Opportunities in Thai water & wastewater markets

The water and
wastewater treatment market in Thailand is emerging as a favored
destination 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).

New analysis from Frost & Sullivan, Market Growth
Opportunities of Water & Wastewater Markets in Thailand, finds
that the market is likely to earn revenues of $177.3 million by

‘The Thailand government has established
comprehensive measures for WWWT development and management,’ says
Frost & Sullivan Consultant Melvin Leong. ‘It has invested
massive and continuous budget outlays for irrigation projects to
ensure adequate water supply for the country.’

While 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 WWWT equipment in Thailand is from
foreign participants 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

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

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,’ adds Leong.
‘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 Growth Opportunities of Water & Wastewater Markets in
Thailand is part of the Environmental Growth Partnership Service
program, which also includes research in the following markets:
bottled water markets in Vietnam. water and wastewater market in
Australia, Indonesian building construction market, and South
Korean building construction market. All research services included
in subscriptions provide detailed market opportunities and industry
trends that have been evaluated following extensive interviews with
market participants.

About Frost & Sullivan

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Source: www.prnewswire.com

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