SPECIAL FOCUS AREA: PUMPS & VALVES SHOWCASE

Tube Southeast Asia continues to stay on the pulse of the industry as it anticipates the future needs of the region. The rapid economic growth of Southeast Asia as well as large-scale mechanisation and demand for energy has provided regional and global players with tremendous opportunities in the vibrant industrial and manufacturing landscape - leading to massive potential in the pumps and valves market.

Pumps and Valves

ASIA- PACIFIC TO DOMINATE THE MARKET

According to Mordor Intelligence, Asia-Pacific region dominated the global market share in 2017. With growing oil and gas industrial activities and the increasing need for water treatment in countries such as China, India, and Japan, the usage of industrial valves is increasing in the region.

PUMPS

  • The global industrial pumps market is forecast to reach US$88.43 billion by 2025
  • The Asia Pacific region is expected to grow by a further 6.7% through to 2025
  • Rising demand due to increase in infrastructure development, oil production, water supply and sanitation

VALVES

  • Global industrial valves market to reach US$84.3 billion by 2023
  • Market is growing at a CAGR of 3.6% through to 2023 with demand from oil and gas and the energy and power industries
  • Growth arise due to oil and gas production-related facilities in the Middle East, growing demand for energy in Asia Pacific and smart city initiatives

Industries with high demand for pumps and valves

  • Aerospace and automotive
  • Building and construction
  • Chemical and petrochemical
  • Electrical engineering and electronics
  • Food and beverage
  • Metals and mining
  • Oil and gas
  • Pharmaceuticals
  • Power generation
  • Water and wastewater treatment
... and many more
Pumps and Valves

For more information and how you can be a part of this showcase, contact us at tube@mda.com.sg

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