January 24, 2022
According to the research report titled ‘Asia Pacific Side Channel Pumps Market Size By End-User (Chemical {Liquid Transfer, Boiler Feed, LPG Pumping, Heating/ Air Conditioning}, Food & Beverage, Pharmaceutical, Petrochemical, Shipbuilding, Water Treatment, Oil & Gas), COVID-19 Impact Analysis, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, Asia Pacific side channel pumps market is expected to record considerable growth over 2021-2027.
Asia Pacific side channel pumps market growth is expected to be driven by developing water treatment sector. Furthermore, the pharmaceutical industry's strong performance during the COVID-19 pandemic is projected to enhance market performance in the coming years.
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For the unversed, side channel pumps are self-priming pumps capable of handling 50% of entrained gas, with fluid and vapor travelling in opposite directions through the pump. These pumps have a wide range of uses in several industries, including refrigerant circulation and transfer, liquid CO2 circulation, boiler feed, hazardous liquid transfer, and condensate extraction, to name a few.
Easy pumping of volatile chemicals with varying inlet pressures, high-temperature handling, self-priming, and low NPSH (net positive suction heads) requirements are a few advantages of these pumps, which is crucial when pumping liquid hydrogen, liquified petroleum gas (LPG), refrigerants, liquid CO2, liquid ammonia, and other hydrocarbons to avoid gas locking in the pump.
The outbreak of COVID-19 pandemic positively impacted side channel pumps market in Asia Pacific, as the crisis prompted numerous Asian pharmaceutical companies to make significant progress in medication market. Increasing R&D operations aimed at the development and broad production of COVID-19 vaccines and antiviral medications increased the scope of side channel pumps.
From the geographical perspective, South Korea market size is predicted to multiply at an exponential rate throughout the forecast period, owing to the region's rapidly progressing shipbuilding and chemicals sectors.
Coming to competitive landscape, Gardner Denver, Dev Engineers, Emmecom (Asia) Pte. Ltd., Manvac Technik Ltd., Aqua Group, and Garbarino Pumps S.p.A. are among the leading companies operating in Asia Pacific side channel pumps marketplace.
Major industry players are utilizing profitable ways to enhance their position in the marketplace. For instance, SPECK Pumpen, a major pump and compressor manufacturer, introduced its new compact SKL series of self-priming side channel pumps in June 2021, which are specifically built for general water pumping.