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Market Growth Opportunities of Water & Wastewater Markets in Thailand
Frost & Sullivan, Nov 2009, Pages: 59
This research service covers the Thai water and wastewater treatment markets in both municipal and industrial sectors. It includes key research findings, total market size for water and wastewater markets, market trends, competitive landscape, market entry options, and profiles of key market participants.
This Frost & Sullivan research service titled Market Growth Opportunities of Water & Wastewater Markets in Thailand provides drivers, restraints, industry challenges, market size, and forecasts. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: municipal water and wastewater treatment and industrial water and wastewater treatment.
Market Overview
Foreign Participants Strike a Rich Vein in the Thai Water and Wastewater Treatment Market
The Thai market for water and wastewater treatment is a fertile space for engineering consultant services and is expected to grow substantially on the back of rising demand from municipal and industrial sectors. The growing population and increasing concerns about water scarcity are driving the government to encourage water and wastewater treatment (WWWT). “The Thailand government has established comprehensive measures for WWWT development and management,” says the analyst of this research. “It has invested massive and continuous budget outlays for irrigation projects to ensure adequate water supply for the country.” While the government backing and stringent implementation of regulations are expected to buoy the supplier market, the limited local capability to produce high technology has opened the market wide open to foreign imports of products and services. Approximately 80 percent of the WWT equipment in Thailand is from foreign participants from Japan, the United States, and Europe.
The upturn in the industrial sector has driven up the demand for WWWT facilities. Advanced WWWT technology will find considerable business opportunities in high-growth industries such as automotive, electronic and electrical, paper and pulp, as well as steel. Further, heightened environment consciousness and the need to develop a global standard for environment protection are making a solid case for the WWWT market. Despite these considerable prospects, participants may experience shrinking profits because maintaining attractive pricing without compromising on product quality and offering after-sales support in this intensely competitive market may not be feasible. In addition, the occasional turbulence in the political situation may slow down the overall economic growth in Thailand. In such a scenario, suppliers tend to rely heavily on government subsidies for the constructions or refurbishments of treatment plants.
Another solution to the price problem is cost cutting by both local and foreign suppliers. This option is unpopular among participants and can be avoided through foreign-local business partnerships and joint ventures, as they can reduce financial risks and losses. “At present, there are limited partnerships between companies in Thailand’s water and wastewater projects and most participants bid independently for public and private projects,” notes the analyst. “Strategic partnerships among these companies are expected to create better business models in the supply of services, products, and maintenance or after-sales activities.”
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Municipal water and wastewater treatment
- Industrial water and wastewater treatment
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