The Pump market in
Indonesia witnessed a CAGR of 4.3% during the period 2011 to 2016. The small
number of large companies operating in this space during this period gave
manufacturers the freedom to decide pricing patterns for various centrifugal
and positive displacement pumps. The increasing investment by the Government of
Indonesia towards clean water supply, wastewater treatment and irrigation
development had translated into higher pump sales witnessed by major
manufacturers including Grundfos, Torishima and Ebara during the review
period. The entry of new players into
the pumps market had resulted in mass competition. Manufacturers had offered
deep discounts and price cuts along with complimentary spare parts in order to
gain market dominance and this had impacted higher revenue growth of the
overall pump market..
Around a decade ago, the market for pumps in
Indonesia was predominantly import driven with majority of domestic demand
being met through imports from Japan, China, Singapore and Europe. Imported
pumps have remained a good market for Indonesia as a result of high brand
recognition for these products coupled with durability, efficiency and
reliability. The entry of manufacturers that were domestically producing and
selling competitively priced pumps in the country caused more end consumers to
purchase pumps from these reliable brands. The increasing trend towards the
demand for domestically manufactured pumps has caused imports to constitute around
70% of domestic demand in recent years. The Indonesian Government accounted for
a robust proportion of pump sales in the country during 2016; which is mainly
provided to farmers to bringing in more land under irrigation for better
agriculture development; while a portion
of what is procured from manufacturers is also used by the government for water
supply and sewage and wastewater treatment plants.
The population in the country has been steadily
growing at an average of 1.5% during the review period while the urban
population witnessed an average growth of 2.8% during the review period. The
growth in population is directly linked to the increasing need for water supply
and sewage and wastewater generated by the country
According
to Research Analyst at Ken Research, “Existing Pump manufacturers should look
to set up precise sales and service centers close to the industries they target
in order to ensure prompt delivery of products and quality service support. New
entrants should look to collaborate with foreign companies to set up
manufacturing facilities for pumps within the domestic territory. In addition
to this, the Indonesian Government should provide subsidies in the form of
land, buildings and machinery and encourage a positive business climate in the
country through the form of tax breaks.”
The
report titled “Indonesia Pumps Industry
Outlook to 2021 - Increasing Government Initiatives towards Irrigation and Wastewater
Treatment with Expansion of Industrial Sector to Drive Growth” provides a comprehensive analysis regarding the performance
of the Pumps Market in Indonesia. This
report will help Industry consultants, Pump Manufacturers and dealers,
Manufacturing Industries, Real Estate Companies, the Indonesian Government,
potential entrants and other stakeholders to align their market centric
strategies according to the ongoing and expected trends in the future.
Topics
Covered in the Report
·
Pumps Sales Indonesia
·
Water Pumps Market
·
Solar Pumps Industry
·
Submersible Pumps Market Growth
·
Positive Displacement Pumps Market Overview
·
Rotary Pumps Market Growth
·
Single Stage Submersible Pumps Market
·
Building Pumps Indonesia Products
·
Grundfos Water Pumps Market Share
·
Water Supply Pumps Industry Sales
·
Wilo Pumps Sales
·
Market Share Analysis Pumps Market
For more information about the publication, refer
to following link:
Related
Reports:
India Pumps Market Outlook to 2019 - Driven By
Government Investments And Technological Advancements
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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