Water Pump Market to Make Great Impact in Near Future by 2026Posted by Harsh on May 24th, 2019 According to Trends Market Research (TMR) report, titled “Thailand Water Pump Market by 2025”, the Thailand water pump market is estimated to account for US$XXmillion by the end of 2025, exhibiting a CAGR of XX% in the forecast period from 2018 to 2026. Get More Information About Water Pump Market: https://www.trendsmarketresearch.com/report/sample/3527 Certain factors boosting the Thailand market for water pump include expansion in network of water supply, expanding arable land, low cost of manufacturing, massive industrialization as well as urbanization and land under the production of cereal. As Thailand country is driven by agriculture, so development in agricultural sector along with growing cereal production and arable land leads to rising micro irrigation trend, which is anticipated to escalate the centrifugal water pumps deployment in various small farms. Based on end-use application, the Thailand water pump market is categorized into agriculture, domestic and industrial. Among these, the segment of agriculture is anticipated to remain dominant in the next six years and will also gain BPS as most GDP is generated from agricultural sector. However, the segment of industrial sector is projected to exhibit highest CAGR by the end of 2026. Based on pump capacity, the Thailand water pump market is fragmented through HP range into 5–10HP, 15–20HP, 3HP, 10–15HP, and 20–30HP. Ranges with smaller HP are anticipated to see average growth over the forecast period. Regionally, the segmentation is done into North Eastern Thailand, Southern Thailand, Northern Thailand, and Central & Eastern Thailand. Among these regions, in 2018 Central & Eastern Thailand was the market leader with revenue share of XX% of the total Thailand market for water pump. In this region, the Bangkok area is dominant and is the most prosperous region too in comparison with the Northeast region being infertile and the poorest areas while the market for Southern Thailand is expected to lose 80 BPS in the next six years. Also, the growth of East Asia market is primarily driven by the newer infrastructure development in heavy industry, rising water pump adoption in power plants, plants for municipal wastewater treatment, irrigation as well as water facilities for drinking. Like it? Share it!More by this author |