Thailand Water Pump Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Country: (Thailand)

Thailand Water Pump Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Country: (Thailand)

The Thailand water pump market is set for notable growth during the forecast period of 2024 to 2031, driven by the increasing demand for efficient water management solutions. Water scarcity has become a critical global issue, prompting governments to enforce stringent regulations on water recycling and reuse across various industries. In Thailand, a developing economy with a robust agricultural sector, the demand for water pumps is expected to see a compounded annual growth rate (CAGR) of approximately 6%. This growth is spurred by Thailand's rapid industrialization and urbanization trends, which underscore the need for sustainable and efficient water infrastructure.

In Thailand, significant demand is anticipated for centrifugal water pumps below 30 HP, primarily used for micro-irrigation purposes in agriculture. Additionally, the rise of industrial and urban infrastructure projects has contributed to the increased demand for water pumps, particularly in developing regions. Thailand ranks among the top global consumers of water in the agro-industrial and food production sectors, a trend expected to persist and drive growth in the water pump market in the coming years.

Market Drivers

Key drivers in Thailand's water pump market include:

1.Water Scarcity Regulations: Government emphasis on water recycling and reuse in industries is amplifying the need for water pumps.

2.Agricultural Demand: Thailand’s predominantly agrarian economy requires water pumps to support increasing irrigation needs across expanding cultivable land.

3.Industrialization: Rising urbanization and industrialization demand efficient water infrastructure, particularly in energy and industrial sectors, to support growth.

4.Retrofitting Initiatives: Replacement of outdated components in existing systems with modern, energy-efficient water pumps is a crucial factor supporting market expansion.

Business Opportunity

The Thailand water pump market offers promising opportunities, particularly for local manufacturers who can leverage the region's cost advantages. South Asia, as a global manufacturing hub, presents benefits like low input costs, skilled labor, and access to raw materials and technology. Manufacturers in Thailand are increasingly looking to capitalize on these benefits by targeting export markets in regions such as Africa, East Europe, and Latin America.

Regional Overview
• Central & Eastern Thailand: The region, including Bangkok, accounts for 30% of the total water pump market. This economically prosperous area remains the largest contributor to Thailand’s water pump market revenue.
• Northern and Northeastern Thailand: Agricultural activities dominate these regions, creating high demand for water pumps for micro-irrigation.
• Southern Thailand: Also contributes significantly to the water pump market, driven by both agricultural and industrial activities.

Key Players in Thailand’s Water Pump Market

The Thailand water pump market remains highly fragmented, with the top players holding around 15-20% of the market share. Leading companies in this competitive landscape include:
• 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
• Venz Industrial Co., Ltd.

Thailand Water Pump Market Segmentation

Fairfield Market Research study on the Thailand water pump market is divided into four segments, which are product type, capacity, end use, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.

By Product
• Submersible
• Monobloc

Capacity
• Upto 3 HP
• 3-5 HP
• 5-10 HP
• 10-15 HP
• 15-20 HP
• 20-30 HP

End Use
• Industrial
Chemicals
Power
Oil & Gas
Pharmaceuticals
Food & Beverages
Others
• Agriculture
• Domestic

Region
• Nothern Thailand
• Northeastern Thailand
• Central & Eastern Thailand
• South Thailand

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