The Thailand water pump market comprises various product types including submersible pumps, self-priming pumps, vortex pumps, and centrifugal pumps which find applications in agriculture, domestic, and industrial sectors. Water pumps help in transferring water efficiently over long distances and varying heights. The agricultural sector accounts for the largest share of water pump usage in Thailand owing to the significant dependence on irrigation. Thailand has a tropical climate and is one of the world's largest rice exporters which has propelled the need for stable water supply in farms throughout the year.

The Thailand Water Pump Market is estimated to be valued at US$ 28.7 Mn in 2024 and is expected to exhibit a CAGR of 6.7% over the forecast period 2024-2031.

Key Takeaways

Key players operating in the Thailand water pump market are Grundfos, KSB SE & Co. KGaA, Franklin Electric, WILO SE, Xylem Inc., Ebara Corporation, Sulzer Ltd., Flowserve Corporation and Baker Hughes Company.

The agricultural sector in Thailand accounts for over 40% of the country's GDP and nearly 70% employment, giving rise to growing demand for efficient irrigation systems. Furthermore, the government has implemented several projects and schemes to enhance water management which is augmenting sales of water pumps.

The Thailand Water Pumps Market Growth is witnessing increased expansion into rural areas through partnerships with distributors and dealers. Leading players are focusing on developing innovative IoT-enabled pumps to cater to smart irrigation needs and expand their footprint in international markets through partnerships with local players.

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