Thailand Water Pump Market, By Type of Pump, By Application, By End User

Thailand water pump market is estimated to be valued at US$ 28.7 Mn in 2024 and is expected to reach US$ 45.3 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.

Figure. Thailand Water Pump Market Share (%), By Type of Pump, 2024

The Thailand water pump market has been witnessing steady growth in the past few years owing to factors such as increasing construction activities, improving rural electrification, expanding manufacturing sector, and strong government support for infrastructure development projects. Water pumps are widely used for industrial, agricultural, and residential purposes in the country. Rapid urbanization and rising income levels have boosted the demand for the water management infrastructure including pumps. Furthermore, the government's initiatives to modernize rural infrastructure and improve access to water supply and sanitation services in remote areas are creating new opportunities for players in the Thailand water pump market.

Market Dynamics:

The Thailand water pump market is driven by strong growth in construction activities. The Thailand government has announced numerous infrastructure projects focused on transportation, energy, and water resource management which has spurred the demand for water pumps from the construction industry. Moreover, rapid industrialization and expansion of manufacturing facilities such as automobile, electronics, food & beverage, etc. have increased the adoption of water pumps for various industrial processes requiring fluid transfer and water treatment. However, volatility in raw material prices remains a key challenge for market players. Fluctuations in prices of metals like cast iron, stainless steel, and other alloys used in pump manufacturing can squeeze profit margins. Also, increasing competition from local Asian manufacturers is another factor restricting the revenue growth of international brands. On the positive side, the rising mechanization of agriculture and government initiatives to promote efficient irrigation systems are opening up opportunities for water pumps in the agricultural sector.

Key Features of the Study:

This report provides in-depth analysis of the Thailand water pump market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the Thailand water pump market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Grundfos Holdings A/S, KSB SE & Co. KGaA, Xylem Inc., Pentair plc, Ebara Corporation, Wilo SE, Weir Group PLC, Torishima Pump Mfg. Co., Ltd., Tsurumi Manufacturing Co., Ltd., Cat Pumps, Inc., Zoeller Company, Franklin Electric Co., Inc., FLYGT (Xylem Inc.), ITT Goulds Pumps, and Honda Power Equipment

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The Thailand water pump market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Thailand water pump market

Detailed Segmentation-

• Type of Pump Insights (Revenue, US$ Mn, 2019 - 2031)
  • Centrifugal Pumps
  • Positive Displacement Pumps
  • Submersible Pumps
  • Diaphragm Pumps
  • Others
• Application Insights (Revenue, US$ Mn, 2019 - 2031)
  • Agriculture
  • Water Supply & Distribution
  • Wastewater Treatment
  • Industrial
  • Others
• End User Insights (Revenue, US$ Mn, 2019 - 2031)
  • Industrial
  • Residential
  • Commercial
  • Agricultural
• Key Players Insights
  • Grundfos Holdings A/S
  • KSB SE & Co. KGaA
  • Xylem Inc.
  • Pentair plc
  • Ebara Corporation
  • Wilo SE
  • Weir Group PLC
  • Torishima Pump Mfg. Co., Ltd.
  • Tsurumi Manufacturing Co., Ltd.
  • Cat Pumps, Inc.
  • Zoeller Company
  • Franklin Electric Co., Inc.
  • FLYGT (Xylem Inc.)
  • ITT Goulds Pumps
  • Honda Power Equipment