Vietnam Water Pumps Market Share, Size & Growth Analysis | 2024-30

1. MARKET RESEARCH REPORT VIETNAM WATER PUMPS MARKET RESEARCH REPORT: FORECAST (2024-30) MARKNTEL ADVISORS

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4. Market Insights The Vietnam Water Pumps Market size is estimated to grow at a CAGR of around 8.3% during the forecast period, i.e., 2024-30. The Vietnam Water Pumps Market presents a dynamic landscape characterized by rapid urbanization, industrialization, and infrastructure development. With a growing population and expanding industrial sectors, there's an increasing demand for water pumps across various applications. In particular, the agricultural sector in Vietnam heavily relies on water pumps for irrigation purposes, driven by the country's large agricultural base.

5. Market Drivers 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.

6. Market Segments Vietnam Water Pumps Market - 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) and others

7. Top Companies 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

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