Vietnam Water Pumps Market Size & Insights

As per recent study by MarkNtel Advisors 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.      

What are the Key DROs in the Vietnam Water Pumps Market?

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.

What are the Key Segments in the Vietnam Water Pumps Market?

The Vietnam Water Pumps is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

• By Type of Pumps
• Centrifugal Pumps
• Overhung Pumps
• Vertical Inline
• Horizontal End Suction
• Split Case Pumps
• Single/Two Stage
• Multistage
• Vertical Pumps
• Turbine
• Solid Handling
• Non-solid Handling
• Axial
• Mixed Flow
• Submersible Pumps
• Solid Handling
• Non-solid Handling
• 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- Market Size & Forecast 2019-2030F, USD Million
• 0.25-0.5HP- Market Size & Forecast 2019-2030F, USD Million
• 0.5 HP-1HP- Market Size & Forecast 2019-2030F, USD Million
• 1HP-1.5HP- Market Size & Forecast 2019-2030F, USD Million
• Above 1.5HP- Market Size & Forecast 2019-2030F, USD Million
• By Price Range
• Economy- Market Size & Forecast 2019-2030F, USD Million
• Medium- Market Size & Forecast 2019-2030F, USD Million
• High- Market Size & Forecast 2019-2030F, USD Million
• Premium- Market Size & Forecast 2019-2030F, USD Million
• By End User
• Oil & Gas- Market Size & Forecast 2019-2030F, USD Million
• Power Generation- Market Size & Forecast 2019-2030F, USD Million
• Residential- Market Size & Forecast 2019-2030F, USD Million
• Agriculture & Irrigation- Market Size & Forecast 2019-2030F, USD Million
• Commercial Building- Market Size & Forecast 2019-2030F, USD Million
• HVAC- Market Size & Forecast 2019-2030F, USD Million
• Fire- Market Size & Forecast 2019-2030F, USD Million
• Chemicals- Market Size & Forecast 2019-2030F, USD Million
• Water & Wastewater- Market Size & Forecast 2019-2030F, USD Million
• Food & Beverage- Market Size & Forecast 2019-2030F, USD Million
• Others

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By Region

·        North

·        South

·        Central

The northern region of Vietnam drives growth in the Water Pump Market due to its significant agricultural sector, densely populated & developed than other regions of Vietnam, situated near the Red River Delta, and has diverse water management needs.

Who are the Key Players in Vietnam Water Pumps Market?

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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Vietnam Water Pumps Market News

• 2023: MobiFone, a telecommunication company, partnered with Radian ARC and Blacknut company to launch a cloud gaming platform for tablets, smartphones, and PCs. The games were accessible via Radian Arc’s AMD-based GPU Edge technology and Blacknut’s streaming technology, which utilizes MobiFone’s 4G and 5G network coverage.
• 2023: Google Cloud and VNG Games collaborated in the year 2023. The VNG Games harness Google Cloud's infrastructure to revolutionize the real-time player's experience, which would help in the growth of cloud games in the country. 

Key pillars of the research methodology include:

• 2023: Grundfos Vietnam Co., developed an innovative series of end-suction pumps aimed at promoting the development of smart & sustainable cities in Vietnam. The new NK and NKE ranges represent a significant advancement in terms of energy efficiency, connectivity, and durability, taking end-suction pump technology to a higher level.
• 2022: Ebara Vietnam Pump Company Limited introduced EBARA's latest impeller design, known as "Shurricane," which employs an innovative hydraulic design approach to enhance pump efficiency while minimizing axial thrust load.

"Our methodology reflects the trust businesses place in us. By combining innovation with precision, we deliver not just numbers, but clarity and direction for decision-makers worldwide," said a spokesperson for MarkNtel Advisors.

Why This MarkNtel Advisors Research Report:

• In-depth Market Analysis: Understand trends and dynamics shaping growth.
• Segmented Insights: Target specific segments for focused strategies.
• Geographical Performance: Assess market opportunities by geographic area.
• Emerging Technologies: Discover advancements like AI integration.
• Risk Identification: Pinpoint challenges to inform strategic planning.
• Future Forecasts: Prepare for market changes with actionable projections.

Gain exclusive access to our comprehensive insights on the Vietnam Water Pumps Market. With tailored licensing options, including Mini Report Pack, Excel Data Pack, Single User, Multiuser, and Enterprise Packs, our research empowers organizations to navigate dynamic market trends effectively.

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