Pumps and Valves Services Market in APAC 2017-2021

Overview of the pumps and valves services market in APAC

Research analysis on the pumps and valves services market in APAC identifies that the advantages of outsourcing services will be one of the major factors that will have a positive impact on the market’s growth. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 7% by 2021. Currently, most industries choose to outsource precision maintenance services where service providers handle equipment with care and expert professionals take better care of the assets which offers maximum accuracy and quick response time. Additionally, service providers also provide risk management services and they cover various parameters of risk to ensure complete reliability such as strategic risk, reputation risk, transaction and credit risk, and compliance risk. Such benefits will drive the demand for outsourcing services for maintenance activities and this in turn, will drive the growth of the pumps and valves services market in APAC.

In terms of geographic regions, China will be the major revenue contributor to the pumps and valves services market in APAC throughout the forecast period. The development of major end-user industries, the huge capital investments, and rapid growth in productivity, will drive the demand for pumps and valves services in this region.

Competitive landscape and key vendors  

The pumps and valves services in APAC consists of many established vendors. These vendors work according to the market trend and concentrate more on providing customized services. China is the main focus market for vendors since the major portion of the country’s revenue depends on the oil and gas industry. To improve their market shares the vendors are also focusing on the developing markets such as India and Indonesia.

The leading vendors in the market are –

• Flowserve
• GE
• KSB
• Weir

The other prominent vendors in the market are Alfa Laval, Eaton, Gates, Grundfos, LEWA, New Super Hydraulic Pumps, and Sulzer.

Segmentation by service type and analysis of the pumps and valves services market in APAC

• Pump services
• Valves services

During 2016, the pump services segment accounted for the major shares of the pumps and valves services market in APAC. Factors such as the development of the oil and gas industry, the growth in global economy,  and rapid industrialization and urbanization, will contribute to the growth of this industry segment in the coming years.

Segmentation by end-user and analysis of the pumps and valves services market in APAC

• Oil and gas industry
• Water and wastewater industry
• Chemical and petrochemical industry
• Power industry

According to this market research report, the oil and gas industry will be the marjo end-user to the pumps and valves services market in APAC until 2021. The growth in demand for pumps to maintain the flow, the demand for valves to maintain safety, and the rising investments in oil field projects, will drive the growth of the market in this end-user segment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the pumps and valves services market in APAC?
• What are the key market trends impacting the growth of the pumps and valves services market in APAC?
• What are the challenges to market growth?
• Who are the key vendors in the pumps and valves services market in APAC?
• What are the market opportunities and threats faced by the vendors in the pumps and valves services market in APAC?
• Trending factors influencing the market shares of China, India, Indonesia, Malaysia, Thailand, and others.
• What are the key outcomes of the five forces analysis of the pumps and valves services market in APAC?

Technavio also offers customization on reports based on specific client requirement.