Asia Pacific Side Channel Pumps Market Share

Asia Pacific Side Channel Pumps Market Share

The regional industry is highly fragmented impelled by the challenging growth and market dynamics. Technological advancements to improve cost-effectiveness and product portfolio expansion are the key strategies adopted. Wide application areas make the market more competitive. Intensity of industry rivalry is expected to be moderate to high owing to the increasing environmental concerns and stringent government regulations.
 

Some of the key players in Asia Pacific side channel pumps market are:

• Flowserve Corporation
• SERO PumpSystems GmbH
• KSB SE & Co
• KGaA
• CIRCOR Industrial
• SPECK Pumpen 
• Dev Engineers.
   

The manufacturers have also formed long-term agreements with their suppliers in order to ensure consistent supply and to avoid price fluctuations. Some of the key strategies adopted by top participants include production capacity expansion, strategic partnerships, mergers & acquisitions, new product launches, etc. For instance, in June 2021, SPECK Pumpen acquired K-Form, a long-standing supplier of plastic pump casings and plastic components.  This will help the company to ensure a constant supply of materials and avoid major price fluctuations.