The latest report by MarkNtel Advisors, titled “Vietnam Water Pumps Market Report 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),others and Region 2024-2030”, offers a comprehensive analysis of the industry, which comprises insights on the Vietnam Water Pumps Market research report.
What is the market outlook for Vietnam Water Pumps?
Vietnam Water Pumps Market size is estimated to grow at a CAGR of around 8.3% during the forecast period, i.e., 2024–30.
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Major Companies Operating in the Vietnam Water Pumps Industry:
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, ITT BORNEMANN GmbH, others
Vietnam Water Pumps Market Report Segmentation:
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
-Others
- The Agriculture & Irrigation sector significantly boosts the growth of the Vietnam Water Pumps Market
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Regional Insights:
By Region
-North
-South
-Central
Vietnam Water Pumps Market Driver: Growing Demand for Technology Advancement to Thrive the Market Growth
The increasing adoption of technological advancements in agriculture, as evidenced by the transition from traditional to smart farming techniques, serves as a significant growth driver for the Vietnam Water Pumps Market. With rising food demand and escalating labor expenses, farmers in Vietnam are increasingly turning to modern machinery to enhance productivity & efficiency. This shift is particularly notable in the agricultural sector, where the usage of innovative technologies like agricultural pumps is becoming indispensable.
These pumps play a crucial role in optimizing water usage and irrigation processes, thus addressing the evolving needs of farmers and ensuring sustainable agricultural practices. Additionally, the reduction in farmers’ effort and total time consumed, facilitated by modern machinery, including agricultural pumps, further fuels the demand for such equipment in the Vietnam market.
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