| Product Code: ETC4940948 | Publication Date: Nov 2023 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Armenia import trend for the pumps market showed significant growth from 2023 to 2024, with a growth rate of 27.23%. The compound annual growth rate (CAGR) for the period 2020-2024 stood at 22.18%. This robust import momentum can be attributed to increased demand for pumps in various sectors, indicating market stability and a positive trade environment during this period.

The Pumps market in Armenia is projected to grow at a exponential growth rate of 15.88% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Armenia Pumps Market Overview |
3.1 Armenia Country Macro Economic Indicators |
3.2 Armenia Pumps Market Revenues & Volume, 2022 & 2032F |
3.3 Armenia Pumps Market - Industry Life Cycle |
3.4 Armenia Pumps Market - Porter's Five Forces |
3.5 Armenia Pumps Market Revenues & Volume Share, By Product, 2022 & 2032F |
3.6 Armenia Pumps Market Revenues & Volume Share, By Position, 2022 & 2032F |
3.7 Armenia Pumps Market Revenues & Volume Share, By Driving Force, 2022 & 2032F |
3.8 Armenia Pumps Market Revenues & Volume Share, By Technology, 2022 & 2032F |
3.9 Armenia Pumps Market Revenues & Volume Share, By Application, 2022 & 2032F |
4 Armenia Pumps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Armenia Pumps Market Trends |
6 Armenia Pumps Market Segmentations |
6.1 Armenia Pumps Market, By Product |
6.1.1 Overview and Analysis | 6.1.3 Armenia Pumps Market Revenues & Volume, By Portable, 2022-2032F |
6.1.3 Armenia Pumps Market Revenues & Volume, By Stationary, 2022-2032F |
6.2 Armenia Pumps Market, By Position |
6.2.1 Overview and Analysis |
6.2.2 Armenia Pumps Market Revenues & Volume, By Submersible, 2022-2032F |
6.2.3 Armenia Pumps Market Revenues & Volume, By Non-submersible, 2022-2032F |
6.3 Armenia Pumps Market, By Driving Force |
6.3.1 Overview and Analysis |
6.3.2 Armenia Pumps Market Revenues & Volume, By Engine Driven, 2022-2032F |
6.3.3 Armenia Pumps Market Revenues & Volume, By Electrical Driven, 2022-2032F |
6.4 Armenia Pumps Market, By Technology |
6.4.1 Overview and Analysis |
6.4.2 Armenia Pumps Market Revenues & Volume, By Centrifugal Pumps, 2022-2032F |
6.4.3 Armenia Pumps Market Revenues & Volume, By Diaphragm Pumps, 2022-2032F |
6.5 Armenia Pumps Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Armenia Pumps Market Revenues & Volume, By Mining, 2022-2032F |
6.5.3 Armenia Pumps Market Revenues & Volume, By Building & Construction, 2022-2032F |
6.5.4 Armenia Pumps Market Revenues & Volume, By Oil & Gas, 2022-2032F |
6.5.5 Armenia Pumps Market Revenues & Volume, By Industrial, 2022-2032F |
6.5.6 Armenia Pumps Market Revenues & Volume, By Municipal, 2022-2032F |
7 Armenia Pumps Market Import-Export Trade Statistics |
7.1 Armenia Pumps Market Export to Major Countries |
7.2 Armenia Pumps Market Imports from Major Countries |
8 Armenia Pumps Market Key Performance Indicators |
9 Armenia Pumps Market - Opportunity Assessment |
9.1 Armenia Pumps Market Opportunity Assessment, By Product, 2022 & 2032F |
9.2 Armenia Pumps Market Opportunity Assessment, By Position, 2022 & 2032F |
9.3 Armenia Pumps Market Opportunity Assessment, By Driving Force, 2022 & 2032F |
9.4 Armenia Pumps Market Opportunity Assessment, By Technology, 2022 & 2032F |
9.5 Armenia Pumps Market Opportunity Assessment, By Application, 2022 & 2032F |
10 Armenia Pumps Market - Competitive Landscape |
10.1 Armenia Pumps Market Revenue Share, By Companies, 2025 |
10.2 Armenia Pumps Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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