TechSci recognizes Grundfos as Leader in Vietnam Centrifugal Pumps Market
According
to TechSci Research report, “Vietnam Centrifugal Pumps Market By Type, By
Pump Category, By End Use, By Function, By Market Source, By Sales Channel,
Competition Forecast & Opportunities, 2012 –2022’’, Vietnam
centrifugal pumps market is forecast to reach $ 350 million by 2022, owing to surging
demand for centrifugal pumps from oil & gas, chemical and power sector, coupled
with growing investments in wastewater treatment activities in the country. Growth
in the market is also expected to be backed by various government initiatives
such as National Rural Clean Water Supply and Sanitation Strategy to 2020. Moreover,
the trend of nuclear families in Vietnam is aiding the residential construction
market, which is further anticipated to boost centrifugal pump sales in Vietnam
in the coming years.
Browse 41 market data
Figures and Tables spread through 72 Pages and an
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"Vietnam Centrifugal
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Based
on the different types of pumps, centrifugal pumps are broadly classified into submersible
pumps, single stage pumps, multi stage pumps, and axial & mixed pumps. Of
these types, submersible pumps held the largest share in the country’s centrifugal
pumps market in 2016, and the trend is expected to continue during the forecast
period, owing to their increasing application in agriculture, rain water
harvesting, sewerage plants and drainage applications. Agriculture, water &
wastewater treatment, oil & gas, power, chemicals, construction, and food
& beverage are among the major end use industries for centrifugal pumps.
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“Agriculture,
water
& wastewater and construction sectors are expected to be the largest demand
generators for centrifugal pumps in Vietnam through 2022, owing to increasing
crop production activities, growing demand for safe and potable water and
rising population, respectively. All these aforementioned factors offer a huge
growth opportunity to pump manufacturers involved in selling their products through
distributors, third-party vendors, retailers and wholesalers in Vietnam.,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Vietnam
Centrifugal Pumps Market By Type, By Pump Category, By End Use, By Function, By
Market Source, By Sales Channel, Competition Forecast & Opportunities, 2012
–2022’’ has evaluated the future growth potential of Vietnam centrifugal
pumps market and provides statistics and information on market size, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in Vietnam centrifugal pumps market.
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