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.

To learn more about this report, request sample copy

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 Moreover, the traditional irrigation methods used are outdated and result in wastage of water.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.

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.