Vietnam Pumps Market will be Driven by Increasing Government Investment on Infrastructure, Irrigation and Wastewater Treatment plant: Ken Research

“Increase in Floor Area constructed for Household and Office use coupled with rising Water Consumption has driven the Vietnam Pumps Market”

Rising number of Office Spaces Constructed: Vietnam is developing at a rapid rate, in terms of industrial and commercial development. Vietnam has witnessed an increase in area of office spaces constructed which has further fueled the overall demands for Pumps in Vietnam. The Office spaces area constructed was 3,150.0 Thousand Square Meters in 2018 and in future it is anticipated that will reach up to 3,451.1 Thousand Square Meters in 2023.

Rising number of Household Floor Spaces Constructed: In Vietnam, it has been observed that the demand for pumps has increased due to surge in the area of household floors constructed as this has directly impacted the demand for HVAC pumping Systems in the country. The Household floor area constructed has reached to 116.8 Thousand Square meters in 2018 and in future it is expected that this will further increase and reach upto 161.6 Thousand Square meters in 2023.

Increasing Water Consumption: Vietnam has witnessed rising demands for Drinking and Useable water due to which Government and Private Players has installed new water filtration plants from the year 2011, which has subsequently increased the demand for Pumps in Vietnam. Water Consumption in Vietnam has reached to 8.5 Million Cubic Meters in 2018 and in future it is anticipated that it will reach up to 13.8 Million Cubic Meters in 2023, which will further augment the demand of pumps in the country.

The report titled “Competition Benchmarking in Vietnam Pumps Market – HAPUMA, Ebara Vietnam, Grundfos Vietnam, WILO Vietnam, KSB Vietnam, IWAKI Vietnam, TSURUMI Pump Vietnam Company, INTECH Pump, SAIGON Industrial Pump JSC Vietnam” by Ken Research suggested that Vietnam Pumps Market has been increasing due to rising demand from commercial and industrial end users, increasing government investment in infrastructure and irrigation activities.
The market is expected to register a positive CAGR of 9.1% in terms of revenue during the forecast period 2018-2023E.

For more information on the research report, refer to below link:
https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/competition-benchmarking-in-vietnam-pumps-market/233279-97.html

Key Target Audience
• Global Pump Manufacturers
• Vietnamese Pump Manufacturers
• Construction firms
• Water Filtering Firms
• HVAC
Key Segments Covered
• By Type of Pumps
 Centrifugal Pumps
o Submersible Pumps
 Single Stage Submersible Pump
 Multi-stage Submersible Pump
o Non-Submersible Pumps
 Positive Displacement Pumps
o Rotary Pumps
o Reciprocating Pumps
• By End Users
 Industrial Sector (Manufacturing, Mining, Power and Oil)
 Government Sector (Government Projects)
 Commercial Sector (Building Construction)

Key Target Audience
• Distributors
• Infrastructure Companies
• Government Associations
• Private Equity and Venture Capitalists firms
• Pump Manufacture

Time Period Captured in the Report:
• Historical Period: CY’2013 – CY’2018
• Forecast Period: CY’2019E – CY’2023E

Companies Covered:
• Grundfos Vietnam Co., Ltd.
• KSB Vietnam Co., Ltd.
• EBARA Vietnam Pump Company Limited
• WILO Vietnam Co. Ltd
• Hai Duong Pump Manufacturing Joint Stock Company
• Intech Pumps
• Tsurumi Pump Viet Nam Co., Ltd.
• Iwaki Pumps Vietnam
• Sai Gon Industrial Service

Datapoints Covered on Competition
• Market Share
• Revenue and Revenue mix,
• Number of plants
• Production area
• Certifications
• Number of Employees and Distributors
• Warranty
• Strength and Weakness
• Best Selling Products
• Product Portfolio

Key Topics Covered in the Report
• Vietnam Pumps Market
• Vietnam Pumps Market Ecosystem
• Competitive Scenario of Major Players in Vietnam Pumps Market
• Vietnam Pumps Market Service Matrix
• Key Metrics For Major Market Players
• Market Share for Major Players Operating in the Vietnam Pumps Market
• Competitive Landscape of Major Players in Vietnam Pumps Market
• Analyst Recommendation

Related Reports
https://www.kenresearch.com/manufacturing-and-construction/machinery-and-parts/indonesia-pumps-market-report/83202-97.html

https://www.kenresearch.ae/manufacturing-and-construction/machinery-and-parts/india-pumps-market-research-report/642-97.html

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Ken Research
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Ankur@kenresearch.com
+91-9015378249

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