Thailand Market Study on Water Pump: Industrial Segment to Witness Highest Growth by 2021


  • Published On : Sep-2015 |
  • Pages : 91 Pages |
  • Format :

The water pump is a mechanical device the uses pressure or suction to transport water from one location to another. Centrifugal water pump offers numerous advantages such as high efficiency for water transport, uniform & continuous discharge, easy installation & maintenance, and low initial cost. Centrifugal water pumps find use in various applications. High growth in industries such as pharmaceuticals and water and wastewater treatment is expected to increase overall revenue in South Asian markets. Growth in the water industry is expected to stem from the need for better management of water resources, including water recycling, rainwater harvesting, storage and improved irrigation processes. The chemicals and petrochemicals end-user industries in the region are anticipated to grow significantly over the next few years. 

In 2014, centrifugal pumps accounted for over 70% market share of the global water pump market in terms of revenue, while remaining share was contributed by positive displacement pumps. Asia Pacific excluding Japan (APEJ) held the largest share in the global market in 2014 and is expected to retain its dominance over the forecast period.

Thailand is a newly industrialized country. Its economy is heavily export-dependent, with exports accounting for over two-third of its gross domestic product (GDP). Industrial and service sectors are the main sectors in the Thailand gross domestic product, with the former accounting for 39.2% of GDP. Thailand's agricultural sector accounts for 8.4% share of GDP – lower than the trade and logistics and communications sectors, which account for 13.4% and 9.8% shares of GDP respectively. 

The report offers updates on the advancements in the Thailand water pump industry. This report covers Thailand water pump market performance in terms of value and volume contribution. The report analyzes key trends, drivers, and restraints, which are influencing the Thailand water pump market. 

The Thailand water pump market is anticipated to register a healthy CAGR during the forecast period. Factors fuelling market growth include low manufacturing costs of water pumps, expansion of water supply network in the region, major urbanization and industrialization, increasing arable land and growing land under cereal production. Thailand is an agriculture-driven country. Growth in the agricultural sector is leading to growing trend of micro irrigation in small farms, which is projected to increase deployment of centrifugal water pumps.

Deployment of monobloc pumps is increasing due to the growing trend of family farming, which is carried out on small agricultural plots and requires low HP centrifugal pump for micro irrigation purposes. Pumps for domestic and agriculture application offer minimal product differentiation in terms of cost and quality. Similar buyer trends apply to both end-user segments.

The Thailand water pump market has been segmented on the basis of pump type into the submersible and monobloc. The submersible water pump segment is estimated to dominate the market with 63.5% of the overall Thailand water pump market share in 2015, followed by monobloc water pump segment with 36.5% share. Growth of the monobloc water pump segment over the forecast period is expected to be driven by increasing demand for application in agro-industrial and food production purposes.

By end-use application, the agriculture segment is projected to continue its dominance throughout the forecast period. Agriculture application segment is expected to gain BPS during the forecast period, as a major portion of the country’s GDP is generated from agricultural activities. However, the industrial segment is forecast to register highest CAGR by 2021. 

By pump capacity, the Thailand water pump market is segmented by HP range into 3HP, 3–5HP, 5–10HP, 10–15HP, 15–20HP and 20–30HP. Smaller HP ranges are expected to witness above average growth during the forecast period.

By Region, Central & Eastern Thailand region was the largest market in terms of revenue contribution, accounting for 30.2% share of the overall Thailand water pump market in 2014. The Bangkok area is one of the most prosperous parts of Central & Eastern Thailand and is a dominant contributor to the national economy, with the infertile Northeast being the poorest in similar terms.

These market players also focus on expanding their regional presence through mergers and acquisitions. Water pump manufacturers in Thailand usually sell their products through distributors, who account for approximately 80% sales share as compared to 20% share via direct sales. Global and regional players in the Thailand water pump market focus on entering into long-term tie-ups with engineering, procurement and construction (EPC) companies and distributors. Chinese players lay emphasis on tie-ups with retailers to enhance customer reach.

The Thailand water pump market is segmented into:

Thailand water pump, by Pump Type

  • Submersible Water Pump
  • Mono bloc Water Pump

Thailand water pump, by End-use Application

  • Domestic
  • Agriculture
  • Industrial
    • Chemical
    • Power
    • Oil & Gas
    • Pharmaceuticals
    • Food and Beverage
    • Others

Thailand water pump, byPump Capacity

  • Up to 3HP
  • 3–5HP
  • 5–10HP
  • 10–15HP
  • 15–20HP
  • 20–30HP

Thailand water pump Market, by Region

  • Northern Thailand
  • Northeastern Thailand
  • Central & Eastern Thailand
  • Southern Thailand

Introduction

Increasing demand for water pumps is a consequence of massive urbanization and industrialization being witnessed in developing countries.Water scarcity is one of the key factors driving demand for water pumps, as governments across the globe focused on implementation of regulations regarding recycle and reuse of water in industries. 

The South Asian region remains highly competitive on a global level due to low manufacturing costs. This is anticipated to provide a boost for global manufacturers to set up manufacturing facilities in this region and also help local manufacturers flourish. Europe and North America are expected to be the key target regions for exports.

Market Value and Forecast

The Thailand water pump market is anticipated to register a healthy CAGR during the forecast period. Factors fuelling market growth include low manufacturing costs, expansion of water Supply network, major urbanization, and industrialization, increasing arable land and land under cereal production. Thailand is an agriculture-driven country. Growth in the agricultural sector together with increasing arable land and land under cereal production is leading to growing trend of micro irrigation in small farms, which is projected to increase deployment of centrifugal water pumps.

Deployment of monobloc pumps is increasing due to the growing trend of family farming, which is carried out on small agricultural plots and requires low HP centrifugal pump for micro irrigation purposes. Pumps for domestic and agriculture application offer minimal product differentiation in terms of cost and quality. Similar buyer trends apply to both end-user segments.

Segmentation by Pump Type

The Thailand water pump market has been segmented on the basis of pump type into the submersible and monobloc. The submersible water pump segment is estimated to dominate the market with 63.5% of the overall Thailand water pump market share in 2015, followed by monobloc water pump segment with 36.5% share. Growth of the monobloc water pump segment over the forecast period is expected to be driven by increasing demand for application in agro-industrial and food production purposes.

Segmentation by End-use Application

By end-use application, the agriculture segment is projected to continue its dominance throughout the forecast period. Agriculture application segment is expected to gain BPS during the forecast period as a major portion of the country’s GDP is generated from agricultural activities. However, the industrial segment is forecast to register highest CAGR by 2021. Growth of the market in East Asia is mainly driven by increased adoption of water pumps in power plants, for the development of new infrastructure in the heavy industry, municipal wastewater treatment plants, irrigation and drinking water facilities.

Segmentation by Pump Capacity

By pump capacity, the Thailand water pump market is segmented by HP range into 3HP, 3–5HP, 5–10HP, 10–15HP, 15–20HP and 20–30HP. Smaller HP ranges are expected to witness above average growth during the forecast period.


 

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Important Regions

The Thailand water pump market has been segmented into four political regions, namely, Northern Thailand, North Eastern Thailand, Central & Eastern Thailand and Southern Thailand. Central & Eastern Thailand region was the largest market in terms of revenue contribution, accounting for 30.2% share of the overall Thailand water pump market in 2014. The Bangkok area is one of the most prosperous parts of Central & Eastern Thailand and is a dominant contributor to the national economy, with the infertile Northeast being the poorest in similar terms. Southern Thailand market is projected to lose 80 BPS during the forecast period. The region is part of a narrow peninsula, with the distinctive climate and terrain. Its economy is driven by rice cultivation and rubber production. Mountainous terrain and absence of large rivers are conspicuous features of this region.

Key Players

Key players in the Thailand water pump market include Grundfos, KSB AG, Kirloskar Brothers Limited and Ebara Corporation. Global players such as Grundfos, Sulzer Ltd., and Flowserve Corporation focus on research and development initiatives to introduce innovative products in order to attain sustainable advantages over the competition.

Key market participants covered in the report include Key players in the Thailand water pump market include:

  • Grundfos.
  • KSB AG.
  • Kirloskar Brothers Limited.
  • Ebara Corporation.

Global players such as Grundfos, Sulzer Ltd., and Flowserve Corporation focus on research and development initiatives to introduce innovative products in order to attain sustainable advantages over the competition. 

1. Executive Summary

2. Research Methodology

3. Assumptions and Acronyms Used

4. Market Overview

4.1. Introduction

4.2. Thailand Water Pump Market Dynamics

    4.2.1. Drivers

    4.2.2. Restraints

4.3. Thailand Water Pump Market Trends

4.4. Thailand Water Pump Market Overview, 2015–2021

    4.4.1. Thailand Centrifugal Water Pump Market Analysis

    4.4.2. Thailand Centrifugal Water Pump Market Pricing Analysis

5. Thailand Water Pump Market Analysis, By Product Type, 2015–2021

5.1. Introduction

    5.1.1. Market Value Forecast (US$ 000) and Y-o-Y Growth

    5.1.2. Market Volume Forecast (Units) and Y-o-Y Growth

5.2. Centrifugal Water Pump 

    5.2.1. Submersible Water Pump

          5.2.1.1. Market Value Forecast (US$ 000) and Y-o-Y Growth

          5.2.1.2. Market Volume Forecast (Units) and Y-o-Y Growth

    5.2.2. Monobloc Water Pump

          5.2.2.1. Market Value Forecast (US$ ‘000) and Y-o-Y Growth

          5.2.2.2. Market Volume Forecast (Units) and Y-o-Y Growth

5.3. Basis Point Share (BPS) Analysis, By Product Type

6. Thailand Water Pump Market Analysis, By Pump Capacity, 2015–2021

6.1. Introduction

    6.1.1. Market Value Forecast (US$ ‘000) and Y-o-Y Growth

    6.1.2. Market Volume Forecast (Units) and Y-o-Y Growth

6.2. Small/Mini Pumps 

    6.2.1. Up to 3 HP

          6.2.1.1. Market Value Forecast (US$ 000) and Y-o-Y Growth

          6.2.1.2. Market Volume Forecast (Units) and Y-o-Y Growth

    6.2.2. 3-5 HP

          6.2.2.1. Market Value Forecast (US$ 000) and Y-o-Y Growth

          6.2.2.2. Market Volume Forecast (Units) and Y-o-Y Growth

6.3. Medium Size Pumps 

    6.3.1. 5-10 HP

          6.3.1.1. Market Value Forecast (US$ 000) and Y-o-Y Growth

          6.3.1.2. Market Volume Forecast (Units) and Y-o-Y Growth 

    6.3.2. 10-15 HP

          6.3.2.1. Market Value Forecast (US$ 000) and Y-o-Y Growth

          6.3.2.2. Market Volume Forecast (Units) and Y-o-Y Growth 

    6.3.3. 15-20 HP

          6.3.3.1. Market Value Forecast (US$ 000) and Y-o-Y Growth

          6.3.3.2. Market Volume Forecast (Units) and Y-o-Y Growth 

    6.3.4. 20-30 HP

          6.3.4.1. Market Value Forecast (US$ 000) and Y-o-Y Growth

          6.3.4.2. Market Volume Forecast (Units) and Y-o-Y Growth

6.4. Basis Point Share (BPS) Analysis, By Pump Capacity

7. Thailand Water Pump Market Analysis, By End-Use Application, 2015–2021

7.1. Introduction

    7.1.1. Market Value Forecast (US$ 000) and Y-o-Y Growth

    7.1.2. Market Volume Forecast (Units) and Y-o-Y Growth 

7.2. Industrial

    7.2.1. Market Value Forecast (US$ 000) and Y-o-Y Growth

    7.2.2. Market Volume Forecast (Units) and Y-o-Y Growth

    7.2.3. Industrial Sub-Segment Analysis, Volume Forecast

          7.2.3.1. Chemical

          7.2.3.2. Power

          7.2.3.3. Oil & Gas

          7.2.3.4. Pharmaceuticals

          7.2.3.5. Food and Beverage

          7.2.3.6. Others

7.3. Domestic

    7.3.1. Market Value Forecast (US$ 000) and Y-o-Y Growth

    7.3.2. Market Volume Forecast (Units) and Y-o-Y Growth

7.4. Agriculture

    7.4.1. Market Value Forecast (US$ 000) and Y-o-Y Growth

    7.4.2. Market Volume Forecast (Units) and Y-o-Y Growth 

7.5. Basis Point Share (BPS) Analysis, By End-Use Application

8. Thailand Water Pump Market Analysis, By Region, 2015–2021

8.1. Introduction

    8.1.1. Market Value Forecast (US$ 000) and Y-o-Y Growth

    8.1.2. Market Volume Forecast (Units) and Y-o-Y Growth

8.2. Northern Thailand

    8.2.1. Market Value Forecast (US$ 000) and Y-o-Y Growth

    8.2.2. Market Volume Forecast (Units) and Y-o-Y Growth

8.3. North Eastern Thailand

    8.3.1. Market Value Forecast (US$ 000) and Y-o-Y Growth

    8.3.2. Market Volume Forecast (Units) and Y-o-Y Growth

8.4. Central & Eastern Thailand

    8.4.1. Market Value Forecast (US$ 000) and Y-o-Y Growth

    8.4.2. Market Volume Forecast (Units) and Y-o-Y Growth

8.5. Southern Thailand

    8.5.1. Market Value Forecast (US$ 000) and Y-o-Y Growth

    8.5.2. Market Volume Forecast (Units) and Y-o-Y Growth

8.6. Basis Point Share (BPS) Analysis, By Region

9. Thailand Water Pump Market Analysis, Customer Preferences

9.1. Thailand Customer Preferences

9.2. Competition - Channel Strategy

10. Thailand Water Pump Market-Competitive Landscape

10.1. Competition Dashboard

10.2. Company Profiles

    10.2.1. Grundfos

          10.2.1.1. Overview        

          10.2.1.2. Strategies

          10.2.1.3. Recent Developments

          10.2.1.4. SWOT Analysis

    10.2.2. Sulzer Ltd.

          10.2.2.1. Overview

          10.2.2.2. Strategies

          10.2.2.3. Recent Developments

          10.2.2.4. SWOT Analysis

    10.2.3. KSB AG

          10.2.3.1. Overview

          10.2.3.2. Strategies

          10.2.3.3. Recent Developments

          10.2.3.4. SWOT Analysis

    10.2.4. Kirloskar Brothers Limited

          10.2.4.1. Overview

          10.2.4.2. Strategies

          10.2.4.3. Recent Developments

          10.2.4.4. SWOT Analysis

    10.2.5. Flowserve Corporation

          10.2.5.1. Overview

          10.2.5.2. Strategies

          10.2.5.3. Recent Developments

          10.2.5.4. SWOT Analysis

    10.2.6. Ebara Corporation 

          10.2.6.1. Overview

          10.2.6.2. Strategies

          10.2.6.3. Recent Developments

          10.2.6.4. SWOT Analysis

    10.2.7. Shanghai Kaiquan Pump Group Co Ltd 

          10.2.7.1. Overview

          10.2.7.2. Strategies

          10.2.7.3. Recent Developments

          10.2.7.4. SWOT Analysis

    10.2.8. Nanfang Pump Industry Co. Ltd.

          10.2.8.1. Overview

          10.2.8.2. Strategies

          10.2.8.3. Recent Developments

          10.2.8.4. SWOT Analysis

    10.2.9. Hung Pump Group 

    10.2.10. Venz Industrial Co., Ltd.


List of Tables

Table 01: Thailand Water Pump Market Value (US$ '000), 2012–2021

Table 02: Thailand Water Pump Market Volume (Units), 2012–2021

Table 03: Thailand Water Pump Market Value (US$ '000), By Pump Capacity, 2012–2021

Table 04: Thailand Water Pump Market Volume (Units), By Pump Capacity, 2012–2021

Table 05: Thailand Water Pump Market Value (US$ '000), By End-use Application, 2012–2021

Table 06: Thailand Water Pump Market Volume (Units), By End-use Application, 2012–2021

Table 07: Thailand Water Pump Market Industrial Sub-Segment Volume (Units), By End-use Industry, 2012–2021

Table 08: Thailand Water Pump Market Value (US$ '000), By Region, 2012–2021

Table 09: Thailand Water Pump Market Volume (Units), By Region, 2012–2021


List of Figures

Figure 01: Thailand Water Pump Market Value and Volume Forecast, 2014–2021

Figure 02: Thailand Water Pump Market Value and Volume, Y-o-Y Growth Comparison 2014–2021

Figure 03: Thailand Submersible Water Pump Segment Value and Volume Forecast, 2014–2021

Figure 04: Thailand Submersible Water Pump Segment Value and Volume, Y-o-Y Growth Comparison 2014–2021

Figure 05: Thailand Monobloc Water Pump Segment Value and Volume Forecast, 2014–2021

Figure 06: Thailand Monobloc Water Pump Segment Value and Volume, Y-o-Y Growth Comparison 2014–2021

Figure 07: Thailand Water Pump Market Value Share, By Product Type 2015 & 2021

Figure 08: Thailand Up to 3 HP Water Pump Segment Value and Volume Forecast, 2014–2021

Figure 09: Thailand Up to 3 HP Water Pump Segment Value and Volume, Y-o-Y Growth Comparison 2014–2021

Figure 10: Thailand 3–5 HP Water Pump Segment Value and Volume Forecast, 2014–2021

Figure 11: Thailand 3–5 HP Water Pump Segment Value and Volume, Y-o-Y Growth Comparison 2014–2021

Figure 12: Thailand 5–10 HP Water Pump Segment Value and Volume Forecast, 2014–2021

Figure 13: Thailand 5–10 HP Water Pump Segment Value and Volume, Y-o-Y Growth Comparison 2014–2021

Figure 14: Thailand 10–15 HP Water Pump Segment Value and Volume Forecast, 2014–2021

Figure 15: Thailand 10–15 HP Water Pump Segment Value and Volume, Y-o-Y Growth Comparison 2014–2021

Figure 16: Thailand 15–20 HP Water Pump Segment Value and Volume Forecast, 2014–2021

Figure 17: Thailand 15–20 HP Water Pump Segment Value and Volume, Y-o-Y Growth Comparison 2014–2021 (%)

Figure 18: Thailand 20–30 HP Water Pump Segment Value and Volume Forecast, 2014–2021

Figure 19: Thailand 20–30 HP Water Pump Segment Value and Volume, Y-o-Y Growth Comparison 2014–2021 (%)

Figure 20: Thailand Water Pump Market Value Share, By Pump Capacity, 2015 & 2021

Figure 21: Thailand Water Pump Industrial Segment Value and Volume Forecast, 2014–2021

Figure 22: Thailand Water Pump Industrial Segment Value and Volume, Y-o-Y Growth Comparison 2014–2021

Figure 23: Thailand Water Pump Domestic Segment Value and Volume Forecast, 2014–2021

Figure 24: Thailand Water Pump Domestic Segment Value and Volume, Y-o-Y Growth Comparison 2014–2021

Figure 25: Thailand Water Pump Agriculture Segment Value and Volume Forecast, 2014–2021

Figure 26: Thailand Water Pump Agriculture Segment Value and Volume, Y-o-Y Growth Comparison 2014–2021

Figure 27: Thailand Water Pump Market Value Share, By End-use Application, 2015 & 2021

Figure 28: Northern Thailand Water Pump Segment Value and Volume Forecast, 2014–2021

Figure 29: Northern Thailand Water Pump Segment Value and Volume, Y-o-Y Growth Comparison 2014–2021

Figure 30: North Eastern Thailand Water Pump Segment Value and Volume Forecast, 2014–2021

Figure 31: North Eastern Thailand Water Pump Segment Value and Volume, Y-o-Y Growth Comparison 2014–2021

Figure 32: Central & Eastern Thailand Water Pump Segment Value and Volume Forecast, 2014–2021

Figure 33: Central & Eastern Thailand Water Pump Segment Value and Volume, Y-o-Y Growth Comparison 2014–2021

Figure 34: Southern Thailand Water Pump Segment Value and Volume Forecast, 2014–2021

Figure 35: Southern Thailand Water Pump Segment Value and Volume, Y-o-Y Growth Comparison 2014–2021

Figure 36: Thailand Water Pump Market Value Share, By Region, 2015 & 2021

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