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Vietnam Pumps Market will be Driven by Increasing Government Investment on Infrastructure, Irrigation and Wastewater Treatment plant: Ken Research
November 2019

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“Increase in Floor Area constructed for Household and Office use coupled with rising Water Consumption has driven the Vietnam Pumps Market”.

The report titled “Competition Benchmarking in Vietnam Pumps Market – HAPUMA, Ebara Vietnam, Grundfos Vietnam, WILO Vietnam, KSB Vietnam, IWAKI Vietnam, TSURUMI Pump Vietnam Company, INTECH Pump, SAIGON Industrial Pump JSC Vietnamby Ken Research suggested that Vietnam Pumps Market has been increasing due to rising demand from commercial and industrial end users, increasing government investment in infrastructure and irrigation activities.

The market is expected to register a positive CAGR of 9.1% in terms of revenue during the forecast period 2018-2023E.

Rising number of Office Spaces Constructed: Vietnam is developing at a rapid rate, in terms of industrial and commercial development. Vietnam has witnessed an increase in area of office spaces constructed which has further fueled the overall demands for Pumps in Vietnam. The Office spaces area constructed was 3,150.0 Thousand Square Meters in 2018 and in future it is anticipated that will reach up to 3,451.1 Thousand Square Meters in 2023.

Rising number of Household Floor Spaces Constructed:  In Vietnam, it has been observed that the demand for pumps has increased due to surge in the area of household floors constructed as this has directly impacted the demand for HVAC pumping Systems in the country. The Household floor area constructed has reached to 116.8 Thousand Square meters in 2018 and in future it is expected that this will further increase and reach upto 161.6 Thousand Square meters in 2023.

Increasing Water Consumption: Vietnam has witnessed rising demands for Drinking and Useable water due to which Government and Private Players has installed new water filtration plants from the year 2011, which has subsequently increased the demand for Pumps in Vietnam. Water Consumption in Vietnam has reached to 8.5 Million Cubic Meters in 2018 and in future it is anticipated that it will reach up to 13.8 Million Cubic Meters in 2023, which will further augment the demand of pumps in the country.

Key Segments Covered:-

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 End Users

Industrial Sector (Manufacturing, Mining, Power and Oil etc)

Government Sector (Government Projects)

Commercial Sector (Building Construction)

Key Target Audience:-

Distributors

Infrastructure Companies

Government Associations

Private Equity and Venture Capitalists Firms

Pump Manufacture

Time Period Captured in the Report:-

Historical Period: CY’2013-CY’2018

Forecast Period: CY’2019E – CY’2023E

Companies Covered:-

Grundfos Vietnam Co., Ltd.

KSB Vietnam Co., Ltd.

EBARA Vietnam Pump Company Limited

WILO Vietnam Co. Ltd

Hai Duong Pump Manufacturing Joint Stock Company

Intech Pumps

Tsurumi Pump Viet Nam Co., Ltd.

Iwaki Pumps Vietnam

Sai Gon Industrial Service

Datapoints Covered on Competition

Market Share

Revenue and Revenue Mix

Number of Plants

Production Area

Certifications

Number of Employees and Distributors

Warranty

Strength and Weakness

Best Selling Products

Product Portfolio

For more information on the research report, refer to below link:-

Vietnam Pumps Market

Related Reports:-

Indonesia Pumps Industry Outlook To 2021 - Increasing Government Initiatives Towards Irrigation And Wastewater Treatment With Expansion Of Industrial Sector To Drive Growth

India Pumps Market Outlook To 2019 - Driven By Government Investments And Technological Advancements

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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249