Market Trends of Southeast Asia Industrial Pumps Industry
This section covers the major market trends shaping the Southeast Asia Industrial Pumps Market according to our research experts:
Water and Wastewater Industry to Hold a Major Market Share
- In Southeast Asia, high growth in the water and wastewater treatment industry is expected to increase the overall revenues for industrial pumps. Growth in the water industry is driven by the need for better management of water resources, including water recycling, rainwater harvesting, storage, and improved irrigation processes.
- For instance, in February 2022, the construction of a steel dam worth over VND 10.7 billion (USD 472,000) started in the Tien Giang Province of Vietnam, which is expected to help prevent saltwater intrusion and store fresh water upon completion.
- Further, many countries in the Southeast Asian region face severe water shortages. The increasing demand for clean water, growing water contamination, stringent government regulations on water treatment and increasing industrial waste discharge in waterbodies are the major factors that have necessitated initiatives to expand wastewater treatment facilities in these countries.
- For instance, the first wastewater treatment plant of eastern Indonesia is expected to commence operation in Makassar in 2024. The USD 75 million pilot project is aimed at benefiting the region's roughly 70,000 residents amid concerns over worsening water pollution.
- In any wastewater treatment plant, industrial pumps play a critical role. They help in collecting the wastewater from different parts of the plant and transfer it to the treatment plant. Once the water is purified, pumps then assist in moving the treated water to places where it is required or to a storage tank.
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Centrifugal Type to Grow Significantly
- Centrifugal pumps are hydraulically operated machines whose primary purpose is to transfer fluids through increased pressure. Centrifugal pumps are currently used across many domestic and industrial processes. Different types of centrifugal pumps are required to effectively meet pumping requirements, from supplying the water used in residential buildings to industrial applications like food, beverage, and chemical manufacturing.
- A typical centrifugal pump setup comprises one or more impellers attached to a rotary pump shaft. This arrangement provides the energy required to conduct fluid through the pump system and the associated piping. Centrifugal pumps can be further classified into single-stage or multi-stage, depending on the number of impellers present within their setup.
- Further, a submersible pump is another variant of a centrifugal pump, which is attached to an electric motor and operates while submerged in water. The sealed electric motor spins a series of impellers. The pump's capacity is determined by the width of the impeller vanes and its pressure by the number of impellers.
- Centrifugal pumps can be used for handling huge amounts of liquids to provide extremely high flow rates, and they can regulate the flow rate of the liquid over a wide range. These pumps are usually preferred for lower viscosity (thin) liquids like light oil or water.
- The Southeast Asia region holds a significant share of the centrifugal pumps market globally. The region's industrial infrastructure is witnessing growth because of many business-friendly policies implemented in these countries. Additionally, the increasing investments in the construction industry, attributed to rapid urbanization, will further accelerate the demand for these pumps.
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