How
is the Vietnam Pumps Market is Positioned?
Around a decade ago, the market for pumps in Vietnam was completely import driven with majority of the
domestic demand being met through imports from Japan, China, Germany and
Malaysia. However, import from Japan and China had dominated the pump market as
majority of European pump manufacturers has setup their manufacturing
facilities in China and Japan due to presence of low labor and operating costs
in these countries. The high cost of investment and working capital had kept several
domestic manufacturers away from the Domestic production of pumps. The entry of
manufacturers producing and selling domestic pumps in the country resulted into
more number of customers (including the government) to procure pumps from these
brands. Hai Duong became the initiator for domestic production in Vietnam. Thus,
increasing demand for domestically manufactured pumps has caused imports to
decrease in recent years. Global brands started their operations in Vietnam
(through 100% owned Subsidiaries or domestic production), which has led to
increasing investment from Global and Domestic players. This has further led
market to enter into the growing stage.
The Government of Vietnam has been continuously increasing its
investment on infrastructure, irrigation and wastewater treatment during this
period due to increase demand for water indicated by the increased water
consumption from 2016 in 2018.
Shift in customer behavior and buying patterns has also impacted
market growth. End consumers were more focused on the price of pumps as an
important factor while making purchase decisions rather than quality,
durability and after sales support service. This has led to a boom of
Counterfeits rising in the market for Branded Pumps.
The revenue generated from the sale of pumps in Vietnam was evaluated
at USD ~ million in the year 2013 which has increased to USD ~ million in the
year 2018, at a positive CAGR of ~% during the above mentioned period.
Vietnam
Pumps Market Segmentation
By End Users
The Vietnam
pumps market can be divided into 3 Segments, Based on its End
Users, The Industrial sector, which covers pumps used for Manufacturing,
Mining, Power & Oil, and others. Government sector which covers pumps used
in Government Projects and the Commercial sector, which covers pumps used in
Building Construction and others.
Most Water flirtation plants are under private control. However, in
2011 the government has started Public Projects in Water treatment. As the
number of Houses and Office spaces increases, there will be a rise in demand
from the Commercial sector, similarly, as the number of Industrial projects
increase, the demand from the industrial sector will also increase.
According to Industry Experts, there will not be any major change in the
overall Demand from the following sectors so the proportion of Revenue will not
change.
By Type of Pump
The overall market for Pumps is broadly divided into 2 Segments, based
on the Type of pumps, Centrifugal and Positive Displacement Pumps.
Centrifugal pumps are just as a turbine in reverse, they can be used
for boiler feed applications, wastewater management, flood protection, drainage
and irrigation.
By Type of Centrifugal Pump
The Centrifugal pumps market is divided into 2 Segments, based on the Application
of the Pump, Submersible and Non- Submersible Pumps.
A submersible pump also known as sub pump, electric submersible pump
(ESP), is a device which has a hermetically sealed motor close-coupled to the
pump body. The whole assembly is submerged in the fluid to be pumped. They are
used in the Oil industry, Deep Well Drilling / Borehole Pumps, Irrigation
systems.
Competition
Scenario
The Market is moderately fragmented, with International players
currently dominating the market. The Top 5 Market Players contain a mix of
Domestic, but largely global players and accounted a significant Market Share
in the year 2018.
Major Players which has been covered in the market include
(International Players) Grundfos Vietnam, KSB Vietnam, Ebara Vietnam, WILO
Vietnam and (domestic players) HAPUMA, Sai Gon Industrial Service and others.
These market players compete on the basis of Price, In House Production Vs
Imports, Industries Served, Warranty and Quality of Products.
Market
Share For Major Players Of The Industry
The Highest Market Share belongs to Hai Duong Manufacturing JSC
(HAPUMA). HAPUMA holds a large market share as it is the Oldest Player in the
Market and a Local player with Large Scale Domestic Production.
EBARA holds the second highest Market Share along with Grundfos, with
the Third Highest Market share. These firms are Global firms with 100.0% Owned
Subsidiaries in Vietnam. These are among the First Global players to enter in
the Market. EBARA and Grundfos both operate through different Models. EBARA
follows domestic production and Grundfos Follows an Import Model.
Key Segments Covered:-
By Type of Pumps
Centrifugal Pumps
Submersible
Pumps
Single
Stage Submersible Pump
Multi-stage
Submersible Pump
Non-Submersible
Pumps
Positive Displacement Pumps
Rotary
Pumps
Reciprocating
Pumps
By End Users
Industrial
Sector (Manufacturing, Mining, Power and Oil etc)
Government
Sector (Government Projects)
Commercial
Sector (Building Construction)
Key Target Audience:-
Distributors
Infrastructure
Companies
Government
Associations
Private
Equity and Venture Capitalists Firms
Pump
Manufacture
Time Period Captured in the Report:-
Historical Period: CY’2013-CY’2018
Forecast Period: CY’2019E –
CY’2023E
Companies Covered:-
Grundfos
Vietnam Co., Ltd.
KSB
Vietnam Co., Ltd.
EBARA
Vietnam Pump Company Limited
WILO
Vietnam Co. Ltd
Hai
Duong Pump Manufacturing Joint Stock Company
Intech
Pumps
Tsurumi
Pump Viet Nam Co., Ltd.
Iwaki
Pumps Vietnam
Sai
Gon Industrial Service
Datapoints Covered on Competition
Market
Share
Revenue
and Revenue Mix
Number
of Plants
Production
Area
Certifications
Number
of Employees and Distributors
Warranty
Strength
and Weakness
Best
Selling Products
Product
Portfolio
Keywords:-
Vietnam Pumps Market
Pumps Industry In Vietnam
Vietnam Circulator Pumps Market
Vietnam Rotary Pumps Market
Sales
Ebara Vietnam Pumps Market
Sales
KSB Vietnam Pumps Market
Revenue
WILO Vietnam Pumps Market Sales
Investment Vietnam Pumps Market
Intech Pumps Vietnam Market
Size
Vietnam Single Stage Pumps
Market Sales
Vietnam Production Pumps Market
Vietnam Pumps Market
Distributors
For more information on the research report,
refer to below 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
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
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