Sales of Industrial Pumps in Asia Will Reach Almost US$16 Billion This Year

Sales of industrial pumps in Asia will reach almost US$16 billion this year according to the McIlvaine Co's latest Pumps World Markets research. Municipal water and wastewater will account for 37% of pump purchases in Asia. The lack of adequate water supplies is resulting in substantial increases in pump investments for the transport of water to arid areas, while McIlvaine expects the high water pollution levels to also result in increased purchases of pumps for treatment systems. At US$1890 million, power is the next largest segment of the Asian pump market. While China continues to build large numbers of coal-fired power plants, Vietnam, India and Indonesia are also expanding coal-fired electricity generation. McIlvaine points out that the nuclear disaster in Japan is resulting in additional pump purchases as alternative energy sources are used. Source: worldpumps.com