MAJOR GROWTH BRINGS MAJOR OPPORTUNITIES FOR PUMPS AND VALVES MARMET

Owing to technological advances and an increasingly diverse range of products, pumps, valves and compressors can now be found in a multitude of commercial applications. This includes everything from water/wastewater treatment plants and pipelines, to medical devices and jet engines.

Asia now accounts for 35% of the global Pumps, Valves and Compressors market, and will continue to outpace other regions, due to new infrastructure and heavy industrial spending. The burgeoning energy sector is another source of major expansion. The annual global market is now US $125 billion and consists of US $55 billion from Valves, US $40 billion from Pumps and US $30 billion from Compressors. 


The Southeast Asian market for pumps, valves and compressors is also likely to get a significant boost once the investment deferrals in the oil and gas industry are realized. Continuous investments in power generation, water and wastewater plus food and beverage industries will further drive demand for Pumps, Valves equipment covering the forecast period.

A recent Frost and Sullivan report projects pump, valve and compressor sales throughout the ASEAN region to reach US $3.52 billion in 2019. The growth will be driven largely by the increased need for clean drinking water in the region and specifically throughout continued investments in power generation, water and wastewater, and the food and beverage industries.

To improved growth is attributed mainly to government spending in mega projects. The Board of Investment of Thailand (BOI) has expanded its 2016 investment value target to 550,000 million baht (US $16 Billion), an increase of about 20% from the previous target of 450,000 million baht. A large majority of these investments are in Food & Agriculture Products, Petrochemical/Oil & Gas, Iron/Steel Metal/Machinery Manufacture, Air-conditioning & Refrigeration plus overall Building & Construction.  

Condominiums, Shopping & Community Malls, Hotels and Residential projects are booming in major cities throughout Thailand. The construction sector continues to expand and is supported by increasing government expenditure and a rise in private construction. From now to 2019 will be underway with an investment value of 1.58 trillion Baht. This expansion will substantially increase the demand for Iron, steel, metal and machinery. 

As one of the world’s top ten producers and exporters of processed food products Thailand’s food processing sector continues to expand as domestic sales of processed foods rises along with strong demand from retail and food service sectors. The demand for processed food & beverages is projected to expand to cover the mass grocery retail sector which will provide further growth for the food and drink industry.

With continuous growth in relevant industries and markets the demand for pumps and valve products in ASEAN - especially in Thailand - is very high. An exhibition like PUMPS & VALVES ASIA 2017 - ASEAN’s specialized in Pumps, Valves, Pipes, Fitting and Hardware Trade Exhibition will provide great business opportunity for pumps and valves manufacturers enabling them to showcase products to buyers from across ASEAN.





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