Product Code: ETC017509 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Philippines Pumps market currently, in 2023, has witnessed an HHI of 1313, Which has increased slightly as compared to the HHI of 835 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Philippines pumps market is expected to grow at a CAGR of 5.9% during the forecast period (2025-2031). Factors such as increasing investments in infrastructure projects, growing demand from various end-user industries, and government initiatives for energy efficiency are driving the growth of the Philippines pumps market. The rising adoption of variable frequency drives (VFDs) is one of the major trends prevailing in this market. Additionally, players in the Philippines pumps industry are focusing on expanding their presence by launching new products with enhanced features to cater to customer needs and preferences
The key drivers propelling growth in the Philippines pumps market include increasing investments into infrastructure projects; growing demand from different end-user industries such as water & wastewater treatment, oil & gas, chemicals & petrochemicals, power generation among others; technological advancements leading to improved energy efficiency; government incentives/policies promoting renewable sources for electricity production; and availability of low cost raw materials used for manufacturing industrial equipment including pumps
However, high initial cost due to technical complexity associated with pump systems may hamper growth prospects over short term perspective. In addition, lack of skilled labor force required for efficient installation also act as potential restraints hampering growth prospects over next few years
Due to covid 19 pandemic there has been disruption in supply chains which resulted into delayed shipments thus impacting business operations across various industrial sectors including mining industry where use of heavy machines require efficient maintenance through usage pump systems resulting into decreased revenues especially during first two quarters of 2025 when majority economies were under severe lockdown restrictions imposed by governments around world thus restraining overall revenue generated by companies engaged within pump system manufacturer space however since third quarter revenue witnessed gradual recovery yet still not achieving pre covid levels due prolonged lockdowns affecting certain developed countries like US and EU region but gradually recovering due reopening up commercial activities worldwide thereby improving outlook towards global economy going forward till 2025
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 Philippines Pumps Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Pumps Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Pumps Market - Industry Life Cycle |
3.4 Philippines Pumps Market - Porter's Five Forces |
3.5 Philippines Pumps Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Philippines Pumps Market Revenues & Volume Share, By Position, 2021 & 2031F |
3.7 Philippines Pumps Market Revenues & Volume Share, By Driving Force, 2021 & 2031F |
3.8 Philippines Pumps Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.9 Philippines Pumps Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Pumps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Pumps Market Trends |
6 Philippines Pumps Market, By Types |
6.1 Philippines Pumps Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Philippines Pumps Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 Philippines Pumps Market Revenues & Volume, By Portable, 2021-2031F |
6.1.4 Philippines Pumps Market Revenues & Volume, By Stationary, 2021-2031F |
6.2 Philippines Pumps Market, By Position |
6.2.1 Overview and Analysis |
6.2.2 Philippines Pumps Market Revenues & Volume, By Submersible, 2021-2031F |
6.2.3 Philippines Pumps Market Revenues & Volume, By Non-submersible, 2021-2031F |
6.3 Philippines Pumps Market, By Driving Force |
6.3.1 Overview and Analysis |
6.3.2 Philippines Pumps Market Revenues & Volume, By Engine Driven, 2021-2031F |
6.3.3 Philippines Pumps Market Revenues & Volume, By Electrical Driven, 2021-2031F |
6.4 Philippines Pumps Market, By Technology |
6.4.1 Overview and Analysis |
6.4.2 Philippines Pumps Market Revenues & Volume, By Centrifugal Pumps, 2021-2031F |
6.4.3 Philippines Pumps Market Revenues & Volume, By Diaphragm Pumps, 2021-2031F |
6.5 Philippines Pumps Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Philippines Pumps Market Revenues & Volume, By Mining, 2021-2031F |
6.5.3 Philippines Pumps Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.5.4 Philippines Pumps Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.5.5 Philippines Pumps Market Revenues & Volume, By Industrial, 2021-2031F |
6.5.6 Philippines Pumps Market Revenues & Volume, By Municipal, 2021-2031F |
7 Philippines Pumps Market Import-Export Trade Statistics |
7.1 Philippines Pumps Market Export to Major Countries |
7.2 Philippines Pumps Market Imports from Major Countries |
8 Philippines Pumps Market Key Performance Indicators |
9 Philippines Pumps Market - Opportunity Assessment |
9.1 Philippines Pumps Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Philippines Pumps Market Opportunity Assessment, By Position, 2021 & 2031F |
9.3 Philippines Pumps Market Opportunity Assessment, By Driving Force, 2021 & 2031F |
9.4 Philippines Pumps Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.5 Philippines Pumps Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Pumps Market - Competitive Landscape |
10.1 Philippines Pumps Market Revenue Share, By Companies, 2024 |
10.2 Philippines Pumps Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |