By Lisa Sibley
Published 2009-12-14 13:50
The water and wastewater markets in Thailand are expected to earn $177.3 million in revenue by 2015, according to a new report today from research firm Frost & Sullivan .
The market for water and wastewater technologies is growing because of Thailand’s increasing population, water scarcity concerns, and a heightened environmental consciousness. The report suggests that as the market grows because of demand from the municipal and industrial sectors, so will engineering consultant services and other business opportunities.
According to F&S Consultant Melvin Leong, the government of Thailand is working to bring about comprehensive water and wastewater treatment development and management measures. “[The government] has invested massive and continuous budget outlays for irrigation projects to ensure adequate water supply for the country,” he said in a news release. With limited local capabilities to produce high tech products, government regulations are expected to boost the supplier market, including foreign imports of products and services.
About 80 percent of Thailand’s water and wastewater treatment equipment comes from Japan, the United States, and Europe. In 2007, Montreal-based GLV  said its Water Treatment Group received an order for close to $5 million for its an advanced wastewater treatment system including clarifiers, a bioreactor, and a microflotation system in Thailand (see GL&V awarded $26m in water treatment contracts ).
Leong said strategic partnerships are expected to be key for companies bidding on water and wastewater projects in Thailand. Additional demand for water and wastewater treatment facilities stems from Thailand’s industrial sector. Potential business opportunities for related technologies exist in the automotive, electronic and electrical, paper and pulp, and steel industries, the report indicates. However, the report cautions that periodic political turbulence could slow overall economic growth in Thailand. Companies may also experience profit losses when trying to maintain attractive pricing for their technologies in the competitive market, it said.