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Pumps and Valves Services Market in APAC 2017-2021

Pumps and Valves Services Market in APAC 2017-2021

About Pumps and Valves Services

Pumps are mechanical devices that transfer fluids from a source to a delivery point. They are required in almost all the sectors owing to the liquid fuel, water, oil, and slurry handling involved across industries. A valve is a device that controls the unidirectional flow of fluid through pipes and ducts. It is responsible for preventing the fluid from moving in an opposite direction.

Valves are responsible for maintaining the flow of fluid through any pipe or duct and can be used to start, stop, or throttle the flow of liquid. The main aim of valves is to ensure safety and increase the efficiency of a process. The demand for pumps and valves is mainly driven by the oil and gas industry, as the core of the business involves handling oil/oil products, which raises a high demand for these products throughout the plant to transport fluid and maintain safety.

Technavio’s analysts forecast the pumps and valves services market in APAC to grow at a CAGR of 7.17% during the period 2017-2021 .

Covered in this report

The report covers the present scenario and the growth prospects of the pumps and valves services market in APAC for 2017-2021 . To calculate the market size, the report considers the new installations, retrofit, replacements, commissioning and decommissioning as well as maintenance services.

The market is divided into the following segments based on geography:

  • Australia
  • China
  • India
  • Indonesia
  • Japan
  • Malaysia
  • Singapore
  • South Korea
  • Thailand
Technavio's report, Pumps and Valves Services Market in APAC 2017-2021 , has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Flowserve
  • GE
  • KSB
  • Weir
Other prominent vendors
  • Alfa Laval
  • Eaton
  • Gates
  • Grundfos
  • LEWA
  • New Super Hydraulic Pumps
  • Sulzer
Market driver
  • Benefits of outsourcing services over in-house pumps and valves maintenance services
  • For a full, detailed list, view our report
Market challenge
  • Emergence of in-house services in SME
  • For a full, detailed list, view our report
Market trend
  • Emergence of spares parts and services businesses for pumps and valves
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Pumps and Valves Services Market in APAC 2017-2021

Technavio recognizes the following companies as the key players in the pumps and valves services market in APAC: Flowserve, GE, KSB, and Weir.

Other Prominent Vendors in the market are: Alfa Laval, Eaton, Gates, Grundfos, LEWA, New Super Hydraulic Pumps, and Sulzer.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Emergence of spares parts and services businesses for pumps and valves. The pumps and valves services market is witnessing a higher demand, as they are highly profitable for any business, enable better and faster return on investments by focusing more on the R&D, and add an opportunity for new production and expansion. Many OEMs believe spending in service markets, especially on maintenance programs, can earn them sustainable growth with respect to the current economic condition. Regular maintenance services and proper monitoring can elevate the manufacturer above competitors even in a highly challenging environment.”

According to the report, one of the major drivers for this market is Benefits of outsourcing services over in-house pumps and valves maintenance services. At present, most industries prefer hiring outsourced parties over in-house services to perform maintenance and preventive services. With the responsibility for such services being transferred to the service providers, the owners can focus on core business activities efficiently. They can also focus on other issues such as improvement of production and maintenance of brand value in the market.

Further, the report states that one of the major factors hindering the growth of this market is Emergence of in-house services in SME. Some small and medium-sized enterprises (SME) prefer maintaining in-house services over hiring third parties. The end-users have dedicated special teams responsible for the maintenance services of equipment. Maintaining in-house teams for carrying out services does not require any additional cost, unlike outsourced service providers. This trend is mainly noticed in SMEs, as their scale of use of pumps and valves is limited and does not necessitate consulting an outsourced service provider.

Companies Mentioned

Flowserve, GE, KSB, and Weir, Alfa Laval, Eaton, Gates, Grundfos, LEWA, New Super Hydraulic Pumps, and Sulzer.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Application of pumps and valves
  • Market landscape
    • Market overview
      • Table Pumps and valves services market segmentation in APAC
    • Market size and forecast
      • Table Pumps and valves services market in APAC 2016-2021 ($ millions)
      • Table Comparative analysis of pumps and valves services in terms of in-house services and outsourced services
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Market overview
      • Table Pumps and valves services market in APAC by type 2016 (% share)
      • Table Pumps and valves services market in APAC by type 2021 % (share)
      • Table Comparative study of both type of segments with the concerned market ($ millions)
    • Pumps services market in APAC
      • Table Pumps services market in APAC 2016-2021 ($ millions)
    • Valves services market in APAC
      • Table Valves services market in APAC 2016-2021 ($ millions)
      • Table Pumps and valves services market in the APAC
  • Market segmentation by end-user
    • Market overview
      • Table Comparative analysis of the end-users in the concerned market
      • Table Pumps and valves services market in APAC by end-user 2016 (% share)
      • Table Pumps and valves services market in APAC by end-user 2021 (% share)
    • Pumps and valves services market in APAC in oil and gas industry
      • Table Pumps and valves services market in APAC in oil and gas industry 2016-2021 ($ millions)
      • Table Segmentation of global pumps and valves services market in oil and gas based on area of application ($ millions)
      • Table Pumps and valves services market in APAC in oil and gas industry
    • Pumps and valves services market in APAC in water and wastewater industry
      • Table Pumps and valves services market in APAC in water and wastewater industry 2016-2021 ($ millions)
      • Table Pumps and valves services market in APAC in water and wastewater industry
    • Pumps and valves services market in APAC in chemical and petrochemical industry
      • Table Pumps and valves services market in APAC in chemical and petrochemical industry 2016-2021 ($ millions)
      • Table Pumps and valves services market in APAC in chemical and petrochemical industry
    • Pumps and valves services market in APAC in power industry
      • Table Pumps and valves services market in APAC in power industry 2016-2021 ($ millions)
      • Table Pumps and valves services market in APAC in power industry
    • Pumps and valves services market in APAC in others
      • Table Pumps services market in APAC in others 2016-2021 ($ millions)
  • Regional landscape
    • Geographical segmentation
      • Table Regional market size and forecast (%) in APAC
    • Regional comparison
      • Table Regional comparison
    • China - Market size and forecast
      • Table Pumps and valves services - Market size and forecast in China ($ millions)
      • Table GDP of China in $ trillions
      • Table Forecast of % change in the GDP of China
      • Table Parameters to judge the economic growth in the forecast period based on past trends
      • Table Pumps and valves services market in China - Year-over-year growth (% share)
    • India - Market size and forecast
      • Table Pumps and valves services market in India - Market size and forecast ($ millions)
      • Table GDP of India in $ trillions
      • Table Forecast of % change in the GDP of India
      • Table Pumps and valves services market in India - Year-over-year growth (% share)
      • Table Parameters to judge the economic growth in the forecast period
    • Indonesia - Market size and forecast
      • Table Pumps and valves services market in Indonesia - Market size and forecast ($ millions)
      • Table GDP of Indonesia in $ billions
      • Table Forecast of % change in the GDP of Indonesia
      • Table Pumps and valves services market in Indonesia - Year-over-year growth (% share)
      • Table Parameters to judge the economic growth in the forecast period
    • Malaysia - Market size and forecast
      • Table Pumps and valves services market in Malaysia - Market size and forecast ($ millions)
      • Table GDP of Malaysia in $ billions
      • Table Forecast of % change in the GDP of Malaysia
      • Table Pumps and valves services market in Malaysia - Year-over-year growth (% share)
      • Table Parameters to judge the economic growth in the forecast period
    • Thailand - Market size and forecast
      • Table Pumps and valves services market in Thailand - Market size and forecast ($ millions)
      • Table GDP of Thailand in $ billions
      • Table Forecast of % change in the GDP of Thailand
      • Table Pumps and valves services market in Thailand - Year-over-year growth (% share)
      • Table Parameters to judge the economic growth in the forecast period
    • Others - Market size and forecast
      • Table Pumps and valves services market in others - Market size and forecast ($ millions)
      • Table Comparative study of the three countries
      • Table Major industries that will promote the pumps and valves services market in APAC in the three countries
      • Table Pumps and valves services market in others - Year-over-year growth (% share)
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Benefits of in-house services
      • Table Extended downtime impacts
      • Table Impact of the market trends
  • Market trends
    • Emergence of spares parts and services businesses for pumps and valves
    • Focus on establishing longer service contracts for pumps and valves
      • Table Advantages of long-term service contracts
    • Evolution of pumps and valves diagnostics
  • Vendor landscape
    • Competitive landscape
      • Table Competition scenario in pumps and valves services market in APAC
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Flowserve
      • Table End-user industries served
      • Table Services portfolio of Flowserve
    • GE
      • Table GE: Business units
      • Table Services portfolio of GE
    • KSB
      • Table Industries served by KSB
      • Table Service portfolio of KSB
    • Weir
      • Table Industries served by Weir
      • Table Service portfolio of Weir
  • Appendix
    • List of abbreviations
  • Explore Technavio

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