Press release
Vietnam Water Pumps Market Expected to Grow at 8.3% CAGR Through 2030 Amid Rising Agricultural & Infrastructure Needs
Vietnam Water Pumps Market Report Coverage | Details
◾ Study Period: Historical Data: 2019-22
◾ Base Year: 2023
◾ Forecast Period: 2024-2030
◾ CAGR (2024-2030): 8.3%
◾ Region Covered: North, South, Central
Expanding Agriculture & Urban Growth Driving Demand
Vietnam's agricultural base, which continues to play a vital role in the country's economy, is one of the primary drivers of pump demand. Farmers are increasingly shifting from traditional irrigation practices to mechanized and smart farming techniques, boosting the adoption of efficient water pumps for irrigation.
At the same time, rapid urbanization and infrastructure development are spurring demand for pumping solutions in residential complexes, commercial spaces, and municipal systems, particularly in water supply and wastewater management.
"Vietnam is undergoing a dual transformation in both agriculture and urban infrastructure, and pumps are at the heart of this transition," said a spokesperson for MarkNtel Advisors. "From irrigation to smart cities, the market is witnessing adoption of advanced, energy-efficient, and connected pumping technologies."
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Key Growth Drivers
◾ Technological Advancement in Agriculture: Adoption of smart pumps and IoT-based irrigation systems is enabling farmers to save labor, optimize water use, and increase yields.
◾ Infrastructure & Industrialization: Water pumps are in demand across construction, power generation, and industrial projects to meet Vietnam's growing urban and industrial needs.
◾ Renewable Energy Shift: Rural areas with limited electricity access are increasingly adopting solar-powered pumps, reducing reliance on costly diesel generators and lowering emissions.
Challenges to Overcome
Despite strong growth, the market faces obstacles:
◾ High Upfront Costs: Advanced pumps often require significant initial investment, limiting adoption among small-scale farmers.
◾ Supply Chain Gaps: Limited spare parts and weak aftersales services reduce confidence among users.
◾ Price Fluctuations: Rising costs of raw materials add to competitive pressures.
Emerging Vietnam Water Pumps Market Trends
A notable trend is the rising use of IoT- and GSM-enabled solar pumps, which allow real-time monitoring and remote operation. These smart solutions are gaining traction as Vietnam embraces digital agriculture and smart water infrastructure.
"Integration of IoT and renewable energy technologies is shaping the future of Vietnam's water pumps market," noted the research team. "This is especially relevant in agriculture and municipal projects, where efficient water management is essential."
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Vietnam Water Pumps Market Segmentation
◾ By Type of Pumps: Centrifugal Pumps [Overhung Pumps, Split Case Pumps, Vertical Pumps], Positive Displacement Pumps [Diaphragm Pumps, Piston Pumps, Gear Pumps, Lobe Pumps, Progressive Cavity Pumps, Screw Pumps, Vane Pumps, Peristaltic Pumps]
◾ By Power Rating: Up to 0.25HP, 0.25-0.5HP, 0.5 HP-1HP, 1HP-1.5HP, Above 1.5HP
◾ By Price Range: Economy, Medium, High, Premium
◾ By End User: Oil & Gas, Power Generation, Residential, Agriculture & Irrigation, Commercial Building, HVAC, Fire, Chemicals, Water & Wastewater, Food & Beverage
Based on pump type, the Positive Displacement Pumps contribute significantly to the growth of the Vietnam Water Pumps Market due to their unique functionality.
Geography:
◾ North
◾ South
◾ Central
The northern region of Vietnam drives growth in the Water Pump Market due to its significant agricultural sector, densely populated & developed than other regions of Vietnam, situated near the Red River Delta, and has diverse water management needs. It relies heavily on water pumps for irrigation in rice fields and other crops.
Leading Companies
Major players shaping the market include EBARA Vietnam Pump Company, Grundfos Vietnam Co., Ltd, HAPUMA, Intech Pumps Vietnam Company, Iwaki Co., Ltd., KSB Vietnam Co., Ltd., Sai Gon Industrial Service, Tsurumi Manufacturing Co., Ltd., WILO SE, and ITT BORNEMANN GmbH.
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Frequently Asked Questions (FAQs):
Q1. What is the projected CAGR for the Vietnam Water Pumps Market (2024-2030)?
Q2. Which end-user segment drives the market?
Q3. What are the primary growth enablers?
Q4. What are the main challenges?
Q5. Which regions in Vietnam show the highest demand?
Explore More Market Research Insights:
◾ The Global Water Pump Market size was valued at around USD 47.40 billion in 2024 and is projected to reach USD 58.18 billion by 2030.. (Source: https://www.marknteladvisors.com/research-library/global-water-pumps-market.html )
◾ The Middle East & North Africa (MENA) Water Pumps Market is projected to grow at a CAGR of around 3.81% by 2027. (Source: https://www.marknteladvisors.com/research-library/middle-east-north-africa-water-pumps-market.html )
Contact:
MarkNtel Advisors
Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India
Contact No: +91 8719999009
Email: sales@marknteladvisors.com
About MarkNtel Advisors:
We are a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
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