Press release
Vietnam Pumps Market Size 2022, Share Report, CAGR Status, Covid-19 Impact Analysis, Growth, Industry Forecast 2032
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Vietnam Pumps Market Overview:
• Forecast CAGR (2022-2032): 9.38%
• Forecast Market Size (2032): 1.23 billion
Demand for residential Pumps Market is expected to drop year on year last year due to lower consumer spending and Covid-19 lockdowns. In addition, with major companies such as Apple, Microsoft and Google planning to move their production lines from China to Vietnam due to its proximity to Shenzhen (China's manufacturing hub), the increased job opportunities within the country will increase the number of jobs in the coming years. Demand is expected to grow over the years. It also enables organizations to smoothly route manufacturing units. In addition, Vietnam's currency has stabilized due to improved monetary policy, with the country pegging its currency directly to the US dollar through a crawl peg system. All these factors are expected to stimulate the economy, increase purchasing power, and create new employment opportunities that will help improve people's lives, driving overall demand for Pumps for home use over the next few years. increase exponentially.
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The Vietnam Pumps Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; EBARA Vietnam Pump Company Limited, Grundfos Vietnam Co., Ltd., Hai Duong Pump Manufacturing Joint Stock Company, Intech Pumps, Iwaki Pumps Vietnam, KSB Vietnam Co., Ltd., Sai Gon Industrial Service, Tsurumi Pump Viet Nam Co., Ltd., WILO Vietnam Co. Ltd.
SPER Market Research study aims to provide market dynamics, demand and supply with yearly forecast to 2032. This report provides data for growth estimates and forecasts for product type segment - By Type of Pumps {Centrifugal Pumps (Submersible Pumps, Single Stage Submersible Pump, Multi-stage Submersible Pump, Non-Submersible Pumps), Positive Displacement Pumps (Rotary Pumps, Reciprocating Pumps)}, By Well (Shallow Well, Deep Well), By Function (Automatic, Non- Automatic), By Power Rating (Up to 0.25 HP, 0.25-0.5 HP, 0.5 HP-1 HP, 1 HP-1.5 HP, above 1.5 HP), By Price Range (Economy, Medium, High, Premium), By End Users {Industrial Sector (Manufacturing, Mining, Power, Oil), Government Sector (Government Projects), Commercial Sector (Building Construction)}.
This report also provides data for key regional segments of Vietnam.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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