Vietnam Agricultural Pumps Market - By Type ; By Power Source ; By End Use ; By Power Range, Trend Analysis, Competitive Landscape & Forecast, 2019-2029

List of Tables

Vietnam Agricultural Pumps Market Size Set to Reach USD 129.3 Million by 2029

Vietnam agricultural pumps market is flourishing because of rising demand from the agriculture irrigation and increasing favorable government policies for the adoption of modern agriculture equipment.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Vietnam agricultural pumps market size at USD 73.5 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects Vietnam agricultural pumps market size to grow at a significant CAGR of 8.4% reaching a value of USD 129.27 million by 2029. Major growth factors of Vietnam agricultural pumps market include the growing Vietnam population have boosted demand for agricultural products. The Vietnamese government has steadily expanded its investment in infrastructure, irrigation, and wastewater treatment in response to increased water demand, as evidenced by increased water use from 2016 to 2018. Likewise, the rapid urbanization has increased the usage of technologically complex equipment in farms. This includes the usage of smart pumps and agricultural pumps, which has resulted in the market's rapid rise. In many cases, farmers are unaware of how a specific piece of equipment works. This misunderstanding could be an obstacle for the Vietnam agricultural pumps market. Also, there has been an increase in the usage of clean energy, such as solar energy, to power farming water pumps. Many of them make use of IoT and are GSM-based solar pumps. Hence, such aspects are expected to fuel the expansion of the overall market during the period in analysis. However, high costs associated with the installation and maintenance of pump systems are anticipated to restrain the overall market growth.

Vietnam Agricultural Pumps Market - Overview

Agricultural pumps are mechanical devices that employ a proper pressure head to move material from one point to another. They are utilized to suit the needs of farmers while maintaining higher agricultural yield. They are also commonly utilized for irrigation of agricultural crops that demand water. Rising farmer demand, which consequently boosts demand for high-quality agricultural pumps, is a key element driving the agricultural pump market's growth. Furthermore, due to limited supply of electricity and the use of diesel-powered generators, as well as greater utilization of renewable energy centrifugal pumps, which can lower pump operation costs to zero, are key factors supporting the growth of the agricultural pump industry.

Impact of COVID-19 on Vietnam Agricultural Pumps Market

COVID-19 had a detrimental impact on the Vietnam agricultural pumps market. These pumps are mostly used to pump water (through revolving impellers) in industrial and residential structures. They are also widely utilized in agriculture, municipal water and wastewater treatment plants, electricity production plants, petroleum, and chemical industries, among others. The pumps have various advantages, including ease of operation, consistent delivery, the option to be installed horizontally or vertically, and low maintenance costs. The demand for these products has been temporarily restricted in recent months as a result of business closures around the world. However, demand for centrifugal pumps is expected to rebound.

Vietnam Agricultural Pumps Market - By Power Range

Based on power range, Vietnam agricultural pumps market is divided into 0.5-3 HP, 4-15 HP, 16-30 HP, 31-40 HP, and >40 HP. The 4-15 HP segment is expected to hold the highest market share. Pumps in this horsepower class can withstand voltage changes ranging from 300 to 440 volts. This market will grow at a rapid pace due to its widespread use in small and medium-sized quantities, which are often used to take water from lakes and reservoirs. Because most agricultural land is fragmented, pumps in this price range are appropriate because they are cost-effective.

Competitive Landscape

Major players operating in Vietnam agricultural pumps market include 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, and Xylem Inc. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Vietnam Agricultural Pumps Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Vietnam Agricultural Pumps Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC23272

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Vietnam Agricultural Pumps Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Increasing demand from the irrigation
  - 3.2.1.2. Favorable government policies for the adoption of modern agricultural equipment
- 3.2.2. Restraints
  - 3.2.2.1. High costs associated with the installation and maintenance of pump systems
- 3.2.3. Opportunities
  - 3.2.3.1. Increasing adoption of modern techniques for irrigation
- 3.2.4. Challenges
  - 3.2.4.1. Degradation of equipment
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis

4. Vietnam Agricultural Pumps Market Overview

4.1. Market Size & Forecast, by Value, 2019-2029
4.2. Market Share & Forecast
- 4.2.1. By Type
  - 4.2.1.1. Rotodynamic Pumps
  - 4.2.1.1.1. Centrifugal pumps
  - 4.2.1.1.2. Axial flow
  - 4.2.1.1.3. Mixed flow
  - 4.2.1.2. Positive Displacement Pumps
  - 4.2.1.2.1. Rotary Pumps
  - 4.2.1.2.2. Reciprocating Pumps
- 4.2.2. Power Source
  - 4.2.2.1. Electricity Grid-Connection
  - 4.2.2.2. Diesel/Petrol
  - 4.2.2.3. Solar
- 4.2.3. By End Use
  - 4.2.3.1. Irrigation
  - 4.2.3.2. Livestock Watering
- 4.2.4. By Power Range
  - 4.2.4.1. 0.5-3 HP
  - 4.2.4.2. 4-15 HP
  - 4.2.4.3. 16-30 HP
  - 4.2.4.4. 31-40 HP
  - 4.2.4.5. >40 HP

5. Competitive Landscape

5.1. List of Key Players and Their Offerings
5.2. Vietnam Agricultural Pumps Market Company Market Share Analysis, 2022
5.3. Competitive Benchmarking, By Operating Parameters
5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)

6. Impact of Covid-19 on Vietnam Agricultural Pumps Market

7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

7.1. Grundfos Vietnam Co., Ltd.
7.2. KSB Vietnam Co., Ltd.
7.3. EBARA Vietnam Pump Company Limited
7.4. WILO Vietnam Co. Ltd
7.5. Hai Duong Pump Manufacturing Joint Stock Company
7.6. Intech Pumps
7.7. Tsurumi Pump Viet Nam Co., Ltd.
7.8. Iwaki Pumps Vietnam
7.9. Sai Gon Industrial Service
7.10. Xylem Inc.
7.11. Other Prominent Players

8. Key Strategic Recommendations

9. Research Methodology

9.1. Qualitative Research
- 9.1.1. Primary & Secondary Research
9.2. Quantitative Research
9.3. Market Breakdown & Data Triangulation
- 9.3.1. Secondary Research
- 9.3.2. Primary Research
9.4. Breakdown of Primary Research Respondents, By Region
9.5. Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

Product Code: BWC23272

List of Figures

Figure 1 Vietnam Agricultural Pumps Segmentation
Figure 2 Vietnam Agricultural Pumps Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Vietnam Agricultural Pumps Market Size, By Value (USD Million), 2019-2029
Figure 5 Vietnam Agricultural Pumps Market Share, By Type, By Value, 2019-2029
Figure 6 Vietnam Agricultural Pumps Market Share, By Power Source, By Value, 2019-2029
Figure 7 Vietnam Agricultural Pumps Market Share, By End Use, By Value, 2019-2029
Figure 8 Vietnam Agricultural Pumps Market Share, By Power Range, By Value, 2019-2029

List of Tables

Table 1 Vietnam Agricultural Pumps Segmentation
Table 2 Vietnam Agricultural Pumps Market Value Chain Analysis
Table 3 Company Market Size Analysis, 2022
Table 4 Vietnam Agricultural Pumps Market Size, By Value (USD Million), 2019-2029
Table 5 Vietnam Agricultural Pumps Market Share, By Type, By Value, 2019-2029
Table 6 Vietnam Agricultural Pumps Market Share, By Power Source, By Value, 2019-2029
Table 7 Vietnam Agricultural Pumps Market Share, By End Use, By Value, 2019-2029
Table 8 Vietnam Agricultural Pumps Market Share, By Power Range, By Value, 2019-2029
Table 9 Grundfos Vietnam Co., Ltd. Company Overview
Table 10 Grundfos Vietnam Co., Ltd. Financial Overview
Table 11 KSB Vietnam Co., Ltd. Company Overview
Table 12 KSB Vietnam Co., Ltd. Financial Overview
Table 13 EBARA Vietnam Pump Company Limited Company Overview
Table 14 EBARA Vietnam Pump Company Limited Financial Overview
Table 15 WILO Vietnam Co. Ltd Company Overview
Table 16 WILO Vietnam Co. Ltd Financial Overview
Table 17 Hai Duong Pump Manufacturing Joint Stock Company Overview
Table 18 Hai Duong Pump Manufacturing Joint Stock Company Financial Overview
Table 19 Intech Pumps Company Overview
Table 20 Intech Pumps Financial Overview
Table 21 Tsurumi Pump Viet Nam Co., Ltd. Company Overview
Table 22 Tsurumi Pump Viet Nam Co., Ltd. Financial Overview
Table 23 Iwaki Pumps Vietnam Company Overview
Table 24 Iwaki Pumps Vietnam Financial Overview
Table 25 Sai Gon Industrial Service Company Overview
Table 26 Sai Gon Industrial Service Financial Overview
Table 27 Xylem Inc. Company Overview
Table 28 Xylem Inc. Financial Overview

Vietnam Agricultural Pumps Market - By Type ; By Power Source ; By End Use ; By Power Range, Trend Analysis, Competitive Landscape & Forecast, 2019-2029

Description

Table of Contents

List of Tables

Table of Contents

1. Research Framework

2. Executive Summary

3. Vietnam Agricultural Pumps Market Insights

4. Vietnam Agricultural Pumps Market Overview

5. Competitive Landscape

6. Impact of Covid-19 on Vietnam Agricultural Pumps Market

7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

8. Key Strategic Recommendations

9. Research Methodology

List of Figures

List of Tables