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The Asia-Pacific volute pumps market is anticipated to grow at a steady pace during the forecast period. A volute pump is a spiral pump casing often used in centrifugal pumps. The purpose of the volute is to convert the velocity of the liquid into pressure as the impeller ejects it from the case nozzle. This is achieved by gradually increasing the vortex cross-sectional area, fluid flow area, and fluid static pressure. Speak directly to the analyst to clarify any post sales queries you may have.
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As the centrifugal pump impeller rotates, it increases the velocity of the liquid in the pump casing. Because this impeller is eccentric to the volute, the flow area within the pump casing is different and gradually increases. Fluid flow due to impeller action begins at the part of the scroll closest to the impeller with the smallest cross-sectional area. As the fluid moves around the casing to the exit area, it builds up pressure as it fills the enlarged area of the vortex. Therefore, the fluid gains maximum pressure at the exit region where the swirl area is the largest.
From a techno-economic point of view, volute pumps are the best pump option for handling large volumes of water. Volute pumps ensure strength and rigidity and virtually eliminate corrosion and erosion problems. Volute pump housing and suction pipes are made of in situ concrete with rotating metal parts. A volute pump consists of three main sections: a concrete volute and draft tube, a cast embedded component, and a rotating assembly. These pumps are useful for applications that need to handle high flow rates and are ideal for seawater applications. Advantages of centrifugal pumps include high reliability, simple construction, excellent operating performance, vibration-free equipment, and low maintenance costs.
Oil & Gas Industry is Expected to Propel the Asia-Pacific Volute Pumps Market
Asia poses the greatest threat to global net-zero targets due to a single factor: the dominance of fossil fuel energy. The Asian oil and gas industry is a key factor in addressing CO2 emissions. Over the last 40 years, Asia has experienced a significant increase in oil and gas consumption. It accounts for a large part of the overall energy mix and energy supply. Nevertheless, oil and gas are still small in the Asian power mix compared to the rest of the world. The region offsets this with coal, which accounts for more than half of its power generation. Asia lags behind the rest of the world in phasing out fossil fuels. However, this does not diminish the importance of continents in the energy transition. On the contrary, according to the International Energy Agency (IEA), the projected increase in energy demand in Asia over the next 20 years will be a major driver and proxy for global energy trends. In 2018, according to International Association of Oil & Gas Producers, China was by far the largest oil producer in the Asia-Pacific region. Their production was 3.8 million barrels per day, making China accountable for 49% of the region's total production. The other largest producers were Indonesia with 12% share, India with 11% share, and Malaysia with 9% share. Asia-Pacific consumes 35% of the world's oil and processes 34.6 million barrels per day. This consumption has increased by a third over the past ten years. China was the largest consumer in the region. Demand in excess of 13 million barrels per day accounts for 38% of total Asia-Pacific demand. India was the second-largest consumer in the region, with rising wealth and industrialization accounting for 14% of total oil demand in the Asia-Pacific region. Japan was the third largest consumer in the region, accounting for 12%, while South Korea accounted for 8% of the region's total oil consumption. With the exception of Japan, demand across Asia Pacific was at or above record levels in 2017. This demand is expected to drive the growth of the Asia-Pacific volute pumps market during the forecast period.Market Segmentation
The Asia-Pacific volute pumps market is divided into type, application, end use, and country. Based on type, the market is bifurcated into metallic pumps and concrete pumps. Based on application, the market is bifurcated into irrigation schemes, cooling water, drainage & flood control and others. Based on end-use, the market is further bifurcated into agriculture & lift irrigation, building services, power, water & wastewater, oil & gas, chemicals and others. Based on country, the market is segmented into China, Japan, India, South Korea, Australia, Vietnam, Indonesia, Singapore, Philippines, Malaysia.Market Players
Major market players in the Asia-Pacific volute pumps market are Shanghai Kai Quan Pump (Group) Co. Ltd, Watson-Marlow Inc., GRUNDFOS Holding A/S, Gardner Denver, Kirloskar Brothers Limited, Flowserve Corporation, Honda Kiko Co Ltd, Andritz AG, WPIL Limited, and Sulzer Ltd.Report Scope:
In this report, the Asia-Pacific volute pumps market has been segmented into following categories, in addition to the industry trends which have also been detailed below:Asia-Pacific Volute Pumps Market, By Type:
- Metallic Pumps
- Concrete Pumps
Asia-Pacific Volute Pumps Market, By Application:
- Irrigation Schemes
- Cooling Water
- Drainage & Flood Control
- Others
Asia-Pacific Volute Pumps Market, By End-Use:
- Agriculture & Lift Irrigation
- Building Services
- Power
- Water & Wastewater
- Oil & Gas
- Chemicals
- Others
Asia-Pacific Volute Pumps Market, By Country:
- China
- Japan
- India
- South Korea
- Australia
- Vietnam
- Indonesia
- Singapore
- Philippines
- Malaysia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Asia-Pacific volute pumps market.Available Customizations:
With the given market data, the publisher offers customizations according to a company's specific needs.This product will be delivered within 1-3 business days.
Table of Contents
1. Product Overview
2. Research Methodology
5. Asia-Pacific Volute Pumps Market Outlook
6. China Volute Pumps Market Outlook
7. Japan Volute Pumps Market Outlook
8. India Volute Pumps Market Outlook
9. South Korea Volute Pumps Market Outlook
10. Australia Volute Pumps Market Outlook
11. Vietnam Volute Pumps Market Outlook
12. Indonesia Volute Pumps Market Outlook
13. Singapore Volute Pumps Market Outlook
14. Philippines Volute Pumps Market Outlook
15. Malaysia Volute Pumps Market Outlook
16. Market Dynamics
19. Company Profiles
21. About the Publisher & Disclaimer
Companies Mentioned
- Shanghai Kai Quan Pump (Group) Co. Ltd
- Watson-Marlow Inc.
- GRUNDFOS Holding A/S
- Sulzer Ltd
- Gardner Denver
- Kirloskar Brothers Limited
- Flowserve Corporation
- Honda Kiko Co Ltd
- Andritz AG
- WPIL Limited
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 137 |
Published | October 2023 |
Forecast Period | 2023 - 2028 |
Estimated Market Value ( USD | $ 2.42 Billion |
Forecasted Market Value ( USD | $ 3.32 Billion |
Compound Annual Growth Rate | 5.4% |
Regions Covered | Asia Pacific |
No. of Companies Mentioned | 10 |