“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 Vietnam” by 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
Single Stage Submersible Pump
Multi-stage Submersible Pump
Positive Displacement Pumps
By End Users
Industrial Sector (Manufacturing, Mining, Power and Oil etc)
Government Sector (Government Projects)
Commercial Sector (Building Construction)
Key Target Audience:-
Private Equity and Venture Capitalists Firms
Time Period Captured in the Report:-
Historical Period: CY’2013-CY’2018
Forecast Period: CY’2019E – CY’2023E
Grundfos Vietnam Co., Ltd.
KSB Vietnam Co., Ltd.
EBARA Vietnam Pump Company Limited
WILO Vietnam Co. Ltd
Hai Duong Pump Manufacturing Joint Stock Company
Tsurumi Pump Viet Nam Co., Ltd.
Iwaki Pumps Vietnam
Sai Gon Industrial Service
Datapoints Covered on Competition
Revenue and Revenue Mix
Number of Plants
Number of Employees and Distributors
Strength and Weakness
Best Selling Products
For more information on the research report, refer to below link:-
Ankur Gupta, Head Marketing & Communications