Vietnam Pumps Market Statistics:

Market Size in 2023: USD 789.1 Million

Market Size in 2032: ----
Market Growth Rate 2024-2032: CAGR 8.1% 
According to The Report Cube’s latest research study Vietnam Pumps Market was valued at USD 789.1 Million in 2023 and is anticipated to register a CAGR of around 8.1% during the forecast period, i.e., 2024-32.

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Vietnam Pumps Market Drivers:

• Rising Need for Technical Progression to Elevate the Industry Expansion

The Vietnam Pumps Market is expected to drive significantly with the rising acceptance of technical advancements in agriculture, as demonstrated by the shift from conventional to smart farming approaches. Farmers in the country are increasingly relying on sophisticated machinery to surge production & efficiency owing to the increasing food demand & growing labor costs. In the agricultural sector, where the usage of cutting-edge technologies like agricultural pumps is becoming essential, the progression is noticeable.

According to the report, prominent players operating in the market include:

·       EBARA Vietnam Pump Company Limited

·       Others

·       Grundfos Vietnam Co., Ltd.

·       Hapuma

·       Intech Pumps Vietnam Company Limited

·       Iwaki Co., Ltd.

·       KSB Vietnam Co., Ltd.

·       Sai Gon Industrial Service

·       Tsurumi Manufacturing Co., Ltd.

·       WILO SE

·       ITT BORNEMANN GmbH

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Key Market Segmentation

o   Market Share, By Type of Pumps

o   Centrifugal

§  Overhung Pumps

·       Vertical Inline

·       Horizontal End Suction

§  Split Case Pumps

·       Single Phase

·       Multistage

§  Vertical

·       Turbine

o   Solid

o   Non-Solid

·       Axial Pump

·       Mixed Flow Pump

o   Submersible Pumps

o   Positive Displacement Pumps

§  Diaphragm Pumps

§  Piston Pumps

§  Gear Pumps

§  Lobe Pumps

§  Progressive Cavity Pumps

§  Screw Pumps

§  Vane Pumps

§  Peristaltic Pumps

o   Market Share, By Power Rating

o   Upto 0.25 HP

o   0.25 to 0.5 HP

o   0.5 to 1 HP

o   1.1 to 1.5 HP

o   Above 1.5 HP

o   Market Share, By End User Industry

o   Industrial

§  Oil & Gas

§  Power Generation

§  Manufacturing

§  Mining

o   Residential & Government (Govt. projects)

o   Commercial

§  Agriculture & Irrigation

§  Commercial Building

§  HVAC

§  Chemicals

§  Water & Wastewater

§  Food & Beverage

o   Others

o   Market Share, By Region

o   Southern

o   Northern

o   Central

Recent News and Developments in Vietnam Pumps Market

• The Vietnam Pumps Market Research Report highlights the forecast growth rate or CAGR by anticipating the market size & share.
• The market analysis puts light upon the primary industry trends, driving aspects, potential opportunities, growth challenges, and other major factors.

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