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Customize Your ReportVietnam Pumps Market Insights & Analysis
The Vietnam Pumps Market is anticipated to register a CAGR of around 8.1% during the forecast period, 2025-32. Additionally, the market size was valued at nearly USD 789.1 Million in 2023 and is projected to reach nearly USD 1590.61 Million by 2032. The industry is currently expanding, and as there are not many large players in it, producers are allowed to set their prices for a range of centrifugal & positive displacement pumps. When purchasing these pumps, end users have placed more emphasis on the pump’s efficiency, quality, and aftersale support. Also, Vietnam’s pump market sales have increased as a result of new industrial manufacturing facilities & the rising demand for water filtering projects.
With the growing population & expanding industrial sectors, there is a rising need for water pumps across a wide range of applications. The country’s dynamic landscape of rapidly urbanizing, industrializing, and developing infrastructure is reflected across the Pump Market. The nation’s large agricultural base drives the demand for water in the agricultural sector as well, which is fully dependent on the pump for irrigation.
Moreover, recently, the Vietnam Pumps Market has become dependent on imports. Most of the European pump suppliers established their manufacturing facilities in China & Japan due to minimal labor & operating costs in these nations. Furthermore, the significant investment & working capital costs have prevented some local manufacturers from producing pumps domestically. The amount of consumers (including governments) procuring pumps from these brands has increased as a result of manufacturers' production & selling of household pumps within the nation.
Additionally, consistent with worldwide trends, the Vietnam Pumps Industry has seen a push towards pump technologies that are more environmentally friendly & energy efficient. Government programs also seek to enhance infrastructure & water management, which would enhance the Vietnam Pumps Market size in the upcoming years.
Vietnam Pumps Market Dynamics
- Rising Need for Technical Progression to Elevate the Industry Expansion
The Vietnam Pumps Market is expected to drive significantly with the rising acceptance of technical advancements in agriculture, as demonstrated by the shift from conventional to smart farming approaches. Farmers in the country are increasingly relying on sophisticated machinery to surge production & efficiency owing to the increasing food demand & growing labor costs. In the agricultural sector, where the usage of cutting-edge technologies like agricultural pumps is becoming essential, the progression is noticeable.
Moreover, the pumps are crucial for maximizing irrigation & water usage, meeting changing farmer demands & guaranteeing sustainable farming methods. Modern gear, such as agricultural pumps, has made it possible for farmers to work with less effort & spend less time, which has raised demand for such equipment in the market.
- Fluctuating Prices of Raw Materials & Supply Chain Issues Hinder the Market Growth
Steel, iron, and other metals are key raw materials employed in the manufacturing of pumps. Geopolitical unrest, deviations in the global market, and supply chain interruptions could affect the price of these basic resources. Owing to this unpredictability, manufacturers may find it challenging to pass on higher production costs to consumers in a highly competitive market, which would eventually reduce their profit margin.
Moreover, the nation’s raw material supply chain can be unpredictable, particularly in light of the disruptions & disturbances worldwide. Production delays, higher expenses, and a loss of market share could lead to delays in the supply chain, further impeding the Vietnam Pumps Market.
- Expanding Energy Sector to Generate Profitable Prospects for the Market
The Vietnam Pumps Market’s potential is being enhanced by the rapidly growing energy industry, which places a high emphasis on renewable energy sources, such as hydropower, wind power, and solar power. Pumps are crucial to the production of electricity, specifically in hydroelectric plants where they are deployed for pressure maintenance & water circulation. Furthermore, for the transportation, refining, and extraction processes, the oil & gas industry’s constant growth also necessitates reliable pumping solutions.
Moreover, the energy sector is a significant growth area for the Vietnam Pumps Market, as the construction of thermal power plants also increases the need for pumps used in boiler feed, cooling water circulation, and other critical applications.
Vietnam Pumps Market Segment-wise Analysis
By Pump Type:
- Centrifugal Pumps (Submersible Pumps Single Stage Submersible Pumps, Multi-stage Submersible Pumps, and Non-Submersible Pumps)
- Positive Displacement Pumps (Rotary Pumps & Reciprocating Pumps)
Centrifugal Pumps segment captures the dominant share of the Vietnam Pumps Market. These pumps are enormously adaptable & found in numerous diverse industries, like construction, water & wastewater control, agriculture, and manufacturing. Their flexibility in handling varied fluids, ranging from chemicals to water, makes them the favored option for a wide range of applications.
Moreover, centrifugal pumps are in great demand across the nation due to the growing urbanization & infrastructure development, including sewage systems, water treatment facilities, and flood control programs. For the management & distribution of water in both urban & rural locations, these pumps are essential. They are widely engaged in irrigation systems to offer effective water distribution to crops in Vietnam, where agriculture is a critical industry. Hence, there is a high demand for these pumps in areas where farming is prevalent.
By End User:
- Industrial Sector (Manufacturing, Mining, Power & Oil, etc.)
- Government Sector (Government Projects)
- Commercial Sector (Building Construction)
The Industrial sector grabbed the highest share of the Vietnam Pumps Market over the historical years & is projected to follow a similar trend in the forecast years as well. The primary cause of the dominance is the nation’s recent rapid industrialization & economic expansion. A broad range of pumps is crucial to the industrial sector, which encompasses manufacturing, mining, power generation, and the oil & gas sector. The pumps are deployed for vital functions, like cooling, pressure maintenance, chemical processing, and fluid transfer.
Additionally, the continuous growth in the industrial sector, driven by both foreign & domestic capital, greatly elevates the demand for pumps in a variety of industries. Further, several industries, including the mining industry, which is vital to the nation’s export economy, raise the demand even further for specialist pumps that can withstand the demanding circumstances connected with mining activities.
Top Companies in Vietnam Pumps Market
Vietnam Pumps Market Companies, Market Share (2026-2034)
Understand The Key Trends Shaping This Market
Download Free SampleWhat Does Our Vietnam Pumps Market Research Study Entail?
- The Vietnam Pumps Market Research Report highlights the forecast growth rate or CAGR by anticipating the market size & share.
- The market analysis puts light upon the primary industry trends, driving aspects, potential opportunities, growth challenges, and other major factors.
- The Vietnam Pumps Market Research Report entails details about the most critical shifts in market share in the prominent regions.
- Considering the statistics & the developments by the primary market competitors, our report also strives to demonstrate the most sought-after strategies of the key players.
Table of Contents
- Introduction
- Objective of the study
- Product Definition
- Market Segmentation
- Study Variables
- Research Methodology
- Secondary Data Points
- Companies Interviewed
- Primary Data Points
- Break Down of Primary Interviews
- Secondary Data Points
- Executive Summary
- Market Dynamics
- Drivers
- Challenges
- Opportunity Assessment
- Recent Trends and Developments
- Policy and Regulatory Landscape
- Import and Export Statistics
- List of Construction Projects
- On-going Projects
- Upcoming Projects
- Vietnam Pumps Market Overview (2021-2034)
- Market Size, By Value (in USD Billions)
- Market Size, By Volume (Million Units)
- Market Share, By Type of Pumps
- Centrifugal
- Overhung Pumps
- Vertical Inline
- Horizontal End Suction
- Split Case Pumps
- Single Phase
- Multistage
- Vertical
- Turbine
- Solid
- Non-Solid
- Axial Pump
- Mixed Flow Pump
- Submersible Pumps
- Solid handling
- Non-Solid handling
- Turbine
- Overhung Pumps
- Positive Displacement Pumps
- Diaphragm Pumps
- Piston Pumps
- Gear Pumps
- Lobe Pumps
- Progressive Cavity Pumps
- Screw Pumps
- Vane Pumps
- Peristaltic Pumps
- Centrifugal
- Market Share, By Horse Power
- Upto 0.25 HP
- 0.25 to 0.5 HP
- 0.5 to 1 HP
- 1.1 to 1.5 HP
- Above 1.5 HP
- 1.5 to 5 HP
- 5 to 20 HP
- 21 to 100 HP
- 100 to 500 HP
- Above 500 HP
- Market Share, By End User Industry
- Industrial
- Oil & Gas
- Power Generation
- Manufacturing
- Mining
- Residential & Government (Govt. projects)
- Commercial
- Agriculture & Irrigation
- Commercial Building
- HVAC
- Chemicals
- Water & Wastewater
- Food & Beverage
- Others
- Industrial
- Market Share, By Region
- Southern
- Northern
- Central
- Market Share, by Company
- Competitive Benchmarking
- Revenue Shares & Analysis
- Competitive Outlook (Company Profiles, Partial List)
- EBARA Vietnam Pump Company Limited
- Business Description
- SWOT Analysis
- Product Segments
- Strategic Alliances or Partnerships
- Recent Developments
- Grundfos Vietnam Co., Ltd.
- Business Description
- SWOT Analysis
- Product Segments
- Strategic Alliances or Partnerships
- Recent Developments
- Hapuma
- Business Description
- SWOT Analysis
- Product Segments
- Strategic Alliances or Partnerships
- Recent Developments
- Intech Pumps Vietnam Company Limited
- Business Description
- SWOT Analysis
- Product Segments
- Strategic Alliances or Partnerships
- Recent Developments
- Iwaki Co., Ltd.
- Business Description
- SWOT Analysis
- Product Segments
- Strategic Alliances or Partnerships
- Recent Developments
- KSB Vietnam Co., Ltd.
- Business Description
- SWOT Analysis
- Product Segments
- Strategic Alliances or Partnerships
- Recent Developments
- Sai Gon Industrial Service
- Business Description
- SWOT Analysis
- Product Segments
- Strategic Alliances or Partnerships
- Recent Developments
- Tsurumi Manufacturing Co., Ltd.
- Business Description
- SWOT Analysis
- Product Segments
- Strategic Alliances or Partnerships
- Recent Developments
- WILO SE
- Business Description
- SWOT Analysis
- Product Segments
- Strategic Alliances or Partnerships
- Recent Developments
- ITT BORNEMANN GmbH
- Business Description
- SWOT Analysis
- Product Segments
- Strategic Alliances or Partnerships
- Recent Developments
- Others
- EBARA Vietnam Pump Company Limited
List of Figure
Figure 1: Study Framework and Research Scope
Figure 2: Study Objectives Overview
Figure 3: Product Definition — Pump Categories and Specifications
Figure 4: Market Segmentation Structure for Vietnam Pumps Market
Figure 5: Key Study Variables and Measurement Parameters
Figure 6: Research Methodology Overview
Figure 7: Secondary Data Sources Utilized
Figure 8: List of Companies Interviewed
Figure 9: Primary Data Points Summary
Figure 10: Breakdown of Primary Interviews
Figure 11: Executive Summary — Key Market Indicators
Figure 12: Market Dynamics Overview
Figure 13: Drivers Influencing Market Growth
Figure 14: Challenges Impacting Market Development
Figure 15: Opportunity Assessment Framework
Figure 16: Recent Trends and Developments Summary
Figure 17: Policy and Regulatory Landscape Overview
Figure 18: Import and Export Statistics Analysis
Figure 19: List of Major Construction Projects
Figure 20: On-going Pump-related Infrastructure Projects
Figure 21: Upcoming Construction and Industrial Projects
Figure 22: Vietnam Pumps Market Overview (2021–2034)
Figure 23: Vietnam Pumps Market Size, by Value (USD Billion)
Figure 24: Vietnam Pumps Market Size, by Volume (Million Units)
Figure 25: Market Share, by Type of Pumps — Centrifugal vs Positive Displacement
Figure 26: Centrifugal Pumps — Overhung vs Vertical Inline vs Horizontal End Suction vs Split Case
Figure 27: Centrifugal Pump Variants — Single Phase, Multistage, Vertical, Turbine, Solid, Non-Solid
Figure 28: Centrifugal Pumps — Axial vs Mixed Flow Pump Shares
Figure 29: Submersible Pumps — Solid vs Non-Solid Handling Shares
Figure 30: Positive Displacement Pumps — Diaphragm, Piston, Gear, Lobe, Progressive Cavity, Screw, Vane, Peristaltic
Figure 31: Market Share, by Horsepower — Category Breakdown
Figure 32: End User Industry Share — Industrial vs Residential & Government vs Commercial vs Agriculture
Figure 33: Regional Market Share — Southern vs Northern vs Central
Figure 34: Market Share, by Company — Leading Players
Figure 35: Competitive Benchmarking — Key Performance Indicators
Figure 36: Revenue Shares & Analysis of Major Companies
Figure 37: Company Profile Snapshot — EBARA Vietnam Pump Company Limited
Figure 38: Company Profile Snapshot — Grundfos Vietnam Co., Ltd.
Figure 39: Company Profile Snapshot — Hapuma
Figure 40: Company Profile Snapshot — Intech Pumps Vietnam Company Limited
Figure 41: Company Profile Snapshot — Iwaki Co., Ltd.
Figure 42: Company Profile Snapshot — KSB Vietnam Co., Ltd.
Figure 43: Company Profile Snapshot — Sai Gon Industrial Service
Figure 44: Company Profile Snapshot — Tsurumi Manufacturing Co., Ltd.
Figure 45: Company Profile Snapshot — WILO SE
Figure 46: Company Profile Snapshot — ITT BORNEMANN GmbH
Figure 47: Comparative Overview of Other Market Participants
List of Table
Table 1: Study Objectives Summary
Table 2: Product Definition and Pump Classification
Table 3: Market Segmentation Overview
Table 4: Study Variables and Data Indicators
Table 5: Research Methodology — Data Collection and Validation
Table 6: Secondary Data Points Summary
Table 7: Companies Interviewed — List and Category
Table 8: Primary Data Points Summary
Table 9: Breakdown of Primary Interviews — Respondent Groups
Table 10: Executive Summary Key Metrics
Table 11: Market Dynamics Summary — Drivers, Challenges, Opportunities
Table 12: Recent Trends & Developments Summary Table
Table 13: Policy and Regulatory Overview Table
Table 14: Import and Export Statistics Table
Table 15: Construction Projects List — Major, Ongoing, Upcoming
Table 16: Vietnam Pumps Market Size, by Value (2021–2034)
Table 17: Vietnam Pumps Market Size, by Volume (2021–2034)
Table 18: Market Share, by Type of Pumps — Detailed Breakdown
Table 19: Centrifugal Pump Segment Breakdown
Table 20: Submersible Pump Segment Breakdown
Table 21: Positive Displacement Pump Segment Breakdown
Table 22: Market Share, by Horsepower Category
Table 23: Market Share, by End User Industry
Table 24: Market Share, by Region
Table 25: Market Share, by Company
Table 26: Competitive Benchmarking Table
Table 27: Revenue Shares & Analysis of Key Players
Table 28: Company Profiles Summary — EBARA, Grundfos, Hapuma, etc.
Table 29: SWOT Summary Table for Major Companies
Table 30: Strategic Alliances and Partnerships Table
Table 31: Recent Developments — Company-wise Summary
Table 32: Additional Market Participants — Overview
Top Key Players & Market Share Outlook
- EBARA Vietnam Pump Company Limited
- Grundfos Vietnam Co., Ltd.
- Hai Duong Pump Manufacturing Joint Stock Company
- Intech Pumps
- Iwaki Pumps Vietnam
- KSB Vietnam Co., Ltd.
- Tsurumi Pump Viet Nam Co., Ltd.
- WILO Vietnam Co. Ltd
Frequently Asked Questions
