Thailand Water Pump Market 2022 Trends, Share, Size, Growth, Opportunity and Forecast to 2029

Thailand Water Pump Market 2022-2029

The sales of water pumps in Thailand reached 13,659 units in 2018, unveils a new research report on Thailand’s water pump industry, by Persistence Market Research (PMR). According to the study, the Thailand water pump market is projected to grow at ~6% CAGR in the forecast period. Thailand has been witnessing a considerable increase in water supply over the recent past. The government has also been initiating several sanitation projects, which remains an important factor propelling demand for water pumps in Thailand.

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Growing demand for water pumps is a result of massive industrialization and urbanization in cities in Thailand. Wastewater, encompassing industrial and municipal segments together, accounted for a third of the global pump market in 2018, and is expected to lead the way over the forecast period as well. Thailand’s water pump market is likely to equate the revenues worth ~US$ 23 Mn in 2019, according to the PMR study.

 Key Players:

The report has profiled some of the Important players prevalent in the global like – Grundfos, Sulzer Ltd., KSB AG, Kirloskar Brothers Limited, Flowserve Corporation, Ebara Corporation, Shanghai Kaiquan Pump Group Co Ltd., Nanfang Pump Industry Co. Ltd., Hung Pump Group, and Venz Industrial Co., Ltd and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Thailand Water Pump.                                            

Application Rising in Agro-industrial and Food Production

Thailand water pump market is expected to register a significant CAGR over the forecast period. The key dynamics that continue to influence the demand include less manufacturing expenses of water pumps, growth of water supply network in the region, industrialization and urbanization, increasing suitable agriculture land, and growing land under cereal production. As Thailand is an agriculture-focused country, growth in the agricultural sector is leading to mounting trend of micro-irrigation in compact farms, which is estimated to increase deployment of centrifugal water pumps.

The rising demand for effective social and industrial infrastructure in Thailand, including that for energy and water, and retrofitting & replacement of aging infrastructural components in developed regions is driving the growth of water pump market in Thailand. As of 2018, Thailand is among the world’s top ten countries in terms of consumption of water for agro-industrial and food production purposes. This is providing significant impetus to the growth of the Thailand water pump market.

The sales of water pumps, especially those below 30 HP centrifugal and used for domestic applications, is particularly expected to be on a constant high trajectory, according to report findings. Growing demand for efficient water supply infrastructure, especially for agriculture and domestic application, is expected to increase sales of centrifugal water pumps in the country.

This study highlights key opportunities in the Thailand water pump market and finds that the market would exhibit growth at a CAGR of ~6% during the projection period. For in-depth information about the Thailand water pump market, write to the analyst at media@persistencemarketresearch.com

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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders 
Thailand Water Pump Market Manufacturers 
Thailand Water Pump Market Distributors/Traders/Wholesalers 
Thailand Water Pump Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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Key Questions Answered in This Report.

What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
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This release was published on openPR.