Vietnam Pumps Market Overview:
According to SPER Market Research, the Vietnam Pumps Market is estimated to reach USD 1.23 billion by 2032 with a CAGR of 9.38%.
Few years ago, Vietnam's pump market was entirely import driven, with most of the domestic demand met by imports from Japan, China, Germany and Malaysia. However, imports from Japan and China dominated the pump market. This is because the majority of European pump manufacturers have set up manufacturing facilities in China and Japan due to the low labour and operating costs in these countries. High investment and working capital costs have kept some domestic manufacturers away from domestic production of pumps. The entry of manufacturers to manufacture and sell household pumps domestically has increased the number of customers (including governments) sourcing pumps from these brands. Hai Duong became the initiator of domestic production in Vietnam. For example, imports have decreased in recent years due to increased demand for domestically produced pumps. Global brands are starting operations in Vietnam, with increasing investment from global and domestic players. This has pushed the market into a further growth phase.
Impact of COVID-19 on the Vietnam Pumps Market:
Covid-19 is a unique global public health emergency affecting nearly every industry, and the long-term impact is expected to impact industry growth during the forecast period. Vietnam has had four waves of Covid-19, a pandemic that has brought a large market risk in various sectors. Understanding market risks in Vietnam's sector and their changes are critical for the implementation of policies to support the economy post-pandemic. The study measures market risk by sector and examines the impact of the pandemic, policy responses, and macroeconomic fundamentals on market risk across sectors in Vietnam. We measure market risk using Value at Risk (VaR) and Conditional Value at Risk (CVaR) methodologies. Market risk levels in Vietnam's sector have changed significantly in response to the pandemic. This report provides insights on Covid-19 by considering changes in consumer behavior and demand, purchasing patterns, supply chain reorientation, current market dynamics, and significant government interventions. The research provides insights analysis, estimates and forecasts considering the impact of COVID-19 on the market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type of Pumps, By Well, By Function, By Power Rating, By Price Range, By End Users |
| Regions covered | Thua Thien Hue, Da Nang, Quang Nam, Quang Ngai and Binh Dinh |
| Companies Covered | EBARA Vietnam Pump Company Limited, Grundfos Vietnam Co., Ltd., Hai Duong Pump Manufacturing Joint Stock Company, Intech Pumps, Iwaki Pumps Vietnam, KSB Vietnam Co., Ltd., Sai Gon Industrial Service, Tsurumi Pump Viet Nam Co., Ltd., WILO Vietnam Co. Ltd.
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Vietnam Pumps Market Segmentation:
By Type of Pumps: Based on the Type of Pumps, Vietnam Pumps Market is segmented as; Centrifugal Pumps (Submersible Pumps Single Stage Submersible Pump, Multi-stage Submersible Pump, Non-Submersible Pumps), Positive Displacement Pumps (Rotary Pumps, Reciprocating Pumps).
By Well: Based on the Well, Vietnam Pumps Market is segmented as; Shallow Well, Deep Well.
By Function: Based on the Function, Vietnam Pumps Market is segmented as; Dyeing (Padding, Back Coating), Spraying, Printing, Foam Coating.
By Power Rating: Based on the Power Rating, Vietnam Pumps Market is segmented as; Up to 0.25 HP, 0.25-0.5 HP, 0.5 HP-1 HP, 1 HP-1.5 HP, above 1.5 HP.
By Price Range: Based on the Price Range, Vietnam Pumps Market is segmented as; Economy, Medium, High, Premium.
By End Users: Based on the End Users, Vietnam Pumps Market is segmented as; Industrial Sector (Manufacturing, Mining, Power, Oil), Government Sector (Government Projects), Commercial Sector (Building Construction).
By Region: Thua Thien Hue, Da Nang, Quang Nam, Quang Ngai and Binh Dinh these regions in Vietnam are major pumps market areas and the demand from commercial and industrial end users, as well as increased government expenditure in infrastructure and irrigation projects, has been driving the growth of the Vietnam Pumps Market.
1. Introduction.
1.1. Scope of the report
1.2. Market segment analysis
2. Research methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal Database
2.1.4. Premium Insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Restraints
4.1.4. Opportunities
4.1.5. Challenges
4.2. COVID-19 Impacts of the Vietnam Pumps Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. ESTEL analysis
5.2.1. Political landscape
5.2.2. Economic landscape
5.2.3. Social landscape
5.2.4. Technological landscape
5.2.5. Environmental landscape
5.2.6. Legal landscape
5.3. PORTER’S five forces analysis
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of Buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat map analysis
6. Vietnam Pumps Market, By Type of Pumps, 2019-2032 (USD million)
6.1. Centrifugal Pumps
6.1.1. Submersible Pumps
6.1.2. Single Stage Submersible Pump
6.1.3. Multi-stage Submersible Pump
6.1.4. Non-Submersible Pumps
6.2. Positive Displacement Pumps
6.2.1. Rotary Pumps
6.2.2. Reciprocating Pumps
7. Vietnam Pumps Market, By Well, 2019-2032 (USD million)
7.1. Shallow Well
7.2. Deep Well
8. Vietnam Pumps Market, By Function, 2019-2032 (USD million)
8.1. Automatic
8.2. Non- Automatic
9. Vietnam Pumps Market, By Power Rating, 2019-2032 (USD million)
9.1. Up to 0.25 HP
9.2. 0.25-0.5 HP
9.3. 0.5 HP-1 HP
9.4. 1 HP-1.5 HP
9.5. Above 1.5 HP
10. Vietnam Pumps Market, By Price Range, 2019-2032 (USD million)
10.1. Economy
10.2. Medium
10.3. High
10.4. Premium
11. Vietnam Pumps Market, By End Users, 2019-2032 (USD million)
11.1. Industrial Sector
11.1.1. Manufacturing
11.1.2. Mining,
11.1.3. Power
11.1.4. Oil
11.2. Government Sector
11.2.1. Government Projects
11.3. Commercial Sector
11.3.1. Building Construction
12. Vietnam Pumps Market, By Region, 2019-2032 (USD million)
12.1. Thua Thien Hue
12.2. Da Nang
12.3. Quang Nam
12.4. Quang Ngai
12.5. Binh Dinh
13. Company Profiles
13.1. EBARA Vietnam Pump Company Limited
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Grundfos Vietnam Co., Ltd.
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Hai Duong Pump Manufacturing Joint Stock Company
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Intech Pumps
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Iwaki Pumps Vietnam
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. KSB Vietnam Co., Ltd.
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Sai Gon Industrial Service
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Tsurumi Pump Viet Nam Co., Ltd.
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. WILO Vietnam Co. Ltd
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
