Asia Pacific Side Channel Pumps Market Analysis on Market Share, Ongoing Trends, Top Players, Regional Players

The Asia Pacific side channel pumps market is set to garner significant gains by 2027 due to the expanding water treatment industry in the region. Moreover, the robust growth of the pharmaceutical sector during the COVID-19 pandemic is estimated to boost market adoption over the coming years.
Side channel pumps are self-priming pumps that can handle up to 50% of entrained gas with fluid and vapor moving through the pump in different directions. These pumps offer multiple advantages, including high-temperature handling, self-priming, easy pumping of volatile chemicals with varying inlet pressures, and low NPSH (net positive suction heads) requirements, which is essential while pumping liquid hydrogen, liquified petroleum gas (LPG), refrigerants, liquid CO2, liquid ammonia, and other hydrocarbons to prevent gas locking in the pump.
These pumps have extensive applications across several industry verticals and are mainly used in boiler feed, liquid CO2 circulation, hazardous liquid transfer, refrigerant circulation & transfer, and condensate extraction, among others. Additionally, the ongoing COVID-19 pandemic has encouraged many pharmaceutical companies in Asia to make notable advances in the global drug market. Growing R&D activities focused on the development and widespread production of vaccinations and antiviral drugs for COVID-19 treatment has also fueled product adoption in the region during the pandemic.
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Furthermore, companies in the Asia Pacific side channel pumps industry are employing profitable strategies to strengthen their foothold in the rapidly evolving marketplace, which has positively impacted the overall business landscape. For instance, in June 2021, SPECK Pumpen, a key manufacturer of pumps and compressors, launched its novel compact SKL series of self-priming side channel pumps, especially designed for general water pumping.
To cite another instance, in May 2020, CIRCOR International, Inc., a prominent industrial valve manufacturing company, announced the expansion of its production facility located in Weihai, Shandong province. The expansion of CIRCOR’s presence in the Weihai Economic and Technological Development Zone (ETDZ) was intended to improve its ability to offer robust support and proximity to new and long-term flow control clients as well as the area supplier base.
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The Asia Pacific side channel pumps market has been segmented on the basis of end-user and region. From the regional point of view, the South Korea side channel pumps market is expected to observe exponential growth over the forecast period primarily owing to the proliferating shipbuilding and chemicals industries in the region.
The shipbuilding segment accounts for around 2% of the South Korean GDP and the country is a global leader in the shipbuilding industry. For instance, four of the top eight firms in the business are based in South Korea, with Hyundai Heavy Industries being the largest company.