Vietnam Pumps Market Research Report & Future Outlook: Ken Research

How is the Vietnam Pumps Market is Positioned?

Around a decade ago, the market for pumps in Vietnam was completely import driven with majority of the domestic demand being met through imports from Japan, China, Germany and Malaysia. However, import from Japan and China had dominated the pump market as majority of European pump manufacturers has setup their manufacturing facilities in China and Japan due to presence of low labor and operating costs in these countries. The high cost of investment and working capital had kept several domestic manufacturers away from the Domestic production of pumps. The entry of manufacturers producing and selling domestic pumps in the country resulted into more number of customers (including the government) to procure pumps from these brands. Hai Duong became the initiator for domestic production in Vietnam. Thus, increasing demand for domestically manufactured pumps has caused imports to decrease in recent years. Global brands started their operations in Vietnam (through 100% owned Subsidiaries or domestic production), which has led to increasing investment from Global and Domestic players. This has further led market to enter into the growing stage.

The Government of Vietnam has been continuously increasing its investment on infrastructure, irrigation and wastewater treatment during this period due to increase demand for water indicated by the increased water consumption from 2016 in 2018.

Shift in customer behavior and buying patterns has also impacted market growth. End consumers were more focused on the price of pumps as an important factor while making purchase decisions rather than quality, durability and after sales support service. This has led to a boom of Counterfeits rising in the market for Branded Pumps.

The revenue generated from the sale of pumps in Vietnam was evaluated at USD ~ million in the year 2013 which has increased to USD ~ million in the year 2018, at a positive CAGR of ~% during the above mentioned period.

Vietnam Pumps Market Segmentation

By End Users

The Vietnam pumps market can be divided into 3 Segments, Based on its End Users, The Industrial sector, which covers pumps used for Manufacturing, Mining, Power & Oil, and others. Government sector which covers pumps used in Government Projects and the Commercial sector, which covers pumps used in Building Construction and others.

Vietnam Pumps Market

Most Water flirtation plants are under private control. However, in 2011 the government has started Public Projects in Water treatment. As the number of Houses and Office spaces increases, there will be a rise in demand from the Commercial sector, similarly, as the number of Industrial projects increase, the demand from the industrial sector will also increase.

According to Industry Experts, there will not be any major change in the overall Demand from the following sectors so the proportion of Revenue will not change.

By Type of Pump

The overall market for Pumps is broadly divided into 2 Segments, based on the Type of pumps, Centrifugal and Positive Displacement Pumps.

Centrifugal pumps are just as a turbine in reverse, they can be used for boiler feed applications, wastewater management, flood protection, drainage and irrigation.

By Type of Centrifugal Pump

The Centrifugal pumps market is divided into 2 Segments, based on the Application of the Pump, Submersible and Non- Submersible Pumps.

A submersible pump also known as sub pump, electric submersible pump (ESP), is a device which has a hermetically sealed motor close-coupled to the pump body. The whole assembly is submerged in the fluid to be pumped. They are used in the Oil industry, Deep Well Drilling / Borehole Pumps, Irrigation systems.

Competition Scenario

The Market is moderately fragmented, with International players currently dominating the market. The Top 5 Market Players contain a mix of Domestic, but largely global players and accounted a significant Market Share in the year 2018.

Major Players which has been covered in the market include (International Players) Grundfos Vietnam, KSB Vietnam, Ebara Vietnam, WILO Vietnam and (domestic players) HAPUMA, Sai Gon Industrial Service and others. These market players compete on the basis of Price, In House Production Vs Imports, Industries Served, Warranty and Quality of Products.

Market Share For Major Players Of The Industry

The Highest Market Share belongs to Hai Duong Manufacturing JSC (HAPUMA). HAPUMA holds a large market share as it is the Oldest Player in the Market and a Local player with Large Scale Domestic Production.

EBARA holds the second highest Market Share along with Grundfos, with the Third Highest Market share. These firms are Global firms with 100.0% Owned Subsidiaries in Vietnam. These are among the First Global players to enter in the Market. EBARA and Grundfos both operate through different Models. EBARA follows domestic production and Grundfos Follows an Import Model.

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

Keywords:-

Vietnam Pumps Market

Pumps Industry In Vietnam

Vietnam Circulator Pumps Market

Vietnam Rotary Pumps Market Sales

Ebara Vietnam Pumps Market Sales

KSB Vietnam Pumps Market Revenue

WILO Vietnam Pumps Market Sales

Investment Vietnam Pumps Market

Intech Pumps Vietnam Market Size

Vietnam Single Stage Pumps Market Sales

Vietnam Production Pumps Market

Vietnam Pumps Market Distributors

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

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

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