Press release
The Thailand Water Pump Market to be backed by reduced time-to-market at a CAGR of 6%
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.
Request to Sample report @
https://www.persistencemarketresearch.com/samples/6197
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.
Key Players Continue to Prefer Strategic M&A
As indicated by PMR's study, leading players in the Thailand water pump market are offering a broad range of products with advanced characteristic properties and low lifecycle costs. The Thailand water pump market is moving towards consolidation with various mergers & acquisitions taking place globally. Acquisitions of PIMS Group by Xylem Inc., Finder Pompe S.r.l. by Dover Corporation, and Alaska Pump and Supply, Inc. by DXP Enterprises are among the foremost acquisitions that were witnessed in 2013 in the global Thailand water pump market. In the first half of 2014, the largest pump manufacturer in GCC, Saudi Pump Factory signed a contract to sell 75% of its stake to Sulzer Ltd. This reflects growing market consolidation as well as strong future growth opportunities for global and regional players.
Get the report at a discounted price exclusively!!! https://www.persistencemarketresearch.com/methodology/6197
PMR's business analysis also offers comprehensive insights of the competitive scenario of the Thailand water pump market and differential strategies of key market players. Some of the prominent players in the market are 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. among others.
In addition, several significant players in the Thailand water pump market are adopting various strategies related to consumer demand, such as new product launches and significant development in research & development to enhance their product portfolio and upgrade their products in technological aspects. Furthermore, government utilities in developing and developed economies are focusing on adopting the public private partnership (PPP) model for wastewater management.
Get Full Access of the Report @ https://www.persistencemarketresearch.com/checkout/6197
Complete Report Details@ https://www.persistencemarketresearch.com/market-research/thailand-water-pump-market.asp
Read More Trending "PMR Exclusive Article"-
North and Latin America Water Pumps Market@ https://www.persistencemarketresearch.com/market-research/north-and-latin-america-water-pumps-market.asp
Water Pump Market@ https://www.persistencemarketresearch.com/market-research/water-pump-market.asp
Contact Us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
Website - https://www.persistencemarketresearch.com
About us-
Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on "micros" by Persistence Market Research helps companies overcome their "macro" business challenges.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release The Thailand Water Pump Market to be backed by reduced time-to-market at a CAGR of 6% here
News-ID: 2679295 • Views: …
More Releases from Persistence Market Research
Europe Textile Recycling Market to Reach US$ 2,966.5 Mn by 2032: Growth Driven b …
The Europe textile recycling market is undergoing a remarkable transformation as the region embraces sustainability, circular economy practices, and eco-conscious consumer behavior. Textile recycling-once a niche concept-has now become an integral part of Europe's strategy to reduce waste, conserve resources, and promote ethical fashion. Driven by government initiatives, growing awareness of textile waste's environmental impact, and technological innovation, the market is poised for steady growth in the coming years.
According to…
Agricultural Microbial Market to Reach US$ 17.47 Bn by 2032: Growth Driven by Su …
The agricultural microbial market is gaining remarkable traction as global farming practices shift toward sustainability, efficiency, and soil health improvement. Microbials-comprising beneficial bacteria, fungi, viruses, and protozoa-play a vital role in promoting plant growth, enhancing nutrient uptake, and protecting crops from diseases. With the world facing mounting pressure to increase agricultural productivity while minimizing environmental impact, microbial-based products are emerging as essential tools for modern agriculture.
According to the latest study…
Pine-derived Chemicals Market to Reach US$ 8.7 Bn by 2032, Driven by Rising Dema …
The global pine-derived chemicals market is witnessing steady growth as industries increasingly shift toward bio-based, renewable, and sustainable raw materials. Derived from pine trees, these chemicals-such as rosin, turpentine, and tall oil-are used in a variety of industrial and consumer applications, ranging from adhesives and coatings to food, pharmaceuticals, and personal care products. With growing awareness about environmental sustainability and the circular economy, pine-derived chemicals are gaining prominence as natural…
Bio-succinic Acid Market to Reach US$ 415.3 Mn by 2032: Growth Driven by Rising …
The bio-succinic acid market is rapidly emerging as a key component of the global bio-based chemical industry, owing to its versatile applications and sustainable production process. Bio-succinic acid, derived from renewable feedstocks such as sugar, corn, and agricultural waste, serves as a sustainable alternative to petrochemical-based succinic acid. Its eco-friendly nature, combined with rising concerns over carbon emissions and fossil fuel depletion, has made it increasingly popular across multiple industries.
According…
More Releases for Thailand
Thailand Planner Unveils Luxury Wedding & VIP Party Experiences in Thailand
Bangkok, Thailand - [Today's Date] - Siam Planner Co., Ltd. announces the official launch of Thailand Planner, a one-stop destination for luxury weddings, high-end parties, and corporate events in Thailand. Blending world-class planning with original hand-drawn calligraphy alphabet art and an app-style website interface, Thailand Planner delivers made-to-measure celebrations across Bangkok, Phuket, Samui, Pattaya, Chiang Mai, Krabi and beyond.
At the heart of the brand is a creative studio that designs…
Medical Device Market in Thailand, Medical Device Industry in Thailand, Covid-19 …
Thailand Medical Devices Market is an import driven market with advanced medical devices imported from countries such as US, Germany, Japan and China. Local companies majorly deal in surgical gloves, bandages, hospital hollowware and other equipment.
Growing Medical Tourism: Thailand medical tourism industry is the fourth largest out of 118 countries, with most people visiting Bangkok for medical treatment every year. The increasing medical tourist flow will drive the demand for…
Thailand Medical Education Market, Thailand Medical Education Industry, Covid-19 …
The report titled “Landscape of Thailand Medical Education Market-Increasing Number of Top Rated Universities coupled with Undertaking Cutting Edge Research Driving the Industry” provides a comprehensive analysis of the Medical Education system in Thailand along with its merits and drawbacks. It includes detailed analysis on Physician Education as well as specialized courses such as Internal Medicine and Ophthalmology in Thailand. The report also covers overview of the medical education industry…
Used Car Market in Thailand, Used Car Industry in Thailand, Covid-19 Impact Thai …
Key Findings
One negative for used cars is the 7% VAT that’s added to the bill if the customer buys from a showroom or used car dealer, or use a loan to finance the purchase.
Consumers are shifting away from traditional methods & increasing using online platforms for their used car buying/selling journey. Many start-ups and auto portals present in Southeast Asia are entering the Thailand market or expanding their presence through…
Thailand Used Car Market, Thailand Used Car Industry, Thailand Used Car Market R …
Increasing Internet Penetration: There were 52 million internet users in Thailand in January 2020 Internet penetration in Thailand was 75% during the same period. As the smart phone and internet penetration in Thailand is increasing, the used car dealers have been able to increase their footfall. They are using digitalization to make market offerings attractive. Digital platform provide online services such as photos and videos and instant finance which are…
Ophthalmology Market in Thailand, Ophthalmology Industry in Thailand, Covid-19 I …
The COVID-19 virus has been understood to cause eye-related complications including the formation of nodules in the macular region, cranial nerve palsy, retinal vein occlusion and AMD (Age-related Macular Degeneration)
Thailand completed the period for completing WHO launched Vision 2020 program. The program had 3 key targets including control of diseases that affect eye health, development of human resources and provision of appropriate technology and infrastructure
The King and Queen of…
