Doubts Related to the Thailand Water Pump Explained in the Report with Major Key Companies like KSB AG, Nanfang Pump Industry Co. Ltd., Kirloskar Brothers Limited, Shanghai Kaiquan Pump Group

United State,Washington: CMI presents an updated and Latest Study on Thailand Water Pump Market 2020-2026. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The report further elaborates on the micro and macroeconomic aspects including the socio-political landscape that is anticipated to shape the demand of the Thailand Water Pump market during the forecast period (2020-2026).

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Competitive Section

Key players operating in the Thailand water pump market are Grundfos, Venz Industrial Co., Ltd., Sulzer Ltd., Hung Pump Group, KSB AG, Nanfang Pump Industry Co. Ltd., Kirloskar Brothers Limited, Shanghai Kaiquan Pump Group Co Ltd, Flowserve Corporation, and Ebara Corporation.

A water pump is a device that moves water by mechanical action. Pumping of water is a basic and practical technique regardless of it whether water is drawn from a fresh source or moved to a needed location. Water pumps are operated by different sources of energy including electric, fuel engines, or wind power. These water pumps find applications in various end-use sectors including commercial, residential, agricultural, etc. There are two basic types of water pumps namely centrifugal and positive displacement. Although both water pumps are used to move water, centrifugal places use a rotating impeller to pressurize the discharge flow.

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Key Developments

Key companies in the market are focused on product launches, in order to enhance product portfolio. For instance, in September 2019, Sulzer Ltd. introduced XJ 900, a submersible drainage pump with a high-efficiency electric motor.

Major players in the market are involved in agreements and contracts, in order to gain a competitive edge in the market. For instance, in February 2018, KSB Pumps AG entered into contract Government of India to supply primary coolant pumps to NPCIL.

The Thailand water pump market was valued US$ 22.9 Mn in 2019 and expected to reach US$ 37.0 Mn by 2027.

Rising threat from private label players, particularly in the agriculture segment is a major threat for market players that are seeking to enter the Thailand market. Majority of farmers across the country are price sensitive and hence prefer buying low-priced water pumps rather than going for repeated brands. Moreover, Strong volume sales of water pumps for agricultural purposes, which are offered by domestic manufacturers at lower prices is aiding unorganized market and thus restraining growth of the Thailand water pump market in the near future.

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