Thailand Water Pump Market - Growth of the Market in East Asia Is Mainly Driven by Increased Adoption of Water Pumps in Power Plants
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Thailand Water Pump Market - Growth of the market in East Asia is
mainly driven by increased adoption of water pumps in power plants
Persistence Market Research
Thailand Water Pump Market is anticipated
to register a healthy CAGR during the
forecast period, 2021 - Persistence Market
Research
Persistence Market Research
1
Thailand Water Pump Market - Growth of the market in East Asia is
mainly driven by increased adoption of water pumps in power plants
Persistence Market Research Released New Market Report “Thailand Water Pump Market is
anticipated to register a healthy CAGR during the forecast period, 2021”, projects that the Thailand
water pump market is expected to grow at a healthy CAGR of 6.3% during the forecast period.
In terms of revenue, the Thailand water pump market accounted for US$16.7 Million in 2014 and is
projected to reach US$25.6 Million by 2021.Factors fuelling the market include low manufacturing costs,
expansion of water supply network, massive urbanization and industrialization, increasing arable land and
land under cereal production. Thailand is an agriculture-driven country. Growth in the agricultural sector,
linked with increasing arable land and land under cereal production is leading to growing trend of micro
irrigation in small farms, which is projected to increase deployment of centrifugal water pumps.
Similarly, the country is undergoing rapid economic growth and industrialisation and is also poised to
emerge as a substantial market. It plays a crucial role as its one of the manufacturing hubs for water
pumps. Deployment of monobloc pumps is increasing due to the growing trend of family farming, which is
carried out on small agricultural plots and requires low HP centrifugal pump for micro irrigation. Pumps for
domestic and agriculture application offer minimal product differentiation in terms of cost and quality.
Similar buyer trends apply to both end-user segments.
Interested in report: Please follow the below links to meet...
mainly driven by increased adoption of water pumps in power plants
Persistence Market Research
Thailand Water Pump Market is anticipated
to register a healthy CAGR during the
forecast period, 2021 - Persistence Market
Research
Persistence Market Research
1
Thailand Water Pump Market - Growth of the market in East Asia is
mainly driven by increased adoption of water pumps in power plants
Persistence Market Research Released New Market Report “Thailand Water Pump Market is
anticipated to register a healthy CAGR during the forecast period, 2021”, projects that the Thailand
water pump market is expected to grow at a healthy CAGR of 6.3% during the forecast period.
In terms of revenue, the Thailand water pump market accounted for US$16.7 Million in 2014 and is
projected to reach US$25.6 Million by 2021.Factors fuelling the market include low manufacturing costs,
expansion of water supply network, massive urbanization and industrialization, increasing arable land and
land under cereal production. Thailand is an agriculture-driven country. Growth in the agricultural sector,
linked with increasing arable land and land under cereal production is leading to growing trend of micro
irrigation in small farms, which is projected to increase deployment of centrifugal water pumps.
Similarly, the country is undergoing rapid economic growth and industrialisation and is also poised to
emerge as a substantial market. It plays a crucial role as its one of the manufacturing hubs for water
pumps. Deployment of monobloc pumps is increasing due to the growing trend of family farming, which is
carried out on small agricultural plots and requires low HP centrifugal pump for micro irrigation. Pumps for
domestic and agriculture application offer minimal product differentiation in terms of cost and quality.
Similar buyer trends apply to both end-user segments.
Interested in report: Please follow the below links to meet...