According to the business intelligence report titled ‘Asia Pacific Pumps Market Size By Technology, By Product, By Position, By Driving Force, By Application, Industry Analysis Report, Price Trends, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, Asia-Pacific pumps market valuation is anticipated to exceed USD 39 billion mark by the year 2026.
 

As per the report findings, escalating demand from energy, oil & gas, and mining applications, increasing mining activities, and rapid industrialization are catalyzing Asia-Pacific pumps market growth.
 

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Moreover, technological advancements, strategic alliances such as acquisitions and mergers among manufacturers, and innovative product launches are further propelling industry expansion.
 

Additionally, rapid development in various sectors, mainly automotive, consumer electronics, and manufacturing, abundance of raw materials, and affordable labor in emerging countries are stimulating Asia-Pacific pumps market outlook.
 

Elaborating on product landscape, the overall industry vertical is bifurcated into portable, and stationary. Based on technology, the marketplace is split into centrifugal pumps, and diaphragm pumps. With regards to driving force, APAC pumps industry is divided into engine driven, and electrical driven.
 

Speaking of application spectrum, mining sector is expected to emerge as a major revenue generator for Asia-Pacific pumps market during the analysis timeframe. Surging coal demand in India and China for electricity generation, owing to its affordability and abundance, has led to an increase in mining activities. As a result, pumps are widely being incorporated for various mining operations such as dewatering, cleaning, and washing, which in turn is boosting the expansion of the segment.
 

From a geographical perspective, Malaysia, India, Indonesia, China, South Korea, Japan, Australia, Thailand are the key contributors to Asia-Pacific pumps market remuneration.
 

Pfeiffer Vacuum Technology AG, NOV Inc., Multiquip Inc., Xylem Inc., Sulzer Ltd., Atlas Copco Group, Ebara Corporation, Grundfos, Schlumberger Ltd., Baker Hughes Co., Ingersoll Rand Inc. (formerly Gardner Denver Inc.), and Gorman-Rupp Co. are the leading players influencing Asia-Pacific pumps market trends.