years, the rising costs of raw materials such as steel, copper, and aluminum, have pushed up the prices of industrial pumps in the region. However, customers' inclination toward low-cost products might act as a restraint for the market growth.

Southeast Asia Industrial Pumps Industry Segmentation

An industrial pump is an equipment used to move many different types of products, such as water, chemicals, petroleum, wastewater, oil, sludge, slurry, or food. It comes in a variety of shapes, sizes, and capacities. Industrial pumps can be broadly classified into positive displacement pumps and centrifugal pumps.

By Type
Positive Displacement
Rotary Pump
Reciprocating
Peristaltic
Centrifugal
Single-stage
Multi-stage
Submersible
Others
By End-User Industry
Oil and Gas
Water and Wastewater
Chemicals and Petrochemicals
Power Generation
Pharmaceutical/Life Sciences
Food and Beverage
Other End-user Industries
By Country
Indonesia
Thailand
Malaysia
Singapore
Rest of Southeast Asia
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Southeast Asia Industrial Pumps Market Size Summary

The Southeast Asia Industrial Pumps market is experiencing steady growth, driven by increasing investments in construction and water infrastructure projects across the region. Industrial pumps are essential in various sectors, including water and wastewater management, oil and gas, chemicals, and food and beverages, facilitating the movement of fluids. The demand for these pumps is further bolstered by technological advancements, such as the integration of 3D printing and digital solutions like IoT and data analytics, which enhance water management and operational efficiency. Despite challenges posed by the COVID-19 pandemic, which temporarily slowed market growth due to restrictions on construction activities, the market is poised for recovery. However, rising raw material costs and a preference for cost-effective solutions may pose challenges to market expansion.

The water and wastewater treatment industry in Southeast Asia is a significant contributor to the industrial pumps market, driven by the need for improved water resource management and infrastructure development. Initiatives to expand wastewater treatment facilities and address water scarcity issues are gaining momentum, supported by government regulations and investments. Centrifugal pumps, a key component in this sector, are widely used due to their efficiency in handling large volumes of liquids. The region's industrial infrastructure growth, supported by favorable policies and urbanization, is expected to further boost the demand for these pumps. The market is moderately competitive, with major players like Grundfos and Wilo Group actively expanding their presence and product offerings to meet the growing demand.

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Southeast Asia Industrial Pumps Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness-Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Intensity of Competitive Rivalry

      5. 1.2.5 Threat of Substitutes

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Impact of COVID-19 Outbreak on the Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Positive Displacement

        1. 2.1.1.1 Rotary Pump

        2. 2.1.1.2 Reciprocating

        3. 2.1.1.3 Peristaltic

      2. 2.1.2 Centrifugal

        1. 2.1.2.1 Single-stage

        2. 2.1.2.2 Multi-stage

        3. 2.1.2.3 Submersible

        4. 2.1.2.4 Others

    2. 2.2 By End-User Industry

      1. 2.2.1 Oil and Gas

      2. 2.2.2 Water and Wastewater

      3. 2.2.3 Chemicals and Petrochemicals

      4. 2.2.4 Power Generation

      5. 2.2.5 Pharmaceutical/Life Sciences

      6. 2.2.6 Food and Beverage

      7. 2.2.7 Other End-user Industries

    3. 2.3 By Country

      1. 2.3.1 Indonesia

      2. 2.3.2 Thailand

      3. 2.3.3 Malaysia

      4. 2.3.4 Singapore

      5. 2.3.5 Rest of Southeast Asia

Southeast Asia Industrial Pumps Market Size FAQs

The Southeast Asia Industrial Pumps Market is projected to register a CAGR of less than 5.20% during the forecast period (2024-2029)

Kirloskar Brothers Limited, Grundfos Holding A/S, Flowserve Corporation, Sulzer Ltd and Ebara Corporation are the major companies operating in the Southeast Asia Industrial Pumps Market.

Southeast Asia Industrial Pumps Report Snapshots

Southeast Asia Industrial Pumps Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)