Pumps and Valves Services Market in APAC to grow at a CAGR of 7.17% during the period 2017 - 2021; Finds New Report

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

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.

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

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.

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 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.

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?

Spanning over 105 pages “Pumps and Valves Services Market in APAC 2017 - 2021” report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market Segmentation By End-Users, Market Segmentation By End-User, Regional Landscape, Decision Framework, Drivers And Challenges, Market Trends, Vendor Landscape, Key Vendor Analysis, Appendix.

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For related reports please visit: Pump Market Research Reports

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