Side Channel Pumps Market in APAC to cross $255 Mn by 2027

Asia Pacific Side Channel Pumps Market size is expected to exceed USD 255 million by 2027, according to a new research study published by Global Market Insights Inc.
 

The increased investments in power generation and water treatment in various ASEAN countries is likely to boost the industry demand. Rising demand for sanitation system in emerging countries such as China and India are enhancing the disposal and wastewater treatment industry. The region is also witnessing a significant rise in the number of new pharmaceutical industry in the past few years, which will further increase the APAC side channel pumps market growth.
 

Pump manufacturers are going through a digital transformation by using IoT, big data, and artificial intelligence in the production process. These advanced technologies with transformational efforts are giving manufacturers an edge over other competitors. Smart systems can be used to implement the latest solutions, which may incorporate controls, sensors, and software to drive the production processes smoothly.
 

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Growth in APAC oil & gas industry

Side channel pumps have surplus applications in the oil & gas industry in onshore & offshore applications. Offshore production activities face a lot of challenges during location of deep oil & gas reserves. The reserves require pumps to ease the exploration process. Technologies, such as subsea multiphase pumping systems, are used for offshore drilling processes. Similarly, in onshore drilling operations, the pump systems are used to ease operations and to avoid serious hazards.
 

Browse key industry insights spread across 120 pages with 78 market data tables & 28 figures & charts from the report, “Asia Pacific Side Channel Pumps Market Size By End-User (Chemical {Liquid Transfer, Boiler Feed, LPG Pumping, Heating/ Air Conditioning}, Food & Beverage, Pharmaceutical, Petrochemical, Shipbuilding, Water Treatment, Oil & Gas), COVID-19 Impact Analysis, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/asia-pacific-side-channel-pumps-market
 

Petrochemical end use is projected to observe around 8.5% CAGR through 2027 since it is one of the fastest-growing segments among the application sectors. These pumps are extensively used in the petrochemical and refinery plants across APAC. The low risk of cavitation and their ability to self-prime are major factors fueling the usage of side channel pumps in the petrochemical industries.
 

In 2020, India captured more than 15% of the APAC side channel pumps market share owing to large chemical industry. The chemical industry is anticipated to contribute about USD 300 billion by 2025 in Indian economy. Additionally, the Indian government has established four petroleum, chemicals, and petrochemical investment regions (PCPIRs) as investment regions for such industries.
 

Some of the major manufacturers in APAC market are Flowserve Corporation, SERO PumpSystems GmbH, KSB SE & Co. KGaA, CIRCOR Industrial, SPECK Pumpen, Manvac Technik Limited, Aqua Group and Dev Engineers.