THAILAND WATER PUMP MARKET ANALYSIS

Thailand Water Pump Market Size and Trends

Thailand water pump market is estimated to be valued at US$ 28.7 Mn in 2024 and is expected to reach US$ 45.3 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.

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The agricultural sector constitutes a majority share of the market due to extensive agriculture activities in Thailand and growing demand for water pumps from farmers.

Increasing construction activities and infrastructure development projects related to water supply are expected to drive the demand for water pumps in the country. Growing focus on rural development and expansion of micro irrigation systems to boost agricultural output will further support the market growth during the next few years.

Market Driver - Increasing demand for water supply and irrigation systems

As the cultivation areas expand to meet the rising demand for food, there is a major need for efficient water management systems. A significant portion of Thailand's economy relies on agriculture and farming plays a key role in employing the rural population. Rice is the most important crop which is cultivated across vast areas in the central plains and north-eastern regions. Vegetables, fruits and other commercial crops are also produced extensively. However, the availability of water during the dry seasons has always been a challenging factor for farmers. Several parts of the country witness water scarcity issues between December and April when there is very little or no rainfall. Moreover, the traditional irrigation methods used are outdated and result in wastage of water. In order to ensure stable crop yields and combat issues of water shortage, modern water pumps and pressurized irrigation networks are being set up extensively.

Market Concentration and Competitive Landscape

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Growing Industrial Activities and Infrastructure Development

Thailand has transformed into one of the industrial powerhouses of Southeast Asia over the past few decades. Important industries include automobiles, electronics, petrochemicals, textiles, machinery, etc. Robust economic growth along with governmental initiatives inviting foreign investment have boosted industrialization. Expanding industrial estates and Special Economic Zones require extensive infrastructure development including adequate supply of utilities like water, power and drainage. Large capacity pumps are extensively used to draw water from rivers or underground aquifers and deliver them to factories, plant premises and township areas. Furthermore, industries have stringent quality parameters to meet for their various processes which necessitate treatment of feed water. This has augmented the demand for sophisticated pumps integrated with filtration and dosing systems.

On the other hand, critical infrastructure projects in sectors such as energy and transportation are continuously underway. Dams and hydropower stations installing pumps of immense horsepower to transport water and slurry. Substations at various pressure stages also depend on robust pumps. Major development of highways, high-speed rail network and expansion of seaports further drive the market.

For instance, in January 2024, Wilo SE, a leading Europe-based manufacturer of pumps and pump systems for the building technology, water and industrial sectors, merged with a technology firm to develop innovative solutions for wastewater treatment. This strategic merger aims to enhance Wilo SE's capabilities in delivering advanced wastewater management technologies, further strengthening its position in the water and industrial sectors. By integrating the new firm's expertise, Wilo SE seeks to improve the efficiency and sustainability of wastewater treatment processes, aligning with its commitment to providing intelligent and eco-friendly solutions for its customers worldwide.

Key Takeaways from Analyst:

As the government aims to increase agricultural output, investments in irrigation and water infrastructure will drive higher demand. Additionally, the expanding construction industry will propel growth as water pumps are necessary equipment for various construction activities. Rising industrial activities further boost opportunities as industries require continuous water supply.

However, factors like unstable energy costs can act as a restraint. Since pumps are energy intensive, fluctuations in electricity rates impact project costs and pricing. Availability of low-cost alternatives from China is another challenge as it increases competitive pressure. Nevertheless, growing environmental concerns may open up prospects for solar powered pump systems. The central region dominates current demand owing to the concentration of agricultural and construction projects. But newer investments in infrastructure and industries are likely to see faster adoption in the northern and north-eastern provinces going ahead.

Overall, steady investments in key sectors coupled with rising focus on water resources management provide a conducive environment for pump manufacturers. While energy costs and low-cost imports remain concerns, innovation and customized solutions can help counter challenges. The market is set to expand at a modest rate over the medium term driven by infrastructure works and sustainability initiatives across Thailand.

Market Challenge - High energy consumption associated with water pumps

Thailand's water pump market faces the significant challenge of high energy consumption associated with existing water pump technologies and designs. A majority of water pumps currently used across agricultural, industrial and municipal applications in Thailand are traditional pump types that utilize older induction motor technologies. These pump motors have relatively low efficiency ratings and consume significantly high amounts of energy during operation. The rising costs of electricity across the country have made the operational costs of running these energy guzzling pumps prohibitively high for different sectors. Additionally, the high energy consumption also contributes heavily to increased carbon footprint and environmental issues related to greenhouse gas emissions. Unless new efficient pump technologies are adopted widely, this major challenge of high operating costs and energy wastage is likely to continue hampering the growth of the Thailand water pump market.

Market Opportunity: Technological advancements in pump efficiency and design

The Thailand water pump market has strong opportunities emerging from recent innovative technological advancements in pump designs and efficiency ratings. Multiple global and local pump manufacturers such as Grundfos Holdings A/S, KSB SE & Co. KGaA, Xylem Inc., Pentair plc, Ebara Corporation, Wilo SE, Weir Group PLC, etc.  have launched new generations of water pumps featuring high-efficiency motors and hydraulically optimized components. These new pumps equipped with electronically commutated motors, permanent magnet motors and innovations in impeller designs deliver substantial energy savings compared to traditional pump types. The advancements in pumping technologies have significantly enhanced cost benefits for end-users through reduced operating costs over lifecycles. Moreover, the new efficient pump varieties are well-aligned with Thailand's growing emphasis on energy savings and sustainability in water infrastructure projects. The introduction of such high-efficiency solution represents a major opportunity for high market demand and growth in the coming years.

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Insights By Type of Pump - Reliability and Efficiency Drive Centrifugal Pumps Market Share

In terms of type of pump, centrifugal pumps is expected to contributes 45.6% share of the market in 2024 owing to their reliability and efficiency. Centrifugal pumps are able to move a wide variety of liquids smoothly at high volumes, which makes them suitable for agriculture, water supply networks, and industrial applications. Their relatively simple design means they require low maintenance and have a long operational lifetime. This translates to lower lifetime costs compared to other pump types. In addition, centrifugal pumps offer robust performance across a range of pressures and flow rates. Their self-priming function allows them to automatically circulate fluid without manual priming. These advantages have increased their popularity, particularly in large scale projects. Overall, centrifugal pumps meet Thailand's growing demand for moving water efficiently across diverse industrial and infrastructure projects in a cost-effective manner.

Insights By Application - Agricultural Demand Drives Water Pump Application Market

In terms of application, agriculture contributes 36.1% share of the Thailand water pump market in 2024 due to the sector's large demand. Reliable irrigation is crucial for Thailand's agriculture industry, which is a major economic driver. Various crops such as rice, sugarcane, and fruits require consistent watering during different stages of growth. Water pumps are indispensable for transporting water from sources like rivers, canals, and reservoirs to vast farmlands. They enable flexible and localized irrigation based on terrain and soil conditions. As Thailand's population grows, so does the need to boost agricultural productivity through advanced irrigation technologies. This growing demand continues to make agriculture the largest application segment for water pumps in the country.

For instance, In February 2021, Grundfos, a leading global manufacturer of advanced pump solutions based in Bjerringbro, Denmark, launched a new range of energy-efficient pumps specifically tailored for agricultural applications. These innovative pumps are designed to optimize water usage and reduce energy consumption, addressing the growing need for sustainable irrigation practices in the agriculture sector. By providing high-efficiency pumping solutions, Grundfos aims to support farmers in enhancing productivity while minimizing their environmental impact, reinforcing its commitment to sustainability and efficient water management.

Insights By End User - Infrastructure Needs Fuel Industrial Water Pump Usage

In terms of end user, industrial contributes 38.2% share of the Thailand water pump market in 2024 due to the sector's infrastructure needs. Rapid industrialization has increased the demand for water in construction, manufacturing, power generation, and other projects. Reliable and continuous water supply is required not just for industrial processes but also non-process usage such as boiler feed water, cooling tower makeup, and landscaping. Many industrial parks and special economic zones have emerged needing localized pumped water distribution. Furthermore, strict emission standards have boosted the use of pumping systems for wastewater treatment in industries. Overall, industrial activity remains the primary driver of Thailand's pump infrastructure development. The nationwide growth of industrial and manufacturing capacity will continue stimulating demand from this end user segment.

Market Report Scope

Thailand Water Pump Industry News

•  Type of Pump Insights (Revenue, US$ Mn, 2019 - 2031)
  • Centrifugal Pumps
  • Positive Displacement Pumps
  • Submersible Pumps
  • Diaphragm Pumps
  • Others
• Application Insights (Revenue, US$ Mn, 2019 - 2031)
  • Agriculture
  • Water Supply & Distribution
  • Wastewater Treatment
  • Industrial
  • Others
•  End User Insights (Revenue, US$ Mn, 2019 - 2031)
  • Industrial
  • Residential
  • Commercial
  • Agricultural
• Key Players Insights
  • Grundfos Holdings A/S
  • KSB SE & Co. KGaA
  • Xylem Inc.
  • Pentair plc
  • Ebara Corporation
  • Wilo SE
  • Weir Group PLC
  • Torishima Pump Mfg. Co., Ltd.
  • Tsurumi Manufacturing Co., Ltd.
  • Cat Pumps, Inc.
  • Zoeller Company
  • Franklin Electric Co., Inc.
  • FLYGT (Xylem Inc.)
  • ITT Goulds Pumps
  • Honda Power Equipment

Market Segmentation

• In August 2023, KSB SE & Co. KGaA, a leading global manufacturer of pumps and valves, introduced a new range of advanced smart pumps equipped with Internet of Things (IoT) capabilities for improved monitoring. These innovative pumps are designed to provide real-time data on various performance metrics, enhancing operational efficiency and enabling proactive maintenance. By leveraging IoT technology, KSB aims to support users in optimizing their water management processes, ultimately contributing to more sustainable and efficient industrial operations. This launch reflects KSB's commitment to integrating cutting-edge technology into its product offerings, aligning with the growing demand for smart solutions in the pumping industry.
• In April 2023, EBARA CORPORATION, a leading global manufacturer of pumps, compressors, and turbines, acquired a regional pump manufacturer to strengthen its market presence. This strategic acquisition aligns with EBARA's medium-term management plan "E-Plan 2025," which aims to develop new markets on a global scale by adding high value-added products. By integrating the acquired company's expertise and customer base, EBARA seeks to expand its presence in the water pump market and provide innovative solutions to a wider range of customers worldwide.
• In September 2022, Pentair plc, a global leader in water treatment and sustainable solutions, expanded its manufacturing facility in Thailand to enhance production capacity. This expansion is aimed at meeting the increasing demand for innovative water solutions in the region. By increasing its manufacturing capabilities, Pentair seeks to improve its operational efficiency and better serve its customers with advanced products, reinforcing its commitment to sustainability and water conservation efforts worldwide.
• In June 2022, Xylem Inc., a leading global water technology company committed to solving water challenges, partnered with local authorities in Thailand to improve water supply systems. This collaboration aims to enhance access to clean and reliable water for communities in the region by leveraging Xylem Inc.'s expertise in water infrastructure solutions. By working closely with Thai authorities, Xylem Inc. seeks to support sustainable water management practices and contribute to the United Nations Sustainable Development Goal 6: Clean Water and Sanitation.

*Definition: The Thailand water pump market refers to the market for water pumps sold and installed in Thailand. It includes pumps used for various purposes like irrigation, drainage, municipal water distribution, and construction among others. The market caters to residential, commercial, industrial and agricultural sectors. The key players in the market supply different types of pumps like centrifugal pumps, monobloc pumps and submersible pumps manufactured using materials suitable for tropical climate conditions prevalent in Thailand.